DanTalksCrypto (OP)
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September 11, 2018, 09:40:25 PM |
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Hi I wanted to write a small piece about my experience day-trading since I switched my focus from moon shots and started listening to the folks at Voodoo Crypto: https://discord.gg/BN9P2tkMoon shots are great - who doesn't love making 10, 20, 50%+ on a single trade. But over time this just isn't going to work unless you have the best TA or insider info. Instead, I've more recently been learning about day trading based on depth chart analysis. Picking coins with huge order books (+100 BTC buy/sell) and huge volume (+1,000 BTC in 24hrs) to avoid the manipulation from whales - getting the charts assessed by the team and trading off the fluctuations. My aim is to make 1% in a day - that's super easy, especially with indicators suggesting which way the price will ebb and flow. An example chart is in the image below (it's ADA so don't hurt me if it isn't your favourite but it is the first one I grabbed, coins vary depending on what satisfies the criteria): https://media.discordapp.net/attachments/457359982346633227/488851698664734721/unknown.pngI would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned. I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision. Come and see the free charts in the discord above and say hello. Any suggestions/improvements on this strategy always welcome.
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Ranly123
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★777Coin.com★ Fun BTC Casino!
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September 11, 2018, 09:46:01 PM |
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Hi I wanted to write a small piece about my experience day-trading since I switched my focus from moon shots and started listening to the folks at Voodoo Crypto: https://discord.gg/BN9P2tkMoon shots are great - who doesn't love making 10, 20, 50%+ on a single trade. But over time this just isn't going to work unless you have the best TA or insider info. Instead, I've more recently been learning about day trading based on depth chart analysis. Picking coins with huge order books (+100 BTC buy/sell) and huge volume (+1,000 BTC in 24hrs) to avoid the manipulation from whales - getting the charts assessed by the team and trading off the fluctuations. My aim is to make 1% in a day - that's super easy, especially with indicators suggesting which way the price will ebb and flow. An example chart is in the image below (it's ADA so don't hurt me if it isn't your favourite but it is the first one I grabbed, coins vary depending on what satisfies the criteria): https://media.discordapp.net/attachments/457359982346633227/488851698664734721/unknown.pngI would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned. I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision. Come and see the free charts in the discord above and say hello. Any suggestions/improvements on this strategy always welcome. 1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community.
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vit05
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September 11, 2018, 09:54:33 PM |
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This strategy is interesting. But would you have a few more numbers to prove its effectiveness? The problem is that the price in certain moments shoots and all the profit obtained in a week can go away in a single day.
But in bot management this is the logic and this provides liquidity to the market.
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DanTalksCrypto (OP)
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September 11, 2018, 09:56:55 PM |
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1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community.
Appreciate your response. At the moment I'm really happy with just trading flexibily when it suits me. Sitting in BTC most of the time to protect against dumps (I measure my gains in BTC rather than fiat). Means less stress!
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DanTalksCrypto (OP)
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September 11, 2018, 10:16:48 PM |
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This strategy is interesting. But would you have a few more numbers to prove its effectiveness? The problem is that the price in certain moments shoots and all the profit obtained in a week can go away in a single day.
But in bot management this is the logic and this provides liquidity to the market.
The team have setup a leaderboard read-only API so people can see the raw numbers for the individuals that choose to allow it. Which I see as better testimonies than something verbal. It has only just got going though so not much data yet - I hope to report good things in the future. To avoid shocks I have a tight stop loss (c. 1%). So if it "Barts" then I max am only 1 trade out. Then I just need 2 to fix my day. Some days I walk away with -1% or 0. It happens. But overall have been doing it a couple of weeks and am up 10%. FYI - all returns I measure in BTC. I would guess 95% of the day I'm sat in BTC so am protected against alts crashing vs BTC. I may miss out of mega gains but am happy to do that to avoid the losses. I'd be very happy to give you the tour if you want to stop by and say hello. Talk to the team behind the leaderboard bot and 24/7 analysis.
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Traderbtcc
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★Bitvest.io★ Play Plinko or Invest!
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September 11, 2018, 10:17:39 PM |
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You've got great stuffs going on here. I like the idea and it looks really good. Instead of focusing on big profits and getting rekt, take a lil bit of risk and make 1% daily? Sounds like a good plan. I'll be keeping an eye on this thread to see your progress. I might join in along the way. Keep it up man. Kudos.
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DanTalksCrypto (OP)
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September 11, 2018, 10:27:27 PM |
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You've got great stuffs going on here. I like the idea and it looks really good. Instead of focusing on big profits and getting rekt, take a lil bit of risk and make 1% daily? Sounds like a good plan. I'll be keeping an eye on this thread to see your progress. I might join in along the way. Keep it up man. Kudos.
Cheers man. At the moment I just trade with my stack at the end of each day. I know others who will take out / set aside 30% of any previous day's gains and only trade with the additional 70%. That way they still grow their stack but also get a flow of new BTC to do with as they please. Do come and say hello.
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Mr_Akbar
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September 11, 2018, 10:52:55 PM |
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You've got great stuffs going on here. I like the idea and it looks really good. Instead of focusing on big profits and getting rekt, take a lil bit of risk and make 1% daily? Sounds like a good plan. I'll be keeping an eye on this thread to see your progress. I might join in along the way. Keep it up man. Kudos.
