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Author Topic: I want to give "day trading" a go, question is where?  (Read 1245 times)
iluvpie60
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May 15, 2017, 03:11:37 PM
 #21

Btc-e is fast and decent lots of pumps and dumps. Make sure you buy when you think it is low and try to sell for 3 or 4 percent each time at least. You could double what you have in a week if you don it right.


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Omega Weapon
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May 16, 2017, 01:47:54 AM
 #22

Btc-e is fast and decent lots of pumps and dumps. Make sure you buy when you think it is low and try to sell for 3 or 4 percent each time at least. You could double what you have in a week if you don it right.
This kind of thinking is something I think we should avoid since we must concentrate on making profits and not in a particular amount we would like to win, sometimes the markets are so bad that if you make any profit you can consider yourself lucky, so concentrate in doing good trades and the money will follow.

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qelroy
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May 17, 2017, 07:17:01 PM
 #23

OP here

I am not gone, there was just so much info added to the thread, I really appreciate it, I am currently in the works of day trading, will update :-D
BitcoinNewsMagazine
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May 17, 2017, 07:33:50 PM
 #24

Hello everyone,

I thought of giving day trading a go, I do have a limit of funds to invest into this project, and it's XXXX, I am also aware that I CAN and WILL most likely loose funds doing this, but I am doing this for "fun" and my limit or spendings on this project is not making me homeless nor is it going to make me cry, if I do end up loosing.

I just wanted to know, what kind of platform everyone is using for day trading, or trading in general, which site should I avoid, give me your best suggestions :-)

Thank you!

You definitely will lose money at first. Part of the learning curve. There are plenty of online resources for beginning traders. The best advice I could give someone is to trade on paper for at least three months until you learn for yourself whether you have a chance of making money. 95% of traders lose their trading capital and quit. However some have talent for it, you may be one. You would learn faster if you could find a mentor or a trading club where experienced traders could help you.

I would recommend you not take on day trading at first. Instead concentrate on trading longer time frames where you expect to be in a trade for at least a month. Otherwise the professional day traders will eat you for lunch.

Go to http://coinmarketcap.com/ and concentrate on the top ten coins. And remember you are trying to beat a buy and hold strategy. That is, can you make more money trading than just buying bitcoin and watching it go up in value. Remember: your goal in trading altcoins is to increase your bitcoin. If you are actively trading and your bitcoin reserve is going down best to stop trading.

Apollo777
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May 18, 2017, 03:03:47 AM
 #25

How to win at a Casino 101.

Step 1.) Do not go to the casino.
Step 2.) Follow Step 1.

If you're new to day trading, unless you get lucky, most likely will get eaten alive by sharks or you'll survive for a while until a whale swallows you whole.
Most of the traders lose money, and even 90% is a conservative estimate. If you're a beginner most likely going to get rekt.
Trial and error (taking a lot of Ls) before you can roll with the big boys.

Best strategy for any class is to Buy and HODL!

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buenaobra
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May 18, 2017, 04:09:09 AM
 #26

Try bittrex.  If you indeed have the time, go for it.  But if not, I suggest you go for long term trading-Less stressful.
BitWhale
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May 18, 2017, 08:30:25 PM
 #27

I also think that Kraken.com should be added as an addition to the list others have provided.

Poloniex & Kraken by far win the war for me. Security wise, I prefer Kraken, especially if you are a US citizen.

Good luck man, go make some money!
aguila
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May 18, 2017, 09:40:41 PM
 #28

Bittrex! Polo has been going thru some small issues lately

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