You are viewing a single comment's thread from:

RE: Beach trip with the drone , crypto shirt #4

in #steemit7 years ago

You asked me earlier about day trading. Sorry I didn't get the chance to respond. Basically you want to do tiny trades when the markets are stable. When you see a good dip, you should buy and then place a sell order at 2% higher. For example, if you buy Ethereum at $623, you should sell it at $635. You might see 2% fluctuations several times a day, so If you're lucky you could make 10% on one day. If you try and sell above 2%, you might miss the target, and become a bag holder if it drops back down. It's better to place a bunch of small trades, and let the compound interest add up.

Sort:  

@remotediscovery This advice is amazing. Thanks for the update.