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Showing results for tags 'daytrading'.
This is how it went down... this is a warning for all the greedy and impatient people like me who think they will make huge profits from this ??? after hodling so so long (1,5 year) i became a bit impatient and i decided to start daytrading because i thought i was missing out alot of xrp and good opportunities... it all started 3 months ago... hypothetical digits Lets say I started with 100k xrp the first weeks went very well i accumulated small profits of 1-2k / day after a while i thought it was very basic and simple ? Xrp kept coming in and coming in that i thought i was the king of trading ? I did made some huge misstakes that have costed me alot example: Lets say i bought for € 0,1950 and the price is now 0,2060 and i wanted to keep my profit 0,005 very simple i thought just put a stop sell order @ 0,20 it will sell if the price hits 0,20 BUT the order becomes a market order so this could mean that if all the people were buying it at maximum 0,192 it will sell also sell at that price?!? and that is lower then i bought it for o_O another thing that happened is that the market just crashed for like 1-3 seconds to the point you putted as a minimum price and then went back up straight away ? this ***** me alot... but still after 1,5months i had 4k profits then all the announcements and the news came this is the hardest time for daytraders anything could happen any outcoming news could crash the market in seconds in these times i lost the most xrp it didn't take much time before my profit of 4k became like 500-1k xrp ? And this last week i got ***** again All went well untill the market went to 0,235 sold for 0,228 and bought again for more ? Bought again for 0,217 nd sold for 0,234 But all the small profits of the past month disappeared as snow for the sun how would i describe my personal past months: watching bitstamp for ages every second of the day made alot of daily graphs that to be honest give no extra value to the comprehension of daytrading alot of stress (also had some fun offc but more stress...) Wasted alot of time with nothing to be honest if the market didnt crash now from the 0,235 i would have had a loss of 5k xrp after 2,5months of trading so my final decission is to hodl it is really meaningless if you try to play this game Do not believe all the ppl that tell you they made 100000 of profit ? I also thought this was a good idea in the beginning... collecting more xrp to enlarge my xrp army ? I hope this opens your eyes or make you think twice before acting
Plus500 silently added Ripple XRP trading Plus500 is a trading platform (comparable to markets.com) for CFD (Contract For Difference) trading. Even though it's for shortterm trading this addition is good I think, since it creates awareness among (day)traders. This is what their Android app looks like: