I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.
Good suggestions but he can actually make day active trades but depending on how much time he would put up into trading.If time is to hectic then better go for longer terms when it comes on trading cryptos and as being suggested don't diversify too much and it much better to have a few coins but on solid ones rather than on have many but on weaker or doesn't have any potential for long term.This would really matter on how a certain individual would do its just like on researching up important things.
Very good advisers. But how did we know if this coins has a great potential for us to buy more of it. Im just an still newbie at this kind of way. I think I need more advice guys.
Start with the team, start with the price at the ICO, see from the whitepaper if it is a project or a product you would buy and then see if the team will have all it takes to push it to the top. From there, you will know if it is still undervalued or not and the chances of it getting to the peak and then you can make your decisions based on that.
You still have to live room for errors though, not all companies will survive, but by doing this, you can at least be rest assured that you are going to do great as an investor.