Day trading - page 4. | Bitcointalksearch.org

iv4n

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Quote from: Issa56 on October 13, 2022, 02:16:36 PM

Quote from: Kopetunto on October 13, 2022, 11:32:06 AM

trading on a daily basis is actually very good to do in futures trading, because we can adjust the volume and level of profit,

If you are not a professional yet, avoid future trading, I know their is money in future trading which always push people into it, but you can lose all your money just within few minutes, you can easily get liquidated that's why I don't really advice people to trade futures. If you are in sport trading, if a coin dumps it will definitely recover if you can hold it, most expecially if you are trading bitcoin, but in future trading, when the price gets to liquidation price, you will be liquidated and all your funds are gone. We shouldn't always think about the high profits alone, but we should also think about the risk. I always advice newbies to avoid future trading or they might endup losing all their start up capital.

There's money in future trading like we can say there's money in gambling... but that comes with a catch. You really need to know what you are doing to make some profit because at the end of the day majority of people are losing just a handful of people actually make a profit. Day, future, and leverage trading are for experienced people, and even they are not in the green all the time. From my experience, it's hard to make money there if you are not 101% in trading and you don't have enough capital and time for that!

Silberman

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Quote from: Issa56 on October 13, 2022, 02:16:36 PM

Quote from: Kopetunto on October 13, 2022, 11:32:06 AM

trading on a daily basis is actually very good to do in futures trading, because we can adjust the volume and level of profit,

If you are not a professional yet, avoid future trading, I know their is money in future trading which always push people into it, but you can lose all your money just within few minutes, you can easily get liquidated that's why I don't really advice people to trade futures. If you are in sport trading, if a coin dumps it will definitely recover if you can hold it, most expecially if you are trading bitcoin, but in future trading, when the price gets to liquidation price, you will be liquidated and all your funds are gone. We shouldn't always think about the high profits alone, but we should also think about the risk. I always advice newbies to avoid future trading or they might endup losing all their start up capital.

I think we can even argue that the first thing we must think about is the risk we are incurring, the markets as we know move in cycles so as long as you can survive with most of your capital intact when the cycle is not in our favor then you can reap huge profits when the market finally begins to pump, so trying to force things out when the conditions are not there is a big mistake, which explains why so many people which try to trade futures lose their money so rapidly.

bhooscream

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Quote from: Rana590 on October 11, 2022, 03:23:31 PM

Profit or loss is the part of trading and no one can get profit only. Day trading is a good way to generate profit but we should not expert profit every single day. Besides, we should not expect more than 20% profit from a single trade. Holding Bitcoin and day trading both are different to earn profit.

Ireally agree with you. None can only get profits when trading cyrpto. ALthough they are profesional traders, they may also loss sometimes. But we can see whether the trading is profitablero not is by comapring the difference of the loss and profits

Issa56

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Quote from: Kopetunto on October 13, 2022, 11:32:06 AM

trading on a daily basis is actually very good to do in futures trading, because we can adjust the volume and level of profit,

If you are not a professional yet, avoid future trading, I know their is money in future trading which always push people into it, but you can lose all your money just within few minutes, you can easily get liquidated that's why I don't really advice people to trade futures. If you are in sport trading, if a coin dumps it will definitely recover if you can hold it, most expecially if you are trading bitcoin, but in future trading, when the price gets to liquidation price, you will be liquidated and all your funds are gone. We shouldn't always think about the high profits alone, but we should also think about the risk. I always advice newbies to avoid future trading or they might endup losing all their start up capital.

Kopetunto

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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

trading on a daily basis is actually very good to do in futures trading, because we can adjust the volume and level of profit,
but indeed the level of risk we have to accept is also very high, even trading in futures can make your capital run out, so you should think twice before you trade there.

justdimin

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Quote from: rendravolt on October 09, 2022, 12:07:24 PM

Quote from: Hamza2424 on October 08, 2022, 03:58:33 AM

Day trading is a bit riaky i think but if you are going with the spot for this time that can be non risky but still you need to understand that for now market is like Confused 😕 so this is how market moves and for 1 day i am sure you are not able to make good profit except for good luck ahhh Future Trade is another thing but its Highly Non Recommend.

There are no proper words to describe this situation. If we do spot trading, it may be safe but also at risk of surviving long enough to withstand losses if the market does not improve. While futures trading is very promising but if you do not understand technical analysts it can be a boomerang that is detrimental to you.

Leverage trading means you need to be good at that moment, not later on, not a week later, not a month later, you need to profit at that exact moment to make money. If it goes down even 1%, that means all of your money could be gone, but if it goes up 1%, then you will make a lot more than that, maybe double your investment.

