Quote from: Awesomus Maximus on April 23, 2018, 05:08:33 PM

Quote from: liltrader on April 20, 2018, 11:41:37 PM

Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example the coin has recently crossed important Resistance.

This day trading stuff, people claim to make money with it. It has never worked for me, at least not so far. I find it to be very close to a gamble. Do you lose money from time to time? How do you cut loses?

I try to HODL the drawdown coins as long as possible and still trade, trying to take as much profit as I can from the bullish movements of the coins. I had a lot of drawdown at the beginning of 2018, during the bearish phase of crypto markets. The most profit I got from that times was from Monero and Dash. As I close profit trades daily - I try to compensate hanging positions with profit from daily trades, so at the end of the month, my overall balance at least stays the same. Sometimes I had drawdown at the end of the month, to be honest. But thanks to trading on many coins it wasn't critical.
Today almost all coins that I was HODLing came back into profit zone, so I managed to close old trades.

I do not risk something, which I can't afford to lose. Crypto markets can wipe all your account away very fast.