just wow. I can't imagine how he has done it. I'm also a newbie and trying to learn day trading but I don't really know if I'm on the right track. Is it alright if I ask advice from you? 😁
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just wow. I can't imagine how he has done it. I'm also a newbie and trying to learn day trading but I don't really know if I'm on the right track. Is it alright if I ask advice from you? 😁
Hi! I'm not very good at it either... but I get by haha
Basically, buy low sell high! Buy a bit at a dip, if it keeps dipping buy more, if it keeps dipping buy more! Basically, my biggest mistake at the start was going all in during a "dip", 90% of the time it would keep dipping, and I'd panic and sell and then it'll rebound just as a sell and i hit a wall LOL
Buy and sell in parts, don't sell all of it until you're happy with your profits and don't go all in unless you're 99% certain this is the end of the dip or you're 99% sure it'll rebound passed that point.
Also, selling at a loss is another thing that you gotta consider sometimes. I was stuck with bitcoin cash for about 2 weeks because I didn't wanna sell at a loss, missed many good opportunities!!
This is all I have to say right now, maybe later I'll write a guide LOL
Note: I have NO education in daytrading, i go 100% by "feel", no technical analysis or anything
I've made about 25 times my initial investment in 5 months but most of it has been due to hodling, not day trading (although my day trading days have been quite successful as long as I don't go all in at the start of a "dip")
Thank you for the tips! LOL I was also stuck for 2 weeks, but in my case, it was BTG. I'll try to study the ladder selling :) Currently, I strictly follow my rule where I sell once I gained 1-2% mark-up per transaction. It might look small, but it grows exponentially. I don't know if there are others who are also doing this or this is a good strategy. I will be looking forward to your guide :D Cheers!