Day trading, is it worth? | Bitcointalksearch.org

Sinjokubhi

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Sinjokubhi

Quote from: tvplus006 on March 22, 2021, 07:56:52 AM

Quote from: Peaceandlove! on March 22, 2021, 06:24:29 AM

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle ....

If you do not have the knowledge and experience, then using day trading you will definitely lose your deposit. In such cases, it is better to stick to investing for the long term, leaving the minimum part of the deposit to gain experience in day trading, while simultaneously gaining knowledge about trading.

Yups, knowledge and experience that need to be emphasized and be the main thing. Because if we try to trade without this, what else we are doing is day trading, it will be very detrimental to you as a trader. It is true what he said, you better invest it for the long term and start learning to trade with a small deposit (small capital), or you can use the previous demo account to try it out directly. Because you will be in trouble when you lose part of your deposit, don't let you also lose your entire deposit. How to recover your lost deposit, if you are not at all experienced in this matter. No one can guarantee it will come back, not even someone who can, will be in trouble if they lose their capital. If we have lost our capital, we will start to panic, and it is not good to continue trading because, what we have in mind is how to get the capital back. Calmness and accuracy are needed to trade, if we panic it will make our risk of loss will increase.

bandungan

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Quote from: tvplus006 on March 22, 2021, 07:56:52 AM

Quote from: Peaceandlove! on March 22, 2021, 06:24:29 AM

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle ....

If you do not have the knowledge and experience, then using day trading you will definitely lose your deposit. In such cases, it is better to stick to investing for the long term, leaving the minimum part of the deposit to gain experience in day trading, while simultaneously gaining knowledge about trading.

maybe a mentor is needed because if there is no daily or long-term trading mentor it will still be the same as losing. So I think mentors are influential as well as setting our patterns for trading.

conected

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Quote from: bandungan on March 29, 2021, 05:22:52 PM

Day trading is better than long term trading, why?
everyone has a different choice, but for myself I prefer trading with small profits but running well every day than having to wait for big profits but it takes a long time. i have such a principle, so, day trading woth it

- Prerequisite is that it has to run well every day but not too many people can trigger this condition every day because the concept of profit per day is more difficult than you can imagine, the weather of this market is not always good every day, the target you choose for today will not be your target for tomorrow, more precisely, every time you profit from one altcoin today, you will have a very hard chance to harvest that altcoin tomorrow, you need another altcoin. Over time, this war will force you to expand your range of options, some altcoins may be easy but too many altcoins will carry a high risk of risk.

manul888

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Due to the tremendous volatility and the 24-hour trading environment, it seems very difficult for part-time investors. Do your guys recommend using the robot trading system?

yohananaomi

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Quote from: bandungan on March 29, 2021, 05:22:52 PM

Day trading is better than long term trading, why?
everyone has a different choice, but for myself I prefer trading with small profits but running well every day than having to wait for big profits but it takes a long time. i have such a principle, so, day trading woth it

the decision to make a clear trade that determines is yourself. it must be believed that what is done is the best. I really appreciate what you do to make small trades but they go well, as long as they are done consistently I think the results will be profitable too.

but now, bitoin has done things that are not usually done that so far the connotation of bitcoin is a long-term investment, but that has started to shift since last year, there have been additional short-term investments as well.
since last year the movement of bitcoin per day can increase and decrease quite high if we do daily trading we can be sure to get a good profit.

bandungan

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Day trading is better than long term trading, why?
everyone has a different choice, but for myself I prefer trading with small profits but running well every day than having to wait for big profits but it takes a long time. i have such a principle, so, day trading woth it

Yamifoud

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Quote from: Mahanton on March 29, 2021, 02:52:32 PM

Quote from: Fredomago on March 29, 2021, 02:01:31 PM

Quote from: Viscore on March 29, 2021, 08:46:43 AM

snip...

Following that concepts, trading is not for everyone as it said thhose who are good in executing their position and get a good outcomes are realy excelling from this venue of investment,

While if you are not getting the same results even you really trying to work it out for you only indicating that this business is not for you,
in case of day trading where the risk is much higher.

