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?
One strategy that many traders use is buying low and selling high, also known as "buying the dip." This involves buying an asset when its price is low and then selling it when the price increases, allowing you to make a profit. However, it is important to do your research and understand the market before making any trades.
It is important to keep track of your trades and calculate your profits and losses in order to make informed decisions and improve your trading strategy. While it may be difficult to make significant profits as a new trader, with experience and knowledge, it is possible to become a successful trader and make consistent profits.