Is over trading a good idea? If not, why do you think it isn't? What are the pros and cons in over trading? Is it advisable u buy or sell your coin everytime you saw a slightly movement in the value of bitcoins?
What do you mean by over trading? From your posts I assume it's doing a ton of posts during a day. Is that it?
I usually call that scalping the market, and it's a normal technic used in day trading. Traders who use that method like doing a lot of small trades to reduce their exposure to the market, and by that they reduce the risk of having big swings against them. Also, when a market is quite volatile, like the crypto market, you can do a lot of trades in a small price cycle, so you might end up having more profit than just going for the swing. The problem for me, with that type of trading, is that it is very time consuming, and I don't really know how to determine your stop losses. I started doing that, but I now prefer to just go for longer positions, and ask for bigger swings. I end up giving a bigger margin for my exits, and still have a nice profit when it goes well, and I don't need to stay in front of the pc all the time. Also, when all you have is a big bull charge, and the market goes in just one direction, you will end up leaving a lot of money with your scalps, because the market will go up after you close a position, and before you manage to open another one.