Identifying your capabalities is really important, it's worthy to those who understand the process and it's not to those who keeps on losing due to very huge market movements becuase of heavy volatility.

Trading isnt really for everybody but doesnt mean that you would completely stop when you do fail in first few tries because trading cant really be just able for you to learn everything with a short span of time and it would really be taking some years with lots of trials and error before you can say that it isnt really working for you after all.When we do talk if its worth or not then its no doubt that this one is the most commonly
been targeted out for us to take grasp.We know the opportunities that it can give which can really make someones life even more better if you do it right.Money making wont be a problem even though it wont be
constant but at least you would really be still ending up to be profitable in the end of the day.

Well, it takes time to develop and can't be just an instant. But if we are still not improving and the result is getting worse, we better have to stop it and let go from aiming to become a trader. In many cases that it happens and we can say to ourselves that we are not destined to become a trader, not like them. Not all failures have a negative impact but I consider this as a tool to tells us that there is another opportunity that awaits and really for us.

Mahanton

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Quote from: Fredomago on March 29, 2021, 02:01:31 PM

Quote from: Viscore on March 29, 2021, 08:46:43 AM

If I will say YES, do you believe it?
I know it won't until such a time that you will try it and find the results. If you wanted to have a concrete answer, much better to try it by yourself and that to know as well if trading is really meant for you or not.

We know for sure that trading isn't for everyone and that might also include you or even me. That is why if somebody claims that trading is profitable for him, he actually good for trading. And to accept that it possible we are not good as him to say that trading is worthy.

Following that concepts, trading is not for everyone as it said thhose who are good in executing their position and get a good outcomes are realy excelling from this venue of investment,

While if you are not getting the same results even you really trying to work it out for you only indicating that this business is not for you,
in case of day trading where the risk is much higher.

Identifying your capabalities is really important, it's worthy to those who understand the process and it's not to those who keeps on losing due to very huge market movements becuase of heavy volatility.

Trading isnt really for everybody but doesnt mean that you would completely stop when you do fail in first few tries because trading cant really be just able for you to learn everything with a short span of time and it would really be taking some years with lots of trials and error before you can say that it isnt really working for you after all.When we do talk if its worth or not then its no doubt that this one is the most commonly
been targeted out for us to take grasp.We know the opportunities that it can give which can really make someones life even more better if you do it right.Money making wont be a problem even though it wont be
constant but at least you would really be still ending up to be profitable in the end of the day.

death69

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It is worth day trading because you can earn a huge amount of money after a week or ever after 2-3 days. The method here is to control yourself and your emotional. Trading with emotion is risky because you do not know whether you are going to become thoughtless and make a big trade that destroy your balance

Trading is everything. You unconsciously learn your attitudes in your life and when you apply to your life, you find that it is quite interesting. Therefore, make your life thrive and abundant. Then, you can understand the concept of being disciplined with a bold mind.

Good luck Cheesy

Fredomago

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Quote from: Viscore on March 29, 2021, 08:46:43 AM

If I will say YES, do you believe it?
I know it won't until such a time that you will try it and find the results. If you wanted to have a concrete answer, much better to try it by yourself and that to know as well if trading is really meant for you or not.

We know for sure that trading isn't for everyone and that might also include you or even me. That is why if somebody claims that trading is profitable for him, he actually good for trading. And to accept that it possible we are not good as him to say that trading is worthy.

Following that concepts, trading is not for everyone as it said thhose who are good in executing their position and get a good outcomes are realy excelling from this venue of investment,

While if you are not getting the same results even you really trying to work it out for you only indicating that this business is not for you,
in case of day trading where the risk is much higher.

