Topic: how risky is day trading? - page 26. (Read 2407 times)
The problem with day trading is that you need a lot of time seated in the front of your computer. Any moment, the prices can colapse and you are left with those coins with no value at all.
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?
How risky is day trading at the moment?
Yes you are right it is now very risky to have day trading beside from bitcoin volatile also altcoins we can't predicted what coins going dump and dump.
You need to be expert when you do trading or else you lost your money, have a researched when you puck up coins if it is have potential coins, always monitor the chart of pricing in market exchange. Beside from risky you need to spend more time and also your electricity usage will increase.
That's why people choose to hold their bitcoin instead of trading while you holding your bitcoin at the same time you are investing.
The level of the risk depend on the your strategy, if you have good risk management and good trading plan so the risk will be lower. Because now the price soar for the better doing short trade and take profit between 10%-30% and then wait again with patient to get deepest price. Dont be greedy and keep emotion will enable to gain consistent profit.
Yeah with the current volatility it's the golden moment to make a day trading, bigger risk you take bigger opportunity you can make money there. Taking 10 percent or even just 5 percent daily are more than enough as long as you can make it steady one then. 
And this depends on your style of trading. You are in a position to control the risks by stop-limit orders. They certainly work on different stock exchanges so-so.
It is very risky, but you can mitigate that risk by learning as much as you can and using all the tools available to you. Be patient and do the learning before the trading. Don't let the simple fact that it is risky prevent you from doing it. If it's something you want to do go for it!
Day trading is very risky nowadays. This is actually due to the volatility nature of bitcoin. The price of bitcoin rise and fall so many times in a day so practising day trading is not advisable only if you understand the ethics of day trading so well you can trade with falling into loss.
I'd advise you to just hold your btc over a period of time.
I'd advise you to just hold your btc over a period of time.
In any type of market, day trading is very risky and that is same when it comes to BTC on that regards. As you can see, the market swings in BTC is very huge that one mistake could net you a big loss. That's why most of the people don't do day trading because it requires high-skill cap and a very stable emotional state. On the other hand, there are a handful of people who see this crazy price swings as great opportunities and engage in day trading due to these swings. They can make a lot of money in just one day if they time it right.
Basically, the risk-reward ratio comes into this scenario. High risk may come with high reward and vice versa.
Basically, the risk-reward ratio comes into this scenario. High risk may come with high reward and vice versa.
for is very risky because i am exprience in trading and day trading its so stressfull and you better long term trading.
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?
It is depends on how skillfull you are in predicting the market once you sell it doesnt mean you lost beacuse you still in profit at that moment the problem is if the price of BTC will continue to go up profitability will be wasted. i also prefer to hold now my BTC . How risky is day trading at the moment?
It is very risky to the point that bitcoin right now is really pumping and really up for pump this time around and day trading as we all know in the market that coins are fluctuating and sometimes there could be some abnormalities in market.
How risky is day trading at the moment?
Do you want to know if people lose a lot of money doing day trading? humm, I see lots of people in some chatting boast that they make a lot of money a day to do day trade and yes these people are not lying, let's suppose that now you have 17000$ and the current price is $17000 you just have to expect the price to fall to about $16,200 and you buy and then you sell when the price goes up and repeats the same process and it becomes even more profitable if you have a lot of trade knowledge.
Buy and hold also has its risks, ETH was worth more than 0.07btc and today is worth less, stratis, lisk and so many altcoin were worth much more than they are worth today. everything has risks.
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?
How risky is day trading at the moment?
As bitcoin price keeps increasing, its ok to go with day trading. We can trust in bitcoin value increment. The growth trend is so healthy and stable which will earn you good profit in trading now. We have a guy starting his day trade with 0.1 btc and have earned 1 btc in 6 months. Experience and continues monitoring would yield you good profit in day trading.
Well i can say that it is very risky on trading nowadays because the volatility of the bitcoin price is so unstable and we can't really predict it now, but i hope that in the next few days i hope we can trade with a less risk.
