So, I started daytrading officially yesterday (I did some trials last week.) My strategy is to hold two altcoins until they are sold for 2% more than buying price.
is there any particular reason why you chose 2%?
because it is such a small percentage even if you want to be the safest there is still room to increase that. you are paying ~0.2% fee each time you trade an with a buy and sell that is 0.4% gone. your net profit is 1.6% right now and i am not even bringing in the transaction fees for your deposit and withdrawal which is a big percentage of 0.0354
BTC that you are working with.
This was going good, until someone put a massive pile of ripple for sale just after I bought it. This is going to take a year before I can get rid of those.
not gonna say buy/sell/hold. just want to mention that you should learn about what "stop loss" means. that can help you save a lot of money in the future.