Day trading is very good for skilled people, but if you take is as a casino game it's not investing anymore, but just gambling.
And it will have the same results as gambling, that is you'll lose money.
So, take the time to learn technical analysis, develop a strategy and follow it.
Topic: day trading effective? - page 19. (Read 1974 times)
Day trading can help the people to earn money but it is not that much effective as holding because risk in day trading is very high and it needs time but the rewards will be less when compared to holding.
I think day trading can be profitable only if that is your ONLY job.
While day trading, you should always keep a close watch on your assets and their prices. You have to act quickly in case of an unprecented move. You should have alarms setup on your charts and be ready to be alerted 24/7 to take care of your trades.
I have a normal daytime job, and I have tried for some time to day trade while working. I ended up losing money, as I missed many good entries/exits while I was busy with work.
While day trading, you should always keep a close watch on your assets and their prices. You have to act quickly in case of an unprecented move. You should have alarms setup on your charts and be ready to be alerted 24/7 to take care of your trades.
I have a normal daytime job, and I have tried for some time to day trade while working. I ended up losing money, as I missed many good entries/exits while I was busy with work.
I think it depends on the person doing because some people think this is a rape on the crypto but I personally do not care about it, as long as it does not break the rules then it can be done and I think day trading is effective
I think bitcoin trading is a tricky job and trading is not an easy job and if you want to trade you need an big experience and good skills and intelligence one you have trained in experience you will definitely earn more .
questions on day trading cryptos
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
For doing the day trading in effective way, first of all, you should be requiring a good trade plan by which you could easily select some good tradeable coins. Then I would like to use both fundamental and technical analysis to enter my day trade position according to the market conditions and coin's potential. Then at last other than all this strategy I also follow event strategy where I use to enter my positions according to the big event which took place or going to take place in next 24 market hours. I follow this strategy for regular day trading with discipline.
On day trading you have to fucos your time to watch your profolio all day but before of that you have to study the price of that coin for atleas one week to how deep if she goes down and how far in hight.
Yes, when markets are in red you can't make money from day trading. But if you invest money on good coin on red-day then you can make profit when market start moving up.
Really? And what about shorting? Never heard?
From my point of view, traders by day often use computer to make decisions automatically. Before trading, they have a background of machine learning and economics especially for high frequency trading. Strategy is very important everywhere and you should patient enough to make investment.
questions on day trading cryptos
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
For doing the day trading in effective way, first of all, you should be requiring a good trade plan by which you could easily select some good tradeable coins. Then I would like to use both fundamental and technical analysis to enter my day trade position according to the market conditions and coin's potential. Then at last other than all this strategy I also follow event strategy where I use to enter my positions according to the big event which took place or going to take place in next 24 market hours. I follow this strategy for regular day trading with discipline.
I see day trading as a real profitable Job but as gambling, it offers the same risk. I see day trading profits when you have huge initial investments to trade just to create considerable amount of profits. I suggest to study first and do trial and error for small investments before considering profits for this or you'll just risk your money on the volatile market.
I think it depends on the person doing because some people think this is a rape on the crypto but I personally do not care about it, as long as it does not break the rules then it can be done and I think day trading is effective
Not that easy to do day trading unless you were that expert in that field. Anyway, it is natural for a trader to pass through losses. It is not an ordinary trading because it is precarious and you must be that well educated and well experienced to enter day trading for it to be effective.
If you entered that kind of trading, it can be more emotional than other tradings. Pressure is also there.
However, some are get into this high-risk kind of trading because of that approach "get-rich-quick" which is essential and effective to others.
If you entered that kind of trading, it can be more emotional than other tradings. Pressure is also there.
However, some are get into this high-risk kind of trading because of that approach "get-rich-quick" which is essential and effective to others.
questions on day trading cryptos
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
For me yes, since fluctuations each day have big margins doing day trading will somehow give enough profit, not for those greedy people who intent to earn big in an instant. Long term holding is still much better but for those who want instant and sure earnings day trading is good . seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
No for me because it have a big risk to loose your some money
I would recommend a hodl trading
I would recommend a hodl trading
questions on day trading cryptos
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
Actually day trading i think is risky,and needed much time to spend and always following the exchange trading in the market either its pump or dump,for me this kind of strategy is wasted time and effort,because in the end you are the looser because its gives you more anxiety in your investment and at the same time its can affect your physical health that maybe can turn to you in depression when always monitoring the exchange market.
Sometimes, especially when the cryptomarket demonstrates the highest volatility, this is the best choice for a very experienced trader. yes, the risk is high, but you can earn fast.
I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.
Every trader has his own story of success or failure but the point is it is your skillset and strategy along with making the right decision at the right time which can help you in having some handsome amount of profit while doing trading. You just need to manage your time in a way that you can do all the necessary things related to it well in time as day trading is really a hectic job to do.
Yeah if it's a question of whether it's effective or not, there are many who've had success in day trading so it is effective. It just depends if you you have the skill to make it work for yourself. Many people lost a lot but may earned a fortune already.
Day trading has been always enjoyed by traders in altcoin market.It is actually useful here as this market is highly volatile.It was mostly used earlier by traders to make quick profits making use of quick fluctuations in price.Traders have to finish trades very quickly in lesser margins.But when the whole market turns red,then it would be very difficult for traders t make profits.Nowadays since bitcoin price has started to steady increase high,many day traders have just decided to buy and hold bitcoins instead of day trading and taking unwanted risks.
I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.
Every trader has his own story of success or failure but the point is it is your skillset and strategy along with making the right decision at the right time which can help you in having some handsome amount of profit while doing trading. You just need to manage your time in a way that you can do all the necessary things related to it well in time as day trading is really a hectic job to do.
If one is to day trade, as the numbers do make noticeable changes hour by hour,
would you be making change, as in a buy or sell every hour, or would you be doing it by every few seconds?
would you be making change, as in a buy or sell every hour, or would you be doing it by every few seconds?
it can be profitable if you know what you are doing. otherwise if you are just playing around and buying things wishing they go up instead of really making educated trades, then it can not be profitable for you.
for example when you say "the whole market is red" it means you are not seeing the market because even during the "red" times there are opportunities to make money. for instance in the past couple of days DigixDAO was pumped and gave a nice profit although everything was red. so did at least half a dozen other altcoins. and that is ho you day trade in altcoin market, you find these coins with a pump coming and invest in them and dump as soon as you are satisfied with the profit.
It can really be very profitable but can also be very risky and stressful. Someone with emotion cannot day trade, even though it is normal too see those emotion rush in few days after you have started with some knowledge you have gained, but one thing about it is that, you have to be very smart and calculative with your indicators, or else, you will be making bad decisions and end up losing a lot of your funds.for example when you say "the whole market is red" it means you are not seeing the market because even during the "red" times there are opportunities to make money. for instance in the past couple of days DigixDAO was pumped and gave a nice profit although everything was red. so did at least half a dozen other altcoins. and that is ho you day trade in altcoin market, you find these coins with a pump coming and invest in them and dump as soon as you are satisfied with the profit.
There is so much to daytrading that makes it profitable but it requires a lot of knowledge, good level of perception and ability to make good and fast decisions, which makes it risky. However, with more experience, a day trader always gets better. This is done mostly by taking advantage of the daily or few hours’ fluctuation in the market and having huge gains on that but it requires time too.
Jump to: