Day trading Crypto
Started doing a little experimenting with crypto trading. So I started buying some alt coins and I will say it has been difficult. Right after I bought a good amount of different alt coins, bit tanked for a bit and has only been going up now. I am still in the negative, but IOTA is doing better and I think i can come positive there... All my other coins are still down, and I dont think Ethereum Classic will ever go up haha..... I have a lose there! I will update will pictures and stuff when I start making money instead of losing iT....
As a beginner the rules of trading are simple find a good coin, figure out its real value then BUY LOW - - SELL HIGH and If the market drops WAIT TILL IT COMES BACK
you're making steemit a great community with your content lincolnkelley! keep it up!
Congrats with taking on this challenge!
I am doing a similar project trading with mined ETH. Check my blog when you get the chance. I'll be doing articles on day-trade tactics shortly, but start reading up on charting and how to read candlestick charts with stocks. My personal tip for you- target low-cost high-volume coins that show patterns in their fluctuations. My most successful today was TRIG. Zoom in on its chart for the two pops today and see if you can map the points leading to the pops. Learning the chart patterns will help immensely. Also, one thing I do is once ive sold out of a position I keep everything as BTC, the native currency, until I'm ready to move on a coin again.
I hope this helps! Good luck and happy trading!
Just remember that patience is everything. I have been into Crypto for 3 years and it has crazy ups and downs (and Downs and Downs). Invest in coins that have a lot of real world potential (Monero, BTC, LTC, ETH, OMG, etc). I will only invest 15-20% into flashy short term coins. Best of luck!
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