Topic: Day Trading - page 10. (Read 17382 times)
Day trading is not an easy action, it need a lot of experience, chart analysis and updated news and follow the trends, most of them failed because of greedy and lack of knowledge, the market of crypto now cannot be predicted only by chart and indicators, its a market full of manipulation, without a good mentality the traders will failed in day trading
Theoretical strategies have little chance of getting real. I say this because the market is very fluid. The advice I offer is to clearly specify estimated trading period you want.
Normally trading is a unpredictable platform so no one is know the future possibilities, But they have some knowledge in daily circulation and marketcap so they can find the best platform. At the same time it is not a easy process so experts only make good profit and others are always panic in all the investment. 
95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
They fail because they thought its easy and all they need to do is Buy Low, Sell High. What they did't know is whoever invited them into cryptospace just earned from them through a referral link from of an exchange site. I see a lot of Facebook adds saying turn your $5 into $25 in 24-48. Who doesn't wan't that. For noobs, they will bite the bait but what they don't know is in trading it takes more than Buy Low, Sell High.
Theoretical strategies have little chance of getting real. I say this because the market is very fluid. The advice I offer is to clearly specify estimated trading period you want.
I think doing daily trading is also a profitable way to get better assets, because now crypto prices also show better prices in a few days now.
But you must be willing to spend time in front of your PC to monitor the movements in the marketit doesn't matter if you can make a profit
Couldn't agree less with this, basically the market requires some degree of knowledge before one can go into it and turn out successful and this doesn't apply to day trading, it applies to everyone in the crypto space down to hodlers. Taking due diligence and studying any project before going into it is crucial especially if you're in for long term.
I think not just in day trading but even in long term holding we should always make a thorough research first before investing or jumping into day trading.I believe those traders who are not still mastered or just do trading without good experinces possibly fail in the end but if you know how to do things the right way and make a good technical analysis particularly in day trading,then there are high chances for you to succeed in trading.traders fail not because they arent prepared . they failed because trading is a hard game , how much more if day trading ? we didnt know the next movement of the coins . at first sight they can be rising but after you decide to sell , the price suddenly fell off and that was not your fault if that happens because you are only doing the right move its just the market is verry manipulatable .
Trading is very hard to study and you need to have a lot of knowledge about it before you get a good trade. Conducting daily trade is very difficult and you can read the movement of the coins if you can truly analyze the market and chart.
and observations, you just need to be patient and try to build more knowledge and enhance your skills, plan and create your own pattern
to survive and succeed.
Every person not experiences issues in exchanging day since some crypto clients are obviously ready to exploit day exchanging to create brisk benefits. In spite of the fact that the normal individual who flops in day exchanging must be felt by new players in this field since this is because of an absence of information and helpless to become familiar with specialized examination of market outlines.
I think doing daily trading is also a profitable way to get better assets, because now crypto prices also show better prices in a few days now.
but if I myself do not really like to trade daily for now because I prefer long-term trading, because for now the way to get that big profit with a long time traders fail not because they arent prepared . they failed because trading is a hard game , how much more if day trading ? we didnt know the next movement of the coins . at first sight they can be rising but after you decide to sell , the price suddenly fell off and that was not your fault if that happens because you are only doing the right move its just the market is verry manipulatable .
Trading is very hard to study and you need to have a lot of knowledge about it before you get a good trade. Conducting daily trade is very difficult and you can read the movement of the coins if you can truly analyze the market and chart.
Alot of trader failed in day trading because lack of knowledge about risk management and too greedy, these both thing always become factor trader failed and loss much money. So if we want to make profit we should be first have skill about risk management and avoid natural emotion of greedy.
Day traders are always have some knowledge in crypto trading because normally most of the traders are set some value in each trading pair, It is reduce the risk in all the time But day trading is little hard to predict so everyone must carefully analyse the right coin. They are all never participated in without knowledge. 
Alot of trader failed in day trading because lack of knowledge about risk management and too greedy, these both thing always become factor trader failed and loss much money. So if we want to make profit we should be first have skill about risk management and avoid natural emotion of greedy.