Identifying your capabalities is really important, it's worthy to those who understand the process and it's not to those who keeps on losing due to very huge market movements becuase of heavy volatility.

bitgolden

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Quote from: blockman on March 29, 2021, 05:11:00 AM

Day trading is stressful and that's not good if you're always bearing stress in your day-to-day activity. You have to choose whether you're very much fond of day trading. It's worth it when you're making money and you're getting used to it. But you don't have to do it all of the time if you're only getting stress in exchange for making money if you're used to it. In the end of it, you choose, get a daily stress but you're making money or choose to be an investor and you're getting stress only when the market's down.

I am not really that stressed in my day job, I am lucky like that because I used to work in a business where even going to toilet was a very difficult thing, I had to find someone to cover for me to go to bathroom break, so that means there were times I couldn't find anyone and had to hold it in, and that's just inhumane if you ask me, that's why I quit. Now I am a freelancer and I am living the best years of my entire life, it's the greatest work ever, and I have zero stress. But you know what?

I still have a lot of stress whenever I trade, it's something that I can't stop, my heart beats 2x more than usual, clicking on those buttons make me scared like hell and that's why I do not really end up just purely investing most of the time. I still do trading here and there small time but most of my money is in holding and I am not touching that, only using like 10% for trading so that I can feel at ease about it.

Viscore

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Live with peace and enjoy life!

If I will say YES, do you believe it?
I know it won't until such a time that you will try it and find the results. If you wanted to have a concrete answer, much better to try it by yourself and that to know as well if trading is really meant for you or not.

We know for sure that trading isn't for everyone and that might also include you or even me. That is why if somebody claims that trading is profitable for him, he actually good for trading. And to accept that it possible we are not good as him to say that trading is worthy.

blockman

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Quote from: cyriljundos on March 29, 2021, 03:47:08 AM

long term investment is good also as youve done it . holding your investment for long time may result to gaining higher profit if you choose the right coin. short day trade is effective also in trading, gaining small amount per transaction but it is profitable, short trade is quite stress but for the sake of profit its okay.

Day trading is stressful and that's not good if you're always bearing stress in your day-to-day activity. You have to choose whether you're very much fond of day trading. It's worth it when you're making money and you're getting used to it. But you don't have to do it all of the time if you're only getting stress in exchange for making money if you're used to it. In the end of it, you choose, get a daily stress but you're making money or choose to be an investor and you're getting stress only when the market's down.

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Quote from: Peaceandlove! on March 22, 2021, 06:24:29 AM

Hello guys, how are you?

It is nice to meet you!

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle Cheesy

, however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:

Since then I have read studied books/watched videos and I come to conclusion from Socrates: I know that I know nothing.

My head is spinning from all of the information and I am lost because I really don´t know what path should I take. (don´t get me wrong I don´t want to switch out from trading, I made my promise and I am trying to reach out to people who are more experienced than me).

I am talking about the path of naked charting/indicators/patterns.

After all, I know this may sound silly as hell, but I truly believe in a reality where we have traders who make on consist basis between 10%-20% in a month.

If anyone can share their strategy, I am one ear.

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?

If anyone could explain their strategy on day/swing/scalp/position you will make my day

At least I tried it Cheesy

Have a beautiful life, peace and make them gainz!

long term investment is good also as youve done it . holding your investment for long time may result to gaining higher profit if you choose the right coin. short day trade is effective also in trading, gaining small amount per transaction but it is profitable, short trade is quite stress but for the sake of profit its okay.

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Quote from: Hypnosis00 on March 28, 2021, 04:38:42 PM

That is why we better know first our capabilities before risking our money in trading and to know that there is no joke in trading.

Trading should be done with proper training and experience. It all can be learn by ourselves if we are really discipline and determined enough to do it since it's really worth the effort, the money and time when we are able to really trade in actual and determined coins to trade. It's a continuous process and progress there is always room to develop everytime we trade.

Hypnosis00

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Trading is worth it for those people who know how to trade but for those who never understand it and never have to learn to trade, it was an easy and quick end in your money. I suggest not to do it if you don't have any knowledge about trading and that you think of yourselves as an emotional person because that only be the reason for your failure and losses. Because in reality, not all traders had come and tried had succeeded, I can say that many of them get back from where they come from.

