Yup thats correct he was just stating that now. Its less confusing when I see on gdax then simplefx. Just curious have you ever day traded cryptocurrency. I'm seeing there is quite a bit to learn.
yes i have
another tip
if you have lets say 1btc. dont throw it all on one order
only make orders of 0.1btc for instance.
if the price drops you then have 9 other opportunities to buy more CHEAPER.
instead of having no funds and just crying and waiting for the rise before you can trade again, knowing you missed oppertunities
as they say never put all your eggs into one basket
..
other tip. dont wait around for 10-100% profit before selling.
add up the commission(fee) cost of buying and selling..
add that onto the buy price. then add on 1% of that total to give you a suggested sell price with 1% profit
its easier to make 10x 1% profit in a faster time than waiting for 1x10% profit
last tip..
never sell at a loss.. thats what the other 0.9btc is for. to BUY at a price drop treating it as a good discount day. not to sell at a loss treating it as a day to cry
