Topic: Crypto day trading is more stressful than I thought! - page 2. (Read 505 times)
Appreciate all the tips. It seems like I need to learn some technical analysis. I know nothing is guaranteed but anything helps.
The truth is, Day trading in crypto works but almost 60% of the time, you find yourself HODLING that coin as a result of bad decision you made. Day trading exposes you to more risk, you only depend mostly on technical analysis and it really toils so much with your emotions.
Investing in Cryptos for the long term is always a better alternative than short term. I always advice people on that.
Investing in Cryptos for the long term is always a better alternative than short term. I always advice people on that.
Yes daytrading is such more stressful than long term trading, i can advice you to downaload some apps like Blockfolio app to make an alert to the movement of an crypto asset, very simple and cool to use it
If you have some questions pm me without problems
If you have some questions pm me without problems
No,it will be much easier for you to trade when you have some basic knowledge about technical analysis because most of the traders in cryptocurrencies are using technical indicators in every trades they made,so you need to learn this thing if you really want to have more accuracy in your trades,but for me trading is never an easy investment.
it is totally right. all day I have to watch the price whether rising or falling. and it is stressful when I hope the price of coins I have are rising and it needs patience.
Start slowly and invest on the most reliable ones rather than on the new and cheaper ones if you are still stressing out and doubting everything you do. Set your goals in trading on how much profit or gain you are looking for so that the regret will dramatically decrease, because you need a sheer luck if you want to buy a coin on its lowest and sell it in its highest.
All in crypto to earn are hard if you don't have knowledge so better to do are always read and monitor some exvhanger or different exchanger day trading is so hard but still we can use that's strategy and the best example of it is in AION trade this in binance it's only drop or go high by 0.0003 btc to 0.00035 btc so it's good gor day trading but sometimes atleast more days.
I have great advise for you. Try very short trades. To do so you need to use few indicators at the same time. Use stoch, rsi and macd. They will increase your chances to predict the price movement. And don’t try to get maximum profit, I close the deal if I get 2-3 percent profit. This way is more safe. The only thing is that it keeps you really busy all day since you need to do many trades
Not really if you know what you are doing it could be less stress than you are experiencing,i suggest that you start conducting your own research so you would know which coins are worthy or worthless enough,reading the whitepaper will surelly helps you to find out if the project is worth the hassle or it is just a waste of your time,either way do not let your stress affect your daily routines.
It is wild wild west out there when it comes the trading cryptocurrency. In order for you to navigate the turbulent sea of cryptocurrency market, you must set your entry and exit price. Use stop loss and auto sell to start and end your trade and don't be ambitious with price.
Its because you dont know how to trade using technical analysis,your life could have been much easier when you have done your part,which is to learn the basic things you need especially in trading,you need to have a good basic knowledge trading would be much easier because doing technical analysis will give you less chance of losing your money.
I think the current is not suitable for treading because its token / coin toss is very bad and this will hurt you if you have altcoin then my suggestion is better you just bear it. as this will be even higher next month.
Cryptocurrency trading in general is really stressfull, i can feel your pain and your stress because i've lived your situation, the best part in crypto is that you must struggle and hodl, wait and never get tired to get good profit, remember that theres a legends that bought BTC back in 2010 and they have the same amount right now, these are the best example! Crypto is patience!
it's a natural win and I often experience it
then besides that if we trade then must have 2 capital that is for the saving and trade. so we can calmly trade.
then besides that if we trade then must have 2 capital that is for the saving and trade. so we can calmly trade.
Day trading is much more easier compare to scalping which you will need to trade from 1minute and 5minute charts,you should start learning some basic technical analysis so your trades would me much easier,you can predict for the possible outcome with high accuracy,perfect entries and exists would give you a lot of winning trades.
That would be stressful for those people who got into trades without any proper knowledge about technical analysis,first we need the basics because it will be our foundation to whom we will be in the future.Technical analysis and fundamentals are two major factors in trading that you need to learn and master because it will give you more confidence and accuracy with your trades.
Trading would be very stressful when you get into trade without any experience or background in technical analysis,so you need to learn the basic trading analysis so you would have more chance of of winning every trades you made.Go to investopedia and start your technical lessons watch some youtube tutorial for you to be able to understand how to trade like a pro.
I think that you are absolutely right. Trading is for people who already have some experience in crypto. Everyone should learn and prepare himself before start day trading.
I tried sometimes to trade every day. I was lucky to stay with my money and not lose out. But this is stress. You buy a coin, because you know that news is coming soon and the rate should go up. The news is coming out, but the value is falling. And you do not understand why.
The second option. Everyone expects the project to be updated, everyone says that the price will rise, but the price of bitcoin drops sharply. And no one is interested any more what is there with the project, what prospects. The price just flies down together with the price of bitcoin.
The second option. Everyone expects the project to be updated, everyone says that the price will rise, but the price of bitcoin drops sharply. And no one is interested any more what is there with the project, what prospects. The price just flies down together with the price of bitcoin.
For the people who get into trades without enough knowledge in both technical and fundamentals wont have a big problem,but if you have some experience from the past,this shouldnt be a big problem.You need to have a good basic technical analysis because it will dictate your perfect entries and exists with each trade you are into,fundamentals or news would be your reference if you are going to trade the coin or you would hold.
Trading would be very stressful when you get into trade without any experience or background in technical analysis,so you need to learn the basic trading analysis so you would have more chance of of winning every trades you made.Go to investopedia and start your technical lessons watch some youtube tutorial for you to be able to understand how to trade like a pro.
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