I've been dabbling a little with some day trading. Following a few recommendations and leads from some other people who have suggested certain crypto's. VEN, PWR, POE and QSP. Either my timing has been out, or the advice I recieved was just a little too late for it to be a lucrative decision on my part.
Learning to read the charts, and making my own market assesments have been a bit of a trick. While it seems that its up to the individual to make these decisions, it's also not easy to:
A. Realize when is the best time to invest.
B. Which currencies of a long list are the right ones to watch.
C. Where to even research some cutting edge information that's up to date.
D. Have the money to want to play around with on these chances.
But the most important bit of advice that I've recieved has been repeated to me time and time again from my good friend @Klye and that is this "lol. It's only a flop when you sell at a loss"
And that's the truth!
Just remember, sometimes riding it out is the only way to be
HODL or flop!
Lol!
I think the volatility of crypto, especially "penny " crypto's reduces day trading to more like hour trading; meaning you should be way more vigilant of price fluctuations as well as which crypto you invest in because of the lack of stable metrics and info resources, choppy waters out there man! Good luck!
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You got that right! So true! Seems every penny currency that's seen large gains, I've gotten in a little late nearly every time. And by every time, I mean both times. Haha! Good reminder though my dude! Thanks for enjoying!
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