|
Title: "New" to daytrading, need some help Post by: sickhouse on February 16, 2014, 10:54:16 PM Let's say that I sell 0.01 BTC @ 599 then buy @ 597 with 0.2% fee. I seem to lose money then, where is the limit to make a profit? And any tips in general is appriceated - the way I trade is using the indicators at Bitcoinwisdom.com and wait for the large candles with 5 minutes as time interval. I've tried 15 minutes, but it's too slow paced for me and I seemed to make less profit that way.
Title: Re: "New" to daytrading, need some help Post by: roslinpl on February 16, 2014, 11:21:48 PM You have to buy some coin when price is down. AND WAIT.
week, month for a pump :) or for a price rise :) and then sell. With profit! more than x%. But xx % :) Title: Re: "New" to daytrading, need some help Post by: fush on February 16, 2014, 11:38:15 PM Let's say that I sell 0.01 BTC @ 599 then buy @ 597 with 0.2% fee. I seem to lose money then, where is the limit to make a profit? And any tips in general is appriceated - the way I trade is using the indicators at Bitcoinwisdom.com and wait for the large candles with 5 minutes as time interval. I've tried 15 minutes, but it's too slow paced for me and I seemed to make less profit that way. first of all you will not make any profit if you want to trade with 0.01 you could train on alt coins like doge at first with 0.01btc but if you want to trade with btc you need at least 0.3 to se profits on a day trading base.. i would say 0.05 per day is possible Title: Re: "New" to daytrading, need some help Post by: roslinpl on February 17, 2014, 12:07:37 AM Let's say that I sell 0.01 BTC @ 599 then buy @ 597 with 0.2% fee. I seem to lose money then, where is the limit to make a profit? And any tips in general is appriceated - the way I trade is using the indicators at Bitcoinwisdom.com and wait for the large candles with 5 minutes as time interval. I've tried 15 minutes, but it's too slow paced for me and I seemed to make less profit that way. first of all you will not make any profit if you want to trade with 0.01 you could train on alt coins like doge at first with 0.01btc but if you want to trade with btc you need at least 0.3 to se profits on a day trading base.. i would say 0.05 per day is possible 0.05 per day from 0.3 BTC = it realy depends on a day. if you are trading only BTC there's hard to say how much you will earn. |