Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).
Below is a list of coins that I currently hold:
Bitcoins = 0.03398223 BTC
Litecoin = 0.13 LTC
Dogecoin = 5974.18 DOGE
Casinocoin = 2.50 CSC
Ethercoin = 2.80 ETC
Tamagucci = 133 TAM
Mooncoin = 435880.5555555 MOON
Paycoin = 80 XPY
Ripple = 30 XRP
I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.
well you want to get profit only and i can understand you, but you have to be ready to lose some money too as you just can't avoid these moments when price drops for example
just keep eye on all coins you have and when one of their price rises you should sell them to bitcoins, and when price falls down you should buy, and you will get profit
First OP need to decide how fast he wish to make some profit, it's a big difference between daily traders and people who buy cheap coins and wait months for price rise.
It's hard to catch that moment's when to sell and when to buy again, if you are not careful you can lose money with bad decisions.
I think its good that OP have a lot of different coins, but its hard to follow all this coins. Some of them you need to keep for long, and to try to invest more in them from time to time. Choose one or two for daily trading, when you see big rise sell your coins and wait for drop, after big drop think twice will that coin go up again and buy.