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Topic: How to learn cryptocurrency day trading! - page 5. (Read 1848 times)

legendary
Activity: 1596
Merit: 1011
September 05, 2018, 05:34:00 PM
#87
You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.
You can learn from experience, but the problem with learning in that way when it comes to trading is that the amount of money that you have is limited, you do not have an unlimited amount of money to trade and to learn how to trade, so if you follow that method it is entirely possible that you are going to run out of money before you become any good at it, and to me it's not worth it to use that much money just to learn something that you could learn out of books.
Experience will determine whether we will succeed or not in the world of trading. experience plays a very important role because with experience we can have abilities and we will also have skills. experience will teach us how to make the right decisions and also how to take the best momentum. so if we want to become a trader then we must constantly add experience and that is the most important capital to bring us closer to success.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 05, 2018, 03:48:10 AM
#86
As for me, it is better not to trade daily but to choose another strategy according to which it is better to trade investing in the long-term projects. To my mind, this is much more reasonable.
Its not always feasible to day trade a certain coin. While there may be the continuous market cycles going on and you can ride them making a satoshis every cycle but then they wont earn you much unless you are doing a huge number cycles complete within a certain price range. Then again the price can drop beyond your estimated target and you will end up holding a shitcoin.

Its all dependent on how hard you want to go in. Yes, you can watch videos all you want and reading articles about how to interpret trends is important but above all one must get out there and learn from experience.
Correct, you might get a lot of ideas and thoughts from watching and listening to what youtubers have to say but most of the time its your experience on the market - for example you might buy a coin during the dip but it will keep dipping down even more. That is possible and then you just have to wait it out.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 03, 2018, 04:32:07 PM
#85
You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.
You can learn from experience, but the problem with learning in that way when it comes to trading is that the amount of money that you have is limited, you do not have an unlimited amount of money to trade and to learn how to trade, so if you follow that method it is entirely possible that you are going to run out of money before you become any good at it, and to me it's not worth it to use that much money just to learn something that you could learn out of books.
legendary
Activity: 1372
Merit: 1008
September 02, 2018, 09:05:29 PM
#84
You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.
Yes.Articles and videos won't help you that much if you never put it into action.You will learn trading in a faster way if you put it into experiencing on your own.In this way,your own mistakes will give you lessons and might build yourself to develop your own skills and expertise in trading.
You're right in my opinion. At least 20% of what you get from videos, articles, etc is to contribute expertise in your trading, the rest is the experience you get from trying and actiion. so don't just learn, you have to try it because market conditions don't forever the same as what you read, sometimes you have to study in real conditions dude!
sr. member
Activity: 377
Merit: 252
September 02, 2018, 05:39:32 PM
#83
Its all dependent on how hard you want to go in. Yes, you can watch videos all you want and reading articles about how to interpret trends is important but above all one must get out there and learn from experience.
sr. member
Activity: 2828
Merit: 344
win lambo...
September 02, 2018, 05:23:09 PM
#82
You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.
Yes.Articles and videos won't help you that much if you never put it into action.You will learn trading in a faster way if you put it into experiencing on your own.In this way,your own mistakes will give you lessons and might build yourself to develop your own skills and expertise in trading.
newbie
Activity: 9
Merit: 0
September 02, 2018, 03:43:48 PM
#81
As for me, it is better not to trade daily but to choose another strategy according to which it is better to trade investing in the long-term projects. To my mind, this is much more reasonable.

Long term trades are good but I think day trading has more potential. Especially for those with small stacks. Compound interest is an amazing force. This website computes daily compound interest check it out
compoundaily.com
If you start with $500 and make only 3 1% gains a day for a month you will more than double your investment. Another month, almost 6x your initial investment. Another month,  more than 14x..... only 3 trades a day. IF you can discipline yourself. We at Voodoo Crypto look to this website for motivation, discipline, and inspiration.
https://discord.gg/3yS5Zcc
member
Activity: 392
Merit: 10
September 02, 2018, 02:48:15 PM
#80
As for me, it is better not to trade daily but to choose another strategy according to which it is better to trade investing in the long-term projects. To my mind, this is much more reasonable.
full member
Activity: 382
Merit: 104
❤️❤️❤️
September 02, 2018, 02:42:50 PM
#79
everything is very simple. I think that you need to start by trying to lose your deposit on any crypto-exchange. in this case you will learn to trade very quickly.
full member
Activity: 490
Merit: 100
September 02, 2018, 02:07:58 PM
#78
You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.
newbie
Activity: 9
Merit: 0
September 02, 2018, 01:05:06 PM
#77
Joining a trading group can be very beneficial to your learning curve. Here is a link to Voodoo Crypto. It is NOT a PnD group. Just a group of experienced and noob traders sharing info, ideas, and experiences with one another. It is the perfect place for beginners and it's free. Check it out 👇👇👇
https://discord.gg/3yS5Zcc
full member
Activity: 1330
Merit: 147
September 02, 2018, 12:15:16 PM
#76
I just think if some techniques for predicting price direction are something that will definitely happen in a market. Sometimes you will think if luck is a valuable thing compared to a technique. Just hold your coin until the price goes up, and sell when you get profit and you are free to choose a long term or short term to do it.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
September 02, 2018, 11:52:32 AM
#75
Just googling around won't do you any good until you try it out yourself. Since you have already tried and lost a few coins, the best thing to do for now would be take a short break and follow the big traders. Check out some videos on Youtube which will give you a better idea of how to analyze the market.
Learn how to understand the charts/graphs and analyse the market and based on that strategise your trade and then execute it.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 02, 2018, 10:55:22 AM
#74
Yes it was very nice to watch video's on youtube in order to learn even more since the explanation is very concise and coming from professional analyst.
Very nice way to fall in the bull traps of youtubers who shill and promote their own shitcoins indeed. Roll Eyes While some youtubers do have some brains (just a handful), majority are just pumping their shitcoins and calling out the general market attitude. Nothing special because that special info is not public and it remains with the whales.

