Re: Where to restart? I just got back into my coinbase from 5yrs ago? advanced trade
Quote
I know there used to be good youtube channels, but if you do a search its just "here is how to set up your email to get coinbase!"
Follow Mitch Ray on YT and watch his livestreams, this dude does not have any deals with exchanges or any sponsors.
I've been learning from him since 2017, and in my opinion, he is great at what he does.
Also he is very honest when asked about any trade setups from users.
He runs his own discord, it has a paywall if you want the extra juicy trade setups before anyone else, but none the less, it also has a free section that has great values for anyone into trading.
This is his latest YT stream -> https://youtu.be/sODV9Fp7HNg
Thanks for the replies and the link. I dont know who is the 2025 version of "BTCnick", or who ever those bitconnect kids were on youtube, or now jailtube.
From what I found its just videos of people with huge screens of the coinbase AT page and flashy home offices so it looks like they know what they are doing. But in reality its more like this: I saw this guy on YT explain how to make a limit order, with areas of support and everything. BUT the problem was his order was based of 24 months of data!!!! So why even bother with such orders, a market order is fine. Not exactly a day trade, but it seems like the youtuber was hiding that or just parroting buzz words. Yes this is part of what I'm looking for. I apologize if I wasn't clear ( I am legally blind and sometimes autocorrect doesnt work). The coinbase fee structure seems like it is made purposely difficult. Well it is, but thats another topic.
So this is what I learned so far so you guys have a starting point to point me in the right direction.
When you first open your coinbase account NEVER buy coins in the "blue" or nonadvaced mode screen. It has somesort of crazy fees that are based on some index plus a % of something? I'm not sure, but I do know it costs around $25 to buy $500 worth of BTC. This also seems to happen when you are using your debit card.
So I got arround that by clicking the option for CB advanced.
Next and this is important: I linked my CB account to my checking account using that awful plaid service. (just another way of many for CB to make extra money!) Now I could put cash in my account for free (think?)
So once you have cash in there you can buy $500 of BTC for a few $USD.
But this is still too high: I plan on waiting for coins to oscillate up and down ~5%. And only hold for hours or a day or so. (I could explain my strategy in more detail, but thats another thread. This strategy did work very well for me about 10 years ago.)
So a 2% fee is too high.
But another thing I learned this morning: After making a lot of $100 trades here and there, coinbase just sent me a text saying it was lowering my fees!!!! So what other hidden parts of coinbase are out there?