Topic: Day Trading Crypto- Currencies Is Dead... - page 2. (Read 3061 times)
I don't know about everyone else, but I don't sit on the computer all day to make trades. I put in orders and wait for them to go thru and I check a few times throughout the day to see if any orders have cleared.
To be honest, some of them only really do day trading while most of the traders who know how crypto trading works only stays in a computer for a few hours and just waits for the profits to pour--basically, all of crypto trading now is focused at pump and dumps and not really the conventional "day trading" that we are accustomed or used to.
Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned
Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.I do not prefer day trading as I had lost some big amount due to sudden volatility.
I can feel your pain since I've been there, many times
Day trading is very luring into the reckless hunt for profits, thereby it is easy to first lose control and then lose money. But I still wouldn't write off day trading completely. It may be no less frustrating to see the price revert just short of your long term goal than actually losing a small amount of money. My favorite strategy so far has been to use the best of these two approaches to trading as much as possible. I don't neglect day trading altogether, though I use only a relatively small percentage of my funds without ever losing sight of my long term goals. In this manner, I profit a little from short-term volatility on a daily basis and at the same time don't lose handsome profits which long-term holding may potentially bring
i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.
Yea, actually depend on the traders and strategy used but mostly day traders they must stay on computers and watching the candle chat on the monitor, and in my experience it is not good because we don't have time for other Jobs and our mind is always on trading. 
Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned
Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.I do not prefer day trading as I had lost some big amount due to sudden volatility.
Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned
Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.I do not prefer day trading as I had lost some big amount due to sudden volatility.
I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?
Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.
Sometimes the best trade is a No Trade.
Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.
Sometimes the best trade is a No Trade.
Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned
I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.
As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).
As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).
I think it is getting noticed now. Look at those ICO's, they get millions of dollars and becoming popular. Real investor are keeping their radar on cryptos with solid platform and roadmap.
i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.
Technical analysis is what brings consistent profit in day trading.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges
I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.
As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).
As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).
Technical analysis is what brings consistent profit in day trading.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges
Technical analysis is what brings consistent profit in day trading.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
Yes all of traders looking for the way of trading brings profit consistent, but the problem short term strategy day traders must be stay on computers and it is become problem for the people who doesn't have much time, so the analysis tecnical is not enough for it and we need other ways for more complete and not always stay on computers. A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?
If you are not quite happy with the daily price volatility of Bitcoin as of recent (too low as you seem to imply), try trading on margin. After you lose half of your account thanks to a sudden price drop or spike (depending on which side of the trade you are going to take), you will soon learn the value of being patient or even indulging...
Though nothing is as easy as it looks
really bad day for me in trade altcoin. since bitcoin increases, altcoin prices decline unexpected. I stuck a lot on altcoin. even two weeks without earning it really bad. I hope bitcoin prices drop soon, so altcoin given a breather to increase.
Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.
Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.
Anybody can do that.
Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.
Anybody can do that.
Isn't that what smart contract apps like Augur are for, so you can target certain events and know if the rules are right you can execute
a trade?
No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.
Compared to bitcoin trader, alt coin trader might be having more chances to get at least one trade for every day, but when we are having more options we will be misleading to wrong trades other than that concentrating on technical analysis with many options will be difficult for any trader. I believe there will not be any compulsory to trade daily to get some profits. Weekly 2 or 2 trades will be enough for a decent earning.
Sometimes the best trade is a No Trade.
Yes, instead of facing losses securing capital must be the right option. 
No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.
Well that's true for professional traders, or say someone who is trading with large amount and expects a profit everyday it's his job. But with casual traders, someone like me, they don't usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.
It is not possible to make profit everyday no matter how professional or experience you are, experience only help your decision making, another thing people need to realize is that it is very difficult to make money in a bear market for most traders so you need to be very discipline to do so especially now that the prices of Altcoins have dropped significant since Bitcoin rally began.
Happy trading
Technical analysis is what brings consistent profit in day trading.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.
Jump to: