Trading Advice...

[olubams]

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

All i need to say is that any coin you wish to put money into, do it intelligently and not be fooled by the "huge potentials" you have read somewhere or about one upcoming pump or the likes. Be sure the 2btc you are putting there is something you can afford to lose should in case that money does not come back considering the fact that there is no certainty in alt trading and also human factor is also something to consider.

[Bitcoinsummoner]

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

All i need to say is that any coin you wish to put money into, do it intelligently and not be fooled by the "huge potentials" you have read somewhere or about one upcoming pump or the likes. Be sure the 2btc you are putting there is something you can afford to lose should in case that money does not come back considering the fact that there is no certainty in alt trading and also human factor is also something to consider.

Trading honestly is not easy but there are many altcoin that actually high potencial to grow i am not always looking for ICO or any new altcoin for short term i am always choose above $500k marketcap or the top 20 altcoin which is more safe than the other altcoin there are some altcoin in top 20 that are good in short term ,
Since you have 2 btc even you are just stay in 3 altcoin which is have fast movement daily bitcoin. ETH and litecoin could high possibility that you can make a good profit in this 3 coin..

Than the other altcoin that actually it is hard to know if they can live for long term or they can live for short term.

[Ollliver]

It is important to learn the psychology of trading, because trader should control his emotions despite the changes in the market. Be concentrate and ready for actions. For effective trading you need – new experience, analysis, practice, inspiration and well-working plan.  But how to start? There are so useless information on Forex sites and books. It matters a good deal to have a knowledge from successful practitioner trader.  For example, this website - http://sdg-trade.net may give you an online education with systematic program by professional traders and free video course.

[Dart18]

I won't be picking anything of those you have listed.
I don't want you blaming me afterwards when its price goes to hell. Pick what you want. Trust your instincts or maybe trust your knowledge about a certain coin. Done a lot of wrong decisions here but I won't give up into making profits from those altcoins. Good luck to you.

[Biggapp]

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.

Altcoin can be not like bitcoin as you expecting from altcoins. Altcoins are alternative of bitcoins but not that much power to break the record of bitcoins. So kindly try to go for bitcoin. If there is a bad days of bitcoin try to buy bitcoin and wait for the right time. It just a money circulation that how people are coming and going once again same process like federal bank.

[freemanjackal]

What is the explanation of the price crash of all cryptos in these days, is it normal? all crashing?

[babysweetTiger0401]

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.

I like your idea, sounds good to me and nothing to loose if we do it the same way as yours.
It is true that holding in a long terms was a very profitable more than 100%.

[micle222]

For now I suggest you to break trading. Did you hear information about bitcoin segwit / hardfork next month?
You should secure your BTC in a private wallet before you lose your BTC.

Maybe in september there will be many new coins that enter the market. Prepare your strategy to make a lot of profit. I think 25% for long term trading and 75% for short term trading is the best way.

[freemanjackal]

market is more unpredictable than ever just look at these past days

[lovesybitz]

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.

Trading is for the people who are well knowledgeable in it. This is not advisable for the newbies, consequently every time there's a newbie asking for trading I most often said to learn and study first before proceeding in trading. But holding in a long term was a good idea

[lovesybitz]

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.

Trading is for the people who are well knowledgeable in it. This is not advisable for the newbies, consequently every time there's a newbie asking for trading I most often said to learn and study first before proceeding in trading. But holding in a long term was a good idea

[freemanjackal]

all traders started being newbies, trading is for everyone, you need indeed basic knowledges for starting, but the rest you may catch up on time

[Mahanton]

market is more unpredictable than ever just look at these past days

How come and when does the market becomes predictable? Never right? This is the hardest thing as being as a trader at the same time as an investor on which we wont know on where do prices do go. If we did bought on a higher price then it eventually dumps out then we do really feel panic and might decide to sell for cheap on cutting loses. Telling and comparing past days price movements of all crypto. It feels like we are inside on an airplane and do crash to the ground gradually.

[diego10]

Personally  i have no experience more,Bitcoin trading which are usually learned only from experience.  The years of trial, error, successes, failures, gains and losses are very difficult to accumulate. These important tips were collected from our over 15 years of experience to be able to aid you in your trading.  The tips are absolutely free and they cover what we consider the three critical areas of trading; the market, the method, and the environment.

[amaral1977]

Everyone who got into alts and even BTC this semester are holding bags. Either that or sold at loss. The ones who sod more times at profit than loss are the winners. My self have some winners, and the loosers are in hold. Looking at the market long term some coins are good to go in right now if you must. For me  BTC, monero, DGB, XBY and KMD. But as stated above i don´t think they touched the bottom just yet.
This is probably true for the ones you are considering.

[Cosbycoin]

all traders started being newbies, trading is for everyone, you need indeed basic knowledges for starting, but the rest you may catch up on time

But we need to accept the fact that all the traders are not successful with their trading. Only those traders who are keep on updating their knowledge are finding success with trading.

We must start trading with demo accounts and keep on updating our knowledge. It must be the essential process while working in demo accounts so that we can become professional trader in more quicker time.

[jamsproject]

Always check a platform/site's knowledgebase.
Read and understand thoroughly before trading.
When in doubt, always ask the support team.

I.E

I trade mainly at Paxful.

I've read their knowledgebase and recently joined their admin mandated tutorials.

Before my first BTC bought, I asked them lots of question like how to activate Escrow service, rates, etc.