This is how i trade often my spot market easy method

[Wallstwhale]

I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.

[Oshosondy]

Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.

[kentrolla]

Appreciate your technique as this may work but also do consider the risk factors involved in this because usually if a coin has already made huge surge then it will go through correction phase and if you take 24 hrs low at that time then you will not be able to gain profit as most likely it's gonna go down.

[Bulltard]

I do one coin at the time and i use quite large amount for this.

define large amount please 

[Hamza2424]

Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.

Hmm, I can agree with it, but only those altcoins that are taken from the hyped era, you should not take entries in the trending Altcoins for long-term scenarios especially if you are trying to manage risk for the bear market, always enter before a trend started by recognizing the early factors jumping in pressure can cause serious losses.

Not everyone can afford the spot market, if you relly want to make decent amount from the market without making heavy investment, because in spot what matters is the capital you own to trade, that's it.

[mindrust]

Search "gambler's fallacy" on google.

The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event has occurred more frequently than expected, it is less likely to happen again in the future.

https://en.wikipedia.org/wiki/Gambler's_fallacy

That's pretty much what you are doing.

You think just because those coins went down a lot, they can't go down more from there but, they really can.

Let's say we are playing coin flip and we had 100 heads in a row. What are the chances of getting another heads in the next turn? 50%.

[electronicash]

obviously, you have to determine the market trend before diving into the spot and futures. but i don't know if it's going to be easy for anyone to be in the futures market. the kind of market where whales can turn the market up and down in the hourly chart just so they can win.

OP's strategy works when the market has a seesaw market trend or bullish market like these days but in the bear market, that kind of strategy is not going to work.

[el kaka22]

Try to look beyond that as well. If you keep trying to go with "whatever went low today, will eventually recover" method, while it may work for a long time, you will face the bear market eventually and you will realize that it is not that simple and it may actually hurt you eventually.

This is why you should open your eyes to other possibilities as well, obviously that doesn't mean that you are going to end up with a great result at other strategies as well, but it wouldn't be a bad idea and you should definitely consider how you could make it better. I personally try to find more and more strategies even after ten years, and just as recent as last year I have found one that was better than what I had, you just adjust it to perfection as much as you can.

[BABY SHOES]

Spot trading is better than futures trading but it depends on their expertise which one to do but spot trading is a better approach.

Never keep altcoins for long and set your selling target even if it's not too big because we know altcoins always have a high risk if there has been a decline it will be difficult to recover to the initial price of your purchase, maybe you expect hype and then bullish in the future I know will wait for this moment but we never know when it happens.

[goaldigger]

Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.

That's why I still advise if you are planning to hold long term, you should still have the cut-loss price level so you will not be trap for that long if the bear market begins again. Fortunately, we are still aiming to the top and there's still a big chance for us to witness bull trend, averaging method takes a lot of patience and consistency, if you are committed to hold longer, then I suggest to invest with good coins only so you will not be trap on a bad project.

[Zaguru12]

It is a great idea to stick with spot trading only for now it is way less riskier than future trading most especially with high leverages. Then I think find you approach wrong, yes every strategy in the trading space can yield profits but some comes with way higher risks involved. You said you usually just select the coins with a very dip drop in 24 hours and long it, which to me is bad strategy.

Yes base on chart patterns every drop will definitely raise but I tell you this, this depends on the type of project. You will need to also run some fundamental analysis to check maybe the developer of the project aren’t facing long term issues. Overall spot trading on Altcoins is as risky as buying Altcoins for long term holdin, it’s never advisable like that

[lalabotax]

I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.

Of course, future trading is like riding a roller coaster which usually makes us restless and quite tense doing it. Even though the results are sometimes very promising and potential, the process is quite difficult. Therefore, after going from futures to spot trading, the situation will definitely be very different, including the emotional stress too. Indeed, it might be like walking in the park in a fairly calm mood. It's just that you also have to pay attention to what coins are taken in spot trading first. Because if you take the wrong coin and take the profit too late, in time it will also end tragically because the koi becomes a shit coin.

[Assface16678]

Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.

That's why I still advise if you are planning to hold long term, you should still have the cut-loss price level so you will not be trap for that long if the bear market begins again. Fortunately, we are still aiming to the top and there's still a big chance for us to witness bull trend, averaging method takes a lot of patience and consistency, if you are committed to hold longer, then I suggest to invest with good coins only so you will not be trap on a bad project.

