Be a day traders? Who here really likes stalking? Or is it really a hobby to look at the gadget screen?
Well, here it is! For those of you who like stalking, fundamental analysis must be your favorite thing! Because, this fundamental analysis serves to assess or understand the value of a crypto asset.
Here, your stalking skills will be very useful, because you have to find out everything about the crypto assets you want to trade. Starting from who the founder behind the crypto asset is, what projects will be carried out in the future, what is the value of the market capitalization and market supply and demand, to the number and volume of transactions! Anyway, fundamental analysis requires good stalking skills to make sure about the utility and health of the crypto asset network you want!
However, there are lots of trading plans that you can use, one of which is by using the Stop Loss or Limit feature! This feature aims to minimize your losses, so you don’t lose too much if the crypto asset you choose is going down deep.
Scalping is a short-term trading strategy with daily to weekly time frames. This strategy is carried out to buy crypto assets, and then sell them in the shortest possible time with the aim of obtaining maximum profit and can be realized quickly.
Swing trading is usually chosen by traders when they are in sideways. That is, buying and selling crypto assets are carried out at certain points in price reversals to receive optimal profits.
This rally is a trading strategy with the concept of “buy low, sell high”. Usually, this strategy is used when the issuer has issued a discount which traders will quickly buy as capital to buy the crypto asset.
The three strategies above can really help you choose which one is the most suitable for your trading plan! Or, if you want to try everything, that’s fine too, it all depends on your objective!
Those are some tips and strategies for those of you who want to be a day traders, hopefully they are useful!