to be able to learn how to be able to trade cryptocurrency and do daily trading properly and be able to benefit now there are many ways in some media such as YouTube so you can learn more clearly.
Another bamboozled member who does not understand the two sides of the coin. You can learn trading but dont fall for the shitcoin traps that they show.
member
Activity: 294
Merit: 10
September 02, 2018, 08:13:04 AM
#73
At first you need to watch market daily. Then you must know that every one hour almost all crypto currencies make up and down by 1%. If you try for rock then it is so hard to make profit. I don’t mean that you can’t but have so much risk for lose. So please select first how much you want to make profit daily. If you have lower target then have big chance for make profit. Else if you know how to use indicator and different pattern then you can make more 1% profit. That’s all I think.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 01, 2018, 07:11:13 PM
#72
Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
In my opinion only those that have mastered the art of trading should even think about day trading, so if I were you I will try to start slow, try to trade in longer time spans that means that you will do something between trading and holding, you will look for an undervalued coin and hold it for some weeks or months and then sell it, only once you have mastered that way of trading you could try day trading.
full member
Activity: 504
Merit: 100
September 01, 2018, 11:35:36 AM
#71
to be able to learn how to be able to trade cryptocurrency and do daily trading properly and be able to benefit now there are many ways in some media such as YouTube so you can learn more clearly.
full member
Activity: 434
Merit: 100
September 01, 2018, 11:31:43 AM
#70
Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
My advice is look for videos because trading videos will be much easier for anyone to understand than to read many books although reading books will help you learn eveey single details that emphasize the main idea in trading. Books is also frwe to download just search it in google.

Yes that makes totally sense, I looked at some books but they were very dry and videos can make this a lot easier to digest. Do you have some videos/authors in mind that you could share? That would be very helpful.

Learning from videos is a much wiser option  because of two reasons. Firstly you will find it much easier to understand via video as it is always much better understanding via visual techniques and secondly, there are not much books written on trading. Everything is available on the internet and its just a click away from anyone who want to equip himself with knowledge.
Day trading is more of a technique which you can master only if you practice enough on live trading platforms.

Yes it was very nice to watch video's on youtube in order to learn even more since the explanation is very concise and coming from professional analyst.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 01, 2018, 11:19:06 AM
#69
Your experience in trading will make you even better in the future so it was fine to make mistakes today because mistakes is necessary in order to become a better trader or investor.

Its also important to rectify those mistakes. Certain people do understand that they are making a mistake but they fail to take countermeasures to rectify them. A few of the most common are entering in the wrong point of time and getting FOMOed. Panic selling is also a important "mistake" but its debatable.

Most of them can be avoided once the person gains experience but controlling their emotions are also important. Specially when you are trading on a bear market. Wrong point of entry can be corrected by patience and planning of when to enter with a target exit in mind and FOMO can be avoided by forgetting about that specific coin and avoiding it - but keep an eye on it in future if you feel its worth it.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
September 01, 2018, 11:03:33 AM
#68
Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
My advice is look for videos because trading videos will be much easier for anyone to understand than to read many books although reading books will help you learn eveey single details that emphasize the main idea in trading. Books is also frwe to download just search it in google.

Yes that makes totally sense, I looked at some books but they were very dry and videos can make this a lot easier to digest. Do you have some videos/authors in mind that you could share? That would be very helpful.

Learning from videos is a much wiser option  because of two reasons. Firstly you will find it much easier to understand via video as it is always much better understanding via visual techniques and secondly, there are not much books written on trading. Everything is available on the internet and its just a click away from anyone who want to equip himself with knowledge.
Day trading is more of a technique which you can master only if you practice enough on live trading platforms.
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