Post
Topic
Board Beginners & Help
Re: $5,000 budget
by
prolom
on 01/01/2014, 17:35:54 UTC
Like others have said, buy BTC, nest it through LTC, XPM, etc, and then close spreads (market making) to get 10% per trade, 1 trade every 2-3 hours (if you're paying attention) then multiply 5% for each nesting level. If you know what you're doing, you can quant trade altcoins short-term and get 30% per day pretty easily.

With $5000 you might incur slippage, especially on heavily divided currencies, so you could diversify and just run 5 $1000 campaigns.

That sounds interesting but could you please clarify it for people like me with no background in trading or at least point us in the right direction? For instance nest, close spreads, quant trade etc - I have no idea what it means. You know - it' s a newbies board. I'm kind of on the same budget.

Thanks,

prolom.