First off I want to tell you guys i will not be doing the trade series blog anymore, i trade too often for me to keep track of.
This is my strategy for altcoin trading. 3 days ago i had 12$ in bitcoin and now I have 38$. Imagine if i was trading with 1,200$!
- Only buy altcoins that have dropped more than 10%, the coin is bound to go back up because it is in the buyers market after the drop. it works almost every time.
2.Never buy altcoins that are rising. I say this because they have a high chance of having a big sell off. If it has risen more than 10% i would stay away from it.
3.Only trade with coins in the top 50. usually coins that are really low are just pumped for no reason and get drained quick. one day they have 150,000$ in volume then 500$ in the next 2 weeks(actually had an experience like this).
I hope you make some serious profit after this post. Steem on!
It's that simple, thats how you increase your chance to profit on altcoins