Swing trading

[Anonymous No.7456945]

I want to try swing trading on BTC. Any advices?

[Anonymous No.7456956]

>>7456945

[Anonymous No.7456995]

>>7456956
Only if you give advices.

[Anonymous No.7457005]

>>7456995

[Anonymous No.7457061]

>>7456945
>seeks advice from /biz
oh anon, just let it go
obviously too retarded for this game

[Anonymous No.7457084]

>>7456945
Buy high, sell low.

[Anonymous No.7457086]

>>7456945
Buy high sell low, post more of this cum receptionist

[Anonymous No.7457101]

Look for low volume coins high spread. Post more and ill give more advice

[Anonymous No.7457116]

>>7456945
Use a trailing stop loss and be sensible in your point of recovery.

[Anonymous No.7457131]

i dont advise on swing trading cause you can get burnt easy, you should only trade with the trend.
So in a bull market you got your buy at the bottom, chart goes up, take some profits, 1/2 not all, so if it doesnt pullback youre still in a winning trade, wait for a pullback, use the profits you just locked in to buy more.
dont trade again the fucking trend even if its for a 5 min period cause this is just shit wannabe investors think they can do.
When the trend shows signs of reversing then switch your sentiment and start shorting, locking in profits then waiting for small rallies to short some more.
And i dont trade this bitcoin shit, i trade currency pairs, i just lurk here cause autism is fun to watch. so theres your advice, post some more fucking pics pls

[Anonymous No.7457146]

>>7456945
Paper trade until you feel you know what you're doing. Seriously.
> But if you're not a retard you would be able to be making money already now LMAO
Don't listen to that person.

[Anonymous No.7457158]

>>7457131
dont trade AGAINST the trend

[Anonymous No.7457188]

>>7457131
Ok thanks.
Maybe 15 minutes is less risky at the begining?

[Anonymous No.7457191]

Degen crypto trader for 3 years reporting in. Made stacks of coin trading. Use low leverage at first, no more than 5x. Learn technical analysis or you will get wrekt FAST. Learn support, resistance and trend lines and you'll make it.

Also sign up for Bitmex. Burgers can use a Canadian VPN. Here bro save 10% at Bitmex for 6 months with this link: https://www.bitmex.com/register/0jwiAV

[Anonymous No.7457248]

>>7457188
i trade by the hour chart, 4 hours for spotting which kind of trend youre in, and use the 1min chart with a rsi 10 day period for precision entrys/exit
the one min chart is mostly for spotting when the pullback in going to happen in a bull market

[Anonymous No.7457318]

>>7456945
gimme booby mommy baby need milk. let me suck gimme gimme

[Anonymous No.7457359]

Yeah, stay the fuck off Binance if you're swing trading. I'm stuck at the bottom of last nights dip. :(

[Anonymous No.7457685]

>>7457191
>>7457248
How much do you make?

>>7457359
I am on Bitfinex. No problems.

[Anonymous No.7457906]

>>7457685
depends on market conditions, this has been one of worst weeks for trading so far cause of the global meltdown and the markets been volatile as fuck.
I generally stay out of volatile markets because they arent worth the risk and unpredictable as fuck which is why i dont trade shitcoin.
I can make 2-3k on a good week, 1k on an average week (chart goes sideways)
My worst week was prolly -700
Markets have stabilized for now and i just entered a short position, another reason why i prefer cfd's is because you have more tools and control over whatever the fuck youre doing, like fibonacci retracements which work 80% of the time for me, i dont use trendlines i think they lag, the only indicators i go on are volume and the rsi, mostly volume.

[Anonymous No.7457982]

>>7457906
those yellow lines are Fibonacci retracements, start at the top because its a bear market, when you notice a rally you drop the fibonacci down and the market normally retraces back to the 38% or sometimes the 50%, there i was a double top between 23-38 = ideal entry.
Good luck with your shitcoin trading i suggest you pick up on cfd's instead