Day Trading for a Living? - page 4. | Bitcointalksearch.org

Barbut

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Quote from: Triffin on November 13, 2019, 10:13:20 AM

Quote from: Lecam on November 11, 2019, 03:39:23 AM

Quote from: diazepam666 on November 10, 2019, 01:26:12 PM

Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

Bounty hunting is different in day trading they are not the same because bounty hunting is you can go and join signature campaign. Day trading can make a good profit once you know the strategy in trading you can earn money everyday. In bounty is join to campaign and wait for your salary when they give it to you. So its not the same bounty and trading are different.

Bounty campaigns as the word campaigns indicates are some marketing plans or similar things that usually offer you some good money in order to work with them whereas on the other hand, trading is where you work for yourself. There is no one paying you on monthly or weekly basis for doing trading. You make profits simply by applying strategies that you have learned and keeping an eagle eye on coins.

What a conversation! Do you people even know what you wrote here? You are high ranked members on this forum, but still, none of you knows the basic things about day trading and bounty campaigns. You should really spend some time learning before you start posting this crap! Honestly!
I wonder did you try daily trading, did you try to trade at all!?

Triffin

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Quote from: Lecam on November 11, 2019, 03:39:23 AM

Quote from: diazepam666 on November 10, 2019, 01:26:12 PM

Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

Bounty hunting is different in day trading they are not the same because bounty hunting is you can go and join signature campaign. Day trading can make a good profit once you know the strategy in trading you can earn money everyday. In bounty is join to campaign and wait for your salary when they give it to you. So its not the same bounty and trading are different.

Bounty campaigns as the word campaigns indicates are some marketing plans or similar things that usually offer you some good money in order to work with them whereas on the other hand, trading is where you work for yourself. There is no one paying you on monthly or weekly basis for doing trading. You make profits simply by applying strategies that you have learned and keeping an eagle eye on coins.

NewRanger

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Quote from: akmal1984 on November 12, 2019, 10:34:59 AM

I think crypto trading is safer now than a year ago. This could be an alternative to replacing trading using fiat currency. Because prices are more stable in the market. So there is an opportunity to get profit even with a small amount. Try to look at the price of doge for example, from day to day tends to be stable. So why not try it by trading doge / btc or doge / usd ...

it has less risky if compared with another trading Investment.but to do that we have to analize chart carefully so our trade have good result.in this year price manipulation decrease alot than on 2017 when all cryptocurrency price rise extremely,but unfortunately in this moment many people trapped in peak price.for day trading there are many coins that have good volatility in 2 or 3 days,this is good opportunity to take.maybe we could earn around 5% from this movement.

Clement Kaliyar

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Quote from: Swordsoffreedom on November 10, 2019, 05:23:28 AM

You need to have relatively large amount of cryptocurrencies to be able to live from trading. If you have $1000 or less, it will be difficult to get enough profit. Even if you spend half of it ($500) on some trade and the coin goes up by 5% which is not bad, you would make only $25 profit.
Better option is leveraged trading (for example on BitMEX). It means that you look for smaller swings in price and your profit multiplies with leverage multiplier. So if you choose 10x leverage, wait for only 1% raise and you will get 10% profit on your stake. It involves more risk though. You can also lose your entire balance if you position gets liquidated.

If you have a relatively huge amount of money then you know very well that trading cannot be considered as a way of living but an investment with a regular job or a business, you cannot make any profit if the sole profit is to make profit on a small window of time, leverage trading is one of the riskiest form of trading and if someone is seeking it as a source of income then they are bound to end up in trouble.

akmal1984

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I think crypto trading is safer now than a year ago. This could be an alternative to replacing trading using fiat currency. Because prices are more stable in the market. So there is an opportunity to get profit even with a small amount. Try to look at the price of doge for example, from day to day tends to be stable. So why not try it by trading doge / btc or doge / usd ...

karanggatak

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I don't do daily trading because I think it's very risky and we also need to focus on seeing the development of the crypto market every day. and I don't have much time for that. because I have a real job that requires a lot of time so I prefer to make long-term investments rather than daily trading. and in my opinion, daily trading also cannot be considered a main income because the market is very volatile.

BartS

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Quote from: Swordsoffreedom on November 10, 2019, 05:23:28 AM

You need to have relatively large amount of cryptocurrencies to be able to live from trading. If you have $1000 or less, it will be difficult to get enough profit. Even if you spend half of it ($500) on some trade and the coin goes up by 5% which is not bad, you would make only $25 profit.
Better option is leveraged trading (for example on BitMEX). It means that you look for smaller swings in price and your profit multiplies with leverage multiplier. So if you choose 10x leverage, wait for only 1% raise and you will get 10% profit on your stake. It involves more risk though. You can also lose your entire balance if you position gets liquidated.

