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Day Trading Bitcoin Explained And Visualized

584 ratings | 72756 views
a video of myself day trading and showing how to make some extra money by buying low and selling high! how to buy bitcoin litecoin and ethereum sign up with coinbase. buy 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link. https://www.coinbase.com/join/59ab37900671d100b3c25cc5 Want to donate to the channel? Donate bitcoin and send me an email saying how much you sent and I'll try to thank you at the end of the next video! Bitcoin Address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG the safest way to store bitcoin and claim bitcoin forks https://www.ledgerwallet.com/r/554d the safest way to store bitcoin and claim bitcoin forks https://www.ledgerwallet.com/r/554d Trade almost all alt coins here at cryptopia https://www.cryptopia.co.nz/Register?referrer=mrsotko
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Text Comments (105)
MrSotko CryptoCurrency (5 months ago)
Thanks all of you for the subs and support. The best way to help out is to like, sub, and share the videos.
stocklock (4 months ago)
All you need is one good strategy
MyMail Gmayl (5 months ago)
Hej I need to ask how do I trade I do follow the guide but after I sent my NYC 100 us worth on coin base now I need to axess gdax but asking for registration again??? Indeed to ask also do u have advice I had over 50 btc at once but I got robbed so is it any way to get it back or just too bad for me I have the keys when I did purchase all from ATM btc atms in LA!? Thanks in advance!
MrSotko CryptoCurrency (5 months ago)
first of all im so sorry you lost 50 BTC. unfortunately crypto is unregulated and essentially the wild west. if the police find it, sure you will get it back. but its highly unlikely in the crypto world. its likely been exchanged and sent around numerous times. if you have the private key you can simply load it up with bitcoin wallet and it should pop in there, but if it was transfer out of the wallet from hackers there is no way to get it basically. and as for gdax your login info will be exactly the same as your coinbase info. you shouldnt have to re-register. but they could have changed things up, not sure on that. my accounts are fairly old and logging into gdax is a simple as using your coinbase login.
Cyberdyne Systems (6 months ago)
what does the flashing numbers mean exactly in the order book? also who gets preferences over the buys/sales? how do i know i will sell the amount i want to sell? this bit wasnt explained and it's confusing....
MrSotko CryptoCurrency (6 months ago)
the green numbers and their value is the amount of coins from buyers. so if you see 100 btc at the top of the green. its 100 btc wanting to be purchased at that particular price as limit orders. the orange is just the same but sellers. you can use this to evaluate current dynamic demand of sellers and buyers. if you see a massive sell wall then often that means the price will start to dip before or when it hits that price. best to set your sale below that. but take that with a grain of salt. the order book is extremely dynamic and volatile and sell walls and buy walls can be broken in a split second if demand is right. the order book is only to be used for dynamic trading on the spot, its not for long term usage in any way, as it changes by the second.
Benedict (7 months ago)
Whats your take on this,I missed LiveEdu ICO, they have just released their coin LEDU, any thoughts on the coin? I want to buy when dip
Ansul Singh (7 months ago)
Just started trading on GDAX. Made $80 in 2 hr just buying dips and selling high. Order book with candlestick chart is the good match.
Jorge Ballon (7 months ago)
This is very helpful for a beginner like me thanks.
Pack Jose (7 months ago)
What are the requirements to day trade on coin base/Gdax?
MrSotko CryptoCurrency (7 months ago)
need to be from a country where its available. you can read that on their site. and thats basically it. if you want bank services so you can add cash to it or withdraw from it you need to verify your info and such. but you can use it on a very basic level to send, trade, and recieve coins to.
Gregory Baskin (7 months ago)
Wow, am just really appreciating all you have to share. Nothing like witnessing real world trading.
Bobby Heil (7 months ago)
Iv been searching for a video to explain all this! Thanks for making it!
Jim Pate (7 months ago)
What type of headache is there to doing your taxes when you have maybe thousands of trades in a years time?
Franky Alvarez (7 months ago)
Jim Pate no taxes bro
Alice Hyde (7 months ago)
Is it possible to change the display preferences? this guys screen displays both Price chart and the Depth chart, where as i have to switch between the two. thanks in advance !
MrSotko CryptoCurrency (7 months ago)
hold cntrl and mouse wheel scroll to zoom
Venu Gopal (7 months ago)
Hi Mr Sotko no doubt your videos are amazing but seems like my question is not answered. I want to buy 1BTC for EUR 8000 but don't wish to spend any more than 8700. What should be my limit price n what my stop price. Seems answered self but would like to hear your opinion. Seems like GDAX made changes to stop price. Previously it used to ask how much bitcoin you want to buy n for how many Euros n limit n stop price. But now it's asking how many Euros I wish to spend n my limit price n stop price n it's calculating quantity of bitcoins by itself unless your country has different. Very grateful for your reply. I need some help as I lost almost 2 BTC in trading my self with limit price function n missed Bull run. I need to recover n for that I need some help please.
