Luc, what's the best criteria if I just want to position trade higher volume coins with large dollar amounts ($5000-20000)? I want to find those big beautiful dips like on ETH, everyday. 10% drop over the past 4 hours? 15% over 2 hours? Thank you again..
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Yes I would also be very interested in this. I have around $10-15,000 to trade with and wondering what type of positions to get in to maximize daily profit. This blog has been a massive incentive for me. Thank you Luc!
I think Luc said this few times "don't put all eggs in one basket". If it will not bounce-back you will lose a lot so you have to be really careful and be 99.99% sure that bounce back will happen. I think you should look at coins with higher volume and you should be fine.
yes, ETH seems to be the perfect chart, except that it doesn't dive enough! I just want a scanner that can identify these types of trades on higher volume coins. I have had some luck with coindera, and just setting alerts on coinigy, but a scanner would make a world of difference. Personally, id rather make 1-3 trades a week, make 2-5k and be "bored" than sitting in front of my computer all day scraping together tiny $50 dollar trades. That's just me though :)
I'm in the same situation, but I don't think there are many that have the consistency of ETH. I think that is part of the reason why he says that you could make real money position trading but you'll get board as hell. The daily action is in day trading. Paraphrasing from memory... pretty sure that was his message.
yes, but day trading honestly feels like small time gambling. You rush to click the coin, and out bid the other guy for some low volume coin that barely will net you $50-100 over a few hours because the book is too thin to use more than 1 BTC per trade. Im getting tired of it, but it fills in the time between the larger dips I guess