i failed in day trading - page 7. | Bitcointalksearch.org

jmigdlc99

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Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

In stocks, even in crypto, it is difficult to just rely on technical analysis. It requires a combination of both technical and FUNDAMENTAL analysis. Theres actually a lot of references online available to discuss this, but in general, fundamental analysis refers to looking at the fundamental qualities of a company/investment, and from there, judging whether or not it is a solid investment. Day trading is not something to take lightly, some people do it as a full time job, you are competing with them, remember that. I wish you nothing but the best!

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Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

Day trading is good and very profitable if you are an expert in trading but i think it needs more capital to do that because if you dont have a large amount of money to play day trading you will only just losing your capital in trading fee and also in fluctuation of every trading you did. I suggest you to do a long term trading and ve patient so that you can earn a good profit.

Whether stocks or crypto in order to do day trading you must be alert and active all the time. Because other’s failed due to of lack of knowledge in terms of the market switching price becomes up and down. True it is indeed profitable for day trading but if we know nothing how it goes we may ended up losing money. Some had many attempts to do day trading but failed must opt for long term goal to minimize losing money.

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Quote from: bellicose on September 28, 2019, 02:10:07 PM

I always lost in trading. It was both fast and for a maximum of a week. As soon as I did not try to trade, anyway I got into a protracted transaction at least a month. And experience has nothing to do with it. It’s just tantamount to playing dice.

There are many trading services on the internet. You can just pay up for the services. You can learn from those pros by watching them trade for you. You need a experience on trading if you want a constant win on trades.

I experienced switching into gambling when the time I lost too much money trying and trying to trade until I learn and switched back to trading, Reading different articles/blogs on how to succeed a trade.

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Quote from: bellicose on September 28, 2019, 02:10:07 PM

I always lost in trading. It was both fast and for a maximum of a week. As soon as I did not try to trade, anyway I got into a protracted transaction at least a month. And experience has nothing to do with it. It’s just tantamount to playing dice.

I had burnt my account twice while day trading because the market moves faster even with the knowledge of TA it amount to losing my portfolio however after switching to a minimum of 4 hour time frame I was able to make some progress, having much time to study, analyze and accurately predict price movement while the price move at a slower pace although some losses are incurred however overall I was profitable.

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I was considering to become a day trader too but it is not easy not as it seems. Firstly, you need to know that there is a zero sum game, so, you should be better than others so that you can make money. Secondly, there are very powerful rivals for day trading which is bots. In the near future, I think, there will be no human day trader but the algorithms. It is very hard to follow all the indicators manually. Bots can do it very quickly and get the profit before you. I am morely focused on bots and configurations of indicators these days.

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Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

A guy who decided to try himself in this type of trading should be very observant - you need to monitor the market on-line. Operational thinking is also a must for a day trader. It is necessary to accurately determine the local current market entry. If a trader cannot determine such a point, then there is no point in trading daily. Of course, no one cancels the skills common to all traders, such as knowledge of theory, the ability to place stop orders and exit points from a position.

bellicose

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I always lost in trading. It was both fast and for a maximum of a week. As soon as I did not try to trade, anyway I got into a protracted transaction at least a month. And experience has nothing to do with it. It’s just tantamount to playing dice.

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Quote from: michellee on September 27, 2019, 06:14:21 AM

Quote from: Sadlife on September 27, 2019, 04:26:14 AM

Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

It's not really easy to do a day trading especially with stocks, and I guess technical analysis alone is not enough to make a winning trade, you have just practiced TA for months and you cannot say that you are already good at it. Try to make a further learning about all the strategies that you are using and a deeper observation on the market.

Stock trading will be more complex than crypto trading. In stock trading, you need to know the news from many sources, including the economy that happens in that country because stock trading will depend on the country situation and condition. Besides that, I think in stock trading, you always need to monitor the market in many hours, and it is too difficult to analyze the chart with many analysis. You need to master the analysis and that will not just 1 or 2 analysis.

Everything can be learned if you are keen to succeed from any venue or fields of investment. Each time you choose your assets it should be accompanied by deep researched and studies, many people forget about learning first the process and find every single information from the venue whatever place you selected.
Both crypto and stock have influence that matters to understand and mastered to take some extra edge from other traders inside.

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Quote from: redsun114 on September 26, 2019, 06:36:36 AM

Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

Lol, I would not say that day trading alone gives more result, it is the amount you out in investment that yields more result, it is not every day that most trader will tell you that they make enough profit because they put little amount to trade, if you really want to enjoy day trading, you have to be able to trade with big amount of money, or if you are the type that knows how to leverage, you can make bigger profit with little money, but the risk that is involved like you said is the problem.

Day trading is just too risky for me, and I will rather prefer to be a holder than to be a day trader. Holding is less risky and as the price of the coin you are holding grows, your own investment also grows without putting much effort other than the initial effort of buying and selling and the initial stage.

Holding your coins brings a lot of problems as well especially in this market, it is obvious that such a tactic can be very effective if you select the right coin, the benefits that you can get are incredible and the amount of effort that you need to put into it is in fact very low, but the good news ends there, selecting the right coin in which to invest your money is by far the most problematic aspect of investing in the market of cryptocurrencies.

Many people talk about the early investors of bitcoin and how much money they had made and that is true but there is only one bitcoin and unless you invested back in the day then those kind of gigantic profits are not possible right now in bitcoin, so you need to look at other coins if you want those kind of profits and when so many of them are scams this is a very risky strategy.

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Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

I have a friend that is also doing day Trading, both cryptocurrency and market stocks, and he says that it is a lot more complicated than the other way of Trading but the earning is awesome, though you just need to spend more time, efforts, and you have to forget sleep sometimes if you really want to earn big. Day trading means you have to stay alert, the market won't wait for you to spot that there is a big drop price that will happen.

It could happen in just a few seconds and the price would go up or go down more in an instant, and you'll be pissed when you didn't catch the fish, and you will wait again.

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Quote from: Sadlife on September 27, 2019, 04:26:14 AM

Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

~Snipped..

It's not really easy to do a day trading especially with stocks, and I guess technical analysis alone is not enough to make a winning trade, you have just practiced TA for months and you cannot say that you are already good at it. Try to make a further learning about all the strategies that you are using and a deeper observation on the market.

Yeah it’s not easy to make good technical analysis you will have to practice it allot. Never be a child or to be over confident you could revert. Day trading is fully profit but it needs highly knowledgeable steps. You will have to choose a good coin so you can invest your money safely. Don’t listen anyone just believe in your own analysis and take wise decision a.

It is not really important to have a good TA's cause in the first place the market still unpredictable. The most important is to knowledge about the market condition and could be a basis of our trades. However, it is much more advantage of having TA's but not really a thing we should have to depend on. We have to decide also what would be best for our self.

Many traders suffer losses and failure just because they really know what they are doing, trading is not a game we will just watch but it is a thing that needs more actions and focus.

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Quote from: Sadlife on September 27, 2019, 04:26:14 AM

Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

It's not really easy to do a day trading especially with stocks, and I guess technical analysis alone is not enough to make a winning trade, you have just practiced TA for months and you cannot say that you are already good at it. Try to make a further learning about all the strategies that you are using and a deeper observation on the market.

Stock trading will be more complex than crypto trading. In stock trading, you need to know the news from many sources, including the economy that happens in that country because stock trading will depend on the country situation and condition. Besides that, I think in stock trading, you always need to monitor the market in many hours, and it is too difficult to analyze the chart with many analysis. You need to master the analysis and that will not just 1 or 2 analysis.

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Quote from: pundit on September 26, 2019, 11:14:22 AM

Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

Risk is everywhere, be it day trading or long term trading. One benefit of day trading is, it has small SL whereas long term trading has bigger SL, the same goes for TP. Day trading is more stressful but have more setup to trade whereas long term trading is less stressful but it has few setups, you may find setup once in many days.
If you are thinking to go for day trading, I have one suggestion for you, always trade in the direction of higher TF, you will have more successful trades than failed trades.

If you never fail then you are too perfect for human being lol , a failure is a must ... so you can learn from what you have experienced that causing you failed , that's the formula to make anything successful smoothly.

First of all you need to learn :

- about money management
- about emotion management

Besides the technical factors that it is a must for a day trader. You need to take a break after monitoring the charts all day long or a couple hours straight.. it has a huge impact on your making decision psychology.

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Quote from: Coolman4 on September 15, 2019, 04:40:04 AM

i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading

my question is about stocks not crypto

It's not really easy to do a day trading especially with stocks, and I guess technical analysis alone is not enough to make a winning trade, you have just practiced TA for months and you cannot say that you are already good at it. Try to make a further learning about all the strategies that you are using and a deeper observation on the market.

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Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

Risk is everywhere, be it day trading or long term trading. One benefit of day trading is, it has small SL whereas long term trading has bigger SL, the same goes for TP. Day trading is more stressful but have more setup to trade whereas long term trading is less stressful but it has few setups, you may find setup once in many days.
If you are thinking to go for day trading, I have one suggestion for you, always trade in the direction of higher TF, you will have more successful trades than failed trades.

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Quote from: Irvinn on September 24, 2019, 03:07:10 PM

If there are stable cryptocurrency price fluctuations every day, then day trading seems very easy and brings very good profits. But what to do In such situations, which is today, when you expected oll.tv to reduce the price by one or two percent a, and today Bitcoin and Ethereum have decreased by 5% in 7 days (BTC) and per day (ETH ) respectively? this is another black streak in my trading career.

Well, it that be hard in crypto trading...we feel unlucky sometimes especially when we buy it today and suddenly it drops down. This will be a big struggle of every trader, that is why we need to be patient and stay calm in every downfall scenarios so it can help us to stand from what we wanted to happen in our life. Many have been to try this life but not all of them stay longer cause they have fear and has been controlled by their emotions.

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Quote from: wxxyrqa on September 23, 2019, 01:56:56 PM

For some reason, my friends always say that daily trading carries a much greater risk than trading for a longer period and there is no free time because of this. In addition, I want to pay tribute that it is day trading that gives the best income, but will have to take more risks. I have not tried using day trading yet, but I want to learn and gain some experience using YouTube video examples.

Lol, I would not say that day trading alone gives more result, it is the amount you out in investment that yields more result, it is not every day that most trader will tell you that they make enough profit because they put little amount to trade, if you really want to enjoy day trading, you have to be able to trade with big amount of money, or if you are the type that knows how to leverage, you can make bigger profit with little money, but the risk that is involved like you said is the problem.

Day trading is just too risky for me, and I will rather prefer to be a holder than to be a day trader. Holding is less risky and as the price of the coin you are holding grows, your own investment also grows without putting much effort other than the initial effort of buying and selling and the initial stage.

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What timeframe do you use? It's better to use 30m timeframe or higher. I also used technical analysis, but i never want to daily trading or swing trade. Daily trade is really tired to do and also market flow is move to fast. Daily trading / swing trade sometimes just like betting game.

Irvinn

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If there are stable cryptocurrency price fluctuations every day, then day trading seems very easy and brings very good profits. But what to do In such situations, which is today, when you expected oll.tv to reduce the price by one or two percent a, and today Bitcoin and Ethereum have decreased by 5% in 7 days (BTC) and per day (ETH ) respectively? this is another black streak in my trading career.

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