Did that really work, the price doesn't move that far in a day and with fees you could even end up losing a few it seems.
Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.
Time in the market = buy and hold.
Timing the market = day trading.
Don't try day trading.
Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.
If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.
I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.
Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.
This is why i will not buy more now after the increase, i will instead look after other coins to invest in with my few money i have left to invest. As for short term trading i did get a lot more xmr for my money by selling at 0.0135 and rebuying below 0.0115) but now i will simply hold.
In general you are correct about daytrading you are correct in general, especially when you factor in trading fees, i have given up on that in general.
Show Posts
