how to be a day trader? | Bitcointalksearch.org

Dreamchaser21

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

Don’t just depend on any speculation if you want to become a trader, learn to read charts and used different indicators. You have to think twice for this because trading is not that easy you will surely incur losses and you must be ready for that.

Landagert

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Quote from: zeze18 on June 03, 2017, 02:52:22 AM

Maybe I'm only a year old studying and active in bitcoin and altcoin trading, but if we do with careful analysis it can make a profit every day, and now I think the right time to do trading activity because of turnover and price changes in market so fast, even With ability and minimal knowledge sometimes I can make a profit even with a small nominal but in my opinion if done consistently every day will certainly get a good profit in the future.

That is true, and we need to research and see how the chart is going, because if you are too quickly on making decision it can bite you, and keep in check of the chart every at least 30min

Ar1st0

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First you have to spare your time. Because day trader must always standby on their investment. Once you skip it, then you're already lost you oppourtunity and chance to deal with the best price.

RayDali0

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To be a goods trader:
Just do it;
Learn TA Technical Analysis;
Do within your limit

I am still learning

Anndrianno

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I'm not an expert on trading or day trading or whatever, though from what I know There are couple of basic rules for being a day trader:

- Do the homework

You are always supposed to gather all the information before the day starts you should be well aware of all the news concerning any assets that's you want to buy. You are to get all the cryptocurrencies and than sell, while it's 4 o'clock in the evening. And you should know when and why the market is going

- Keep your hand on check

You have to stay aware of situation at any time to close the deal at the right time before it gets too late. Things can go wrong at any time, so stay tuned and be on great watch

- Be happy with what you have rather than with what you can get

Always close the good deal at the end of the day. Don't hold expecting it to grow or increase you have to get out before the exchange closes.

I hope that will give you a hint and you'll be a far better day trader in future

rebel92

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Quote from: StreakW on October 14, 2017, 06:16:42 AM

i still newbie for trading
for me buy low sell high Grin

... only like that

Research. Start low, learn. Do not put more money than you can loose. Always recover your investment before you put more money in. Play it smart and learn. It takes time. No one becomes a millionair over night. This is my rules !

AngelSky

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Quote from: nasipadang on October 14, 2017, 06:33:28 AM

From my experience for daily trading I only target 3-5% profit, before you buy coin you need to know the normal price of the coin, that is my main point if want to buy or sell altcoin,

Ya true. Unless you know the basic price of bitcoin, you can't judge. How much, if you brought for particular price. If the price of bitcoin increased means,you should brought at the current price of bitcoin. You keep some margin to brought the bitcoin. For example, if the price of bitcoin is 5700$ means,you should not buy more than 5500$ to avoid the loss.

TigerWoodRT

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🌟 eSports ICO: 01/11/2017 🌟

Quote from: sevendust777 on June 13, 2017, 05:39:42 PM

I do day trade coins with high volume, you also need big amount to see your profit. Buy coins that are trending. Sample of day trading is i buy 1 sat sell 5 sats, or set buy order to @10 sats then set sell @15 sats. Choose coins with small value with high volume where as they will give you more profit.

the main rule of the trader should never work for fatigue, then it's hard to work, and there can be mistakes. The trader must always remain in full force and energy to work. Like all working people, it is better to plan the work plan on which it will work)

nasipadang

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From my experience for daily trading I only target 3-5% profit, before you buy coin you need to know the normal price of the coin, that is my main point if want to buy or sell altcoin,

StreakW

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

i still newbie for trading
for me buy low sell high Grin

... only like that

sevendust777

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I do day trade coins with high volume, you also need big amount to see your profit. Buy coins that are trending. Sample of day trading is i buy 1 sat sell 5 sats, or set buy order to @10 sats then set sell @15 sats. Choose coins with small value with high volume where as they will give you more profit.

Hammonds

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Activity: 532

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

To be a daily trader you do not need to expect big profits and you must be correct in choosing a coin make sure before buying should analyze thoroughly look at prices within 1 to 2 days and high and low prices in 24 hours. Grin

Reid

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

If you are going to start trading with altcoin to bitcoin and vice versa. You might want to go to the altcoin threads like speculations or their own ANN threads to see how good this coins are now.
With enough knowledge you might be able to make a successful trade.
If it is day trading I think it is enough to monitor a certain altcoin movement or you could download an android application which have an alarm whenever it will hit the price you prefer.

zeze18

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Activity: 938

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Maybe I'm only a year old studying and active in bitcoin and altcoin trading, but if we do with careful analysis it can make a profit every day, and now I think the right time to do trading activity because of turnover and price changes in market so fast, even With ability and minimal knowledge sometimes I can make a profit even with a small nominal but in my opinion if done consistently every day will certainly get a good profit in the future.

Amadues

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Activity: 924

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Day trading is risky and this type of traders are looking for few pips on daily growing market. On valatile markets you need to survive with day trading. Grabing pips is not good method in market. Looking for daily pips is for new traders which they feel themselves as traditional pip hunter. There isnt any "Holy Grail" method in daily market movement.

ryanben

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I've traded daily because I knew it profitable for me everyday but was very big risk is not much profit, so I turned to long-term investors. If you want to trade in the day should take the time to consult the technical analysis and market monitoring regularly. That will help you when you give a command buy / sell easier.

coynedterm

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

Here I will suggest you to first get throughout study in the Google about the day trading job , since day trading jobs are not much profitable because in the today trading you need to buy and sell the coin whether you get profit or not.
Here I would like to suggest that first study and then start your trading with stable and better and reliable altcoins .
Because investment with the low famouse altcoins are less profitable but still the chances of loss are about 0% .
If you can hold the better altcoins then I am 100% sure that you will get earn money and will never loss a penny .
Here my suggestion for the more stable and better team work coins are dgb , bsd , NAV , Sia , creva , bcn , eth , dash , ripple , btc .
If you can hold theses Alta then I am 100% sure that you will make 100 times more profit .

Dimelord

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

In day trading,you must set your profit margin as 5% or 10% and as soon as you reach your target,immediately you should finish the trade and invest in another coin.You should not blindly follow the pump and think that sky is the limit for profit.You should be able to find the sudden increase in trade volume of a coin and invest in it.More over,you should invest in two or more coins so that you could adjust if the price of one coin falls down.You must analyze various charts provide in the exchange and analyze one hour chart,one day chart,three days chart to find the price movement.

Sled

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Bitcoin- in bullish time

If you want to be a day trader then you need a lot of knowledge about the coin because you need to analyze the market and also try to make profit in every price movement of it. Day trading is a very risky kind of trading and it only suits to you if you will be a good analyzer of a coin and you have a lot of time to do that while if you don't have then just stick to long term trading.

ktabb

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Quote from: salu on June 01, 2017, 05:28:01 PM

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

Learn about trading before you jump in. Learn about fundamental and technical analysis, and definitely about value investing.

Also practice trading before using real money. You can do paper trading here using this simulator: www.demoinvestor.com

Overall, be patient and keep a level head. Take your time and make sure you are very confident before you start using real money, or else you can cause yourself a lot of financial harm.

Good luck!

Topic: how to be a day trader? (Read 2025 times)