Re: Buy 5 coins and wait till each of them grows 10%, then sell
Hey guys,
I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio.I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time.
Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro
