Day Trading Cryptocurrency: A Beginner’s Guide for Bitcoin Traders

Paul Tudor Jones, the trader who predicted the 1987 stock market crash, famously observed: “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”

If you’re considering getting into day trading cryptocurrencies, you’ve chosen the right place to start trying to quench that thirst.

What Is Day Trading?

A day trader executes several trades per day. He or she is the opposite of a HODLer. For example, if you buy bitcoin in the morning, your aim is to sell it for a profit in less than a day – usually within a few hours or even minutes.

Day trading is diametrically different from HODLing, which is when you buy and hold a cryptocurrency because you feel it’s going to increase over a considerable period of time. Continue reading…

Comments (No)

Leave a Reply