it's so hard trading my day now! - page 5.

TitanGEL

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Quote from: Vispilio on December 26, 2019, 01:14:00 AM

One of the common misconceptions is that "day trading" doesn't mean that you have to go out there and trade every day.

In fact most advanced traders would argue the majority of the days in a year are not interesting enough to trade a selected instrument...

You can trade on those days all the same, but the market will be so unpredictable, directionless and efficient that the reward to risk ratios would not justify taking most of the trades that day (there are exceptions to this tendency for certain strategies)...

By diversifying the products you are covering, you can increase your trading frequency; however naturally this would often entail a lot more work, research and analyses on your part...

That is correct, there is a misconception about day trading. If you are day trader it doesn't mean that everyday you will need to trade. I'm a full time trader and not all of times I'm trading cryptocurrencies. There are risks that should be consider after all, not all of traders are suitable in day trading. Identify first if your skills, personalities, and emotions are suitable in day trader or a passive trader.

Vispilio

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One of the common misconceptions is that "day trading" doesn't mean that you have to go out there and trade every day.

In fact most advanced traders would argue the majority of the days in a year are not interesting enough to trade a selected instrument...

You can trade on those days all the same, but the market will be so unpredictable, directionless and efficient that the reward to risk ratios would not justify taking most of the trades that day (there are exceptions to this tendency for certain strategies)...

By diversifying the products you are covering, you can increase your trading frequency; however naturally this would often entail a lot more work, research and analyses on your part...

maydna

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If you want to day trading, you can play safely trading, for example, you can buy at a low price, if the price increase at any price, as long as you can make a profit, you should sell that amount. Go back and do the same thing many times, I guess you can collect a big profit because when you can make a profit, and you can repeat the process, I am sure that your profit will become bigger. But that will depend on the coin you choose, and I think you can make a profit from selecting bitcoin as a day trading because bitcoin price moves to up and down and back to up again.

Subbir

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🎄 Allah is The Best Planner 🥀

You look good on technical issues and are refusing to trade for a few time now you are trying to seek out where you made an error you'll determine what you probably did wrong then you'll do the proper thing something goes wrong due to your mistake, do what you are doing not understand that's vital now.

KnightElite

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Quote from: Harlot on December 25, 2019, 02:34:22 PM

Maybe day trading for you isn't the right type of trading in the first place? It might sound tough but day trading isn't really for everyone and judging from the current market we have I don't think that everyone can profit from a bearish market like this especially if you don't have the money to do so. Day trading is something done by at least people who are veterans in analyzing charts and news and they are also highly at risk of losing money even if they are the best in the field. Why don't you try other trading methods like position trading or just hodling the crypto in the long run since it is really the most safer bet for someone who is a novice in the crypto market it is really fit for people who don't have a lot of cash to play with in the market.

But it is really hard to trade nowadays, the selling pressure is high and the whole cryptocurrency market in bearish market. There is no outliners so it is really hard to make a profit. Many people are using counter strategy, what it is means? counter trend strategy is you buying at bottome even the bear market is occurring. Trading is a process of learning so it is normal to experience tough time in it.

Janation

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Day trading is really hard.

It is not my opinion since there are a lot of people telling that too. We are dealing here with a volatile cryptocurrency and that is really obvious that every day will not be a good or great day for you. With the recent dump that happened, I don't know what you will do but for me, better trade when the price is right for you than doing it every day.

bitzizzix

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It is better to pause to trade for a few days or a few weeks because the market is currently not friendly for trading.
but it all depends on you and in my opinion, even though you are an expert in everything in trading will only produce small profits in daily trading or in a few days unless you turn to long-term trading.

Ridwan Fauzi

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Quote from: Joyawan13 on December 25, 2019, 02:12:01 AM

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

The movement price is always change everydays and just my assumption you have predicted with the same strategy or the same way. Indeed, all strategies are same and you are freely to use it basically, but in my side I'll bored if I do day trading with the same strategy moreover if I got lost eventually.

Unless, you choose the same strategy and its strategy just give you profit everyday you'll your own argument to decide it. Just my suggestion, you need to mix strategy the strategy that you have depend on the price movement.

maxreish

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Activity: 1330

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It is really hard to speculate market as a daily basis. If your prediction is always wrong, why not reflect and identify which area is wrong? Is it the technical analysis? The way you read the charts maybe. And I tell you, it is hard to spot where is the right time to enter or to buy bitcoin.

However, why don't you consider to become a long term trading than day trading? Try and see how does it works for you.

ice098

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Quote from: Joyawan13 on December 25, 2019, 02:12:01 AM

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

Learn how to trade. I mean read some references, monitor charts so that it will give you a hint or ideas on your next trade. It could be great and a big help for you. Trading with a deeper and great knowledge in charts are better and it could help you lessen your losses.

