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Topic: I dont like daytrading - page 25. (Read 2560 times)

legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
December 17, 2017, 08:15:47 AM
#69
If you dont like then dont do it, day trading is only for people that make a living by trading, day trading is not guarantee to make a profit, infact I feel its very difficult to get profit everyday by day trading, but if you got a good skill then day trading can multiply your profit
Yes, day trading is the one that gives the best profit compared to most other earning accessibilities. With trading the risk associated is much bigger than that of the other forms of earning. Because the market fluctuates unexpected and cannot get the desired profits. On day trading the user needs to spend good time, which is not possible with every user. Upon this into consideration it is good to prefer trading upon the skills, experience and the investment capability.
hero member
Activity: 840
Merit: 501
December 17, 2017, 08:04:40 AM
#68
If you dont like then dont do it, day trading is only for people that make a living by trading, day trading is not guarantee to make a profit, infact I feel its very difficult to get profit everyday by day trading, but if you got a good skill then day trading can multiply your profit
member
Activity: 378
Merit: 17
December 17, 2017, 08:01:39 AM
#67
Day trading is not that easy. Those who are experienced only they can get profit. You have to look at the chart constantly. Because bitcoin fluctuates a lot.
jr. member
Activity: 63
Merit: 2
December 17, 2017, 07:28:53 AM
#66
Day trading is a sophisticated thing, I always try to day trade i start with profit and when you lose a % it hits hard because of the fact you always thinking but it should go up , should go up, and you end up either lower than your profits %.

In my opinion day trading should be studied before attempted, and should be with precautions with every move, because what you lose is harder to make , if you make wager $100 lose 20% , you will remain with 80, and to get 80 back to 100 , you need 25% increment , thus you gotta calculate your entrys and exits very wisely, and every loss hits harder than the profit.
jr. member
Activity: 86
Merit: 1
December 17, 2017, 07:16:58 AM
#65
Daytrading is good option for those who wants quick money and have very small investment.It is a skilled job to do and it requires lot of time and ability to take risk. I don't think it is rapping or creating any disrespect but on contrary i think it is making are new investor more stable for long investment.It helps newbie to develop their trust on crypto.
legendary
Activity: 3066
Merit: 1312
SOL.BIOKRIPT.COM
December 17, 2017, 06:56:36 AM
#64
Daily trading can be quite profitable due to the opportunities it has, and the other is long-term investments. Long-term investments can be quite profitable, and the most important feature is less effort and stress. Daily trading can result in considerable effort and stress.


It is all about prefernces, so we have our own choice on which one to do based on our passion. If we feel that one of them is not suitable for ourselves than we should not force ourselves to do it. Day trading is indeed a time consuming, but it worth enough and will not cause any stresses if we can manage ourselves. We just need to have more patience in day trading.
hero member
Activity: 1400
Merit: 536
December 17, 2017, 06:13:58 AM
#63
Daily trading can be quite profitable due to the opportunities it has, and the other is long-term investments. Long-term investments can be quite profitable, and the most important feature is less effort and stress. Daily trading can result in considerable effort and stress.
member
Activity: 182
Merit: 10
December 16, 2017, 07:32:18 PM
#62
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 feel like day trading is not for you then don't deal with day trading, instead you should trade at night because for sure that time, your skills for being trader was being triggered. In addition, most of the people deal with night trading due to its cold atmosphere that will boost their mind. It is always your choice when to do the the trading process.
member
Activity: 112
Merit: 10
December 16, 2017, 06:54:10 PM
#61
I think if you are a trader you need to buy or sell at least 5-7 times per week, it does not have to be every day.
sr. member
Activity: 1232
Merit: 250
December 16, 2017, 04:29:09 PM
#60
Day trading is an extremely risky way of playing with your money. You might lose a lot more than you gain when starting out. I would still prefer long-term investments and continue to work for the future.
You stand to lose anyway, however you trade if your approach is not backed by good understanding of how the market works. As for day trading, any knowledgeable trader can by keying into and staying put with the dominant market trend, sail with the wind behind them than against the tide. For instance, if a market is confirmed to be in any up trend, a day trader can act smarter by hunting for only oversold conditions before placing any order.

