Day Trading Crypto- Currencies Is Dead... - page 3.

Oilacris

hero member

Activity: 2996

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Quote from: Mzie on November 10, 2016, 04:24:52 AM

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. Roll Eyes

If you do trading , you would surely put up time and efforts with it. Staying up for computer for how many hours would be needed as long you are trading because you would really need to see the price movements. This is the hardest part of trading which is the guessing game, as we all know price are too volatile we really dont know on which way it would go thats why it really needs patience and good technical analysis.

BitcoinHodler

hero member

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HODLing is an art, not just a word...

actually it is still possible. for bitcoin it is much easier because you can also use some analysis on the market and also add some news and things you hear around the web to it and then make trades.

but also it is possible with altcoins, although it is harder and can only be done on hot altcoins and the those with big market caps.

in neither of these cases it is easy over all to do trading in short term because there are so many variables that you have to watch for.

jtipt

hero member

Activity: 1050

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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.

mobnepal

legendary

Activity: 1218

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For elite traders there is always a good opportunity to earn daily profit with day trading as they don't always watch only one single coin and don't go through any fixed strategy or loss/profit margin. While most of the new day trader loss so much trying to put their all bankroll in one single coin in margin trading with which even with small opposite market move they can loss all they have put into.

mindrust

legendary

Activity: 3276

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Trade only with the money which you don't need.

It is painful to wait for long months just to have your targeted profits. And it is even more painful to cut arms or legs when you need cash immediately.

Personally, i quitted crypto day trading. It is because i realized i will have more or less the same profits if the prices go up in general. If the prices go down, it has no use to trade anyway.

Red-Apple

hero member

Activity: 1470

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Quote from: Mzie on November 10, 2016, 04:24:52 AM

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?

yes for the better part of it but it is impossible to always watch the markets and that is where bots come in.
but usually the "day traders" in markets like stocks and such are staying behind their computer and staring at the monitor all day long since there is a close time for most markets like stocks.

Quote

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. Roll Eyes

that is true.
you should always have concrete reason for making each trades, not just do them based on your gut or risking it for maybe getting lucky!

jovs

sr. member

Activity: 672

Merit: 250

Quote from: Mzie on November 10, 2016, 04:24:52 AM

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. Roll Eyes

Yeah, I fell what you feel. Blame those people who used to pump and dump a coin for them to make profit from an individual traders. Also, for the devs who are scamming traders for him to succeed hunting his victim.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

Quote from: Mzie on November 10, 2016, 04:24:52 AM

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. Roll Eyes

not really no.
and this is exactly what I have been saying every time someone says don't leave your funds on an exchange! you have to open up positions that you want to buy and then to sell and wait for them to get filled or buy at current price and then wait for some time and sell based on how market shapes up but you never stay there watch your monitor all day long.

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Quote from: Mzie on November 10, 2016, 04:24:52 AM

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. Roll Eyes

Actually not all of traders who make target profit daily because there are some types of traders are like scalper, daily traders, weekly traders and investors, and usually the traders who make target daily profit types scalpers and days traders of course they must stay on their computers. But everything depend on the traders them selves.

Monetizer

hero member

Activity: 812

Merit: 1000

Day trading crypto is not dead if you really really know what you are doing. With enough money it isn't hard to manipulate alt coin markets provided you can sell them. As for Bitcoin it can be quite hard to profit heaps.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: Mzie on November 10, 2016, 04:24:52 AM

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. Roll Eyes

Best profits to make are the ones from the long term and not short term trading If you ask me and in that case you don't really need to watch the market and stuff 24/7 Instead you could just check the price twice/thrice a day . Sometimes things are simply not going to go as you want ( specially daily as prices could stay so stable and don't move) so yeah I consider day trading as being dead.

Dassi

sr. member

Activity: 252

Merit: 250

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.

Mzie

full member

Activity: 140

Merit: 100

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. Roll Eyes

Topic: Day Trading Crypto- Currencies Is Dead... - page 3. (Read 3061 times)