Quote from: rremus91 on August 05, 2017, 12:09:47 PM

People say that I shouldn't invest in more than I could afford to lose, so let's say just $ 200 would be okay, which is currently 0.06297962 BTC (1 BTC = $ 3175). Currently it's ATH so I'm not investing right now, I will just wait for price to drop. After losing nearly 2k USD in altcoins because I wanted to "go with the train" when the price seems to reach new high, the price suddenly dropped. So I'm not going to do that again.

What have I learned studying the charts in the past that the price what you can see aren't the real price, because of the fees and they are available for 1 whole Bitcoin. So assuming buy low: 2818 USD and sell it 2825, the price difference is $ 7 USD. My inner me said, oh that's 7 bucks of profit for risking 2818 USD. Yes, the price difference is $7, but the fess aren't applied which depends of how do you buy/sell the FIAT or Bitcoin. If you sell/buy it on market price, a 0.26% fee is applied and selling/buying with limit the fees are 0.16%. Below you can see the price and fees calculation

1. Buy at 9:00 am 1 BTC for $2818 at limit price (0.16% fee), you will have: 0.9984 BTC (0.0016 BTC fee)
2. Sell at 2:00 pm 0.9984 BTC for $2825 at limit price (0.16% fee), you will have: $2815.97 ($4.51 fee)

As you can see, even if the price increased by 0.25%, you will lose money because of fees. In this scenario, risking $2818 you lost $2.03 in 5 hours. That's just crazy. Your loss will be higher if you buy/sell on market price (0.26%).

I made a simulation in excel applying formulas to see my investment:

-$7.67 if you buy/sell on market price (worst scenario)
-$4.85 if you buy at limit price and sell at market price
-$4.85 if you buy at market price and sell at limit price
-$2.03 if you buy/sell at limit price (the best scenario)

So, in order to be at 0 (no loss but no profit either) the price should increase by $12 (or 0.43%) which is $2830. See below:

By investing $200 you won't get any reasonable profit ($6) even if the price increase by $100 ! Buy at: $2818 and sell at $2918, see below:

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As you can see, the fees are strictly high and most of the time people just ignore it and secondly, investing more into Bitcoin you will gain more profit, but the risk also increases.

So here are my questions towards to you:

1. How do you day trade?
2. How much money do you invest?
3. Do you have a stop-loss? Do you have targets?
4. Are you using some helper tools like tradingview?
5. By day trading it means that you continuously need to follow the market and get in/out. (You need to stay in the front of your computer which is time consuming).
6. Do you make multiple sells/buys in a day? How do you get a valuable profit after applying the fees in a given time-interval if the price difference is pretty low.
7. Day trading or just buying and keeping?

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Long time trading looks to be more profitable towards day trading. By long time trading I mean for 10 months or 1 year. If you invest in Bitcoin $100 in every month, just buying and holding, at the end of the year you will have aprox $2200 for $1000 investment. That's 120% profit! (Calculated for past year from 1 Feb 2016 - 1 Jan 2017).

I usually trade using the poloniex.Poloniex js an online money tradinv website that can help your make your bitcoin bigger in a ahort period of time.With poloniex you can ensire that your investment is safe because it was already teated as a legit website.