Day Trading - page 6. | Bitcointalksearch.org

bison

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SmartFi - EARN, LEND & TRADE

Quote from: DeadCoin on March 05, 2019, 08:00:24 PM

Quote from: Idrisu on March 05, 2019, 02:30:45 PM

Day trading is not easy and that is why I prefer long term investment than day trading. It is very difficult for us to analyze any coins rightly at a very shortest time and make good profits but with long time you can have a longer view.

Day trading requires more patience and should be ready to go for a minimum profit per take in order to gain more profits in 24 hours. It requires more experience. Its always good to start with the minimum investment. Try trading with it investing on best coins like BTC, ETH, XRP, LTC, USDT and etc. These are promising coins to gain profits.

I think when you trade you need not only your patience, but you also have to be able to read the graphical situations and conditions in the exchange so that when you trade in any coin you can always benefit.

Lpim01

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Quote from: karloscimot on March 05, 2019, 08:59:34 PM

Quote from: ChrisPop on February 17, 2019, 12:46:26 PM

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.

Crypto traders really need careful preparation. if we want to enter into trade, especially daily trading, then adequate preparation in understanding is very important, because daily trading really requires continuous observation. but we don't continue to feel inadequate and afraid of entering crypto trading because we can learn all that. we can use the services of a teacher who wants to guide us in understanding cryptocurrency. so everything can be possible if we want to fight.

Is not a problem if we are a full time trader and we have enough time to be in trading. But for non-fulltime trader, better to be not to engaged in trading cause it usually ended into losing our capital.
Yes, preparation is very important and including our self. We should have that knowledge and smart thinking in order to make profits in every pumps and take advantage during dips.

karloscimot

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Quote from: ChrisPop on February 17, 2019, 12:46:26 PM

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.

Crypto traders really need careful preparation. if we want to enter into trade, especially daily trading, then adequate preparation in understanding is very important, because daily trading really requires continuous observation. but we don't continue to feel inadequate and afraid of entering crypto trading because we can learn all that. we can use the services of a teacher who wants to guide us in understanding cryptocurrency. so everything can be possible if we want to fight.

DeadCoin

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Activity: 1246

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★ Investor | Trader | Promoter

Quote from: Idrisu on March 05, 2019, 02:30:45 PM

Day trading is not easy and that is why I prefer long term investment than day trading. It is very difficult for us to analyze any coins rightly at a very shortest time and make good profits but with long time you can have a longer view.

Day trading requires more patience and should be ready to go for a minimum profit per take in order to gain more profits in 24 hours. It requires more experience. Its always good to start with the minimum investment. Try trading with it investing on best coins like BTC, ETH, XRP, LTC, USDT and etc. These are promising coins to gain profits.

Idrisu

sr. member

Activity: 924

Merit: 260

Day trading is not easy and that is why I prefer long term investment than day trading. It is very difficult for us to analyze any coins rightly at a very shortest time and make good profits but with long time you can have a longer view.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Lpim01 on March 01, 2019, 07:30:46 PM

Definitely it should when we are in day trading, as the market keep on moving and changes arise, we should have to take actions every now and then.
Now, if we are not in full time trading, it surely there is a huge percentage of losing not unless if we are in the bull run.

Day traders are basically sleepless zombies to be able to monitor the market to that extent in everyday cycle. They also use bots to make their lives easier and most of them dont trade every other new coin that gets pumped and dumped. They have their own niche following and they follow coins which they think will be easier to pump and dump as well as community propaganda for that coin.

Hence you should not follow a day trader. They have the ability to take huge risks because they are doing it with funds limited for such purpose. But you are not in the same position. Without following them or any pump and dump groups which are scams actually, one can also make money by buying low and selling high after long term holding.

ethereumhunter

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Quote from: Anies_Sandi on March 01, 2019, 04:38:59 AM

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

No problem at all if we could only get a small profit in the daily trading because at least we could reach a profit and if we can save or compound it into daily trading, we could make a bigger profit in a month. But there is no guarantee for us always to make a daily profit because the market cannot be predictable and it is difficult to search coins if we don't have a skill, and we don't know how to choose the coin.

Daily trading can give a good result, and I agree that but we need to have a control in the emotion because sometimes we will see the price can increase a higher, so we want to make a bigger profit. But in the next second, the dump is coming and makes the price is back to the lower price, and we cannot sell even to make a profit.

jhongzjhong

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Quote from: BitcoinFani on March 01, 2019, 04:58:14 PM

if I had ''merit'', I would definitely send it to you how right you said DYOR (Do Your Own Research) If you do business with others' minds, you can't profit from that. I have been trading on this market for 5 years. I live in FOMO for example, I bought FET from 11950 this evening and now i have damage.

