The price hike associated with Ethereum’s success means that mistakes can be costly. One piece of advice for Ethereum day traders is to keep speed in mind.
Ethereum is gaining momentum quickly, and if it doesn’t react quickly, it can lose more than it loses from rising prices. Timing is everything. You can jump $6 and buy it again for $3 lower, but before you jump $10 it only drops to $4. Then you can’t even drop at the price you sold. So, if you want the next price increase, you’ll have to buy again a few dollars more than what you sold.