Some Strategies You Can Use in Day Trading

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Crypto day trading is a type of short-term trading in which crypto assets are purchased and sold on the same day. It is a high-risk venture made possible by the extreme volatility and liquidity of the cryptocurrency markets. A trader might employ indicators to boost the chances of success in day trading. These evidence-based processes do not always forecast crypto market movement, but they are excellent starting points.


Using Bolinger bands

The Bolinger band is a tool for identifying the strengths and weaknesses of an asset. The bottom bands offer support, and the top bands indicate resistance. The centre line is known as the exponential moving average. If you don't want to utilise Bollinger bands, you may use SMA (simple moving average) or EMA (exponential moving average). It all comes down to personal preference.



When employing Bolinger bands, don't aim for a profit of 50% or 30% each transaction, as this is simply gambling. It is okay to make a 5% profit. If you are new to day-trading, ten trades per day will suffice. Yes, this profession is very demanding. That is why 95% of those who attempt it fail. This case is happening. Always remember that defensive trading is preferable to offensive trading.


Observing support and resistance

Support and resistance levels, according to Coindesk, are like barriers that encompass the price value of cryptocurrency. This is the only region on a trading chart where the price moves. The pricing range does not extend past this enclosure. In other words, resistance serves as a price ceiling, while support serves as a price floor.

To evaluate how powerful a support or resistance level is, look at how frequently the price strikes it. In other words, if the price repeatedly hits the support level, we can say that the support level is strong; similarly, if the price repeatedly hits the resistance level, we can say that the resistance level is stable. A strong level indicates that it is near to being correct, which helps traders decide whether to purchase or sell cryptocurrency.


Implementing stop-loss

Lay down your position once you have examined all of the indicators and chart patterns. Do not engage in a deal without first developing a strategy. Understand where your entry and exit points are. Furthermore, never trade without a stop-loss order. A stop-loss order is placed with a trader when the price of a coin surpasses a certain threshold. Stop-loss orders allow you to restrict the amount of money an investor loses on an asset. It is important to note that you can't trade without a stop loss in day trading. This method safeguards you against market volatility.


Setting win-loss ratio

According to Investopedia, the win-loss ratio is the proportion of total winning deals to total losing trades. It does not matter how much money was gained or lost; all that matters is whether they were winners or losers. You can employ a 2:1 win-loss ratio as a daily trader. Let us imagine you're going to buy Bitcoin for $100. Risk $10 and make $20 by selling it for $ 120. Sell it for $ 90 if it turns out to be a losing deal. Even if your win-loss ratio is just 50%, you will still be profitable with this risk management method.

In day trading, there's a lot to learn. You won't be able to learn everything by simply reading. It is something you must do. If you're passionate about what you're doing, you'll automatically pick up the required abilities for day trading as your experience grows. Quick decision-making and sustaining discipline, for example, are two of the most critical qualities. There are moments when you'll kick yourself for not being able to keep up with the currency pumping. It occurs when a trader cannot make a quick decision on whether or not to purchase a specific coin.

You may also buy a coin right away since you are in a rush and do not want to be left out, hoping for a coin to pump. However, this did not occur, and you ended up with a loss deal. And that is perfectly natural. It is part of the trading process.

Nowadays, many newbie traders boast about how simple it is to make money in trading. They will also provide evidence. This is feasible if they are fortunate in some deals, but how reliable is luck? It is preferable to listen to skilled traders with 10 to 20 years of trading experience who claim trading is challenging and frequently lose than to newbies with limited experience who say they constantly win. But where can you go to get professional advice? You can check platforms that connect you with expert traders, such as Crypto Engine.

Who would you listen to if you were climbing a mountain? Will it be to someone who has been to the top numerous times and understands how tough it is to climb a mountain or to someone like you who wants to climb the top and claims to know how to get there? This question is rhetorical.


To Sum It Up

Day trading is quite taxing. To be effective in this form of trading, you will need to do a lot of research on the cryptocurrency market. If you believe that crypto trading is the simplest and fastest way to make money, you are mistaken. You have to take day trading seriously. Many people fail at trading, but some thrive. The main difference is that successful day traders are serious about their business. They approach it more like a business than a pastime.

If you have this attitude, you may be one of the 5% of successful day traders. Simply believe in yourself, and amazing things will begin to happen. Remember that the cryptocurrency market is extremely volatile, so only invest money you can afford to lose. Keep in mind that you might win a lot of money, but you could also lose a lot of money.

Cryptocurrency As A Payment Option For Your Business

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The Cryptocurrency market has constantly developed in the past years, which can be seen most specifically in the last few years. These years are where advanced oversight and regulatory control make the Crypto market a conventional investment market.

The Cryptocurrency market is the most advanced and advantageous since it has established enthusiasts or beginners huge trading opportunities in Crypto trading platforms. As the crypto market evolves, the number of interested crypto enthusiasts who engage in the crypto business is also growing rapidly, especially in the marketing area.

To pave the road to a successful career by attracting more traders for investors in the crypto world, one of the wise things to do would be to incorporate the usage of cryptocurrency as a payment option into your business and enjoy the wonders of cryptocurrency transforming the future of your business. Once you know the Cryptocurrency system, you’ll see its amazing advantages and versatility.




Cryptocurrency Advantages & Disadvantages

Before diving into the part of why it is wise to incorporate Cryptocurrency as a payment option for your business, it’s important to know the pros and cons first.

Cryptocurrency has proven to be transparent and motivates investment with its low transaction cost, which attracts business owners. Plus, it’s easily accessible to both owners and users that would surely enjoy its inflation fee and privacy. Since Crypto is not affiliated with third-party agents such as banks or governments, users have the sole control or power over their funds.

