Topic: Day trading, is it worth? - page 7. (Read 947 times)

I'm glad to hear that, it means you've started a pretty good investment move. always stick to your strategy, and elevate it to a higher stage. Always use the latest information because you need referrals, so don't just rely on luck, market conditions are always changing.

don't let the start of your investing career go in the wrong direction. always investigate and analyze every move that occurs. Especially with day trading you need to be extra careful, because day traders will very often interact with price movements.

For day trade, you can not always close your trade everyday with profit. Sometime you have to lose it’s normal. But yeah if you turned the trade 2-3 days long then it may return a little profit.

Btw I my suggestions are

1. Follow what NeuroticFish already said
2. Don’t  invest all of your money
3. Don't  be panic to buy or sell
4. Try to buy the coins in 3 stage formula ( 1st buy then if go low buy again some, if more lower buy some again then wait for the average price.

Agree. Everything is a factor now.
You got a good background though. There are traders out there who doesn't have what you got.
Not that I am pulling them down but they lack resources. i.e. time and financial support. That is why they tried their luck in trading.
But you had the experience and learned a lot already.

Are you just doubting your capability now? I'd join groups if I were you. Maybe you just need a little bit of push again.
Good luck.

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.

In this bull market, buy and hold your coins with targets are 3x, 5x. After you take profit, choose other coins because the longer you stay in the coin you already take profit, the longer time you will be stucked at it. Price will need days or few weeks of corrections and if you stay, you can sell to cut loss.

If you want to do day trading, please wait for the bear market and use very small part from your profit in this bull market to experience day trading.

When the cryptocurrency market shows a bullish trend and many projects begin to develop very actively, it is still better to preserve not only your capital, but also your nerves by making profitable investments for a long period, and not engaging in day trading. In addition, day trading requires not only a sufficient amount of knowledge, but also a lot of time, because you have to constantly monitor the market, even if someone uses a stop loss.

You’re putting too much emotion with your trades, and this is also why many are losing money in trading and most of them stopped on trading. I’m not into day trading because of my work so I prefer a medium to long term trading which I can easily analyze the market on a larger time frame.

If you’re still not ready for day trading then don’t do it, just imagine how much you can make in medium to long term trade compare to day trading, again this is all depends on your strategy.

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.

If you have reached this point, you are doing super great, and I mean it!


I was lucky enough to stay on (a tiny) profit while I've "played" day trading, until the point I understood that I know nothing and that I'm doing it wrong. And I've stopped.
If you want to "continue the fight", be careful. There's something people keep telling and I find it very true: TA alone is not enough. TA alone can trick you very easily. You have to be connected to all the news and rumors, whether it's from crypto, or politics or finances. And then you have a chance. And never forget the main 3 rules:
1. Only play with money you afford to lose (eg. not credit money)
2. Stick to the plan (don't be greedy, don't panic, ...)
3. Always have a safety net (eg. stop loss)

Hello mate,  I think this is worth it right now I'm doing with a daily trade not too much capital but more risky it depends on the coin I want to trade but mostly I go in through Bitcoin and ethereum. I want to share that I'm using the Bollinger bands and the RSI just going for daily trade and also with the binance and using the isolated trading I easily manage the potential trade I want and the profit I need.

Also good to set a goal every time you trade and make a cut loss to avoid burning your funds. Good luck to your journey.

i hear RSI is good indicator

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:

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

Have a beautiful life, peace and make them gainz!