I really believe that is what small traders are doing already, they realize they will never get the profits they want even with the huge swings of this market and they are using leverage to increase their profits, what they do not seem to realize is that no strategy is perfect and you cannot win all the time.

You are going to suffer losses from time to time and if you cannot endure it then the chances that you lose your capital are 100%, and yet this simple observation seems to be beyond the comprehension of most new traders.

Lecam

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Quote from: diazepam666 on November 10, 2019, 01:26:12 PM

Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

Bounty hunting is different in day trading they are not the same because bounty hunting is you can go and join signature campaign. Day trading can make a good profit once you know the strategy in trading you can earn money everyday. In bounty is join to campaign and wait for your salary when they give it to you. So its not the same bounty and trading are different.

Wexlike

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Quote from: dodgrad on November 10, 2019, 02:01:41 PM

Quote from: diazepam666 on November 10, 2019, 01:26:12 PM

Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

You can't compare trading to bounty hunting. Trading is a game with other players on the market, and bounty hunting is performing tasks for a reward.

I tried day trading many times and unfortunately without good results. Of course, I managed to earn many times, but unfortunately they were not the amounts that would allow me to make a living from it.
I think there are too many bots on the market and unfortunately with them is impossible to won. I think it is more real but still very difficult to look for a chance for arbitration.

At the end of the day, personally I like how things are going right now. We are in the middle of a "healthy" pullback from the micro blow off top we had last October. We'll either find support at around 8.5k (the .5 fib retracement level) and bounce, or we won't and we'll pull down further. In which case, I'll consider putting a long term long with 3x leverage on Bybit. The RSI isn't oversold enough for me to consider doing this yet, but if it does reach that levels then I'll accept a long getting eaten up by funding fees for a bit.

And now that we had this wonderful pump, we can enjoy the start of the week together.

dodgrad

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Quote from: diazepam666 on November 10, 2019, 01:26:12 PM

Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

You can't compare trading to bounty hunting. Trading is a game with other players on the market, and bounty hunting is performing tasks for a reward.

I tried day trading many times and unfortunately without good results. Of course, I managed to earn many times, but unfortunately they were not the amounts that would allow me to make a living from it.
I think there are too many bots on the market and unfortunately with them is impossible to won. I think it is more real but still very difficult to look for a chance for arbitration.

diazepam666

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Trading and bounty hunting both are same.

These both are really waste of time to invest the fund and we people should not waste our time in day trading. Partially we can invest in trading and learn something. If the luck is in your side, it will be helpful for you.
Else you need to look for other option.

Mahanton

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Activity: 2730

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Quote from: Triffin on November 10, 2019, 11:42:22 AM

Quote from: logicgate on November 08, 2019, 10:05:44 AM

Quote from: LouVandetta on November 06, 2019, 06:49:57 AM

Quote from: Renampun on November 03, 2019, 03:25:51 PM

doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.

Indeed, I tried to be a day trader but sometimes it needs more time before I take the profits. The alts that I've bought were kinda slow, so I can't really say I'm doing daily trading. I take the profits every other day or weeks.
Not to mention not everytime that I have good days, sometimes it had its bad days.

It's a really tiring thing to do, by watching the market movements for hours a day.

This is the major reason I am not inclined towards day trading. It pushes you towards restlessness and distress. You need to sit in front of your laptop all day long in order to make sure you don’t miss any chance of cashing out profits since the market of altcoins changes within minutes and usually altcoins are used for day trading. I will suggest you switching to popular altcoins and bitcoin for great results.

I have almost same issues with day trading. It is really tough for job holders to adopt this mode of trading for making some decent money as it requires a lot of time and concentration. Even if you are giving time but distressed or tired, you will definitely miss the points of withdrawal. I am in favor of doing long term trading with bitcoin and Ethereum since they offer nice profits without any stress.

It depends though yet not all people do had that kind of hectic schedule even to those who do have jobs do make some active trades knowing that accessing trading platforms
arent really that hassle anymore as long we do have our own mobile and internet connection.You can trade on the go and checking out actively your current orders.
Time and hard work is crucial and profitability would always vary on how you do seriously trade off since not all people do have the same mindset and decisions when we do trade.

Triffin

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Quote from: logicgate on November 08, 2019, 10:05:44 AM

Quote from: LouVandetta on November 06, 2019, 06:49:57 AM

Quote from: Renampun on November 03, 2019, 03:25:51 PM

doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.

Indeed, I tried to be a day trader but sometimes it needs more time before I take the profits. The alts that I've bought were kinda slow, so I can't really say I'm doing daily trading. I take the profits every other day or weeks.
Not to mention not everytime that I have good days, sometimes it had its bad days.

It's a really tiring thing to do, by watching the market movements for hours a day.

This is the major reason I am not inclined towards day trading. It pushes you towards restlessness and distress. You need to sit in front of your laptop all day long in order to make sure you don’t miss any chance of cashing out profits since the market of altcoins changes within minutes and usually altcoins are used for day trading. I will suggest you switching to popular altcoins and bitcoin for great results.

