day trading effective? - page 21. | Bitcointalksearch.org

Mrs Aura

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Quote from: worldtraveller321 on February 28, 2018, 10:12:05 PM

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?

In my opinion, day trading is kind of gambling thing.
You have to be ready to take the fall when you predict things incorrectly. Or things didn't happen the way you expected.
For those who have many experiences in day trading might see it as an effective way but for a newbie, I think it's too risky.
You might also need lucky day to be success on it

haroldtee

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Quote from: lvincent on March 01, 2018, 03:06:54 AM

Daily Trading is effective although it is easier said than done, daily trading is really difficult even when this time market are in red days you can profit little by little, of course you cannot sell if you buy your coins at high price but right now this is the can buy coins you don't own yet with low price just make sure that coin is good and every seconds the market is moving there's time that it goes up even little you can earn buy selling although it is really hard.

Easier said than done indeed. Recently, with the bear market, I tried some day trading combined with short term since I was feeling a lot bored. Honestly, after few days I could not just cope staying on the monitor for 6 hours stretch daily, it is crazy and I wonder if there is any day trader than go farther than that in a day and how they have been coping. 4 days was all it took me before I stopped.

Day trading requires so much, and you can make a lot of profit if you are good at what you do, which comes with knowledge and experience anyway, but that huge profit comes with a price too which I mentioned above. Also, anyone without knowledge should not even bother, as that will always make them get emotional and lose a lot.

AjithBtc

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Quote from: gunungkembar on March 02, 2018, 02:19:13 AM

Quote from: worldtraveller321 on February 28, 2018, 10:12:05 PM

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?

daily trading does not seem too effective because if you do daily trading will be a lot of risk to get stuck at high prices and the benefits you get just a little I prefer for long term trading.

Day trading is more effective, and to know about it user needs to have the acceptance mind to overcome loss. Very few learn it without experiencing loss but there are traders who have suffered a lot in the early days of being a day trading and their continued efforts make it more effective.

filtyfrank251

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Quote from: Claudyah on March 02, 2018, 02:46:50 AM

If you ask about when a good trading time then the answer is dependent. Similar to the day, all the days are good. We choose a day worthy of doing certain activities. Because even if we can do anything on any day, there are times when an activity is not worth doing on certain days by considering various things of course.

In trading we can conduct transactions at any time, but we need to determine the time to make transactions in order to profit gained greater and in accordance with our wishes.

Trading day is also very good and easy to help you quickly increase the amount you have but the risk is also great. Because the cryptocurrency market is so volatile you can follow that investment to get a profit but this is not easy and you need to have knowledge of the crypto market as well as very good candlestick chart analysis. . Try to learn and learn about the market before you decide to trade the day, that is the thing to do.

Victorycoin

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Quote from: lablab03 on March 01, 2018, 01:41:51 AM

Day trading nowadays is so difficult even though you keep monitoring the price everyday to get the right timing to sell and buy 'cause the market is very unpredictable and besides of volatility there are some whales on the market that keep manipulating the price . And especially in altcoin which is very depressing also because of its circumstances in the market ,( all alt is facing red). And we have no idea if the volatility of alt will give us profit because bitcoin is growing which is the common reason why altcoin is suffering nowadays. And IMO perhaps doing day trading with bitcoin is a good choice for now.

I do not agree with your take that day trading is difficult rather it is how a trader goes about his trading that either makes or mare his trading career. Trading as a whole is not easy or an all comers affair - be it day or swing trading. Knowing to time the market for a good entry and exit point is a skill any purposeful trader diligently set out to acquire and it comes only with time and lots of practice.

Something worthy of mention here, is that day trading doesn't necessary mean a trader would be glued to their trading terminals all day long, in fact, most day traders end up spending little or time in trading because they do not need to carry out to much researches, because everyday they're abreast with the latest in the market.

Claudyah

newbie

Activity: 252

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If you ask about when a good trading time then the answer is dependent. Similar to the day, all the days are good. We choose a day worthy of doing certain activities. Because even if we can do anything on any day, there are times when an activity is not worth doing on certain days by considering various things of course.

In trading we can conduct transactions at any time, but we need to determine the time to make transactions in order to profit gained greater and in accordance with our wishes.

Nylelyn

member

Activity: 296

Merit: 13

I have the same question when I was starting and gaining nothing but I have learned that I can make fast earnings though small scale profit. This can be achieved when buy coins that have smaller value at lowest price possible and in volume so once you get a chance to sell it even at a low profit but repeat process. Small profit when the market is slow or digits are bloody red can be cumulative and will at least sum up to something when put together. But it is always important to learn the coins, market flow. And when the market is back on its peak, you will be an expert and earn bigger as you go along.

gunungkembar

member

Activity: 576

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Quote from: worldtraveller321 on February 28, 2018, 10:12:05 PM

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?

daily trading does not seem too effective because if you do daily trading will be a lot of risk to get stuck at high prices and the benefits you get just a little I prefer for long term trading.

yojodojo21

full member

Activity: 420

Merit: 171

It seems to be a whole day work if you just don't do day trading wisely, seeing the market a day without red color is a miracle, but everytime leading cryptos having menstruation, altcoins are there to say hi, Try me, put some effort to me, and dump me if ever my value get's red. that's what day trading is. Somehow i really prefer Holding Coins than Trading But Trading is mindful game, You bet I win or you lose.