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Kidze (8 months ago)
I really like videos like these, can you make more?
AMG (8 months ago)
Rad
samples&stuff (8 months ago)
Scamming nerd fuck
John McManus (8 months ago)
Question: I put 0.547 Litecoin into GDAX and sold it at $146.20. It gave me $80.06 USD in my account. How do I turn that $80.06 back into litecoin?
John McManus (8 months ago)
So when I transfer from my coinbase wallet to GDAX. Does it transfer at the price it is now?
MrSotko CryptoCurrency (8 months ago)
buy litecoin, with the buy button
Alain khalil (8 months ago)
In order to make money one need backtesting . You have to backtest your trading strategy before trading
Igor Smirnov (8 months ago)
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joshman mo (8 months ago)
Do you have any video that explains the order book with more details? When to buy or sell and how the numbers work. Thanks.
Trevor Blackwell (8 months ago)
You do realize they have mini charts and alerts right? LOL waste of monitors.
TWalsh (8 months ago)
Nice video, a couple of questions: 1. How are you getting both the price chart and the depth chart underneath it to show simultaneously. In my GDAX, in the top right hand corner, just to the left of "Trade History", I can click "Price Chart" or "Depth Chart", but not both. 2. Are you still using GDAX to trade? I have an account setup but haven't "completed my account" yet as it seems you can only trade 4 cryptocurrencies Vs USD/EUR. Ideally I'd like to be able to sell the likes of Feathercoin (which I actually mine) and then settle the trade in a different currency eg USD or EUR to take advantage of any currency swings taking place at the time. Are there any other places like GDAX where you can trade more that 4 crypto's against each other or is GDAX used as nicehash can send BTC to coinbase at low fees? I'm sorry there's a lot in there but I'd be interested in your opinion, cheers.
TWalsh (8 months ago)
Ha, Ctrl zoom mouse wheel worked, thanks. Yeah, I think I'll need a different exchange, I'll just have to find one that's cheap to fund/withdraw like GDAX/Coinbase.
MrSotko CryptoCurrency (8 months ago)
i use gdax to trade still mostly yes. other exchanges are required for most alts. hold control on your keyboard and zoom out with your mouse scroll wheel.
Thomas Bromley (8 months ago)
Well good video man ya know how to explain your trades in simple language.👍 I've started on GDAX few week back holding out for a small return🤑. Q. Can you withdraw from Gdax straight back to bank account when verified..?🍀🍀
Dylan Fowler (8 months ago)
Google just brought me here. I typed MrSotko CryptoCurrency youtube in the Google search bar, will do it one more time which will help increase traffic to your channel.
scorlin gonzalez (8 months ago)
is it realistic to make 300 a day if you day trade with a whole bitcoin on a normal day
Cyberdyne Systems (6 months ago)
good question
Murtaza Habib (9 months ago)
do you start with a set amount each day? or do you use your profit from the day before?. Can you explain a little about your strategy?
Solomon Odjegba (9 months ago)
hello which other exchangers that dont charge a fee
Jkou Files (9 months ago)
Do I need at least current market price? I only have 95$ lol
Jkou Files (9 months ago)
MrSotko CryptoCurrency thanks. I just figured it out. Unfortunately I had to figure it out on my own how and where to enter the info. But… I made 2$!
MrSotko CryptoCurrency (9 months ago)
you can buy fractions of coins. you dont to buy an entire coin to trade. minimum trade is like .01 i think for all coins. buy some litecoin and start trading.
Cesar Cervantes (9 months ago)
OMG!! ihave been searching everywhere for a video that explains how the order book works and you my man have helped me! im not even half way down the video but i had to pause to tell you how good of a video this is!! Thank you!!
RiverRat 25 (9 months ago)
Awesome video.Could you make more like this?
lonnie romero (9 months ago)
I want to get in to bitcoin just starting learning bitcoin . when is the market open is it 5 days a week?
Leonard Mckenzie (8 months ago)
well there is no vitual market for cryptocurrencies , its a digal market so it is open to you always. it is a wonderful opportunity to earn a whole lot more than whatever you are presently earning. so if you havent started trading yet, i would love to help you get started and if you are trading already,i can help you maximise your potential far more than what you have now.
