Post
Topic
Board Trading Discussion
Re: looking for 15% / day (short term trading)
by
Cryptonym0us
on 02/11/2018, 07:00:45 UTC
it is very difficult nowadays to benefit from short-term trading,. even a 15% / day profit becomes impossible for the current price situation..
there may be some trading strategies that you can suggest here. bittrex is the place for me to trade
1. what coins you use for short-term trading
2. what time do you usually trade
3. how much profit you can with your strategy (profit / day)

I'm using an approach based in compounded growth rates. Basically taking quick in and out trades of 3% gain 2% stop-loss (buying and then selling alts) in small time frames to accumulate btc. So I’ve been experimenting with it this week and so far I’m quite happy - of course I think I still need to experiment more with it but so far I’ve taken about six trades - got stopped out in 2 with a 2% stop loss and got in and out successfully in the other 4. So far I’m up 8.05% of my initial investment, which was a small one as I didn’t want to start bigger because I’m exploring the approach.

I get a signal every hour, some trades have been quite fast and some others have taken as much as 4 hours. On Fridays they release a bunch of signals for everyone in the channel (not sure but I think every 10 minutes or so). Excited to see how this works having more charts, so far it has been good but as I’m new to the approach it’s been a bit of a challenge to understand how to read the depth chart properly - sometimes I could have avoided a 2% stop if I had a bit more expertise reading the chart. Voodo crypto