As the CEO of a cryptocurrency exchange, you must devise a strategy that helps you earn more profit in the long run. But how would a young entrepreneur do that?
Apart from several others, the best strategy for Hamster Kombat after launching is HODL. Though this sounds more like an actual crypto trading term, it applies to Hamster Kombat since it is a crypto game.
In this article, I will share some useful strategies to help you make the most of your HMSTR coins. Let’s start without any delay.
Read :How To Buy HMSTR On Binance, KuCoin, Gate.io? Guide
First Thing First – Get HMSTR Tokens
As a crypto trader, you must first buy the crypto tokens you want to trade. As an HMSTR trader, you don’t need to invest money to purchase the tokens. Just install the Telegram app and start playing the game to earn as many HMSTR tokens as possible.
Remember that it is free until HMSTR gets listed. After the listing, you have to invest money to buy HMSTR tokens, just like any other cryptocurrency. Cash the moment and start tapping now!
You can start trading once you have the tokens and the coin is listed. Read these strategies below carefully and make the right decision for yourself.
Strategies You Must Know As A Hamster CEO
Though the HMSTR coin is incompatible with trading with other cryptocurrencies or is not accepted by crypto exchanges, it may become a strong crypto contender. And when that time comes, you must have the skills to make the most out of your accumulated coins.
1. HODL
HODL is a misspelled version of “hold,” a prevalent technique crypto traders use. As per this technique, the trader buys and holds onto a specific cryptocurrency for longer periods of time. Once the market rises high enough, the trader then sells his coins.
As a Hamster Kombat player, you will also have a cryptocurrency in your wallet. Though the coin will be of less value in the beginning, it is anticipated that the value will rise with time. Holding onto your accumulated coins for a few years can help you generate a lot of money.
A tip for this strategy is not to sell your coins on minor market fluctuations.
2. Arbitrage
Do you have a keen eye for details? If yes, this strategy might work for you. As a HMSTR trader, you have to compare HMSTR rates at different crypto exchanges.
What happens here is that the rates for crypto aren’t the same on all exchanges due to market inefficiencies. As a successful HMSTR trader, you must make a profit out of it.
Buy HMSTR tokens from an exchange at a lower price and sell them to another exchange where the price is high. This way, you can make instant profits through bargain-hunting with minimal risks involved.
3. Scalping
A second very useful strategy for Hamster Kombat coins is scalping. Professional crypto traders also use this technique, executing trades in minutes or even seconds.
Scalping is all about winning small battles that add up to make large benefits. As an HMSTR trader, you should hold onto the coins for small periods before selling them.
4. Day Trading
Day trading is one of the most common strategies for newly listed coins. Once the HMSTR coin gets listed, you can also use this strategy to earn profit from your accumulated tokens.
As the name shows, this trading happens within a trading day. You must purchase and sell the crypto tokens within a trading day, generating profit from the short-term market fluctuations.
For this, you need extensive knowledge of price charts and the ability to leverage technical analysis tools. This way, you will continuously monitor the market and decide the right time to purchase and sell the HMSTR tokens.
Read : Hamster Kombat Pre Market – KuCoin, Bitget, Gate.io
5. Trend Trading
Once the HMSTR coin gets listed, you will see it on the monitor charts. In this technique or strategy, you have to monitor the price trends carefully. Whether the price goes up or down, you must analyze the trend graph.
The strategy is to buy the coins when the price is on the rise and sell them the moment it reverses. To maximize your profit, you must enter the rising trend early and sell the coins as the downfall starts.
6. Range Trading
As an HMSTR trader, range trading might be a good option as it involves the least risks. In this strategy, you will profit from price fluctuations within a specific range.
For instance, you can set a low price and a high price based on your research. As the coin reaches the minimal price you had previously set, it’s time to purchase the coins. The moment it touches the high price, you sell the coins, making a profit from the difference.
Remember that this strategy is suitable for coins with low volatility. At the time you apply this strategy, make sure you check the metrics for HMSTR coin volatility.
7. HFT Trading
HFT trading is for high-end traders who are equipped with advanced technology for the trading game. HFT, or High-Frequency Trading, is about trading crypto tokens at a lightning-fast speed. And for that, you might need supercomputers.
As an HFT trader, you are supposed to make trades in milliseconds, taking advantage of minor price fluctuations. However, you need advanced technology for this, which will be an additional investment for a beginner trader.
8. Long Straddle
It is an exciting strategy as it may be advantageous if the market moves in the right direction. The right time for the Long Straddle technique is when you are expecting a massive shift in the market but are unsure of the right direction.
In such a case, you should buy both a call and put options. Make sure that the strike price and the expiration date are the same for both. Now, whatever the trend goes, you will benefit as long as it covers the price of buying both the call and put options.
Frequently Asked Questions (FAQs)
Is HMSTR a profitable coin?
Well, I can’t say for sure, but I can say there is no risk of losing anything. The coins are available for free on the Hamster Kombat app at the moment, and you need them to get HMSTR tokens. In case it’s a fraud, all you lose is a bundle of free coins.
How to trade HMSTR successfully?
Unlike other cryptocurrencies, you don’t need to start small coz it’s free for now. You should consider choosing a secure wallet like the one TON offers and selecting the right strategy for your coin. Market research should also be prioritized.
Can I trade HMSTR daily?
Yes, once the coin gets listed, you can trade it just like other crypto tokens. You may do it using short-term or long-term strategies.
Conclusion
In the world of crypto trading, there are hundreds of strategies, and the more you research them, the better you understand. Plus, crypto trading is all about understanding the trends and graphs and making the right decision at the right time.
Though HMSTR isn’t officially a cryptocurrency yet, it will soon be listed as the developers promised. Till then, enjoy playing Hamster Kombat and keep earning as many coins as possible so you have a fortune when it gets listed.
So, what’s your best strategy for Hamster Kombat after launching? Point it out for others in the comment section.
