Day trading | Bitcointalksearch.org

EarnOnVictor

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Quote from: iv4n on October 31, 2022, 05:15:41 PM

Quote from: Angel_gabriel on October 31, 2022, 01:10:24 PM

Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

Day trading didn't work for me, and I always point out that it's hard to make a profit if you are a newcomer in trading, but people should be free to try it. Of course, with the money they can afford to lose! Jumping into something unknown with big money is not a good thing to do! Whatever stories you read or hear from others! Experience needs to be built somehow, but what we don't need is to spend a fortune before we learn something (or we do?!)! Each of our stories is different, it wouldn't be interesting otherwise... I guess.

I must say that I like your expression, yet we still need to encourage one another. Day trading is the riskiest and most demanding of all trading scopes but it is profit-massing at the same time. What I have noticed is that many often misdo the day trading, they would want to make huge money very fast without applying the right caution, not even a good plan and management in place. What I would not support in day trading is the scalping approach, and I am sure that other approaches of the day trading would work if the trader has good strategies to work them out.

And the longer you plan on holding your trade for the day, the better.

Ahli38

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Quote from: palle11 on November 02, 2022, 01:18:51 PM

Quote from: lalabotax on November 01, 2022, 04:54:23 PM

There are some of them who still do day trading. Whether it is effective or not, will depend on the individual day trader. Because this is related to strategy and various efforts to avoid losses when the market suddenly changes direction.

Day trading requires stop loss strategy. I don't know of what ways to prevent the loss when things go wrong with the trade because most times you won't be there to always watch the market movement to know if to stop your trade or not s the best is to use stop loss which is the best strategy incase something goes wrong.

that's what a day trader does in controlling or managing losses. Stop loss is different from cut loss. Stoploss is more towards calculated losses or acceptable losses. so that day traders are familiar with using this. and even if you play Futures trading where our level of analysis really has to be honed because it has a greater risk. but even though we are confident with the analysis made, the stop loss point has always been determined from the start.
many who are exposed to liquid when doing daily trading in futures is because they do not place a stop loss. or sometimes forget to put a stop loss. because the stop loss is also sometimes we move the point it is located. For example, if the coins we bought have profited at 25%, then I myself will usually move the stop loss to the nearest area. so that when the price goes down again I can still get the remaining profit.

but day trading either in spot or in futures trading is a high risk trade. so beginners who are just getting into crypto trading don't recommend doing it.

Zanab247

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I don't think, day trading will bring out something good in this bear season, which is the best season long term traders always used to prepare ahead of a brighter future. If day trading has caused you loss before, do everything possible within your power to try long term trading in this season, I guess you will have something reasonable to share to other day traders about your long term trading results in the community.

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Quote from: kapalmabur on November 03, 2022, 08:51:08 AM

Quote from: palle11 on November 02, 2022, 01:18:51 PM

Quote from: lalabotax on November 01, 2022, 04:54:23 PM

There are some of them who still do day trading. Whether it is effective or not, will depend on the individual day trader. Because this is related to strategy and various efforts to avoid losses when the market suddenly changes direction.

Day trading requires stop loss strategy. I don't know of what ways to prevent the loss when things go wrong with the trade because most times you won't be there to always watch the market movement to know if to stop your trade or not s the best is to use stop loss which is the best strategy incase something goes wrong.

But it must be considered before doing day trading because the risk is also great,
moreover if one does not have the capacity to day trade it is better not to do it,
if not smart then it will make us experience losses continuously

Day trade isnt for anybody or everybody who do tends on engaging on it considering that this is one of the most hardest way of doing trades which you do really make yourself get involved and facing up volatility

on a very active manner which is something that not everybody could pull off but its not really bad to try up but you would realize for yourself on what it looks like on doing day trade.

It would really be needing that real experience and skills when dealing up with volatility which is something that you cant really be able to handle it out.
Although there are day traders existing but this isnt something a skill that could be acquired on short time.

kapalmabur

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Quote from: palle11 on November 02, 2022, 01:18:51 PM

Quote from: lalabotax on November 01, 2022, 04:54:23 PM

There are some of them who still do day trading. Whether it is effective or not, will depend on the individual day trader. Because this is related to strategy and various efforts to avoid losses when the market suddenly changes direction.

Day trading requires stop loss strategy. I don't know of what ways to prevent the loss when things go wrong with the trade because most times you won't be there to always watch the market movement to know if to stop your trade or not s the best is to use stop loss which is the best strategy incase something goes wrong.

But it must be considered before doing day trading because the risk is also great,
moreover if one does not have the capacity to day trade it is better not to do it,
if not smart then it will make us experience losses continuously

palle11

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Quote from: lalabotax on November 01, 2022, 04:54:23 PM

There are some of them who still do day trading. Whether it is effective or not, will depend on the individual day trader. Because this is related to strategy and various efforts to avoid losses when the market suddenly changes direction.

