After paper trading for a couple of weeks, I’ve noticed my crypto trades are doing better than my US stock trades. It seems like there’s way more action going on!
If I decide to go all in, what are some things I should keep in mind? What about things like slippage? What’s the minimum volume for liquidity? Do I stick with a watchlist or trade top gainers?
You should watch out for stop loss, fees per transaction, sudden price drops, and taxes.
Brook said:
You should watch out for stop loss, fees per transaction, sudden price drops, and taxes.
What are typical fees?
Brook said:
You should watch out for stop loss, fees per transaction, sudden price drops, and taxes.
What are typical fees?
That varies depending on the platform, but usually around 0.6% to 1% per transaction.
My biggest tip? Don’t try it. You’re going against really smart people with a lot more money. If you do decide to give it a go, be careful and set stop losses. Good luck!
Calvine said:
My biggest tip? Don’t try it. You’re going against really smart people with a lot more money. If you do decide to give it a go, be careful and set stop losses. Good luck!
Same with US stocks. I know people who are successful with it so…
@Blue
Then ask them for advice.
EmmanuelBrown said:
@Blue
Then ask them for advice.
This comment is empty, admin should fix
@Blue
Just saying what I’ve seen happen to a lot of people. Anyway, good luck!
Whatever rules you set, don’t break them.