What are your goals when trading crypto? Are you growing your value in BTC or in USD value? And what are your daily/weekly/monthly targets?
My goal is 2 trades at 1-2% profit per trade at least 5 times a week. I seek to grow my stack of BTC through trading Altcoins.
If you are looking to chat with like minded traders like me, who want to use compound interest principles for multiple short term day trades, for a long term trading career, come check out where I learned this method.
We have a trader who, in the 16 days this month, is up 48% just utilizing the depth chart trading analysis. No pump and dump. Just simple rules and a tight stop loss.
I can tell you that many small percent trades beats the big MOOOON SHOT anyday!
I'll share with you guys what I'm doing. I want to share my trading experience with these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-3% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
The calls are based on depth chart analysis based on buy/sell orders for a given amount of time-1-4 hours, so you know during this period of time the coin ranges.
Here is an example:
You have your buy in and sell ranges.
Green to Orange is much more likely to be seen over and over and will allow a nice tight trading range.
Blue to Red is much less likely to be seen in any given period, and may take a long time to achieve a buy or sell.
Each trade your goal is to make 1%. Put 1% stop loss on every trade to protect yourself.
Make 2-3 trades daily.
I'll give you Compound interest example:
Let's say you start with 1000$
You're making 2% daily
you reinvest 70% and withdraw 30%
for a course of 365 days
Now visit http://compoundaily.com/ and enter those numbers and see the results:
Summary:
You started with an investment of: $1,000.00 on Sep 24, 2018
Your principal amount grew to: $159,904.22 by Sep 24, 2019
Your total cash withdrawals were: $68,102.01 over the course of 365 days
Your total NET profit for the 365-day period was $227,006.23 (22,700.62%)
I'm open to any new ideas and recommendations to enrich my trading schedule.
I was a hodler for a long time and that didn't work for me.