Day trading requires stop loss strategy. I don't know of what ways to prevent the loss when things go wrong with the trade because most times you won't be there to always watch the market movement to know if to stop your trade or not s the best is to use stop loss which is the best strategy incase something goes wrong.

lalabotax

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Quote from: Angel_gabriel on October 31, 2022, 01:10:24 PM

Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

In my opinion, it's not always bad market, a good opportunity to buy a top coins is when the bear market, of course, for profit, we must be patient and hold for the long run so that it can produce big profits. And now the market starts to have a sign for rising so I suggest to keep buying.

Day traders are still doing day trading even during the bearish era. Because they already understand how best to do day trading. Especially if they do futures day trading, they may actually take advantage of the bear market to earn profits. Not everyone has a goal for long-term holding. There are some of them who still do day trading. Whether it is effective or not, will depend on the individual day trader. Because this is related to strategy and various efforts to avoid losses when the market suddenly changes direction.

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Quote from: iv4n on October 31, 2022, 05:15:41 PM

Quote from: Angel_gabriel on October 31, 2022, 01:10:24 PM

Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

Day trading didn't work for me, and I always point out that it's hard to make a profit if you are a newcomer in trading, but people should be free to try it. Of course, with the money they can afford to lose! Jumping into something unknown with big money is not a good thing to do! Whatever stories you read or hear from others! Experience needs to be built somehow, but what we don't need is to spend a fortune before we learn something (or we do?!)! Each of our stories is different, it wouldn't be interesting otherwise... I guess.

It is not advisable for anyone to jump into what they do not understand it will be quite difficult to make profit from what you don't know how to do . Trading is something that is volatile even people that knows how to trade loses money most times let alone someone that doesn't know how to trade they will lose a larger amount of money
If anyone wants to involve in the trading they should make out time to learn, after learning they should try out with demo account if they could make profit from the demo account, they will now start trading with small capital and when they become consistent they can increase their capital.

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Quote from: iv4n on October 31, 2022, 05:15:41 PM

Quote from: Angel_gabriel on October 31, 2022, 01:10:24 PM

Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

Day trading didn't work for me, and I always point out that it's hard to make a profit if you are a newcomer in trading, but people should be free to try it. Of course, with the money they can afford to lose! Jumping into something unknown with big money is not a good thing to do! Whatever stories you read or hear from others! Experience needs to be built somehow, but what we don't need is to spend a fortune before we learn something (or we do?!)! Each of our stories is different, it wouldn't be interesting otherwise... I guess.

If you are not very good at day trading, you will make a profit on long-term investments.
I also used to think I wasn't very lucky in day trading. despite having studied and trying to develop skills. but still, the losses outweigh the gains.
better investment. Daily trading in unfavorable market conditions will of course lead to losses. except those who are good at futures trading.

iv4n

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Quote from: Angel_gabriel on October 31, 2022, 01:10:24 PM

Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

Day trading didn't work for me, and I always point out that it's hard to make a profit if you are a newcomer in trading, but people should be free to try it. Of course, with the money they can afford to lose! Jumping into something unknown with big money is not a good thing to do! Whatever stories you read or hear from others! Experience needs to be built somehow, but what we don't need is to spend a fortune before we learn something (or we do?!)! Each of our stories is different, it wouldn't be interesting otherwise... I guess.

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Day trading is not advisable in the bear market. either a pro or a novice, trading in the bear market is a nightmare

yudi09

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Quote from: rozak on October 29, 2022, 07:42:25 AM

Quote from: yudi09 on October 29, 2022, 07:30:33 AM

Day trading will not make us lose money as long as we can play the right strategy. In my opinion, what makes us lose money in daily trading is because we are too pushy.
We have to speculate according to the circumstances. But in day trading it is very close to loss because the market is very volatile.
When the ability to speculate is below average, it is better to avoid day trading.

Every day trade should have a good plan. and they have to stick to that plan. compulsion or greed will not produce what we expect.
Some day traders lose money because they force too much market momentum. they always expect bigger profits. but they won't get it. most do not succeed because they do not stick to the original plan that has been made.

This can give a message to beginners to avoid day trading. We have no right to forbid people to do so, but because the market is so volatile that we dare to give advice.

There are several things to avoid for those who are very new to crypto trading activities if financial capabilities are not present such as mortgaging securities in order to get capital because it will not guarantee that capital will return instead of expecting profits.

