Topic: How do you day trade? - page 2. (Read 2397 times)
I'm no expert but I would assume to day trade you would want bitcoins fluctuating rather than constantly going up.
You can try btc-e and trade bitcoin against any of the other currencies. Of course it is very risky.
Look for Price-Differences and do arb?
Smartest "trade" I ever made was trading my MtGox wallet for an offline wallet. My coins are now safe, most importantly, from me.
+1
Smartest "trade" I ever made was trading my MtGox wallet for an offline wallet. My coins are now safe, most importantly, from me.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
If you are new, I wouldn't even bother. Why trade when you can just hold?
Yeah, but then how do you increase your profit without mining?
If you are new, I wouldn't even bother. Why trade when you can just hold?
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
I have bitcoins, no USD. I wanted to profit a bit by selling high, buying low, but due to the price volatility I actually lost 0.13 bitcoins already.
I am already regretting I sold 11.74 bitcoins at 137, losing $1000 dollars by now, and decided to make up for it by trying to increase my profits from some leftover coins.
But make no mistake, I am new to "day trading". Most of the terms related to trading and so on are not even known to me.
So the point is, how do you profit from this when I cannot buy, as I cannot sell because the price is increasing and super volatile making me hoard the coins OR if I do decide to sell, lose money when it goes up and up?
I am already regretting I sold 11.74 bitcoins at 137, losing $1000 dollars by now, and decided to make up for it by trying to increase my profits from some leftover coins.
But make no mistake, I am new to "day trading". Most of the terms related to trading and so on are not even known to me.
So the point is, how do you profit from this when I cannot buy, as I cannot sell because the price is increasing and super volatile making me hoard the coins OR if I do decide to sell, lose money when it goes up and up?
Jump to: