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1  Economy / Trading Discussion / Re: Crypto Bull Run!!! on: September 07, 2019, 08:29:14 AM
Does this chart really just show no one has a f**king clue??
2  Economy / Trading Discussion / Re: Bad time to get into daytrading? on: September 07, 2019, 08:16:02 AM
Thanks everyone for the advice and encouragement. Tbf I was expecting the usual just don't do it you won't be able to. But I know I can make it work. I see it as a way out of this crappy job i'm in atm. (college dropout) so i didn't have too many options.

I know a year part time isn't long to be studying at anything but i got a bit carried away and thought I was ready and was going to start pulling some profit from the get go.
If you look at it this way college takes four years of studying to finally being able to make a career out of the field you studied in. So if I can make a career of it in less than that i'm still up. I'm going to go back to studying and learning and make less trades for now. Maybe even keep to btc/usd like someone suggested for the time being.

This has definitely given me a lot more encouragement. Thanks again  Grin
3  Economy / Trading Discussion / Re: Bad time to get into daytrading? on: September 06, 2019, 10:12:17 AM
Day trade BTCUSD, not altcoins, especially as a beginner. TA works much better on Bitcoin and liquidity is much thicker to enter/exit positions. Altcoins are much less predictable. I only trade them when they're in a global bull market against BTC (fairly rare). And in those cases I just buy and hold and then partially exit on 2x and 10x gains.

I would hate day trading alts.


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Thanks this is great advice i'm definitely going to give it a go. Do you trade this everyday? What sort of percentage gain would you average weekly?
4  Economy / Trading Discussion / Bad time to get into daytrading? on: September 06, 2019, 07:55:35 AM
I've been studying day trading crypto on and off for about a year. Everyday i'll go into 10 or 20 coins mark their supports and resistances to get really familiar with reading charts. I've studied candlesticks, trading patterns and a lot of indicators. I'll put up a few of the indicators and go through past markets to check how they reacted previously. I then try and predict which way a coin is going. I make notes of where i would get in and get out to see if it was real what sorta success I would have.  I seemed to have it done alright so thought i would have a go with real money. I put a few hundred pounds in and the first few days i think I was very sporadic and kept trying to put money in everywhere i thought i saw something. It didn't go too well. This week I calmed down and said i'd only do a few trades a day where I really concentrated and really thought it out. Every time I put my money in it would start to go well, all the indicators pointed to success then all of a sudden it would plummet out of nowhere. I'm wondering is this a bad market to start learning to day trade in or do I just need more practice. Also any tips?
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