Hey Luc, Thank you for your videos, I am learning alot about cryptotrading.
How do you do your trades? Do you stick to the pair or do you switch between coins?
For example if you buy Ethereum with bitcoin do you then sell it back to bitcoin at a profit or will you trade it to something else (like USD)?
I have noticed on some of the coins that I have in my portfolio that I bought with bitcoin that the value of bitcoin keeps going down but up against USD so it made me think that perhaps I could sell the coin to USD instead of waiting for the price of bitcoin to go up higher than I bought to make a profit.
The problem is to know by doing this how do I know selling it this way its at a profit?
So I was wondering if you do this and if yes do you have some sort of strategy in place that ensures you are getting a profit?
For me, this comes with experience and you have to actually get out there and do trades yourself. You are on the right track tho that observing the price or demand shifts and how each coin or USD gets affected. Studying the coin's chart and history will help you buy and sell at the right moments. Right now, I have sold some of my BTC for USD at $3400/coin since btc has risen so fast, but more importantly chart history says btc will likely fall hard again. I could then use the USD to buy coins lower, and now I'll have more coins.
Even though this answer isn't from Luc, I hope this helps.....I want to contribute from time to time since Luc has helped me on my crypto trading ventures.
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