In the last month I’ve been playing around with this up/down style of trading on crypto, not with big amounts, more like 5–10 USDT per position, just to see how BTC/USDT and ETH/USDT move on short time frames.
In the evenings after work I usually do around 20–30 trades of 1–5 minutes, strictly based on the chart and two or three price levels, no weird indicators.
I tested a few platforms and at some point I ended up on Pocket Option, because I wanted something where I can set direction and time fast without digging through ten menus for every single order. I started on demo for about three nights in a row, then switched to real with a small deposit so it wouldn’t hurt too much if I burned it.
What I figured out is that the hard part isn’t really guessing the direction, it’s the discipline. After 3–4 winning positions in a row you automatically feel like doubling the stake, and two minutes later you realize you’ve wiped out everything you made in the last 40 minutes.
To keep it from getting out of hand, I set myself a fixed time limit (maximum 45 minutes a day) and a loss limit per evening. If I hit that limit, I close everything, no matter how good the chart looks. Right now I’m trying to stick to these rules as much as I can, I log the time, pair, and amount in Excel, and I’m just trying to see if at the end of the month this whole experiment was worth it or if I only managed to fry my nerves on the flashing lights on the screen.