Bhig Daddy

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I recognize that you have a wealth of trading experience.
But bear in mind that sometimes someone has additional skills, such as the ability to search for daily profits using all of their extensive analysis, just like you. Therefore, it is unlikely that people who desire to day trade or seek daily profit will lose their money.
In reality, a long-term investment would be preferable, but occasionally a trader will be unconventional and almost a percentage of them would seek daily profits when a bearish condition is affecting the market.

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Quote from: Cryptokobi on October 06, 2022, 01:07:17 AM

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Day trading is not for everybody. One has to dedicate his time and effort in order to succeed in day trading.
Even then there are days when you don't make any money and days where you lose money as well.
Everyone has to try it though to figure if day trading is meant for them or not. I have tried as well and figured out I can't day trade.
I am better off with short term and long term trading.

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Quote from: joes021 on October 28, 2022, 06:34:36 AM

Quote from: CryptoYar on October 28, 2022, 12:29:37 AM

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I think if the newbies follow the signal groups that are there for trading, then they should take ideas from there.

I don't think such groups provide educational material to their members. Because If their members will be able to trade on their own, no one would pay them... I'm talking about paid groups.

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But if you want to trade, you have to accept that you have to go through many problems. Sometimes you will gain and sometimes you will lose. Accept and trade.

Yes, like every business, it has both profit and loss. If someone is comfortable with profit and does not want to see loss, then trading is not for him. It is better for him to put his money in the bank and earn interest on it.

Putting money in the bank is not really good idea. Fiat money loses its value rapidly. Better way is to invest in some assets.

Obviously, I agree. But, the majority of people believe that putting money in the bank is a good idea and that they will earn a passive income. In reality, however, the value of their money decreases. So I did not say that keeping money in the bank is a good idea. I was just describing their way of thinking.

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Quote from: yudi09 on October 29, 2022, 07:30:33 AM

Quote from: Cryptokobi on October 06, 2022, 01:07:17 AM

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Day trading will not make us lose money as long as we can play the right strategy. In my opinion, what makes us lose money in daily trading is because we are too pushy.
We have to speculate according to the circumstances. But in day trading it is very close to loss because the market is very volatile.
When the ability to speculate is below average, it is better to avoid day trading.

Every day trade should have a good plan. and they have to stick to that plan. compulsion or greed will not produce what we expect.
Some day traders lose money because they force too much market momentum. they always expect bigger profits. but they won't get it. most do not succeed because they do not stick to the original plan that has been made.

yudi09

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Quote from: Cryptokobi on October 06, 2022, 01:07:17 AM

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Day trading will not make us lose money as long as we can play the right strategy. In my opinion, what makes us lose money in daily trading is because we are too pushy.
We have to speculate according to the circumstances. But in day trading it is very close to loss because the market is very volatile.
When the ability to speculate is below average, it is better to avoid day trading.

iv4n

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Quote from: EarnOnVictor on October 29, 2022, 04:35:52 AM

Both in Stocks and Crypto trading, nothing is wrong with day trading, some traders are making huge amounts of money through it. It also depends on what you mean by day trading because there are many strategies of day trading, we have scalping, holding the position for minutes, while others might hold their position for hours and even for the rest of the day (about 23 hours). The higher the duration of trading for the day trading, the better and less risky it is. And once your strategy is good enough, you will be winning regularly.

I don't think that anyone thinks that there is something wrong with day trading, it's more about how difficult is to day trade and be profitable. Many people are trying many strategies, but the fact is because of bad timing/greediness/wrong information/etc many people are losing money, simply profit they make can't cover losses. What many people don't realize is if you wish to make a profit with trading you need to worm up your chair, you need to invest time and be active in following your chosen pairs. I guess it can be like a full-time job because the more active you are the higher your chances are of having successful trades. It's not a "get quick fast" scheme, people think they can trade at any time by picking random pairs and it's all! Well, things don't work like that in trading.

EarnOnVictor

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Both in Stocks and Crypto trading, nothing is wrong with day trading, some traders are making huge amounts of money through it. It also depends on what you mean by day trading because there are many strategies of day trading, we have scalping, holding the position for minutes, while others might hold their position for hours and even for the rest of the day (about 23 hours). The higher the duration of trading for the day trading, the better and less risky it is. And once your strategy is good enough, you will be winning regularly.

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Quote from: joes021 on October 28, 2022, 06:34:36 AM

Putting money in the bank is not really good idea. Fiat money loses its value rapidly. Better way is to invest in some assets.

I'm not a bank nor cash defender but there's also some advantage to keeping your cash whether it will be in the bank or through your own vault. Like on these times when inflation really is hitting, the cash value is depreciating but there will be times that you really have to spend some bucks to acquire new assets. And for you to have some assets, you'll be needing cash and one of the most important is to have an emergency fund which will still involve having some cash.

Topic: Day trading (Read 1231 times)