Topic: Does a Day Trader work with cryptos? - page 2. (Read 240 times)

I think he still can not make active income profit from trading use strategy daily trading, that is why he asked does  day trading is work on cryptocurrencies, because as we know the trend of price is still down trend and there are no signal the price of cryptocurrencies will rise again at least in my personal analysis technical.

Day trading is very short-term trading, and it can mean holding an asset for just a few seconds, to a couple of hours. The idea is that you sell your asset before the end of the day, hoping to make a small, but quick profit.(Ray King)

Search for a coin that has great daily trading volume, and always be prepared to lose, don't expect an all win trade. be disciplined.

Sometimes yeah but i only spend the extra money i got from my trades and that coin will be random in term I'm checking my luck incase i win i wanna trust my gut from then on. I never trade everyday if i have so little money and also this applies to newbie traders don't go washing all your money everyday keep atleast once or twice a week.

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It got me very confused too. I think what he really meant is daytrade and not daytrader. Daytrading has been practiced in the past years not just in crypto but also in the stock market. It's only applicable for people who does have a lot of time.

Actually i don't understand what do you mean with day trading work with cryptocurrencies, it is just method and Yes day trading work with cryptocurrencies trading, but unfortunately we can make good profit if we use small of amount capital, will be better to use large of money if we want use strategy day trading because the fluctuation of price in daily trading is very low than swing trading,

For those who day trade it is possible to day trade with cryptocurrency because there are high profits in it only if you know and understand how to do it.

daytrading is very risky for new traders don't try to day trading you can try buy coins and hodle thats the best way i think.

rEally mate?one percent is enough for every pair in daytrading?what the hell because for me 5-10 percent is the lowest i must achieve if not i will include that coin in my folio as long term coin

But now that almost all of my capital rest in my folio maybe i should try your strategy,i might apply this on my daily work,thanks for this one i owe you

Day trading in crypto is more difficult to do than swing trading, but i also interesting to do because promosing high profit. I prefer to do day trading in MT4 platform that allow to make profit from buy and open potition. In MT4 also any features stop loss and trailing stop so possible to reduce the risk. Day trading is work in any kind of trading this is depend our strategies and trading plan.

I don't think that "regular" day traders do anything with crypto because it's too volatile and unstable for them.
On the other hand there are many crypto day traders. It's very profitable if you have enough experience.

There are some day traders on cryptocurrency market which these people arent just present on this market but also on traditional trading firms too like on forex and stock markets. People who do make day trades are the ones who are active on opening orders and closing in the end of the day. They do make outcome fast unlike on other type of traders like on swing or long term ones. The thing on here is that this is complex and way too risky because you are involving on short or fast pace trades which usually make use of lower timeframes.

Of course day traders work with cryptos, in fact, they would be stupid if they didn't. When trading stocks, you would be lucky if there was a +/- 3% variation within the course of a day, and for forex, it would probably be even less. When trading cryptos, even the most stable ones like Bitcoin, Ethereum and Litecoin can fluctuate by a range of over 10% in 1 day (+/- 5%) which makes it possible for you earn great profits if you're clever, and careful. Or if you're not so careful, or think that the price will go down, why not check out leveraged trading? It's a bit easier for noobs.

Yes but I think Day trading are fits for well-experienced traders and have lots of time to check the market, also you have a big capital to gained huge on your 10% profit on your investments.

I think it can if you have a very large stack and so something that follows more traditional technical analysis like ETH/USD or BTC/USD (in the sense of going short or long)... but alt coins are definitely not going to work in fud markets.  The risk/reward ratio on a day to day basis is pretty low (unless you're looking to scalp BTC drops for quick alt flips on mild recoveries and don't get too greedy).  Even still I think day trading in this market is ridiculous since these Bart candles started.. almost the exact opposite of the predictable happens every time on BTC/USD pair... printing a bull flag for some consolidation?  Bart candle down and then immediately spike up?  Head and Shoulders pattern? Bart candle straight up into a bull flag that then spikes down... Low volume symmetrical triangle?  Random 3000 btc order buy or sell on a 1 min candle on bitfinex.. Trading on margin? Huge spike up then spike down.. then consolidation pattern which breaks down instead of up, but then bear flags into a spike up.  I think anyone playing on a day to day right now is just guessing.. I think you could play the overall trend though and guess that this is reasonably close to the bottom... but playing in this small dumb zone is gonna get you rekt. Good luck and hope for better days.. I'd rather blow my money at Vegas if I'm gonna be gambling because at least then I'll get free alcohol

It doesn't matter now if you do day trading, you won't make any profit right now, you need the market to stabilise at a little before we can start day trading as doing so now will keep draining your funds and eventually you'll be left with nothing. If you want to take my opinion i would suggest don't day trade right now

There are plenty of people who day trade in crypto, you can definitely do that. However, please be aware that crypto day trading is high risk. Study well before you hit the market and remember to set your stop lost.

If you want more challenging trading , you can try day trader.
Trade harder get more profit but remember bitcoin still consider as volatile investment so make sure to prepare the worst !

For me personally, I see bitcoin as long term investment !

Maybe some day traders are successful in trading with cryptos, but base on my experience I always failed because it's hard to earn in day trading I think you should have strategy for trading to earn.

Yes day trading definitely works. Many investors do that, but day trading is very tough. Day traders need to have a lot of knowledge. They need to keep up on the latest stock market news and events that affect stocks. The process requires a trader to track the markets and spot opportunities, which can arise any time during trading hours. Don’t consider it if you have limited hours to spare. Moreover as the crypto market is a 24 x 7 market it requires you to keep constant watch over the market everytime which can be stressful at times.

That is why we have day traders in the crypto currency world but it is not suitable for everyone,only for the people who can spend more time in the trading then only they can make enough profits.

But I am not a day trader,I just look to do the long term trading with altcoins because this is just same effective with less effort.