Topic: My experience day trading - no moon shots - page 5. (Read 2053 times)

I only wish my bank would give me 1% per day interest rather than per year!

Does anyone else follow a similar/different strategy they would like to talk about?

Learning to cut my bleeders was the hardest lesson I had.. Day trading has been way more profitable for me now that I'm focusing on small, incremental gains. Compound interest is the most powerful force in the universe!

Cheers man. At the moment I just trade with my stack at the end of each day. I know others who will take out / set aside 30% of any previous day's gains and only trade with the additional 70%. That way they still grow their stack but also get a flow of new BTC to do with as they please.

Do come and say hello.

You've got great stuffs going on here. I like the idea and it looks really good. Instead of focusing on big profits and getting rekt, take a lil bit of risk and make 1% daily? Sounds like a good plan. I'll be keeping an eye on this thread to see your progress. I might join in along the way. Keep it up man. Kudos.

The team have setup a leaderboard read-only API so people can see the raw numbers for the individuals that choose to allow it. Which I see as better testimonies than something verbal. It has only just got going though so not much data yet - I hope to report good things in the future.

To avoid shocks I have a tight stop loss (c. 1%). So if it "Barts" then I max am only 1 trade out. Then I just need 2 to fix my day. Some days I walk away with -1% or 0. It happens. But overall have been doing it a couple of weeks and am up 10%.

FYI - all returns I measure in BTC. I would guess 95% of the day I'm sat in BTC so am protected against alts crashing vs BTC. I may miss out of mega gains but am happy to do that to avoid the losses.

I'd be very happy to give you the tour if you want to stop by and say hello. Talk to the team behind the leaderboard bot and 24/7 analysis.

Appreciate your response. At the moment I'm really happy with just trading flexibily when it suits me. Sitting in BTC most of the time to protect against dumps (I measure my gains in BTC rather than fiat). Means less stress!

This strategy is interesting. But would you have a few more numbers to prove its effectiveness? The problem is that the price in certain moments shoots and all the profit obtained in a week can go away in a single day.

But in bot management this is the logic and this provides liquidity to the market.

1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community.

Hi

I wanted to write a small piece about my experience day-trading since I switched my focus from moon shots and started listening to the folks at Voodoo Crypto: https://discord.gg/BN9P2tk

Moon shots are great - who doesn't love making 10, 20, 50%+ on a single trade. But over time this just isn't going to work unless you have the best TA or insider info.

Instead, I've more recently been learning about day trading based on depth chart analysis. Picking coins with huge order books (+100 BTC buy/sell) and huge volume (+1,000 BTC in 24hrs) to avoid the manipulation from whales - getting the charts assessed by the team and trading off the fluctuations.

My aim is to make 1% in a day - that's super easy, especially with indicators suggesting which way the price will ebb and flow. An example chart is in the image below (it's ADA so don't hurt me if it isn't your favourite but it is the first one I grabbed, coins vary depending on what satisfies the criteria):

https://media.discordapp.net/attachments/457359982346633227/488851698664734721/unknown.png

I would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned.

I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision.

Come and see the free charts in the discord above and say hello. Any suggestions/improvements on this strategy always welcome.