$1,000 3 times and an individual with no afternoon trading encounter. What would go wrong? Let us secure this bag.
Yo, what is fine men? Welcome back to some other video clip. It's me. Thea has an expectation. Y'are doing effectively. You have a really intriguing online video this week also this particular one. I'm going to try day trading Bit coin. I'm going to get started using $1,000 and see how far I'm able ot build up that up or just how much I really can lose over three days daily trading.
Today for those of you who aren't exactly sure what I will be doing here, I'm likely to do a five second outline. I'm not planning to really go into block-chain and what Bit-coin is for our purposes. Bitcoin is a crypto currency that changes up and down in terms of its significance in those bucks. Thus now it may be 8,000 to morrow can be nine.
In the event you bought it to get eight and marketed it for two you would profit $1,000 in this video, I'm going to go up ahead and try to pull in the purchase price of Bitcoin using distinct plans which find online that type of effort to forecast where in fact the price will increase and down. And hopefully I can buy low-priced, higher repeat country flourishing infant.
Now I know obviously this isn't the best idea. Many people who go into stock investing with as small research because myself. Will in reality drop money. But I still want to try this out. I believe as this is a pretty interesting little experiment, so let us just jump right into it. My only goal for this particular video goes to be to beat the market.
Thus when I put in my very first afternoon commerce, I am also going to put in $1,000 at a paper trading account, and also at the very close of this 3 days, I'm going to see when I'd happen to be better off simply leaving the million dollars alone. Lacking you once and maybe not playing itor should I overcome the market and made additional money than if it'd have just been sitting down there.
My trading set here is certainly going to be my notebook and my cell phone. I'm going to make use of my mobile to manually do all of the buying and selling of Bit coin through an app called robin hood. Now to most of the expert investors watching this studio. I am sorry. I know it's really a rookie movement to utilize robinhood right. Sounds exactly the best program for this type of item, but it is only so simple touse.
And apparently there aren't any prices for purchasing and promoting Bitcoin. I mean, I'm convinced there might be like a few hidden types, however even if they're there, they are probably not so important. So I'm just going to use Robin hood to track Bitcoin. I saw a YouTube video clip before this type of guy stock investing, and he had been having an internet website called trading perspective.
So that is what I'm going to make use of, and it's fundamentally only likely to offer me fancy charts therefore I will find yourself a greater understanding. What's going on using the price, and that also can use various indicators that you weren't expecting me to whip out that day investing lingo presently, but I'm understanding. And the very first plan that I discovered I want to stout is using some thing referred to as stuck buttocks beef RSI.
I am not very sure what this implies, however, here's what I got out of the YouTube video clip which I saw. Okay? Thus the whole goal here is that you simply go on investing view. You turn this indicator over here called RSI, stochastic RSI. This provides you this modest purple chart down here, and what exactly the man on YouTube was stating is that you simply must purchase when these two red and blue lines are located under the purple shaded area, which means that Bit coin is currently being under sold and subsequently promote it whenever they proceed above the purple location, which means that Bit-coin is being oversold.
And only as I am creating this particular video, it is currently 1:37 PM along with the tiny chart, the line is currently beneath the purple space, so it is pretty superior time. I guess I am only going to move ahead of time and place the very first purchase. Thus Bit coin is now at $9,773 and 96 cents let us go beforehand and try so initially. Directly infants swipe up to compose.
I figure we simply wait to get that purple line to really go above the. Purple shaded area today, and then we will sell. Therefore that it's 2:00 PM now, roughly half an hour or so as we all put in this buy order and matters are off to quite the rough start. I am down 27 I was promised there'd be Lambos and stalls included at the end with this, but all I'm getting now is that I'm about three Chipotle meals worth of Bit coin.
Therefore frankly, I'm a small unhappy, but the man on YouTube said maybe not to be more psychological about trading. Therefore. We're not planning to be more emotional right here and we are just likely to attend this out.
