A great and constructive article, but it still lacks a little about capital management (one of the most important skills in trading).
I have seen a lot of people who are knowledgeable about trading but they still trade losses as usual. I realize that knowledge of capital management is very important and this article lacks lessons on capital management. Can you provide a few more good articles on capital management? thank you very much.
Topic: Cryptocurrency Day Trading: How to Get Started & How to Win (Read 583 times)
sometimes daily trading is interesting but it requires courage and strong conviction to get profit and avoid loss. In the related article shown by Op, there is a way that I often do in daily trading, namely by exploiting the price difference called by Op (Arbitrage Crypto) where I always compare prices one by one for each exchange before making a sale, the aim is to can get a little higher profit, besides, don't forget to consider the transaction costs that must be incurred for each exchange because each exchange has a different transaction fee.
In fact, you said everything correctly, but for me today the fact of a profitable transaction plays the most important role. if someone is worried about the amount of commissions and so on, then for this you can choose a more suitable cryptocurrency exchange for your activities, as in my case, the choice fell on binance. In addition, I also constantly lack the courage to place the correct order and it seems that all these obstacles in front of a novice trader arise from a lack of experience. 
I thought you all might appreciate this article 
Cryptocurrency Day Trading: How to Get Started & How to Win
In this article we’ll be discussing the following topics:
Continue reading the full article here: https://www.coygo.app/blog/posts/cryptocurrency-day-trading-how-to-get-started-how-to-win/
Thanks for sharing but i think the Most appropriate question to be answered this is the Number 2 question and this is It. Cryptocurrency Day Trading: How to Get Started & How to Win
In this article we’ll be discussing the following topics:
- What is day trading?
- Is crypto day trading for me?
- What are some day trading strategies?
- Basic tools for day trading crypto
- Advanced tools for mastering crypto day trading
- How do I find which cryptocurrencies to trade?
Continue reading the full article here: https://www.coygo.app/blog/posts/cryptocurrency-day-trading-how-to-get-started-how-to-win/
Is crypto day trading for me?
Because i believe that Trading does not for everyone here.
So many wanna be traders are now out of crypto or converted in Holding because they cannot stand losing and losing for trading daily.
Better to decide after trying couple of times if you wanna stay?or wanna quit to save your money from losing.
sometimes daily trading is interesting but it requires courage and strong conviction to get profit and avoid loss. In the related article shown by Op, there is a way that I often do in daily trading, namely by exploiting the price difference called by Op (Arbitrage Crypto) where I always compare prices one by one for each exchange before making a sale, the aim is to can get a little higher profit, besides, don't forget to consider the transaction costs that must be incurred for each exchange because each exchange has a different transaction fee.
I thought you all might appreciate this article
Cryptocurrency Day Trading: How to Get Started & How to Win
At some point or another most of us have probably thought about cryptocurrency day trading. The idea of actively making a profit every day certainly sounds appealing, but many people often jump in without doing enough research and end up getting burned. Luckily, if you want to day trade Bitcoin or other digital assets you can benefit from decades of people trading stocks and all of the experience and tools that have developed alongside them. Most of the concepts of trading stocks, and especially the FOREX market, can easily be applied to trading crypto and Bitcoin as well. Let’s take a look at what crypto day trading is, how to get started, and what tools we can use to gain an edge.
In this article we’ll be discussing the following topics:
Continue reading the full article here: https://www.coygo.app/blog/posts/cryptocurrency-day-trading-how-to-get-started-how-to-win/
Nice Blog and this is really helpful for incoming daytrader though i am not a fanatic of this area of profiteering because this is very risky. Cryptocurrency Day Trading: How to Get Started & How to Win
At some point or another most of us have probably thought about cryptocurrency day trading. The idea of actively making a profit every day certainly sounds appealing, but many people often jump in without doing enough research and end up getting burned. Luckily, if you want to day trade Bitcoin or other digital assets you can benefit from decades of people trading stocks and all of the experience and tools that have developed alongside them. Most of the concepts of trading stocks, and especially the FOREX market, can easily be applied to trading crypto and Bitcoin as well. Let’s take a look at what crypto day trading is, how to get started, and what tools we can use to gain an edge.
In this article we’ll be discussing the following topics:
- What is day trading?
- Is crypto day trading for me?
- What are some day trading strategies?
- Basic tools for day trading crypto
- Advanced tools for mastering crypto day trading
- How do I find which cryptocurrencies to trade?
Continue reading the full article here: https://www.coygo.app/blog/posts/cryptocurrency-day-trading-how-to-get-started-how-to-win/
I have sets of friend that tried this couple of times but failure comes to them.
