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Day trading is buying or selling a security on the same day to achieve a financial gain, usually on an exchange. At 1% and 3 trades a day, my calculations are itll go from 160 to 500. The idea behind crypto day trading is to look for trading opportunities that offer you the potential to make a quick profit. With crypto day trading, you can work at your own pace. When day trading crypto, traders should never risk more capital than they can afford to lose.
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Day trading crypto becomes a taxable event when you trade, use, or sell it.
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Day trading is all about getting into a trade at the best possible time when the price of a cryptocurrency is low and getting out of the trade before it is about to drop.
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