MY DAY TRADING EXPERIENCE WITH MONERO (XMR)

I  would like to share with you my day trading experience with MONERO (XMR). After the profit i made from syscoin yesterday, i decided to day trade with Monero.

Day trading is another strategy you can adopt if you want to make profit on a short term. There are some factors to consider before day trading though. A key is to identify a good entry point and a good closing point.

Anyways, i started my trade at 0.00201446 sats and i started monitoring the market at different intervals. When you day trade, the intervals at which you monitor the market is very very key to the amount of profit you can make.

A 1,2,4 and 6Hrs interval is good for a 24hr trade. It should be noted that many intervals could however bring a better result.

Below is the detailled analysis of my day trading with Monero.

The first image shows my average buying price , the amount of bitcoin i used in buying and other information. look at it well and take note of the date and time i bought the coins.

The second image shows my average buying price and my average selling price as well as the profit i made.

So in summarry I used 2.69 bitcoins to purchase monero at an average buying price of 0.00197429 and sold at an average selling price of 0.00209476 which resulted in a profit of 0.164 bitcoins($72 approx N21,000) within 24 hrs.

Day trading is a very good way of making profit everyday. However, this is a function of your ability to identify a good entry point and exit point. And most importantly make sure you know what you are doing.

Thanks.

SYSCOIN! OH SYSCOIN!!

Syscoin seems to be very active today. I personally have made about 0.3bitcoins profit not to long ago. it seems it is a coin really sought after. i will be watching to see how things turn out by the end of today.

I have my proof to show to you and not just making any lofty claims. The date and time  i purchased and the date and time i sold which is today will be there for you to see. As well as the amount and price i bought. All the information will be made available for any one who cares to confirm.

From my trading records i started my purchase on   2016-03-19 17:52:18 up to 2016-03-22 18:14:11. At this point i will like you to do the calculation of how many bitcoins i used in buying syscoin and the amount of syscoin i got.

i started selling my syscoin from 2016-04-12 11:08:06 up to 2016-04-29 12:06:16 which is today. The complete data is available in the image for confirmation and verification.

ONE WEEK TRADING PLAN WITH 1 BITCOIN INVESTMENT

There are many trading plans you can adopt to bring out the result you seek irrespective of the amount of bitcoins you have.

I want to discuss a one week trading plan with 1 bitcoin investment. We shall make use of a one week chart with a 24hr candle stick. This plan is best suited for busy people or part time trader who don’t have the time to be monitoring the market always. But if you are a full time trader like me then this is not the best for you.

Let us start

1. first you split your bitcoin in 3 parts 0.3, 0.3. 0.4.

1. 
2. When you look at the chart we have 7 candle sticks representing buying and selling.
3. The first candle stick is the first day of the trading week on a 24 hr interval. Identify the low point where you can enter the market, in this case that will be 0.002348 bitcoin.
4. So you purchase whatever coin it is you are dealing with at 0.002348 with 0.3 bitcoins and that will give you about 127.7 of the coins. Take not of the time you bought and the return back 24 hrs later to check.
5. 24hrs later will result in the second candle stick. But instead of rising it falls again. At this point identify the lowest point you can buy again with another 0.3 bitcoin. That will be 0.002272 which will give 132 of the coins. Take note of the time you bought and return 24hrs again to check
6. This will result in the third candle stick. There is a further fall in price and lowest point is 0.002205. buy with the remaining 0.4 bitcoin. This will give 181 of the coins.
7. At this point, find your average buying price. Which will be 0.002272. take note of it and return by 24 hrs again.
8. This is the fourth candle stick and there is sign of increase in price. Identify the highest point to sell and make a profit. In this case that point is 0.002281. if you sell at this point you will come out with  1.00364. that is just a profit of 0.00364 amounting to about N527.8 profit which is small but it is still a profit. So patience is required. Leave everything as it is and return the next 24 hrs.
9. The fifth candle stick shows a highest point of 0.002540. at this point sell sell sell. You will come out with 1.1176 btc that is a profit of 0.1176 amounting to about N17,052 or so which is very decent profit if you ask me.
10. repeat the process again for another week.

NOTE: your ability to identify this high and low points is what determines how much you can make. Also note that results in profit are not always the same.

thanks

LITECOIN TAKING AN UPWARD SWING

It is interesting to note that litecoin as been quiet for quite a while and all of a sudden as bitcoin started showing an upward trend litecoin followed suite.

I think this goes to show that litecoin is directly related to bitcoin. As the price of the latter rises the former follows and vice versa.

BUYING ALTCOINS NOW IS A GOOD DECISION

Most altcoins have fallen in value by more than 20% and the reason is not farfetched. Anytime bitcoin rises in value, investors tend to pull out their buy support from other altcoins so as to cash in on the bitcoin frenzy while it lasts.

By the time bitcoin maintains a fairly stable price or even a fall then altcoins will start increasing in value. This trend has become a reoccurring decimal which I have noticed since I started crypto trading.

Therefore,It will not be a bad idea to buy into some of those cheap coins now.

Ethereum, maid and monero fall

BITSTAMP IS NOW A NATIONALLY LICENSED BITCOIN EXCHANGE.

What this means is that bitstamp can now operate as a licenced financial institution in europe. The Minister of finance Pierre Gramegna in the country of luxembourg signed and granted the licence.

source
https://www.cryptocoinsnews.com/bitstamp-becomes-worlds-first-nationally-licensed-bitcoin-exchange/

   

ALTCOINS FALLING BECAUSE OF BITCOIN RISE.

This is always a common factor. Anytime the price of Bitcoin increases the prices of altcoins begin to fall.

What is the explanation to this? It is a very simple explanation. People who placed buy orders for altcoins are simply pulling their orders to cash in on the Bitcoin frenzy.

Anyone who bought Bitcoin when it was $420 and noticed it has increased to $450 will do what anybody will do. Sell at $450 and make a profit. And this is the major reason for the fall in altcoins prices.

I will bet you that when the price of Bitcoin start to fall which will definitely happen , you will begin to notice a rise in price of altcoins again.

Now that coins are low. It is a good time to start buying those altcoins cheap.