Topic: Best day trading strategies (Read 440 times)
There are lots of sites out there that can help you learn everything you want to know about day trading, including candlesticks chart analysis and a lot more of them. Candlestick is the best chart for trading, I’m very sure that you already knows. If you’re a newbie in trading, anyone who is teaching you is likely to tell you that as the first thing. Day trading is not quite easy, but it’s left for you, you have the choice to make.
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
You can start by just trying it out with a smaller amount of money. Either that, or make predictions beforehand, and if your predictions are true, then when you feel comfortable, you can actually invest. I like to watch what I'm going to invest in for a fairly long time (weeks-month) before I actually put money into it. You should always make sure that what you're going to put money into is either going to make you money, or it's not going to harm you significantly.
Day trading is not for newcomers for sure. If you want to have good and understandable trade just buy the dip for the projects you trust fundamentally. Most longterm holders win vs day traders. It's statistics.
Yes, that's absolutely right: day trading isn't for newbies because it is the hardest kind of trading. For the beginning, you need to receive information correctly, learn technical analysis, start trading with a small deposit and in about 2-3 years you can switch to day trading.
There are multiple day trading strategies. Although the best to one person, may not be the best to others. You may have to find your own "best" trading strategy. Read and watch trading lessons and practce.
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
The basic rules of trading buy for lowest price and sell it high price. If you hold right coins for long term you can easily gain profit. Usually i will use blockfolio app. i will set alert as much i expected. If the price reach the expected price you will get a notification. That time you can sell it.
Day trading is super hard; you have to be glued to the markets and news, following trends and using technical analysis to make scalps. Even then, a quick change in the market can stop you out on all your investments.
If you really want to day trade start watching @philakonecrypto's videos on youtube and follow him on twitter. He is one of the best teachers out there, you can definitly learn a lot from his tutorials!
it would be very risky for newcomers to do day trading it would be better for you to trade long-term with you having very good and promising coins. this will give you an advantage and less risk than you do day trading that pose a huge risk to you.
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
Strategies are good to make as they help you in future but you have to alter all your previous plans according to the situation you are trapped in but day reading trading is not an easy task especially for newcomers as you require complete knowledge, skills and experience for it which almost every beginner lacks instead you can opt long term investments.Still yoy can buy at the dips but only good coins with great scope and potential in future. I don't think there is any specific strategies for it. But from what I have learnt so far; it could be quite handy for noobs whom are just starting out. My advice is to start with the normal simple traditional trading. This also does not have any specific strategies or secret to start out. All you have to do is to buy your coins when they are dip and hold them to sell when the price pumps. Probably by when you have learn enough at the processes, you will gradually move or migrate to day trading.
I have a very different view from you, I believe today is the right time for us to trade. If you watch on https://coinmarketcap.com/ can see the price of bitcoin and other coin is falling very strongly, that is the opportunity for us to buy and trade. Not only bitcoin but also other coin. Due to profit taking from Asian investors before the holiday, I think that in just one month to bitcoin will increase extremely strong.
I always follow these two rules so as not to lose a lot of money:
1- The more money there is in the account, the easier it is to trade. If you lose $10 when you have $1,000 in your account, you will not be particularly upset and will continue as planned. But if there is only $50 in your account, this could be unsettling and lead to mistakes and loss of the entire account. Not to mention the fact that in the first case there are 100 attempts to correct the situation, and in the second - only 4. It's simple arithmetic
2-Determine your maximum losses per day. For example, 15% of your capital. Once you reach the limit, stop trading no matter how "tasty" the situation on the market seems. Even if you think you see the trade of the century! Such premonitions are really mirages.
1- The more money there is in the account, the easier it is to trade. If you lose $10 when you have $1,000 in your account, you will not be particularly upset and will continue as planned. But if there is only $50 in your account, this could be unsettling and lead to mistakes and loss of the entire account. Not to mention the fact that in the first case there are 100 attempts to correct the situation, and in the second - only 4. It's simple arithmetic
2-Determine your maximum losses per day. For example, 15% of your capital. Once you reach the limit, stop trading no matter how "tasty" the situation on the market seems. Even if you think you see the trade of the century! Such premonitions are really mirages.
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
Day trading is a "High Risk, High Return" strategy, my only advice is dont be greedy, set youre goal to minimum, when you get lucky trade DONT ASSUME you get the pattern and go all-in because there is no pattern and youre just lucky.
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
Day trading is a "High Risk, High Return" strategy, my only advice is dont be greedy, set youre goal to minimum, when you get lucky trade DONT ASSUME you get the pattern and go all-in because there is no pattern and youre just lucky.
What is day trading 
first time hear this. Explain pls. i'm new too
first time hear this. Explain pls. i'm new too
Day trading would not probably work to beginners in trading actually the people who do it are those who are in trading for a long period of time because they are expert in forecasting which coin has the highest probability of success, for beginners better make first a lot of research and as much as possible get experience from long term holding before starting to do day trading also they can ask help to those people they know who do day trading very well
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
You don't need to learn technically those chart terms and analysis. You will learned it on the way. Basic is enough including learning the interface of your preferred trading site. Charting + Technical analysis no matter how good it is are useless and when volume breaks up especially on day trades. Market manipulation can destroy fearless analysis. Day trades are more risky so for the meantime since you are new, refrain from doing it and instead try to study on how to do long term trades or should I say, buy + hold + sell + then repeat.
The goal is to; buy low and sell high but don't take that's as an easy thing to do. What you need to do is to find recipes on how will you achieved that goal. So yes, it's a must that after learning some basics, you need to do an actual trade and test it out. Find your winning strategy and on the way you it's possible that you will lose. But that lose can be your reference for your future action on trades so just continue to build your own trading experience.
The best day trading strategy? Don't day trade at all. It's not really worth it because you will rarely find yourself consistently pulling off profitable trades and even if you do it will eat up your soul. The amount of stress you will be subject to (if dealing with large amounts of money) is not worth the monetary gain, if any. You can always flip a coin for a 24h position but that shouldn't be considered day trading in my opinion. In these markets you can get rekt one way or another (getting dumped on, buying into hype, selling too early etc.).
I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
If you are a complete newbie then it wont really be simple as it sounds since day trading is the most stressful kind way of trading because you do actively need to see price movements from time to time and as a newbie without having much knowledge will really struggle and in result on loss of money. Reading up basic is recommended and as you ask about candlesticks,chart analysis can really be also found on youtube,lots of guides there can be seen. 
In my opinion, the strategies are very necessary in trading, but before that It is very important to learn the market and know the future expectations for different currencies, especially when you are a beginner in this field.
On the other hand, the start in this field can be difficult and particularly when there are financial losses. In fact, every experience will teach you how to behave, whether unsuccessful or successful.
Otherwise, the right decisions are essential to success in trade and in addition to not rush to sell or buy. for example when you buy a large value of a currency and after you have waited a period of time your profits will be large. So patience is the key to success in trading.
On the other hand, the start in this field can be difficult and particularly when there are financial losses. In fact, every experience will teach you how to behave, whether unsuccessful or successful.
Otherwise, the right decisions are essential to success in trade and in addition to not rush to sell or buy. for example when you buy a large value of a currency and after you have waited a period of time your profits will be large. So patience is the key to success in trading.
Not doing day trading. It is very risky especially for beginners. Try to buy altcoin at the lowest price and be prepared to hold it for a long time.
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