Topic: day trading - what's the catch? - page 6. (Read 7088 times)
BTC is so volatile -- real money is made trading the swings, not daytrading, IMO.
IF a trader knows how to use the indicators in the charts like moving averages, RSI, MacD and stochatics, it will be easy for them to forsee where the market is going.. its what they call bull and bear movement.
easy? not so much. give it a try yourself! i found trading quite difficult...
Exactly.
Even for those professional stock/forex traders lose badly from time to time.
the key is simply to have your wins outweigh the losses. i have heard for prop traders that 60% win rate is good to shoot for.
IF a trader knows how to use the indicators in the charts like moving averages, RSI, MacD and stochatics, it will be easy for them to forsee where the market is going.. its what they call bull and bear movement.
easy? not so much. give it a try yourself! i found trading quite difficult...
Exactly.
Even for those professional stock/forex traders lose badly from time to time.
how do you day trade, is it based on past prices? or speed on selling and buying on btc-e?
my favorite longterm setups are mostly based on geometric patterns and fibbonnaci ratios. not so much a day trader here.
how do you day trade, is it based on past prices? or speed on selling and buying on btc-e?
chart patterns, momentum, overbought/oversold indicators. poke around stockcharts.com.
how do you day trade, is it based on past prices? or speed on selling and buying on btc-e?
IF a trader knows how to use the indicators in the charts like moving averages, RSI, MacD and stochatics, it will be easy for them to forsee where the market is going.. its what they call bull and bear movement.
easy? not so much. give it a try yourself! i found trading quite difficult...
IF a trader knows how to use the indicators in the charts like moving averages, RSI, MacD and stochatics, it will be easy for them to forsee where the market is going.. its what they call bull and bear movement.
Have more luck betting on football if you do your homework.
what is day-trading?
Trading bitcoins on exchanges and trying to make a profit. I may be wrong.you mean like, if there's a difference between one exchange and an another one?
for example bitstamp 620$ and mtgox 615$
and you buy on mtgox and sell on bitstamp?
how can you know when the price is going up and down in the matter of 24h
it's seems to me like gambling, I'd rather put my money in a casino
You cannot know, only predict based on certain data. For example the past event 'silk road coins sold' could mean the price going down.
If you have an accurate model, you could have a good prediction - but it's still a risk.
i think its by pair or somewhat of currencies usd/gbp.
you have to also buy by pair. now thier chart have indicators which will tell you probability.. somewhat of mt4/5 software.
you have to also buy by pair. now thier chart have indicators which will tell you probability.. somewhat of mt4/5 software.
what is day-trading?
Trading bitcoins on exchanges and trying to make a profit. I may be wrong.you mean like, if there's a difference between one exchange and an another one?
for example bitstamp 620$ and mtgox 615$
and you buy on mtgox and sell on bitstamp?
what is day-trading?
Trading bitcoins on exchanges and trying to make a profit. I may be wrong. 
There is one catch, every day trader loose in long term.
Every one? I doubt it. From what I've heard, traders (like many other groups) tend to fall under a Pareto distribution of sorts, meaning that 80% lose, while 20% win. Similarly, 80% of one's profits tend to come from 20% of trades -- this, I know to be the case with me.
There is one catch, every day trader loose in long term.
Close to 100% failure rate. Learning to be poker pro actually has higher chance of success.
100%??
that can't be true
I mean, how volatile can the price be in 1 day
Enough to get you burn if you are leveraging, if not, well dont expect huge profits anyway, the swings are very weird sometimes.
There is one catch, every day trader loose in long term.
It is better to just buy and hold, than to day trade IMO.
There is one catch, every day trader loose in long term.
Close to 100% failure rate. Learning to be poker pro actually has higher chance of success.
There is one catch, every day trader loose in long term.
I've been watching the BTC for a month - it seems to go up and down for no discernible reason.
That is why its risky unlike in the FOREX market things happen and sudden changes in the market has reason like Non Farm payrolls.
have you ever tried trading forex? i got slaughtered, coming from a bitcoin trader's perspective. day trading bitcoin is $$. it's so robust -- anytime i'm wrong about going long, i just baghold. it always recovers. (just be careful with margin
)I've never actually tried bitcoin trading but I do trade with forex. And this is manually trading and setting up the indicators myself not EA.
Does bitcoin charts have indicators too?
Day trading is extremely hard with bitcoin considering there is no long term pattern. You might be able to see its direction in the next few hours but thats probably about it. Any news that comes out affects the bitcoin price but also it seems to go up and down randomly as well. If you can have a bit of luck you might be able to make a profit but in the long term its hard to keep making profits.
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