Learning to cut my bleeders was the hardest lesson I had.. Day trading has been way more profitable for me now that I'm focusing on small, incremental gains. Compound interest is the most powerful force in the universe!
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DanTalksCrypto (OP)
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September 12, 2018, 06:48:18 AM |
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Learning to cut my bleeders was the hardest lesson I had.. Day trading has been way more profitable for me now that I'm focusing on small, incremental gains. Compound interest is the most powerful force in the universe!
I only wish my bank would give me 1% per day interest rather than per year! Does anyone else follow a similar/different strategy they would like to talk about?
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ncn1992vn
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September 12, 2018, 06:57:11 AM |
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1% per day is a fairly high figure for those with large investments Despite the volatility of the market I am not this number can stabilize or not profit by risk
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Moiyah
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September 12, 2018, 11:58:58 AM |
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oh, you are an altcoin day trader? 1% profit for me is just small profit, considering the fees for every transactions. Anyhow, nice learning about depth chart. I have seen you have a great result on your trading. I may follow your step but I guess I am still suffering from restraining myself and self-confidence.
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worldofcoins
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September 12, 2018, 12:22:27 PM |
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In my opinion there are many people who are currently thinking if Bitcoin will ever reach near 10k. The future asbit looks at the moment seems bleak and this may just be a passing trend
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Zipposs
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September 12, 2018, 02:16:34 PM |
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oh, you are an altcoin day trader? 1% profit for me is just small profit, considering the fees for every transactions. Anyhow, nice learning about depth chart. I have seen you have a great result on your trading. I may follow your step but I guess I am still suffering from restraining myself and self-confidence.
I'll give you Compound interest example: Let's say you start with 1000$ You're making 2% daily you reinvest 70% and withdraw 30% for a course of 365 days Now visit http://compoundaily.com/ and enter those numbers and see the results: Summary: You started with an investment of: $1,000.00 on Tue, Sep 4, 2018 Your principal amount grew to: $159,904.22 by Wed, Sep 4, 2019 Your total cash withdrawals were: $68,102.01 over the course of 365 days Your total NET profit for the 365-day period was $227,006.23 (22,700.62%)
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Noa_Amable
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September 12, 2018, 02:21:13 PM |
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Hi I wanted to write a small piece about my experience day-trading since I switched my focus from moon shots and started listening to the folks at Voodoo Crypto: https://discord.gg/BN9P2tkMoon shots are great - who doesn't love making 10, 20, 50%+ on a single trade. But over time this just isn't going to work unless you have the best TA or insider info. Instead, I've more recently been learning about day trading based on depth chart analysis. Picking coins with huge order books (+100 BTC buy/sell) and huge volume (+1,000 BTC in 24hrs) to avoid the manipulation from whales - getting the charts assessed by the team and trading off the fluctuations. My aim is to make 1% in a day - that's super easy, especially with indicators suggesting which way the price will ebb and flow. An example chart is in the image below (it's ADA so don't hurt me if it isn't your favourite but it is the first one I grabbed, coins vary depending on what satisfies the criteria): https://media.discordapp.net/attachments/457359982346633227/488851698664734721/unknown.pngI would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned. I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision. Come and see the free charts in the discord above and say hello. Any suggestions/improvements on this strategy always welcome. 1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community. the greatest decision, not to let other people trade for you and take decisions on your side only. 1% a day is good profit though many of us came here to make 1% per minute, right? that's really pity thing
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allahabadi
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September 12, 2018, 03:43:26 PM |
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In a bear market it takes a lot to moon.
But yeah 1% a day when compounded is huge.
Patience and perseverance is the key.
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DanTalksCrypto (OP)
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September 12, 2018, 06:38:09 PM |
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oh, you are an altcoin day trader? 1% profit for me is just small profit, considering the fees for every transactions. Anyhow, nice learning about depth chart. I have seen you have a great result on your trading. I may follow your step but I guess I am still suffering from restraining myself and self-confidence.
You should come and say hello - would be great to talk you through. I should have been clear - the 1% is after fees (that is my aim). So 1.3% is really the goal on Binance to allow for the buy and sell.
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DanTalksCrypto (OP)
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September 12, 2018, 06:39:52 PM |
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In a bear market it takes a lot to moon.
But yeah 1% a day when compounded is huge.
Patience and perseverance is the key.
Exactly - and if I don't trade on a particular day I don't stress about it. Today's TRX trade went well. 275 to 280 sats. 1.67% after fees. Happy man!
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Sandra999
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September 12, 2018, 08:57:22 PM |
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I would say that you have had a good and nice experience you had with day trading but it is best not to trade in a constant bear market as you can lose your money day trading in this season
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matthewoz101
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September 13, 2018, 12:13:35 AM |
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It's easier to predict a moon shot with social signals than TA.
Making 1% is great for people who have tons of funds. It's not so great for people with less capital.
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Patient_Zero
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September 13, 2018, 12:26:27 AM |
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You've got great stuffs going on here. I like the idea and it looks really good. Instead of focusing on big profits and getting rekt, take a lil bit of risk and make 1% daily? Sounds like a good plan. I'll be keeping an eye on this thread to see your progress. I might join in along the way. Keep it up man. Kudos.
indeed, for novice players, they should not be carried away by emotion to get big profits, I like safe trading even though the smallest business profits can continue, because cryptocurrency prices are currently unpredictable, to get a high price increase for now is still difficult, so it is true that we only sell from day to day always monitoring prices so that we avoid many losses.
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