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?
its not a bad technique Im sure you wont be the first to try it whether you succeed or fail you wont be the first either so it worth the try if thats what your instincts tell you whatever the outcome it will be an experience you will learn from and if it doesnt suit you you will have to try another pattern. Trading is not an easy task and you should be ready for the worse especially when it comes to trading altcoins because they are not as reliable as trading Bitcoin.
Strategy like that needs to be practiced from time to time. You are unsure that the market will increase back even the asset already falls for 15%, the chance that it will continue to fall is possible.
You need to have good a good research before taking that strategy, and like what you said, it's not the first
time that this kind of strategy is being used and if he succeeds or fails, it is not also the first time. There's always
the right way or much better to say fitted way to each trader, both new and old timer.