Before I leak out my 5 best crypto day trading secrets – remember that I am not a financial advisor or a broker. I’m just some girl from Montreal who is good at day trading crypto! You need to do your own due diligience and consult financial advisors, as I have. My financial advisors work under the skilled guidance of Dan Hollings from The Plan. This is the methodology, I swear by, but it is up to you to do your own reaearch and find the financial advice that is right for you.
People keep telling me, at this point, I should consult crypto strategy myself and charge for the advice… but I would rather see my friends and family be able to earn a passive income as well and share the knowledge for free – in this MTL based crypto Day trader diary. By writing in this diary and sharing it, I empower myself to reseach more, learn more, tweak things and improve on them constantly. I am also still learning. This crypto diary keeps me on my game.
OK GET TO MY CRYPTO DAY TRADING SECRETS!
These secrets apply to those day trading crypto or even just in HOLD for the longer haul. They are little tricks that I figured out on my own, but that my financial advisors also saw fit. Some of you may know some of these secrets, but likely not all. So here are my top 3.
BEST DAY TO PURCHASE CRYPTO?
Friday at midnight. This depends on a few things.. The coin’s popularity in a particular time-zone, where the most active traders of the coin are living or trading at the time of purchase. However, Friday night at midnight is 6am in much of EU. and 9pm PST. After a long week, most people are not going to buy crypto at 9pm and if they do have energy, they will want to do something (hopefully) more social!
BEST TIME OF DAY?
Anytime between 11pm-1am is my ideal. It ensures that on average, people are not super crypto purchasing available around the time-zones. It is why these times are usually low, no matter how that week is going overall. There is also a saying at my school, that the best time to buy is NOW. The idea behind this, is that you never know in what direction the coin will go. No matter when you purchase, there is the chance that the very next movement will be a moonshot.
BUY THE DIP OR THE DIP-LIFT?
Most traders buy the dip and even wait until the coin is in the mariana trench of price point. I, however, prefer to see some potential. I like to see a coin that has crashed, but has made a sign of life towards the top again. I call this the DIP-LIFT. This is not as important for long term HODLERS, it is more crucial for day traders who need the value to increase over the next 30-90 days. In design, this looks like a hockey stick. A crash down and then right at rock bottom, a small curve upwards.
HOW OFTEN SHOULD YOU PURCHASE CRYPTO?
In order to capitalize on different market conditions, do not buy all your coins in 1 day or 1 week! It might be tempting, if you sudenly have the capital to buy a few coins, but resist the urge to purchase right away and exert the patience needed to stagger out your buys, so that you can hit different ups and downs. This will guarantee you, that if 1 coin goes LUNA! (sorry LunaTics) due to a bad market condition which affected the future of its trading times and volume; other coins in your diversified portfolio don’t necessarily follow. It gets you more chances in leveraging the random volatility and unpredictability of the crypto market. Since it’s impossible (even with rigorous 10 days or more bot testing) to 100% predict the fate of any given coin pair. Stagger out your buys, at least 3-4 weeks at a time.
Did you miss my BEAR market rescue drop? There are many crypto day trading secrets there too: Here it is!
Until July, Stay in the green lines ;)
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