Quote from: dg2010 on February 04, 2023, 02:08:37 PM

Quote from: btc78 on February 03, 2023, 06:31:56 AM

Quote from: JamesDaniel90 on January 05, 2023, 11:10:08 PM

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

of course this is fine, but how long is your tolerance ? I mean how long you can carry the dumping or losing once it crosses your investments?
if you have been seeing this market for a time now then you knew that things might come worst in the coming days after we bought them.

and also we knew that buying Low selling High is the perfect strategy but how deep you can keep? that is the question you must answer first.

It's true, holding on during a dump or losing streak can be tough, but it all comes down to how much you're willing to tolerate. Are you prepared to ride out the ups and downs, or will the volatility make you anxious? Only you can answer that.

One thing to keep in mind is that buying low and selling high is the goal, but there are no guarantees in the market. You have to be comfortable with the fact that there's always a risk involved. That being said, if you do your research and invest in solid projects, the chances of losing are much lower. Just remember to have a clear understanding of your own tolerance and be prepared for the possibility of losses.

yes and I tolerate the idea because of my willingness to risk and earn mate and also I knew that volatility keeps affecting my funds value so I am already aware of those in which won't make me sell in dump.

buying low selling high is indeed the best strategy but the only thing that matter is how long we can keep and how much we can afford to sell.