Topic: I dont like daytrading - page 27. (Read 2583 times)
I do not mind trading on a daily basis, it is important to do your daily time planning correctly. Set a limit yourself, my recommendation is not quite right to go over 6 hours.
i seldom to take this way as trading, midterm would be my favorite, because we didnt wait to long for holding time. just like what you said, daily trading is for expert trader, in a minute, you lost all your profit that you've been collected for a month.
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 have income from other businesses is very reasonable, you will tend to choose productively without having to engage in complex analysis, such as gambling or mining, but if you become a daytrading
it will actually earn more. profit, but not binding because it requires analysis with a periodic time span. We recommend that you specify the work that suits your own convenience.
I don't like it either, because whenever I try to trade, I always lose around 5-10% of my balance. That's why I always go for long term holding.
Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
Day trading is the tension job I can't baer that tension. If you calm and take your loss also positively then this job is suited for you or else you will suffer in both financially and mentally. So before choosing day trading 1st, you prefer well and enter this field. 
like it or not trading is a part and parcel of anything that has a value. it is not just things like gold, but currencies like USD, JPY,... are being day-traded and goods that we use daily are also being traded in a sense. it is inevitable for bitcoin and other altcoins.
i don't think it is necessarily a bad thing to trade bitcoin. or even day-trade it. but as long as trading, and profit does not overshadow the technology itself. and so far i don't see it doing that.
i don't think it is necessarily a bad thing to trade bitcoin. or even day-trade it. but as long as trading, and profit does not overshadow the technology itself. and so far i don't see it doing that.
Quote
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 think this is not the way a crypto lover should think. You are completely normal guy with normal ambitions which are not seen in the crypto world really so you may wanna loose the things here. You can try poker in simple way and try to earn normal way.
Crypto trading or more specifically day trading is made for the people who can take the risk, a lot of risk and manage the time accordingly. They don't fear the losses they actually try to double it in first place when they are going to trade next time. So its better to select your type very keen way. Hopefully you will loose the trades because its not your type really after reading whatever you have to say.
Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
Day trading is the reason why the value has shoot up insanely and you can't argue the fact that it's the source of everything exciting about bitcoin nowadays. The "concept" would remain unheard of if not for the value that was driven by most day traders today. Bitcoin would remain circulating within a network of geeks if not for these day traders who helped it become popular and mainstream. You might think that it's (day trading) unethical in some way but if you think of it deeper you'll see that it actually helped bitcoin gain traction over the years.
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 know that feeling dude. I too have tried daytrading. Even though I made some decent profit, I just feel like it wasn't my thing. It's not for me. I would rather just invest on a coin and then hold it for a long time than risk my investment while feeling this kind of uncertainty. Daytrading isn't for everyone. You just have to find a more suitable way of earning profit for you.
I kinda like day trading; however the reverse side of it is not being able to get away from the graphs and the prices constantly moving.
It's better to trade by the targets and not trying to catch the local dips and sell the highs.
It's better to trade by the targets and not trying to catch the local dips and sell the highs.
i prefer choose long term investment for sure altcoins, but for unsure altcoin, i use daily trading technique when some altcoin being pump. need to be remember when you're doing daily trading: Do not be greedy to set sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure.
Yes, I agree with you, I was daytrader and it takes a lot of time and I do not have much time for me. You have to trade a lot and do a lot of technical analysts + research on the coins. It's very stressful but in the long run it's not as profitable as the long-term trader, because just by taking Bitcoin you still earn a lot of profit by doing nothing
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.
It is not bad feel for all the traders bro. If you fine bidding your trade value as per the value expected you will find the huge amount of fund in returns for just monitoring the price movement alone. If you don't do that you cannot expect the return amount like that. Closely watching price chart is done by the all the traders. You have to put up the bitcoin and other altcoins that will go further when the value changes on the multiple currency.
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.
Yeah, and a lot of daytraders--in stocks, too--go completely bust. That's because no one can predict what the market is going to do, even though you can make money by following trends. But bitcoin? All the big money is being made by just frigging holding it! Take your chances with ICOs and shitcoins, but look how much you could have made just buying-and-holding a couple of months ago. It's astonishing. I've traded shitcoins in the past, and it's fun because it's gambling, but it's stressful and I couldn't sleep. Fuck that.
sure it depend on the choice of every person if you don't like day trading it means you like holding trading which is very good than day trading because holding trading have negligible risk and more possibility of earning profit but the rate of profit is low as compare to day trading while day trading have very high risk.
The sad truth is, many people buy and hold cryptocurrencies as a store of value. Massive adoption was possible primarily because of the attraction to huge gains. This is hard on our coins because people's hands are very shaky this way. Just a tiny bit of news will either send the value rocketing sky high or plummeting to the ground. Thats just how it is until more real world dapps are built on blockchains.
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.
Everyone has their own opinions. If I honestly say that trading is a very important thing because for me trading has given a lot of income.You should get the motivation that Trading can get you a very profitable job, compared to other jobs I think Trading is the best. We can do Trading wherever we are and whenever we are ready. This should be used better, I take some decisions and in the end the decision I make is the right choice. That is a result we can get, let's work hard and regard every day as an opportunity to get what we want (all through our Trading decisions).
Day trading is not good to make profit you can spend a lot of fee and you should invest a lot in order to make a good profit in day trading..
My suggestion better to trade weekly or monthly because you can see a large different movement every week or monthly trading.. like right now if you trade with bitcoin and you trading daily with bitcoin you will just lose opportunity to make a good profit because the price is continues increase..
So better to give time to hold before you sell them in the right time..
My suggestion better to trade weekly or monthly because you can see a large different movement every week or monthly trading.. like right now if you trade with bitcoin and you trading daily with bitcoin you will just lose opportunity to make a good profit because the price is continues increase..
So better to give time to hold before you sell them in the right time..
Jump to: