My Crypto Day Trading Strategy, Almost Guaranteed Profit! Simple!
So I have been trading for a couple days now and have used my strategy that won't make you a ton of profit but minimizes the chance of a loss. I have only taken 1 small loss of 10 cents and thats it
So here it is
- Only Buy Coins in the top 30-40. This guarantees consistent volume and and that you won't be left with a flat lined coin, lost 215$ this way.
2.Never buy coins that are up in price for the day, only buy them when they have dropped at least 10-15%, you have a better chance of profit doing it this way. Sure you can make profit on a coin up 10%, but it is way more risky than buying it when the price is up rather than low because when it drops it has a good chance of a bounce. Coins that are already up have a higher chance of dropping.
Thats my strategy, Also you need to study and learn candlesticks on youtube and learn what they really mean, this will give you a HUUUUUUUUUUUUGE (donald trump voice) advantage over the market, i watched 7-8 videos on candlesticks on this guy called "Urban Forex" on youtube, you need to be a sponge and absorb all the information you can and take notes.
i hope this helped if you ever want someone else's opinion on a position on a coin come ask me!
Nice post
Thanks
What's your take on steem? Is buying in to get a hold of more steem power wise? Or is the lockup with a slow release not worth the risk? Where do you see the steem price in a year? Thanks!
holding steem is a good idea, but you don't need steem power to get a good following and upvotes, just gotta post everyday and be consistent and use randowhale and minnowbooster to get your post viewed more and it also has more of chance to be upvoted for the curation reward for the upvoter. I could see Steem at anywhere from 5-10$ by the end of this year and then at 100$ in 4-5 years. Steemit will really pay off in the long term
Great thanks for sharing your insights. I've been tying to get traction but my delegated steem power was cut in half from 30 to 15 after my first two weeks. Don't know why!? I know it's not much but it does make a difference. I can't even upvote someone a penny at 100% power! Ha ha. I tried randowhale a couple of times I'll try again and look into minnowbooster too. I've almost made up the power cut so should be able to give back on the upvotes soon.
Thank you for the tips, will come in handy when trading. Thanks for sharing.
This is the type of post I need to resteem!
I need to like read this over a few times to "master" the art of @cryptotraderx energetic trading mindset.
edit: I promoted your post ;)
thanks man! im young but I do have a lot of knowledge in the crypto market
Even a child can make profit in a bull market.
im investing and trading young, planning for my future!!
This is good for you to start early, you have time to learn and find what you love to do.
thank you my man!
We think alike! Upvoted!
My analysis recently nailed the entry for CVC and now books 78% profit in just days! I've made lots of very profitable calls...check it out: https://steemit.com/bitcoin/@haejin/cvc-kaboom-up-78-what-a-call
good job on your calls, CVC in my opinion is really hyped, but hype can get you a lot of $$$
Thank you for your offer to share your opinion on upcoming trades! It's always nice to bounce ideas off each other!
no problem my dude! if you ever need someone elses opinion hit me up!
Dudette, actually (hehe).
"You need to be a sponge and absorb all the information you can". True, very true. I'm not very long into this space but finally I found a trading bot solution that makes about 500%! Crypto is a crazy space man, I posted it here ;-) https://steemit.com/gekko/@svenholm/500-profit-strategy-gekko-trading-bot