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Thread: I do a ton of trades a day

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    I do a ton of trades a day

    Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks 🙂

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    Quote Originally Posted by Juskopo View Post
    Should I sell the bitcoin on the exchange for a fast currency like NANO and then transfer it to the other exchange and then sell the NANO there to get back the BTC? Do I make any sense? Any answer will help thanks
    I don't quite get why you would make the effort to do that. Will you earn anything by doing this?

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    It is not about making a tones of trade a day, it is just about making that one right trade and you will hit the profit. Making too many trades is likened to scalping. It might work for you, but it doesn't work for everyone.

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    Quote Originally Posted by kachinna View Post
    It is not about making a tones of trade a day, it is just about making that one right trade and you will hit the profit. Making too many trades is likened to scalping. It might work for you, but it doesn't work for everyone.
    That's right. Quality over quantity. A large number of trades doesn't guarantee high profit. It is still better to trade wisely regardless of how many times you trade in a day.

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