Day Trading for a Living? - page 2. | Bitcointalksearch.org

clickerz

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Quote from: AakZaki on December 10, 2019, 08:29:49 PM

seems a little more difficult to do if you look at market movements like now, because what I observe every day price movements are always different, sometimes tends to go up and sometimes tend to go down. so if you do this kind of trading for life I think you will lose more money than profits. so don't ever make crypto trading, as your main job.

Indeed, the market seems gloomy for a moment but then if you have a big capital then maybe you can still have a good gain. But I cannot guarantee the profit here, because the risk involved is greater in my opinion in crypto. You can ay trade, yes but as a source for a living, I'm lukewarm on these but as a sideline or extra income is okay.

dirgayeah

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Day trading for a living ? hmm, this sounds like a dream for me. Grin

. is this like a trading course? and what method they use on that paper? hope it can be applied to any ppl including beginner.

AakZaki

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seems a little more difficult to do if you look at market movements like now, because what I observe every day price movements are always different, sometimes tends to go up and sometimes tend to go down. so if you do this kind of trading for life I think you will lose more money than profits. so don't ever make crypto trading, as your main job.

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Quote from: BartS on December 10, 2019, 12:08:00 AM

Quote from: Mahanton on December 05, 2019, 01:47:03 PM

A mindset should really be like this one.All things begin on being a noob and to enhance out yourself with trade then you would need to experience things up.
Living with trading is possible but dont expect to be constantly profitable on daily basis.There would always a time for you to lose and success will vary on how you do trade up.
This is why only a few who do able to maintain such thing and making it as a living and the rest? Are still trying out their best but when we do talk about possibility then its really there.

In fact a good day trader could trade the markets without having a losing day during their careers, I know this sounds impossible but think about it, if 97% of the traders are losing money when they day trade then that means that the rest are getting all the profits.

This means that for every successful trader there are about 32 losers, can you imagine getting those kind of profits daily? I can and everyone else as well which is why day trading is so popular.

No I don't think that is true. I agree with you that there is a very small percentage of people out there that can successfully daytrade but most likely they do have losing days. I am pretty sure the reason why they are able to make a living out of it is because they got a few winners, a few losers, a few break-evens, but they also got a few HUGE winners and never have any HUGE losers. And that's why they are able to stay in the game.

Most people are the other way around, they got a few winners, losers, break-evens, never have any large winners and have a few HUGE losers which cleans them out. Even my friends who trade the stock market cant make money when it keeps going to new highs every few weeks. They basically buy a stock, went it goes up 5% or so they sell. If it doesn't go anywhere they sell it at break-even and just lose the commission. However they never use stop losses so when a stock goes against them they just wait for it to go back up or worse they buy more to get a better average. And eventually since there is a strong bull market due to Trump they get their money back. But there will be a time when it won't come back and will lead to huge losses like losing 50% of your entire savings due to one bad stock trade.

BartS

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Quote from: Mahanton on December 05, 2019, 01:47:03 PM

A mindset should really be like this one.All things begin on being a noob and to enhance out yourself with trade then you would need to experience things up.
Living with trading is possible but dont expect to be constantly profitable on daily basis.There would always a time for you to lose and success will vary on how you do trade up.
This is why only a few who do able to maintain such thing and making it as a living and the rest? Are still trying out their best but when we do talk about possibility then its really there.

In fact a good day trader could trade the markets without having a losing day during their careers, I know this sounds impossible but think about it, if 97% of the traders are losing money when they day trade then that means that the rest are getting all the profits.

This means that for every successful trader there are about 32 losers, can you imagine getting those kind of profits daily? I can and everyone else as well which is why day trading is so popular.

Mahanton

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Quote from: Dr.Osh on December 04, 2019, 05:15:03 AM

Quote from: mirakal on December 03, 2019, 09:08:54 AM

Quote from: Wexlike on November 30, 2019, 03:19:29 PM

Quote from: Rana590 on November 30, 2019, 02:40:16 PM

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Not everyone are looking for fun, they look more on the profitability where they are comfortable doing it.

true, besides that very many people are looking for a profit through daily trading to meet their needs even though it's not worth it. besides, even though it's dangerous, and not everyone thinks this is fun.
However, even though trading is very risky for a beginner, but without trying it, a beginner can never be someone who is an expert. I think if you want to try it, try with a small nominal.

A mindset should really be like this one.All things begin on being a noob and to enhance out yourself with trade then you would need to experience things up.
Living with trading is possible but dont expect to be constantly profitable on daily basis.There would always a time for you to lose and success will vary on how you do trade up.
This is why only a few who do able to maintain such thing and making it as a living and the rest? Are still trying out their best but when we do talk about possibility then its really there.

Cacingkemi

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Quote from: Febo on September 15, 2019, 10:56:06 AM

Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.

not necessarily forever if someone who always conducts daily trading activities risks losing money more often than getting the desired profit, sometimes he has an expected target every day if he is focused and careful to always be able to monitor market movements to get small profits. because after all, of course he expects to get a little profit because he has the desired target rather than having to lose money.

BartS

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Quote from: Wexlike on November 30, 2019, 03:19:29 PM

Quote from: Rana590 on November 30, 2019, 02:40:16 PM

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

If you have the capabilities of making enough money in the market to sustain yourself with such ease that it is even fun for you then you are one of the few people that can become day traders without any trouble, but for the rest of the population what you are suggesting is incredibly difficult, maybe you do not understand this because it is so easy for you.

