I dont like daytrading - page 12. | Bitcointalksearch.org

entrepmind23

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Quote from: Bonanzacoin on December 07, 2017, 09:21:24 AM

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.

If you don't like it then don't do it. Each one of us has its own taste so if you don't like something then there would always be others who would like it. Personally, I like day trading because I like the adrenaline rush that I feel whenever I trade and I like learning something every day. There may be times when I am force to hold a coin for a long time because I am still not in profit but if I can see a way for it to be sold with little profit then I would do it because crypto is so volatile so there would always be a chance that the coin I bought will suddenly rise with a news or maybe a group pump it.

Holding a coin for a long time that you think has a potential to go up maybe favorable but I don't like the feeling of being stagnant with nothing to do that's why I prefer day trading. Yes I may lose at times but it is part of the process of learning.

ImSuparmin

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Quote from: BingoDog on December 07, 2017, 09:43:18 AM

Daytrading is for very skilled and those who have plenty of time or trading is their only occupation. Otherwise it's very hard to be successful and this type of trading is very risky although the profit could be great especialy when the situation on the market is like. I can understand the feeling that you have and daytrading might look very agressive but still it's the one of the most popular and profitable forms of trading.

I agree with you, daytrading is one of the most popular and profitable trades but apart from that daytrading also has a very high risk, we must prepare our mental first so that in any situation we are ready to gain profit or even in a loss.

bohr

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Quote from: Crytptohack on January 15, 2018, 01:07:25 PM

This tread was started last year, now in 2018 in the U.S. the tax laws have changed. Day trading the cryptos will be a challenging task to document.

Many were able to see this was coming which is why holding proves once again that is a superior form of earning money with bitcoin, not only declaring your taxes is going to be a nightmare you are going to find it very challenging to determine how many taxes each one of your trades generated since you need to pay capital gains in each trade in which you got profits.

mx667

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Quote from: gabbie2010 on January 23, 2018, 01:27:17 AM

Quote from: MV7 on January 20, 2018, 05:16:48 AM

At this point, i think daytrading might be more successful for stocks and not crypto. There is still a lot of room for growth in crypto, and we've seen that with price increase booms in the past few months. If a day trader bought ripple at 30 cents, sold it at 60 within one day thinking he made a great profit, then sees it go to 220. Things like this are much more rare in stocks, so honestly it might just be better to stick with a coin instead of trading it 5 times a day.

Day trading is better achieved in stock or forex trading while it is relatively risky in Cryptos due it's highly volatility and momentum. Day trading requires total concentration and commitment so as to recognize any slight movement of the price and act swiftly to it. It is also easier to manage risks/reward in stock trading however a larger stop order is required in Cryptos trading while day trading.

Actually, every type of trading there are benefits and advantages of each. I also do not like daytrading and prefer long-term trading. I prefer long-term because I do not need many transactions to make a profit. I just need to collect the cryptocurrency I'm going to as much as possible and wait as long as possible. Unlike the daytrading, on the other hand, this type of trading needs very much risk because every transaction that we do will be between loss and profit. That's why I do not like that. Long-term trading or that can be called also with investment, it takes a little effort, I guess. But if you like analysis and do various research, maybe daytrading is right for you.

heringasem

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This is the real truth.. if you do not even know how to trade, how the fuck are you going to risk your money on it? You are in a very high risky position, i would never do it.
That is why i prefer to hold instead of just trade.

Quote from: romecheo on January 23, 2018, 12:31:52 AM

If you hate trading that much and you think that way. Don't push yourself, it won't help you, and it wasn't healthy also.

putrisa

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Quote from: Bonanzacoin on December 07, 2017, 09:21:24 AM

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.

in fact daily trading is very good but has many risks such as stuck in high prices and others, so if you do not want to have that risk you should not do it, if you have a lot of capital you can do both daily trading and long term trading, it will be more profitable.

hxk451

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Quote from: Bonanzacoin on December 07, 2017, 09:21:24 AM

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.

Truly we don't care to prescribe day trading since its difficult to make benefit on that since the majority of the coin are not vacillates for everyday schedule. More often than not great traders do here and now however not day by day trading. Me I likewise need to hold coin for long haul to ready to procure considerably higher benefit.

gabbie2010

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Quote from: MV7 on January 20, 2018, 05:16:48 AM

At this point, i think daytrading might be more successful for stocks and not crypto. There is still a lot of room for growth in crypto, and we've seen that with price increase booms in the past few months. If a day trader bought ripple at 30 cents, sold it at 60 within one day thinking he made a great profit, then sees it go to 220. Things like this are much more rare in stocks, so honestly it might just be better to stick with a coin instead of trading it 5 times a day.

