how risky is day trading? - page 12.

Distinctin

hero member

Activity: 2926

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No dream is too big and no dreamer is too small

Quote from: cheezcarls on February 16, 2018, 06:46:54 AM

For me, I think it is very risky nowadays because cryptocurrency is an unpredictable market like traditional stocks. There's no way we might know if the next day would be a pump or dump, so day trading is something that newbies and average Joes are struggling.

As for the whales and pros in day trading, they are mentally prepared for all the risks that they are taking. The best way for you is to #HODL it until the price goes up to give you some enough profits before selling it.

As long as you know the risk you will be able to lessen it, you can make your own strategy to ensure that you will succeed in the end.
It's not easy to be a successful day trader but there are people who are already successful in doing it, therefore we should not lose our hope to be like them. The risk cannot be avoided, we have to face it.

cheezcarls

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Looking for gigs

For me, I think it is very risky nowadays because cryptocurrency is an unpredictable market like traditional stocks. There's no way we might know if the next day would be a pump or dump, so day trading is something that newbies and average Joes are struggling.

As for the whales and pros in day trading, they are mentally prepared for all the risks that they are taking. The best way for you is to #HODL it until the price goes up to give you some enough profits before selling it.

Firefirefire42

newbie

Activity: 5

Merit: 0

If you check coinmarketcap you will find out that some coins gain up to 300% or more just in one day. what does that show you. Day trading is still very active and popular among traders

cryptocurrencyguru

member

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Quote from: GavenJack on February 05, 2018, 03:18:51 AM

day trading is suitable for experienced traders. having a large capital. if there is no money then it is necessary to trade in the hour timeframe.
Well, if you just want to make money, then come here https://daneel.io/

It is not based on Money but it is completely based on the experience we have towards trading. Day trading should be traded by the people who have vast experience in trading but newbies cannot be profitable and they will start losing their money but either way we have to experience before trading.

Borisb52

full member

Activity: 462

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Given that the market of crypto currency is very volatile, then day trading is quite risky. You can buy a coin on the bottom and get a second bottom as a gift. But if you clearly adhere to the strategy of risk management, then the risks can be reduced.

Hemady17

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Quote from: kuronokishi10 on December 11, 2017, 12:45:55 PM

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

To give a picture how risky are being a trader only 1 out 20 is the success rate of normal trader. You have only 5% of chance of winning the trade this based on a study conducted from stock market considering it is more stable compare to cryptocurrency. So why become a trader if the risk your willing to go with is so big.

deppil

hero member

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Quote from: icecream sandwich on February 06, 2018, 10:25:25 PM

Quote from: kuronokishi10 on December 11, 2017, 12:45:55 PM

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

For me day trading is very risky especially when youbare just getting started to this kind of business in this kind of work you are gonna have a hard time before coping up to the right thing. And at first you are gonna lose some money especially when you are a beginner you do not know the basics it hard to blend it but if you are really dedicated you will win a lot of trafes and will win back all the losses you ever comit.

yeah for day trading you have to understand in detail about the price change on the coin, smart in reading market, (experience will teach it). in addition to expert skills, time allocation should also be a lot, that's why they dare to just rely on day trading for their earnings, because they spend the whole day in the market, it takes a high dedication to be able to profit every day in trading, the point is and it takes experience and skills,

barsharkol12

newbie

Activity: 197

Merit: 0

Bitcoin price is very unpredictable. You will never know the value of its price. Day trading is very risky because you will never know when the price of coin increases and loosen its value. You must be active always and you must observe the market. Also be careful of the scammers.

Ayiranorea

sr. member

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Leading Crypto Sports Betting & Casino Platform

Quote from: rejin29x on February 14, 2018, 04:42:41 PM

It is very risky because you do not know when does your coin loosen its value. And in some cases, some of the trading website are scammers to avoid this you must be careful off choosing and know the trading site before depositing money on it.

