I just wanna know, do you trade using future market or spot market? What exchange that you use?
I began a trading jurney since 2019 ago, I directly tired a trading future because I always tempeted to get a lot of profit with the small using of course using high leverage (at least 15x leverage). Indeed, at that time bitcoin was starting increase and actually at that time I don't have any strategy, I just using my instinct to make a decision buy and sell. The lucky just came to me, I spend $50 and I got $500, a huge amount and I confident to be a day trader.
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.
Topic: Day trading, is it worth? - page 4. (Read 919 times)
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Few people will tell you the strategy they use, but I'll give you some tips (without revealing my strategies)
1 - spend at least 6 hours a day following the chart movement, preferably choose the pair BTC - USDT
2 - study technical analysis and preferably use the 15 minute and 4 hour chart
3 - observe the support and resistance
if you keep watching the chart a lot you will discover something very fantastic ( BTC - USDT )
good luck
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. 
I need to exchange however for the most part I go in through Bitcoin and Ethereum. I need to share that I'm utilizing the Bollinger groups and the RSI simply going for every day exchange and furthermore with the binance and utilizing the disconnected exchanging. On the off chance that it works better with you doing day exchanging, it will be worth if for you. Yet, dealing with day exchanging do surely have to invest bunches of time and energy worried on checking your resource.
Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.
I find it hard to do that in a single day or even two. That's stressful and needed much mental awareness for you to do it. Knowing that most of the people are on their homes, there's a likely that you can fail in many of those trades which won't allow you to reach even a 1% profit for that single or for two days.We cannot make money always, and in day trading is hard to achieve that daily profit since we’re lucky sometimes and most of the time, we’re struggling to make profit and this is what makes day trading a lot more risky. Day Trading is profitable if you’ll just compute your transactions every month and if you’re consistent on doing analysis before you trade, don’t expect to always win.
There's no difference if you're going to compute it daily or monthly, I think that's only for the projection which may look higher if you do it monthly. 
At least I tried it 
this is the most important . so what if you fail ? but atleast you tried it and you made a promise that you are going to conitnue this journey and with that , theres no need to question or to confuse yourself if you will continue in this path or not because already decided that you wanna be a trader .
i hope you can answer your own question if day trading is worth it because you already tried it but your going to answer that its not worth it because of your own result but its worth it for the traders that are succesful .
I know 100 dollars is nothing, if you go under that we are talking about even more nothing, but there are people who end up losing a lot of money. This is why I think it is quite obvious that there should be nobody who would end up spending ton of money for them and then be fine with it.
Hello guys, how are you?
It is nice to meet you!
Honestly...we're good as the market surging high making for another ATH. It is nice to meet you!
Day trading is really good for people who wanted to learn and patiently wait to develop their knowledge and skills in trading. To tell you that many individuals had come and tried trading but not all of them wins. Why? it is because they don't like the results of what they are doing.
You can say that some traders can manage to have 10%-20% monthly profit, but try to ask them how long (years) they have been doing this. You will probably surprise by their answer and suggestions.
Experience traders who have a lot of time commonly go for day trading because they know they have a certain knowledge of doing things such as reading charts, making patterns, and analyzing price movements of the Market.
Sure, go ahead and start day trading if you are have time and willing to take this seriously. Day trading requires a lot of concertation and understanding of the market. You will have to keep yourself constantly updated with the market. You will be making profits quick but a lot of risk comes with it. There might be days where you aren't making anything. Again, the sudden volatility might make you lose everything if you make one wrong move.
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
Have a beautiful life, peace and make them gainz!
Every people evaluates their trades in different ways depending on the situation of the market. You should keep trying and you will eventually understand how it works. Mimicking other peoples strategy won't get you anywhere. If anyone could explain their strategy on day/swing/scalp/position you will make my day
At least I tried it
Have a beautiful life, peace and make them gainz!
i often do daily trading. it's easier for me, compared to scalpers who have to continuously wait in a few minutes. day trades only buy and hold and the target will be higher.
I also day trade with Binance it quite less stressful and easier like you said, I always wait till an hour to new day when the next day candlestick is about to form, I will do price analysis using TA and scan through various trading pairs that meet up with my strategy, easy to trade but but scanning through the various numbers of pair is a little tasking and cumbersome before selecting few tradeable pairs, once a buy or sell placed I only monitor my trades once in a while throughout the day.
I'm learning as much as possible on day trading so I do watch some popular day traders movement. I studied the chart and respect others observation. In trading you should set your order, and as soon as it reaches the target leave it with taking profits. Day trader are taking advantage of the volatility, however each trader has their own fav approaches right. It's obvious gradually you're getting more comfortable.
