Day trading, is it worth? - page 3. | Bitcointalksearch.org

stomachgrowls

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Quote from: blockman on March 25, 2021, 04:57:29 PM

Quote from: Findingnemo on March 24, 2021, 04:57:30 PM

Quote from: blockman on March 24, 2021, 03:50:15 PM

And it ends up being an investor is a better choice than to day trade. I myself am an investor and found it better than day trading. But there were times that I did day trade and that seems to be a good day but many were bad days too.

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month. Lips sealed

That's right, your long time profits can eventually be moved in day trading if you're not careful enough to protect it and will allow your own emotion to move you.
I think that's a better idea if you're having fun but you're also thinking of the good return as you trade but no pressure at all.

Secure everything while you still can when it comes to profits and when the time that you are already just re-rolling or re-investing on the profits that you had made and able to make another profits with that

then i can say that this kind of trading is somewhat a less stressful than into those times that you are still struggling on getting ROI into your initial capital.Thing here is that you shouldnt really rush up on reaching out that
certain goal of yours because once you do have that pressure in mind then it would surely reflect into your actions.

Finding day trading to be worth is something that only yourself could prove out because not all would really be fitting out into this kind of trading method.It isnt something
that everyone could handle so better test out for yourself and find it out.

blockman

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Quote from: Findingnemo on March 24, 2021, 04:57:30 PM

Quote from: blockman on March 24, 2021, 03:50:15 PM

And it ends up being an investor is a better choice than to day trade. I myself am an investor and found it better than day trading. But there were times that I did day trade and that seems to be a good day but many were bad days too.

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month. Lips sealed

That's right, your long time profits can eventually be moved in day trading if you're not careful enough to protect it and will allow your own emotion to move you.
I think that's a better idea if you're having fun but you're also thinking of the good return as you trade but no pressure at all.

Rana590

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Quote from: Swopon on March 25, 2021, 01:00:43 PM

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Yes, in day trading, a lot of crypto knowledge and experience are needed if anyone wants to cut good amount of profit from it. Though it is risky but if you are professional, then making money is so easy there. We shouldn't try to make huge amount within a single day.

matchi2011

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Quote from: Swopon on March 25, 2021, 01:00:43 PM

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Enough knowledge should be the very first thing before trying your luck in this kind of trading, the volatile nature of this market
will make it more harder if you are such a beginner.

Though to those who have good knowledge, the chance of rinsing the market for the best outcome is much better than those
who doesn't have any idea from what they've doing, make sure to assess your winning chances first.

conected

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Quote from: tvplus006 on March 25, 2021, 11:36:10 AM

Quote from: Om.monata on March 25, 2021, 10:16:47 AM

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

Day trading requires more time from the trader than long-term trading. And if you can not always be in front of the terminal, then this type of trading is not suitable for you. And as practice shows, traders earn less in day trading than those who invest for the long term.

- Unfortunately, investors tend to show off their personal skills and expertise in the day of trading, their dynamism makes them feel unsuitable for waiting, their profit perspective differs from long-term investors. Each one has a personal style and pursues a passion that is true but the fact that we are just small fish, this huge market is not for us, instead of fighting every day to bring more wounds and recovery started to slow down, why are we not flexible in waiting and attacking, it is better to keep quiet to make big money than to pick up small coins every day

Swopon

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Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

tvplus006

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Quote from: Om.monata on March 25, 2021, 10:16:47 AM

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

Day trading requires more time from the trader than long-term trading. And if you can not always be in front of the terminal, then this type of trading is not suitable for you. And as practice shows, traders earn less in day trading than those who invest for the long term.

Findingnemo

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Quote from: michellee on March 25, 2021, 08:16:55 AM

snip~
The only way for day traders to prevent the loss is to learn every day to analyze the market. By learning more about trading every day, you will know the coin pattern while searching for the other coins, which can be the potential to give you a profit. Yes, day trading is hard, but that is worth trying and learn more analysis to find what coin will work best for you. If you think that your trading time does not work for you, you can leave the market for a while to see if the market's moving will be good in the next few hours.

Bitcoin or any crypto never follows any patter, we assume that it is supposed to move based on the candle sticks and indicators but if it move in that way most of the time then day traders would be world's richest persons in this world but it will not happen since we are talking about day trading not, short or mid term trading.

Om.monata

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based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

michellee

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Quote from: Findingnemo on March 25, 2021, 06:31:59 AM

Quote from: isaac_clarke22 on March 24, 2021, 11:29:06 PM

Quote from: Findingnemo on March 24, 2021, 04:57:30 PM

Quote from: blockman on March 24, 2021, 03:50:15 PM

~

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month. Lips sealed

This.
Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience.
I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well.
Few hours can ruin all your profits of a month? Yes, indeed. I felt that.

Conclusion is the day trade is profitable but not consistent so you are going to lose and win which makes everything null but you are wasting money on fee and resources and also time which itself a complete loss when we realize that why we should avoid day trading.

