>Be me >loose job back in februari >Look for job, while researching cryptos >Decide to invest $800 and do some swing trading >Trade up to roughly $4000 >Sold for about $2000 worth of coins today >got back my initial investment plus $1200 pure profit >left roughly $2000 for a long two year hold >have 400 ARK 400 NXS and 700K COLX >meanwhile, found another job. >Feels like i'm closing a book, relieved. An end to a chapter. >curious as to what the future will bring.
Tell me Jow Forums, how did i do and will i make it in 2020?
Too much of a brainlet to swing trade if your asking this. Stick to hodling. Go all in on link... you can thNk me later fugger
Hudson Cruz
>februari
Colton Morales
This is why you stay in school
Andrew Harris
You have to pay taxes faggot ON EVERY TRADE
Jaxson Allen
>zero cost basis
John Sanchez
not everyone is an american faggot
Parker Morris
Nope. Not im my country frend.
William Kelly
COLX will hit 45 cents beginning of next year.
Oliver Davis
Haha literally the dame story here, minus the new job and success. But I have $800 ready to lose. Where did you start you research. Im too much a brainlet about buttcoin to understand Jow Forums.
Eli Sanchez
OP here. 45 cents seems to be a stretch, but it has some awesome potential that's for sure. I wanted 1 low-cap moonshot coin, and i seriously spend hundreds of hours researching the market; colx came out on top in most regards. My estimate would be somewhere around 20 cents tho.
Noah Clark
Only if he's a burger. And so what, it's just tax on realised gains you dumbass - it still works out profitable to do it. Such lame fud - you need a new line. "muh taxes" is such an old meme now.
Austin James
First you must decide on your strategy and stick with it. When it comes to research, one should acquire info on all sorts of things and weigh those against eachother:
>ciculating supply >max supply >chart history and behaviours >social media outreach >marketing efforts >function of the coin >services delivered >services weighed against eachother >who are the teammembers behind it and how much time do they devote to their project >Financial health of both members and project, aka the funding mechanisms >partnerships >etc, etc, etc
the above mentioned is particularly important when it comes to long-term investments. As for swing trading, just make sure you're buying a legitimate project that can't be pumped and dumped so easily... then buy low and sell high.
Jordan Hall
>First you must decide on your strategy and stick with it I was thinking to hold some(looking at $600 between COSS, Ambrosus, possibly ARK , LINK, ETH) and the rest play with in the swings.
What was you strategy?
Justin Nelson
Well, i wanted to x5 my investment, cash half and leave the rest in a long-term portfolio. I did exactly that. Don't get too gready and stick with your plan user. And above all, be realistic. Any profit is good profit, if you made some, consider it a good trade... don't "what if" too much at that point.
I can't advise you on your own strategy, because what suits one doesnt neccesarily suit someone else. However, i do think that entering the market now is perfectly timed.
You could invest $100 into 5 long-term positions and swing trade the $100 left over. That way, you're not risking it all with swing trading. A beginning is a very delicate time. Or you could create a long term portfolio by putting $200 into 3 positions. Whatever suits you best bro.
Henry Edwards
Hmph. Thank you for your advice. I used to play a lot of poker and it was quite lucrative for me. Crunching the numbers, knowing when to take the risks and accepting the beats. I'm headed into this with the same mentality.
One last question, what site do you prefer use to monitor the prices?
Sebastian Diaz
I just used CMC, blockfolio and the exchanges i was trading on. Swings usually take a few days, so it's not neccesary to watch those charts 24/7.
Buy low, set realistic target price in blockfolio. When you get the alarm, sell. Don't obsess about it and have patience. Just make sure you're not buying into a pump and dump. When a certain coin suddenly shows up on Jow Forums with 10+ threads, stay. away. from. it.
Check chart. Buy red. sell green. Simple :)
Joseph Hughes
Thank you again friend. Hope I can make the same thread in four months.