Exactly, long term hold or trade could also have its disadvantage because like youve said a trader might be trapped inbthe trade because either the trade is in bearish and of course no trader will sell or close their trade qhen they are at a disadvanatage price, so its important to know how long will you trade and plan the exists if applicable so in short long term trade also requires a lot of analysis and planning in the market and of course you should often visit your trade, I've done long trade that I forgot about it and thankfully it turns out fine, I mean the profit is not that much because I forgot it and I close the trade because I dont see the sense to keep it, so in short, short term or long term needs an extensive analysis or technical qnalysis because it is not that easy to earn and maintain a trade.

[3la9l_kolbaCa]

I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.

Always monitor the market during fluctuations of spot market, I saw recently the strong market corrections which I think not good to pursue when you're holding small amount of coins.
The risk behind it couldn't be controlled if your emotions is weak, so always be careful of your actions and don't rush everything you have in your savings.

[tsaroz]

Looking for oscillation is a good idea to buy low. I too am doing that looking at the 24 hour largest fall in price and buy the dip and wait for it to bounce up.
But doing so, there are a few things to consider. The coin you are investing should be a popular coin you have atleast a slight idea about what it is and how it works.
The second thing is you should check news if it's a normal price wave or there are some bad news that might affect the price in long run. Hacks, team failures, large bugs are some reason a coin could go on a bear for a long period. If there are no bad news, it's okay to invest.

[tvplus006]

...In case there is bull market i'll just pick the coin wich is less higher then other altcoins.

In the bull market, even a beginner feels like an experienced trader, since any open order is necessarily closed with a profit. But what will you do when the trend changes and your strategy stops working?

[wxa7115]

I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.

Those kind of strategies work, until they do not, what I mean by this is that you are using a strategy that on the surface it makes sense, but what you are doing is simply assuming that the coin you bought cannot disappear, collapse completely or remain stagnant for years.

But you are wrong, we see coins doing exactly that all the time, and if you were to invest in one of those coins, something that is inevitable seeing that you make no effort to perform a fundamental analysis, you will lose all your capital.

[Wallstwhale]

I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.

Those kind of strategies work, until they do not, what I mean by this is that you are using a strategy that on the surface it makes sense, but what you are doing is simply assuming that the coin you bought cannot disappear, collapse completely or remain stagnant for years.

But you are wrong, we see coins doing exactly that all the time, and if you were to invest in one of those coins, something that is inevitable seeing that you make no effort to perform a fundamental analysis, you will lose all your capital.

I don't hold long usually just few days to one week.
And yes i was doing futures with high leverage and lost a lot and won alot.... but spot market it's just easy and i can control 100% the trades and outcome when i trade on spot market that's why the military training need to be harder then actual military mission situation in the real war.
I been training myself with futures and for me spot market it's like relaxing easy.
That's why buy only with 30% max per one trade and use dca method 0.5% only so to make sure i don't run out of USDT i got to think and plan and act like bank If i want to earn like bank always need to have a lot cash reserves and by using only 0.5% it gives me peace of mind i don't run out of cash even the coin will fall down -200% that's how liquity assured i am in this.

[jrrsparkles]

I don't hold long usually just few days to one week.
And yes i was doing futures with high leverage and lost a lot and won alot.... but spot market it's just easy and i can control 100% the trades and outcome when i trade on spot market that's why the military training need to be harder then actual military mission situation in the real war.
I been training myself with futures and for me spot market it's like relaxing easy.
That's why buy only with 30% max per one trade and use dca method 0.5% only so to make sure i don't run out of USDT i got to think and plan and act like bank If i want to earn like bank always need to have a lot cash reserves and by using only 0.5% it gives me peace of mind i don't run out of cash even the coin will fall down -200% that's how liquity assured i am in this.

So let's breakdown your strategy when things didn't go in the way you expected like in those few days?

I wonder what is the next step.

Sell at whatever the current price and consider it as loss or do you set stop loss to secure your capital from liquidated, I am eager to know the complete strategy with this random altcoin 24hr pick.

[shinratensei_]

your strategy of buying the dip is indeed good strategy, it follows the basic principle of trading that is buy low and sell high but most newbie fail to follow it because mental exhaustion they just can't seem to invest into a coin that looks like as if its doomed worrying it will go to zero meanwhile a coin getting dumped means that the coin have higher chance of recovering back.
so yes, your strategy does indeed work but until the market suddenly turn bearish then you will more likely to lose your money since you buying the dips meanwhile the market getting even more correction.

as for your strategy of buying a coin that doesn't have rally yet at bullrun meanwhile the other coin have been having some good rally is really true, its just matter of time until some whales picking it up and try to pump it or at least some people realize that the coin is undervalued and then try to invest into it.
but it only works at the early bullrun though around mid to the end phase of bullrun most of coin already having bullrun, the one that doesn't usually just not gonna have bullrun doesn't matter whether you gonna wait it or not.