How To Do A Day Trade With Bitcoin

How to do a day trade with bitcoin

The goal of many daytraders is to control 1000 shares of a stock and correctly pick the direction of just a 25 cent move. Just a 25 cent move on 1000 shares of stock generates a $250 profit before transaction fees.

Beginner Method To Make $100-$1000/Day Passive With Cryptocurrency! Bitcoin Trading Binance, Bitmex

If they can do that 4 to 5 times a week they can make around $1000 a week. It would be ridiculous to think a normal person is going to control 1000 BitCoin.

At the time of this writing BitCoin is valued at around $650.

How to do a day trade with bitcoin

Not many people have $650,000 they can invest to control 1000 BitCoins. Luckily, they don’t have to. Traders can trade percentages of BitCoin, they don’t need a whole one.

How to do a day trade with bitcoin

They just use their investing stake, say $1000, and buy however much BitCoin that will currently buy and trade with that. They also keep some of their investment in just cash so they can buy more if the value drops and they think it will go back up again.

How to do a day trade with bitcoin