RE: A Super Simple Trading Strategy Anyone Can Use
Absolutely interesting way of trading. I started trading myself only a week or 2 ago. For a week I spend a whole lot of time trying super short trading cycles; in and out in minutes taking small percentages on the ride up of the constant waves on the currencies. I was able to make profits; a very good percentage (in a week a bit more than 50% on start funds); but it was a day job. Due to an stupid decision (I knew it was stupid but did it anyway) I lost all my gain in matter of hours. Keep in mind that the funds I was playing with was really pocket money, hence the move I made just for the fun of it which was actually stupid to do. I still need to work on the method I choose and see if this could be something I like to do for a long period of time; but so far I know it'll cost me at least a couple of hours a day, and sometimes at night since my method works best when some whale steps in and start buying or selling.
Your method is one that for sure doesn't require hours and hours behind the screen each day. Can you share with us what your gains are in percentages? Maybe on monthly or quarterly or even yearly bases?
I was tracking them with a spreadsheet which would just tell me how much (in dollars) I am up or down on each coin. Now I just see that at the top in Poloniex when it says,
"Estimated value of holdings: $5,831.72 USD / 5.73434642 BTC"
That is what it is at right now. . .
I just check in 4 or 5 times per day. I rarely make a move until I am 10 to 20% up or down. As in the example, VTC was 7% up at 1.074btc value. Worth trading that out. my VTC cycles over the past few mo.
Thanks for a view in current status. Any idea with what (amount) funds you started and how long ago?
I'm very interested to see time spend vs gain woth what method. My method cost a lot of time, hence it'll eat from me time a can use to create fiat money, therefore when I would adopt my method for a longer periode of time, it shall also pay for part of my bills. Also am not sure of the 50+% percentage is achievable when no big news like the BTC EFT and the sudden explosion of almost all coins happened.