What are some newby daytrading advices?

youtube.com/watch?v=4lc8788xU7Y&list=PL33D0C18CDEBF64B7

Rule 1) don't do it
Rule 2) (because I know you're going to ignore rule 1) paper trade first, for at least 2 weeks. Make sure to include fees in your paper trading and at the end compare to if you had just bought and hedl btc or eth

You should be trading with all your funds to get the maximum profit and only stick to 1 or maybe 2 things to trade because trading a bunch of things will be too difficult and you want to focus all your energy into one thing.

Also make sure to stick with penny stock and small market cap cryptos only. Nothing with a market cap over $500 million in crypto, no exceptions. And remember that if a coin has a lot of volatility, you should stay away. Also if a coin has a lot of volume, that's a really bad sign and you should avoid it. What you want to trade are those coins that have $500-$1000 per day volume and the more exclusive and less well known the exchange is the better it is.

Good luck and remember that if you do all this you'll be rich.

buy high sell low

>how to accumulate bags 101

great lesson my man. what's your Mooncoin address?

The dude's practically a guru what can you say

best advice on Veeky Forums

Don't.
Just buy some stuff and HODL.
While u hodl u can gain experience from observing the market.
When u have some experience, u can try some daytrade shit, but as a noob u will get rekt. Believe me.

im going to tell you what i do. sort the charts by the coin with the biggest drop (highest red %). literally stock up on those coins, and wait for their fortune to turn around. thats what ive been doing. profit

he's being sarcastic you autistic fuck lmao

STOP BUYING SHITCOINS

>varg.png

don't daytrade for fiat or you will get fucked with recording taxes

listen to whatever is being shilled here, buy that shit.
If it increases in value, hold, you might be a millionaire in a few months
If it dips, hold even stronger, and shill for yourself

1. Always daytrade with small/moderate amount especially if you are dealing with crypto.

2. buy low sell high

but OP, don't fucking do it. Just hold it.

this. daytrading is for a market that fluctuates but stays relatively even

but if you have a straight bull market like we do its way better to hold

daytrading is like you can win 9/10 times but the 10th will put you back at square one

>the 10th will put you back at square one
That's what stop-loss is for famalam

>Technical analysis is a meme. Disregard it.
>Always risk 1 to gain 2.
>A 1% profit is still profit.
Way more efficient than moon missions imo. You can reasonably expect 1-10% per day vs holding onto shitcoin for weeks, sometimes months, hoping for a big trade that's less than the many small trades you could have made, even if constrained to a single coin.