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| Topic | Stock Topic 19 |
| Forceful_Dragon 02/03/21 12:28:24 PM #290: | Jakyl25 posted... Pattern Day Trading doesnt apply to crypto I imagine? Nope, i've made nearly a dozen moves in the past 48 hours to try and catch different cryptos on their way back up from a dip. Now because coinbase takes 2% it's pretty slow but for example here are the moves with one of my crypto chunks: Link - $7.35 in, $7.64 out XLM - $7.50 in $7.95 out OMG - $7.77 in $8.87 out REN - $8.72 in (9.07 target) So when my stack in REN reaches a value of 9.07 I'll move it to something else before it dips. So I'm losing 2% every time I move it (and i'm pretty sure binance has a more favorable % available for that), but some of these smaller cryptos have so much variance that when one of my chunks (currently running 5) hits it's target I look for a crypto that has been having a bad hour or a bad day and switch it over. As each chunk hits $10 rather than converting the whole thing I'll split into two separate chunks. And I'm sure there is a ton of research that I'm going to need to do to figure out what is actually moving the needle on cryptos, but for now I just make sure that the ones i'm using seem to have a fair bit of daily variance, and that they recently dipped. --- ... Copied to Clipboard! |
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