Well, I tried the 1 day trial from OP and it's definitely legit. The amount of signals is insane. Not saying anyone SHOULD go for signals but if you consider it you can get them at a huge discount there.

Very friendly and helpful people too.

Thanks for the replies everyone, there’s lots of solid advice in this thread!



For example I do agree using signals and automated bots would take the learning curve away. While I still think it is possible to make profits this way (you can check the results of signal sellers on 3commas), these profits would be the result of putting trust in other people and not by getting more skilled myself. That is certainly not the way to go.



Another great tip for me personally comes from Tytanowy Janusz: 'having everything loaded into trades should not be your priority'. This is something I am very guilty of. When I sell a bag, I buy another one within the next hour. I never have BTC for opportunities. When BTC dumped a bit some days ago there were so many ALTS I’ve could have gotten cheap, but I had no BTC left. 

I also realised why I HAVE to set stop losses this week. At first I was reluctant because of the following reasons:

- the coins I get in are fundamentally good projects and when you look at ICX and LOOM for example and zoom out on the chart, well, chances you’ll be bagholding a coin like that for many years are small. Worst case scenario it turns into a long term hodl.
- you could end up 'wasting' profits when a stop loss gets triggered and price recovers just as fast. Many times you will see coins dump a little before they pump. Nobody likes being left out that way.

After refusing to set stop losses for a couple of weeks however, I have learned that your funds get tied up pretty quickly and while you will not lose on those trades in the long run, you miss out on much better opportunities short term or you might miss the possibility to re-enter at a lower price. So from now on this is a no brainer to me: losses are not bad, you’re not a failure when you realise them, sometimes they are a necessary evil.


Also, I have to accept that while I have the luxury to do this 16 hours a day for 6 more months, I just don’t have the knowledge to put that time to good use. In fact, spending that much time staring at screens without a solid plan will probably be counterproductive like gantez worded so nicely.





I guess my main problem is that I’m still wayy to impatient/insecure. In trading and in life generally. I exptected all this free time to be reflected in my profits. And it kinda did, I actually had a great month, I started with $4400 on March 11th and I’m currently over $6100 with two weeks to go before the month ends. What bothers me about it is I don’t really know how I did it and how to replicate it, fearing that all of this was just dumb luck.



I will probably benefit from taking a step back, taking a deep breath and focus on learning. The question is, where to start? So many different opinions, so many indicators, it’s easy to suffer from information overload and I don’t want to get turned off by that.

after getting really rekt in 2018 (I got into crypto in December 2017) and being a community member for almost a year I finally accepted my losses, decided I had not much more to lose and started trading. At first I started swingtrading the shitcoin I was bagholding and increased my position almost 50% in one month. Eventually I got left out in a pump and refused to buy back higher. Luckily I didn’t because 2 weeks later it got delisted everywhere and price dumped really hard. So I moved on to Binance and started following some traders on Tradingview. I also got 3commas. I selected 5 coins intending to swing them over a couple of weeks, but eventually couldn’t resist closing my trades whenever they had $20 profit. The first 5 days I did this (March 11-16) I averaged at least $100 a day in profits and so my interest shifted from swingtrading to daytrading. The reasoning behind this is I’m only trading with $6000 and daily profits give me a sense of security, it’s better for my mental health.  I have a lot of free time and I’m prepared to do whatever grunt work is necessary to succeed in this. Also, I believe I will grow my portfolio much quicker by adding small quantities every day instead of trying to get multiple 20% trades within a month. Funny thing is, since I’m trying to daytrade I’m unable to get daily profits like I did when I was trying to swingtrade!

I’m a bit frustrated because I don’t really know what changed. Maybe it’s because it’s unsure what BTC is going to do and alts aren’t as jumpy as they were last week, or maybe I just bought my current bags too high, resulting in those funds getting stuck until they at least break even.

I have some questions that could help me understand more about daytrading in general, I hope I can some feedback on them:

- How many coins do you have on your watchlist?
- Do you check all those charts on your watchlist every morning (or even multiple times a day)?
- At what timeframes do you check them if you intend to daytrade (15m - 1h?) or swingtrade (4h - 1d?)?
- If you had only 1.5 BTC would you get 15 0.1 BTC bags or 5 0.3 BTC bags (with multiple entries)?
- What works for you to pick your daily coins? Some do full TA, others just look at Bollinger Bands and Stoch RSI, I watched a lot of youtube videos and they all make it look really easy but I haven’t found what works for me yet.
- Do you use signals? The signals on 3commas for example have a 80% success ratio and can be used to automate bots. I wonder if it’s really that easy? It seems too good to be true, but then again the results…


As you can see I need some advice and I would really appreciate it if I could get some tips from experienced traders! Everyone likes a motivated student don’t they