March 2019
Intermediate to advanced
352 pages
8h 24m
English
Content preview from Cryptocurrency Investing For Dummies
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Chapter 17
Short-Term Trading Strategies
IN THIS CHAPTER
Using different time frames in short-term trading
Exploring short-term crypto strategies
Managing the risks involved with short-term trading
Let me set this straight: I’m not a big fan of short-term trading. It’s a personality thing. Some traders thrive on the thrill of short-term trading adventures, or speculative trading. I sweat on speculations. I prefer to invest long term, sit back, relax, have nights of peaceful sleep, and let the markets do their thing. (You can discover some long-term investing strategies in Chapter 18.)
That being said, I have many students who ask me for short-term strategies. And being the awesome coach that I am, I deliver. In this chapter, I go through some methods I use to develop short-term strategies that have worked for my students in the past. Although the basics of short-term trading are similar across different assets, crypto trading requires you to consider some additional steps to stack the odds in your favor.
Distinguishing Three Short-Term Time Frames
Short-term trading can also be called aggressive trading. Why? Because you’re taking more risk in the hope of making more profit. ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.