11-28-2021, 04:04 PM
Don't chase pumping coins, chase underperforming coins!
<!-- SC_OFF --><div class="md"><p>It might not be a popular strategy but here is how I choose what coins/tokens to buy and sell. </p> <p>I do hold some eth and btc, but with my extra money I like to chase underdogs. First, I try to stick with coins that are at least in the top 50 market caps to minimize risk. Then, I look for the worst performing coins of the week and allocate a small amount to each of them. I usually pick 3-4 different coins. </p> <p>Eventually, every coin that has been around for a while and has a big market cap end up dumping and pumping one day or another. That is the whole point of my strategy. </p> <p>When a coin I bought low finally pumps, I sell and then reallocate my profit to the next underdog, and so on. Personally, I sell between 10-20% gains. </p> <p>Of course, it is still very risky, and you should always read about a coin that has recently plumetted to make sure theres no obvious reason. </p> <p>A lot of people will probably downvote me because I dont choose coins based on their technology but it worked for me so go ahead and do what you must do!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Davinter30"> /u/Davinter30 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r3prae/dont_chase_pumping_coins_chase_underperforming/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r3prae/dont_chase_pumping_coins_chase_underperforming/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>It might not be a popular strategy but here is how I choose what coins/tokens to buy and sell. </p> <p>I do hold some eth and btc, but with my extra money I like to chase underdogs. First, I try to stick with coins that are at least in the top 50 market caps to minimize risk. Then, I look for the worst performing coins of the week and allocate a small amount to each of them. I usually pick 3-4 different coins. </p> <p>Eventually, every coin that has been around for a while and has a big market cap end up dumping and pumping one day or another. That is the whole point of my strategy. </p> <p>When a coin I bought low finally pumps, I sell and then reallocate my profit to the next underdog, and so on. Personally, I sell between 10-20% gains. </p> <p>Of course, it is still very risky, and you should always read about a coin that has recently plumetted to make sure theres no obvious reason. </p> <p>A lot of people will probably downvote me because I dont choose coins based on their technology but it worked for me so go ahead and do what you must do!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Davinter30"> /u/Davinter30 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r3prae/dont_chase_pumping_coins_chase_underperforming/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r3prae/dont_chase_pumping_coins_chase_underperforming/">[comments]</a></span>Kind Regards R