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RE: Daytrading keeps me sane, while I wait for those Big Trades

in #trading7 years ago

Hi Luc, thanks for these videos - they've been hugely helpful.

One question I have - in this video you talk about taking "baby trades" in some of the alt coins just to keep your sanity, but you save your big money moves for BTC and ETH because they are safer. I completely get that.

But, to make sure I'm understanding correctly, the percentage return on a BTC or ETH swing is generally lower than on a small volume alt coin, right? For instance, it's not hard at all to find 20% and 30% swings on small coins, but ETH and BTC large swings seem to be more in the 8% - 14%. Am I reading that correctly in the charts?

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Agreed, higher risk can often mean higher rewards.. So the smaller alts often will move much larger percentages, and therefore its is just safer to make smaller trades on them.. But BTC and ETH can swing 50% or greater, just look back in the charts.. BTC was at 1800 a few weeks ago.. and then we hit a high of 4400.. thats some pretty big movements...

Good point. Thanks for the helpful reply.