I have almost same issues with day trading. It is really tough for job holders to adopt this mode of trading for making some decent money as it requires a lot of time and concentration. Even if you are giving time but distressed or tired, you will definitely miss the points of withdrawal. I am in favor of doing long term trading with bitcoin and Ethereum since they offer nice profits without any stress.

Swordsoffreedom

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You need to have relatively large amount of cryptocurrencies to be able to live from trading. If you have $1000 or less, it will be difficult to get enough profit. Even if you spend half of it ($500) on some trade and the coin goes up by 5% which is not bad, you would make only $25 profit.
Better option is leveraged trading (for example on BitMEX). It means that you look for smaller swings in price and your profit multiplies with leverage multiplier. So if you choose 10x leverage, wait for only 1% raise and you will get 10% profit on your stake. It involves more risk though. You can also lose your entire balance if you position gets liquidated.

wajik-tempe

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Quote from: Cheesus on November 10, 2019, 04:08:56 AM

Quote from: BitcoinHunt3r on September 15, 2019, 10:19:49 PM

I never can do day trading. Because sometime i lose and only a few times get profit. Maybe i will trade like usually traders did. Like it is ok to hold until get profit although not aim daily profit. Actually to manage my mental is really hard. But will be harder if i aim and make target daily and push it. Maybe it is right when people said that each person have their own strategy in trading.

Same thing happening with me nowadays. Day trade seems very difficult because you can't be sure what is gonna happen with your coin as the crypto market movements are not stable! Within a few minutes, the Bitcoin price can be down over a thousand dollars! I am doing a short time trade. Recently I joined a paid signal group, honestly, after years, I found a true signal group!

Most proferssional traders are not just living with cryptocurrency trading, because the price of cryptocurrency is really speculative and it's hard to do a stable profits each day.
Some daytraders who living just by trading usually from trading countries currency and stocks, because they can't only rely with cryptocurrency trading because too risky. And also even joining paid signal groups will not guarantee you to get stable profits each day, trust me.

Cheesus

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Quote from: BitcoinHunt3r on September 15, 2019, 10:19:49 PM

I never can do day trading. Because sometime i lose and only a few times get profit. Maybe i will trade like usually traders did. Like it is ok to hold until get profit although not aim daily profit. Actually to manage my mental is really hard. But will be harder if i aim and make target daily and push it. Maybe it is right when people said that each person have their own strategy in trading.

Same thing happening with me nowadays. Day trade seems very difficult because you can't be sure what is gonna happen with your coin as the crypto market movements are not stable! Within a few minutes, the Bitcoin price can be down over a thousand dollars! I am doing a short time trade. Recently I joined a paid signal group, honestly, after years, I found a true signal group! But yet that is not enough for living with the crypto trading.

yulionoo

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in my opinion daily trading is only suitable for people who have been in the crypto market for a long time, are experienced and have large capital. and some of them I think already have great wealth and assets. so that when trading and experiencing losses they will not be confused with money for daily needs. and for a beginner on the crypto market it is better not to trade because it is very risky. better to make long-term investments.

jossiel

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Quote from: barabarian1 on November 07, 2019, 05:21:13 AM

I don't want to earn any income from trading

First time of hearing that someone whom doesn't want to earn with trading.

Quote from: barabarian1 on November 07, 2019, 05:21:13 AM

I will use it to invest in bitcoin for a long time.

But isn't it when you sell bitcoin, you have traded it for fiat?

logicgate

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Quote from: LouVandetta on November 06, 2019, 06:49:57 AM

Quote from: Renampun on November 03, 2019, 03:25:51 PM

doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.

Indeed, I tried to be a day trader but sometimes it needs more time before I take the profits. The alts that I've bought were kinda slow, so I can't really say I'm doing daily trading. I take the profits every other day or weeks.
Not to mention not everytime that I have good days, sometimes it had its bad days.

It's a really tiring thing to do, by watching the market movements for hours a day.

This is the major reason I am not inclined towards day trading. It pushes you towards restlessness and distress. You need to sit in front of your laptop all day long in order to make sure you don’t miss any chance of cashing out profits since the market of altcoins changes within minutes and usually altcoins are used for day trading. I will suggest you switching to popular altcoins and bitcoin for great results.

barabarian1

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yes, I agree with your opinion if the majority of people who trade daily experience defeat. I myself do not have a dream to work with trading every day to live. I don't want to earn any income from trading, I will do other work if I think I will get income. from the income that I get, I will use it to invest in bitcoin for a long time. because I predict that the price of bitcoin will increase in the future. in my opinion investing in bitcoin is a dream that can make life better in the future.

Topic: Day Trading for a Living? - page 4. (Read 3872 times)