See? You have been in trading for 5 years but still, you have encountered a loss on your trading strategy. I personally don't agree in day trading because there's a lot of negative side on it and it is prone to a high risk that might have critical damage on your funds and more worst if you have lost everything. Long run trading might be good or let say holding your crypto asset is safer than that. But if you believed in your self that you can have profit in day trading then that is your own risk.

Lpim01

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Quote from: yvesp110 on March 01, 2019, 02:24:38 PM

Quote from: Anies_Sandi on March 01, 2019, 04:38:59 AM

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

It is recovery time and all of us should have our mind positive and never get greedy to have fast profit, trading is made of patience and skills but if you want to get in day trading make sure you are well prepared for it and you have command over it, we can surely have profit with day trading as well but still try to spend more time in market and keep your eyes on price movement.

Definitely it should when we are in day trading, as the market keep on moving and changes arise, we should have to take actions every now and then.
Now, if we are not in full time trading, it surely there is a huge percentage of losing not unless if we are in the bull run.

bonker

hero member

Activity: 784

Merit: 502

Quote from: cryptotrader2015 on February 17, 2019, 12:10:20 PM

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!

Day trading is not much had as you were thinking,just keep the things simple we need to make money and keep doing this continuously just by buying cryptos at less price and sell for higher prices and with the volatile market it is possible to make profits with all the coins but for making more profits need to pick the trending coin and the make movements based on the indicators you were using.

BitcoinFani

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Activity: 81

Merit: 1

if I had ''merit'', I would definitely send it to you how right you said DYOR (Do Your Own Research) If you do business with others' minds, you can't profit from that. I have been trading on this market for 5 years. I live in FOMO for example, I bought FET from 11950 this evening and now i have damage.

Noa_Amable

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Activity: 714

Merit: 100

Quote from: yvesp110 on March 01, 2019, 02:24:38 PM

Quote from: Anies_Sandi on March 01, 2019, 04:38:59 AM

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

It is recovery time and all of us should have our mind positive and never get greedy to have fast profit, trading is made of patience and skills but if you want to get in day trading make sure you are well prepared for it and you have command over it, we can surely have profit with day trading as well but still try to spend more time in market and keep your eyes on price movement.

It is a matter of choice: invest and hold or try day trading as a means for making profits notwithstanding what you actually trade.

yvesp110

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Activity: 1092

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Quote from: Anies_Sandi on March 01, 2019, 04:38:59 AM

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

It is recovery time and all of us should have our mind positive and never get greedy to have fast profit, trading is made of patience and skills but if you want to get in day trading make sure you are well prepared for it and you have command over it, we can surely have profit with day trading as well but still try to spend more time in market and keep your eyes on price movement.

devinks

sr. member

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Merit: 250

now this is our chance to benefit from the daily trade because the market has started pumping again. so this year is indeed the year of increasing crypto again

dat.ho12492

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Quote from: Anies_Sandi on March 01, 2019, 04:38:59 AM

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

Indeed, the market is improving and becoming very positive, although sometimes it still has abnormal collapses but it always has a rapid recovery and does not fall too deeply, and these conditions are too suitable for trading day. Because of this constant fluctuation, it will create a lot of opportunities, we just need to grasp exactly when and price we should buy, profit will be an easy thing to achieve but of course, risks and profits are always together, don't be too confident and put too much money even if everything is great

Anies_Sandi

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for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

LogitechMouse

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Quote from: ChrisPop on February 17, 2019, 12:46:26 PM

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.

I agree with this. To be honest, when I first went to trading I don't have that many knowledge and I don't know how to use indicators at that time and the result is obvious. I lost all my amount but I know that it will happen so I invested a small amount in my first time in trading.

Next, my emotions. There are times that I can't control my emotions and I always lost when I can't control it. FOMO put my overall trading funds into half. I FOMO'ed twice last year and luckily I didn't lost more than half. I felt disappointed and regret at that time.

Babyrica0226

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Activity: 854

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day trading for now is one of the major methods for us to earn here daily. This is the only way I saw if you want to make profit everyday, but of course this methods was only effective for those who are experts in doing it in the actual market exchange platform whether you trade bitcoin or altcoins either.

izanagi narukami

legendary

Activity: 2030

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By seeing the record, bitcoin should be consider as long term investment.
Personally I dislike day trading because the value too volatile but if you're seeking long term trading, you will find that it's profitable and of course less stress.

The key is one, Believe on it !

Willitivity

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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.

Topic: Day Trading - page 6. (Read 17441 times)