Trading Advice...

[Thesee]

I'm pretty new to trading, currently trying to digest as much information as possible - just have a few questions that I would like to get opinions on...

I'm looking to invest 2BTC into the market. Since my initial is pretty low, I plan on investing the majority of my money into alts. I want to play 60/40 with each coin I invest in, keeping 60% into long-term holds and using 40% for short... hopefully, to get my initial back to invest into bigger coins.

My question is how many coins would be a healthy amount to invest in with just 2BTC? I don't want to spread my money into too many coins since I'll be holding 60% in each coin long term and only playing 40% in short, but then again I don't want to keep my portfolio too small putting myself in a 1 basket situation.

I'm currently looking at:

Siacoin < made 15% during the dip yesterday - wish I had my deposit in from Coinbase so I could've invested a lot more in the market dips, o well :/
Verge
Ark
Ardor
Antshares/NEO
Steem

Other coins I'm looking at as well:

BAT
Golem
Nxt
IOTA

Would appreciate any advice or input,
Cheers

[Wind_FURY]

If you want an honest trading advice then believe only the ones that say everything is overbought right now. Stay away from altcoins until they have fully corrected. If you buy in now, it will probably result in paper losses, and it can be very frustrating looking at those in your portfolio.

 

[Thesee]

If you want an honest trading advice then believe only the ones that say everything is overbought right now. Stay away from altcoins until they have fully corrected. If you buy in now, it will probably result in paper losses, and it can be very frustrating looking at those in your portfolio.

Thanks for the advice, I'm definitely waiting until market correction - not trying to buy into a falling knife.

[Bejkn]

no trading advice, please check here

don't trade for a year!

this strategy is really useful, if you trust Bitcoin, please never trade and just buy buy buy, keep and hold them, look for a right opportunity to dump! (such as now)

Yeah a lot of people already made big money from holding for years quite like with btc userd from then. And though now may be a good opportunity to dump, i'd still choose to hold. Who knows what may happen in the next few years, the forecasts are promising for the future of btc.

[Thesee]

no trading advice, please check here

don't trade for a year!

this strategy is really useful, if you trust Bitcoin, please never trade and just buy buy buy, keep and hold them, look for a right opportunity to dump! (such as now)

Yeah a lot of people already made big money from holding for years quite like with btc userd from then. And though now may be a good opportunity to dump, i'd still choose to hold. Who knows what may happen in the next few years, the forecasts are promising for the future of btc.

My plan is to hold 60% for the long term and use 40% for short term in every coin I invest in - hopefully, my short term gains will allow me to diversify my portfolio and create more long-term holdings.

Right now I'm just having issues with figuring out how many coins I should invest in w/ 2BTC - I don't want to thin my money out investing in a bunch of different coins, but at the same time I don't want to limit myself to just a couple.

[beerlover]

I'm definitely waiting until market correction - not trying to buy into a falling knife.

Your waiting may last infinitely as you will never able to figure out when will be the corrections ending. I like to suggest you to ignore altcoins completely and do focus on only bitcoins. Buy now some bitcoins for 10% of your capital and wait for one week time and buy again for another 10%. You will be into safer hand if you are ready to buy in average prices.

[prashanta]

I'm definitely waiting until market correction - not trying to buy into a falling knife.

Your waiting may last infinitely as you will never able to figure out when will be the corrections ending. I like to suggest you to ignore altcoins completely and do focus on only bitcoins. Buy now some bitcoins for 10% of your capital and wait for one week time and buy again for another 10%. You will be into safer hand if you are ready to buy in average prices.

Hi, sounds good. i think so & i will prefer your suggestion so much. Trading is not for newbie at all ( is not all but some guys). they are belonging to bitcoin, its the best & safe for themselves.

[ss890]

Wow your plan seems to be very big. I'm not educated enough with altcoins but getting clear vision with your post and other replies here. As usual some positive and done neg replies. I think your long term plan looks good as every coin will pop up in long run with corrections in their techs. Keep it up.

[Thesee]

I'm definitely waiting until market correction - not trying to buy into a falling knife.

Your waiting may last infinitely as you will never able to figure out when will be the corrections ending. I like to suggest you to ignore altcoins completely and do focus on only bitcoins. Buy now some bitcoins for 10% of your capital and wait for one week time and buy again for another 10%. You will be into safer hand if you are ready to buy in average prices.

 I agree that it's really all speculation, but right now all coins are seeing a downward spiral - I'm going to try and catch the lowest dip I can. I'm only going to invest 2BTC right now so alts seem to be the best way to gain capital with such a low investment, hopefully with short term gains I'll be able to move money into more secure coins like BTC/ETC.

