Post
Topic
Board Trading Discussion
Re: My experience day trading - no moon shots
by
Thirdspace
on 14/09/2018, 22:37:20 UTC
I would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned.

I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision.
Stop losses are very important. I learned this the hard way in the beginning!

it really does add up in the long run, but maintaining 1% daily profit is not as easy as said
and having stop losses is great but I think 1% is too tight in crypto trading
so your trade range is somewhat very narrow Undecided with 2% between stop loss and sell on profit
won't you be getting losses more often than making profit, and ended up in loss position