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?
Day trading if well managed can be successful although too much risks is involved while using lower timeframe to trade, with prices usually unstable, that being said, day trading requires huge account for a start up and you have to know how to manage your risk and time.How risky is day trading at the moment?
The present state of high volatility of bitcoin and other crypto currencies makes day trading even more difficult because scalping the trade is not advisable, be as it may, sound and effective trading strategy coupled with a good money management is key towards achieving a successful day trading.
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?
How risky is day trading at the moment?
From a couple of weeks, after crossing the five figure mark, Bitcoin prices have become unpredictable even for the most active of day traders. This comes with factors such as volatility which is pressing the price downwards while developments like Bitcoin futures which is pushing it upwards. With all of this and more in play, getting a estimate on the price of Bitcoin at a particular point of the day accurately becomes all the more difficult and could even lead to losses if utmost care is not taken while trading.
Bitcoin prices have always been unpredictable, and always will be, since it's a free, unregulated market, but overtime, volatility goes down.
The only thing you can know with Bitcoin, is that on a long enough timeline, it always tend to go up, because it's limited in amount and the demand for a swiss bank account in your pocket will never go away. So we can know what will happen (go up) but not when, or when it will correct, or how much it will go up or down, the only thing we know is the overall trend is always up, which makes buying and holding the best strategy.
It is risky but a skill full trader will make most profit by using the volatility of bitcoin price,he can buy when the price dump and sell when the price bump but many people will lose their investment when facing situation like this so it is better to go with long term holding then day trading.
In day trading there are many strategies available if someone follows that they can earn sure profit but it may be less profit.one of the strategy named scalping means a day trader will sell his coin when he can earn little bit of profit from his investment but this needs huge investment to get good income.
In day trading there are many strategies available if someone follows that they can earn sure profit but it may be less profit.one of the strategy named scalping means a day trader will sell his coin when he can earn little bit of profit from his investment but this needs huge investment to get good income.
Well right now market is not stable,of course it's very risky,but you can make use of that to make profit,it depends on your luck though
So that's why people prefer hold rather than day trade and i am the holder type too,i will avoid unnecessary lose
So that's why people prefer hold rather than day trade and i am the holder type too,i will avoid unnecessary lose
if we're talking about the risk that we're facing when doing the day trade i think it's all depend on the situation and strategy,
in my opinion no matter volatility is it as long as you have a good foundation/strategy it's not risky at all,
the only problem that we will face if we're not good enough is our portfolio value decrease nothing more than that.
(of course we're not talking about margin/leverage or something like that,because using that thing is like a gamble and it's not recommended to do so).
we're only losing our money if we're selling it cheaper from our buy order,
that mean if we're doing a daily trade and have a financial back up plus good strategy,
no matter what price you're buying at,as long as you have that.
in the future you'll get the profit.
so it's all about strategy and movement that we will take in the future.
in my opinion no matter volatility is it as long as you have a good foundation/strategy it's not risky at all,
the only problem that we will face if we're not good enough is our portfolio value decrease nothing more than that.
(of course we're not talking about margin/leverage or something like that,because using that thing is like a gamble and it's not recommended to do so).
we're only losing our money if we're selling it cheaper from our buy order,
that mean if we're doing a daily trade and have a financial back up plus good strategy,
no matter what price you're buying at,as long as you have that.
in the future you'll get the profit.
so it's all about strategy and movement that we will take in the future.
Every trading is risky but if you know what your doing then that will manage to turn it to profit.. The bitcoin price fluctuations is good enough for day trading and that im sure,, many of our colleagues are now having great time and money with it.. If you don’t love riskier moves then holding is the best thing to do for a much easier profits that’s not stressful..
Day trading is as risky as playing gambling! Though if you have time to learn how to interpret candlestick formations and charting, you will reduce the level of risk and you will increase your level of rewards. Day traders use 15 to 30 minutes charts which is very hard to predict price movement of assets pricing. Therefore, you should not going into it without adequate knowledge on how it works.
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