Topic: From 0.1 to 1 BTC in 6 months with Day-Trading - page 21. (Read 8893 times)

In Forex trading you can use the leverage, so you can turn a +0.5% into a +50%. Of course you can also turn a -0.5% into a -50%
You control the risk/opportunity, you set your potential risk and your potential profit. It is the same for crypto.
People usually say "I don't invest in bitcoin/crypto because it is a very risky investment". That's a stupid thing to say about investments. If you have $10,000 to invest, no one is telling you to buy $10,000 worth of bitcoin. You can invest $100 in bitcoin and you are risking only 1% of your total asset.
Again, you are in control of the risk.
I think that Forex market is very different from cryptocurrency and I prefer Forex for 3 main reasons:

1. Brokers are regulated (at least if you know what to choose). They are regulated by national institutes and in most cases you get back up to $50,000 in case of bankruptcy. I use bittrex for crypto, but when I opened an account with them, the only thing about regulation that they had on the contract was: "Bittrex is based in the United States and our Services are subject to U.S. law." I might not be an expert about cryptocurrency, but it looks obvious that your money is not safe on these exchanges.

2. Technical analysis makes more sense in Forex trading. Technical analysis is used to understand where supply and demand are addressed, in order to try to catch the next price movements. In crypto world, it seems that the price is only driven by fast speculation. It's hard to find an uptrend that lasts for weeks or months (excluding bitcoin).

3. Fees are much lower.

Forget about forex. Telling you like person who spend more than 2 000$. Read in the internet how they work and how they cheat.

Just to know, what do you think about forex? is that market similar to crytpcurrency??

i'm wondering what capitals you need to live just with forex, i seen that the average volatility of forex is about 1/3% daily, so, i guess you have a  biiiiig amount of money for live with forex....

i'm a nOOb in trading, just asking

This volatility in cryptocurrency is a mine of gold, how long did you think that this funny games will continue to be like that?

Actually my initial amount was 0.09393284, but I didn't want to start the thread with "from 0.09393284 to 1BTC"

BTC = 0.09611166 (+0.00040905; +0.43%)

Today's trades:
GRS 7250
SYS 3400
BCC 18600000

No, you are wrong. OP didn't started with 0.1 btc but he started a bit less than that (0.094+ btc).

Op also has small btc as invesment, but he doesn't add that on his daily invesment stats.

Don't worry you are not asking any stupid questions here.
What i meant to say to OP that he started with 0.1 BTC and has been now at BTC = 0.09570261 (+0.00028338; +0.30%) , but still he lags in his initial value. if he would had simply kept the btc then he could had more money than now.

Why is that?? (Sorry if I'm asking stupid guestions, but I'm just trying to understand this trading thing.)

It seems that OP total BTc allocation is dying, i see you might have been accumulating good amount in USd or alts but your total BTC allocation will start dying out soon.

Of course I can lose, but I don't feel better to have a strong coin rather than a shitty one in the short-term. For example, we can agree that bitcoin is the best one at the moment. If I had a position at $7500 and then I wake up and the price is $6000, I would let it go. I'm not holding for days/weeks/months a coin just because it has the potential to recover the loss. It might recover the loss, but meanwhile, with that amount that is trapped in that position, I miss a lot of opportunities. So I'd accept the loss and boom, next one please  

I started yesterday morning and currently my balance is 0.0354 -> 0.0369

I plan not to sell cheaper no matter what but we'll see if my strategy proofs to be stupid...

That's probably true, but wouldn't you feel more safe if there would be a bright future for the coin? In that rare case that you would fail predicting the correction. Or you never fail?

Sounds good that you have a target in trading. I am newbie in trading and would like to learning.  

The keys to success in trader is :
1. No panic and do not open the order without calculation
2. It is impossible to know for sure everything, better to be anticipated
3. To have humility and think more before making a decision
4. To be patient in trading
5. To discipline yourself and have a trading plan that should not be violated
6. To remember that the trading market is neutral and if you do not forget about it you will be free to make trading decisions without fear of making mistakes.

Good signal from GRS Groestlcoin. Roadmap is about to be published in the upcoming days. Current price only 7800 sats each.

haha. thanks you so much ! it had help me

you'd find it easy on forex as you can earn while shorting. one way to profit in crypto while on the right cue is to watch which coin is being pumped and most of these coins are on yobit.net.  or you can simply watch the coinmarketcap and see which reputable token has the current status of red % and then invest to it and then sell the next day.

Its not impossible for you to reach that goal you have since you are already a trader but with the market these days I think it will be hard to get that target for only 6 months. Altcoins keeps on dumping as bitcoin goes up but let's see if you can make it. I am going to follow your journey with your crypto trade.

If you are good at trading, making 1 BTC should not be complicated.
Good luck!

Regarding fees, they are considered in my trading algorithm. Forex has the bid/ask spread as well as cryptocurrencies, even though cryptocurrency's spread is much larger  

About shitcoins, I don't hold until they become profitable, I'm willing to sell at a loss, no hard feelings.

Great work for you. A day trader can earn huge profit from trading. But making 1 bitcoin with 0.1 bitcoin is not a easy work. It is so difficult, i think. But if you have enough experience in day trading you can reach your goal. Care of it and do sincerely.

Please share your development here for our review. Please mention also your coins and your strategy. Thanks