Day Trading Cryptocurrency 101 - Ultimate Beginner's Guide
Day Trading Cryptocurrency 101 - Ultimate Beginner's Guide
How to Day Trade Cryptocurrency: Strategy for Beginners
A Beginner’s Guide to Day Trading Cryptocurrency | Binance
How to Day Trade Cryptocurrency: The Best Strategies for
Day Trading Cryptocurrency – How To Make $500/Day with
This is an open community for every type of day trader whether if you're beginner or expert. The purpose of this subreddit is to share trading experiences, trade reviews, knowledge drops, market news and generally anything related to trading. We will be mainly focused on day trading US equities but will not be limited swing trading, crypto or forex.
Looking to day trade crypto, what coins should I️ be watching?
Hey everyone! Been watching crypto for a while now but I’m just starting to dabble with day trading. I’d like to start trading coin but I️ do know which ones I️ should be looking out for. My questions are what are good cryptos to day trade and why? What are good guides on crypto day trading? Edit* People are concerned that I’m going to loose all my money but I’m only starting with a small amount that in my mind I️ lost already... I️ also mined it so no investment really went into it.
Hey guys, I been in crypto since 2017. I have attempted day trading a couple times but got burnt a little and gave up. I'm familiar with trends and some TA. But I never day traded 100k before. So I decided to give it a try. I decided to trade Polkadot it was new and on uptrend but somewhat flat. I was trading on the 1 minute chart. My plan is, get 1 trade a day right, make 1000-2000 dollars in 5-15 minutes and get off "work." Well I made 3k today off 2 trades. Maybe I was just lucky. So throughout the day I practiced without actually using any money. Called all of them right with Link, BTC ETH and XRP. Made some more calls correct with polkadot on its downtrend. I just zoom out and look at the trend and resistance levels. I'm conflicted honestly. I am originally an investor. I want to do both, but this money I was trading was actually a good portion of my long term portfolio. reason why I am doing this is because in crypto I feel like we are in a bubble again for some of these "defi" coins like chainlink running up from $1 to $20 and Lend basically 100x. It's nuts in crypto right now. So I went into a stable coin and bascailly got the idea to try trading. I'm just looking for advice. Maybe stick to my long term positions and work for another 2 years and save up another 100k, maybe my investments will moon again, and then I'll have 100k again to trade (at this point screw real estate and dealing with nasty tenants!). I will definitely continue to practice trading. I just see this possibility of quitting my 9 to 5, but I want to invest long term too. What would you do? Stick with the long term investments or turn my portfolio into a trading machine? I don't want to day trade $10,000 and try to trade 40 times in a span of 8 hours. That sounds dumb and you might as well be at work. I need a $50k - $100k stack. 1 trade per day done and over less than 20 minutes. Trading on the 1 minute, should be over under 5 minutes. Edit: was wrong on 1 call when practicing, but it came through within 20 minutes. Would of been a +$600 trade on Chainlink.
@binance: There is normal time... and then, there is crypto time. 1 normal day = 1 crypto week (feels like it anyway) The pace things move in the crypto space is honestly insane at times. Remember to hydrate, eat, actually sleep, trade smart & trade safe. Get some #Crypto Twitter! 👊
@cz_binance: RT @binance: There is normal time... and then, there is crypto time. 1 normal day = 1 crypto week (feels like it anyway) The pace things move in the crypto space is honestly insane at times. Remember to hydrate, eat, actually sleep, trade smart & trade safe. Get some #Crypto Twitter! 👊
I was frustrated with crypto discussions being banned on r/wallstreetbets, so I've created a crypto version r/SatoshiStreetBets! Support and help grow it if you're interested in a not-too-serious place to chat after a hard day's trading
How do people day trade stocks/crypto and have enough profit to continue after taxes?
This is going to sound dumb but I just cannot fathom how it's possible to make any profit unless you're constantly making like 1000% gains each trade. If I bought 10 bitcoins for example in 2014 for 300 each and sold today at near 10k (lets pretend its all round numbers) I'd make 100k, and because it's long term holding would be about 60k after taxes in NY state due to federal state and other taxes. Then, in order to buy back in and keep the same skin in the game the price of btc would need to drop alllllll the way down to 6000 per coin to break even on your btc sales. So how can people constantly be buying and selling short term if taxes are so high, especially higher for short term sales/buys? How is this profitable at all? You'd basically have to gamble 10k to make like a hundred bucks if stocks and crypto flux a bit at a time. Is it really all volume based? What am I missing here? How is it that people claim to make these huge gains when continuing the cycle of paying more in tax on the previous trade than it takes to buy back into the market to keep making those big trades?
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Unathi Kwaza RT from antski: @MISSYFIELDS19 @Unathi_Kwaza im hugely biased and boots and all into crypto - looking to retire with cryptos soon (without doing trading). But even the old school/traditional investor will be silly to not have a little crypto in these days. I believe 2% of your holdin...
Without KYC - You can only trade (deposit + withdraw) up to 4 BTC per day... Click here to read more -https://support.coindcx.com/support/solutions/articles/36000195265-what-is-the-maximum-minimum-crypto-withdrawal-limit- #TryCrypto #FAQ
Have you joined $LINK battle at the Arena? Here’s the winners for Day of the battle 1! Trade #LINK on the Crypto.com Exchange before 16:00UTC to enter the next round of battle and don’t forget to boost your chance with $CRO booster! Details:
Have you joined ATOM battle at the Arena? Here’s the winners for the Day 1 of the battle! Trade ATOM on the Crypto.com Exchange before 16:00 UTC to enter next round of battle, and don’t forget to boost your chance with CRO booster!
Conclusion – Crypto Day Trading. If you took the time to read the whole day trading crypto guide, then you should be able to buy and sell Bitcoin and alts and make some daily profits. If you are interested in learning how to day trade cryptocurrency, be sure to equip yourself with enough information before diving into the market. Day trading strategies for different cryptocurrencies are similar since the crypto market is characterized by uniformity – all assets may fluctuate in price by the same patters. However, more experienced traders might be aware of the differences between currencies: they know which coins are trading well. Crypto Day Trading Strategies (That Work) Are your funds uploaded and you’re ready to go live as an enlightened crypto day trader? If so, it’s time to figure out your trading strategy. It’s fine to switch up techniques and be versatile but some trade setups just seem to work so well. That way, you can find the best assets to day trade in any market other than crypto. Liquidity of the Cryptocurrency. Liquidity of a cryptocurrency is the degree to which a cryptocurrency can be bought or sold without affecting the price. In the simplest terms, it is the ability of a cryptocurrency to be converted to cash easily. How hard is it to day trade crypto on Robinhood? The short answer is: very easy. Unlike the stock market, you do not need a $25,000 portfolio to make more than 5 intraday trades per week. Because the crypto market never closes, you’re able to trade at any time or day of the week. Freedom like this can make trading crypto very enticing to a
How To Daytrade Crypto - 2 EASY Crypto Trading Strategies
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