My first three days in day trading. | Bitcointalksearch.org

MidnightWolf

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Activity: 630

Merit: 10

Quote from: cryptolidus on October 01, 2018, 04:47:41 PM

It depends a lot on which market you are trading. Different market conditions require different strategies.
I was practicing also with small amounts at the start but took me long to figure out how to trade profitably
long term and still learning. Would be nice to hear what are your impressions after a year ....

with daily baiting unnecessary time is almost none, Because it is always possible to control the market. But this is only when you are working under the influence of excitement.

cryptolidus

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Activity: 406

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It depends a lot on which market you are trading. Different market conditions require different strategies.
I was practicing also with small amounts at the start but took me long to figure out how to trade profitably
long term and still learning. Would be nice to hear what are your impressions after a year ....

mandeepcrypto

newbie

Activity: 112

Merit: 0

You are very lucky to get good profit.But my first day was very worst .In that situation I had not lost my heart and do work regularly with trust that one day I will good profit .
.

ausbit

legendary

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Merit: 1019

Quote from: sinkfish on September 14, 2018, 05:09:58 AM

Quote from: dumplingsandsushi on November 09, 2017, 01:30:46 AM

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped. I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain. I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains). As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

keep up the good mind set. it will reward you well.

That has always been an advantage of having a strategy if you want to trade, and you certainly cannot have a strategy if you do not learn the basic things you need to know when it comes to trading, using indicators and analyzing the market.

One thing a lot of people always find very hard to achieve because they are too lazy to learn. With that kind of attitude, he will always be able to build confidence around his strategy and make better decisions for himself in the long run.

Alliipp

member

Activity: 374

Merit: 12

I think it's less time if it's only 3 days. we should be able to analyze a coin in the market, whether it has a good development and is long enough or not, because if we are wrong it will suffer a lot of losses.

michael23

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Activity: 560

Merit: 100

Quote from: gabmen on September 21, 2018, 11:24:43 AM

Quote from: Hammonds on September 20, 2018, 06:20:56 AM

Quote from: mitsarasss on September 01, 2018, 05:48:39 AM

I think you have chosen the right strategy, especially in the current market you will be able to earn a lot. The main thing is not to be greedy, it can lead to losses.

Agree with you, the most feared in trading cryptocurency is "greedy"
There is no senior in the cryptocurrency trade, because the market is always changing and cannot be guessed.

Well greed has already turned good profits to heavy losses a lot of times in the past. You should have the presence of mind to know that you've made enough profit. These are lessons that are taught over and over again with trading in crypto.

I agree with you. Greed has ruined many. One of the rules that should be followed when trading, this is how much you have not earned, you should leave 10 percent of the profits.

gabmen

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Quote from: Hammonds on September 20, 2018, 06:20:56 AM

Quote from: mitsarasss on September 01, 2018, 05:48:39 AM

I think you have chosen the right strategy, especially in the current market you will be able to earn a lot. The main thing is not to be greedy, it can lead to losses.

Agree with you, the most feared in trading cryptocurency is "greedy"
There is no senior in the cryptocurrency trade, because the market is always changing and cannot be guessed.

Well greed has already turned good profits to heavy losses a lot of times in the past. You should have the presence of mind to know that you've made enough profit. These are lessons that are taught over and over again with trading in crypto.

justspare

hero member

Activity: 1022

Merit: 538

Quote from: Hammonds on September 20, 2018, 06:20:56 AM

Quote from: mitsarasss on September 01, 2018, 05:48:39 AM

I think you have chosen the right strategy, especially in the current market you will be able to earn a lot. The main thing is not to be greedy, it can lead to losses.

Agree with you, the most feared in trading cryptocurency is "greedy"
There is no senior in the cryptocurrency trade, because the market is always changing and cannot be guessed.

Greed should not be a thing when you are not ignorant of what you are doing. The craziest aspect of trading in general is to trade without knowledge, strategy and plan. The OP apparently had his first three days in trading well for him because he was able to follow a plan which we know a lot of people cannot have because they simply are so reluctant to learning.

Nevertheless, I would have loved to see how the OP was able to manage the bear trend, since when he posted this was the period of the bulls in the market, so it was easy to trade and make something substantial during that period.

trash321

full member

Activity: 602

Merit: 100

Yes, during the period of global growth, we can say that any project that previously had at least some fame had chances to be pumped up with money, but what to do now? It seems to me that now it is getting harder at times.

regarcigar

member

Activity: 336

Merit: 10

see from the first time you trade it was a good start because not everyone succeeded in trading first failure due to lack of strategy and lack of trading knowledge. I myself always failed in my first trading because I was lazy to learn good trading methods

Hammonds

sr. member

Activity: 532

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Quote from: mitsarasss on September 01, 2018, 05:48:39 AM

I think you have chosen the right strategy, especially in the current market you will be able to earn a lot. The main thing is not to be greedy, it can lead to losses.

Agree with you, the most feared in trading cryptocurency is "greedy"
There is no senior in the cryptocurrency trade, because the market is always changing and cannot be guessed.

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: dumplingsandsushi on November 09, 2017, 01:30:46 AM

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped. I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain. I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains). As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

keep up the good mind set. it will reward you well.

johnreese5895

newbie

Activity: 56

Merit: 0

Congrats, mind elaborating a bit about how to study a coin to buy/sell it? I too want start trading.

nashmia13

newbie

Activity: 57

Merit: 0

my 1st day in trading is not that cool, i invested in the coin like a cheap one and then the coin keeps on selling high and i did sell my coin for me to gain profit but suddenly my sell order didnt hit, i dont know the reason why or maybe some buyer dont want to buy more coins, so i wait a little longer and then i cancel it and sell again my coins at the same price i bought but i lose some sat due to interest of the market exchange. Grin

delton22

newbie

Activity: 345

Merit: 0

swing trading is really nice. because swing traders use technical analysis to look for low prices and sell at a higher price.. i tried this with BTK and made a good profit out of it

amitkumratra

jr. member

Activity: 672

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In the early days of my trading, i made a small profit from my investment, but maybe it was due to luck because at that time i am very panic, confused and there was no knowledge about the trading.
I also found that the day trading is very risky but also full of money, and also found that crypto currency trading requires a lots of funds, strategy, patience and most important knowledge about crypto currencies because the crypto market is very volatile nature.
Then i decided to learn it and now after learning and controlling all these things, i have come again for business and now it is making good profit.

FishsHumnsToo

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Activity: 308

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It seems that the time of HODL and investing in new projects in cryptocurrency is coming to its logical conclusion. You will either have to study trading or leave the cryptocurrency market

binting

member

Activity: 210

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should always keep your mind sober and understand that there is a high chance that you just was lucky enough to get this profit sometimes you can spend days analyzing charts the starting period is the hardest for many people simply because you should look through tons of new information....

tttuida

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Activity: 107

Merit: 1

I had same problems as the majority if people here have as well. I have spent too much money that day but I don't regret now because I have learnt how to do it.

surfer43

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Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: dumplingsandsushi on November 09, 2017, 01:30:46 AM

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped. I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain. I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains). As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

Don't think about the small profits. You really did great as you were not experienced and yet managed to get a good profit of approx 0.0128711 BTC. That is really great. Most of the time i try day-trading, i faces loss and hence i leave day trading. Trading for long terms have been profitable for me but not day trading. Perhaps I can't understand the dips much properly and hence have loss in it.

Topic: My first three days in day trading. (Read 2707 times)