Topic: Looking for daytrading strategies for beginners/intermediates. - page 2. (Read 290 times)
September 07, 2021, 05:18:22 AM
Just now I completed my daytrading. Fortunately, I escaped this decline. Although my profit has decreased, it doesn’t matter. I am waiting for a better buying opportunity.
September 06, 2021, 09:56:39 PM
The daily trading strategy is not a wise choice. I have a few questions, which are very important premises. Are you healthy? Can you make anti-human choices? Can you do it with your heart? Can you control emotions and greedy humanity? If you can't do it, I don't recommend to do the band. Just as someone said, in an upward trend, your profit comes from the general trend, not that you have mastered the skills. If a bear comes, any technical indicators cannot be judged, and technical indicators are all things that have happened. There is not much reference value. All I can say is good luck and don't step on the minefield.
September 06, 2021, 07:30:31 PM
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
It's actually realistic.However, sometimes, other people's strategies may not fit you.
Have you ever learn to only adopt their strategy and conform to your own strategy? You have done trading for several months, you are actually being learning by doing. You can get your own experience by trading. From that side, take the minus and plus of your trading strategy so far. And combine it whether it is the most suitable.
And it will also depend on what coins you are trading. Some top coins should probably have a different strategy to the hype coins.
For a day-trading, you need a higher focus on the chart. don't buy the coin when it is already at a high rate because it will probably get down suddenly. I will prefer to choose coins that are started to increase.
And take profits in small percentage only.
Moreover, if it is a future or margin trading, it is better to take profits little by little.
Btw, did you set an SL/CL?
September 06, 2021, 02:16:30 PM
As you had already visited the youtube because their you can find most of the trading strategy but the main thing is that you have to learn it by yourself by your own experience and making mistakes which can easily lead you to more learning and after that you will be able to do it by yourself without a huge loss. You need a quick pick up and it will lead you to success.
September 06, 2021, 02:15:41 PM
snip..
for you and your partners know that making a profit from day trading is not easy, I'm still not able to make a steady profit from day trading. Your analysis, skills and intuition must be sharp if you want to continue to profit in daily trading. the majority of trading channels on youtube are only after their AdSense account so you have to find your own formula.. 
September 06, 2021, 11:56:21 AM
Thank you all for your answers! We appreciate it a lot that you took your time to help us!
The most common thing in all of your replies that day trading or trading in general requires a lot of practice and experience and we are willing to learn and and invest a lot of time learning and earning experience since we are both students and have a lot of free time, and therefore we see having "free time" as a resource that should be taken advantage of.
Copy trading to learn from proffesional traders seems like a good idea to try and understand how they see the market in general, and implement their tools or strategy or maybe even modifying them in order to suit our goals and style.
Thanks again and wish you all the best of luck!
The most common thing in all of your replies that day trading or trading in general requires a lot of practice and experience and we are willing to learn and and invest a lot of time learning and earning experience since we are both students and have a lot of free time, and therefore we see having "free time" as a resource that should be taken advantage of.
Copy trading to learn from proffesional traders seems like a good idea to try and understand how they see the market in general, and implement their tools or strategy or maybe even modifying them in order to suit our goals and style.
Thanks again and wish you all the best of luck!
You are right, all need struggle in every decision making and also with the skills you will have. Always use the trading strategies you are good at, keep practicing them and learn from mistakes. Daily trading is indeed quite risky compared to long-term trading, so as long as you can overcome it all keep using Stop Loss.
September 06, 2021, 09:56:59 AM
Hello everyone,
My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
actually it's good decision since you have a free time, wherein instead of doing nothing right?. Indeed day trading is good nowadays and a lot of people sees that it's a good opportunity for every traders to obtain good returns while market is still fine. My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
For me what i can suggest right now since you all doing your best to learn what is the most important things in trading especially making technical analysis . Probably to put time again how to use every useful indicators or how to execute flag and penant pattern in trading which is a big help also based on my experience.. Actually my win rate increase because of that strategy, i hope you can add that strategy as well.