Daily trading is actually good mate if you want to obtain quick profits. But remember that,, it's always depends on the coin you will pick to trade!. fyi not all coins in the market are suitable for daily basis .. So you should pick the good one always.. Because its very skeptical tbh mate, unless you have enough knowledge in it to handle every situation. And it's actually requires a lot of time especially when it comes monitoring the movement of the coin in the graph, 'cause that's the most important . so be ready your self and mindset if you want to be successful in it. I hope you got what I'm pointing out. Best of luck mate.
Hello guys, how are you?
It is nice to meet you!
Honestly...we're good as the market surging high making for another ATH. It is nice to meet you!
Day trading is really good for people who wanted to learn and patiently wait to develop their knowledge and skills in trading. To tell you that many individuals had come and tried trading but not all of them wins. Why? it is because they don't like the results of what they are doing.
You can say that some traders can manage to have 10%-20% monthly profit, but try to ask them how long (years) they have been doing this. You will probably surprise by their answer and suggestions.
Well, the best answer for that is it will depend on you though. Like if you know what you are doing, actively watching the market, you have a good indicator and such then daily trade will definitely be worth it. You could try it yourself so that you will know if it is suitable for you or not. Some people find it difficult even most of them lose on this kind of trade but some others find it easy. They could say it is worth it and they could say it is not. We all have different preferences in which we can able to earn as highest as possible. For me though, I am fond of spot and long-term trade, in this method, I find it very effective while others are not. To be honest, the only one who can answer your question is yourself.
At least I tried it
this is the most important . so what if you fail ? but atleast you tried it and you made a promise that you are going to conitnue this journey and with that , theres no need to question or to confuse yourself if you will continue in this path or not because already decided that you wanna be a trader .
i hope you can answer your own question if day trading is worth it because you already tried it but your going to answer that its not worth it because of your own result but its worth it for the traders that are succesful .
Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.
It's not impossible,, but you needed to have a deep understanding and long patience in finding good asset/coin to trade.
Most of the time because of volatility it's unavoidable to instead of earnings you'll lose it back as greed comes up, in a situation that instead of parking it up and quit for the day you decide to continue and trade again, a very mistake that most of time a cause of losing.
But if you have a good system and you can follow everything with no interference with your strategy, it takes time, but the outcome is really sweet when you discover/build strong foundations of your everyday trades.
in my opinion day trading is perfect for those who don't have a job or full time at home, because if you are already proficient at trading, day trading can be your job and make you a trader, yes in the spot market day trading cannot be determined, it will but day trading is perfect if you play futures trading.
That is if you are proficient at trading and each day you are doing a profit because if not then you will have a painstaking journey ahead for you. You have to weigh in everything in regards to day trading, your skills, the capital, and other avenues in which is much easier to earn a passive income stream. Try making other ways to make money to keep your hands off from your capital in case you need to spend it on some daily needs like food and hygiene. 
Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.
It's not impossible,, but you needed to have a deep understanding and long patience in finding good asset/coin to trade.
Most of the time because of volatility it's unavoidable to instead of earnings you'll lose it back as greed comes up, in a situation that instead of parking it up and quit for the day you decide to continue and trade again, a very mistake that most of time a cause of losing.
But if you have a good system and you can follow everything with no interference with your strategy, it takes time, but the outcome is really sweet when you discover/build strong foundations of your everyday trades.
in my opinion day trading is perfect for those who don't have a job or full time at home, because if you are already proficient at trading, day trading can be your job and make you a trader, yes in the spot market day trading cannot be determined, it will but day trading is perfect if you play futures trading.
Remember one more rule: invest only in reliable alts from the top list of Coinmarketcap or in BTC. When I started trading my experience was not much better than yours and day trading was stretching to a week holding before an appropriate moment to stabilize my profit could be found and then to invest again. You’ve already read a lot of info so knows much about trading. What you need now is to learn to analyze charts and you’ll become a good trader.
Having the goal of 1% profit margin for the every trades you are making will let you to double your capital in just 100 trades which can be done in a day or two but the problem is we can't expect the price to be increasing always so when price drops you lose the profits of all the trades means it is worth but highly risky.
I find it hard to do that in a single day or even two. That's stressful and needed much mental awareness for you to do it. Knowing that most of the people are on their homes, there's a likely that you can fail in many of those trades which won't allow you to reach even a 1% profit for that single or for two days.Jump to: