Day Trading- Use the Maths

The problem with the majority of crypto traders is that everyone wants a goddamn Lamborghini at the end of a single day. Everyone thinks some big thing is going to come along and they are going to turn a trillion percent profit in short order. It doesn't work that way at all and if you have big dreams they are going to get shattered. They will be shattered because you are being a delusional dumbass.

However, I can help you make a lot of money in a year. Stop thinking in terms of big trades. Stop even thinking five or ten percent profit margin. Stop looking at your USD amount and focus on building your BTC holdings. For the sake of simplicity in calculation we will be using USD. But think in terms of small trades every day. Every day take the time to make a small trade. This will require that you know your exchange's fees.

Let's start small. We'll start with $250. This will give you time to learn without losing too much money in the beginning.

So we take that $250 and we can plug it into a simple compound interest calculator such as compoundaily.com

We will calculate for one year with a daily interest of 1% and a 100% reinvest rate. This means you turn it every single day.

Now, let's take that and plug in 1.5% daily interest.

Well goddamn, would you look at that? In one instance we are pleased to see our $250 turn into $10k with simple diligence. But now the game has changed. Now we see our lowly $250 turn into almost $60k by only changing half a percentage point.

Diligence and patience win the game. You will have bad day and bad trades. But you will have good days and great trades. Just set your goal every week and stick to it.

Slow and steady wins the race.

I have shown you deh way. Now pay me.

Upvote
Comment
Resteem,

Thank.