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

[JooBra]

When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.

[Reid]

Have you decided on what altcoins will it be?
I mean, that is the first thing you should do.
Filter the ones who are really moving at percent every week or month then check if they really good coins.
I prefer the old ones of course.

It's a good strategy but what if 3/5 will be on the losing side because of wrong picks?
You should also have a backup strategy if ever that will happen.

[darewaller]

Portfolio diversification is a good idea but the 10% thing is not really that good, at least I do not see it as a good thing, I would suggest that having some sort of goal to get out is a good idea but this %10 thing would make your portfolio change all the time and wouldn't really help you at all because %10 is not really a big increase.

What you should probably focus on would be to buy 5 coins, distribute them equally or however you see fit, and wait for them to go up enough that you think you can cash out and remove yourself from all of this. At the end of the day if you are getting only a small amount of money and nothing substantial, I do not really see the point of making these type of decisions and investments for only a small gain that would mean nothing.

[abel1337]

Theoretically speaking it makes sense but if we apply it on the cryptomarket it would be pretty bad since each altcoin has a different reaction to the market and the chance to take a loss is high. There are many altcoins out there that declined hard and don't get up to the crash. And I think it is not worth spending the time researching for your top 5 alts vs staying on the best that you think has the possibility to make you a profit.

[hahay]

Now, when you are willing to wait to finally get a profit of +10%, then it would be better to make a long-term hold plan because in addition to getting a higher profit, basically you are already willing to wait. It doesn't matter if you have a lot of capital or money, because the problem is that not all traders have a large amount of capital so they are bound to look for new projects that will basically provide quick returns. So in this case, when you choose the top coins with a large amount of capital you have, basically it promises to be a profit even though indeed, patience is needed to be able to generate higher profits.

[seleme]

This is not a strategy and a very simplified version of buying low or selling high. The idea is always to sell at a higher price and the previous prices can't be available for trading for a long time. I don't think it is a smart trading strategy waiting years for making a 10% profit, at least impatient investors will not wait more than 3 months. In the worst case, the altcoins purchased for a long term HODL will disappear before the altcoin season. There is no need to risk the hard-earned trading capital for such risky strategies because it can blow up the trading account faster than we planned, unfortunately.

[2double0]

You are not trading, you are gambling here @Op.
Why don't you use your €1000 in a sportsbet with 1.10 odds? Win 5 bets and you will be in 50% profit of €2500.
Your trading style looks the same, you are randomly picking some 'good' coins which crashed and will recover. Let me give you my pick of the year, buy bzrx with 30% of your capital, link with the next 30%, waves with 20% and keep 20% safe in btc for your expenses.

[PaulBf1]

what if the price never goes up by 10% ?

[taufik123]

The 5 coins you choose must be at the top of the CMC rankings.  do not take the risk of choosing a coin that does not have a large volume and good development.  But the strategy you use is not that easy.  You also have to be right when you want to enter the market.  Never enter when the price is in a Down Trend condition, it is very dangerous.  Wait at the lower price until it stabilizes.  Fundamentally, you can take advantage of "Buy On Rumor, Sell On News" and combine it with technical analysis.  A better suggestion in my opinion, you should have spare money if at any time the price drops significantly and you haven't reached the% 10 profit you want.  it will keep your profits.  Don't panic and stick to the original strategy.

[MCobian]

Dividing our capital into 5 coins and waiting for a profit of 10% is a good strategy. Instead of buying one coin and waiting
for it to go up, it is much more risky. Because of the 5 coins that we buy, some of the coins usually have a large enough profit,
they can cover losses in other coins. Compared to focusing on investing in one coin, if the coins go down, of course we can't do
anything, besides holding the coins until the price goes up again.

[chaser15]

Sounds easy but hard to follow in an actual situation.

Crypto is volatile and can create an unfavorable situation for us. Making profits out of it will depend on how we will handle it.

Why not just try your idea OP and give it a test. See the result for yourself if it's effective.

[Quidat]

Sounds easy but hard to follow in an actual situation.

