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February 09, 2018, 01:53:56 PM Merited by chocopapaya (1) |
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Aloha! Feel free to post any trading strategies that have worked for you.
I often employ the "newly listed" strategy. (will that phrase catch on? I just came up with it. A little uninspiring...)
Since I started doing ICOs a long time ago, I noticed that the first day a coin is listed, it has crazy volatility and volume. It bounces up and down like a funky monkey. So I wondered if I could take the "buy low sell high" thing and just speed it up 10x. After testing it out a bit, well, to make a semi-long story short, YES! It works!
You keep track of high profile ICOs and when and where their coins will be listed. It's important that they are high profile or there won't be enough trading volume to pull this off. On that day, typically, the moment they are listed the price is insanely high, then will crash to an absolute low (sometimes within 15 minutes!). After that, it bounces up and down for at least a day, sometimes two or three.
Set the price bar to only look at the last hour, you can more specifically see the ups and downs. Then, just buy when it's low, and immediately list for a higher price. It is important to only buy and sell within the median range, that means your sell orders shouldn't be that much higher than your buy orders Last, just rinse and repeat all day long. You can even do this while you have a full time job! I did this recently with bluezelle and I just checked in throughout the day and managed to do around 11 buy/sell trades throughout the day and made about $900. Something hilarious, is that if I calculate my salary from my full time job to a daily wage, I make only about $160 a day haha.
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