Jay Edward (9 months ago)
Great Video! Feel free to join my Krypto Mafia on Telegram! You would be a great asset to others.. www.t.me/kryptomafia
P Rick (9 months ago)
Join our pump & dump group for some real fun .... https://discord.gg/m3NrAAT
Randy Reddick (9 months ago)
What are traders gonna do when this tax reform kicks in?? Taxes on every trade?? Way too much
Matt Mullins (9 months ago)
No, it's only capital gains tax.
Randy Reddick (9 months ago)
MrSotko CryptoCurrency from what I've read so far... they are trying to correct tax every single time you do any transaction, such as buying an alt coin with btc or changing from another coin to btc as well as taxing the capital gains when cashing out.... they want every transaction logged and taxed
MrSotko CryptoCurrency (9 months ago)
only on the capital gains of it. just like the stock market and investments in general. so only when you sell it, not buying it. if you made a couple hundred bucks by selling, only that would be taxed id imagine, not your purchases.
Civci (9 months ago)
Excellent video that gives great insight into micro trades. Thank you for this.
yourpersonalgrowth (9 months ago)
I started to learn crypto trading weeks ago and your video was very useful for me to get an idea about day trading, thanks for that. After a while, I became kind of more interested in "swing trading". Recently, bitcoin was at a low price and when I wanted to buy, I found GDAX unresponsive or down. I am considering to get Coinigy to avoid missing opportunities. Do you trade every single day?
Albert Paredes (9 months ago)
Looks like alot of fun, great video! I want to start trading soon I just have to watch more of your videos first lol BTW I'm in Phoenix too. Keep the videos coming!!!
Devin Newton (9 months ago)
This video was amazing, thanks a lot.
Negan (9 months ago)
Love your videos! Most informative video I have seen for beginners
Mike Miller (9 months ago)
Great video man. Very informative.
PauL Zhou (9 months ago)
Teach me how to trade pls!
MrSotko CryptoCurrency (9 months ago)
watch my day trading bitcoin for beginners video.
Kelly Parker (10 months ago)
Hey -thanks for the helpful tutorials! I've subscribed and am a fan. I have a very noob like question to ask and was wondering if you might know the answer. So, let's say I buy a coin at several different price points, then go to sell a little bit of it sometime later.  How would you calculate your profit since you bought in at different amounts?
MrSotko CryptoCurrency (10 months ago)
selling all of it at once a bit later? keep a ledger. a notepad if you will at your desk or on your computer. how much did you buy in at? how much did you make after selling it? just keep track of how much you purchased it for and the difference after selling.
Leroy leroy (10 months ago)
will Gdax close your account for doing to much daytrading
MrSotko CryptoCurrency (10 months ago)
absolutely not.
Taliaa Tauatolo (10 months ago)
Thanks for taking us day by day for each of your trades. Really helps for beginners like me.
Schaefermeister (10 months ago)
Bro you're a smart guy I can tell. Can't wait to learn a bunch from you man gonna watch a lot of your videos.
joelikesconverse (10 months ago)
Great video man, learning a lot from you, probably a stupid question but when you want to cash out and retrieve all your profit, is that as easy as it sounds or is there fees and complicated steps to take? Thanks man
Luis Aparcedo (9 months ago)
Thanks for this video. When you finish your day of trading, do you keep your money in USD or BTC? Also, do you only trade BTC?
joelikesconverse (10 months ago)
MrSotko CryptoCurrency awesome will watch it now, thanks a lot man really like your teaching style.
MrSotko CryptoCurrency (10 months ago)
no fees to send it back to your bank account. takes several days for the transfer though. watch this video, https://www.youtube.com/watch?v=OTLBXbFcTNU
James Guerrini (10 months ago)
20k here we come!
Crypto Master Peece (7 months ago)
$6000 there we go! Next time it's at $20K. Sell the fuuuuuuuck out of your BTC.
Joanna Lis (10 months ago)
Great video man! I love it! We started trading few days before and your video is quite informative and good strategy :) small profits but still. I like it. As someone said in another movie, do not get greedy as it can loose you
MrSotko CryptoCurrency (10 months ago)
yeah i like warren buffet's quote even though he is kind of a turd "Fearful when others are greedy and greedy when others are fearful"
LadyBearTrap (10 months ago)
What time zone, please?
MrSotko CryptoCurrency (10 months ago)
currently US mountain time
ryan day (10 months ago)
Maybe I'm missing something... Please correct me if I am. But this seems like a lot of reactionary and emotionally motivated trading rather than predicting the market through TA. Isn't that how most people lose their shirt in trading?
MrSotko CryptoCurrency (10 months ago)
indeed wrong, but you have to realize as stated in the video that this was a compilation of several hours of trading, i just spliced it together whenever the time was right to buy just to show examples of trading to new and inexperienced traders. if you want to grab a book on economics, trading, and quadratic equations all the power to you. but its intended for newbies.
