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

[CyberKuro]

Yeah, that could works, do you mind to share what are those 5 coins?  Are the coins btc, eth, ada, xrp, and xlm?
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.

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[BTCappu]

Your idea is a good one, there are already a lot of people that are doing it, and there are those that overdo it, and when I mean overdo I mean that they buy more than the numbers you have said, I have seen someone buy up to twenty five coins.

It is good to keep the number low, five is a good number, and they should be good coins that you’re going to handpick, the ones you know are more likely to see growth in some weeks or months and you will be able to focus on them. If you buy too much coins you won’t be able to keep track of all and you will even end up buying some shitty coins.

[michellee]

Yeah, that could works, do you mind to share what are those 5 coins?  Are the coins btc, eth, ada, xrp, and xlm?
10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.

If that is the coins, I think people already buy those coins with a large amount and they are ready to sell them at the highest price. If the profit is just €100 for each coin, that will be no problem because he can make another profit from the other coins if he buys it. But if he doesn't have the other coins, he can wait for a while to buy back on that 5 coins to make another profit. But I am not sure if that coins can increase within a few weeks because that will depend on how good bitcoin will move in the market. If the bitcoin price does not move to the higher price and stays at the current price until the end of this year, I think the altcoin will also not move to the high price and be up and down for more. But we can use that moment to buy low and sell high to still profit in any situation.

[YOSHIE]

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.

That's called a long-term investment strategy, it doesn't matter if you do that, many people do things like the strategy you call it.

If you can add 5 more coins, to 10, the important thing is you have to look at the potential coins in the market, which have the best volume and trade in the market, for what do you buy coins that are less desirable by the public in the market just to drown your money, look for good coins in the market for investment.
what kind of coins are you currently investing in.

And my idea is you should also have short-term trading to get more profit, do two things long and short term investment.

[Question123]

It depends to the coin that you buy because they have coins that need a lot of time to pump like months or years and the others is weeks only if there is a lot of demand of buying.

A lot of profit or percentage you will if the coin is very potential and not only 10 percent you will get but maybe twice or even more you get if the coin you have will rise very high.

Buying different kinds of coins is good because it will become safe once the other coins dump or die you still have the others to recover your lose.

[cryptomaniac_xxx]

Indeed this is risky, and if might take a long time before you can see at least 10% of profit as we all know that altcoins are more of a pump and dump scheme. And also the question is how mentally tough you are seeing that for a certain given time your portfolio is going down. Might better be off putting all your money to the grand daddy of all - Bitcoin BTC, that's it as least you will have a peaceful mind.

[btc_angela]

Yeah, that could works, do you mind to share what are those 5 coins?  Are the coins btc, eth, ada, xrp, and xlm?

Good altcoins you have choose here, but remember majority of the altcoins have some positive news that why the price keeps going up, more than bitcoin itself. But the question is will the rapid rise will continue? Is 10% enough for you or you might switch your trading strategy and go a bit higher by 15%-20%.?

10% isn't a relatively high number, if you buy €1000 each, then it's €100 profits for each coin, and the 5 coins I mentioned above could increase more than 10% within a few weeks. Just make sure to set the buy and sell arrangement.

That's why I'm asking you why 10% though? Well, it could work, but then again there are a lot of factors you also have to take into consideration. In paper is sounds very simply, but certain parameters could come up that might make you think twice.

[boyptc]

That's diversification and if you're confident with that strategy and you're ok to do an experiment and see where it will be ending, conduct it with precautions and just choose the best coins that you think will make you gain 10%.

It's in your hands but always put bitcoin.

[Renampun]

*this idea is certainly very good, but which five coins do you mean???
playing ping pong *the current term in trading is very good, Bitcoin price moves up and down and some Altcoins follow. profit 10% sell then buy again when the price goes down, slowly but surely very profitable.

[konflikkastil]

When you said buy 5 coins, what are the five coins. And why did you said that? I also read, one of the point you made, that when the coin comes down that you will wait till it goes up again so you can sell. Let me now ask you some questions, have you not seen where a coin will go down and it will never comes back up again. I can mention hundreds of coins like that that I know. They went down, never to come back again. Some even close down. So when you want to do that, do it with discreesion. Make sure you do it with established coin.