This is why it’s so important, and why it matters so much. I personally do not care about the situation at that moment, that’s why I stay away from it. Personally spot trading is a lot better, it’s a lot lower returns, and it’s a lot less risk. If I am wrong, I could DCA my way out of that investment most of the time, and that feeling of security is something I need.

palle11

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Quote from: Oceat on October 12, 2022, 12:52:37 PM

OP meant to say was day trading isn't profitable in the long run, you may be earning today with your day trading skills but once the cycle of market change then that's the time you will start to question your ability in day trading. That's why OP said that 99% of his trade aren't successful(getting profit). There are different types of trading strategy and you use the best strategy that would be able to give you more profit than your previous trading strategy.

But it is not exactly correct that day trading is not profitable. Just like you later in the post you said to use the best strategy and I think that is what is important to do. Look into the best strategy that you are consistently making profit then build upon it and continue taking your profit from the market. The market is always there and willing to give us profit if we do the normal thing but we are just humans , sometimes we fall but we need to rise always.

Oceat

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Quote from: Issa56 on October 12, 2022, 11:52:50 AM

Quote from: ?? on ??

Not all lose, just 99%

I know day trading is really risky, am not a day trader because I know is kind of risky, but to be honest I don't agree with you saying 99% of day trader's always lose their money, you losing money or maybe you knowing people losing money those not mean you have to generalize it, as I said I know some people that are day trader and they are making money from it, am not saying they are not losing money, but at the end jf they calculate their profits and lose, their profits is always far more than the amount they lose, which I think is normal. If you are a day trader and you are losing money frequently then I will advise you to stop, you can definitely change your pattern, but to be honest with you, their are still lot's of day trader's making money, you might just don't know them.

OP meant to say was day trading isn't profitable in the long run, you may be earning today with your day trading skills but once the cycle of market change then that's the time you will start to question your ability in day trading. That's why OP said that 99% of his trade aren't successful(getting profit). There are different types of trading strategy and you use the best strategy that would be able to give you more profit than your previous trading strategy.

sayaya17

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Quote from: Issa56 on October 12, 2022, 04:11:23 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

I think your are wrong, not all day traders always lose money, I know day trading is kind of risky, you should be a professional trader before you can be a day trader, because it's involves doing some technical analysis before buying a coin, but lot's of people still make money from it. We all know you can't be making profits always their will definitely be lost sometimes but you won't lose your money completely and your profit should always be more than your lost. If you don't really know much about trading then it's better you avoid day trading, if you don't know much about trading is just better you buy and hold, HOLDING those not require serious technical analysis, just buy and hold for long term, also if you are investing always make sure you invest in bitcoin to be at a safer side.

Day trading is still a promising source of income for some people, because if we have good research and analysis skills, then we can make money
from day trading. As you said, indeed we will experience losses when doing day trading, but as long as the amount of profit generated is greater than
the losses experienced, I think day trading is still worth doing. If we try day trading and lose all our money, it means we still don't have good
analytical skills, therefore most of the decisions taken are wrong. If we feel we do not have good analytical skills, it is better to avoid day trading
for a while. And just focus on long-term investment in top coins, such as buying BTC, ETH and BNB for us to hold in the long term is much easier to do
and the possibility of making profit is also much greater.

Issa56

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Quote from: ?? on ??

Not all lose, just 99%

I know day trading is really risky, am not a day trader because I know is kind of risky, but to be honest I don't agree with you saying 99% of day trader's always lose their money, you losing money or maybe you knowing people losing money those not mean you have to generalize it, as I said I know some people that are day trader and they are making money from it, am not saying they are not losing money, but at the end jf they calculate their profits and lose, their profits is always far more than the amount they lose, which I think is normal. If you are a day trader and you are losing money frequently then I will advise you to stop, you can definitely change your pattern, but to be honest with you, their are still lot's of day trader's making money, you might just don't know them.

Cryptomiles1

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To me when talk of trading what is the next thing that comes into your mind?
Most people says is to make money from whatever you have used to start up the trading journey. But to me is something you have spare to risk and also to multiply, this can only happens if you make a proper research on effective trading and how to minimize risk while trading this includes; funds management, when and how to enter trade, types of trade, lot size and time frame. Though I m just giving a rough answer but to those who really wants to go into it as a course or career should pay more attention before jumping into.
Anyone who is anxious to make profit can not make a good trader because he is focusing only the profit aspect of it.

Franctoshi

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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

Honestly trading is risky and is a game with rules and requires a lot of understanding of the market to be profitable. I was once in your shoes at some point in my trading journey, almost lost everything until I developed a working strategy, this is why they said 95% of traders loose money in trading.
One big lesson or rules I learnt during all those period was decipline, risk management, not being greedy ,patient with your trading set ups and never Chase the market, it's better to miss a trade than to loose a trade because there will always be next opportunity in the market.

Seem your were a victim of these rules or maybe trading is not meant for you!.

Issa56

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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

I think your are wrong, not all day traders always lose money, I know day trading is kind of risky, you should be a professional trader before you can be a day trader, because it's involves doing some technical analysis before buying a coin, but lot's of people still make money from it. We all know you can't be making profits always their will definitely be lost sometimes but you won't lose your money completely and your profit should always be more than your lost. If you don't really know much about trading then it's better you avoid day trading, if you don't know much about trading is just better you buy and hold, HOLDING those not require serious technical analysis, just buy and hold for long term, also if you are investing always make sure you invest in bitcoin to be at a safer side.

