Day trade suits you if you have experience and all are good, or long term hold is also very good.
Topic: Day trade? - page 3. (Read 2874 times)
In my opinion because the bearish market is long periode already which more than 8 months, so bull market can be start soon and better we can split the money for swing trading as well ,and use each 50% for day trading too. By this way we will not miss bull market , because from history the price of crypto, bull market can be start soon.
Day trade is good now, or is just when market is more unstable ?
I've heard a lot of news from business news outlets that wealthy traders do a lot of short term trades at this year and I've got to agree with them. We can see that it works but you need to have at least one btc to feel the profits because the spread that btc gives everytime it fluctuates is only below $1,500.
It is the way it is, there will always be fluctuations with some ups and downs in the market, but you still also have to understand that as much as the profit may be there potentially, so is the huge risk when it comes to the market moving faster downwards and you are not in any way cutting losses quickly.
You can day trade in every market bulls or bears, you just need to do quick trades with plan (enter, exit and evacuate).
You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!
You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!
If you have enough experience about trading then day trade is good it's make good profit. But at first you should knowledge about market and when you buy and sell coin
Daily trading in my opinion is something you can do if you have trading skills but if you don't have trading skills I think it will be very difficult to be able to do that because surely you won't know the right way to buy and sell coins.
Day trade is good for only the experienced ones. If you are not experienced, it best for you to be a long term investor. Look for a project with potential, research it well and invest into it for the long term
Today, the value of bitcoin is trying to rise even though it is only 0.13% rate of increase. For anyone who is interested in small profits, I think trading day is not wrong and certainly very worth doing.
Day trading strategy is looking good now, at least for me, just be careful of some
fake breakouts and analyze the market carefully to avoid loss.
fake breakouts and analyze the market carefully to avoid loss.
off-topic
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as a new member in Crypto world, I like the long-term investment. I think day trading is a little risky. if you want to do day Trading you need to have a great knowledge about Crypto world and the Crypto market. otherwise, you can be lost your capital.
Sure. Why not friend? From crypto at the moment day trading is the only one way that you can make profit I think. Stay away from all kinds of long term investment even a good ICO project can be so risky now. You can easily make profit 1% to 3% daily from day trading. Just careful about pick up the right time for buy or sell. Generally every 10 hours there is a big movement can happen. Besides every hour you can see price change.
Day trade is good now, or is just when market is more unstable ?
I've heard a lot of news from business news outlets that wealthy traders do a lot of short term trades at this year and I've got to agree with them. We can see that it works but you need to have at least one btc to feel the profits because the spread that btc gives everytime it fluctuates is only below $1,500.
Day trading helps you to stay up-to-date with your life and work, things are going well - no distractions. Many people think that you do not have to sit all day in front of the computer screen to make money from this market. The fact that not looking at the computer is also helpful to you, you can easily avoid the situation too much.
I agree that you do not have to sit all day in front of the computer, you can make use of automated orders, just place sell orders that are above the current price and buy orders that are below, with the volatility there are high chances that both get filled in a reasonable timeframe and bought low and sold high. It's not as easy as it sounds but you don't need to be glued to your computer either.
Day trade is good now, or is just when market is more unstable ?
I've heard a lot of news from business news outlets that wealthy traders do a lot of short term trades at this year and I've got to agree with them. We can see that it works but you need to have at least one btc to feel the profits because the spread that btc gives everytime it fluctuates is only below $1,500.
You need atleast one btc to feel the profit but in that amount you can also feel your lost and it will hurt you a lot. I suggest you that when you start trading first thing you should know that you encounter losing money but dont lose hope because losing money is always just part of trading .
Day trade is good now, or is just when market is more unstable ?
I've heard a lot of news from business news outlets that wealthy traders do a lot of short term trades at this year and I've got to agree with them. We can see that it works but you need to have at least one btc to feel the profits because the spread that btc gives everytime it fluctuates is only below $1,500.
Unstable market is an possible to get a lot of money. But, instability can be to change after analysis , and will be maybe chaotic. In the second variant, is a better not to sell.
But from that point of view the process of day trading won't work, but mid or long strategy will work with your investment, a lots of people do this as they seen more possibilities to buy low and sell when the value already flew higher than their initials, some might place a target value and leave it from their wallets and wait till the value was been reached, we can see the difference in terms of actual time consumed and the profits that we can earned, it's all about how comfortable you are when dealing with this business. 
Unstable market is an possible to get a lot of money. But, instability can be to change after analysis , and will be maybe chaotic. In the second variant, is a better not to sell.
Do you guys know any successful public trader?
Here are the popular Crypto traders
I'd followed some of them
and to tell you, they are a bad ass in terms of TA's
https://cryptoclarified.com/2018/01/08/the-top-25-cryptocurrency-traders-to-follow-2018/
Now that we are in a downtrend market, to day trade is putting your finances at huge risk as the market can reverse sharply allowing you to make losses per time.
I prefer investing for the long term in my opinion
I prefer investing for the long term in my opinion
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