Post
Topic
Board Trading Discussion
Re: Bad time to get into daytrading?
by
CryptopreneurBrainboss
on 11/09/2019, 09:50:31 UTC
Every time I put my money in it would start to go well, all the indicators pointed to success then all of a sudden it would plummet out of nowhere. I'm wondering is this a bad market to start learning to day trade in or do I just need more practice. Also any tips?

This isn't your fault in general, you must be above average (via trading) to benefit from this current market conditions as the current market conditions doesn't favor day trading unless your focus who involve just trading bitcoin against the USD. Majority of the altcoins are declining in price on a daily base and for those gaining some fraction of value in USD they're losing value in BTC.

I'll suggest you use this time as a practice period, only trade with few funds you can afford to lose. The strategy I rely on in the difference market conditions are; during the bull market, I engage in day trading but I result to hodling my coins during the bear market. From my observation, bitcoin/USD is the only trade worth engaging in.