Topic: My first three days in day trading. - page 2. (Read 2742 times)
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.
Trading is not as easy as people this it is. If care is not taken one can loss all his life savings to one trading.
I think you have a pretty good level of analysis even though you are still in the beginner class at that time. It becomes a good start that will foster enthusiasm to work even harder by reaching out to something wider. The crypto situation seems to have compared 180 degrees from the initial trade you did. Currently, it is more difficult to trade and produce good results. Because crypto is very easy to change and the current number is very bad. It is necessary to increase the level of analysis as well because it is now rife with coins that scams are everywhere.
The hours of patience have actually been paid off. See? If you rushed out and sold your bitcoin, you would not get this profit. Trading requires patience and positive thinking. Without them both, you will be at a total loss. I am very happy for you, I hope you will stick for that strategy and never ever lose faith in the coin you invested in. And I hope these people learn to be patient because patience is the key to success nothing less nothing more.
So lucky. That's a good beginning. good luck on your next tradings!
In the early days of trading on the crypto stock exchange, I was lucky, because the market was going up. And if I did nothing in the trade, I would get more profit.
I have worse three days in trading, if I am not mistaken, I have lost everything that I have invested in and it was so worreing for me and for my family as well. I hope that I will not make similar mistakes later because they are too obvious to be done.
When I was a newbie and try day trading but that not saved me because I don't know any role that time than I start studying and found that day trading is not good because it has a lot of risks and also requires huge experience.
The first days of day trading on the stock exchange went by in confusion and panic. I made the wrong decisions and lost money. But it's good that he invested little money and did not lose much.
\When I joined the trading in crypto then in first three days I take the knowledge about of the trading in crypto and I invested some money but I did not get a any gain so that was my first great experience.
I do not remember how it was. But for me it was difficult, nothing is clear. I had to learn and understand myself. and in time you will understand what token should be bought
Day trading is a lot of work and it can lead you to a big headach if you are a newbie. But in the same time, because this crypto market is so fluctating, you can make a lot of money than someone who is holding tight.
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?
doing day trading in so much volatile market is really hard, good for you to be able to earn even if it is too risky, I also do day trading before, but not this kind of situation, I make a profit that is enough for me too, but it didnt happen again. 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?
Trading is always risky due to huge volatility here and all indicators fail when any big news hit the market. If the positive news comes then you cannot catch it and if it comes against the trend then no one wants to buy in a sudden drop. Holding and patience is the best strategy here as per my opinion.
If you are very comfortable with your style of trading things will be more brighter for your future, as you are very keen to monitor movements around the exchange, and you also have a lots of exchange to check out, Binance is one of those that you can also try your skills since you mention that you will going to invest more, so you also need to check whether other exchange will bring you same confidence that you've got from cryptopia, good luck to you.
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Arbitrage might be really prfitable during the bear market. Its so nice to make profit daily when everything is falling. I check some service to help with day trading/arbitraginf and found that CrypScan is OK actually. If you want to get better at smth try to find a group of lilke-minded plp. that will help a lot
That was actually good for a first timer because not all who do the trading for the first time earn the same as you are they had lost some when they started to trade. I am actually one who had losses but already learned the right strategy.
I don't have experience in trading, I'm afraid to start. many people say that trading is very difficult and reading the responses of some people here, makes me more afraid and rethinking to start trading.
Actually my first seven days in Trading was very bad and something i faced awkward situation.Because firstly i start 600$ but just in a day i lose 180$ than next five days my balance is turn into zero.
Op has made a clear decision and has done a lot of analysis prior to the active participation into day trading activities. From my understanding when one has learned to make use of the small price variation within the buying and selling point surely he'll earn good as well it shows the way the market needs to be viewed than just having a wild predictions.
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