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.
Topic: Day trading, is it worth? - page 5. (Read 947 times)
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. 
I'm personally actually learning to do day-trading, but probably it is not too significant. I only try to understand the market based on the chart and also information about the coin itself.
personally, I am not too familiar with technical analysis, yeah it needs more learning and also practice.
So far, my trading is to get even small profits, by scalping sometimes. It is no problem.
However, it is also important to pay attention to what coins we are using for day trading. Sometimes, every coin will be different every day.
That is why, I also differentiate between assets for day trading and also investment (at least short term)
personally, I am not too familiar with technical analysis, yeah it needs more learning and also practice.
So far, my trading is to get even small profits, by scalping sometimes. It is no problem.
However, it is also important to pay attention to what coins we are using for day trading. Sometimes, every coin will be different every day.
That is why, I also differentiate between assets for day trading and also investment (at least short term)
Hey mate, considering day trading has some strict rules to follow as long as you are constantly facing your device, what actually make people hate day trading is because they refuse taking their profit when due, a day trader accumulator of smaller amount of dollars for as long as he want to stop. In a rare sense, a day trader intention is actually to need be financially free and at least can afford what he want.
Day traders are one of the successful traders in the crypto space, in achieving this, the significant factor to know is to take profit, it doesn't really matter how much you get but the little dollar you make is achievable, never be a greedy fella trying to hit big from little amount, also bankroll management system should be ought most practiced so to avoid been drains of portfolio.
Day traders are one of the successful traders in the crypto space, in achieving this, the significant factor to know is to take profit, it doesn't really matter how much you get but the little dollar you make is achievable, never be a greedy fella trying to hit big from little amount, also bankroll management system should be ought most practiced so to avoid been drains of portfolio.
If you don't try it, there's no way to know it! I guess each of us is free to try day trading and to make some conclusions after that... the basic one would be is it or it's not for you!
I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!
- Well, the trial of a few days of engaging in intraday trading is also a good way to give a general feel about this method because as you say, the amount of knowledge and patience, and even each person's analysis, affects the outcome, which means that every day trader will face different problems, feelings will be inconsistent and we will find it harder to judge. Instead of looking at so many pathways, we should step straight into our own, we will feel most accurately about our reality and chances of winning in day trading I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!
It depends upon the individual if day trading will be suitable or will fit to him because there are traders who prefer day trading and others who do not. If it works better with you doing day trading then it will be worth if for you. But working on day trading do certainly need to put lots of time and effort concerning on monitoring your assets where you wish to trade with. If you are not that patient then day trading might not work good for you. Also, having prior knowledge as well as experience will be a great foundation for you if you really prefer day trading. If you lack both, better to think of it for a couple of times because if you will just keep pushing it through even it is not working, you will just be gaining losses rather than gains or profit.
I haven't tried it on Crypto, but I did on the stock market. Honestly, it's very hard if you don't know what you are doing. Just like others, you must know how to read indicators and have a little bit of luck. From my first time day trading I was happy every time I gain like $10 and it continued until it didn't. Apparently, I was just lucky back then and didn't listen to others. For Crypto, from what I understand there are alts that are considered to be for short-term or long-term investment. I mean, for example, BTC and ETH should be HODL'd as long as possible. Just make sure to do your own research and don't rely on what others are saying. Always give a benefit of the doubt. I am back now on day trading for this project and it's mostly red this past few days but I know that there will be better days. If you decided to do day trading, I wish you luck.
If you don't try it, there's no way to know it! I guess each of us is free to try day trading and to make some conclusions after that... the basic one would be is it or it's not for you!
I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!
I don't day trade, simply because I found that mid and long-term trades are more suitable for me and my strategies! I come to that by trying this and that... and it's how anyone should do, try this and that and find what works best for you!
Sometimes you need to do things and find answers, for each of us many factors are different. Just try to be careful with the money you have!
Its worth trading if you have big capital, you know how to read the indicators and you can wait for weeks to sell and wait when to buyback. Indicators are really going to make you predict where the market could go. I did trade with just $200 and in a good week, I can actually earn at least $20 waiting for the right time. Now if you have more capital, you could really make good money enough for your week's supply.
Speaking from experience I'd say it's not worth it, the only true winners of day trading are market makers and whales that can affect the market price with their buy and sell orders.
Instead of day trading which doesn't work for 95% of people, I suggest you to get better at discovering good projects and invest in them accordingly, in a bull market that crypto is in right now if you know how to do the research you can make a good money of it as long as Bitcoin stays relatively bullish, the good thing about investing is that you don't have to check out the price all the time and worry about short-term pull backs as the project you invested on/bought is not some random shitcoin and it has some decent chance of uptrend even in a not so bullish/green market or even on a bearish market.
Instead of day trading which doesn't work for 95% of people, I suggest you to get better at discovering good projects and invest in them accordingly, in a bull market that crypto is in right now if you know how to do the research you can make a good money of it as long as Bitcoin stays relatively bullish, the good thing about investing is that you don't have to check out the price all the time and worry about short-term pull backs as the project you invested on/bought is not some random shitcoin and it has some decent chance of uptrend even in a not so bullish/green market or even on a bearish market.
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.