Ok, so that it's currently day two. I finished up stepping outside for a while yesterday, but I did track Bit-coin in my mobile utilizing the treating view program and it wasn't heading under or 50 stoploss also it absolutely wasn't planning any increased. Therefore I ended up not selling any such thing keeping things the way they perform. I watched a few YouTube movies yesterday daily training.
And apparently these men don't possess a soul. I assessed some of these channels outside and also they do these morning videos by which they awaken at 5:00 AM get that shameful coffee, take a cool shower, and get in their afternoon trading. So I guessed if that is working for these, possibly I will try this at also.
So following is just a tiny montage of that which I did today to maximize trading operation. Perhaps not really. I finished up sleeping with my alarm about 5 hours and waking at 10:00 AM maybe not my proudest moment, but hopefully I can do it again tomorrow and it should boost my afternoon trading operation.
Anyhow, the cost did move up immediately. It really is at this time rebounding around 9,800 therefore that I think I will set up some of those automated cells at which if it reaches a specific purpose, it's definitely going to sell. I will set it at 9,820. Because I simply wish to pull my money out and try a fresh strategy. So if it sells in the 9,820 I think we'll benefit like beneath a buck or some thing like this.
However, I simply wish to get outside without losing dollars. So I put it up over the following, this full order, and I will go ahead and submit.
Boy perform. We've got quite the update right now. So I had been out and around taking care of any company, you realize , the https://secretstradingbitcoin.com/news/bitcoin-trading/ usual, and I am like, Hey, Hey, and I would like to go check on our companion's Bit-coin here. And I started my phone up and now I find that it's now at 9,880 and I am like, damn man, I have to not have placed that seller order.
I possibly could've sold it to get way increased if I'd just waited. Why did I personally, why did I set up that automatic promote? And then I take somewhat closer appearance and also I find the market didn't undergo for a reason is I don't know whether it was. Robinhood glitch or that, but I move in, I cancel that cell purchase after which I market it for your own current selling value of 9,884 and also we secure $1 1 from this first trade.
S O shout-out to Robin hood just for not even working for not executing the market. I'm actually along the manner home now, therefore I will go right ahead and wait till I get so I could make use of the good Mike to describe it. The upcoming thing that I want to test out. Ok, this second strategy I study up on is kind of sketchy.
I really don't know if I think it, however the guy. Throw all around a whole lot of large words he fundamentally showed lots of specialized analysis and also evidence of why things are the way in which they are. But at short, what he was saying is the fact that every time Bitcoin is falling 200 to two 50 now, it usually has a spike back up shortly immediately after.
Therefore I figure I'm only likely to attempt to look out to get a speedy decline. I'm going to attempt to get a while and then try to offer it to the spike. Ok. I think I have some thing here. Therefore that it's current. Even the 1:38 PM and as you are able to see, Bit coin early in the day now at 12th fam was approximately 9,900 and it currently has fallen down to 9,647 therefore that I mean that's about 200 to $250 of a drop.
S O I feel I'm going to move right ahead of time and invest at the moment and find out if it is likely to spike upward afterwards, like the man which has been talking in regards to the plan said it would. Ok. We only made six 99 off that last transaction. I don't know whether it is going to emphasis, but since you can see, we marketed $1,006 and 99 cents therefore that's $11 and $ 1,006 we are currently in.
$18 Pro Fit. That willn't have taken me long, but $18 Pro Fit. Ok, so it is today 2:00 PM Bit-coin has dropped below 9,700 all over again, it really is now at 9,687 and I am thinking of heading back in because guy that I read the plan out of , he was stating that there should really be a major spike plus also we did make some cash by the previous street, nonetheless it was not that large of a spike.
So I feel I am only going to move ahead and jump straight back in here. While Bit coin is beneath nine seven hundred. It's been around an hour or so. It's now 3:06 PM and that I have some fantastic information. So I figure this plan is employed by right today. Because you can see here, we purchased even lower than 9,700 but the entire life chart will not move that much, however we bought it if it dipped around two into 2 50 now it's spiked up only like the specialized analysis said it'd.
