Can Beginners benefit from Day Trading ? (Final Episode ) Should I start day trading for a living? Day trading can be a highly profitable strategy, but there are a few things to consider before starting. Since day trading requires fast decision-making and quick execution, it can be highly stressful and very demanding. Day trading can also be quite risky and requires a solid understanding of the market. Naturally, it will also require you to look at screens for extended periods Meanwhile, from episode 1-4, I provided different trading strategies , getting familiar with these strategies can help you make a better choice when trying to find your trading style. Clossary : Day trading is a commonly used trading strategy in stock trading just as well in cryptocurrency. Day traders use intraday trading strategies to try and profit from market volatility, and will typically not stay in positions for more than one day. Day traders use technical analysis, chart patterns, and technical indicators to identify trade setups. Some of the most common day trading strategies include scalping, range trading, and high-frequency trading. Lets keep learning and building together 💪 #Crypto_Angel

Do you think we are gonna cross 27k Bitcoin on or before tomorrow ?

Have you ever experienced this trading dilemma? This is common among beginners in crypto trading , even some intermediate traders do same . Tbh, even I experienced it at some point in my trading journey as a beginner. Many new spot traders are good at staring at coins in green pumps , they start to observe and glare at the coin when it starts pumping from around 10% to +20% till it gets to around +50% and they start presuming the coin could do above 100% which makes them to enter the trade by buying high!! Sometimes, they even join the trade when it is already +100% pump hoping for more uptrend movement of the coin. Quite on the contrary, the crypto coin begins to move in a downtrend direction to the point of going below -90% or even lower . Bottom line: It is not advisable to get into a trade when the coin is already pumping as it usually have reverse effect on clueless traders who ends up loosing their fund. Unless, you are an expert trader who can study both the TA and FA of the coin and know when to exit the trade. But if you are a beginner or even an intermediate trader, always buy using DCA when people are selling out of fear of dump, in that case, you buy at a very discount price and sell when it is pumping. Let's keep Learning and building together 💪 #Crypto_Angel

News update : Texas Emerges as No1 Bitcoin Mining State in the United States Texas is now the number one state for Bitcoin (BTC) mining in the United States, according to data from one of the world's largest mining pools. Foundry estimates that 28.5% of the Bitcoin hashrate in the U.S. is now located in Texas, far outpacing other states. Just a year ago, Texas hosted around 8.4% of US mining power. But major changes in 2022 have consolidated its dominance, with other former leaders falling behind. New York and Georgia previously led with 9.5% and 34.2% respectively, but now hold just 8.8% and 9.6%. Georgia saw declines partly due to the absence of a large miner from Foundry's 2021 sample. But industry observers also point to incentives drawing miners elsewhere. New York's growth has stalled following policies against fossil fuel-powered machines. Miners say Texas surge is driven by incentives offered by regulators and grid operators. By powering down during high demand periods and receiving compensation, the cost of mining in Texas is far lower than elsewhere in the country. Companies like Riot Blockchain have cited these incentives as driving major expansion plans in the Lone Star State. Rival Cipher Mining also purchased over 11,000 new machines for its Texas facility earlier this year. Stay updated...

Can Beginners benefit from Day Trading? (Episode 4) In our last post on day trading, I told you that any beginner who have basic knowledge about Charts and candlestick patterns, should be able to benefit from range trading; but in HFT , an acute knowledge of mathematics and computer science is very important High-frequency trading (HFT): High-frequency trading is a type of algorithmic trading strategy typically used by quantitative traders ("quant" traders). It involves developing algorithms and trading bots that can quickly enter and exit many positions over a short amount of time. How short are these time frames? Think milliseconds. A few milliseconds of advantage for a high-frequency trading firm may provide a significant lead over other firms. HFT algorithms may be created to implement highly complex strategies. While high-frequency trading may look like a tempting day trading strategy, it’s much more complicated than it may seem. High-frequency trading includes a lot of backtesting, monitoring & tweaking algorithms to adapt to ever-changing market conditions. So, if you think you can just sit back while a trading bot does all the work for you, that’s probably far from the truth Another thing to consider is that high-frequency trading is quite an exclusive industry. As such, high-quality information is hard to come by for the general public. Why is that? Well, it’s quite simple. If successful trading firms and hedge funds started sharing their high-frequency trading strategies with individual investors, those strategies wouldn’t work anymore Also, there is an additional point you should consider when it comes to trading bots. If someone has built a profitable trading bot, why don’t they just use it instead of selling it? This is why you need to be especially careful when thinking of purchasing a high-frequency trading bot Developing HFT bots requires an understanding of advanced market concepts alongside an acute knowledge of mathematics and computer science. As such, it’s more suitable for advanced traders. To be continued #Crypto_Angel