Exactly, know matter what you do, how you do, if its not correct, you are going to loose it anyway.  Day Trading requires good set of technical analytical skills, and with good quick decision making power. Also do not follow others, I have seen many who tries to advice others and newbies follows them and maximum time they make losses.
hero member
Activity: 1134
Merit: 517
December 16, 2017, 04:24:16 PM
#59
Day trading is an extremely risky way of playing with your money. You might lose a lot more than you gain when starting out. I would still prefer long-term investments and continue to work for the future.
You stand to lose anyway, however you trade if your approach is not backed by good understanding of how the market works. As for day trading, any knowledgeable trader can by keying into and staying put with the dominant market trend, sail with the wind behind them than against the tide. For instance, if a market is confirmed to be in any up trend, a day trader can act smarter by hunting for only oversold conditions before placing any order.
full member
Activity: 195
Merit: 100
December 16, 2017, 02:59:01 PM
#58
As others said, yes one needs to be very skilled and focused to daytrade.  It can be compared sports like Basketball, Football or becoming a doctor. One has put in years of practice to become profitable daytrader.
I will daytrade when charting and trading platforms like Metatrader, Sierracharts or Ninjatrader can be used to trade cryptos.
full member
Activity: 308
Merit: 102
December 16, 2017, 01:43:21 PM
#57
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.
I would like to know what you are really trying to imply here,what is the ultimate aim of trading,to have a novelty time pass. Roll Eyes  if you are good at something and if you are making good use of it,make the most of it and multiply your assets and that is the ultimate aim for everyone,even if you invest for years hoping for a price increase or for individuals investing on the day of the rally,both have one aim,to make the maximum profit. Tongue

yes, i came to better terms. Whats needed though for me, it cant be pnd or some shitcoin. For example i dont touch ripple and i stay away from that lending crap. Although for one time i bought into goldreward ico for fun and as a noob i investedin Bitconnect, in which i actually just broke even btw. :p (not recommended though, would v made much more by just holding btc)
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
December 16, 2017, 01:20:39 PM
#56
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.
I would like to know what you are really trying to imply here,what is the ultimate aim of trading,to have a novelty time pass. Roll Eyes  if you are good at something and if you are making good use of it,make the most of it and multiply your assets and that is the ultimate aim for everyone,even if you invest for years hoping for a price increase or for individuals investing on the day of the rally,both have one aim,to make the maximum profit. Tongue
sr. member
Activity: 1148
Merit: 251
December 16, 2017, 01:05:16 PM
#55
Day trading is an extremely risky way of playing with your money. You might lose a lot more than you gain when starting out. I would still prefer long-term investments and continue to work for the future.
It is risky if you dont know how to manage your money. Day trading is good if you can manage your time and can observe price from time to time. For me I do long term because of lack of time to spend in day trading, so it still depends on a person on how it can manage the day trading.
full member
Activity: 172
Merit: 100
December 16, 2017, 01:03:25 PM
#54
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.

I understand your moral concept when you say you don't like low-efort trades. Honestly, I wouldn't say no for day trade if I could get nice profits like you. There is no mercy in the market and you gotta take the profit no matter short term or long term trade.
sr. member
Activity: 812
Merit: 253
December 16, 2017, 12:59:04 PM
#53
Same here, I also am not a fan of day trading and its actually very exhausting for me. It takes most of my time when I can do other things within the day. But it was actually a good thing I tried day trading for a while, it made me realize which is more convenient for me and I also was able to manage my time.
full member
Activity: 407
Merit: 101
December 16, 2017, 12:47:54 PM
#52
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.
unfortunately I am different from you, I really like day trading or short-term trading and just rely on a few pumps and dumps just because I only work to make trades so I need income every day.
newbie
Activity: 80
Merit: 0
December 16, 2017, 11:46:31 AM
#51
Day trading is an extremely risky way of playing with your money. You might lose a lot more than you gain when starting out. I would still prefer long-term investments and continue to work for the future.
full member
Activity: 518
Merit: 101
December 16, 2017, 11:44:00 AM
#50
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.

That's how you see it and that's respectable. Though i don't quite agree entirely with you. Daytrading is same as playing with stocks. It's meant to make quick profit. And you don't really have to stick behind the coin you believe in exclusively. That's why i admire day traders  because it takes a lot to get through it compared to hodling.

I actually got better at it. But now i do it more as in taking profits. And crypto i know one or two about or that sounds promising. The last 2 weeks ive been bagging up. Obviously riding it. Then i take some profits and letting the rest ride. Or buying back in at lower prices.

Though i do it in a controlled way. Lets say there is fomo and controlled fomo. If u see potential jump in. Set a tight stoploss. But the last days that wasnt needed...

I rode Tron this way... when it was still 40 sat.
I like daily trading as I can control my bitcoin or other coins, but I cannot do that when I do have a work/job. So for now I'll just hold my bitcoin and wait for it to gain profit. I will do daily trading whenever I am ready enough to handle my time and can focus with it.
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