The only way for day traders to prevent the loss is to learn every day to analyze the market. By learning more about trading every day, you will know the coin pattern while searching for the other coins, which can be the potential to give you a profit. Yes, day trading is hard, but that is worth trying and learn more analysis to find what coin will work best for you. If you think that your trading time does not work for you, you can leave the market for a while to see if the market's moving will be good in the next few hours.

Findingnemo

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Bitcoin = Financial freedom

Quote from: isaac_clarke22 on March 24, 2021, 11:29:06 PM

Quote from: Findingnemo on March 24, 2021, 04:57:30 PM

Quote from: blockman on March 24, 2021, 03:50:15 PM

~

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month. Lips sealed

This.
Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience.
I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well.
Few hours can ruin all your profits of a month? Yes, indeed. I felt that.

Conclusion is the day trade is profitable but not consistent so you are going to lose and win which makes everything null but you are wasting money on fee and resources and also time which itself a complete loss when we realize that why we should avoid day trading.

Vivek Malik

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AlphaDayTrader

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I am a day trader.
1.check 15min and 4hour
2.check MACD
3.check MA20,MA60
4.most important, calculate press and support.
I use a AI calculator to find press and support.

electronicash

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Quote from: Renampun on March 25, 2021, 02:28:50 AM

are you sure about day trading!!!
believe in me is very difficult. I have tried to be a day trader but the busyness of the real world makes it difficult for me to make a profit from it. being a weekly or monthly trader is much more enjoyable and does not interfere with activities in the real world.

if you stay on derivatives, it will be good to be a day trader granting you know how to read 1hr chart or maybe 15min chart. yes it's worth earning day trading, everyone wants to earn until you caught up when the trend is against your bet.

it's safer to just buy BTC wait until it goes up and sell and then buy again when the price dips. this is safer because the BTC you bought will not be affected by the leverage.

AicecreaME

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Quote from: bolawin on March 22, 2021, 07:50:39 AM

i hear RSI is good indicator

Every indicators in trading is good, to be honest, that's why it's there. The only thing you need to do is to find the one that you understand easily. For me, Fibonacci + TSI + MACD works pretty well. My advice is always make your chart as simple as possible, like you can easily spot the convergence zone, divergence zone, etc. etc...

Because the fault of some traders are they putting a lot of indicators in their love chart believing it would be more effective and they will make easy profits from it, but the sad reality is no. They are just making everything complicated for them, that's why most of the time they are missing their chances to make profits in day trading.

Renampun

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are you sure about day trading!!!
believe in me is very difficult. I have tried to be a day trader but the busyness of the real world makes it difficult for me to make a profit from it. being a weekly or monthly trader is much more enjoyable and does not interfere with activities in the real world.

isaac_clarke22

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Quote from: Findingnemo on March 24, 2021, 04:57:30 PM

Quote from: blockman on March 24, 2021, 03:50:15 PM

~

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month. Lips sealed

This.
Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience.
I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well.
Few hours can ruin all your profits of a month? Yes, indeed. I felt that.

Wexnident

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I don't take loans, ask for sig if I ever do.

Whenever I try day trading (Every now and then), I tend to choose around 3-4 coins in which I just check whether corrections would happen or not and play around with that. I don't particularly read too deep into candles and charts, I just buy low and sell high (aka its all my assumptions of when the "low" happens and when the "high happens). I just tend to take profit whenever I can, no matter how small so that I don't go too deep and lose all my money cause of greed. Profit is pretty small, yes, but well, at least it's profit right? That's what matters imo anyways.

MCobian

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Of course day trading is very feasible and can make a lot of money. The problem is that day trading is not for everyone, meaning that not
everyone is compatible with day trading and can make profit from day trading. We can all check for ourselves whether it is really suitable
for us to do day trading or not. By trying to do day trading for one month, then if we manage to get a profit of 10% -20% it means that
we deserve to do day trading. But before doing day trading, make sure we are able to analyze the market correctly.

Ziskinberg

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Quote from: Ridwan Fauzi on March 24, 2021, 06:38:05 PM

But something bad happened to me when bitcoin price was trying to decrease (I realize now that it was a temporary correction). I loss a lot of money at that time because when bitcoin was tryinh to fall I will use the cut loss so as I'll not get a huge loss. But, the strategy is wrong, I got panicked when its price is fall whereas that is a temporary fall. Then I realize that this way will not make stand for long time and I bought a lot of trading book and learn everything about trading and greatfully the difference in losses is less than I get profit.

Panic can be felt if we are emotionally brag by the news and FUDs. This a reason why I just ignore them rather than concentrate on the market chart and understand that market correction will come anytime. And if can't control this feeling, trading isn't the right place for you to stay, I'm not sure as well if holding could give you some room knowing that your emotions can simply give you in trouble.

Topic: Day trading, is it worth? - page 3. (Read 919 times)