[voltesbit777]

If you want an honest trading advice then believe only the ones that say everything is overbought right now. Stay away from altcoins until they have fully corrected. If you buy in now, it will probably result in paper losses, and it can be very frustrating looking at those in your portfolio.

Thanks for the advice, I'm definitely waiting until market correction - not trying to buy into a falling knife.

If you a bag holder of coins, that's a normal thing for the traders. Just important is you know what altcoins you are holding for.
As you well know most of the coins is just a hype only.

[xuan87]

As a beginner trader I would suggest you to trade the top 10 coin or at least a famous coin, I think that way you will reduce the risk of losing, and also will give you clue and experience about the trading, but I see you pick some good coin to trade like steem and nxt, other than that is a bit risky coin to trade but that is just my prediction and some of the coin you own won't be bounce back once falling down, so don't trade too much

[sujonali1819]

You can also add in your  main list  NXT coin.Nxt also more potensial and you can earn huge profit in my openion.

[Changebox]

Patience and Discipline are the keys to become successful in trading.

[stiffbud]

Since you have the budget to trade big you may want to join our group for trading signals. You can get signalsof which coin is best to trade and when to buy and sell them for max profit. It isn't free but the capital you will use in this will onlytake a week or two to get it back. I can tell you that this is very reliable and you can get big profits from it. Btw, the coins you are looking at are great. I am actually holding some of them and just waiting for the right time to sell them again.

[Rahar02]

There are some trading groups to discuss about which coins that will be rise or stay down and everyone could join for free, look at trading thread (here) and you may find one of them.

How you decide which coins to hold for short and long-term?
Which coins you want to hold for long term?
Usually, I trust some coins that has been around for months and has good record.
Nxt and Iota may increase a bit, antshares, ark and steem are good enough to hold, ardor and bat seems has good pump right now.

[Thule]

Best advice when there is a hype be carefull since mostly after a hype comes a deep dump

[ktabb]

I'm pretty new to trading, currently trying to digest as much information as possible - just have a few questions that I would like to get opinions on...

I'm looking to invest 2BTC into the market. Since my initial is pretty low, I plan on investing the majority of my money into alts. I want to play 60/40 with each coin I invest in, keeping 60% into long-term holds and using 40% for short... hopefully, to get my initial back to invest into bigger coins.

My question is how many coins would be a healthy amount to invest in with just 2BTC? I don't want to spread my money into too many coins since I'll be holding 60% in each coin long term and only playing 40% in short, but then again I don't want to keep my portfolio too small putting myself in a 1 basket situation.

I'm currently looking at:

Siacoin < made 15% during the dip yesterday - wish I had my deposit in from Coinbase so I could've invested a lot more in the market dips, o well :/
Verge
Ark
Ardor
Antshares/NEO
Steem

Other coins I'm looking at as well:

BAT
Golem
Nxt
IOTA

Would appreciate any advice or input,
Cheers

It's okay to trade alt coins but you should realize that it is gambling - and when I say it's gambling, what I mean is that your performance is entirely luck based and you cannot increase your odds of outperforming the market by doing research. The crypto market is so inefficient that the correlation between price and value is nearly non-existent. It's a myth that you can day trade alt coins and make a consistent profit. You'll do well while the whole crypto market is rising, but that won't happen forever. Furthermore, it is highly unlikely that you'll be able to outperform the market even as you do profit in a bull market. Fun fact - 99.4% of professional fund managers cannot consistently outperform the s&p500... and that's in the stock market, which is infinitely more efficient than the crypto market.

[Andre_Goldman]

I only trade coins with reasonable volume ... all trading maximized to USD. (I like fiat liquidity  ).

[centrum]

Patience and Discipline are the keys to become successful in trading.

totally agree. and more than that, please have a strong hands. buy more when ever there are deeps, dont panic sell. you might lost everything if you do that. another is, read, read, read. and research, research, research. thats the only key if you want a perfect trade. research on the token you plan to trade.

[Supercrypt]

Patience and Discipline are the keys to become successful in trading.

totally agree. and more than that, please have a strong hands. buy more when ever there are deeps, dont panic sell. you might lost everything if you do that. another is, read, read, read. and research, research, research. thats the only key if you want a perfect trade. research on the token you plan to trade.

Everything we will be needing to better trading will come into our practice along with experiences. Traders who are rushing toward making big money, go straightly into live market and then losing all their capital.

Traders who are knowing the value of patience and discipline, get themselves into demo accounts and learn all the requirements of perfect trading for free of cost and finally moving into live trading to make consistent profits for their living too.