Smitty Werben Man Jensen

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COMBONetwork

Quote from: Rana590 on October 11, 2022, 03:23:31 PM

Quote from: Bhig Daddy on October 11, 2022, 06:48:34 AM

That is why the majority of traders lose money, especially day traders. Each day's market conditions will be unique, and unanticipated rumors like a crypto ban or that the most well-known exchange has been compromised, among other things, will cause a brief crash in the market. Cut losses are your only option since if you do them too frequently, you won't make additional money.
However, I don't believe trading for more than a few days or a week will be more profitable than simply holding Bitcoin by itself.

Profit or loss is the part of trading and no one can get profit only. Day trading is a good way to generate profit but we should not expert profit every single day. Besides, we should not expect more than 20% profit from a single trade. Holding Bitcoin and day trading both are different to earn profit.

Regarding that, every trader must have felt a loss too because in trading no one is always profitable,
Before starting to trade daily we need to learn everything because the risk is quite large and not easy for sure,
there are lots of potential coins and use them to make a profit

Ahli38

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I am a day trader. and I'm fine. even I can still benefit from my day trading. although there are sometimes 1 day where I experience a loss. but that can be minimized by already setting up a stop loss with calculated losses. but day trading is not something that can be taught to everyone. because it requires patience and careful observation. and indeed not everyone can be a day trader. because believe me daily trading is more emotionally and mentally draining you. and people who lose in controlling their emotions and mentality will lose. and most day traders lose more because they don't know when to enter and when to exit. because we cannot enter the market every time. but beginners always want to enter the market whenever they want when opening the market. and this type of person will usually experience more losses in their daily trading.

So investing for the medium and long term then it's better for those who can't keep their mentality and really want to keep their emotions stable. such as using the DCA method.

Sebas.tian

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Quote

Before going to take a trade or investment if you didn't do good analysis or did a wrong investment in wrong time Then you have to face losses no matter how experienced you are. And only experienced it doesn't means good trader. And at the end I will say if a trader did wrong investment it's fully his responsibility and if you invest in the wrong coin at the wrong time, you will face loss not only in day trading but also in long term trading.

Yes, carry out your personal analysis will really help you to avoid losses in your crypto trading either day trading or long term trading, because there are some coins that are not favourable to invest in this bearish season, but if you invest on them you will not have something good to make at the end of the trade. For you to be part of those that will smile in the future, you have to make a right choice by investing on Bitcoin and Ethereum in this bearish season so that you will not experience failure in your income. I think, many traders are still making money from crypto day trading because they always apply their own analysis to ensure they achieve income at the end.

Rana590

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Quote from: Bhig Daddy on October 11, 2022, 06:48:34 AM

That is why the majority of traders lose money, especially day traders. Each day's market conditions will be unique, and unanticipated rumors like a crypto ban or that the most well-known exchange has been compromised, among other things, will cause a brief crash in the market. Cut losses are your only option since if you do them too frequently, you won't make additional money.
However, I don't believe trading for more than a few days or a week will be more profitable than simply holding Bitcoin by itself.

Profit or loss is the part of trading and no one can get profit only. Day trading is a good way to generate profit but we should not expert profit every single day. Besides, we should not expect more than 20% profit from a single trade. Holding Bitcoin and day trading both are different to earn profit.

TheUltraElite

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So anyway, I applied as a merit source :)

Day trading is not everyone's cup or tea. Those who have been a pro at day trading will continue to be so, personally I never feel comfortable with it and hence I stick to mid/long term trading which is a slow drawn process but profitable.

To many people day trading does not work out, and there is nothing bad to it, just that if it is not working, then you should be ready to stop doing it. Trying to get back on your losses makes the entire process nothing different from gambling.

I hope the OP made the proper move and took to what they found as profitable. It is not always good to follow what a pro person tells you, rather listen to what your heart says about the same and assess yourself how much good you are at it.

maydna

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Without having good analytical skills, you will not be able to make daily trades because market movements or volatility will continue to change and will not be the same. Maybe you can follow the market, but perhaps you will have difficulty making a profit. But if you have that ability, you can make day trades and earn profits. This will be a challenge for those who want to do day trading because the market constantly changes and requires them always to learn to analyze.

Bhig Daddy

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That is why the majority of traders lose money, especially day traders. Each day's market conditions will be unique, and unanticipated rumors like a crypto ban or that the most well-known exchange has been compromised, among other things, will cause a brief crash in the market. Cut losses are your only option since if you do them too frequently, you won't make additional money.
However, I don't believe trading for more than a few days or a week will be more profitable than simply holding Bitcoin by itself.

Topic: Day trading - page 4. (Read 1231 times)