Post
Topic
Board Trading Discussion
Re: Trading as a newbie?
by
uswa56
on 03/08/2023, 14:13:10 UTC
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.
Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump
Everything really won't go the way we think, that's very risky in my opinion because we can never know whether a coin will be able to rise or not, so the possibility of loss is very big in my opinion if we only focus on pump and dump situations on certain altcoins
Precisely I think for beginners it's better to focus on top Altcoin trading, I think it will reduce the risk a little even though the percentage of profits is also small, we will be able to learn many things and get a lot of experience from trading the trades that we do.