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RE: Introducing our first Crypto Market Scanner

in #trading • 7 years ago (edited)

"One last thing -when you say to go small for those day trades how small we should be ? Put $10 on a trade $50, $100 or?"
A small trade is Relative to your account size.
So if you have total account of say $100, small would be $5
If your account is $1000, small would be $50

7 years ago in #trading by
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     7 years ago (edited) 

    Trading in percentages of your total account makes sense, so you can

    1. better diversify coins by having multiple trades going on
    2. limit risk
    3. leave room to add more to an ongoing trade.

    3-10% of your total account makes sense for cryptos. Some professionals say no more than 5%, but do whatever you feel comfortable and within your goals. With smaller accounts, better to go higher to increase your chances of doubling your account.

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