When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?
the best strategy if you want to trading on altcoin is :
1. You have to be patient (don't panic sell and panic buy)
2. always monitor the movements of altcoin (rising and falling coin that you want to invest or coin that you already have)
3. see opportunities (buy when there is a panic sell and sell when there is a panic buy)
4. provide a profit target and not greedy (I usually always target to get a 5-10% profit)
5. always read news about cryptocurrency, because it can give you a reference to choosing good altcoin as an investment
and true, that now is the right time to invest in altcoin, because the price of altcoin is still cheap and has not risen very high (bull run) for now, so this is your chance to get a big profit before the price of altcoin rises very high.
Patience is the important factor in the trading and ignoring it will lead the more losses. Having a decent trading setup will let the trader take the opportunities to form the altcoin market strategy. Reading the daily news will make the person more knowledgeable trader and having enough understanding is always good than trading blindly the volatile crypto markets. Profit trailing bots will do a job instead of tracking every single trade setup one by one, subscription fee worths to give a privilege the software programmers for the same job. Overall, the generalization will only explain the idea to the beginner altcoin traders but it is not sufficient for comp[letyin the crypto trading lessons.