Need advice for day traders
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.
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.
