Topic: Day Trading experience with small tf trades (Read 137 times)

LOL.. so no one seems to have experience with this approach or maybe don't fancy sharing.

Maybe I can post some results here so you guys who daytrade tell me what you think vis a vis your benchmarks..

I'm using an approach based in compounded growth rates. Basically taking quick in and out trades of 3% gain 2% stop-loss (buying and then selling alts) in small time frames to accumulate btc. So I’ve been experimenting with it this week and so far I’m quite happy - of course I think I still need to experiment more with it but so far I’ve taken about six trades - got stopped out in 2 with a 2% stop loss and got in and out successfully in the other 4. So far I’m up 8.05% of my initial investment, which was a small one as I didn’t want to start bigger because I’m exploring the approach.

I'm using these free signals which are posted every couple of hours, some trades have been quite fast and some others have taken as much as 4 hours. On Fridays they release a bunch of signals for everyone in the channel (not sure but I think every 10 minutes or so). Excited to see how this works having more charts, so far it has been good but as I’m new to the approach it’s been a bit of a challenge to understand how to read the depth chart properly - sometimes I could have avoided a 2% stop if I had a bit more expertise reading the chart. Glad to share this experience as I've been trying different trading methods and from what I've learned in trading choosing an approach that works for you and applying it consistently is a key for success, if you wanna check it out this is their discord Voodo crypto

I would love to hear if anyone else has experience with this kind of day trading.

Cheers!!