Daily trading requires very good skills, you have to be able to know the right position to buy and the right position to sell coins is not only that, you have to be able to control the patience you have to be able to profit when trading daily.
Not just the skills, but high level of discipline, considering there are so many things you will always have to take into consideration when it comes to managing risk compared to other forms of trading. Also, patience is not actually some attribute you will need day trading, what you need most is your strategy, your ability to do some research, look for patterns and opportunity, take advantage of it, and then close your position before the end of that day even if you are in a loss, and it has not hit your stop loss which is why I always say day trading is one different ball game entirely.
Has anyone found volatility in altcoins? I see the market very still and difficult to find opportunities for quick profits.
Which exchange do you use for this type of trade?
For me, I am using Binance, because there are many altcoins in binance that have good volume, most of altcoins there are have good volume. Most of altcoins now are volatile, it's still risky to do some trades nowadays, choppy market.
At the end, it is not really about the platform you are day trading, it is mainly about how good you really are when it comes to what you are actually doing. Trading is not a small thing to handle, let alone, day trading, when considering the huge risks most of the time, so in that vein, you really want to be very sure you are on the right track and you are not just gambling your positions in the market. Generally in trading, you will always need a strategy and some great level of knowledge, and in day trading, you really need to take that strategy a whole lot serious than your emotions, otherwise, you will get screwed pretty fast.
