Hi there!
I’m quite new into trading of any sort. I started by shorting BTC when price was trending down. I made some profits and then I lost it all... several times.
Besides potential gains, I love all the knowledge on markets and economics I’m getting by experimenting.
I’m not looking to be a full time trader. I just want to do one or two trades per week focusing on modest gains but low risk.
For example: I though that trading on the first minutes of an IEO was a safe option. But after reviewing how previous Launchpad projects went on the firsts minutes I does not looks like a low risk strategy at all.
So my question is: Is there such thing like low risks strategies? If yes, what could be an example of that?
Thank you!
Trading into the first minutes of an IEO looks to you as a safe option? They Generally open at 5-10 times higher price than their issue price, how can you expect it to be a low-risk trade? All the monsters who would have subscribed to the issue run to sell everything they were holding. I don't think there is any low-risk trading strategy until you are willing to deep dive into space. Normally every strategy would have a Risk-Reward ratio of 1:1. To create a low-risk strategy in every trade try to take this ratio to 1:2. 1 times risk for two times the reward. Other than that one good strategy that doesn't always work is buying 24h lows. You just pick the 24h lows from Binance see if the low is backed by a big red candle on the chart and wait for a retracement in an upward direction.