Quote:
Originally Posted by $5 submissions
Do you use some sort of software for daytrading? Like flag predictors?
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no I use technical analysis to give me a general idea where the market might go and then I go for my 1%/day goal based on this...there are specific times during the day when it is easy to get 1%...for example when europe or the USA wakes up or when asians go to bed (I am in europe)...sometimes I get lucky and move my stop loss following a trend but I do not chase after huge gains because it is very hard to predict when some coin will pump...there are 10 chances during each day when you can make an easy 1% because the market goes up or down from hour to hour...
swing trading is giving me better results tho...I shorted btc at 8500 and got back in at 8000 because I thought it would rebound, it did not, it went down to 7500 where I shorted it again and purchased back in at 7100 but I got in to EOS not BTC...all in all I made an easy 35% in maybe 10 days...when BTC tanks I always buy alts because they rebound harder...
I am preparing to short again...IMO we are going down this coming week...