hELLO I am a trader and here i am with my experience yet....
Few strategies which i have learnt during my trade period ..
First we must understand that Crypto market is being influence by whales {those have huge amount of bitcoin or alts (whatever you trade i go with BTC here).}
BTC
First always convert your amount in three equal ratio
like you have 10 bitcoin in your wallet for trade ..
1. keep 30 % in BTC
2. Convert 30% USDT or Other fiat (write down the rate)
3. Choose your alts (promising tech) and write down the rates.
Select 2-3 alts not more.
first 30% will be use for mid - term trades .. 2-4 weeks
second USDT or fiat is for day trade - intra-day trades.
third your alts will be at volume trade. until their ATH, doesn't matter when they come..Increase volume of your alts daily. 1 or 1000 doesn't matter
by this way you will not go in loss and only have to follow btc and few alts.
New ICO or upcoming are like buy dip and enjoy moon ride..so transfer your day trade profit in them so you can bear that much loss..if its come out of scam ..or bought any other alt at wrong time.
Trading needs patience and this crypto market trade comes up with three economics, IT IS NOT A FOREX NOR ANY TRADITIONAL CURRENCY.
World has seen this very first time so no one know its future.
Your capital must remains safe..and you never know market can make zero to hero.
Few strategies which i have learnt during my trade period ..
First we must understand that Crypto market is being influence by whales {those have huge amount of bitcoin or alts (whatever you trade i go with BTC here).}
BTC
First always convert your amount in three equal ratio
like you have 10 bitcoin in your wallet for trade ..
1. keep 30 % in BTC
2. Convert 30% USDT or Other fiat (write down the rate)
3. Choose your alts (promising tech) and write down the rates.
Select 2-3 alts not more.
first 30% will be use for mid - term trades .. 2-4 weeks
second USDT or fiat is for day trade - intra-day trades.
third your alts will be at volume trade. until their ATH, doesn't matter when they come..Increase volume of your alts daily. 1 or 1000 doesn't matter
by this way you will not go in loss and only have to follow btc and few alts.
New ICO or upcoming are like buy dip and enjoy moon ride..so transfer your day trade profit in them so you can bear that much loss..if its come out of scam ..or bought any other alt at wrong time.
Trading needs patience and this crypto market trade comes up with three economics, IT IS NOT A FOREX NOR ANY TRADITIONAL CURRENCY.
World has seen this very first time so no one know its future.
Your capital must remains safe..and you never know market can make zero to hero.
The only significant point of your strategy is the 30% division of capital amount. But how can you blindly say that we will not go into loss by following your strategy??
Market can take u-turn anytime and all your alt value and bitcoin value will go for a toss. What will you do in such situation? Trading is a very complex practice. Do not over generalize it!