I was trying to do a daytrading for a couple of months. I can say, that it is possible to stay in profit but not as big as many think.
My average results are 3-6% a month.
I was starting every day from analyzes of growing coins. Then was waiting for trading signals on this coins.
I was aiming to take 1-10% of the profit from each trade.
Recently I found this thread, they offering to become a beta tester for automatic trading systems. Will try it as well, because daytrading routing takes too much time. Maybe I will be able to automate part of my trading routine.
Thread: https://bitcointalksearch.org/topic/bot-destination-moon-automatic-robots-free-beta-testing-3294989
Topic: Day trade is more a lucky thing or skill - page 43. (Read 2938 times)
Day trade is more what you call it, if the trend is upward even if you are a bad trader you can make money and you call it luck. But hodling and trading are all skill for me.
It is all about skill, training and emotional comportment. These characteristics help to be good trader likewise ability to dedicate your time to day trading. So it is all about skill not luck.
See, I have been trading using charts quite successfully. Recently, I took long position on ETH with 15% stoploss which was a right investment move according to market scenario. A whale fucked all the longs in one single move and stoploss got triggered giving me a loss of 15% even after a proper analysis and a right decision. So, I would say trading is game of both luck and skill. Crypto market is highly unpredictable and hence, luck becomes and important part of the game.
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
Sometimes I do not believe in charts, all I do is feel if the market is right to trade and see people if they are all bullish or bearish.
With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Yes, but to pick the right coins does need some skills and experience
Youtube , Blogging etc. does not take any sort of luck , it takes skill just like day trading does . All sort of other ways of digital marketing are involved with some endorsements and publicizing the product of the sponsors . Day trading is done with a lot of skill and not everyone has the ability to be perfect at it until you've got the skills to understand the trade and visualize its outcomes . Luck plays an important role too , but luck wouldn't play a role if you just sit staring at the trades . You've got to show some skills for it.
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
I believe that it is a skill to do or perform because not everyone is lucky enough to do it but everyone who have the idea to do the basics of it would be able to do it appropriately with great earnings. Once you learn how to cope up and adopt the simple changes in daily trading, it would be easier to do the right time to trade in a day. It is not actually do a day trading without enough knowledge about it. So we would be needing to have enough skills and ability to do it.
With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Yes, but to pick the right coins does need some skills and experience
Since the cryptomarket is very volatile, I can say that Day Trading is a combination of luck, skills, and knowledge. These 3 cannot stand alone in day trading. There are times that even though you are skillful and very knowledgeable in trading, if you are not lucky, you will only get losses.
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
Skills :
Is something that you must have when you are in the crypto currency trades. The con trading is art, they are the bulls which you have to control with your skills and otherwise they will always end up having no good trades. Its better to adopt more of it and use it for real. This adds up to your trade really good.
Luck :
Is something that comes naturally and just the imaginary belief of yours which certainly comes to mind while you are playing the trades. Its so natural that when you win you say it was your luck and not the skills and even if you loose then you say it was your bad one! Thats sarcasm but it is the way it works.
You gotta have both of them buddy but keep in mind the second one is just perception of the virtual reality.
I believe that it is a combination of both but when it comes to the overall result of the larger time scale, the one with high skills wins the game because he has the advantage that helps him to perform well even in the worst situation. On the other hand, no one can rely on luck part. Even the luckiest person can not assure you that he will perform very well in his next trade just based on his luck.
With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Are you joking, Crypto investment is not a easy pick the right coin. Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit but beginners are impossible to success in all the time.For newcomers, day trading seriously not easy only experts can do this.
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
If combinations of luck and skilled happens,then thats what we call a perfect outcome..trading sometimes has some part of gambling because most of the time no one really knows whats the coming price of our coin,then we only rely on luck then...but those experts in trading they can profit in 4 out of 5 trades meaning they can sight the incoming value
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
First of all, I would like to declare that Day trading or any other type of trading style is nothing but skills made from tons of hard work and practice. I would like to say that day trading is different from holding the trades and for that you need to have different trading approach and mindset because here you need to be proactive to do whatever it takes to be successful here in day trading. I don't say it is impossible to do so but yes it is little tough as it here you need to take a number of trades comparing to holding and number of trades mean an increase in stress and work to be done, but if you are really passionate about day trading and you have the right skills then you must go for it.
With crypto, it does not need much skills and experience. You can easily make 5-10% in a day if you pick the right coins.
Are you joking, Crypto investment is not a easy pick the right coin. Day traders are always active in this trading platform so they know how to choose the best coin and they are all skillful person so it is not easy for everyone. I think experience person make good profit but beginners are impossible to success in all the time.
Day trade can make you rich instantly if things are working in your favor but a sudden crash, can change everything and give you heavy loss. Due to this factor even the most experienced traders will never suggest going for day trade as it includes more risk than profit. For instance if out of 7 days you are lucky for 6 days and make enough money, things might change everything on the 7th day. The volatility of crypto makes day trade very risky.
Day trading is more than just "luck" because if you don't have skill you will just be named a gambler not a trader because if you don't have skills you have no insurance.
To be successful trader it requires of luck and skill for us to win in trading. True, it also requires luck and skills without these you can gain nothing. Accept the fact in day trader that risks is big and should be attentive in the market every minute.
In day trading luck is just a small portion in trading and if you look at gamblers they have a really big chance of loosing rather than just having skills when it comes to trading.
So, should I stick with holding or playing day trade is a better option?
If you want to learn about trading first, you can do it. Tell to your friend that's the big mistake if you trading just on lucky, without your knowledge will only find the loss, do not be stupid because then you will cry. Many things must be understood before trading. But if you do not want to learn first, holding is the best. Do not spend money without knowledge, cryptocurrency is very cruel to do that. Jump to: