Quote from: okorocrypto on September 02, 2018, 12:38:43 PM

Quote from: Vsamuel on August 31, 2018, 08:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Well your opinion is plausible but I beg to differ with you a little. Without patience, one can only make some few dollars from this market. Take for instance, if one had invested in a project like Ethereum and sold when it hit +20% profit and later realised it actually went up to +130,000% in profit, what will be his stand? The golden rule I use are:

1. Never buy a coin without a product
2. Never join pump and dump so as not to get burnt
3. Never jump into the market when there is a sudden spike in price
4. Never buy a coin you don't believe in.

With these rule, I buy and hold certain percentage for a long time and sell some for the short term and it has been working just fine.

Your strategy makes sense. I think that with this approach you can earn. But compliance with these rules also carries some limitations, and restrictions entail a loss of profit. These rules are more suitable for medium and long term trading. If the goal is short term trading, then the situation is slightly different.
I think that if a trader is experienced enough, his main rule is to buy as cheaply as possible and sell as expensive as possible. There is always a lot of opportunities for earning money on the market. You need to buy coins if they can bring you a profit. That is, even if the coin doesn't have a product, but at the moment it is possible to buy and sell it with profit, then you need to do it. And participation in pamps is generally a great opportunity to earn money quickly. The main thing is always to choose coins. It is not always important to believe in a coin. It is important that the coin brought profit.