Are You Active On Crypto Trading For 24 Hours?
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May sounds strange but the question came to my mind, if you are active on 24 hours crypto trading. As we all can see crypto price constantly pump and dump, there are many coins in the market that pump and dump following small price range. This small range may doesn’t affect small investment but a price distance of single cent or less than that can impact on big investment.
Sometimes a single cent of distance can help many to gain thousands of dollars, likewise a single cent of dump can cause the loss of thousands of dollars but investors invest applying techniques that help them avoid probable losses. This is not something impossible to trade crypto 24 hours even many crypto traders trying to be super active in crypto trading and they doesn’t buy and sell randomly.
But it can be possible when you also have investment on multiple crypto coins. If a crypto coin you are holding, you have second option always open when you investing on multiple crypto coins that constantly pump and dump. Invest on multiple crypto coins can make a crypto trader always active on trading and it can make them active for 24 hours too. Still it can feels like risky for many investors but this is the way you can keep continue trading and risk taking can result gain too but it isn’t guaranteed as we trade at our own risk.
A crypto trader is not only a gainer always but understanding market move and take investment decision wisely can be profitable even when you are active on trading for 24 hours. Losers are not loser until they sell their asset at dump price so most of the investors get chance to hold and make profit later. So you’ll be a crypto gainer or loser it will be on your own hand. Once I tried to catch the 24 hours highest pump and lowest price dump of my desired crypto coin and I was gainer most of the time but my mistake was investing on specific coin not multiple coins as a result I had no option except holding crypto coins.
After observing a lot and learning from my mistakes I decide to trade multiple crypto coins at least two coins to be active on crypto trading. Now I'm active on trading but also holding the big investment I made unwisely. Not regretting because I can afford to hold until my crypto coin hit the price value I've target for it. It will take time and we know that time money.
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It is somehow risky but it worths it.