Topic: Day trade - page 4. (Read 23757 times)
The biggest problem with day trading. And this is related to day trading and not the market you are looking at. Could be Forex, Stocks, crypto, whatever is slippage. When you are looking to scalp profit out of small intra-day moves, if you still have to pay commissions (or a spread on those dopey exchanges that rip you off because they charge a spread based on their whim and not a fixed commission) You are net in deficit at the start of any trade. If the trade costs you 0.02 and you are looking for moves with an average profit of 0.01 and you are bound to make some losses, you are going to have a hard time making any headway.
As far as I know, now the best option is day trading, it is the most profitable if you analyze the course. But for this you need to have a good experience in order to manage to profit from this trade. If there is no experience, then you have to take a risk, or choose a long-term investment in cryptocurrency.
The best option is not day trading, the best option is actually what you know suits you best when it comes to trading. I wonder why a lot of people think that day trading is for everyone. As much as you can make huge profit from day trading, I can guarantee you can make a whole lot of losses before you even know it once you have no pretty good trading knowledge and great experience. People are always so in a haste to make a lot of money from trading without learning and that is where they will always keep getting it wrong over and over all the time.
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?
at the moment I haven't found any volatility in altcoin that might be used to do day trading but I know an altcoin that might give you big profits, extoke is a new altcoin that will list on hitbtc at the end of this month, you can buy it then hold it until its value improves Which exchange do you use for this type of trade?
To make profit from volatility of crypto not base on the exchange that you use, but according to trading strategy. Currently alot of FUD on the crypto market and this is make price of crypto will be more unpredictable. Use stop loss whenever make trade is good strategy to avoid big loss when market crash, because we dont know when market to be crash and usually this happen by fast times.
I don't know how one makes lots of profit in one day, it is like gambling, I think you don't need to make bet for every game.
Trading is not gambling, only those that enter trading with the gambling mindset lose a lot of money, If you must trade, one must learn about the rudiments, risk management and basic trading knowledge. There are so many rules to it that can be found in a lot of infos shared in different sections in this forum, just use the search button and right keyword
The thing is that, as long as you do not know when should be the right time for you to buy, or the right time to sell or have a planned stop loss just in case things does not work out the way you want, the chances of getting screwed will always be there because in that case, what the person would be depending on is luck and that is gambling.
People say trade is gambling, they are not good at entering the market.
Want to be good in the trade field do the following.
1. Win yourself.
2. Compliance with discipline.
3. Do not believe in crowds .
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?
Which exchange do you use for this type of trade?
This unstable price market is in favor of day trading specially Altcoins that although its really difficult but if you have the skills on how to apply the perfect timing during rise or full then you will expect sure profits after every transactions. Any exchanges are applicable for this volatility as long as they have the volume of every crypto or you may select exchanges with volume in https://coinmarketcap.com.
Daily trading is unfortunately not a kind of investment that everyone can do, because this sector is different than all other economic sectors. Taking decisions based on high volatility, unregulated transactions and supply-demand balance is unfortunately not as easy as it is thought. For this reason, daily transactions require a serious knowledge and experience. Moreover, it is known as a type of investment that provides the equivalent of such labor.
Now is not the time to count on a quick profit, you need to be patient and expect the entry of large investors
Started from january untill now crypto is on down trend , and when trading on bearish trend is will be more difficult to earn profit. So my idea is put half of my trading balance to stocks market, and remaining half in crypto trading. But i believe bull market is near and can be started before end of this year, so when that started i will totally focus on crypto trading.
Day trade is the most valuable mean of making money but need lot of experience and knowledge. If you are capable of day trading then you will become the richest person of your community in near future. day trading made thousands of stock traders rich and now it is time for you to make money from crypto day trading but it is much risky than stock trading.
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?
Which exchange do you use for this type of trade?
With daytrading always is option to earn. Ofcourse, when the price changes are bigger it is easier, but also with small movements you can earn a lot, for example, on arbitrage - which is even safer. The exchanges on which I focus the most are Bittrex, Poloniex, Cryptopia, HitBtc and IDEX (for tokens). Sometimes some smaller ones like Mercatox or Hotbit.
Day trading is good way to earn huge profit, we can make multiple profit by day trading with compound strategy. Only by start small amount like $500 we can turn in to $10k in just a few month in day trading. Although this is not easy but by discipline follow the trading plan and money management is possible to make it.
yes current crypto market satuation is not good for day trading even experienced trader also facing loose in these days,i will be advise you buy and hold your coins for long term
One I discovered recently (only a few days back) but I'm loving, is Binance! Firstly, it has 0.05% fees if you use BNB to pay fees or 0.1% fees normally. This is less than half of Bittrex and Poloniex and 5 times less than them if you use BNB tokens. As a day trader, minimizing fees is incredibly important to maximizing profit.
I don't know how one makes lots of profit in one day, it is like gambling, I think you don't need to make bet for every game.
Trading is not gambling, only those that enter trading with the gambling mindset lose a lot of money, If you must trade, one must learn about the rudiments, risk management and basic trading knowledge. There are so many rules to it that can be found in a lot of infos shared in different sections in this forum, just use the search button and right keyword
The thing is that, as long as you do not know when should be the right time for you to buy, or the right time to sell or have a planned stop loss just in case things does not work out the way you want, the chances of getting screwed will always be there because in that case, what the person would be depending on is luck and that is gambling.
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?
IDEX is one of my favorite trading platforms. Although the fees are very high but I make a lot of money on this exchange. You know, the most volatile level is at the IDEX and if you are smart enough to understand how this trading platform works, you will easily become wealthy. Which exchange do you use for this type of trade?
Day trading is risky, unless you got millions. As we know the price these days are fluctuated, even these day also the price of bitcoin is getting better, it cannot be guarantee how long it will be. If you brave enough to decide and take the risk with the condition, why not? perhaps having profits daily is good for you.
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?
If you want volatility of coin then use the top exchanges. Binance, Bittrex, Kucoin and Poloniex are examples of popular exchange where people are there. Aside from that, these exchanges have legit coins because they always delisted those scam coin or shitcoin. Which exchange do you use for this type of trade?
why is it difficult? I think all crypto currencies, especially altcoins, have high volatility. do not make a profit target of more than 10%, because it is indeed very difficult. I see that there is a lot of 2% to 4% increase in altcoins. I use several exchanges, namely Bittrex, HitBTC, Coinbene, Kucoin, Binance, Idex ,. etc.
Of course, day trading is a good trading formula. Many people have got a good income through this formula and many are still going to get a good income. It is a very risky, so everyone can’t do it. It takes great courage and money to do this. If you start trading less day with less money, you will lose it because it is very risky. So before start day trading you should learn about crypto market.
Having in risk is the way to make strong in terms of faith and strategies. Though we can't say that all the we can made it or succeed, but we even tried to work on. You're right, not all of us have such idea and courage, in fact, only 10%(I think) of the population are already engaged in these form of investment and the others are preferred for day job.
Of course, day trading is a good trading formula. Many people have got a good income through this formula and many are still going to get a good income. It is a very risky, so everyone can’t do it. It takes great courage and money to do this. If you start trading less day with less money, you will lose it because it is very risky. So before start day trading you should learn about crypto market.
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