Day trading - page 5. | Bitcointalksearch.org

danherbias07

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

Didn't you consider that it's just not for you? Because for some it works out just fine.
It's not impossible, it can be done. You had the experience you say, I bet you did it too and there are some moments of making profits too.
We have different approaches when it comes to trading.
For me though, it's the large capital needed to feel the profit. This ain't a recommended strategy for starters.

rendravolt

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Quote from: Hamza2424 on October 08, 2022, 04:58:33 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.

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

This looks not a serious advice by person with 20 years experience on stocks trading since traders on stock frequently do day trading for a living. Besides a real pro traders sets there profit and stop loss in every trade that they made daily so it's impossible for them to everything for just doing it. An experienced trader will always be disciplined and follow his trading rule book on all his trades.

I’m not suggesting day trading is good but it's not bad either if you knew how to properly execute it.

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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 may not be suitable for everyone and also it is not possible to be consistent in the day trading still it can be profitable when someone uses the stop loss feature and understand the market movements with the technical indicators.

If you are going to try day trading then there are some points has to be kept in mind like don't invest all your crypto capital for day trading just 10 to 30% of your total capital into the day trading and also keep the margin low as much as possible like 2% maximum and lesser trades so the frustration can be reduced a lot.

But at some point if you realize that you are losing more than your are making then just stop day trading and move to long term or just HODL.

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

You have much experience in trading and day trading favour all this while, that doesn't mean day trading will still be same experience like yours. Their may be reasons why day trading didn't favour you.

Trading can't be for everybody because some persons may be doing the right thing when it comes to trading. Trading has its rules and if this rules can be followed their wont be much difficulties. Factors that affect day trading is too much greed, no knowledge and discipline.

Hypnosis00

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

You can't assume that everyone who has been trading will have the same strategies and decisions.
In fact, it was a choice whether you embrace day trading or not, but it doesn't mean that if you will not doing Day trading you will lose( if that is what I understand).

For 25 years in trading, I could say you are an expert in this and maybe you are rich already assuming that you are in Day trading and earn a profit every day. If that is so, then you will tell us that spot trading and any form of trading aside from Day trading are useless?

Minecache

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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 can be really stressful but I don't think someone will lose all of his money just by doing it unless he is trading in futures. If you're doing spot trading, you don't lose as long as you don't sell your crypto at a lower price. When you're trading in futures, you can easily lose your capital when a sudden unexpected movement happens in the market. The higher your leverage is, the higher chance your capital will be liquidated.

It's day trading so there's always a stop loss so even spot trade can make you lose or even lose all your money. We are trading, not holding, so not placing a stop loss will leave us with a very long capital captivity, which is something many traders don't want. Day trading is really stressful and stressful in addition to having to sit for hours at a computer, you are also under pressure to make a profit every day, that will sometimes make you too stressed and easy to make wrong decisions.

Hamza2424

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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.

Smitty Werben Man Jensen

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Quote from: Xampeuu on October 08, 2022, 02:24:46 AM

Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

if seen from experience means you are an experienced trader. but I think there are many things that affect the success of day trading, and by looking at the length of time I study I think there is something that is not good in the psychological arrangement of your trading, considering that many people are actually successful in day trading, for technical analysis I think you have mastered

Managing psychology is also an important thing in trading and sometimes some people don't really care about it,
to trade daily is not something easy because it requires a lot of things,
maybe you can try to adjust the psychology of trading

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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 guess it depends on your interest in learning to trade so you can find your way in trading. If you can learn to trade and continue to practice the lessons while trying to find the right way, I think you can benefit.

In addition, if you are still in the learning stage, you should be able to control the amount of money you use to trade so that it will not cause you to lose all your money. Trading is difficult but it depends on how we manage it.

Xampeuu

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

if seen from experience means that you are an experienced trader because you have spent a lot of time on the market. but in my opinion there are 3 factors that influence a person's success in trading, namely 70% psychology, 20% money management, 10% technical analysis. after that we can ask ourselves whether there is a mistake in us to master these three things, I think there is no difficulty for technical analysis considering the length of time dealing with the market. Short-term trading has the advantage that we can take advantage of opportunities repeatedly in a day, so it is possible to get profits repeatedly, but it does require high skills

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Quote

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 guess, traders are still making money from day trading in this bear market that is making long term traders not to sell than to hold till the bull market rollover. But at the level I am now, I don't think I will engage myself in day trading because the profits you will earn at the end of the market is not encouraging compare the massive profits you will earn from your long trading, if you can exercise patience with the market price.

BobK71

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

Bearishness has been going on for a long time in the cryptomarket at the moment. During this time it is very difficult to make profit by day trading. Where the market is passing through a downtrend. But those who are willing to take the risk this time are doing well. In particular, It is better if you sell your assets by making small profit. Because day trading is riskier than other platforms.

Kopetunto

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To do daily trading, one way is if with small capital only through futures trading,
but it must also have good risk management, because we know that the futures market is far more terrible than the spot market.
and if you have a large capital, then my advice is to play in the spot market is very good, you can trade on the spot market binance,
because there are so many choices of altcoins and of course the large volume makes trading more fun.

palle11

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I didn't say that you can't make money from trading, I said that you can't make money from day trading in the long run, BTW I'm making very good money and I live from trading thank you for your concern

You can make money in any kind of trading that you are into not withstanding the volatility or any thing else. Day trading doesn't require you to go so long to pick all long profit but what you require is to take out profit as you see them. The problem with day traders is they stay longer in and at the end lose all that they acquire on that trade.

Juicy_D

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Quote from: Oshosondy on October 06, 2022, 02:24:57 AM

Trading is not for everyone. Just like you, you should have now understood that trading is not for you. You can be patient and just hold which would help you than to be trading and continuing losing. But that do not mean that some people are not making profit from trading.

Exactly my thought. If being an investor works for you, stick to it but if trading works for you, go ahead and trade. Just like me, I know trading is not my thing 😅

blue_hurricanger

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Well, obviously if you've been in the market long enough, you know that in the downtrend and bear market, you'll likely be fucked twice as hard. That is why anyone who said they could earn a decent profit any day, any time from the market even when it was full of bears, they are a liar. So being a day trader/day trading at this time means you picked the worst possible route. Most traders don't get it but they were carried by when the market is in bull mode.

Chainsmokers

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

your experience is really very long and it is proven that trading on a daily basis especially in the futures market will indeed drain capital,
because indeed it also happened to me after trading on the Binance futures market from $100 to $500 and ended up losing all my capital ran out due to liquidation,
it's a pity isn't it? my advice is better invest in the spot market.

deathcode

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Quote from: wxa7115 on October 06, 2022, 10:32:03 PM

Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

That is the reality for most traders, there are a few people out there which can become successful day traders but their numbers are very small if we compare them to all the people which try their luck on this.

It is better for those which are just coming into the market to take things slow and just become long term holders, and after they get to learn more about this market then they could begin to swing trade, but at that point they may have learned so much about the market that their dreams of staring at a screen and trying to earn money that way would be no more.

looks like the OP has not mastered the problem or indeed he does not have good self-control in day trading. although long enough in the crypto market to trade, the reality does not guarantee one becomes a pro trader.
if not suitable for day trading it would be better to be a long-term holder. the market has shown asset holders to be more profitable. even just need to be patient and not panic. looks simpler and easier to do than day trading. looks like the OP should give it a try.

wxa7115

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Quote from: Cryptokobi on October 06, 2022, 02:07:17 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

That is the reality for most traders, there are a few people out there which can become successful day traders but their numbers are very small if we compare them to all the people which try their luck on this.

It is better for those which are just coming into the market to take things slow and just become long term holders, and after they get to learn more about this market then they could begin to swing trade, but at that point they may have learned so much about the market that their dreams of staring at a screen and trying to earn money that way would be no more.

Topic: Day trading - page 5. (Read 1155 times)