Buy 5 coins and wait till each of them grows 10%, then sell

[whatever61]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

[mk4]

This "strategy" of yours will completely depend on if you can actually pick the right coins to buy; which is like 90% of the challenge. It might sound easy on the surface, but it's definitely going to be a lot harder than it seems.

If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

Waiting weeks won't even be your problem as a lot of existing coins don't even go back up in price after crashing.

[ultrloa]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

This analysis will not applicable in some scenario since we have to consider many things before buying some coins, but you will have a greater chance to get a profit if you buy those top coins and not those hyped coins which is just newly pump and have a questionable growth. And if you fall for bad coins in the market provably you will end up bag holding those shit coins and lose your capital.

[Wexnident]

If one of them didn't after a long time, the other 4 should compensate for the loss.

And what if let's say the compensation amount wasn't enough? Like, 2 or 3 coins didn't go up above 10 in a long time, and the others barely went up 10 at that time, what would you do? Numbers are easy to write ngl, its easy to analyze, choosing what coins to put those numbers is the challenge. It's not enough to know the numbers, any one with a bit of knowledge would know that trading is to buy low sell high. The problem is in knowing "what" to buy low and sell high. Not everything goes according to plan, and im pretty sure every trader out there experience profits and losses always.

[Bitcoin_Arena]

This strategy doesn't work. You could as well just use all the 5000 EUR to buy bitcoin. I mean when bitcoin drops all the other coins drop, when bitcoin grows in price all the other coins grow.

Imagine someone  bought the coins at the all-time high of most coins in 2017, someone would have to wait for close to 3 years and still be in losses. As of today, a person who bought on BTC would have the least amount of loss among the top crypto coins/tokens

[Oneandpure]

Best strategy how do you earn profit with trading without all in on one coin only, I think this have apply for all trader is not look expert how to read chart and know with good news because when allot money or investment in several coins kind give chance when some coin have loss still get chance profit with other coin, but you should choose with potential coin only like top ten on coinmarket cap, never buy new coin without good reputation and little exchange for listing. I have try this method when I have 1 btc I will buy 10 coins and purchase 0.1 btc for each coin investment, maybe have one coin or five coins will give me profit than have put all money in one coin.

[cryptoaddictchie]

If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Sounds pretty risky. But the odds of winning and losing will be dependent on the coins you are gonna choose. Anyway I am thinking the same too as part of my strategy but of course will pick those top 5 that worth my time and money. Also gonna used some fundamental and even trading entry point for it.

Good tokens has its advantages and potential concept, you just need to buy it and believe with it. Trading is a gamble so still this process is risky and can turn your money into nothing.

[Rasel5209]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

You thinking is not good. First you need select some good coin that price don't drop in a day. If you buy 5 coin that you don't know her future. You make loss all money.

[Strongkored]

Dividing a few coins in trading activities can be good, but in trading every strategy there will be times when it doesn't work properly according to the plan.

It's ok if it will take weeks.

Although it could wait for weeks, but in cryptos drop 10% or more can happen over a long period even months.

[davinchi]

You can make a bot of this. Obviously it would take a lot of knowledge to know which 5 coins you should buy, and when to buy. However if you take the face value and pick 5 coins that are best in market, coins like bitcoin, ethereum, ripple, bnb and litecoin for example (not that others can't be better, these are just known and trusted) you could simple say to a bot "buy when it drops more than 10% and sell when it grows more than 10% from buying price" and just let it be.

If you allow a trading bot to constantly do this non-stop, it could potentially make a lot of money and even though it would also miss out on many opportunities, you could chase them with another account somewhere else if you want to.

[XZERO1]

For that strategy to work Bitcoin and the whole crypto market should be on upside movement and you should be at least 70-80% confident that market is going to stay this way for 1 month or even more, don't get me wrong, this strategy is still better than most other strategies that often traders use and it could work smoothly if the market behaves since you are diversifying your capital and when the market is green altcoins once in a while experience 10-20% pump rather easily.