Day trading is better achieved in stock or forex trading while it is relatively risky in Cryptos due it's highly volatility and momentum.
Day trading requires total concentration and commitment so as to recognize any slight movement of the price and act swiftly to it.
It is also easier to manage risks/reward in stock trading however a larger stop order is required in Cryptos trading while day trading.

BTCsuccessor

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Quote from: Bonanzacoin on December 07, 2017, 09:21:24 AM

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.

Since I am still newbie at trading no matter how hard you tell me about day trading I still going to study this and try my best just to learn and also earn money through this.

poplolnman

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Quote from: Saichoukyushin on January 19, 2018, 01:34:48 AM

Quote from: cryptoblue77 on January 19, 2018, 01:19:02 AM

Day trading is very risky. If you have got previous experience about trading, you wouldn't be able to gain profit. I think that only experience traders can make profit with day trading.

You need to be very skilled trader if you want daily trading even with the red days you can make 50% profit or more as a daily scalper on different altcoins. Like you said it was too risky but very profitable but im not into it i do holding and investing.

You need to have a lot of experience to make the day trading run successfully, learn from what you have experienced and see the situation around , you don't need even to do any analysis or research just use your guts as you have get used to see the charts, the pump and dump signal then everything could be predicted to collect a little profit daily steady.

romecheo

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If you hate trading that much and you think that way. Don't push yourself, it won't help you, and it wasn't healthy also.

For me, i also fascinated with crypto currencies and really amazed on the ideology why it was created. Every single crypto exist for a reason.

Why not used exchanged just to collect more cryptos and don't do trading.

chocolaty

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If you don't like daytrading then you can try other ways of earning here, like long term investments or offering your skills and services. It is difficult to push yourself to do something that is out of your interest or something that is unmotivating.

#dhabitamartha

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why do not you like it when the day of trading that makes me happy because we can be on the screen is not boring may take time to rest for tomorrow to produce a beautiful champion

MV7

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At this point, i think daytrading might be more successful for stocks and not crypto. There is still a lot of room for growth in crypto, and we've seen that with price increase booms in the past few months. If a day trader bought ripple at 30 cents, sold it at 60 within one day thinking he made a great profit, then sees it go to 220. Things like this are much more rare in stocks, so honestly it might just be better to stick with a coin instead of trading it 5 times a day.

dharnamonitor

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Yes, even though we tried it and got the profits by doing it some of us felt that it was somehow not the right thing to do because we tend to think something that discouraged us to do this. It really depends on the perception or preference of a person whether he thinks day trading could be okay to do.

barbara44

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Quote from: thundercrystal on January 14, 2018, 07:36:49 AM

Quote from: sandos on January 04, 2018, 12:17:23 PM

short term too. in this week you can make money from any altcoin. just keep hold top 50 and get free money

I also dont like day trading because i am not so expert in trading so for me day trading is very hard and i think day trading is not for me so im just holding.

It is the harsh reality that most of us are not that much capable that they can make some good earnings when it comes to day trading. In fat, you really need to be extra efficient so that you can learn most of the things which you need to know related to day trading.

If you are not doing well in day trading, then it is better not to do that. In fact, you should not waste your time doing trading then.

vinbentrob

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I don't think trading daily is actually adviceable to start with. Having to always make constant decision of selling and buying can put you in position where you are not seen things clearly.

ausbit

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Quote from: Crytptohack on January 15, 2018, 01:07:25 PM

This tread was started last year, now in 2018 in the U.S. the tax laws have changed. Day trading the cryptos will be a challenging task to document.

Besides your point of this thread from last year and all that but yes day trading have been formulated in US and now it is quite difficult to write this document for day trading.

Actually the reporting mechanism is modified a little and now it is not that easy to go for day trading. Else holding is there too for you. Just get into that and earn as much as you can, it is on you now.

kodtycoon

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Quote from: yukinohana.htn on January 19, 2018, 01:17:36 AM

After nearly a month of day trading, I have to say that I experience the same feeling, stressful with graph, gains and losses. I feel very better now to stop day trading and hold long term, as well as invest in new ICO!

Everyone has their own skills, even a trader has also felt saturated as always lost in the daily trading. The sign of taking the right journey of investment in ICO and also long-term trading is something definite, you can also pass the time by looking at daily trading well maybe you can have your own strategy. You can see the siganature I use well maybe you will be interested in investing with us..

Johnyz

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Quote from: Chronos_angel on January 19, 2018, 01:02:27 AM

choose a long-term investment for a definite altcoin, but for an uncertain altcoin, use daily trading techniques when some altcoin pumps are being pumped. Keep in mind when doing daily trading do not be greedy

Day trading is very risky specially to those who are not familiar in the market. Cryptomarket is very volatile and better for you to just hold because day trading is for just a professional who can monitor the market whole day. Keep yourself from a stress and just hold your holdings so you can sleep without worrying for your loss.

Topic: I dont like daytrading - page 12. (Read 2583 times)