September 06, 2021, 09:03:51 AM
Thank you all for your answers! We appreciate it a lot that you took your time to help us!
The most common thing in all of your replies that day trading or trading in general requires a lot of practice and experience and we are willing to learn and and invest a lot of time learning and earning experience since we are both students and have a lot of free time, and therefore we see having "free time" as a resource that should be taken advantage of.
Copy trading to learn from proffesional traders seems like a good idea to try and understand how they see the market in general, and implement their tools or strategy or maybe even modifying them in order to suit our goals and style.
Thanks again and wish you all the best of luck!
The most common thing in all of your replies that day trading or trading in general requires a lot of practice and experience and we are willing to learn and and invest a lot of time learning and earning experience since we are both students and have a lot of free time, and therefore we see having "free time" as a resource that should be taken advantage of.
Copy trading to learn from proffesional traders seems like a good idea to try and understand how they see the market in general, and implement their tools or strategy or maybe even modifying them in order to suit our goals and style.
Thanks again and wish you all the best of luck!
September 05, 2021, 11:38:57 PM
realistically any type of trade such as day trading, short term trading or long term trading all require a strategy. but it's all done by the traders themselves based on their analysis, so asking for advice here or learning about trading is not right because trading is based on their own analysis not someone else's analysis. beginners should learn slowly the trading technique
September 06, 2021, 12:57:33 AM
Gather lots of info from other traders, threads, forums, etc, then integrate them into what you know. Judge whether what you're going to do would actually profit and move based on that. I'd reckon the best way to learn as a beginner would be to study how other traders study the market, and make those techniques yours instead of starting from the ground up and making your own styles/techniques (which can be done later on imo). I'd also reduce the goal you have right now, tbh making even or at most 1% would probably be the best and any profit after that is just a nice incentive. Don't try to overstep and just take your time trading, experience takes time to accumulate, especially in trading where experience is your best tool.
September 05, 2021, 11:57:57 PM
and are there any helpful learning platforms you would recommend?
I've been following this guy for a few months now and I have been watching his trading tutorials whenever I got some free time after a long day of academic works (college).- https://youtube.com/c/c0tt0nc4ndyTA
Not that I am shilling this guy but personally, his T.A makes the most sense other than self proclaimed T.A gurus. You may also find the Mental Analysis course interesting especially if you find yourself struggling with your daily trades.
Other than that, joining r/Trading (reddit) would be your best choice if you want a trading community.
September 05, 2021, 06:55:07 PM
Day trading is not easy, though its possible to earn 2-3% profit daily but it will still depend on your knowledge about the market, since you are planning to do day trading better to keep on learning because months of learning is not enough to earn that much every day, usually day traders spend a lot of time learning first before the actually trade consistently. My only source of trading is thru Youtube as well and reading books most of the time, since you are doing this with your friend better to create a task for both of you or learn together.
September 05, 2021, 07:53:04 PM
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading?
well the trading strategy in the cryptocurrency market depends on the pair you are day trading, for example:
in case of BTC - USDT it will be difficult for you to get 2% a day constantly unless you consider that there are days that you can't get 2% but you can get 1% and on other days you get 2% to 5%, by that I mean you on this pair you should not stipulate a fixed profit per day instead focus on buying on the strongest support and selling on the strongest resistance.
and are there any helpful learning platforms you would recommend?
practice and practice a lot, this is the best learning method
September 05, 2021, 07:01:26 PM
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
This is related to financial advice and I think you should have your own research about this.It's really hard to start in trading especially if you don't have enough idea and knowledge about it. You need to fulfill first yourself with a knowledge that has a good strategy in trading before I can say you're now an expert in trading.
IMO, here is my advice.
Do you know what is copy trading? I think you need this idea and I think many newbies are using this now since they can't wait to engage in trading, all they want is experience but didn't have a huge loss. Try to choose eToro exchange and find how their copy trading works. Not unless you will spend time to have a research on how to study the Fundamental and Technical analysis which are the most important to know in training.
