Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
keanne_isaac
on 10/11/2018, 01:09:18 UTC
Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising.  Cool
When there is a sharp drop I don't immediately buy the coin I have to wait for a small spike then buy cause most of the time a short spike is a signal for price reversal. And that's an effective strategy with less risk.