Need advice for day traders

198 viewsGeneral Discussions

Need advice for day traders

One year ago i put like 100usdt monthly in binance and start swing trading 1h to 8h and 20x (future).. so i kept losing to 60 and then profit to 300 ane some time 450 and then lose it all (and all this in 10days) so in the beginning of every month I put 100 and profit to 350 then I lose it all (endless circle)

so now i wanna learn how to really trade 4h to 48h trades with mid risk like 5 or 10x so i decide to but 100usdt but trade with only 5usdt + 5x every trade

(The goal is not profit, but learning, so that I can learn the signals and when it will rise in the coming hours and the resistance points.)

When I entered previously, I thought that I could earn double my capital in a few months,

But now I want to learn this year and then have a year after that to really trade before graduating from university (studying law)

. I want it to be my trading period. If I don’t succeed, I will go to the restaurant market and try to open a restaurant.

So now I want sources to learn the signals in Japanese candles and how the market moves and also your advice I also want sources that teach me about resistance points, their meaning, and how the currency price moves according to resistance prices and candles.

I declare that there is no profitable trade without risk, but I want to reduce the risk by studying candles and resistance points and buying (for example short) at a highest expected point and reducing losses by closing them when they pass the resistance point and increasing profits by Sell it at the lowest expected point.

Gihan Wijethunga Answered question
0

Don’t day trade crypto. You are competing against large amounts of high frequency trading algorithms. Its a waste of time and energy scalping minute gains. I moved away from day trading years ago and found swing trading or trend trading between crypto to crypto much more profitable. And I can go to sleep each night as normal not worrying and staring at a screen all hours of the day and night.

Gihan Wijethunga Answered question
0