I have dabbled in buying stocks through the, Robinhood, app, mainly, because I wanted to buy the Beyond Meat stock the first week it started trading on the NYSE. The Robinhood app allows you to buy whole shares of stocks with no trading fees.
You can also get a free share when you sign up through this Robinhood link. I’ll chat more about Robinhood at a later time, but I wanted to state that I have bought some individual stocks as well as bought some individual crypto coins to hold on to for the long term.
Many of you have probably heard of day traders. Day traders will buy and sell traditional stocks, currencies, futures and options for a profit, many times using sophisticated software to assist them in making split second trades to maximize profits.
With the rise (and fall) of cryptocurrencies, many of the same techniques used in traditional stock trading have been applied to the crypto market.
I envy my friends who can make a living trading stocks. On the surface it may seem like a huge paycheck for a small amount of work, but I have seen how many hours go into market research. It’s been rumored that Warren Buffett invests 5-6 hours a day reading five newspapers and 500 pages of corporate reports. That’s a lot of work!
It would take me decades to accumulate the knowledge to be a full time day trader, but that doesn’t mean I can’t leverage some of the tools they may have in their arsenal.
With the assistance of AI Trading Tools, the computers can make the split second trades which can make a huge difference in profits.
In early 2018, I started looking into various artificial intelligence trading algorithms and found a few which looked promising. Some of them cost many thousands of dollars to buy the software, and the other ones charged a licencing fee based on time-frame and total amount of money which was being traded in the market.
I chose to go with the second option to pay a licensing fee to test out the market, since this was a part time experiment for me.
The company I was already using for mining started offering cryptocurrency trading for Bitcoin & Ethereum. I was very impressed with the trading results.
I’m currently looking for a new company to partner with for AI trading. I’ll keep you posted on what I find.
I’d like to take a moment to say, I’m not offering professional investment advice, but I’m just sharing my thoughts and ideas as a cryptocurrency enthusiast. The results shown above are only a sample and are not a guarantee of future performance. If cryptocurrencies are of interest to you, I encourage you to investigate the data on your own and ONLY enter the mining & trading market once you have done your due diligence.
I hope you found this information helpful.