please gib day trading strategy that works
Please gib day trading strategy that works
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defcmc.com
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Buy the dip
buy high sell low
Put in $100.
The second you lose $1, buy $200 more worth at this price.
Repeat.
Sell when you're in profit of at least $3.
day trading is a meme
Study the work of ICT Michael Huddleston
>best advice you'll ever get on Jow Forums aside from buying LINK
be yourself
watch the charts 24/7 and try to find patterns.
Just don't lose money bro. Works every time.
youtube.com
no joke it sounds stupid but this fuckers strategy actually works , u dont have to bother paying for his consultation he even says you dont have too, just watch his daily videos and you'll catch what he's doing
i made this trade 5 mins ago just to prove it
closed it right before this pump , check price
if you want to unironically day trade, here are some things to know and you must dyor:
-study what are bollinger bands and how to use them for trading
-read what is rsi and how it's linked to volume
-always ALWAYS close positions before exiting, you don't want to wake up and find out your entire thing dumped while you were asleep (alternatively it could get high instead, but we are day trading here not swing trading which requires more research)
-don't be greedy, set your earning goals realistically instead of trying to get ath of the day. earning 1$ is still a profit, so exit when you're ahead
-unironically use the 1m price movements, scalp your way in
on what to trade:
-find a nice stable coin with high volume and a triangular pattern in a day
-make sure to attain a goal of at least 1% increase in your total net worth per day, you need to go all in for a high risk and high reward since I assume you dont have much to start, so you dont have much to lose. with compound interest you can easily double your money around every 70 days (at 1% gain daily).
-find an exchange that has low fees because they can easily eat your gains up
-careful about margin trading, if you dont know what you're doing you might get fucked. once you learn how to trade approach this step for exponential gains
on taxes:
-find a good software or service that reads .api keys for your trades and records how much you're gonna pay to your local government, don't buy in the meme that you only pay tax once per cash out to fiat, you pay tax on every transaction you do and as a day trader prepare to do many of them.
The most important advice: DONT BE GREEDY, THIS IS NOT A GET RICH QUICK SCHEME IT REQUIRES DISCIPLINE. You're gonna need an iron stomach if things go south during a trade so learn when to exit on stop losses and when to hold for reversals, most of the times you're gonna do the later to at least get even in the trade.
protip: never daytrade only buynow and yearhold
defcmc.com
BUY: BOMB, BAGS, SHOCK
NOBUY:Anything with supply larger than 1000000
thank me later
Good luck relying on heikin ashi only when the whales start manipulating again
cont.
a good thing about day trading is that you dont care if the price goes up or down on an asset since you aren't focused on hodling for capital gains, but instead take advantage of the volume trading. one con is that what you're taking time to build some other guy did his research and double his stash or at least gained a 30% gain and cashed out in a day for making a right decision. It all depends on your strategy, what kind of commitment you're willing to put in and the type of data you read, once you're over the basics though this will all seem like a videogame so it makes things easier. Also, learn to let go of money, if you're trading you can't have any sort of attachment towards it or you will let your emotions get the better of you. You gotta learn to dont care about 500 dollars going down the drain, and also dont care about earning 1k of them. Just stick to your strategy.
also this, this is why you gotta be careful when the volume is low as fuck so stay away from shitcoins
bitseven is really good with handling manipulations in prices, fairest lev exchange out there
i swear its almost impossible to get liquidated on bitseven
bump
>find reliable trade signals
>make 6% a week
This is what I've been doing
trade signals from where?
buy the dip, sell high
repeat
Discord or telegram groups. There should be ones that put out some free trade signals so you just need to watch those to get an idea how reliable the group is before investing
Buy and sell when the SMA lines cross each other
>use low leverage
>when BTC dips go long
>wait
>????
>profit
literally