Day Trading - page 3. | Bitcointalksearch.org

richminded

sr. member

Activity: 798

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Quote from: Aaroenz0r on November 08, 2017, 01:10:52 AM

If you are a newbie, $100-$200 is a suitable amount of money for trading. There are many things you have to learn to become an expert. Therefore, let cheat it like school fee.

Day trading is really not advisable for the newbie since they might loose that money for just 1 day. If you are new then learn first how to trade and don't focus much on 1 day income always look for long term goal since crypto is our future, don't rush things because when you rush your money will surely gone in a just a snap of your finger.

elimi

member

Activity: 255

Merit: 10

You only need knowledge before entering the market so you can easily strategize in the market. You could miss out on a great opportunity because you sell certain coins in just one day where it is most likely to be able to ride on the next day ... in this case you have to be patient to get to the big fortune.

jcowallace1968

member

Activity: 99

Merit: 10

Quote from: emalithcrypto on November 03, 2017, 03:03:43 AM

Day Trading is a good way to earn money. but if you new to crypto currency world, I really not recommend to you it. because , short term trading is risk than HODL. $100 - $200 is Enough to start it. but do not be lost with fake signal oh tricky things.
best of luck... Wink

Good advise. With 100-200$ i think Hold is a good option. Do not take risk with day trading.

johnnyns

newbie

Activity: 134

Merit: 0

I began with $60 over a month ago, now I got about $15

I do think I learned a lot though (but still nearly nothing), and think I still got a lot more to lose to be able to earn something (one could get lucky though).
If you plan trading it every now and then, you got little chance cause you're probably not serious enough and just got no skill. So with such a small investment, I'd propose one of two things:
- day trade, try, learn about coins, about trading, lose cash, it's a school you have to pay. Try having a kind of money management in advance, it'll help your money management skills later,
- choose 2-4 small cap coins that might increase a lot in next month/year, and hold. Add another 2-4 coins with your next $200 and so on. Set alerts to be sent to your email so you actually know when your coin hits some significant gain, and be ready to sell and not hold it while it goes back to where it came from. If you still believe in the coin, get it back for cheaper price.

Aaroenz0r

full member

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Option Blitz

If you are a newbie, $100-$200 is a suitable amount of money for trading. There are many things you have to learn to become an expert. Therefore, let cheat it like school fee.

dominikas18

newbie

Activity: 32

Merit: 0

Hi guys! I have few thoughts regarding the upcoming btc Fork, would be glad to hear your opinion on the topic:
https://youtu.be/fpWNENPsNw4

roseybanez

newbie

Activity: 50

Merit: 0

Quote from: trobin on November 07, 2017, 10:19:10 PM

100-200 is a great starting point in my opinion, you can hone your skills and profit some in the mean time, by the time you eventually grow your money to a few thousands (it will really take some time) you'll have learned so much that you can put in to practice. Some may say it's a waste of time as your hourly return is so little but if it works out, in the future that time invested will be invaluable.

It's really hard to say that because if his capital is high so the profit for day-trading only 100-200 is too small, it's not worth . So i think the day-trading profit should be about nearly 5% of your capital is fine. It's not too much but not too less. It's acceptable.

trobin

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🤖UBEX.COM 🤖

100-200 is a great starting point in my opinion, you can hone your skills and profit some in the mean time, by the time you eventually grow your money to a few thousands (it will really take some time) you'll have learned so much that you can put in to practice. Some may say it's a waste of time as your hourly return is so little but if it works out, in the future that time invested will be invaluable.

slyfox

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Merit: 10

Quote from: groko271 on October 11, 2017, 12:39:32 AM

Quote from: artoftrolling3 on September 22, 2017, 10:42:30 PM

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

I keep the below for such questions as this.

Quote from: groko271 on August 22, 2017, 02:13:54 AM

Before anyone starts trading they need to know the facts. Over 80% of traders are not profitable over time and only 1% make it big. The rest just struggle to stay above the line. For nearly 2 decades of part time (hobby) trading I have seen countless people think trading is easy fast money or at least easily possible to make good money in the end. The truth is its not easy and it takes a diverse set of skills + experience to be able to make some money on the side.

This is why people give up too soon. Every loss is valuable experience, many losses results in a lot of experience. If your interested in trading, start each trade small, stupidly small. Buy/sell on 3-5% margins and be thankful for your "wins". There wont be many. But learn from the stupidly small losses over and over again. Analyse your losses, don't go on feelings but data, both fundamental and technical, especially regarding crypto.

Set yourself $100 and make 5 x $20 trades on different commodities/coins etc try and turn each into $25 (excluding fees). You'll learn a lot before you get there. Trading will always be here, take some time out to perfect your skills, trade on data not emotions and enjoy the ride, its fun imo.

I’m bookmarking this since this is something that I have always thought people think that trading is an easy thing but that is simply not true, making money is always hard and in trading it is even harder, you need a lot of skill to overcome other traders and their skill.

