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Showing 6 of 6 results by JustNerd
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Board Trading Discussion
Re: Day trading, the very beggining
by
JustNerd
on 04/10/2018, 17:33:55 UTC
No books can prepare you; just don't go on bitmex; you will be rekt.

I agree with the part of: " No books can prepare you " but what has bitmex? Did I miss something?

This is not a very good idea. It cannot make you many money if you day trade. It might costs you a lot if you don't have the idea in trading.

this is good advice, OP said he just wants to learn, so he will not risk doing day trade with a lot of money. I hope

Im not goin to start day trading now, i just want to learn about it before that, some knowledge about that how works the market and maybe after that i will try Smiley

Best option would be to buy many coins and hold for a long time



I already have good coins holdings as metronome, wan, NEX and icx. But i have some other money in ETH and BTC so my idea is to increase them, i dont want to trade with fiat pairs or USDT, i prefer some pairs between alts and btc or eth and other alts, its seem for me harder to loose in usd value that way.
Post
Topic
Board Trading Discussion
Re: Day trading, the very beginning
by
JustNerd
on 04/10/2018, 09:20:18 UTC
Ok guys, so i made conclusion. It's better option to start learning after that swing trading, keep learning and after that day trading, its sounds like the most healthy way.
Post
Topic
Board Trading Discussion
Re: Day trading, the very beggining
by
JustNerd
on 30/09/2018, 19:39:32 UTC
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!

i haven't read too many books---i'm pretty much self-made. Tongue but i would recommend this one: "Charting the Stock Market: The Wyckoff Method"

it taught me a lot about market psychology and cycles, and how to step back and take a bird's eye view of the market you're trading.

as for courses, i would avoid anything paid. i've never heard anything good about paid services, and the general consensus is, why are these guys offering paid courses if they're such good traders? they should be stacking profits from trading!

you should check out babypips for a solid free online course that'll show you the basics of technical analysis:

one of the best places to start learning technical analysis is babypips. i recommend starting here: https://www.babypips.com/learn/forex

yes, it's geared towards forex trading, but TA is applicable to all markets including cryptocurrency. the first couple sections are introductory and mostly forex-related. i would skip to "course 3: elementary" and go from there.

for a beginner, i'd definitely emphasize studying support and resistance, moving average analysis, oscillators and divergences. this should give you a good base to work from.

Great post, really useful, that was exactly im looking for, thank you!
Post
Topic
Board Trading Discussion
Re: Day trading, the very beggining
by
JustNerd
on 29/09/2018, 18:59:30 UTC
Thank you for the reply everyone.

Im not goin to start day trading now, i just want to learn about it before that, some knowledge about that how works the market and maybe after that i will try Smiley

I have been profesional poker player since 5 years ago so the mental part is not a problem, but im tired from the poker so i want to try something new, while im hodling in this market.
I think you must learn first how trading works before you going to day trading because day trading is too risky compared to longterm trading.

You can try some crypto trading courses like this youtube link https://www.youtube.com/watch?v=hUGW3BiM-FA

I hope that it might help.

Yes, i want exactly something like that. Something which can give the the base which i can build up, those days the problem is not the lack of information but the quality of the information, i just need something which is worth it.

Post
Topic
Board Trading Discussion
Re: Day trading, the very beggining
by
JustNerd
on 29/09/2018, 18:03:53 UTC
Thank you for the reply everyone.

Im not goin to start day trading now, i just want to learn about it before that, some knowledge about that how works the market and maybe after that i will try Smiley

I have been profesional poker player since 5 years ago so the mental part is not a problem, but im tired from the poker so i want to try something new, while im hodling in this market.
Post
Topic
Board Trading Discussion
Day trading, the very beginning
by
JustNerd
on 29/09/2018, 14:44:15 UTC
Hi guys,

 I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.

October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.

Thank you!