KilOit wrote: » I don't focus on day trading but I buy a coin really low that has good fundamentals
unkel wrote: » That's the reality of life with social media. I wouldn't worry about it. There's me with tens of thousands of posts on boards. A psychologist digging through all of them would get to know me better than I know myself
unkel wrote: » I'm glad you're in the black But to be fair those figures don't mean anything when we don't know how much money your are playing with.
The One Doctor wrote: » Up €345 last week, lost €43 to following the charts too closely (was looking at the 1 and 5 minute charts). Learnt some more lessons about getting in and out at the right time. Up €77 so far this week.
garrettod wrote: » Hi, Just wondering, has anyone looked into the possibility of spread betting some of the cryptos rather than actually purchasing them ? If so, what sites are providing this service please ? I've been tempted to get into this a little for a while now, reckon that if I went the spread betting route then I remove the risk of fraud which occasionally pops up in the cryptos, along with the extra effort needed to get set up to hold cryptos. Many thanks.
unkel wrote: » Your little girl might make you a bit of money so. I find ETH tends to drop heavily around 4-5AM, only to pick up again in the few hours after that.
The One Doctor wrote: » Nice little drop at 5am. Luckily I was up with my daughter and was able to take advantage. Thank feck for price alerts.
alb wrote: » This is a bad argument, it's the same as saying would you buy a laptop for €800 this year if you knew it would be €400 next year? Consumer electronics frequently reduce in value a year later, and yet people buy them in droves, People even pre-order opvideo games at full price, when they'll be half that in a year. It's effectively the arguments that people prioritise having extra money over goods in all scenarios, and that bitcoin will become worth so much that it will fail, which are both poor arguments imho.
The One Doctor wrote: » It's going to badly affect mass crypto payment adoption. Would you buy a laptop with €400 if you and everyone else believed that it would become €800 in three months? No, no-one would.
covfefe wrote: » Over how long have you been making €200 per week? If it's only been a few weeks that isn't enough to say that it can be done consistently but that's good results so far, if this is over a long period of time they're very good results. I've looked into day trading in the past but I think it's pretty close to gambling, everyone is looking at the same buy and sell signals so lots of people tend to for example sell together, the price goes down and they all think they've cracked it. But then the market can turn around and surprise everyone and you then see liquidations. It's little more that a coin flip from what I can see. I do think there is money to be made from bots and experienced traders, but it's not for me, I just hold.
The One Doctor wrote: » Generally, yes. However, I trade when the market dips. FOMO trading kills daytraders, especially at ATH. I've been caught out once. Never again. I make a small, steady amount with the big three (BTC, LTC and ETH). So far my max profit on one trade was €400, but that was unusual. On average I get €65 per trade after fees, with maybe 3 trades per week. I'm sure €200 odd per week is peanuts to you guys, but it's an interesting and profitable hobby. I have lots of time on my hands right now and this is a good way of using it. I don't recommend it to people with full time jobs. For instance, today things are either flat or going slowly up. No dips to trade off. I have alerts set to let me know when things get interesting. I've been tempted to FOMO in LTC but just as I was considering it, the price began dropping. That would have lost me money. I've only got €5k on the exchange so can't take advantage of less than €1 LTC movements. All in all it's an interesting hobby that pays better than watching YouTube videos!
ZeroThreat wrote: » I'm just into medium/long term holding personally, since most novice traders lose in the long run. It's a small group of the veteran experienced market traders who actually gain from that generally
The One Doctor wrote: » A boring update: I haven't found any opportunities to do quick trades over the last few days. ETH and LTC spiked today and are heading back down. Swapped my ETH 255 buy limit order for an LTC 51.50 buy limit order (more profit for the same exposure). Again, my newbie chart reading suggests that LTC will back down to €51 or less as it really can't stand the heady excitement of €56 whole euro. To those who day trade - do you prefer trading Alt/BTC pairs or crypto/fiat pairs?
KilOit wrote: » I don't focus on day trading but I buy a coin really low that has good fundamentals and active devs and sell it in increments with sell orders and just walk away, they mostly fill after a week or 2 then I repeat. If you expect to buy a coin that's up 20% or so that day and sell it same day it's really risky I got lucky with Neo, omg and walten, buying them at a fraction of what they are now but I got burned by qtum and tenx so it somewhat evens out. Buying and holding is generally the best and doesn't require constant surveying the market. If your focusing on gdax don't fomo into buying your ETH and ltc at higher price that you sold, don't sell it all at once either
