Start with $1000
>pick 15 coins
>when one goes up 2% put a 10% stake in.
>when it goes up another 2% sell
>if it doesn't go up in 24 hours, sell
>if it drops 2%, sell.
>set notifications for price changes of > 2%
Explain to me why this wouldn't work.
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cryptos take a hit and most of your coins go down 2%
How bout you fucking try it
You clearly have no understanding of the volatility in this market.
might be a good idea to play it safe and always keep a certain percentage in BTC just in case.
Overall though, a 2% loss on a day like today isn't that bad.
2% loss hurts more than a 2% gain, relatively speaking. It will only work on a bull run.
So are you saying it's so volatile that most trades will hit the -2% before they hit +2%, over time?
Or that 24 hrs is too long of a time to hold?
fees are gonna eat you alive
Factor in transaction fees and get back to us algoman
Yeah shit you might be right. Bittrex fees are .25%, so 8 trades in general negate 1 trade for a 2% gain.