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I started trading just recently with smaller amounts. Basically what I do is really stupid and not technical at all, but it works: I lurk in various chat rooms
by jurgenwerk 9y ago
I started trading just recently with smaller amounts. Basically what I do is really stupid and not technical at all, but it works: I lurk in various chat rooms where people discuss and alert which coin started "pumping" and what's hot right now. Then I go and check the graph for that coin and try to estimate if it will grow more. I also look for popular coins that fell low after initial high. Then I buy them and immediately set a sell order in the exchange to automatically sell them when the price rises to a certain point, to earn a couple percent of my trade investment. Then, the most important part - I forget about this. I just wait until the sell orders are cleared out, it usually takes a couple of days or weeks. This way I'm earning around $200 per week. Of course, all is correlated with the price of BTC. If it drops I'll be at loss :)