Re: What would be your recommendations when trading crypto?
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
There is no book that tells you the secrets of trading, from my experience (which is not a lot but not small too) you learn more by doing.
Trade yourself (without bots) and analyze a lot the most traded coin on the exchange you plan to trade.
buy the rumor sell the news. buy red sell green.
This is the traditional quote that we should buy low and sell high but this does not work every time because we are not lukcy 100%
So before making such a decision we should make a deep research and estimate if it worth buying or not and the luck is another part.