But for the rest of the people being able to get all the characteristics that makes a good day trader is simply something they cannot do.

bitzizzix

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It is not easy to become a daily trader for the current market situation and must really have full expertise, but that has become their demands because of what they have done and have become a choice and to fulfill their daily needs.
Although it is very risky whether they like it or not, they have to do it for their daily needs, and hopefully they always get good luck so that their lives are fulfilled.

kapalmabur

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Quote from: sayaya17 on December 04, 2019, 06:23:00 AM

In fact, daily trading requires a lot of skill and time to always monitor the movement of coins, otherwise a trader will lose his assets. In my opinion, living from daily trading may be for some traders who are truly skilled and have large capital. But for daily traders with little capital, it seems difficult because they have to divide the profits between to cover losses and take it for their daily needs.

with just $ 100 a day you can get $ 1 if you are skilled, but some people prefer to play stocks rather than crypto currencies, because in the stock market the risk is not too big, but the benefits are also not too much

suvo05

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Day trading is a big risk when you are doing it for a living. The crypto market is so unpredictable that one trader may keep continuing to lose money by taking wrong decisions. And if living is associate totally with the trading then the trader is putting risk on his family in almost a single day. That could possibly disturb his mental health also.

sayaya17

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In fact, daily trading requires a lot of skill and time to always monitor the movement of coins, otherwise a trader will lose his assets. In my opinion, living from daily trading may be for some traders who are truly skilled and have large capital. But for daily traders with little capital, it seems difficult because they have to divide the profits between to cover losses and take it for their daily needs.

Dr.Osh

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Quote from: mirakal on December 03, 2019, 09:08:54 AM

Quote from: Wexlike on November 30, 2019, 03:19:29 PM

Quote from: Rana590 on November 30, 2019, 02:40:16 PM

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Not everyone are looking for fun, they look more on the profitability where they are comfortable doing it.

true, besides that very many people are looking for a profit through daily trading to meet their needs even though it's not worth it. besides, even though it's dangerous, and not everyone thinks this is fun.
However, even though trading is very risky for a beginner, but without trying it, a beginner can never be someone who is an expert. I think if you want to try it, try with a small nominal.

mirakal

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Quote from: Wexlike on November 30, 2019, 03:19:29 PM

Quote from: Rana590 on November 30, 2019, 02:40:16 PM

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Not everyone are looking for fun, they look more on the profitability where they are comfortable doing it.

Trading with lack of knowledge is just going into a suicide mission and although they will risk a small amount, its still useless if they can't focus trading.
Actually, trading requires time and effort as you need to be fully updated of the recent news and analyze the price movement in order to make a good prediction, when you are too busy with your real life venture like if you have a job, you will not succeed in this and therefore long term trading is fit for you.

Wexlike

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Quote from: Rana590 on November 30, 2019, 02:40:16 PM

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Rana590

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Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

Savemore

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If you have day job and you are going to switch to become full time trader then don't do it. Trading requires a lot of time of studying and also a lot of experiences. Ask yourself if you can cover up your expenses through trading. Your money is at risks and increasing it through trading is not easy as you think.

BartS

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Quote from: KnightElite on November 29, 2019, 05:30:10 AM

If you want to become full time trader you should have other sources of income because if you do not have any other sources of income then you will be pressured to make money by becoming full time trader. What if you lose your investment? How you will pay your daily expenses? Consider the risks before you make a decisions.

This is something that many never consider when they decide to become day traders, the psychological pressure that you are going to feel when you are losing money in the markets is going to be many times greater than the pressure that a day trader with another job feels.

Because now you have no other way to make money but to beat the markets, something that is very unlikely because as we know the majority of traders never make any money, so anyone day trading as their main profession is taking a huge risk.

KnightElite

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If you want to become full time trader you should have other sources of income because if you do not have any other sources of income then you will be pressured to make money by becoming full time trader. What if you lose your investment? How you will pay your daily expenses? Consider the risks before you make a decisions.

onyek16M

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Quote from: jossiel on November 27, 2019, 01:38:28 AM

Quote from: andycarrol on November 27, 2019, 01:16:36 AM

Quote from: jossiel on November 26, 2019, 04:05:14 PM

Quote from: andycarrol on November 25, 2019, 09:41:37 AM

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

There are other altcoins that's way better to trade than bitcoin. I'm a bitcoin holder and I choose not to touch it and just let the other altcoins apply day trading. Doge and Litecoin are good candidates but if you're better in that strategy, continue.

nothing better I think, everything has decreased dramatically, except doge may be very stable with very low prices. What makes you say that both of them have good candidates? maybe ETH is better than both.
I don't really like to trade doge , it's very stable so quite difficult for me to daily trade and gets profit.

It's my opinion and those coins I think are good and just keep your bitcoins for holding. ETH might be better but I'm also treating it to keep the same as bitcoin. But with Litecoin and Dogecoin, I'm okay with them if I would have a bad trade.

That's fine if you don't like doge, I'm only telling my opinion and as I've said, in whichever coin you're doing better, go for it and keep it.

Doge not good for some people but for me doge is good for long term trade, i always see the chart by doge its follow bitcoin price when bitcoin increase high price, it happen doge too
i ussually buy doge in under 30 and sell it up to 60, take 50 percent but have to be patient because need long time

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