I think Day Trading is profitable only when you have a decent amount of fund and your trading with high supply coin/token, Because if you invested on High supply coin even if a 1 satoshi difference will bring you profit. Like for an example you have $100 and buy ETH, you can not day trade with it because you only have few coins and you will suffer on trading fee. Sometimes DYOR will end up not our way even if we thought we're holding the right coin, no one can really predict the market 100%.
Couldn't agree less with this, basically the market requires some degree of knowledge before one can go into it and turn out successful and this doesn't apply to day trading, it applies to everyone in the crypto space down to hodlers. Taking due diligence and studying any project before going into it is crucial especially if you're in for long term.
I think not just in day trading but even in long term holding we should always make a thorough research first before investing or jumping into day trading.I believe those traders who are not still mastered or just do trading without good experinces possibly fail in the end but if you know how to do things the right way and make a good technical analysis particularly in day trading,then there are high chances for you to succeed in trading. 95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
You're right Day trading truly is the riskiest job there is, the success rate has little to nothing. More information about a coin and how good it is to the community really boosts the morale of particular coins. That's right some of the reason why they bought it was the fake hype that some pump and dump groups do. Day trading isn't a good idea specially for those who only started recently.
Then if you are professional trader that is when you will come in.
You see a lot of FOMO's then start to join them then sell before they could even sell their tokens or coins.
You see emotions are pouring and they start selling theirs then sell too.
Some of traders are abusing this kind of emotions from other newbie traders and that is when you get profit. Do not join them until the end. Just the initial part then leave them.
I do think that is just being wise. We are not bestfriends here or relatives so I can leave you anytime for my own profit.
You see a lot of FOMO's then start to join them then sell before they could even sell their tokens or coins.
You see emotions are pouring and they start selling theirs then sell too.
Some of traders are abusing this kind of emotions from other newbie traders and that is when you get profit. Do not join them until the end. Just the initial part then leave them.
I do think that is just being wise. We are not bestfriends here or relatives so I can leave you anytime for my own profit.
No, 95-99% of traders fail because of poor risk management firstly. Then the second reason is that they haven't mastered at least the essential parts of technical analysis. Then comes the emotions, FOMO, etc.. You see.. daytrading is no easy job, you need a lot of time to become proficient and it is not for everybody.
Couldn't agree more--and I can't imagine day trading in the stock market, much less in crypto. Back in the 90s, there were average people quitting their jobs in order to speculate in tech stocks, and if I'm not mistaken most of them were not successful on average. It's super-risky, and anyone contemplating doing that in the crypto world ought to think about that decision twice.In the stock market, you can at least analyze the companies behind the ticker symbols, but you don't even have that much when dealing with cryptocurrency. It's all TA, and relying on that is insane IMO.
Day trading also will be profitable if you trade only high volume assets and you must be ready to convert your day trading into short term trading. It may prevent you to book losses within a day. When we trade highly reputed coins and tokens then we never need to worry on where we are heading and what could be closing value for a day.
Day trading to short term trading ? Then it will never remain as day trading. It is a challenge to finish off within working hours. Usually in stock trading, if you are unable to sell within trading hours then you need to go for taking delivery out of exchange, hence traders must need to close the positions. I guess there will be no such a compulsion in crypto trading and the markets are available round the clock. I guess no trader here will be approaching anything what a day trading should be. 
95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
The whole crypto price movement is unpredictable. You can't count that as a reason why day trades fails. That's the challenge in here, to deal with the unpredictable price movement especially in day trades.
Also with that 95% of days traders as you mentioned, I don't believed they are all being under of a certain hype why they bought coins as you mentioned it's one of the reason. The said percentage is just your own thoughts. You can't applied that generally.
I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research).
Concept and purpose of the project is not the main reference when choosing a coin but it can take as "one" of the reference. There are lots of "good" projects around, well based on their whitepapers and roadmaps but can't even listed on a good exchange. There are also ICO who succeeds but now with the dying value or not to worth to put a money.
What newbies must do is to analyzed the coins behaviour in order to set a plan of when is the right tyming. It's the battle between the good hands. Studying daily volume is they key here.
95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
I don't think there are too many people failing like that. I think trading day is easier because we can learn about how the market or some trading platform works.The most important thing is a stop loss. A professional trader never fails to place a stop-loss order. Day trading is quite safe and not too difficult as you think.
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