[wxa7115]

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

Since it seems that it doesn't matter to you when to enter the market and your strategy is hardcoded to get out of the coins in which invested when they grow 10% then the success or failure of your strategy will depend entirely on the coins that you select to perform the strategy, just a warning, if you decide to try the strategy with coins out of the top 20 there is no guarantee at all that you are going to recover your money.

Now even if you perform that strategy with the top 20 coins in the market that is still not a guarantee but at least your chances are better, however your strategy is going to depend a lot in the cycle of the market in which you happen to make this investment, if you happen to invest at the peak of the movement of the coin then you are not going to have to wait weeks to get that 10% you will probably have to wait for years.

[BuNga_cute]

I agree with the trading strategy in the opening post, because buying 5 potential coins can optimize profit.
But the most important thing is you have to be able to choose coins well, don't choose the wrong coins,
there are losses experienced can also be much greater than buying 1 coin. Therefore, in trading, good
analytical skills are needed, so we won't buy shitcoins.

[Oceat]

This is no different from the buy low and sell high strategy but most importantly you have to minimize the risk and always do your own research to the coins you have to invest. It may not be that easy but considering the top coins in CMC is your best choice. I don't really recommend altcoins since once the hype is gone they are good for nothing or just good only for pump and dump strategy.

[Yatsan]

The results will still be dependable based upon the choices of 5 coins you will buy because it is still dependent if you have chosen the right coins and have spent wisely the budget you have allocated on buying those coins. The strategy you have is just a simple trial and error if you will simply think of it. It could work or not depending on the coins you have bought but still there is no assurance that you can be successful by doing that. You can do pursue it and learn your lesson but still it would be a wise spending if you will get yourself familiarize first on the coins existing in the market to help you out on deciding which coins are worthy of your expenses and will give you profit once and for all.

[drlukacs]

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.

This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio.
Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time.
Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro

[EdenHazard]

The results will still be dependable based upon the choices of 5 coins you will buy because it is still dependent if you have chosen the right coins and have spent wisely the budget you have allocated on buying those coins. The strategy you have is just a simple trial and error if you will simply think of it. It could work or not depending on the coins you have bought but still there is no assurance that you can be successful by doing that. You can do pursue it and learn your lesson but still it would be a wise spending if you will get yourself familiarize first on the coins existing in the market to help you out on deciding which coins are worthy of your expenses and will give you profit once and for all.

A scam coin with fake project would only makes you have a never ending to wait.

A coin that are on its peak will take you ages,  a coin with high market cap won't move that quick and required years...  So yeah it's depends on what coin you choose and there's no guarantee for you to get that 10% target especially if you doing it randomly.
A technical and fundamental analysis would always be better required,  otherwise things will feel like gamble.

[maydna]

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.

This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio.
Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time.
Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro

Using stop loss will be better to anticipate the drops of the price that can happen at any time. But that will need more lessons to learn when we should use the stop loss, so we don't get too big a trading loss. We can't predict what will happen to the coins, whether it will bounce up or go down after we bought. But if the price is down and the down is more than the price you bought, perhaps, you need to prepare to use that stop loss to anticipate another drop.

Yes, I agree that risk management will be necessary at that time to anticipate the drops. Besides that, you need to know how much money you can use to buy the coins to see what you need to do if the price is down.

[Travel Standard]

You working very well man. Your idea is almost ok. I also looking for best currencies and want to trade. I found yet only 2 currencies where i have invested. In month there price goes up to 20% but i am waiting for 100% then i will choose another. Top exchanges and top wallet own token is best for trading.

[Vispilio]

Not a very sound strategy for high volatility products, you can make 10% in 3 or 4, but the remaining 1-2 can incur a 90% loss, in which case the strategy would yield a massive loss...

A more viable alternative can be to leave your upside open and focus on altcoins that have the potential to make exponential returns, this might make a 99% drop in value still an acceptable reward to risk ratio...

[so98nn]

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.

Moreover, its even hard to hold them when they are crashing. Most of the people are victim of FOMO and they think this is the point below which they can't hold up the loss and they panic sell. If it would have been that much easy then this market will be much stronger than the current one. What I mean is, if everyone was capable of holding the position then market would have flooded with lot of capitalisation making them very stable. However, that's exactly opposite to what we see these days and hence open market -> more volatility. Reaching to 10% change could take lot of time, sometimes it may even drop harder to overcome your break even point and then back to 10% profit. So do it wisely man