Harlot

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Maybe day trading for you isn't the right type of trading in the first place? It might sound tough but day trading isn't really for everyone and judging from the current market we have I don't think that everyone can profit from a bearish market like this especially if you don't have the money to do so. Day trading is something done by at least people who are veterans in analyzing charts and news and they are also highly at risk of losing money even if they are the best in the field. Why don't you try other trading methods like position trading or just hodling the crypto in the long run since it is really the most safer bet for someone who is a novice in the crypto market it is really fit for people who don't have a lot of cash to play with in the market.

leowonderful

legendary

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Bitcoin FTW!

Take a break. Realistically nobody's going to consistently generate profits from trading and we all have days or weeks of poorer performance potentially leading to losses, but that's normal. Stress isn't a good thing when you're making decisions while trading, so one thing you could try is trading on a different timeframe than what you already do while risking less money than usual to learn new techniques and find things you were previously doing wrong. Alternatively, you could also just stop trading for a week or two and clear your mind to come back later. It might just be a problem with your current mentality.

Slow death

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Quote from: Joyawan13 on December 25, 2019, 02:12:01 AM

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

It is very difficult to predict price accurately, but you can combine technical analysis with fundamental analysis, read bitcoin news and thinking the way most people think can give you some advantage.

Quote from: danherbias07 on December 25, 2019, 12:58:03 PM

I am more of a weekly trader.

Sometimes I think I do the same thing

Quote from: danherbias07 on December 25, 2019, 12:58:03 PM

Why? I dont see much changes in daily fluctuations today.

For people who are trading with a lot of money, they easily get high returns with only small price fluctuations. Imagine someone who trade with 20 BTC? if have a price increase of 1% to 3% per day, this person easily will make considerable daily profits

danherbias07

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I am more of a weekly trader.
Why? I dont see much changes in daily fluctuations today. It will be better to just make another strategy then.
It ain't working for you so you should just move on and change the recipe or you will just keep on losing money and might end up broke taking loans to continue it.

For the daily routine, I just monitor all the prices of my trading coins. If there is even a little profit then I will take it. I wont go greedy if I were you.
It is already difficult to make money. Just do it for addition on your monthly day job salary. Grin

radjie

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do some research first on some coins whose prices are always changing, avoid trading on the type of coin that has a stable price because if you choose a stable coin to be used as day trading certainly will not provide profits in a short time. In addition, do a quick sale when the price has increased slightly in order to get a small profit, because by looking at the current market situation it is very unlikely if we expect large profits in a short time

aardvark15

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One strategy I used when I was trading was that when I felt like it was a good time to buy, I would only buy with about 25% of my available cash. Then I had leverage if the price dropped. If it dropped, I would used the second 25%, and they still left 2 more opportunities to buy as the price dropped more.

Dart18

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Activity: 1400

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There is no other way.
Don't go looking for another risky method like joining telegram groups who promises to tell signals.
That ain't true. Nothing is true in there.
They will just be using you instead.
Your greater hope lies within your prediction. It may not be accurate by now but somehow you will make it work in the long run.

davinchi

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Quote from: Joyawan13 on December 25, 2019, 02:12:01 AM

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

You can't really become a "successful trader" with anything other than learning and practicing, just read up on how to pick your crypto currencies or at least where you should buy them and also try to do the exactly same things, that is how I first started my stock market life for example, I have checked the data that most hedge fund managers like peter lynch used and why they picked certain stocks, I found a website with all stock market data and then I used it to get my own stocks using same formula, I am still sitting at the top of a 20% yearly return give or take for the past 9 years (I had horrible years but thankfully some very very lucky years as well).

Crypto is similar, find what works for others, try to implement and eliminate the ones that doesn't work and keep the ones that do work out for you.

ReiMomo

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I guess you did not know how to trade and dont have enough knowledge of it. Day trading does not give accurate gaining profit. And I advise if you dont have full knowledge of it dont rush into trading because you will not earn if you don't know how to work with it. Trading is not mattered on the market situation because market will fluctuate the price every now and then, you should know the right time to buy and sell, that is the most important.

Oceat

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Quote from: Joyawan13 on December 25, 2019, 02:12:01 AM

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

Don't just trade day by day if you aren't so sure about of taking a good profit. Why don't you just take a break for a week then return to trading again because the market isn't too stable these days. Practice your trading strategy more if it won't be effective try a different approach so that you will also become too flexible with the volatility of the market.

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