Each and every coins has got its value and fluctuates according to the market. At this point the user needs to be very active and needs good observation. Only with these continued process it is possible to predict the market to some extent. This helps in making day trading than just buying and selling on random manner.

kyle1921

newbie

Activity: 22

Merit: 0

Day trading is extremely risky. In crypto I would imagine day trading risk is 10 fold. Maybe the closest thing next to it would be penny stocks. Sometime you get lucky day trading and maybe you get lucky for a long time but eventually you are going to lose money. The real question for most people is if they can keep there emotion in check. I dont think alot of people do and thats how they lose a lot of money day trading. its better to hold and invest your money in projects you think will appreciate. Im new to crypto but with stocks I only invest in stuff I think will be worth more in 10 years.

rejin29x

full member

Activity: 196

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It is very risky because you do not know when does your coin loosen its value. And in some cases, some of the trading website are scammers to avoid this you must be careful off choosing and know the trading site before depositing money on it.

kamote291993

member

Activity: 140

Merit: 16

There are many variables to consider when we are trading digital currencies because if you are trading coins pegged to Bitcoin and the Bitcoin price has some sharp falls or gains, then your price predictions for a specific currency and your chart reading may not be accurate and you could lose or win big. We can only try our best to minimize risks and set certain parameters for buying and selling, along with having a calm mind and also being patient. Sometimes though we need to initiate small losses in order not to lose in a big way, or take shorter gains to minimize risk.

jinx029

member

Activity: 126

Merit: 10

After observation in a long time, I realized that Bitcoin is more suitable for the long-term investment instead of daily trading. Because its price always have growth trend and it only reduces when there is some special news. Therefore, if you can catch the news right time, you will panic sell easily.

dunfida

legendary

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Merit: 1140

Quote from: khan149 on February 14, 2018, 02:35:51 PM

There is no risk to trade now.Bitcoins will increase and altcoins are increasing again.Now it's a good time to trade. Now it is possible to double profit if you buy coins for a few days.just buy and hold.

How sure you are on talking about doubling profit?You cant say that there no risk to trade now yet price is very volatile as of now. If we do talk about day trading then its really a hard type of trading which you will really deal with moving prices on a short period of time which considered as a very risk move but yet really very rewarding.If you do tend for long term holds then it would be your choice.

khan149

copper member

Activity: 463

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There is no risk to trade now.Bitcoins will increase and altcoins are increasing again.Now it's a good time to trade. Now it is possible to double profit if you buy coins for a few days.just buy and hold.

djselery

legendary

Activity: 1386

Merit: 1001

day trading is very risky especially for beginners, because the price is very volatile, and you need really large knowledge and good experience to predict perfectly the prices within short period of time. Starters have tpo learn more about trading and always investing small amounts in trading in their first days.

shawn995

full member

Activity: 350

Merit: 100

I think day trading is not good idea and those people who are doing day trading they will mostly face loss because if price in routine start increasing at morning and decreasing at night. Day trading is not efficient way of earning with bitcoin. You need to buy now and then wait for a time when price rise from the price at which you have bought then you can start selling.

RechardSmith

newbie

Activity: 56

Merit: 0

Quote from: GavenJack on February 05, 2018, 03:18:51 AM

day trading is suitable for experienced traders. having a large capital. if there is no money then it is necessary to trade in the hour timeframe.
Well, if you just want to make money, then come here https://daneel.io/

Hello Jack, I have checked your daneel io, there is offering signup bonus (Sign up to obtain up to 10% bonus). Could you please tell me is it for only signup offer?

Danglen1010

full member

Activity: 230

Merit: 108

Actually like what I said earlier risk is a inevitable phenomenon. We should always incurred in all aspects in order to make some backup plan incase that there is a loss happen during your trading transaction.

kamote291993

member

Activity: 140

Merit: 16

There are many variables to consider when we are trading digital currencies because if you are trading coins pegged to Bitcoin and the Bitcoin price has some sharp falls or gains, then your price predictions for a specific currency and your chart reading may not be accurate and you could lose or win big. We can only try our best to minimize risks and set certain parameters for buying and selling, along with having a calm mind and also being patient. Sometimes though we need to initiate small losses in order not to lose in a big way, or take shorter gains to minimize risk.

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