ITT you convince me that daytrading doesn't work. I've been buying OMG at 190 and selling at 200k for the past week and so far I got more than 30% in return. What's your take on this?
Keep at it until you're a billionaire.
>>3235735
I'm accumulating so much though. I have over 3000 coins.
>>3235716
you could have just bought monero once and made over 3x times gains
>>3235716
Congratulations, but you will feel genuinely sick when you sell and the next thing you know, it runs up to the point of no return. Happened to me with NEO.
If you're just using OMG to ride them wave, that's fine. But if you actually believe in it and intend to hold for $25+, you should not be trading this.
>>3235716
As long as the volume stays low you can do that. One of the most regular coins. But one time you'll sell at 200, and next thing you know it's at 215, 234, 265...
>>3235716
top kek faggot
I tried to pull this with NEO and lost hard. Sold at th 350k and was expecting to buy back at 300k and that's when it went nuts and mooned to 1M sats in a few days time.
>>3235789
HAAHAHAHAHAHAHAHAHAHAHAHAHHHHHHHHHH FUCK I HIDE MY PAIN THROUGH MY LAUHGTER
>>3235779
I'm not against it. If I was more serious, I would have made a killing flipping this coin.
It seems to me that when you follow one or two coins very closely, it's quite easy to spot patterns. I couldn't do that on any other coin.. althougth the charts look the same, I'm just really confident trading a coin I know. You can easily get 3*7% every day with OMG...
>>3235716
what do you do when you buy at 190 and it goes to 180
>>3235952
I held until I could sell at 200.
>>3235984
and what would you do if it kept falling
wheres your stop loss
It works until it doesn't.
Day trading makes sense if you can get a ton of volume on a promising coin with volatility.
Doing it with Adex atm. once you get over 2500 coins you can go up a hundred coins with just a few thousand satoshi difference.
For instance I'm about to sell at 36k then rebuy at 33k for an increase of 300 coins.
Only issue is not getting greedy and knowing when to hold.
If you only have 300 coins it is really difficult to accumulate a bunch of coins.
>>3236084
3k sats swings...
if you're really serious about it, it does get lucrative.
I'm working 6 days a week so It's hard to commit. Plus, some days I desperately try but whales are killing the volatility.