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?
everyone is thinking how to earn in trading and every strategy sound simple but its not, if we can earn with that simple strategy then we are lucky, buying and selling is good strategy but the problem is we don't know when the particular coin is going to up or continue to down after we buy it, just always remember that no one will loss if you don't sell at loss.
The important thing here is that a novice does not start inventing and Gambling in trade, because it can go very badly for him, some think that they are lucky and that they know what the market can do and despite the fact that some Traders have good luck when operating, that luck will make you earn money, it is obvious, but at some Point luck will run out and that is when Failures will begin and that is what must be avoided at all costs, for me the main thing here is always keep in mind that it is best to operate knowingly, studying every day so as not to lose money.