My first three days in day trading. - page 5.

ramsdaj28

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اللعنة

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?

Actually, that's better than day-trading. Putting your coins in sell orders doesn't necessarily mean that you are doing a daytrading, especially that you are setting an specific price for your coins being put in sell order. That's not a long term investment, but I don't also consider that as daytrading. You're actually waiting for days or weeks (like in your case, you were able to sold the coins after 3 days) before you were able to sell it in a specific price.

It seems that your strategy was nice, and I would like to congratulate you for being successful in your first take in crypto-trading. Wink

bbcolex

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Activity: 686

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Been there first day of trading was really frustrating for me , I was in the middle of bitcoin and ETH rally , I was so greedy that I was expecting for 50% gain. I was just watching the price being pump for about 40% then suddenly in a blink of an eye Bitcoin dump lightning fast. I was new back then so I was not expecting for a sudden drop like that. Same goes to ETH, That's why I hate to do day trade I need to be watching it 24/7 to profit.

dumplingsandsushi

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Activity: 476

Merit: 41

Another Update:

Well, after a streak of ups and then a bunch of ups and downs I decided to stop at neblio.
After 4 1/2 days of day trading I went from .02btc to .03701445btc. That final bit I put into neblio and now I'm just going to hold.
It was an insane rush the first couple days I made steady gains.
But after some input that it was most likely a combination of luck and the current uptick in tons of alts, i tried to be more cautious.
Today was a huge stressful nerve wreck haha, so I decided to take a break and just watch the market for awhile.
I consider myself very fortunate to get this far and learned a lot.

For those that are interested, here are the coins I went through, it was pretty insane.
I hope you don't see it as shilling because it most definitely is not, a lot of these are already falling now.

cloakcoin
neo
safex
smartcash
mothership (lost a little)
hshare
open trade network (made huge gains on this one)
B3 coin (another one with huge gains)
dubaicoin
alis (lost a bunch)
innova (lost a little)
ormeus coin
bitcoin cash
and finally neblio just now.

...yeah, my brain is fried.

GUI_Center

member

Activity: 72

Merit: 10

Have not day traded, but great job! Be ready to lose some as well, but don't let it get you down. Keep at it, and at times put some of the profits aside just incase everything goes sour one trade.

portstarboard

newbie

Activity: 12

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Its important to know when to stop when day trading. Closing a trade with a profit brings with it its own emotions, one of which is euphoria. Whilst its not abnormal to feel euphoric about closing a day profitably, if not careful it can also validate a bad trading strategy i.e. if you close in a bull market when all alts are up; where your alt is up by virtue of a lot of buying in the market generally. Always keep an eye on indicators and volume!

layoutph

sr. member

Activity: 1372

Merit: 255

Your story sounds interesting may I know what are your coins in your bag? How do you get to earn about 50% of your investment and you are only trading for 3days? Do you forex or trade in stockmarket before?

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?

drogba773

member

Activity: 294

Merit: 15

Good one, just takes some time but seems very good

chocopapaya

full member

Activity: 686

Merit: 131

Have you ever considered that you were able to make these gains because segwit was cancelled and people are bringing money back into alts?

While I am really happy for your success I think you will start to find it difficult to maintain those gains.
Already, a lot of alts are starting to slow down. On top of that doesn't Cryptopia mostly offer shitcoins?
Unless you are careful with how much you put in you could easily end up with a bag full of nothing.

If I were you, I would take this into consideration and adjust your investing accordingly.
Maybe take just 10 to 20% of what you earned to invest and the rest put into a long term hold so if you lose you won't lose everything.

4hajs

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Translation Service: English -> Polish

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?

You were just lucky, you know that bitcoin fork was cancelled and basically all alts had huge gainz after the fork, because people jump back to alts? If you can keep this up for a month, you will be wealthy, but I am just calling it a luck.

BeManga

sr. member

Activity: 962

Merit: 269

CryptoDirectories.com

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?

its hard to do day trading because you need to always research almost everytime and you must have a lot patience
when i have lot of time i also do it for some profit but usually i just buy coin and put it in sell wall in my predicted price and do other things

8rch7

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Activity: 1344

Merit: 459

I have a bitter experience when trying to trade. often hit by a very panic when saw the price down. and often feel impatient when seeing prices rise, the profit earned is not so much, because it can not wait to sell when the new price rose slightly

Lovetrading

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Activity: 106

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I joined a free trading signal group on Telegram. To test the water, I only practiced paper trading based on their BUY/SELL signal. It has been profitable on paper, I am thinking to do actual trading, but I am still worried. I know for a fact that people lose more than profiting with Day trading. It's tempting but I am resisting and holding on my bags.

sirat01

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Activity: 202

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?

I have a experience but my trade was long. I bought NEO at 4.55$ per NEO. Around 150$ NEO.Then I hold NEO for 2 months and finally sold all of my NEO. 60$/NEO And I was very very happy in that time

romeo111

full member

Activity: 378

Merit: 100

Nice job, you have done really well.I like to do trading.i think trade is a good earning opportunity. I've been trying to trading in crypto world. it's a good practice and big experience.

Shattered

sr. member

Activity: 448

Merit: 250

Luck can come your way few times but not all times.
There are some coins that are volatile. find those coins and do this.
If will be safe dude.
Otherwise you will burn all the money.

Faroxx

full member

Activity: 294

Merit: 100

I'm happy for you) When I started trading I was also pleased with his first success. Good luck in future trading)

CryptoBeefy

full member

Activity: 378

Merit: 100

Great post as it's an interesting read, people always like to hear of others experiences. The key is to have your strategy and stick to them, we can all get a little excited, a little greedy but that's usually when we crash and burn. Just remember at the end of the day, profit is profit! It would be good to see you keep updating this thread, maybe like a weekly update or something!

khan149

copper member

Activity: 463

Merit: 251

Great! It is possible in the crypto world.Good time to trade now.But I think it is possible to profit better if you hold.I can hold more profits.But these coins must be fine.

cryptoking710

member

Activity: 98

Merit: 10

Well done you on a quick gain!

When i first started here on the forum my first goal was to gain rank and learn a lot about crypto currency, i read and i observe all the accounts I can and every topic how they do it as i was reading little by little i begin to learn how its works and define my own strategy.

Keep up the good work.

rpg

hero member

Activity: 728

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?

Most of us trying different strategy to play this dice. Let's continue this tread after at least one month of your trading experience. 3 days is nothing. Just some advice, not try to put even half on your money in 1 deal.

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