September 05, 2021, 06:18:36 PM
Hello everyone,
My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
Unfortunately for you your goals are not realistic at all, earning 2.5% to 3% daily may seem like a small amount to you but it is not, that percentage is more than enough to double your capital in a single month and then the growth becomes exponential, so it is not possible at all to get to that goal, finally you are looking for strategies that can be used by beginners to day trade, when day trading is the game of experts and as such you should stay away from it until you have a lot more experience. My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
September 05, 2021, 05:51:25 PM
~Snipped
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
looking forward to your suggestions and tips!
Thank you!
Well, from the look of things, you both have some trading knowledge, skills and experience up your sleeves already so that's a headstart. I just wanted to quickly chip in that if day trading hasn't worked for the last couple of months, you should try changing your trading system. By this, I mean to change from day trading to swing trading which involves holding onto your positions much longer than a day. I don't know how feasible it would be but I'd say give it a try.
However, if it's daytrading or nothing, then I suggest building a system around it and remain consistent with it regardless of the results (win / loss). Then after each and every trade, do a post-trade analysis to seek out techniques and strategies that worked.
September 05, 2021, 05:44:52 PM
You are going to have a lot of learning to do, mate. A couple of months is not enough for you to learn how markets work or move, even if you have a good trading strategy. My advice is for a beginning stick to a particular coin and study its price movements, support and resistance levels so that you know when to enter, exit and place stop loss.
You haven't specified which kind of trading you are doing. Is it spot or derivatives?
2-3% daily isn't realistic. You are going to lose some traders along the way, mate. Some days will be bad, others will be good. Just make sure you don't lose too much.
You haven't specified which kind of trading you are doing. Is it spot or derivatives?
2-3% daily isn't realistic. You are going to lose some traders along the way, mate. Some days will be bad, others will be good. Just make sure you don't lose too much.
September 05, 2021, 05:38:46 PM
Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?
You are on the right track. Just continue with your current strategies. You need to test each until you found a good one. Day trading is something that you will not learn in just 2 months or even a year. It's not that simple even the goal is to buy low and sell high. Don't haste. You are still in the learning phase. Just continue until you are used to doing it.
Experience will teach you to create several strategies that will help you in the long run.
September 05, 2021, 05:26:01 PM
Have you ever heared of primexbt copy trading and covesting?
Copy trading is an innovative tool that allows you to track and copy the trades of leading PrimeXBT traders with a wealth of tools at their disposal.
Manual trading on your own can lead to higher risks as you are basing your strategy just on your own knowledge, training, and experience. When you copy trade, that risk is essentially spread out, as users can follow any number of successful traders who already have a proven track record and positive performance history. Simply pay regular attention to each strategy manager’s risk and success metrics, rather than performing time-consuming technical analysis and constantly watching charts.
Copy trading is an innovative tool that allows you to track and copy the trades of leading PrimeXBT traders with a wealth of tools at their disposal.
Manual trading on your own can lead to higher risks as you are basing your strategy just on your own knowledge, training, and experience. When you copy trade, that risk is essentially spread out, as users can follow any number of successful traders who already have a proven track record and positive performance history. Simply pay regular attention to each strategy manager’s risk and success metrics, rather than performing time-consuming technical analysis and constantly watching charts.
September 05, 2021, 04:28:58 PM
Unless you have a really big capital, 2-3% per day is not easy to achieve especially in the volatile crypto markets. The illiquid market conditions also affect the profit ratio at the end of the day, better learn the day trading patterns with trading on demo accounts. If you feel you are ready then go for the real balance. Otherwise, don't waste your money and time with trading. There are other activities to learn the trading, so start with the cheap methods than burning new accounts one by one. Checking the failures of the pro traders also will teach you what to do and what kind of actions how to affect your trading journey. Best of luck!
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