On the other hand, one downside to Cryptocurrency is its fluctuating nature, which means that the values of the digital coins are not constant and changes from time to time. Plus, if a user lost the key to the wallet, there’s no chance to recover it, which means saying goodbye to their hard-earned cash.



Cryptocurrency as a payment option

With the evolving technology, almost everyone has now set foot in the digital marketing world, which contributes to the fast development of businesses. Due to the advanced technology, people now have the opportunity to access better security assurance and profitable business agreements.

Since digital transactions such as credit and debit cards already exist, you probably wonder what’s the need for incorporating cryptocurrency as a payment option. Well, the difference relies on the involvement of the government. Credit cards and debit cards are a type of currency that are government-issued, which means that government has access to it.

Meanwhile, Cryptocurrency trading platforms such as Bitcoin Loophole is not tied to any government standard, which means the total control is entirely in your hands. In addition, with Cryptocurrency, you have the full authority to process the loss and benefits of your business and the fresh history of all your market transactions.

For a clearer picture, here are some of the benefits of having Cryptocurrency as a payment option for your business:



Risk Assurance

Cryptocurrency transactions are irreversible, which leaves no room for scammers to track your account’s activities.


Universal Consideration

Being a part of the Cryptocurrency world grants you global recognition, so you have the chance to experience an easier and wider range of transactions.



Sole Ownership

With a Cryptocurrency wallet, the access to digital keys is only in your hands. So, you won’t have to worry about anyone freezing your account, hackings, or limiting your currency against your will.



High-Level Security

Compared to banks, digital currencies offer the best identity protection. So sending your crypto payment to any recipient is possible without needing to provide a series of important information.



Accessibility

Since Cryptocurrency is a completely digital payment mode, you don’t have to wait for minutes waiting on the bank to make transfers.



Quick Settlement

Another great thing about Cryptocurrency is it does not require any third party and grants you the power to access important matters at any time you want.


Zero Transaction Fee

Since the payment process is not affiliated with any local bank, the rewards you get directly go to the network, which blocks miners with little to no fees.



Cryptocurrency Profits

Besides taking crypto payment into your platform, it’s wise to go all out and secure the growth of your business. To do this, you might want to know, among the many cryptocurrencies in the market, which is the best to invest in? Whether you see yourself exploring the field for the experience or you’re in it for the long run, it’s important to know how to start investing in Crypto for beginners.

Having the right knowledge of the need to incorporate Cryptocurrency as a payment option for your business leads to gaining benefits from investing and trading in crypto platforms. While the crypto market is fluctuating, and there’s a chance that you’ll easily lose your profits as fast as you earned them, it’s important to do some research before investing to avoid losing your digital funds.

Women filmmakers lead IKLI film festival winners

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Female student filmmakers from De La Salle-College of Saint Benilde (DLS-CSB) dominated the winning circle of the recently concluded IKLI: Super Short Film Festival.

Diana Galang’s “Classroom 2022” emerged the big winner when it bagged both the “So Short But So Good – Best Picture” and the “You Have to Watch This – Fan Favorite” awards in the Super Shorts (films which run between two minutes and 21 seconds and five minutes) category of the new online film festival.

Giulia Saavedra’s “Looooongest Line” topped the Micro Shorts (60 seconds or less) division while Alecx Literal’s “Recurring Dream” took home the fan favorite prize among the Mini Shorts (films with running time between one minute and two minutes and 20 seconds) group.

Galang, Saavedra, and Literal are all film students from DLS-CSB’s School of Design and Arts.

The other winners are Maria Del Carmen Villapol’s “Bitin,” Best Picture in the Mini Short category, and Francis Ner Marañon’s “Submit,” Fan Favorite among the Micro Shorts. Villapol is also a woman and a member of the film and theater organization SineDulaang Agustino of La Consolacion College Manila.

“Classroom 2022” depicts the country’s political environment in a comedy-drama that follows a classroom election after the end of the global pandemic. In the first week of face-to-face classes, Ms. Pallan, adviser of Grade 10 Section Maharlika, asked the students to elect their new class president.

Meanwhile, “Looooongest Line” focuses on the long lines of people waiting for “ayuda,” or government assistance during the quarantine, by representing them with household items in a parlor game. The idea came to Saavedra at the time relief was distributed to her neighborhood after Typhoon Ulysses struck.

In “Recurring Dream,” a woman falls into a deep dream-like cycle, unsure of what the future brings. It follows the character accomplishing her daily routine within the confines of her home. Days seem to go by quicker, yet she still finds herself in the same place, forced to do the same routine and practices.

IKLI, which aims to highlight stories that focus on the idea that Filipinos deserve better, is organized by the ticketing and video platform Ticket2Me in partnership with the Movement for Good Governance (MGG), Rappler, Youth Leadership for Democracy (YouthLed), and YouthVote Philippines.

“We wanted to use the platform and the inaugural film festival as an opportunity to showcase the creativity of these young filmmakers to tell and be able to support the message ‘We deserve better’,” Atty. Darwin Mariano, founder of the ticketing company and one of the founding members of MGG.

“When we think of short films, there’s also a gateway into the larger world of Philippine cinema. Creating a new generation is really important in showcasing those works,” Tristan Zinampan, Head of Brand Integration of Rappler Inc. and one of the founders of Act One, Rappler’s online platform for Filipino short films, stressed.

Ching Jorge, YouthLed’s Chief of Party, commended the young filmmakers during the awarding ceremony last March 18. “We are amazed that the creativity, quality, and content of all the entries shared the realities of our citizens and sent the message that the Filipino people truly deserve better.”

“I hope our film – as short as it is – serves as a wakeup call to people who don’t realize what we deserve yet. In the upcoming elections, let’s line up to a path towards a better governance,” Saavedra shared.