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.
I can imagine it sounds like a basic strategy for experienced traders..
Please share your thoughts!
Thanks
It will not work always. Remember why many people lost in 2018 because they wait for the price to recover after the ATH where takes 3 years for them to have it in this price right now. My suggestion is if you found the price will decrease you should also set your stop loss and sell it and find another good position to enter so you can easily get your 10% target in the next position.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.
I can imagine it sounds like a basic strategy for experienced traders..
Please share your thoughts!
Thanks
If you are trading Bitcoin it's hard to get that target always .since the price sometimes only playing 2-8% increase daily or weekly in altcoin it's easy to have that just make sure that you are watching your trade always.