Without riding chinkish pnd coins like verge/tron
Tell me again why day trading is bad?
I turned $20 into $675 in 30 days
because I can't do it
You couldve just worked for a month, make a lot more money and then invested in a good coin
Congrats young user, now put it into ETH for a month and continue day trading with a lot more capital
Wow 22 bucks a day, whale detected.
>what is percentage profits - the post
yeah no shit it is easy when you are dealing with .0000000000000000000000000000000000001% of the total volume and your trades have zero effect on the price
now do it with 100k poorfag
Enjoy reporting every trade to the IRS you moron
howd you do it OP?
>dumbfag here trying to help parents with bills
Show your trade history or stop larping
>not betting on the chinx
Something like pic rated except with 3-5 different coins
buy 1,000,000 Sprouts coins for $100 and hodl
BS thtat is impossible .
been holding bitcoins for a month , didnt get that amount .
so you stare at 1m candles all day?
>buys 1,000,000 kike coin for $1 each
>hehe le hodl meme XD
>prices rises to 1.20
>everyone with half a brain sells theirs
>price returns to $1
>hehe le hodl meme XD
Except your holding bitcoin right now
Lmao.
Wow youre so great at this m8!
t. Turned 50usd into 1600usd in 3 weeks
Not exactly all day but i do spend a fair amount of time watching charts
I usually try to set what i think the floor will be overnight
>hehe just work instead
How? Can you help me? Im a poorfag
How did you learn how to day trade? Or how do you go about doing it?
So many fucking stupid poorfags in this place.
Hahahahaha fucking idiots
it good until it not good.
I wont give specifics since that will cut into profits but id recommend not using binance, binance bots tend to adjust bids to make day trading harder
>bot wall set to sell at 30
>you buy X at 25 each
>bot wall collapses, every sell shifts to 26 or below
Etc, more common with low volume binance coins
>I wont give specifics since that will cut into profits
HAHAHA
Because you don't hav to and still walk away with more gains? Put $30 on kucoin last month and now at $976 just from initial investment and holding.
You sell for 6 sat profits?
Instead of 15-20% ill end up with 5% daily
I assume you laugh because i consider $20/day powerful gains, while ignoring what 20% compound of $600 would be
Go buy some tron, itll totally 20x again
>taking a pic of your screen
Yep, its based on the initial cost of the coin usually but for the .20 cent coins ill happily sell for 3-6 sat gains
The ones that are like $20 i aim for at least 30-40 but those coins usually get chink’d by bots
If you day trade on Binance, wouldn't their fee for every trade eat up your gains?
>accessing anything with cookies while using international exchanges for the sole purpose of dicking the tax man
Why are you assuming that I don't trade for 5%-10% profits?. I do it with wave counts and fib. Stop acting like you're a big boy
Dude, I hope you know what you're doing since every trade is taxable. You need to convert every fucking value into USD for every single trade.
What strategies do you guys use for daytrading/scalping? I've been scalping on binance using RSI/MACD indicators and have made $800 in a couple hours.
take excel, compute the cost of btc/eth for the day, take 25%. 1x a week sell some btc/eth for usd (or usdt if you dgaf) to cover that. takes 5 mins.
Why do you >imply he is a burger?
I earn .02 btc daily with .4 btc riding the waves.
Money so easy it should be illegal.
Wow, imagine if you didn't make a homeless man tier initial investment.
Hurr I won $500 in a casino, tell me again why it's bad to gamble when the house has the edge.
America is not the only one that has that law. There's a high chance you have to do this if you live in a civilized country. Most people just assume they don't, which is false.
Lmao oh man i know
It sucks too because the initial hype wagon is over unless eth/btc doubles
I jumped in small because i had zero trading history
How do you do to recognise a peak and a dip? This skill would make anyone a millionaire in no time.
>RSI/MACD
what charttime do you use? i scalm 1m/5m with stochrsi and ema sometimes.
cool, I'm up $186,400 in the past 30 days.
not everyone is a burger fucking dumbass
>referring to the US as America (continent)
amerifat confirmed
i turned 50 bucks into 750 last night
If he works at crypto for one more month, he'll make far more money than he could have with a """real job"""
>compares day trading over 30 day period to casino gain
Ill give a very poor example
Coin is at 10 i set buy orders at 5, 6, and 7
Successful with all but the 5 price, i set to sell coins at 9, 10, and 11. I cancel the 5 bid and set to buy at 6 and 7
Very basic example but i hope it shows that im not some autist wizard predicting floors and peaks
The binance bots have chink’d me on more than 1 occasion with this method but that just forces me to hodl
I use 1m candles only. I buy when the RSI is bottoming out at 30.0 and the MACD looks like it's about to crossover.
>had 0 usd 2 months ago
>nabbed some airdrops
>it's 8600 usd now
>mfw i live in a third world shithole
T-thanks fun, xvg, zen, ark and omg
Cool user. i will check out macd today!
>>compares day trading over 30 day period to casino gain
Are you retarded? There's always a chance to win no matter how long you play, nothing different in a casino. The chance just gets smaller over time. It's idiotic to say it's worth it just because someone won. What makes it worth it is that the odds are on your side. Trying to predict the future and beat both the market as well as the additional trading fees is simply a losing game.
I'm from Europe you dumbass, and I can tell you 10 countries in my vicinity that expect you to document every trade.
Yeah I just started doing it today but it's been working good so far. The 2-3% gains add up if you have enough BTC to put in.
elaborate on getting "chinked", you mean high walls? What factors in a market do you look for trading? I usually go for volume/volatility (no sideways trading)
I hodled for 3 months and 4k turned into 300k with SUB. What's your point?
Good now do it again
Getting chinked for me is when the wall is at 11, you buy at 7, wall shifts to 8
It happens with so many penny coins on binance its almost not worth the low fee advantage the site offers
Turned 20 $ into 2000 in one single trade
To you and others posting hodl success stories, thats fine but i see that method as more luck based
You guys sound like the 18 year old youtuber that held btc under $100 and now give investment advice
Yeah sure . im an investor moron. You a daytrading faggot gambler
Where are you from user? I might have bad news.
Good luck when paying tax on every trade if you're american.
Your method would have severely different outcome if you had bought the coin next to the one you had held
Not american, but they only tax your gains between each trade, they arent taxing your whole amount
% cut of 3-5 sats is nothing