That is why we better know first our capabilities before risking our money in trading and to know that there is no joke in trading.

Miike

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Day trading as earlier asked is really worth it especially, when you are ready tobknow more than you know and also to know how the market is doing because for some nations or countries , It is only day time that the influx of persons to trade are more available in the market than any other time.
Trading on Cryptocurrency really requires an in-depth knowledge ooon so as not to jeopardize the chance of making cool cash when the need may arise. Having said that, there is need for one to fully monitor it to know how the fluctuations look like.

Ziskinberg

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Quote from: finaleshot2016 on March 28, 2021, 03:24:09 PM

If you don't have a deep understanding of the market and are only making meaningless assumptions, I found day trading to be difficult. Another thing I've found is that we should have a big capital in daily trading so that we can comfortably benefit even though the price increases by 3%. A small investment in day trading would actually waste your time, as we will lose money on occasions if we make mistakes. Often, a thorough understanding of the TA; there are a slew of indicators that can be used, but they'll be useless if you use them incorrectly.

That capital really matters in day trading, the more you have to start, the bigger possible to gain, that what I think and I am right?

I've tried to start at $100 for trading and I was seeing the result isn't really good enough. Anyway, that was not already the intent to engage fully in trading but maybe, if we are thinking that we are suitable and really good at trading, that will be the time to add some more.

Having the capital of $500, that to believe is really enough to make good money in trading in less time.

finaleshot2016

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If you don't have a deep understanding of the market and are only making meaningless assumptions, I found day trading to be difficult. Another thing I've found is that we should have a big capital in daily trading so that we can comfortably benefit even though the price increases by 3%. A small investment in day trading would actually waste your time, as we will lose money on occasions if we make mistakes. Often, a thorough understanding of the TA; there are a slew of indicators that can be used, but they'll be useless if you use them incorrectly.

Quote from: DoublerHunter on March 28, 2021, 02:56:30 PM

Quote from: qwertyup23 on March 28, 2021, 02:27:59 PM

Depends on the capital that you are willing to invest in day trading.

Generally, prices of cryptocurrency changes every single minute of the day without any notice. Some traders took advantage of this volatility and they engage into day trading. While it may seem tempting, the guaranty of profit is not absolute as the loss is directly proportional to the money you invest.

I remember I read an article about day traders as they lose 97% all the time and the successful day traders earn as big as someone who works as a bank teller. So, if you are willing to risk huge amounts of capital, then expect big winnings/losings at the same time.

^ I disagree with your statement here.
Gaining profit in day trading is not about the capital, it is all about the knowledge and skills that you had for perfect market price analysis.
For me, it will depend on your experience + skills + knowledge = profit, if you have all of these, then consider day trading is profitable enough for you because the chances of losing are very far on your side once you know that you are good into it. Nevertheless, it does not have a guarantee that all of the time you get profit in day trading.

True, but errors happen all the time, and it's impossible to guarantee that you'll enter the market correctly. Getting a low or negative daily PNL will remain as long as you trade daily. Not everyone is skilled at trading, and deciding the right entry can be challenging at times.

Davism

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Quote from: Peaceandlove! on March 22, 2021, 06:24:29 AM

Hello guys, how are you?

It is nice to meet you!

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle Cheesy

, however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:

Since then I have read studied books/watched videos and I come to conclusion from Socrates: I know that I know nothing.

My head is spinning from all of the information and I am lost because I really don´t know what path should I take. (don´t get me wrong I don´t want to switch out from trading, I made my promise and I am trying to reach out to people who are more experienced than me).

I am talking about the path of naked charting/indicators/patterns.

After all, I know this may sound silly as hell, but I truly believe in a reality where we have traders who make on consist basis between 10%-20% in a month.

If anyone can share their strategy, I am one ear.

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?

If anyone could explain their strategy on day/swing/scalp/position you will make my day

At least I tried it Cheesy

Have a beautiful life, peace and make them gainz!

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