Brmaster (OP)
Member
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Activity: 69
Merit: 10
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July 11, 2014, 08:41:43 AM |
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I like doing bitcoin trading to earn money  |
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dadugan
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July 11, 2014, 10:06:25 AM |
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Day trading has close to 100% failure rate.
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johnathan32
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July 11, 2014, 10:11:45 AM |
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He did not seem to have the dealer is playing games I think  |
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notlist3d
Legendary
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Activity: 1456
Merit: 1000
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July 11, 2014, 01:29:45 PM |
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Day trading has close to 100% failure rate.
I would not say 100 percent. Make informed decisions, and most of all don't go all in to one coin. And keep some in BTC and well known Scrypt coins. There is great profit to be had on alt coins but don't just throw money at it and assume instant profit. And do it slow learn and don't just jump in with all your coins at once. |
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madken7777
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July 11, 2014, 01:32:10 PM |
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Day trading has close to 100% failure rate.
I would not say 100 percent. Make informed decisions, and most of all don't go all in to one coin. And keep some in BTC and well known Scrypt coins. There is great profit to be had on alt coins but don't just throw money at it and assume instant profit. And do it slow learn and don't just jump in with all your coins at once. People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year. |
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lynn_402
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July 11, 2014, 01:56:54 PM |
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Day trading has close to 100% failure rate.
I would not say 100 percent. Make informed decisions, and most of all don't go all in to one coin. And keep some in BTC and well known Scrypt coins. There is great profit to be had on alt coins but don't just throw money at it and assume instant profit. And do it slow learn and don't just jump in with all your coins at once. People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year. When being patient and doing a lot of research before buying, and keeping your emotions out of your trading, it really isn't that hard. If you never sell below the price you bought at, and keep your eyes open to sell on pumps, profits are to be expected. That is if you are modest and consider 10% profits as good; many seem relunctant to sell under 100%. |
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LazerSMS
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July 11, 2014, 02:03:48 PM |
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good for you, dear "2 posts" user  |
Send and Receive SMS Anonymously with Bitcoin | LazerSMS.com |
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iram3130
Legendary
Offline
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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July 11, 2014, 03:06:46 PM |
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Day trading has close to 100% failure rate.
I would not say 100 percent. Make informed decisions, and most of all don't go all in to one coin. And keep some in BTC and well known Scrypt coins. There is great profit to be had on alt coins but don't just throw money at it and assume instant profit. And do it slow learn and don't just jump in with all your coins at once. People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year. lol, It's not true, I know so many day traders who earn too much with day trading. Day trading is just more risky then trading for long time. |
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krishatnet
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July 11, 2014, 03:35:51 PM |
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good luck. Always use stoploss in trading.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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drmundo
Newbie
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Activity: 42
Merit: 0
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July 11, 2014, 05:22:38 PM |
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good luck. Always use stoploss in trading.
have you made good profit with day trading? i feel like its super impossible to scalp. |
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HarryT1923
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July 11, 2014, 05:41:56 PM |
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Day trading has close to 100% failure rate.
I would not say 100 percent. Make informed decisions, and most of all don't go all in to one coin. And keep some in BTC and well known Scrypt coins. There is great profit to be had on alt coins but don't just throw money at it and assume instant profit. And do it slow learn and don't just jump in with all your coins at once. look up pareto. it's likely more like 80%/20%. i day trade and overall am very much up in both $ and BTC. but only a small % gets day traded -- mostly trade longer time frame. |
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KimNam
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July 11, 2014, 05:41:57 PM |
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I like doing bitcoin trading to earn money that's a risky job prepare your mental and good luck, hope you make nice profit from it |
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Coef
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July 11, 2014, 06:49:32 PM |
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I like doing bitcoin trading to earn money Trading is a risky game, so you shouldn't put in more than you can afford to lose. Good luck. |
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Nathan101
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July 11, 2014, 07:26:33 PM |
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It is a good decision. I appreciate it. If you are experience on BTC trading, then you can easily make good amount of profit from BTC trading.
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WillyBTC
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July 11, 2014, 07:44:07 PM |
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Me too. I'm up overall, but got burned on a few trades and took a while to recover.  |
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HigsonPP
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July 11, 2014, 08:49:50 PM |
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it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.
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Bitsaurus
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July 11, 2014, 10:29:01 PM |
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it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.
TA only works if the masses buy/sell BTC based on those trends. If you try to do trend analysis on the path of chickens in a chicken coop you get nowhere. Most of the small traders probably aren't looking at the charts that closely to even know what a MACD is. |
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CEG5952
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July 12, 2014, 12:11:20 AM |
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it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.
TA only works if the masses buy/sell BTC based on those trends. If you try to do trend analysis on the path of chickens in a chicken coop you get nowhere. Most of the small traders probably aren't looking at the charts that closely to even know what a MACD is. People say TA is a "self-fulfilling prophecy", but I tend to disagree. And obviously, this could not be proven in any way. To me, patterns and indicators are more so a visual representation of the collective psychology among market participants. So, for example, a double top is very much a visual translation of buyers' hesitation to cross such resistance. Hence, a bearish sign. |
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Malin Keshar
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July 12, 2014, 02:25:23 AM |
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I like gambling to earn money The sad thing is that I don't always earn money  |
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wasserman99
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July 12, 2014, 03:51:34 AM |
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I like gambling to earn money The sad thing is that I don't always earn money What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice. |
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