Topic: Day trading, its features. (Read 226 times)

Day trading is not that easy, as sometimes not all assets "tokens" have such liquidity to be able to earn on it (as you can not put the trades overnight). Otherwise, you need to analyse so many different assets, which is not easy as all of them takes quite a lot of time.
Another possibility is to trade with the leverage, which I would not advise, if you are just starting. On the crypto market, I would say the best way to trade is the middle term and without leverage or a small one. Learn few assets, which you understand and trade those, do not trade the ones which you do not understand. Read books and you will succeed, all takes time. so good luck in the long-term educational process.

Apart from knowing the basics of trading, it requires a lot of practice. While practicing , start with something low, so that if you loose at any point, you will be able to bear the loss easily. You would also need much courage to trade and be successful at it.

I think that day trading is the best way to find out more about btc and other coins, share experience with others and make new friends who can give valuable pieces of advice. I like the idea of day trading

i do not think that day trading is bad or that it is the perfect way to earn money? you need to know your possibilities and skills

trading is a good oppurtunity fo learn but you need to have cryptocurrency world as your main job to have a chance to spend enough time for ti

in my opinion day trading is too hard to be operated especially of ypu are not thinking of the cryptocurrency world as your main job

For long term always best choice bitcoin and ethreum for anyone but if you plan to make the money by short term you must check the worth of project or tokens.
Then only you need to go with the investment. Then feature wise trading has great opportunity to grow more.

I think that day trading is a good opportunity to share experience and knowledge, strategies that turned out to be winning in the crypto market. I think that this is the best way to enjoy trading

It's quite hard to trade in a single day, you will get stopped out quite frequently if you're on high leverage. 1 day timeframe worked the best for me, but you have to be patient enough. I was overtrading, and it didn't go well.

To start read the book Jack Schwager Technical Analysis Full course, it will give you a good idea about trading.

 You need time, patience and nerves of steel.  I traded for a long time on BTC-E, long before it was shut down and made out pretty well. I didn't make a lot of money but I was able to buy and sell FTC over and over again and eventually accumulated a nice little pile. 

 Start out slow, don't have all your money on a single exchange and learn from people that are willing to help.  You also may want to check out Twitter for crypto resources.

Hello,

What is?

A day trader is a trader who adheres to a trading style called day trading. This involves buying and subsequently selling financial instruments within the same trading day, such that all positions will usually be closed before the market close of the trading day.

What we need

By and large, you can work when and where you want to. You can structure your days as you chose, working from your office or home, of even when traveling. If you think of it as a small business, the initial investment in equipment ( good computer, one or more monitors, fast internet, and trading software) is relatively inexpensive.

Good

It provides ample opportunity to learn and test variety of trading patterns and technique, in relatively short time span. Time is a costly, non replenishable resource of man. Any method / gadget, which reduces the time required to perform / achieve a job / project, increases overall efficiency / profitability of man. All inventions are towards achieving the same.

Other Features

You'll develop your ownstyle, fast paced or easy going. Days when the market is highly volalite, you can take the day off or you can take a risk. Run errands, play with your kids, or go shopping with the money you saved by staying out of the market on a whippy choppy day.

You can live anwhere. If you decide to move to Sydney, New York, Prague, Moscow, just dismantle your electronic monster, pack them up, and you good to go. If you long to go skiing for a week and can afford it, take your account flat and go. As an active trader, you're independent and answer to no one but yourself. Forget reporting to a nasty boss. You can stay in bed when you have the flu. You don't have to wear a tie that chokes you or high heels that dislocate your back. You can trade in a T-shirt, shorts and flippers .

Bad

But you have to remember one think. Life of day trader is not just easy money and happy life. It is hard job and you need to be prepare for making hard decisions every day.

Thank you!

This My Idea

If you want to be serious about day trading then you should make a plan from the start and that plan should include at least a month of consistent studying with ZERO actual trading until you are ready to start applying some of what you have learned.  I know there are sites for regular stock trading simulations where you can practice without actually risking real money.  Not sure if the same can be said for crypto currency.  Although, it shouldn't be too hard to make some mock investments and track your own day trading while you are still learning.  In other words, pick a day/price and suppose you invested $100 in that stock... then go back over the history and see if you could have profited by selling at some point.

Use youtube and internet searches to learn about trading patterns and then choose the trading patterns that you think match what you would like to do. 

Day trading is  the same as night trading. The is just geographical location. Study the market well; Crypto trading is very good business. But invest wisely.

If you open coinmarketcap, you'll see that every coin has the opening and closing daily price. So the thing is to do buy-sell-buy at good prices. You may follow the charts at different markets. Mind your fees and good luck!))

To trade coins in crypto you must be smart to read the situation, the existing market developments and which coins are in good condition.
You must also be technically heard in the crytpo market. for you can choose a good coin from the market and can buy when the lowest and place a suitable price according to your calculations for a short time. That might make you more happy. Good luck.

Day trading can be streneous, leaving you with no time to do other things. Since I was already trading forex, I thought venturing into Cryptocurrency trading would be as easy. Well it isn't. I had to do a whole different level of reading and research. This article helped me too. You can check it out. Hope it answers some of your questions. You can also try googling also. Lots of materials there.

www.bitdegree.org/tutorials/day-trading-cryptocurrency/amp/

Day trading is a painstaking hard work, which does not always bring dividends. Therefore, before you do this, you must have sufficient knowledge in this industry, and also be cool.

Yeah that's what you think but day trading = loss most of the time and it is hard to make money on it. You need to put effort to look on to your screen every minute or hour just to know whether to trade or to sell then time consuming and most of the time stressful.

You have to technically sound in crytpo market if you want to day trade. You can select good coin from market and can buy when it will carry its lowest price and place good price for short time. That may make you gainer. best of luck.