Ben Garrison (10 months ago)
Nice. Just did my first 5 trades over 20ish minutes and made a little over 1% ($1.12 on $106 hahaha). Last sell missed out on a $200 skyrocket, but I was still profitable. This is pretty cool.
MrSotko CryptoCurrency (10 months ago)
cool. every little bit counts, plus its good practice before you invest more. dont be ashamed by only making 1.12. you made money and if you had more bitcoin you would have made even more. keep it up.
Christopher Rudy (10 months ago)
this is all overwhelming so much info, i dont understand how to utilize it all. welp fuck it i guess ill play with the 400 $ i put in or just take it out and buy some pet rocks. jk i really need some help bro wtf do i do to start i have the concept just not the details of understanding it.
rockanrollrudy (10 months ago)
Thank you I will
MrSotko CryptoCurrency (10 months ago)
try this video instead. https://www.youtube.com/watch?v=OTLBXbFcTNU
MindTheGap (10 months ago)
unfortunately you didn't actually show us the buying or selling part, you skipped the most important bits of the trading experience which was showing us the action of putting the order to sell/buy. Any chance you can do a quick video showing us this activity. Thanks
MrSotko CryptoCurrency (10 months ago)
well its basically implied. i use limit buy and sell orders. you type in a number, and wait. i removed the boring part. so just imagine typing in the number yourself i guess. i plan to make more of these sooner or later
karma police (10 months ago)
better off just to undercut everybody by a penny
MrSotko CryptoCurrency (10 months ago)
typically, yeah lol.
RAY soto (10 months ago)
hows taxes work? have you done them yet?
Michael Baker (9 months ago)
semantics!
jgould30 (9 months ago)
In the US you must pay capital gains taxes on any profits at a minimum. You can also write off up to 3k/yr in loses if you do have them.
Jacob McKenna (10 months ago)
MrSotko CryptoCurrency umm.. capital gains tax is always required..
MrSotko CryptoCurrency (10 months ago)
no, but i did hear the IRS is making coinbase and GDAX submit taxes and information. so perhaps soon they will require it.
HELLOSEMPA (10 months ago)
Trying to learn and understand how to do all this. It's hard, but extremely interesting to me
Armin Friedel (5 months ago)
mr sotko maybe we can change information i have some interesting clients. Inform me
HELLOSEMPA (10 months ago)
Watched that too. Really like you're videos! Keep it up
MrSotko CryptoCurrency (10 months ago)
hey welcome to the crypto world lol. try this video first. https://www.youtube.com/watch?v=OTLBXbFcTNU
sonofagunM357 (11 months ago)
How come your fees say 0 and my fees dont?
johnnyquad2 (10 months ago)
He is using limit orders and providing liquidity. You only pay if you use market orders to hit the current price.
MrSotko CryptoCurrency (11 months ago)
i only use limit buy and sell orders which have zero fees. if you use the market buy or stop order it can result in a taker fee. if you are a maker you never receive a fee. market buy results in a fee, limit order does not, stop orders dont if they land on the limit price, but result in a fee if it has to be stopped. i have some videos explaining it all.
Alex Shtainberg (11 months ago)
you do not pay attention to buy/sell fees
Timeh MC (9 months ago)
You do not kno dee way you must kno see way to criticize dee queen
MrSotko CryptoCurrency (11 months ago)
lol, i am not receiving either of those fee's. i'm setting limit buy and sell orders which have zero fee because it results in a "maker of liquidity" watch my video on buying and selling without fee's. got him!
MrsSotko (11 months ago)
Haha haha, looks like a good time
MrSotko CryptoCurrency (11 months ago)
it is, we can dance together in a pile of digital bitcoin if you would like.
MrSotko CryptoCurrency (11 months ago)
It's been asked of me numerous times, so I bring you the real deal. A Day of Day Trading!
Who, Me? Nah (9 months ago)
When you say “at the end of the day” or “start of the day”, what times are those? I’m having trouble figuring that out
TiltVisualz (10 months ago)
Hi, great content and information you are providing, you make it easy to understand, what time of day do you generally do your trading?
MrSotko CryptoCurrency (11 months ago)
you can sign up on coinbase and your login information will be the same on GDAX, they are the same thing. there is a link to coinbase in the video description, take it you'd like or just go there yourself and sign up. i've got numerous videos that show how to sign up, buy, and sell.
sdk mt (11 months ago)
MrSotko Club Sandwhich Hey I really appreciate the time you took out of your life and we're able to explain to us your side of view. I'm fairly new to crypto trading. But I get it. I'm gonna start. But my problem/question is what is a safe and good website to use to buy and sell?

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