Crypto day trading is more stressful than I thought! - page 3.

xanaxxx

jr. member

Activity: 280

Merit: 1

Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

haha I bet it is! It's probably the most stressful job ever. I didn't do day trading but I used to check the rates of bitcoin all the time and I have quite few grey hair from that time. Time I just chill and hodl

klixion

sr. member

Activity: 645

Merit: 250

Cryptocurrency day trading is stressful because the market never closes. It's technically, not day trading, it's day and night trading with no weekends or holidays. Not only that, but the dips can break a person if they aren't ready for it. No other markets have swings like the cryptocurrency market.

cryptobobo

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Activity: 210

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Best tip is to start learning your basic technical analysis because it is very important on how you will have higher accuracy in trading altcoins,perfect entry and perfect exits could give you a lot of money but you need a lot of experience to master your trading instincts,funamentals has also big impact to our market's situation so we need to consider both technical and fundamentals.

Desscount

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Activity: 1386

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ComboLabs

Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

I think you should try researching before you actually trade. you should look for a lot of information about the altcoin you hold. And what you should know, you must involve trading knowledge.

maereglapo

member

Activity: 181

Merit: 10

If you know what you are doing you wont be stressed,i am doing marginal trading and it requires a lot of patience.You need to have years of technical analysis so you could achieve success in trading technical analysis can be learned in just few months but the experience and the instinct you need might be hard to achieve.

The Sceptical Chymist

legendary

Activity: 3500

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Quote from: Tash on February 19, 2018, 06:33:53 AM

Its outright boring, waiting for the right moment to execute trade.

I never found it boring. I'm with OP, because I always found trading shitcoins to be stressful, and an activity that always requiredmy cconstant attention, kind of like sitting at a high stakes poker table. That's why I'm out of the trading game for good, and I'm sticking with the stock market. And I don't actively trade there, either--I'm a buy-and-hold kind of investor.

If you don't have the stomach or the balls or the patience to trade, don't do it. The market will eat you alive and spit out your empty wallet.

terible.hunter

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Activity: 490

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Yes, in this you are absolutely right, I also thought before that traders are ordinary people, I think that these are far from standard people, I think that they just have the steel nerves and steel eggs that control the course of this or that coin.

Maluscoviski

member

Activity: 135

Merit: 10

never been able to predict 100% because the market is changing all the time, but there are some points that can help, graphical analysis and the main trends of verification, more like nothing in the market of crypto or fiat always predictable

lamadu3

full member

Activity: 490

Merit: 100

Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

Trading is very stressful doing. This obvious thing that for successful trading it is necessary to be not only smart and experienced person. The important feature is strong character and availability to conquer the stress.

mautenisis

member

Activity: 274

Merit: 10

Im sure if you trade without any basic knowledge you will be stressful but if you did learn some basic technical analysis im sure you wont have any problem on how to trade perfectly,good entry and exits will be much easier to know when you are trading with technical indicators.You can start reading technical analysis in investopedia that is where i have learned most of the basics.

illete

member

Activity: 115

Merit: 15

Effort,stress included in every work,If you are not putting efforts and right decisions on time it will convert in stress.Being strong and mature trader believe in good moment,do not panic to sell wait and hold will get positive results.

makishart

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Activity: 3108

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Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

Every second the market will move to random direction, i guess that was just like a heart attack for you to see the price dropping a lot just in some hours or even minutes.
Because crypto is unpredictable and I suggest you do long-term trade rather than daily trade. I thought that you could try to leave from there if you are getting decent profit. I say never try to be a greedy person.

Hamstead

sr. member

Activity: 805

Merit: 250

Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

If you play it will in trading, absolutely you will be profitable. Not exactly all the times we've got profit, it sometimes also we fail but mostly more on gaining. People says trading is stressful, for me it is not, I totally enjoy of what I'm doing and I make these as my habit and very often than I visited everyday.

cryptodagger

member

Activity: 224

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It will be stressful if you dont have any knowledge in trading,you need both technical and fundamental analysis so you can easily know which is the best entry and exits in your trades,you dont need to learn everything just make sure to have some basic technical analysis,indicators like mas,ema,bollinger,etc this would be perfect and im sure life will be easier.

pokokeke

newbie

Activity: 112

Merit: 0

of course because now has started to grow many investors who jumped in the world of crypto and I think this will make the crypto will be more popular for the future. and I hope that crypto can become a legitimate tansaksi in every country in real life!

Gelesko

member

Activity: 322

Merit: 10

Quote from: Odat on February 19, 2018, 03:24:30 AM

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

There are tips I can offer, DO NOT DAY TRADE LOL, I am joking! For a day trade you must follow all the news, if you miss something out, all technical analysis will fail. Use no longer than 15 minutes graph for technical analysis, if the news bad for the token, don't try to trade against the market! Golden rule when everyone is selling, you buy! When everyone is buying you sell!
But I wouldn't advise day trading, as you are right. It is very stressful and on certain news that you might miss, the market can make funny reactions.

enhu

legendary

Activity: 2492

Merit: 1018

Crypto day trading is very different to forex trading where there is a leverage that you can amplify earnings with the slightest price movement, you probably can't earn $50 a day when the price moves up 5%. Its mostly holding and selling at the right price and waiting for price dip once again which can take up time, holding tokens for a week to two can be profitable, sell it and then start spread fud to make people panic but this is such a dirty trick that we see over and over here.

Don Stefanello

newbie

Activity: 182

Merit: 0

Yeah it very much is stresfull, what did you expect

you know that between wall street guys the rate of suicide is one of the biggest in any job out there, trading is hard af, and when playing with the big boys you can imagine what one big downswing can do to you and your mindset

mrchef111

member

Activity: 490

Merit: 14

Yeah I hear you! lol it was crazy when I first got into it. I would look at my portfolio 10 minutes later it would be up 300 bucks, 2 hours later it would be down 500! lol. But I think it helps to bring the stress level down when you are only investing money that you can afford to lose. Don't take loans out to invest in cryptocurrency, don't borrow from family, etc. That should help with the stress.

MartiniBlanco

sr. member

Activity: 647

Merit: 260

I think trading is not the best way to make some huge profits. You can just make 10-20% and I am not a friend of these small profits and I prefer to hold my coins until 300% or more gains.

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