Anyone day trading (or day gambling) crypto with leverage?
- Thread starter zionbar
- Start date
- Feb 23, 2011
- 7,592
- 746
Margin trading in a nutshell.
- Dec 3, 2015
- 5,329
- 6,023
Excluding cost of movement around ?
@zionbar I think there is a member that does that. You can check the money making section.
seeing44
Registered Member
- Feb 1, 2015
- 88
- 63
Have u found the right source/channel ?
Iam looking for help too.
BrazenBull
Regular Member
- Nov 5, 2015
- 207
- 118
This is called Arbitrage. I operate this way, and monthly gains are around $3000, but it depends on some factors such as: how much you have available to trade (I have to keep at least $15000 on the exchanges to have the liquidity to operate) and also, how big is the volume being sold/bought on the exchanges you chose to operate.
I could keep more than $15000 and try to get a higher profit, but I don't really trust Exchanges, and we shouldn't get too greedy to avoid eventualities.
jhonntluck
Newbie
- Dec 26, 2017
- 19
- 0
i was trying Yobit trading i lost 10$ then i get them back after 3days after that i lose 7$ it was just my first experience on tradding
zerkamaz
Regular Member
- Jun 25, 2015
- 287
- 75
Can you share with us a strategy you use to Arbitrage between exchanges, and what exchanges you use?
BrazenBull
Regular Member
- Nov 5, 2015
- 207
- 118
I prefer to trade between small, regional exchanges (there are a few exchanges that operate only in individual countries where the prices are irregular), and some consolidated exchanges, such as Binance for example. I use Excel to make two columns with a price list of the coins available in both exchanges, make a third column with price ratios and use this information to decide which coin I gonna trade and what direction it makes sense to move my assets.
I can't give more information because it goes against my best interests, but if you are planning to start off with small money, don't do it since you might lose all of it due to taxes and mining fees.
zerkamaz
Regular Member
- Jun 25, 2015
- 287
- 75
Thanks for the tip.
BTW, my country know nothing about crypto, lol, so, no tax are applied here.
Probably if I start with small amount, will lose them fast on transaction fees, exchanges, etc.
What budget do u recommend as a start?
propooper98
Newbie
- Apr 18, 2011
- 38
- 13
If you actually want to day trade them, I suggest going for smaller currencies where you can see a very solid pattern that is being repeated at least 3-4 times. Then buy low, sell high, it's that easy. Remember to use stop loss!
Whatever you do, don't daytrade BTC. It is way too volatile and it's much harder to see regular patterns repeated. I would suggest avoiding the largest 10 currencies entirely as they are much more prone to huge market swings, but if you're sure of a visible pattern go for it.
Also, you need balls of fucking steel. I put on alert notifications on my phone for the my bids and don't try to look at the market too much until I've met my sell price or hit my stop loss.
On a side note, arbitrage is pretty much useless unless you have 10k+ to dump into 2-3 exchanges
Goodluck!
Whatever you do, don't daytrade BTC. It is way too volatile and it's much harder to see regular patterns repeated. I would suggest avoiding the largest 10 currencies entirely as they are much more prone to huge market swings, but if you're sure of a visible pattern go for it.
Also, you need balls of fucking steel. I put on alert notifications on my phone for the my bids and don't try to look at the market too much until I've met my sell price or hit my stop loss.
On a side note, arbitrage is pretty much useless unless you have 10k+ to dump into 2-3 exchanges
Goodluck!