Therefore I'm going to go ahead and sell it all right now. It should offer us at around 1,018 to 20 swipe up to publish little one. Boom, just another $18 Pro Fit. Check this out straight here. A focus. We just flipped that thousand into 1,018 therefore I want to do the mathematics here real quick and I'll be right back as to how much profit we made.
Alright, so things are moving pretty decent at the moment. I believe I am only planning to move up ahead and stop it for today. I will procure this 3.6% gain for your own date. Not too shabby whatsoever, and I Will return tomorrow. I think I'm going to try this 200 into two $50 gifting technique versus Mara hopefully works again.
I Will see you guys then, also this time I wake up at 5:00 AM and perform the complete morning routine that these men do to essentially find my mind from the game. Yeah.
That is Perfect. Baby woke up at 5:00 AM chose a cool shower. Meda. For shod black Americano coffee in place of the customary latte. I put entrepreneur in my own Insta-gram bio. I mean, seriously. Are you currently ready for this particular afternoon investing session or exactly what? Let us get serious here. I did a few gambling yesterday camera off. I'll put a screenshot of these things of these moves I made .
I dropped $14 from the first directly, and then I made $16 in the instant. S O that evens out for two further dollars which I left yesterday off camera. That is proper. Two full more bucks. And so that brings our whole benefit moving into day a few in $38 therefore I am simply checking on the coin here, also when I woke up at 5:00 AM it had been approximately 97 50 also it now dropped to approximately ninety four 50 so it's around a $300 dip there.
I will go with strategy of if I see that a two to 2 50 dip to invest as it really is probably planning to spike upward. I'm going to go ahead and proceed in using $ 1,000 1000 right now. Ouch. We are down by about six to $7 already, but you are aware of exactly what the man claimed, you can't be emotional when day trading.
I'm not planning to be psychological. We will remain cool here and we're going to wait for it to spike back up.
I'm speechless to get the Time Being. Ipersonally, I don't know what things to say. Wolf of wall street is at the construction. You're trying to find him right now. You are not going to believe what happened because I did not feel what just happened when I appeared in my robin hood app. I needed to refresh it a number of times to make certain I was really seeing things .
Bit-coin up only jumped by like several million dollars in the last hour. I am talking about, just look at that. I got it at ninety four 50 in the afternoon pier, and it is now in any respect. $10,400 I meanI really don't know what to say. That is insane. It really is like perfect timing. As I'm filming this video, it just spikes out from nowhere.
I'm going to seek her in $90 gain. If I market right now, I am selling it, swipe to submit. Maybe this video clip could not have obtained a greater twist. I really only made this $90 benefit for each afternoon. I used to be sort of clowning on this whole morning routine which these day dealers do, but frankly, don't knock it until you really tried.
I believe this only might need to develop into regular item where I awaken early as good things transpire at 5:00 AM and can you really know everything? I'm just going to cut the dealing right here with this superior note with today's benefit and from the previous 3 times, so which offers us. A total benefit of 131 for three days of gambling, which really is a 13.1percent growth.
If I was using one hundred profit set of the 1, 000 with this video, I meanthat would've been similar to a 13,000 show up directly now. But anyways, let us now check upon what would have happened if I just slept that first initial investment alone and didn't do any evening buying and selling. I will go with this paper trading app at this time.
Ok? I would have made roughly $54 when I'd have just left this investment independently. Not bad, however we clearly left much more with each daytime training around 70 to $80 more. So this video has been a fantastic accomplishment. We beat the market.
Now for that record, '' I really don't feel I'm like a wonderful dealer or anything like this. I had been impressed using the things I stated around Wolf of wall mounted street. I recognized that a number of the breeds were kind of arbitrary plus it absolutely was almost gambling, so I would like to put it out there. If you will try out some thing like this all on your own, make sure you be very careful.
Do a lot of analysis and just invest with money that you're completely fine with dropping weight. That said, thankyou so much for seeing that video. Hope you liked it. If you did, then ensure you destroy those like and subscribe . Hope that you have a phenomenal rest of every day. Peace.