I will advice all the prospective trader to check your skills first before doing such because it is your money that will lose here not ours.
i guess on situation right now,days trading it seems not profitable, except u play on laverage trading or margin, i dont see any good chance on spot trading can make 3 or 5% profit,and also,since june,market moving so wildly, the best choice is holding or quick trading like scalping.
You are wrong because if you check the market you can see that the Ups and down is continuously happening and this is what traders need to make marginal profit. 
~snip~but the sad things is not everyone called for it were majority of the traders always ended up
for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
Traders who always end up losing, with no results and losing their coins are novice traders who don't know about trading techniques, analysis and others.for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
Starting to trade without basic knowledge about trading will only waste your money for nothing, but if you have great luck, you might get results without trading knowledge.
But to become a trader who can get results, start with basic trading knowledge. What can and can't be done when trading. That will be helpful enough so that the words "Always End Without Results"
The article is quite nice and is very detailed/exhaustive but I think there's a lot of information you'd have to cover to get through everything but I think it might be a good starting point for novices to work out what to do with trading...
Without a solid strategy a lot of people seem to lose money more often than they gain and sometimes people end ip with a false positive (in gambling referred to as a "streak") too where they'll inevitably lose. A lot without taking their profits at a good time.
Without a solid strategy a lot of people seem to lose money more often than they gain and sometimes people end ip with a false positive (in gambling referred to as a "streak") too where they'll inevitably lose. A lot without taking their profits at a good time.
Do you know what? I was a little skeptical at first but once I started reading the article I found myself reach to the end of it. Now that I've read it I don't mind you pumping this article because it has good content and its informative. So much so that others might find useful. Good job!
Starting to trade without basic knowledge about trading will only waste your money for nothing, but if you have great luck, you might get results without trading knowledge.
If you start depending on your luck factor then you will get out of trading slowly over the time. Because, there cannot be any possibilities for being a crypto trader by depending on only luck things. You must develop required skills for crypto trading so that this trading will support you to gain profits and that gains could be up to the level for a high level of living. At the same time if you fail to make yourself skilled for trading then you may lose all your capital which may end up to the level of degrading your lifestyle.But to become a trader who can get results, start with basic trading knowledge. What can and can't be done when trading.
Yeah, we can start trading with basic knowledge but we should risk only small capital in the beginning days so that we can learn about what are things should be avoided for better trading so that we can maximize profits when we are increasing capital amount accordingly. This is all about slow learning over the time along with real market experience.
~snip~but the sad things is not everyone called for it were majority of the traders always ended up
for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
Traders who always end up losing, with no results and losing their coins are novice traders who don't know about trading techniques, analysis and others.for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
Starting to trade without basic knowledge about trading will only waste your money for nothing, but if you have great luck, you might get results without trading knowledge.
But to become a trader who can get results, start with basic trading knowledge. What can and can't be done when trading. That will be helpful enough so that the words "Always End Without Results"
Before you start trading daily, you need to know the following;
- In order to be able to trade daily, very basic and technical analysis knowledge should be obtained.
- In order to be able to trade daily, screen monitoring should be done continuously.
- In order to be able to trade daily and earn money from daily trading, a significant amount of experience is required.
- In order to be able to trade daily successfully, there should not be very high earning targets.
At the end of my message, I want to remind my sentences again. In order to be able to trade and earn money successfully, you must have very good technical and basic analysis knowledge, and you must have a good level of experience.
- In order to be able to trade daily, very basic and technical analysis knowledge should be obtained.
- In order to be able to trade daily, screen monitoring should be done continuously.
- In order to be able to trade daily and earn money from daily trading, a significant amount of experience is required.
- In order to be able to trade daily successfully, there should not be very high earning targets.
At the end of my message, I want to remind my sentences again. In order to be able to trade and earn money successfully, you must have very good technical and basic analysis knowledge, and you must have a good level of experience.
So, I work on other resources to save some big capital to buy more BTC at possible dips.
yes , i also looking for it,and somehow, we still possible to under 8k range, based on what analyst say on many many TA .i just thought it will be happen on june 26 when $930M in Bitcoin Options Expire on deribit futures , but well, i guess bear have no interest anymore with something like that,after BAKKT last year.
This is not at all covered by any of day trading technique. Because it is all about long-term holding and it is a viable trading technique only when we are having long-term plans for holding. Once I tried to day trade bitcoin but I was unable to tackle against bitcoin's high volatility but current market seems a complete different one and it is highly suitable for day trading. But, I am still afraid to get into day trading because of the bad lessons and I have learned in the past
. There are so many guides on the internet in order to understand what is day trading.
