Post
Topic
Board Trading Discussion
Re: Trading Tricks For Newbies
by
bastian466
on 18/08/2019, 07:16:37 UTC
Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.

That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies.
I heard an urgent need that I also experienced when I needed money but the market price did not support so making a loss sale was something I really hated but a forceful situation could only stroke my chest, because it destroyed the strategy I had taken to hold back when the market price dropped