Who in here trades or day trades cryptocurrency? 🤔

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Who in here trades or day trades cryptocurrency? 🤔

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Day trading is a sham

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Dave Peterson

Jay Si, sham.

Dave Peterson

AirFusion , lol. It is immaterial what amount of money can be made from it

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Dave Peterson, I used to watch a guy on twitch who’d do it for 14 hours every day, EVERY DAY profiting about $3000 USD… So per month average $90000 USD if he profits every day of the month… He loses some here and there but average was about 95% profit compared to loss

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He started with $15000

Dave Peterson

AirFusion , so you are saying thats a tough pill to swallow? 😀 I made money from it. I just realized its not the way forward for a currency.

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I do but with the help of signals mostly

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I do, I have for about 3 years now. Make profits daily

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Honestly I don’t think many people do it (probably you can count them on one hand) mainly because cryptocurrency market is so unpredictable that it’s almost impossible to make consistent profits trading it. Even YouTuber experts like Cryptojack do it as a side hustle/hobby

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Richard Laurent

Not to mention artificial pump and dumps

Richard Laurent

Incomer , that makes sense but then why don’t we see many full time cryptocurrency traders ?

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What are you looking for?

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Brian Bourgerie

Jay Si, I’ve messaged you

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Used to, realized I sucked at it and stopped.

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I do, but I don’t day trade

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Scott Cryptoman

Jay Si, I day traded during the boom a few years ago, but I switched to buying all the cryptos that have the most science behind them and have been holding long term for less taxes when I sell

Scott Cryptoman

Jay Si, When I was day trading that was much more profitable, but at the time literally every crypto was going up so it was a slam dunk. Since I’ve been holding its been profitable but not as much and at a steadier rate (it was since the collapse). However, I think day trading at the moment is far riskier than when I did it before.

Scott Cryptoman

Jay Si, For sure, to each there own and I 100% agree. Just be careful with shit coins or other coins with low volume. They’re ripe for pump and dump schemes, and that’s still widely happening. Also you’re gonna get a lot of scammers on some of these crypto groups, don’t trust anyone when it comes to taking specific advice (what coins to buy, etc)

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Just be careful. A pile of scammers on this site

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Surraysh Pillay

Yes sir. I would agree. As soon as someone post they will flank from everywhere

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I do but it’s not easy sometimes. I tend to buy in lows and self half when it’s high to hope to buy back in some more at fib levels.  Only do that with the play money.  Leveraging is better profits but also risky

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I do. Wait for dips, buy. Wait for it to pop to support level, check volume and news, determine if the trend is continuing up or down. Buy or sell as needed

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I’m a day trader

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I have make pretty consistent profits.. Especial at solid resistance levels like what we are at now.

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This is a good youtube channel to subscribe to. https://www.youtube.com/channel/UCjmuOggYJuh5wwq-ORmFnkg

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Unless you’re willing to invest 10000 plus or even more I’d suggest not day trading. Swing trading is where it is at. Also all depends on which cryptocurrency. You could have less but stick to swing trading and DCAing

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Joms Doria

Srinivas Nama, basically trading from up to weeks or months at a time. Lamence terms, day trading is left up to the big boys who have 100,000 plus

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Swing 🙌🏼. Currently “all in” on ada and MATIC.

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Leland Skelton

Shirjeel Khan, all in?! Jesus. Matic is not a project you want to go all in on. Learn risk management – 0.5-1% per trade max. I stick to rules and since September I’m currently 122% up overall.

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Leland Skelton, I think ur confused buddy. All in until I make 5-10 percent profit. Then I move my stack elsewhere. Also when I say all in, it’s money I can afford to lose. I’m up 6000 percent over 12 months.

Leland Skelton

Shirjeel Khan, no one should ever go “all in” Keep doing that and you will soon get wrecked. Good luck throwing your money away. Trust me from experience I’ve traded since 2014 and risk management was the single most profitable thing I learnt.

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Leland Skelton, I know the risks. I don’t care. The way I am is what made me who I am. I might go all in and get wrecked but I’ll make money elsewhere then repeat and recoup what I lost when I got “wrecked”.

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Joshua Peter, yes sir

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Robert Ritchie, even though I trade it, it is one of the coins I would recommend holding long term. Huuuuge upside.

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Swingtrading for the win

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Mare

Jay Si, gotchu man always welcome! Stay safe!

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https://www.guac.trade/

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I swing trade – too much of a gamble to day trade.

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Leland Skelton

Jay Si, extremely profitable. Ive made constant profit since september last year with a solid upward trend.

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I do margin trades on kucoin, very fun and addicting. Key is to leave about 25% for emergency crashes. I’ll use that emergency fund for quick prise rises at times but then quickly cash back out. Rest of my money I got half being sold at certain levels and the other half at a stop loss Incase a crash. I end the stop loss if price creeps down, it’s only for flash crashes really. It’s my security. Most important when trading on margin is just not to get liquidated.

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I use to trade but then I had to go to toilet

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