Trading a new project listing on top exchange usually leave many traders at loss especially those that doesn't know the do's' and dont's' of trading a new listing. Many times a new project listed will Pump very high and it will seem like it will keep going up and then suddenly it will start dumping really hard while many traders will have no choice than to sell at loss. I think one of the things to do to trade a new listed project is to wait till when the price is stable. Most times price usually pump and then dump then it will pick up later due to traffic trading and then later dump. All this usually happen between one to tow days. Please share your tips on some good strategies that can applied in trading new listings.
Most of the traders know the risk on buying new listed token that's why it was good on short term holding only because it was pump on other exchange before its listing on Big exchange since it was announced in advance. The reason why traders still trading it despite the risk was they are riding the hype and you will have a good profit if you know when to go out and stop loss and trading that coin. Its very rare that a certain token will get that too much attention that's why trader is always trading with risk during initial listing.
Usually that is the case, buying new tokens comes with the risks involved. It's not that they don't care about the risk. But they know how to manage it and when they should stop or continue. Maybe they have predicted or analyzed the tokens they will trade later. Of course, short-term trading is suitable for newly registered tokens, because usually new tokens will be the main attraction for traders who are waiting for the token to arrive. Given the market demand that will increase at any time, they have prepared everything they can to take advantage of the hype that is happening.
However, if we are expecting too much more profit, it is unlikely to be good to do. Because it will cause greed. Continuously expecting benefits from the benefits that have been obtained, even though they know when to continue or stop, but what if some of them continue to be proud of these tokens? I think this is a bad habit that is hard to break for anyone who is hungry for profit. However, this is also good as a lesson in the next process. That, don't push the profits too much, if you already get it. As much as possible save, and start trading with the initial capital that you use.
