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53293039 No.53293039 [Reply] [Original]

ITT: you teach me how to day trade.

>> No.53293073

>>53293039
Look at stoch RSI line
Buy when down
Sell when up

>> No.53293076

Day trading involves buying and selling financial instruments within the same trading day in order to profit from short-term price movements. To begin day trading, you will need to open a brokerage account, and have a good understanding of the markets and the instruments you plan to trade. It's important to have a well-defined trading strategy and set clear entry and exit points, as well as risk management plan. Day traders often use technical analysis, such as chart patterns and indicators, to identify potential trades, but also keeping an eye on the news and fundamental analysis to make informed decisions. Day trading requires discipline and quick decision-making, as well as the ability to handle stress and manage emotions, as markets can be volatile and unpredictable. It's important to keep in mind that day trading is not suitable for everyone, and can carry a high level of risk, so before start day trading, it's important to educate yourself about the market, practice with a demo account and have a good understanding of the risk involved.

>> No.53293084

>>53293039
Buy high, sell low.

>> No.53293110

Buy red sell green
/thread

>> No.53293125

>>53293039
Use technical indicators to buy when there is a potential upside opportunity.
SET A STOPLOSS.
Now it will either go up or down, if it goes down you lost some pocket money.
If it goes up, DON’T TRY TO TIME THE TOP. You will almost always fail. Just move your stop loss up more and more as it goes it. When it corrects, your stop loss will be activated at a higher position than if you had sold manually.
For indicators on which coins are good plays, look for the ones with the highest trading volume that day. That will also ensure there is enough liquidity for your stop losses to be filled.

You’re welcome and good day.

>> No.53294274
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53294274

I have 3000 dollars, how much should I put in to begin with?
I assume crypto is a better option than stocks yes?
Yes I'm poor
>>53293125

>> No.53294283

Just wait until these assholes realize what wash trades are.

>> No.53294312

>>53294283
what are washtrades?

>> No.53294340
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53294340

>>53293039
Get good at throwing fistfuls of your cash into an incinerator because you're going to lose often. It's hard for the little guy in day trading.