Post
Topic
Board Altcoin Discussion
Re: Which coins are easy to trade?
by
Bergkampsballs
on 23/03/2021, 22:24:55 UTC
There’s no easy coins/tokens to trade for, because we are in a volatile market and trading is also risky for that.
Yes, I can say that its a beginners luck and when the market moves its way against your goal, hopefully you can still handle your emotion.

Understand the risk of trading, and since you’re doing this without enough knowledge, then you are increasing the risk of losing money. So as early as now, start learning to trade properly using indicators, you have to watch a huge market over you.

Hey, thanks for the feedback. The thing is, the market hasn't been going my way. It started off well when I first bought into OMI at 0.35c at the start of the NFT craze and it soon went up to 1.32c, since then it has dropped back down to 0.91c at present. During this period I have lost some of my profits but the strategy has minimized my losses quite considerably so I can continue to trade with the profits that I have left. I have watched quite a few trading videos (I really liked the beginner course by CottoncAndy) but felt that my time was better spent researching the coins that I am invested in as I was initially planning to HODL, however an opportunity seemed to present itself for me to attempt to trade.

Whilst I'm not an experienced trader, I have researched my investment very thoroughly to the extent that I have written a review of OMI and why I feel that it is a good investment:

https://bitcointalk.org/index.php?topic=5325347.0

I have found that the ups and downs of OMI have been a lot less stressful over the last few days as I don't feel the need to overinvest, can keep some of my money in USDT and am able to make money whether it goes up or down. Maybe it will come back to bite me and if I start losing money then I can stop but at the moment, the strategy seems to be working well time after time and so I have no reason to stop right now. I don't mean to appear arrogant, I understand that trading in general is very difficult, however for the reasons stated, OMI seems to be an ideal coin to trade.