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That's a mind boggling amount of money. Taxation isnt going to solve that :0

Its been a really interesting time for sure the last few months. I have actually found a nice edge shorting it with my broker and other cryptos. I have good leverage so i don't need much in an account. It's really good because when BTC drops most alts do the same and it's them that i trade. Like...

Itll be interesting to see what they come up with. There will always be unregulated exchanges to use crypto so i cant see how they could ever ban it more like taxing it i think

I agree, it has been very volatile. I do think thats in part to a lot of liquidity not being in the markets as covid and economic uncertainty still rule. Hopefully second half of this year we will see some pronounced moves

Haha Haha me too, i was like oh no lol

Love this lol

It does seem like we're entering a bearish market which is completely normal. Its key to either hold long term no matter what so these events can be ridden out correction or bear market

The things i look for in a broker are leverage as i use small accounts to compound so 500:1 leverage, same day withdrawals are a must and having indices to trade. CedarFX do this for me and so do IC Markets but IC Markets dont have same day which is not ideal

Crypto is really decent too over 30 i think but not actually counted. Crypto trades exactly like forex so its really good. I just havent got time at the weekends to trade it their markets are open 24/7 i try to give myself the weekend off lol

I use 0% commission for my scalping strategy really helps keep the cost down. I use CedarFX which are really good im sure there are others too

There are tonnes of books from all types including Day Traders. I would use it loosely to try and see if it suits you but the only way is to actually day trade and see what you think. Trading books arent nearly enough to decide what style youll trade. Mark Douglas Trading in the Zone is the only...

Absolutely to continually improve. Once you start stagnating you start falling backwards imo

I do think it is a dip, there are too many institutions involved now with a lot of skin in the game. It is coming into a discount for these funds to buy up more. The only people panic selling now are average joes who got in because their friend told them to

I think each strategy has to stand on its own. Are you recording each one separately. I personally have a scalping account and then i have a longer term strategy separately. If variance swings positive on one and negative on another on the same account you can be chasing your tail. You have to...

Didnt know they could even do that, mining is so power intensive too would be interesting to see if it damages computers if Norton are about to answer

Really nice report, i love reading things like this. I do think retail's influence is over exaggerated at times. One the volume is very hard to get up to a desired level and also retail is sporadic in that it is not trading in one particular direction whereas a fund or institution is directly...

For sure i would be one for data and analysing it. I wouldnt be near anything that didnt have tonnes of backtesting and then my own forward testing

haha so many thought they could retire last night lol wonder how it happened

Ill keep an eye out on how this goes, its similar to a 'straddle' strategy i have heard used on Forex. Trading the breakout of the news

Very difficult to call a bottom especially with something like BTC which has no historical data. If you're going to hold i would consider just putting a small amount in and then leaving it be.