You can make lots of money daytrading coins, but it’s stupid in my opinion.
Buying and holding is the best strategy for crypto.
You can make 100 good trades daytrading but then give it all back with 1 bad trade.
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PS: I don't lose money. I don't allow catastrophic losses. It's a lot more work, but the gains I make would be incredible by most people's standards. My few followers know I'm the real deal. The blog helps me with the fidgety moments. Is IS hard work and stressful.
That's good. I wasn't saying that I doubted you or thought it was impossible to make money daytrading. It is easier with crypto than stocks thanks to the increased volatility, but I have seen too many people miss out on %50-%100 gains on a particular coin because they were trying to day trade up another small profit.
Trust me, I know money can be made. I tend to not always "practice what I preach" when it comes to not making trades. I know that if I just buy and hold some of my favorite projects for the long run that it will work out, but the lure of easy and quick coin pulls too strong sometimes.
I will check out your trades and advice and maybe even allocate 0.1BTC towards tailing you to see if I can do something.
I followed/sent a good upvote. Keep up the hard work on Steem too!
Yeah but those coins that go up that far almost always come back down. I'd say the probability is 80% If you're not there and prepared to sell, you just end up where you started. The odds of a long term holder being on the spot are pretty low.
Most people don't have the time. I'm disabled I can't walk anymore so i have nothing but time. For most people I say "Just buy some bitcoin."
I'm not giving advice, I'm documenting my trades, and sharing some of my tools. I haven't recommended anything, or advised anything. I just post what I trade as I trade it, and my thinking. Sometimes a chart if I'm feeling generous.
oh yeah, thanks for the tip! Here's a link to the trade disclosure for this position (my am/pm notation may be off i'm kind of sloppy that way...): https://steemit.com/cryptocurrency/@lensman/cryptocurrency-bitcoin-trading-position-changes-changed-back-up-position-out-of-bitcoin-to-alternative-coins-that-go-up-when-btc
to each his own.