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RE: VIDEO: EPISODE#4: BITCOIN CRASH FALL TO $1,650 current price $,2504, 10 July 2017 https://steemit.com/@supertrader
Day trading is not for the faint hearted. So hats off to you for doing this.
I do day trade for income and to keep my finger on the pulse but I prefer positional and swing trading as for me its less intensive and I feel more in control. But I do love day traing as well, I just dont tie up too much in my allocated capital here. Cryptos are great to day trade.
Please it would be great i you share your analysis i'd love to learn from you.
Day trading can be a cruel mistress but with the current tech we have and a lot of learning through loss almost anyone can be successful.
I have had to change my mindset from how I react to coins losing value. I no longer emphasis the BTC value and only focus on increasing my share through trade regardless of price. I am putting alot of focus on ANS/LTC/NEOS and recently XVG.
I find by focusing on coins with great long term potential you take a lot of stress out of the dips while making profit in the long run. You also become very familiar with the swings just by the price without need to readjust your calculations.
I would categorize it as long term day trading because I intend to keep my position in above until I have reason not too.
The last 25% I use to bounce around depending on the current gossip just chasing a profit.
Sound advice. Thank you for sharing your real experience and insights.