Fear

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If you invest in altcoins, you should spend a bit to trade slowly. If you wanna invest in Bitcoin, I recommend you spend all money you have to buy.

clarkt

full member

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Merit: 100

Starting day trading with $100-$200 is somemething but you may not see any appreciable profit. The fact that you will be required to research and analyse chart on constant bases is the same regiment and routine you will also carry out for bigger fund.The profit you will gtet from $100 may not worth your time and effort!

bitctrimor1

full member

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“Blockchain Connection Framework”

Quote from: DaMut on September 22, 2017, 10:50:23 PM

it's all depend on your situation,financial,and your strategy.
from $100+ is a good amount of money to start trading,i think your capital does not help you to do trade but instead,
the most important thing that you need to know is how much your financial and how much that you can lose.
trading cryptocurrency aka Bitcoin and else are not same like forex and other assets,
you can lose it in the next day and you can double it in the next day.
it's very hard to predict the price because it can be manipulated by some people/groups.

just make sure that you have financial back up,no matter how much your money/capital is,
as long as you have a financial back up and strategy it's a good start to do the trade in the cryptocurrency.
and my suggestion is try to do it by small amount first,try to feel it.how it works,market sentiment and movement.
later on you can work your way up

First off, great post! I agree with the points raised. In investing, whatever amount you are planning to put in, there's always a lot of aspects one must take note of to be able to guarantee a better success rate and lesser risk. I think if you are a starting trader, better not invest a whole lot of coins, because most likely, the coins you would initially invest would be your trial-and-error fund. As you get more experience under your belt and gain more knowledge with the ins and outs of the trading market, then you can invest more.

emalithcrypto

member

Activity: 560

Merit: 10

Day Trading is a good way to earn money. but if you new to crypto currency world, I really not recommend to you it. because , short term trading is risk than HODL. $100 - $200 is Enough to start it. but do not be lost with fake signal oh tricky things.
best of luck... Wink

franco123

full member

Activity: 252

Merit: 100

Day trading is kinda risky investment especially if you are not experienced or knowledgable about it. I suggest you lower your capital first. Get the hang of it and learn from experience. A lot of people are loosing money because they lack experience. They tend to not analyze the data with techinical and fundamental information. Gambling is the kind of trading is almost the same. You may have the control in trading but still, the risk is high above than just holding Bitcoins. Although some are really good and succesful at it and you might be the next. So good luck mate!

Granxis

hero member

Activity: 1400

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Quote from: mamesso on November 01, 2017, 12:18:55 PM

I stopped and waited for btc to return to normal.
Nothing is more important unless you save gold.
prices are always stable but price increases are not too high. you are free to invest anything, and bitcoin will make you regret.

I expect Bitcoin to return to normal level, and I do not intend to trade. Because there is a mess in all stock markets. I was trading 20-25 days, now I am trading 1-2.

Hodll

member

Activity: 150

Merit: 10

Day trading is quite challenging if you have a small amount of cash, you've got to study the market trends and in-depth market analysis. Hodling is better for a week or so make sure you study the historical data of any particular coin.

butrsukumpanumet

full member

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Day trading by surfing with Bitcoin isn't a bad ideal. With the price of Bitcoin going like a wave , things will be easy for us Cheesy

layoutph

sr. member

Activity: 1372

Merit: 255

If you are new, $100 to $200 is already a good start. Just a cool tip. Join a crypto currency exchange site with DEMO account. So you wont get liquidate if you made a mistake. Your real BTC money is safe while your practice trading.

Quote from: artoftrolling3 on September 22, 2017, 10:42:30 PM

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

chr.rit

member

Activity: 77

Merit: 10

Quote from: Itjoker on November 01, 2017, 01:59:32 PM

Now it is better to wait stabilization of Bitcoin. But in middle-term trading I am holding SYS, LMC, IOTA, OMG, KMD, STRAT, SC, DGB, XRP.

I have a similar portfolio....these coins got beaten up badly the last days, I'm waiting that everything normalises and they pick up again!

My big hope is IOTA as they do have a great business idea and they are having contact with big companies (last time I have read about car companies and IOTA).

iv4n

legendary

Activity: 3248

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Quote from: onrise on November 02, 2017, 10:02:19 AM

Quote from: clarkt on October 29, 2017, 03:54:53 AM

Day trading is very engaging and if you have something else doing one may not have the time.

It is a full time job for many people as it require a lot of analysis and understanding when to buy/sell . To find out the different arbitrage opportunities if any exists and ensure that it is bought and sold on right time as btc prices are very volatile . So a slight delay can make a huge loss for the people.

Yesterday price was 6300 dollars when I checked, today price when I woke up was 7030 dollars on coindesk, how to trade daily when price is rising? For day trading you need to be online 24/7 daily, that's why someone invented trading bots, who else can stay awake that long.
For trading everything is in picking the right moment for buying and for selling, for day trading you need to to be correct in seconds, one minute late and you will lose your profit. When price is rising like this now its better to save bitcoins then to risk them and lose profit.

Topic: Day Trading - page 3. (Read 3899 times)