Topic: Day trading, the very beginning - page 3. (Read 819 times)
If you're beginners hoping for a huge return in a day this is not for you, coz in crypto you need alot of patience and need a lot of time. But if you can risk a single amount of money to make a trade then try to read the chart and most probably the fundamentals of cryptos coz we all know the market is very volatile. So make a reading a habit most of the time. Day trading is risky but if you are very good trader then you can make alot of profit on marging trading.
Day trading is very hectic, you need a lot of skills & experience to succeed in day trading. No issue everyone has to start from somewhere better if you start with a small amount and test your skills and gain experience about the movement of charts & crypto market. Day trading can make you frustrated if you lose your capital so at least learn the technical skills that bring you some profits. There are a lot of resources on the internet you can also find courses on udemy.
Indeed, it requires someone who is really active in monitoring market conditions and selecting coins and tokens carefully. Not every person can do it, because most of them lose capital when they start and force them to hold the coin longer to get it back. It's only for people who dare to take big risks. 
If you have a lot of time to spare then you can try day trading. One important thing about day trading is your goal.Set a goal and once you hit your goal whether its a goal to sell or buy, stick to it. Greed will always be a factor in trading specially in day trading because there are times when you see the trend is going up, you will have this thinking that you want to wait a little more to earn more, thats why you need to stick to your plan.
At the beginning, i would suggest you go for long-term trading, as you are not experienced it wouldn't be suitable for you to do day-trading. First, start trading for a longer-period of time, as you gain experience you can do day-trading and make profit too.
Day trading can be done at a good and high rising market prices of every crypto coins. That's a good suggestions to do trades for longer terms as part of the growing progress of each holdings we have. Just study day trading using few amounts of your assets and don't use it with bigger amounts, because you will potentially loss it in a long run due to lack of knowledge.
At the beginning, i would suggest you go for long-term trading, as you are not experienced it wouldn't be suitable for you to do day-trading. First, start trading for a longer-period of time, as you gain experience you can do day-trading and make profit too.
If you have plenty of time to watch the price then day trading will be good but if we can't manage to look on the price every now and then to see the price it can get at that day then better do holding then sell at time you think you earn. Too long holding sometime leads on lose so always keep you coins track.
Day trading is very hectic, you need a lot of skills & experience to succeed in day trading. No issue everyone has to start from somewhere better if you start with a small amount and test your skills and gain experience about the movement of charts & crypto market. Day trading can make you frustrated if you lose your capital so at least learn the technical skills that bring you some profits. There are a lot of resources on the internet you can also find courses on udemy.
At the beginning, i would suggest you go for long-term trading, as you are not experienced it wouldn't be suitable for you to do day-trading. First, start trading for a longer-period of time, as you gain experience you can do day-trading and make profit too.
Actually doing day trading is so difficult wherein not recommended for beginners especially if market is not stable, but it's up you if you're really interested on it. By the way try to make some research some tips around the internet to obtain knowledge, or on YouTube which very helpful for step by step tutorials maybe a big help, but i suggest always to check the comments as well to assure those tips is certain. Because most now around internet even on YouTube are not experts and had no enough experience when it comes trading. Wherein just claiming only their selves as an expert but not their own strategies, .
Book for trading i think it is already on some book store, and you can try learn trading on youtube. But still, it will hard without practice, so when you practice make sure you use a little amount of money first to get experience,then you increase your capital to make sure if your mental already prepared for that.
You do not even need to start going to stores to start buying books on trading as there are so many resources online where strategies on how to trade, the knowledge of some of the indicators for most day traders and how you can use them to make decisions and then some other ways you can manage risks as the case may be.The only thing here is that a lot of people are always too lazy to access it and they just prefer the rushing in strategy instead, and the last time I checked, if you rush into something without learning and practicing pretty well, the possibility of rushing out the same way is certain.
Don't leave it to luck. Come up with good strategies and back fill them on historical data, then dry run them on real market data for a while.
Hello! Trading is a game of opportunities with random outcome. There is no a single strategy that will provide you with 100% iron clad signals. This is why it is better to avoid day trading and concentrate on midterm trading using appropriate money and risk management system.
This is not a very good idea. It cannot make you many money if you day trade. It might costs you a lot if you don't have the idea in trading. So, becareful on what you trade for.
I would add that this is the most risky way of trading. Intraday cost much money already to many traders. It is better to use higher timeframes.
Don't leave it to luck. Come up with good strategies and back fill them on historical data, then dry run them on real market data for a while.
For Day trading we need little more experience because day trading is not an easy job to predict the prices within a short period of time. We need to be very optimistic to trade according to the market ups and downs otherwise you will be in big loss. As you are saying you are a beginner and be careful with the market situation.
Daily trading seems like you can do it when the market conditions are busy and of course you should be able to have a lot of capital to be able to find a lot of profit from utilizing the price movements of coins that are in circulation that day.
Make sure to include social signals in your trading. What I mean by social signals is when the founders or other influencers post about your coins, take that into consideration and act FAST. Never be greedy when it comes to trading on social signals.
Make sure you're following all of the coin's social media. You can profit massively this way!
Make sure you're following all of the coin's social media. You can profit massively this way!
this is good but not on its own because these "social signals" you are talking about are most of the times fake hype that will also fail to succeed in pumping. of course you shouldn't confuse them with the nonsense random people post.
for example a coin developer may hype his coin and release a bunch of stuff but it may not lead to any kind of rise. because the market is going the other way for instance or the coin was just pumped.
in short you should only take then as a small possibility that may or may not happen. then you analyze the market and charts to see how possible it is based on the ongoing trend.
More often social media signals are in vague statements that seems in safe side
Its a take your own explanation things that a newb usually got misinterpreted
Instead of relying on the signals, Learn from their materials
I've seen a lot of social media groups posting strategies that were helpful understand the markets
Hi guys,
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
day trading in fluctuating market conditions does not allow this to be dangerous to manage assets. Moreover, the SEC and ETF still have no clear news. if I become you, even if I have bigger asset. I will think twice about doing it. Its just because day trading have big risk
before start you should learn alot a bout the market you want to play. or it wil take all of your money
That's exactly what OP said, he's planning to do day trading but he will spend a month of learning how to done this thing well. Day trading is a very hard job, its easy to lose money their but your profit still not guaranteed. So learning must be done first before anything, and continue to know more about trading everyday. One month is not enough but at least you already know the basic things. Hi guys,
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
day trading in fluctuating market conditions does not allow this to be dangerous to manage assets. Moreover, the SEC and ETF still have no clear news. if I become you, even if I have bigger asset. I will think twice about doing it. Its just because day trading have big risk
Though You are here almost one year passed but you are new in the trade section, then I think you shouldn't be hurry to learn the trade. No books can help you to become a successful trader. You have to learn, you have to work hard to gain it. Be a successful trader is not easy, Investing in ICOs, minings are easier than Trading. That's why you have to spend a lot of time to learn about the crypto market price chart, market analysis and so on. Just Keep updating yourself about Coin listing, new even, or any news. These things will help you in trade.
Hi guys,
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
Many people still believe this is good time to get income on crypto market, don't you see the condition?. I'll not stop you to use any strategy on market but it will waste your time and hard work because there's no significant price move, from where you'll get income. Day trading is good but use demo account is better.
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