Day trading and heavy manipulation - page 6.

Pelevelyl

newbie

Activity: 84

Merit: 0

Quote from: GwSoJ on April 05, 2018, 05:28:38 AM

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

As a former stock trader, I will say that daнtrading is a roulette where zero is a broker and exchange Commission.

GwSoJ

newbie

Activity: 55

Merit: 0

The point I was trying to make was you can't follow the market or predict the market. Unless you are an insider with the whales then you can't win. The dumps happen too quickly. All you can do is buy and hope or sell and hope. I would be impressed if someone showed me a winning formula for day trading bitcoin when you can't control the pump and dumps.

crzy

full member

Activity: 2128

Merit: 180

Experienced traders knows already how this market works and even riding with the whales. Day trading is not good for newbies and yes price manipulation is true but this is just for short term because whales still need to pump the market so they can have more profit.

rommelzkie

full member

Activity: 294

Merit: 125

I think you are not a profitable trader yet. A profitable trader does not lose its money or capital even if the market is trending or ranging on both bullish and bearish momentum.

In every investment vehicle. There is a lot of manipulation happening. My advice to you is to follow the market and not predict its movement

piloder

legendary

Activity: 966

Merit: 1006

Day trading for noob is just like gambling because of high level of volatility, you can't always make profit with day trading even if you are expert in market. Its always about difference between the profit and loss you will have in a day. You need to put small losses at different levels and should make an exit at some big unusual spikes.

You will start learning from your mistakes if you will continue day trading.

GwSoJ

newbie

Activity: 55

Merit: 0

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Topic: Day trading and heavy manipulation - page 6. (Read 1849 times)