FOR DAY TRADERS! | Bitcointalksearch.org

bongiu

full member

Activity: 434

Merit: 102

Quote from: adzino on February 24, 2018, 10:45:01 AM

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

Day trading is actually more harder to execute than it looks. You will need huge capital to get started and make decent profit. You need to act quick along with the market movement. Any mistake will make you suffer a huge capital loss. Time commitment is a big deal over here. Without knowledge or experience you will most likely defeated. I never tried day trading since the amount of time and patience needed is out of my reach.

What do you consider "huge capital" I've also been wanting to start as a day trader but based on what I've read here today it kind of makes me scared Embarrassed

Also, what would be a good source of altcoin-trading knowledge?

TheAndy500

sr. member

Activity: 1232

Merit: 266

> CAMPAIGN MANAGER < https://t.me/TheAndy500

Day trading is a hard job. It requires a lot of time and knowledge. I think that at the beginning it is worth trying with cheaper coins. Possible losses will be small and you can check whether this type of trade is for you.

Rana590

sr. member

Activity: 1750

Merit: 267

At first you should know the basic rules of day trading. Day trading is not easy for everyone. There are more chance to loss capital. You shouldn't choice more than 5 coins at a time for day trading.

Adil Amim

full member

Activity: 238

Merit: 100

Basically daily trading is more beneficial, daily trading increase the net capital and the revenue is secured by day end. Day traders are very active, making many trades each day and the margin of loss is minimum. Day trading can be a part time or full time depending on the trader's strategy.

Xfactor06

member

Activity: 140

Merit: 12

Thanks for the replies guys. I guess i have to learn TA first, i know it will take time but it will be rewarding in the future. Thanks again, i hope i'll get a merit for those who think this post of mine is helpful esp for newbies like me.

Emperor of Man

hero member

Activity: 886

Merit: 510

Not a day trader myself, but every day trader I've seen have lost the game to his human feelings and the greedy nature. They don't make money, or if they get lucky and make money for 3 days, they lose it all in a stupid margin in day 4!

Maybe there are successful day traders out there who I haven't encountered yet, but if you want to become one yourself try to be in control of your greed and fear, and always start with test trading and small positions.

modtakels

member

Activity: 182

Merit: 10

It is really varies to your skills,if you are really a good trader and you can easily trade with technical analysis you could have 10-15% average gains daily.But if you dont have any background in trading ,you will have some problems and you could lose a lot,so i suggest get some skills first,learn the basic technical analysis so you could easily win your trades.

Imran1271

full member

Activity: 183

Merit: 100

i am now not a dealer by using any stretch of the creativeness... I purchase and preserve. however, if i was to day trade i'd virtually make sure i am going into each day mentally at +/-$0...which means normal is a new day. forget about the previous day. You pay attention approximately people dropping insane amounts of cash day trading?...it is from mentally wearing the day gone by into nowadays and doing precisely what you're looking to do. First rule to trading is get the emotions out of it... looking to swing for the fences with a "yolo" guess is nothing but emotion.

lucas_lewit

full member

Activity: 336

Merit: 100

If you want to be a day trader, at least you should have enough capital for trading. Indeed if we become day trader, the profit that we get will always come. If for income, it depends on the capital we use.

InGODweTrast3

full member

Activity: 560

Merit: 101

I think for this trade it is best to use classic and stable trading pairs, and also try to master the trade of the bot ...

makuhpal

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Activity: 256

Merit: 10

JOIN THE NEXT MEGATREND IN CRYPTO

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

Learn some basic technical analysis so wont be losing a lot of money with your trades,try to trade small amounts first if you arent not yet confident with your trading skills because you could lose anything if you trade without any proper knowledge,try investopedia because theres a lot of technical tutorials ther,usually i am trading only one coin per day and my average gain per day is 10-15%.

Fawad Escobar

newbie

Activity: 151

Merit: 0

Nice Thread
i am also being interested in day trading
read almost every comments
All i learn that u need alot of time
its stressfull
and its base on TA more than FA

My question is what Indicators we use in TA for day trade and what chart time frame.
please guide

cryptotitan

member

Activity: 210

Merit: 10

Your gains will depends on your capability if you have some technical expertise you get can 10-15% gains daily which is 300-450% average gain per month,but if you dont have any background in trading i suggest start learning the basic first so you wont be wasting your money and effort to your trades,learn technical analysis first so you can easily win every trades you have.

UNOE

sr. member

Activity: 791

Merit: 271

This is personal

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

The real question is do you have the time and the will to track the charts all day? Well not all day but yeah. Trust me it's frustrating to do that in long term looking.

xsaints128

full member

Activity: 420

Merit: 105

Day trading is for experienced people, it requires a lot of attention, time and hardwork. If you are new to it then you shouldn't be involved in many coins just start with a few of them so as to get some experience in the field.

Gelesko

member

Activity: 322

Merit: 10

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

I think the less you follow coins the better for you. Choose the most volatile coin, for day trading, if you know technical analysis and everything about the coin, I mean news on a curtain coin you trade with. Don't choose many graphs to look at (that will get you to loss) and don't forget the more volatile the coin is, the more chance that you will make mistakes and losses, so don't forget stop losses and take profits, make them short. No one will tell you such an information, how much they earn per day, as one day can be profitable, the other day loss, that's a silly question. So good luck, just choose the most volatile and follow it

Similificator

sr. member

Activity: 882

Merit: 403

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

Well, I sure hope that you really have thought this through well enough because clearly it is not as easy as what you think. This type of field required a lot of time and dedication from anyone looking to get into it. Not to mention all the knowledge and experience it requires from someone and that having or not having this can either be heaven and give you great returns or hell and rip you off of your capital and make you suffer big losses. So, I suggest you to just invest on sure coins if you have a good budget and use small amounts with your day trading plan as practice. Because I think that the risks in day trading is really not worth the gains you may get from it when you do not know that much about it yet.

Hope this helps you in any way, good day man.

Dolarin

full member

Activity: 294

Merit: 100

I'm too starting day trading and the first results made me happy. With a conservative strategy, even in the current market (the market is not very good for trading now), I earn 10% of the Deposit in month.

nakamote

member

Activity: 210

Merit: 10

WINSTARS - We are changing the face of gambling

Quote from: Xfactor06 on February 24, 2018, 10:27:04 AM

Hi guys. I really wanted to become a day trader to maximize my profits. Now, i wanna ask if how much do you earn in a day? How many coin charts do you usually monitor? Do you have a minimum charts to look at? Thanks

I am monitoring only one coin which has good movements everyday,and if you know what you are doing,technical and fundamental analysis will help you to have successful trades,an average trader could have easily get 10-15% gains daily but a marginal trader could have 300% a day but that is very risk because you could have a lot of gains but you can lose your investments in an instant too.

Lerikaweb

member

Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

take one or two coins first. This is how you will be able to find out how much time you need, how fast you can react and how well you can deal with stressfull situations. If you are okay, you may slowly start increasing coins amount.

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