NY Crypto Rant - Volume #8 - Thinking about Day Trading again!

in #blog6 years ago

So most of you might not know, but when i first started crypto, i was day trading daily. Back when BTC was much lower, i was playing with around .4 BTC split into about 4 trades of about .1 BTC each. I was doing pretty good and earning about 3-5% daily and maybe earning around 100-120 bucks a day. It was not easy and it was most certainly wasn't stress free.

I was jumping out of bed at midnight to run to my office and make a trade or to make some stop-losses. It was not fun and i am already stressed as is. But looking back to the gains i was making and how things were going for the most part, i could have done insane trades since then and made better positions for myself.

I really would like to do this with existing holdings, but i would hate to lose my positions, it literally scares the SHIT out of me. But i could be looking at insane gains when i look at it down the road. Projects like $ICX $WAN $NEO which have huge swings could see huge earnings......but i'm scared!

So i might put some money into something with huge volatility and then put those gains INTO my projects i love, and keep compounding my earnings. This way, if i lose money its not my precious long term holdings.

Thoughts? Questions? Concerns?

Matty drops the #MIC

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Don’t do it dude!

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8269.240$0.26%-2.64%
ICXICON3.528$-0.54%-9.92%
NEONEO59.847$0.28%-7.38%
WANWanchain5.957$-1.92%-12.72%