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start with the lowest amount you can cash-in,
as a newbie you'll 100% guaranteed to lose a trade
so minimizing the loss is the right thing to do.
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Asses the coin by its
1. Overall purpose of the coin
2. Liquidity
3. Team
4. Target market
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I'm started switching to long-term investment from short-term investment,
one reason is I don't have the luxury of time to give to my short-term trades.
Hence, I'm focusing on long-term investment strategies.
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There's no article you need to read, experience real trading, as what
they say "experience is the best teacher" don't afraid to lose some
trades, instead, learn from it. Good luck!
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I am not really a risk-taker person, I prefer entering a low risk low profit than
high risk high profit. It's like more defense than offense, I enter a trade only
when it shows strong simple bullish pattern or formation, it is safer that way.
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That is why if you're outside the top 100 coins (in terms of marketcap)
you should be extra careful, because the coins there are prone to pump and
dump groups.
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I use the default alarm in tradingview chart, and I find it dependable
by the way, are you using mobile or a PC?
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If the market gets unstable and unpredictable
be sure to have backup plan, for example
alternative investments, because earning a profit
in trading isn't constant
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Agreed.
No trading strategy will remain constant, time will come that the
market will be unpredictable, so as a trader we must be flexible.
quick to adapt in any kind of market behavior.
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Not surprising since ICO economy is getting bigger and bigger, the more ICO the lesser chance
it will be successful because of competition. but it really depends on your research skills.
Good luck and invest wisely!
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Ofcourse majority here will recommend trading,
3 BTCTC is more than enough! you could earn tremendous
profit with that capital, but be careful study first before trying out,
Study the basics of the chart and master some trading strategies.
Good luck!
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Both of them are great,
but I prefer usign Binance, binance exchange is not my main
(I'm using multiple exchanges) but for a small trader like
me, Binance suits me more.
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I prefer scalping,
Even if the profit is the lowest among all
trading strategies, still I felt more safer using
this strategy.
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I can't say I'm a professional trader, but I switched to scalping
and I feel safe if I set my stop-loss on 2-3%
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This is great, this is one of the things why I am in bitcointalk community,
humble and sharing communitymates. I hope your strategy will turn out well,
and if it will, would love to try it. Anyways, Goodluck on your journey!
PS: can you make a new post? contains only your progress, because
I can't keep track because of the comments, thank you!
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For opinions, bitcointalk.org
For resource, investopedia.com
For tutorials, youtube.com, I recommend checking
out DataDash's channel
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I find the current market too unstable, my trading
skills isn't enough, so I am searching for alternative
investments in crypto now. will be back to trading
soon, hopefully.
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Going all-in is too risky, well if you really believe that you'd
go all-in to that coin, then go. don't be too optimistic, think
of the bad side too.
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