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Author Topic: My first three days in day trading.  (Read 2606 times)
dumplingsandsushi
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November 09, 2017, 05:30:46 AM
 #1

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped.  I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain.  I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains).  As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

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November 09, 2017, 05:36:57 AM
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So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped.  I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain.  I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains).  As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

I'm in a very similar boat!

I have been researching a ton, setting aside a decent amount of time and trying to make slow but steady improvements. The game itself is fun, but can definitely be risky. The biggest lessons I've learned in the short period i've been involved is patience is key and your emotions are your worst indicator.

Happy to hear you've made some profit! Keep it up.
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November 09, 2017, 05:37:53 AM
 #3

well my experienced not quite good as yours. what i need is pation to wait.  but i lose so much because afraid to lose more.

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November 09, 2017, 05:51:29 AM
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Contratulations!  But you should always keep your mind sober and understand that there is a high chance that you just was lucky enough to get this profit (sometimes you can spend days analyzing charts and get losses). Anyway the starting period is the hardest for many people simply because you should look through tons of new information.

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November 09, 2017, 05:55:53 AM
 #5

Its good if you are doing it positively. My experience of trading is worst. My portfolio is green because of hike in BTC value. All I can say is HODL os better than trading in my opinion.
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November 09, 2017, 06:04:42 AM
 #6

Create your own trading rules, follow them and be patient and you will reap the benefits  Cool
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November 09, 2017, 06:08:36 AM
 #7

I am by far an experienced trader, but i have been around from june and crypto is one hell of a rollercoaster. Due to the fact that this is still pretty early to jump the boat you have to realise that 20up mean one day 20 down, you will see your portfolio decrease half over night. Don’t be greedy either, i did not participate in the free money 2X bs and am happy about that now. Don’t follow the herd, they will try to push you in a direction. A lot of paid shills everywhere, look at the beeeconIIIIIIIII joke (bitconnect). Green (often) meens don’t buy cause you are to late. I have done a ton of research too and am happy to see most of my coins in the top pumped coins today. That has got to mean something.

My strategy is to have 30 procent btc, the rest in alts. This has proven me to be very good because my complete portfolio has never been below its initial investment. I just don’t dare touching the steady coins. I pick a small percentage to put in some pump coin and put a sell order. This way i sold my pot coin at 0,2btc and bought VTC the day before yesterday. We all know how that went :-)
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November 09, 2017, 06:10:31 AM
 #8

WOW you have done really well. I wish I was a good day trader but am pretty crap at it. I do like to arbitrage trade my favorite coins though when I get a chance so try to increase my little stashes that way if I can, but I don't always get the time of possibility. If you keep going like this you will end up really wealthy one day.  Smiley. Keep this thread alive as I want to see where you are at a year from now.

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November 09, 2017, 06:11:43 AM
 #9

Well congrats to you mate Smiley I've been trying to figure out how trading works and did such tons of researchs too. But I don't have much funds and I am feared to lose my money. Guess i have to gain courage for the risk
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November 09, 2017, 06:15:30 AM
 #10

And don't forget that even if you have a losing position, you still "win" because you will have learnt what not to do and how to improve your trading model! Smiley

Also remember that your trading model will break eventually, so you should have proper risk management in place so you can survive bad trades and protect your capital to fight another day.
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November 09, 2017, 06:25:12 AM
 #11

Patience is the key and don't just automatically scale up because you won a few trades already. Sooner or later you are going to lose a trade and it is better to keep it small so you do not get discouraged when the times comes. After a month or two of trading you will be in a better position to scale up your trades some more. I know it doesn't sound as exciting, but slow and steady wins the race here.

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November 09, 2017, 06:26:02 AM
 #12

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped.  I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain.  I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains).  As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?
Unluckily we do not have similar way in trading because it takes a month before I resell it. You have a good strategy and techniques, it is really hard for me to predict when will the token is going to pump.

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November 09, 2017, 06:29:00 AM
 #13

When i was starting her in forum my first goal is to gain rank and learn a lot about cryptocurrency,i wonder and i observe all the account and every topic how they do it as i was reading little by little i begin to learn how its work and reading is the first tool to earn her in cryptocurrency.
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November 09, 2017, 06:29:10 AM
 #14

Its very easy to do well in a bull market, i suggest not to feel too confident about your trading skills at this stage

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November 09, 2017, 06:33:17 AM
 #15

Trading is very complicated and stressful job especially for new guy. You can earn some money today, lose tomorrow and so on. The main complexity is to stay calm while trading. I dont like trading and trying to earn money with another kind of job.



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November 09, 2017, 06:42:36 AM
 #16

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped.  I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain.  I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains).  As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?

You got in at a good time, when the market is pumping. Don't expect it to be so giving in the future.
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November 09, 2017, 06:44:04 AM
 #17

Wow! I only have 0.02 in my Bitcoin wallet so if I'm going to do trade same as yours then maybe I'll get the same or more than your return of investment. Trading is one of the things I an experience want to learn also because gaining profit is easy and the risk is very low.

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November 09, 2017, 06:46:57 AM
 #18

Trading is very complicated and stressful job especially for new guy. You can earn some money today, lose tomorrow and so on. The main complexity is to stay calm while trading. I dont like trading and trying to earn money with another kind of job.

So you mean it's like gambling or so? Even in gamble it requires exceptional skills to get above average profit. Trading is also like get a lot of profit today then you're not always getting profit, right? So, basically you do it with luck.

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November 09, 2017, 06:57:45 AM
 #19

Wow! I only have 0.02 in my Bitcoin wallet so if I'm going to do trade same as yours then maybe I'll get the same or more than your return of investment. Trading is one of the things I an experience want to learn also because gaining profit is easy and the risk is very low.

You have no idea
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November 09, 2017, 07:03:26 AM
 #20

So after doing a TON of research I rearranged my schedule and decided to try my hand at day trading.

I decided to start off really small, so I only put in .02 BTC to see where I can go with it.
I've been using only cryptopia.

After three days...I'm up to .0338711 BTC! Wao! I'm a rich man! lol...

I was pleasantly surprised that a simple strategy brought steady gains.
I spent a lot of time trying to figure out indicators of coins that were about to be pumped.  I looked at trade volume, spikes in value, market cap, buy/sell order history, etc.
I am going about this very cautiously, so when I felt like a coin was about to or in the beginning to middle stages of being pumped, I would buy it, and right away put in a sell order that was slightly higher for a small gain.  I tried my best to not put in too much and resell for a lot higher and the result was steady (but tiny gains).  As I get comfortable with this I will probably try larger investments.

I know I'm very amateurish but it feels good to get better at something yeah?

Anyone had similar experiences in day trading?
Just got in the right time. No one can not fail to appreciate your efforts and reasonable steps, but the coincidence of the circumstances gave such a result, because agree that in a day you can lose the same amount or more, despite the measures taken.
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