Crypto day trading for beginners
- Thread starter TELAVIV1
- Start date
ihatenewyork
Junior Member
- Mar 1, 2022
- 135
- 85
You should get all the fundamentals down first. "Technical Analysis of the Financial Markets" by John Murphy is a good place to start:
https://cdn.preterhuman.net/texts/u...chnical Analysis Of The Financial Markets.pdf
https://cdn.preterhuman.net/texts/u...chnical Analysis Of The Financial Markets.pdf
thanks
- Feb 3, 2021
- 1,142
- 452
Omg you spent $3000 to just start your journey??hi
so, i watched Cameron Fous - The Krypton Crypto System
and i feel its a bit advanced for me, or, i just don't like his way of teaching
any other course you guys can recommend me on?
I wanna learn how to do crypto day trading
thanks
The Crypto trader by glen Goodman is a very good read to start day trading for beginners.
For TA use Adam grimes course along with his book OR TA by cryptocred(both are free)
To understand underlying tech and Blockchain use the books offered by coingecko and Vitalik brutin's book.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,026
The best trading tip of all time: Buy low sell high.hi
so, i watched Cameron Fous - The Krypton Crypto System
and i feel its a bit advanced for me, or, i just don't like his way of teaching
any other course you guys can recommend me on?
I wanna learn how to do crypto day trading
thanks
But, unfortunately, most people do: Buy high sell low, which is why so many people don't make money
bestspinner
Power Member
- Apr 23, 2019
- 518
- 306
I like to trade both coins/assets that I like. For example, the bnb-bitcoin pair has a high correlation (around 80%), so it can still be used to trade and will move in the same direction (up or down) 80% of the time, so it is still similar in dollar value percentage if you hold either bnb or bitcoin.
- Aug 31, 2021
- 3,412
- 986
Watch related videos on YouTube. Just search there and top recommendation will be the most valuable as they are ranking.
As others have mentioned. Day trading is very difficult, start with swing trading. You'll need a lot of screen time. Focus on just one coin like BTC or ETH and watch the price actions. It will take time to learn the mechanics of trading. Learn risk management!
Thorr
Power Member
- Aug 9, 2015
- 691
- 322
Knowing the technology behind blockchain will not help you to make money
I don't know anyone who said that TA helped him to make money in crypto... and day trading is a kind of lottery.
Hawkeye Digital
Rules Violation
- Feb 23, 2022
- 6,320
- 1,708
Just see the formations and the movement where its going , mostly newbies do this .
Joeyhart
Junior Member
- Mar 24, 2019
- 110
- 41
I don't think daytrading is a lottery. But it takes years normally to become really good at it.
Thorr
Power Member
- Aug 9, 2015
- 691
- 322
It is like betting on horses. You will read the news and all kinds of books and articles about horse racing but you can not predict who is the winner.
You have the feeling that you can predict the outcome, but in reality, you are trying your luck.
Just my 2 cents.
samuraiwarrior
Newbie
- Sep 20, 2021
- 1
- 0
hi
so, i watched Cameron Fous - The Krypton Crypto System
and i feel its a bit advanced for me, or, i just don't like his way of teaching
any other course you guys can recommend me on?
I wanna learn how to do crypto day trading
thanks
Day tradings are for the pros. Only if you know pattern analaysis and pattern shifts.
If not its high risk.
You are trading with / against the market makers.
I consistently make good profit from day trade.
For instance, see screenshot where I turned $28 to over $2500 in 21 days.
Attachments
seobey
Registered Member
- Aug 8, 2019
- 58
- 18
what coins do you trade, what TF do you play on ? RR 1:2 or u hold your position for more profit?
- Jun 16, 2022
- 1,474
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Yes, I also feel that day trading is very risky.
goldagovidis
Banned - selling outside of the marketplace.
- Apr 15, 2010
- 97
- 27
Now that's a revelation of the century
I wonder why nobody thought of this genius crypto trading strategy ...
- Nov 4, 2018
- 5,066
- 2,549
cause everyone know it, but emotion play them and do buy high fomo, hearing all go in, sell low, FUD fear as everyone is leaving outNow that's a revelation of the century
emotional control in trading is easier said than done. at the situation when price drop example now? how many think crypto will never recover? fear what if i am wrong. what if keep holding and loss it all etc2.basicly emotion when you are losing money goes haywire
- Feb 12, 2018
- 5,082
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I've heard ICT is very controversial. Most good traders trash him.
What he does is basically he takes somewhat reliable approaches but totally spins them, makes his own terms, makes things specifically complicated, and then sells it as his own.
Some time ago he posted a story in Twitter that he was kidnapped by insider traders or something and his family threatened, because supposedly he has all the information. Seems kinda unreal
He also blocks anyone questioning him... not sure why he would do that. Those are mostly other pro traders.
- Feb 12, 2018
- 5,082
- 5,914