Ninjastic
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Board Trading Discussion
Re: Cryptocurrency Day Trading: How to Get Started & How to Win
by
FanEagle
on 20/07/2020, 21:03:17 UTC
Quote from: ashmodeus on July 13, 2020, 04:01:14 PM
Quote from: FanEagle on July 12, 2020, 01:42:26 PM
So, I work on other resources to save some big capital to buy more BTC at possible dips.
yes , i also looking for it,and somehow, we still possible to under 8k range, based on what analyst say on many many TA .
i just thought it will be happen on june 26 when $930M in Bitcoin Options Expire on deribit futures , but well, i guess bear have no interest anymore with something like that,after BAKKT last year.
This is the reason, to avoid any disappointment when you're looking for buying at dips, it will be always a good practice to buy for some 10% of your available capital at current market prices. Because, we cannot exactly predict what is going to happen, so that you must ensure not missing all available opportunities. When market will be moving up or down then you can go for buying another 10% from your available capital (and not from the initial capital).

This is not at all covered by any of day trading technique. Because it is all about long-term holding and it is a viable trading technique only when we are having long-term plans for holding. Once I tried to day trade bitcoin but I was unable to tackle against bitcoin's high volatility but current market seems a complete different one and it is highly suitable for day trading. But, I am still afraid to get into day trading because of the bad lessons and I have learned in the past Embarrassed.