I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward.
I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this
Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day.
What would you recommend and is it achievable long term
I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this
Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day.
What would you recommend and is it achievable long term
Unless you are a well versed trader with great knowledge about the crypto markets and technical analysis it is going to be very hard for you to make 10% gains a week on a consistent basis. That is a high target you have there, but sure it can be done.
I don`t think it`s about 10% profit every week, it`s about how much money you plan to invest in such trading. 10% doesn`t mean anything,
who starts with 5 dollars what he will earn, half a dollar for a week? It`s possible, why not? It`s about how much you have, how much you are
willing to risk, what will be the profit in the end depends from that. Crypto-market is like any other market, you can earn millions today and lose
it tomorrow in wrong deal.