But the problem here is that in crypto everything is strongly tied to bitcoin and if bitcoin decides to go down hard one day altcoins would do the same thing only worse, so if that happens your whole strategy will be ruined, so even though it's not a bad trading strategy to use you better be prepared for worst case scenario too and keep your stop-losses on point.

[bitmexscalper100x]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

You should take those 5 x 1000 Euro bets to a derivatives exchange and trade an index on the price of BTC.

if your goal is 10% of 5000, one 1000 Euro trade at 50% profit would hit that. You could learn some skills and trade like ITF Scalping


146% in an hour speaks for itself.

https://youtu.be/RlzeLc6foyk


 

[ethereumhunter]

Can you suggest what those 5 coins we should buy? Because I guess that you already have the list containing that 5 coins, so maybe you can share that 5 coins with us. After you share the coin's name, we can discuss furthermore to find out if that coin is worth buying or we need to find the other coins. All altcoins will have the same opportunity to grows, and that still a mystery to know which altcoin can rise.

[santiPOGI]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

Not all coins here are the same dude, I am not saying your idea is wrong, it could be right or wrong to others.
But basically, if you choose the right coins 10% profit possible to be happen, but if the coins is not the right one,
the 10% might take long before it happens, this was based on my experienced as a trader.

[masterzino]

Hey guys,

I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.

From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.

I can imagine it sounds like a basic strategy for experienced traders..

Please share your thoughts!

Thanks

I don't find this strategy viable for a couple of reasons:

1. Most alts are declining.
2. You cannot predict the movement of the smaller alts where every single "news" is moving the price.
2. Fees will eat you up. Especially if you want to convert crypto <> fiat every time.

This sounds more like a lottery than trading.

[Lucius]

I agree that crypto trading can sometimes be a real lottery, especially when it comes to altcoins - and it is enough to look at the post from Bitcoin_Arena where it is clear how all the top altcoins have failed compared to BTC since the last ATH. It is evident that the times when alts followed BTC are a thing of the past, and that in the long run it makes no sense to invest in them.

Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.

Or invest 5000 EUR in BTC at the right time - and it's no secret that this year it was in the time before the halving or even after that, and take almost 10000 EUR of profit (which is great even when you pay income tax - if there is a law that says you have to of course).

[xZork]

The most important thing is that you can choose the right currency to buy, if you choose a good project it can bring you profit.
But there are many coins that when it goes down in price will not go back to the previous price or the time for it to come back is very long.

[acdc]

There are coins that take a long time to get back to their previous prices. It will take years or it will turn into a pile of trash, and then you will not be able to recoup your investment.
Ideally you shouldn't use such tactics, selling at a 3% profit or a 5% loss would be a better way to trade in this market.

[FanEagle]

I believe the diversification rule in investing can hurt you if you do it too much and too recklessly. Try to think of it this way, the best method you can do is to find 5 coins you can invest and put your money in there and wait for them to increase, that is definitely the best one, the second best one will be picking one coin or maybe two if you can and investing in to it all of your money and hope it profits, this is opposite of what diversification suggests, however worst one is definitely picking 5 to 10 coins or whatever amount and trusting some of them but investing into others just for diversification sake, that is not really something you should do, just because you want to diversify your portfolio, do not invest into things you are not certain about.

[kawetsriyanto]

First, you must know what 5 coins that you have bought, whether they are good coins or shitcoins to be 
Second, not every coin may increase 10% at a certain time, It may vary, like what happens to BTC, ETH, and probably others. They may not increase as much as 10%, but the nominal is high enough. It means that every coin may have different criteria or degree of how it should hold until what percentage.
Are you sure that the coins after the dump will be back to the top and reach more than 10% again? Are you sure you only need to wait for several mnths? you know, some coins were dumped and after 3 years, the price is still dumped. You must be careful when deciding this kind of strategy.