Steemians,
For the past 2 weeks, I've been trading imaginary money in the Crypto markets just to see if day trading Crypto is actually a thing. I know a few people that do it, but I'd never tried it myself.
I'm not talking about just buying and HODLing, I'm talking about entering a position and exiting at a profit within the same day! The idea is to find a dip, and buy into it, and sell when that dip recovers (hopefully) intraday.
Some folks exit the position, even if it's at a loss. I've seen some "professional" day traders do this, and it's fascinating to me. They cut their losses and buy into something else with the hope of making back the loss.
No wonder the crypto market is so volatile with all these crazy people buying and selling all over the place
I have to say, for the past 2 weeks, I've had a net win. I didn't do anything crazy, but I just placed my imaginary trades when I saw what I thought were dips and sold straight away when the position was in profit.
Obviously the amount of profit, depends on the capital invested. The larger the capital, the larger the potential wins, but also the danger of losing everything you've ever worked for in your life :)
Crypto is not a joke, that's why I'm trading with imaginary money :)
This is not financial advice
Peace and Love ✌🏿
Adé
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