Do you like to keep track of on chain analysis? When did you day trade have you used 1%trading rule, was it something else, or just play money? Thank you for your answer!:)
I do look for TA, I do check now and then historical data. Is that really on chain analysis? Maybe close to that, but not really. As I said, I check now and then to understand what has happened and what's next to be expected, but since I am not that good on them, I also rely on what this or that guy is posting.
Sadly the TA guy I liked the most was caught cheating a signature campaign with multi-accounts, got kicked out of campaign, and he didn't post since.
And I was "trading" with play money. I was trading with money gathered from signature campaign, not touching the money from the day job. And I was trading on the altcoins market.
It was with rather small funds, small margin and a lot of time and stress. It was good only as gathered experience, since it happened rather shortly after I've learned the basics of TA.
But day trade or something else depends on the tastes and knowledge of each trader, usually traders who do day traders join a paid group that shares signals.
Those who join such groups are gullible gamblers not day traders because none of these groups give you any valuable signal they just throw random information at their users among some small analysis but the main purpose is to fool newbies who join to buy the shitcoins they want to get pumped so that THEY could dump their coins and make money. 
I initially did day trades, but switched to middle or long term and I think this is much more profitable and safer, the reason why switching from day trade to new one is because day trades need more time to stay at PC to reading the chart movement and often it doesn't work according to the analysis.
But day trade or something else depends on the tastes and knowledge of each trader, usually traders who do day traders join a paid group that shares signals.
But day trade or something else depends on the tastes and knowledge of each trader, usually traders who do day traders join a paid group that shares signals.
Day trading for me based on my what I did everyday was really effective and gave a good earnings in terms of financials problem.
Particularly, we are facing pandemic where we need to stay at home most of the time due to we need to follow all the protocols on this.
So, my answer is a big YES for me.
Particularly, we are facing pandemic where we need to stay at home most of the time due to we need to follow all the protocols on this.
So, my answer is a big YES for me.
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
, however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:
I'm happy to say traders have good results of their works. For they are just a few of them make it well while the others get lost. But it find it wrong thinking that trading is really easy, Yeah, that was a tough job you do. 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
, however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:The bullish trend that we have now makes traders become profitable but when the market turns to bearish, that was the crucial part in trading where your patience could be tested. That was a big challenge for them and this is also the reason why many traders tried just gone after. Emotions are a hindrance to trading and that really hard to control no matter what we say we can but the truth is that we can't.
Day trading is worth it if you have a lot of time or full time in trading like trading for a living. Consider too the size of your portfolio because you need a good amount of capital for it since you are dealing with a consistent trading fee per arbitrage so it's important that you consider the size of your portfolio is huge to cover the trading fee.
I do day trading before and gain profit but when I compared when I just hold it, I have more profit when I just hold.
Day trading requires constant check. So instead, you could buy and hold for the long term as in today's bull market if you choose the right coin you can't be spoked by small market volatility. There are still a few alts out there that are far from their potential=, so plenty of room to grow. Be wise when choosing and don't get too hang up on feelings. I do day trading before and gain profit but when I compared when I just hold it, I have more profit when I just hold.
Day trading does involved sufficient time on dealing with the market but if youve decided to held up for long term then these things wont really be that much off needed. Day trading is worth of but
depending on someones time and the effort that they can give.This thing isnt something that can be achieved in a short span of time and still lots of people been trying
to get such skill.
~snip~
If you are going to do intraday trading you should also have a good plan so that you can react to market movements, it is always good that you choose an Exchange that you can place in the same order Take Profit + Stop Loss, that will protect you in a great way . Have you heard of Wyckoff's theory? at the Wyckoff institute there is a special one for Intradia.
I particularly recommend that you take a look to see if you like the way the market is analyzed with that theory, it is very good, it has a lot of information that is applicable to all types of markets, stock market, forex, Bitcoin, cryptocurrencies in general. I particularly recommend that you take a look to see if you like the way the market is analyzed with that theory, it is very good, it has a lot of information that is applicable to all types of markets, stock market, forex, Bitcoin, cryptocurrencies in general.
Btw. Guys thanks for all of the knowledge
. I wanted to respond to every one of you, however, it would mess the whole topic (which partially does, do apologize for it ).When you do like to respond and making up more further discussion then theres no such thing about messing up the topic.People would really be making out discussion or own opinions and
this is the sole purpose on why forum does exist on the first place.
Good for you that you do able to get some idea and knowledge about those responses above.If you do look that this one already answered out or do able to clear up then better lock
this thread.
For the topic on asking if day trading is worth it then yes it is but it wont really be that simple.
S/O to the group. Btw. what about you are you a day trader or swing/hodl?
Btw. Guys thanks for all of the knowledge
. I wanted to respond to every one of you, however, it would mess the whole topic (which partially does, do apologize for it ).When you do like to respond and making up more further discussion then theres no such thing about messing up the topic.People would really be making out discussion or own opinions and
this is the sole purpose on why forum does exist on the first place.
Good for you that you do able to get some idea and knowledge about those responses above.If you do look that this one already answered out or do able to clear up then better lock
this thread.
For the topic on asking if day trading is worth it then yes it is but it wont really be that simple.
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