Originally Posted by
sighcoe
I started BTC and ETH last month. I invest about 10k-20k whenever BTC hits a little under 10k and sell around the 12.5k mark which tends to be the current trend.
But two week I started day trading and my returns have been a lot higher. I bought an account with Motley Fool (which is for long term trading...)(99$ a year for StockAdvisor and 150$ for Rulebreaker[research tools]) I decided to get familiar with their charts and day trade with them(which they highly do NOT recommend) but have been great for me even when I'm at a loss because they tend to go back up safely due to their intensive/extensive research and connection to companies. In the last two weeks I'm at +68% and started with around 50k. If you guys don't know (probably do), you get x4 your buying power whenever you day trade with 25K+ (risky because you're using someone else's money) but the returns are huge.
All in all, no matter how I look at it, day trading and BTC short sells are gambling and losses are inevitable. Like Mophead said, don't get emotional, if you do you're gambling with money you shouldn't...
Or do what every successful billionaire traders say: diverse portfolio 15+ stocks, long term investments, sell when CEO changes, sells business, etc.
Good luck everyone!