Crypto is volatile and can create an unfavorable situation for us. Making profits out of it will depend on how we will handle it.

Why not just try your idea OP and give it a test. See the result for yourself if it's effective.

You are right! we do have our own plans and ideas and its up to ours if we do decide to test it out knowing that this crypto trading do matter with
trial and error and if you do saw that this one isnt that effective then you do jump to another one.10% gain security isnt a bad choice yet price
can move out with those numbers in a short span of time.The question is, would it able to move that way on the time you had able to buy or
get in? What if the price had decreased or opposed on what you had expected? For sure you would really be changing some plans and
emotion do comes out.

[Hypnosis00]

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

There is no wrong with that, that's your goal and all of us can make the same or difference from it. But TBH, 10% is big enough and I am not confident if people could able to wait longer because of the said target especially when you are investing altcoins. Well, that hypes could help but not all, unless if we are investing Bitcoin that we know that it surely go high.
No, you can't expect that these 5coins will come to that realization, that seems impossible (I hope I'm wrong).

[bitkanu]

When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.

He didn't even think about the possibility for the bulltrap to happen, he was not mentioning which position that must be taken as a time to buy. That means his suggestion to buy crypto in the random rate.
It's not so simple as that. There must be a deep analyzation before try to buy something especially to use it as our investment.
It's a really really simple strategy but it doesn't guarantee the traders will always be getting profit.

[bounceback]

You use phrase with not put your egg in one bracket and always put your eggs on several bracket, I think this brilliant ideas how to manage investment risk when put all money in one kind investment will get big risk when coin have down, but if you buy 5 coins you have chance when lost in one or two coins still available with profit left three coins, just happen when you choose right coin to buy like have volume transaction on exchange market, on the top position market and always have new update from team of coin.

[kapalmabur]

When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.

choosing coins in the current situation is very difficult to do, because the price of Bitcoin is very volatile,
we often see altcoin prices go up high and fall deeper, of course this will make traders and investors find it difficult,
but there are some coins that I am bullish on, XLM, NEM and XRP.

[palle11]

As of today, a person who bought on BTC would have the least amount of loss among the top crypto coins/tokens

This is because bitcoin has the inflow of volume that can help regain price stability. With bitcoin the price can fly high  at anytime but altcoins don't do such all the time. Buying bitcoin against altcoins will profit op better.

[Hamphser]

You use phrase with not put your egg in one bracket and always put your eggs on several bracket, I think this brilliant ideas how to manage investment risk when put all money in one kind investment will get big risk when coin have down, but if you buy 5 coins you have chance when lost in one or two coins still available with profit left three coins, just happen when you choose right coin to buy like have volume transaction on exchange market, on the top position market and always have new update from team of coin.

When it comes or part of risk management then diversification is one thing but doesnt mean that it will work most of the time but those probabilities you had mentioned
is actually true when you do have several coins into your portfolio then you would really be having always that chance of recovery came from other coins in case you do lost
money on a certain coin.Recovery is there but to think that it will same goes to the risk as well when the market tends to flip out.
Getting percentage profits in shorter duration is a good idea and if you do see this strategy do works then stick with it.

[hossamdz]

its a good strategie but its so hard to apply it in the real market and i tell why :

in the current market ( bear market) not all altcoins goes up in  same time , only those who  get whales attention and its so hard to know what is the next coin that gonna make 10 % so if you bought those coins that you are talking about , there is an ability to not get any profit from them and you will only see loses .

PS: doesnt work in the bull market because almost all altcoins goes up .

[Harriti]

only 10%, you should have a target of over 10%, because many altcoins are still very cheap now,
and very easy to pump, if you really buy an altcoin then you will get a profit maybe up to 100%.

  Not all altcoins have a 100% chance of going up, a sharp rise should be accompanied by good news. Also, I don't think there are really many cheap altcoins, after Bitcoin's strong growth, altcoins have followed suit and the current price is quite high.

I am expecting a strong correction in preparation for a strong pump in 2021. At this point, we really shouldn't trade with subjective sentiment; that would easily shatter our portfolio