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Trading

  • 14-04-2021 2:56am
    #1
    Registered Users Posts: 597 ✭✭✭ joeyboy11


    Any traders on here that buy sell coins/tokens on a short term basis (daily/weekly)?

    I’ve accumulated about 30k worth of btc and 4/5 alt coins (for long term holding) over the last few months and would like to maybe put a separate portfolio aside with more short term gains (hopefully) in mind. Only money I can afford to lose obviously.

    Anyone have any basic tips?
    Are there different approaches to trading? Like buying and selling a coin same day making small percentage gains but doing this many times. Or buying a coin with some announcement/ listing / update and hoping it 0.5x/1x/2x within a week or so and keep doing that. The latter would be my preferred option.

    Something I heard online was that you can track whales wallets. So you “can follow the smart money”.
    Is this a standard thing in the crypto scene?


Comments

  • Registered Users Posts: 74 ✭✭ borderfox11


    joeyboy11 wrote: »
    Any traders on here that buy sell coins/tokens on a short term basis (daily/weekly)?

    I’ve accumulated about 30k worth of btc and 4/5 alt coins (for long term holding) over the last few months and would like to maybe put a separate portfolio aside with more short term gains (hopefully) in mind. Only money I can afford to lose obviously.

    Anyone have any basic tips?
    Are there different approaches to trading? Like buying and selling a coin same day making small percentage gains but doing this many times. Or buying a coin with some announcement/ listing / update and hoping it 0.5x/1x/2x within a week or so and keep doing that. The latter would be my preferred option.

    Something I heard online was that you can track whales wallets. So you “can follow the smart money”.
    Is this a standard thing in the crypto scene?

    the real money is made by buying and holding for long periods


  • Registered Users Posts: 597 ✭✭✭ joeyboy11


    the real money is made by buying and holding for long periods

    I know that’s the safest and easiest which is why more than 99% of funds have gone to that.
    But liquidity to invest will be scarce till July so I want to mess around with about 300 and see if I can grow it.


  • Registered Users Posts: 74 ✭✭ borderfox11


    joeyboy11 wrote: »
    I know that’s the safest and easiest which is why more than 99% of funds have gone to that.
    But liquidity to invest will be scarce till July so I want to mess around with about 300 and see if I can grow it.

    cool just so long as you aware that there is no such thing as a quick buck in trading

    things like "tracking whale wallets" if it was that easy then everyone would be doing it ye see

    Trading "sounds" easy - just buy low and sell high? In reality it's orders of magnitude more difficult


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