However, theory is not always enough.
You have to see in practice and sometimes loosing money or making wrong decisions are necessary in order to master your trading strategy.
However, theory is not always enough.
You have to see in practice and sometimes loosing money or making wrong decisions are necessary in order to master your trading strategy.
Yes trading is a lose Ir win game. I said game because you don't do trading like something to take your life for when you don't make profit on the day. You lose some and win too but doing a demo account is better to master your plan before the big one which is going in life with your money.
Starting day trading we should be able to read price movements in the market, then choose exchanges with high trading volumes. And to win
we must be able to determine the right purchase price, because day trading must be able to generate profits per day. Therefore the risk of
day trading very large, without a good risk management our capital can certainly be exhausted. And the last day trading must use the stop-loss
feature, because we have to buy and sell in a short period of time.
we must be able to determine the right purchase price, because day trading must be able to generate profits per day. Therefore the risk of
day trading very large, without a good risk management our capital can certainly be exhausted. And the last day trading must use the stop-loss
feature, because we have to buy and sell in a short period of time.
Day trading is for everyone, but the sad things is not everyone called for it were majority of the traders always ended up
for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
for nothing, in short, loss their coins. If you want to start, all will begin with ourselves then take invest on it depending on the
coins you think it will give profit to you, just simple as that.
So, I work on other resources to save some big capital to buy more BTC at possible dips.
yes , i also looking for it,and somehow, we still possible to under 8k range, based on what analyst say on many many TA .i just thought it will be happen on june 26 when $930M in Bitcoin Options Expire on deribit futures , but well, i guess bear have no interest anymore with something like that,after BAKKT last year.
i guess on situation right now,days trading it seems not profitable, except u play on laverage trading or margin, i dont see any good chance on spot trading can make 3 or 5% profit,and also,since june,market moving so wildly, the best choice is holding or quick trading like scalping.
But, right now market is falling from $9320 and the current BTC price is $9234 which means solid more than $50 profits if you are set with 1 BTC capital. Still I agree with you that we cannot catch exact peak price of today and cannot wait until bottom of today; we need to buy and sell in between price levels which means for the capital of $9000, risking for $10 or $50 may not be the worthy ones as profits are lesser than 3% as you indicated. Even in this range bounded market, we are not getting enough market movements to ride on trend.Always I hate day trading and I do rarely look for day trading opportunities; but due to current market conditions of range bound, I got lesser options which pushed me looking for day trading opportunities. I am just paper trading for last one month to find our how good my skills are for day trading but concluding still I must stick within long term holding. So, I work on other resources to save some big capital to buy more BTC at possible dips.
i guess on situation right now,days trading it seems not profitable, except u play on laverage trading or margin, i dont see any good chance on spot trading can make 3 or 5% profit,and also,since june,market moving so wildly, the best choice is holding or quick trading like scalping.
I love the fact that you took your time to detail everything that a lot of people needs to know about cryptocurrency trading.
And another thing I like about the article you wrote is that you made it clear that majority of traders are not successful and trading is a way to start picking up some free money and becoming rich quick.
There are some newbies that will come in and they have not even stayed up to a month and they are already complaining that they are not making money. These people have not even taken any time to learn about trade.
And another thing I like about the article you wrote is that you made it clear that majority of traders are not successful and trading is a way to start picking up some free money and becoming rich quick.
There are some newbies that will come in and they have not even stayed up to a month and they are already complaining that they are not making money. These people have not even taken any time to learn about trade.
A lot without taking their profits at a good time.
You will not be told more of it when a profiting order turns out and revises to become a huge loss and finally blowing the trader's account off just because a trader decides to wait more for profit while price have already stretched to maximum already. I think what can also cause such delay to take profit is when an experienced trader doesn't know or have a means identifying resistance or support levels. Usually, price test those levels and can be redirected. Basically, greed kills a trader.
That's really a nice article and there were some points which I had fun reading. A nice set of tools and clear details of the basics of cryptocurrency trading.
One thing that I think was missing is the mistakes of day trading. You should have given a brief of the mistakes of day trading as well which would have helped users to avoid those mistakes.
I will definitely recommend this to my beginner friends who are new in the crypto market.
One thing that I think was missing is the mistakes of day trading. You should have given a brief of the mistakes of day trading as well which would have helped users to avoid those mistakes.
I will definitely recommend this to my beginner friends who are new in the crypto market.
Jump to: