My first three days in day trading. - page 4.

juicejoyce

legendary

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Quote from: dumplingsandsushi on November 09, 2017, 12:30:46 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?

I used to do like that. But it maDE me very tired. Then, i decided to make long term investment, rather than trading to make short term investment.

gesdan

full member

Activity: 616

Merit: 100

wow its a good start, i have a bad habit in trading, i don't control my emotions and usually do cut lose if the price is lower than buy price, my first experience about trading is lost a half of my capital, but its okay i make that lost is a study for the next future, hahaha

lamadu3

full member

Activity: 490

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Trading always needs much knowledge, great patience and enough time to follow the updated information about the cryptocurrency market. You should constantly follow altcoins and BTC rates dynamics, etc. I wish the author and all traders good luck!

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: dumplingsandsushi on November 09, 2017, 12:30:46 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?

This is a very warming post. While others are whining and complaining and even planning to go away from trading, here you are sharing some good experiences about trading. I have not gone through such a very smooth and gaining trading when I started it but I still stuck to it and gained some significant profit later on. I think you continue with mostly small amounts and then try some 1 or 2 coins which you are trusting very much with a big amount.

SupportBitcoin

member

Activity: 151

Merit: 10

I prefer to hold instead of trade. I'm glad you had success! Just be smart and know when to buy and sell. Do not get emotional and have patience!

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

Am always scared of day trading,where can I get to learn about trading as a newbie?

ghostunicorn

full member

Activity: 168

Merit: 100

Quote from: Haunebu on November 11, 2017, 06:10:42 PM

Quote from: 1L0v3 on November 11, 2017, 05:54:05 PM

Very tempting to jump into trading when getting started.. but I'd like to suggest that you put some aside and LT HODL something legit like BTC (in fact.. I'd definitely suggest BTC) for a year or more and compare % gains at the end. It may well end up being more profitable for you to sit on your hands, but it's easy to fool yourself into thinking relatively small profits are the way to go... and in crypto 'small' profits can be 100%.

I completely agree with you dude. Personally, I feel that HODLING the coins for long term profits is the way to go. HODLING returned positive results majority of the time and I have earned good profits this way after trading in the crypto market for sometime. I have dabbled with daytrading and I lost money quickly due to my limited knowledge of the day trading market. I have no knowledge of stock or forex trading which was one of my biggest disadvantages while entering the crypto market.

If there is a posivite and upward trend, this will make you rich when you hold. If the trend is negative and bearish, this will make you lose hard. These are the fundamentals.

And crypto world is now under upward trend generally.

bamb

sr. member

Activity: 938

Merit: 251

I remember i did what you are doing now for almost two years. I was always playing it safe. I didn't want to ruffle any feathers! Yes I was completely safe. No loss! Tiny profit all the time. But the moment i got hold of myself and knows what works as against what doesn't, profit started rolling in. I think you are on the right course!

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Quote from: 1L0v3 on November 11, 2017, 05:54:05 PM

Very tempting to jump into trading when getting started.. but I'd like to suggest that you put some aside and LT HODL something legit like BTC (in fact.. I'd definitely suggest BTC) for a year or more and compare % gains at the end. It may well end up being more profitable for you to sit on your hands, but it's easy to fool yourself into thinking relatively small profits are the way to go... and in crypto 'small' profits can be 100%.

I completely agree with you dude. Personally, I feel that HODLING the coins for long term profits is the way to go. HODLING returned positive results majority of the time and I have earned good profits this way after trading in the crypto market for sometime. I have dabbled with daytrading and I lost money quickly due to my limited knowledge of the day trading market. I have no knowledge of stock or forex trading which was one of my biggest disadvantages while entering the crypto market.

1L0v3

newbie

Activity: 57

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Very tempting to jump into trading when getting started.. but I'd like to suggest that you put some aside and LT HODL something legit like BTC (in fact.. I'd definitely suggest BTC) for a year or more and compare % gains at the end. It may well end up being more profitable for you to sit on your hands, but it's easy to fool yourself into thinking relatively small profits are the way to go... and in crypto 'small' profits can be 100%.

HongKong

hero member

Activity: 812

Merit: 500

Quote from: dumplingsandsushi on November 09, 2017, 12:30:46 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?

That's a good amount of money to make from that trade. Making about $70 per trade is not that bad, have you invested in Litecoin?

Ingramtg

legendary

Activity: 861

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Opportunities are always reserved for people who are prepared.Congratulations on your profit . you are samrt man

some people always doing haphazard investment but you are not .

tommierijnbout

member

Activity: 94

Merit: 10

Quote from: PPleaseman on November 10, 2017, 03:55:55 PM

Hello. I tried daytrading in the summer but i couldnt stare at the PC all the, also i was thinking only money money money. Now i buy and hold (with a little fine tuning here and there). Feels much better
But if it works for you keep it up.
Cheers

Yes, choose the right moment to buy and hold it for a long time and choose the right moment to sell .

PPleaseman

full member

Activity: 280

Merit: 100

Hello. I tried daytrading in the summer but i couldnt stare at the PC all the, also i was thinking only money money money. Now i buy and hold (with a little fine tuning here and there). Feels much better
But if it works for you keep it up.
Cheers

shohelalam

full member

Activity: 197

Merit: 100

Quote from: dumplingsandsushi on November 09, 2017, 12:30:46 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?

Congratulation.. I also use this strategy for trading time. Start with low balance make a money management system. Start Market analysis, Research about coins which is chosen by me. I also looked at trade volume, spikes in value, market cap, buy/sell order history, etc. But Every time is not working of this strategy. When my luck don't favor to me. It's really feel bad. So I always active my money management system to recover my loss.

coiner495

member

Activity: 72

Merit: 10

For 90% of us, the best long-term strategy is to buy and hold. Great to hear you've made some profit, but this time you were lucky.
You can say you're a trader if you don't loose more than 10% of deposit in BTC (not USD) after a year of trading. But one trade is just like a toss of coin.

Singbatak

full member

Activity: 434

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I think your future will be good. But be careful because not every day is such because Not but but we can not avoid it. So when that point comes, you will stop your emotions because that will bring you to the Loser. Always keep in mind that Do not sell a loser in price because you're more likely to break your portfolio.

Psalms23

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Activity: 546

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#SWGT PRE-SALE IS LIVE

I have been doing that too. The first time I found about this is when I saw a coin quickly rising up in seconds so I thought Id buy some, in a minutes time, it suddenly stopped and the sell orders were on hold. That's when I though Id sell my coins in the highest buy order(which is may more than my bought price). But I noticed that if you go on small start-up you'll end up losing your bitcoin just by the fees, so if you really wan to earn though this, bigger amount would be better.

travelgear17

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Activity: 406

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Our STOCK, who art on the support, jump be thy name. Thy bounce begin as it is in heaven. Give us a breakout triangle, our daily bread. Forgive us our losses, as we have as we have also taken other peoples losses. And do not bring a red day for us, but rescue us from evil.

khokon150

full member

Activity: 168

Merit: 100

Three days you passed very good time with trading.But trading is actually not easy it's very difficult.Need more analysis it's very lengthy process.Because it's not possible to do something good at a very short time.

Topic: My first three days in day trading. - page 4. (Read 2742 times)