Sadlife

sr. member

Activity: 1400

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Day trading is very tricky and risky nowadays in the volatile market because you have to monitor the price charts to know when is the perfect timing to buy and sell this is really time consuming but can be really profitable or can result on loss. Only people with experience and knowledge about trading can earn profit even in red they anaylze candle charts and fundamental news to make trade and earn.

myworkstrade

member

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Day trading is for expert trader who knows the basic to advance way of trading they also know charts reading this cgart or by fundamentals the news. It is profitable and with high risk od trading volality is present in day trading its really quick gain but quick wipe out or loss also. Before you do this you need to study hard resaerch as many you can and practice first to avoid any difficult soon. Good luck

boboking

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Activity: 224

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Quote from: Hemady17 on March 01, 2018, 11:10:44 PM

Quote from: worldtraveller321 on February 28, 2018, 10:12:05 PM

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?

Day trading is very effective and profitable business if you have the following;

1. Skills and talent on trading
2. You have group support around you during trading
3. Experience in trading
4. Patience
5. Determined to learn and grow
6. Got lot of capital
7. Full concentration

These are some of the ingredients you need to become successful day trading. But even you have this it will not guaranty your success but will increase your probability of winning.

I agree except on the number 6, well it will help you a lot if you have a big capital but it is not needed. Real skilled day traders can make their capital grow really fast.

Professional traders just make sure that within a week or months they will have a profit because you can not win all the time. You will win some trades and definitely you will lose some trades.

For the OP, this is where you will find skilled traders when the market is bearish and they are still getting profit.
Candle charts alone is not an effective way you also need some indicators to predict.

Hemady17

member

Activity: 505

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Quote from: worldtraveller321 on February 28, 2018, 10:12:05 PM

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?

Day trading is very effective and profitable business if you have the following;

1. Skills and talent on trading
2. You have group support around you during trading
3. Experience in trading
4. Patience
5. Determined to learn and grow
6. Got lot of capital
7. Full concentration

These are some of the ingredients you need to become successful day trading. But even you have this it will not guaranty your success but will increase your probability of winning.

alendel0n7

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to effectively trade intraday need a good base, and it is determined by a lot of experience and diligent self-education.

iMark

sr. member

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Quote from: Indrawan77 on March 01, 2018, 08:25:21 PM

Day trading is only for professional that already got a lot of experience and for the people that got a lot of time to study the market, for beginners I don't suggest day trading, day trading can be really profitable if you got the skills, but most of the time people lost money in day trading, day trading is too stressful for me

yeah agree I think there is a special requirement to be fulfilled before day trading, you have to have skills, extensive knowledge of the crypto market, and experience. because in daytrading you have to really take advantage of the best opportunity possible, buying and selling at the exact time of the day, there may be a lot of cutlose, but most traders are already accustomed, that day could be a profit or loss

Dreamchaser21

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Quote from: Indrawan77 on March 01, 2018, 08:25:21 PM

Day trading is only for professional that already got a lot of experience and for the people that got a lot of time to study the market, for beginners I don't suggest day trading, day trading can be really profitable if you got the skills, but most of the time people lost money in day trading, day trading is too stressful for me

Newbies should focus their mind on making money over time because some of them think that they can really earn easily without doing proper education. Day trading is effective if you know how to deal with the market, but again its more risky compare on buying and then later on sell when the target price reach.

surfinonmyownwavebaby

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It can for sure be effective, but the problem arises for most it isn't an option. This could be for a lack of resources in computing, funds, skills, or connections even. If you lack in any of these departments it can hurt your chance to become a day trader.

Indrawan77

hero member

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Day trading is only for professional that already got a lot of experience and for the people that got a lot of time to study the market, for beginners I don't suggest day trading, day trading can be really profitable if you got the skills, but most of the time people lost money in day trading, day trading is too stressful for me

worldtraveller321

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The Quest of the Best Information to the Solution

would day trading would also be similar to just taking a coin like ETh and buy and selling it back and forth to USD?

canaveralnonie

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Well for me, there are no pattern in system analysis and chart reading. Sometimes, there are some person than saying those kind of word just to have a topic to be discuss. I think, that is coincident only. Trading is just gambling, you didn't know what will happen next after you trade, don't know high or low, profit or loss, job well done or disaster. Strategy and a little bit of luck is needed. Good luck folks.

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