are trading HEX on Pulsechain now due to the low fees... I'm experiencing some cognitive dissonance with that statement... Are all of these "Traders" all trading with market orders only through the swap function? Or is there some privileged way to do limit orders and advanced trading on Pulsechain that I can't seem to figure out? I find the former pretty hard to believe because Market orders are not a very wise way to trade, I assume most successful traders will agree, and based on my market experience, unless you are willing to stare at your computer all day for that trade... Help me out here, what am I missing?
piteas or a dex aggregator can get you best price / lowest slippage. pulse is less gas fee than eth too.
on sophisticated trading i dont know
Yeah I use piteas... I love it! 😁
No worries, I appreciate the reply... I'm just a bit frustrated because I've missed a few good short term opportunities because they seem to happen when I'm not able to be in front of my computer... I'm really hoping they get limit orders in some capacity going soon. Lol! I'm in a financial jam because I am self employed and so in order to get more HEX I need to trade small opportunities, but because of the volatility I need to be really careful and I don't want to risk my bag too much because I understand the value of HEX. But I also understand time is running out before the bull market kicks off... And I feel like I just don't have enough HEX yet... Lol!
DCA crypto on YT has a crypto course but not sure of it covers trading. crypto trading is one area i havent explored much
i did an experiment with ride share and food delivery apps and i estimate i could make $2 k / month part time. that might help to dca in if you had the time
Yeah. It's not the trading that's the problem... It's the knowing where to trade, but not being at the computer to initiate the trade that is the problem... Limit orders solve this by allowing me to set the trade and still be able to deal with life without missing it... Lol! I know that piteas is working on limit orders, but that won't happen until 2024... I was just hoping that someone knew something that I didn't and that maybe another service popped up with limit orders sooner... I guess I'll just HODL what I have and wait... The bull run is too close to be too risky with market orders... Lol!
I appreciate that man! I'd love to do something like that, but my options are limited... I am a self employed carpenter that had my small business destroyed in 2020... I haven't really recovered from it and unfortunately stumbled onto crypto after the fact... So everything I keep accumulating eventually gets eaten up to fill the gaps for bills and rent... My work van is the only vehicle I have left and I cannot use it for services like the ones you've mentioned because it's too much of a liability... So, I'm basically playing life on Dark-Souls difficulty right now and hanging onto what little crypto bags I have for dear life! Lol!
You are going to make it
don't trade, you'll get rekt. follow yourfriendsommi on youtube
I think you guys who say don't trade have to define what you mean by trading... Because if you take profits at the top of a bull run, then buy at the bottom of the bear market, which literally everyone returning to hex this cycle has done, unless they bought at the top, then you are all literally trading... That is called a macro-cycle swing trade... The only way you are not trading is if you take your profits and never come back... So to say do not trade is a form of misinformation unless you clarify... Not trying to be a dick but this is the truth.
That I'll agree with... Don't day trade! It's not for the faint of heart and you will ALWAYS get rekt in the beginning and you have to be willing to endure that! You only succeed if you have the wherewithal to endure it and never give up, learn from your mistakes (which sometimes it takes a few rekkings to understand what the mistake even was) , until you do succeed... I went through that already... But I did succeed more than 60% after about 1 year of constant mental and emotional pain!... Very few can come out of that experience still sane! So I would NOT recommend it! I would say if you want to trade, see for yourself if you have what it takes, but DO NOT USE MONEY THAT YOU NEED, EVER! Only use money you are prepared to lose EVER!!! And be prepared to lose it a lot in the beginning until you understand that every single chart, every trading ecosystem, they all have their own unique personalities with regards to technical analysis (trading patterns that they generally adhere to, but not always)... Lol! If you believe that's for you, give'er a go! And if you are serious, never give up! But don't lose yourself in the process!!! ... I would still be doing it because I was getting good, but I just don't have the extra money to lose right now in order to keep at it and as soon as emotions take over you are instantly rekt... In summary, in my humble opinion from experience, to the general investor DO NOT DAY TRADE!!! But to the risky man/woman who wants to take on the giant and prove him/herself against all odds, who loves the rush of the sink or swim environment, who has something to prove to themselves and nobody else... Then yes it's possible and don't let anyone tell you otherwise, but not without mental and emotional fortitude and sacrifice... For most that's just not worth it.. But Das, what timeframe are you referring to as the cutoff for that advice? Weekly? Monthly? Yearly? Because for me Day-trading is from 5min to 1day time frames...
Good luck to you brother, you will manage will that additude 🤝
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