Trade the rumor – sell the news

This is an old saying in the stock-trading scene, which also should be followed in the cryptocurrency-trading-world! sources can be used such as twitter hashtags for the crypto-coin and crypto-forums like reddit for example.

There is lot’s of value created by ‘pump- & dumpers’ so watch out! Always set a goal, which you want to achieve, for example 25%. If you don’t check you exchanges daily, then the best thing you could probably do is add a limit order. A limit order is executed, when a limit price is reached. For example, if you buy a dogecoin for 0.05 BTC. You can make a limit order for 0.075 BTC. This means, when the dogecoin gets a value higher than 0.075 BTC, your order will instantly be executed. This makes sure, that you dont pass out on the moment – it can always fall back to 0.05 before you can see the trade opportunity.