Assuming that you've at any point considered what an informal investor does this is it Day exchanging is one type of forceful transient exchanging You intend to purchase and sell cryptos inside a day and take benefit before you hit the hay. In conventional business sectors like the financial exchange an exchanging day frequently finishes at 4:30 p.m nearby time. Be that as it may, the cryptographic money market runs day in and day out so you can characterize your day-exchanging hours to accommodate your timetable Pretty perfect right? However with this extraordinary power comes incredible obligation.
You would rather not lose everything and get your mate or accomplice irate at you.
Topic: Looking for daytrading strategies for beginners/intermediates. (Read 359 times)
November 29, 2021, 06:51:57 PM
I'll give the most important advice for me as a trader.
"Risk management"
That's quite good advice and IMO, the last one that can contribute to your advice is (Trading Plan)."Risk management"
Sometimes emotions and hype will lead us to nowhere that becomes a result of possible losses and yes, a trading plan is very important as beginners in trading. If your trading strategy won't work at a time, change it quickly because that not might be suitable for you.
Trading isn't an easy job if you think, it needs lots of technique and strategies, patience is a must while dealing with the market condition.
November 29, 2021, 06:45:33 PM
I'll give the most important advice for me as a trader.
"Risk management" most of the newbies don't practice this, for example, not putting stop loss or they are marrying their altcoins or trade position.
You should think always that you are trading, you are thirsty for profits. So no matter how much profits are that once your goal is achieved, you will take profits based on your target.
Risk: reward ratio is also good, do research on how this works. This is something, how much you are willing to take the risk for that x profits, is it worth it?
"Risk management" most of the newbies don't practice this, for example, not putting stop loss or they are marrying their altcoins or trade position.
You should think always that you are trading, you are thirsty for profits. So no matter how much profits are that once your goal is achieved, you will take profits based on your target.
Risk: reward ratio is also good, do research on how this works. This is something, how much you are willing to take the risk for that x profits, is it worth it?
November 29, 2021, 06:44:40 PM
For a beginner or a professional trader, they must have experienced failure and that is normal because everyone will get it. It's okay if we can learn from our mistakes and do better in the future in trading. day trading is not an easy thing, we have to look at the market more often to be able to analyze it. Learning to trade can be through the web, tele groups, books or YouTube which are trusted. follow blogs or tele groups that are trusted and free and learn well in them. other than that the practice in trading will also help us to find out what mistakes were made to be corrected next.
November 29, 2021, 05:58:45 PM
For trading advice, you keep trading with potential altcoins and with the market currently in the red or down. For strategy I suggest you study on youtube only or do a search on google, you can use your experience as the best way to trade and correct mistakes so you can make profit.
November 20, 2021, 01:10:27 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!
What I have seen in crypto in my past experience is that it's really not that wise to go for trading in this market, You will end up learning the technique and practicing it for more than 2 years and then you will spend atleast 10-12 hours daily in the market searching for opportunities and at the end would get just 30-40% return each month that too I am exaggerating too much, the average is around 25-30% for good traders, and after that, you will see top coins in the market reaching 10x-20x or even more than that in less than a year, which means you would have earned a similar return holding the top coins as you would do by trading them for hours each day. So I feel it's better to play positional and do only positional trading and holding. 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!
November 20, 2021, 12:45:16 PM
Day trading is certainly dangerous for those who have very little trading knowledge. To do day trading, a trader must have a high level of skill so that he is able to predict the next movement in the crypto market. If a trader does not understand the movement of the market, then he must leave the market with huge losses.
And this is the mistake new traders make, they hope to make quick profits in day trading but at the end of the day they face losses. Because they do not have the skills and experience to make the right decisions in those market situations.
And this is the mistake new traders make, they hope to make quick profits in day trading but at the end of the day they face losses. Because they do not have the skills and experience to make the right decisions in those market situations.
November 20, 2021, 12:23:14 PM
Day trading, in my experience, is somewhat dangerous. Because cryptocurrency is so unpredictable, you will need to devote a significant amount of time to trading. Day trading is not a simple skill to pick up quickly, especially for newcomers. Learning will take a long time. Day trading is suitable for people who can tolerate losses and have the time to manage day trading, as it demands a significant amount of time.
September 10, 2021, 11:42:23 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!
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!
Well 2-3% is not a difficult goal to achieve, what happens is that to ensure that goal you must analyze the market very well, it is much more likely to achieve the goal when you do a day trading, if every day you 3% ago is equivalent to doing 21% a week, and per month it would be approximately 84%, and the objectives increase, which seeing it like this is difficult to have as much profitability or constancy in winning, so uqe must have in ceunta that many when they do not achieve that objective fail because the numbers do not add up.
I think that if at least 3 trades are made in the medium term, or if it is done at least 1 month, the percentage that can be achieved could be above 20%, but in a safer way, that is why trading In the medium and long term, it is more likely for me to be successful than in the short term. My strategy is to win the 1st trade, if I lose it, I make a 2nd trade to recover and make a profit, in case I lose it, I make the third trade only to recover and exit neutral, but that is preferable to losing, in case of losing the 3 is that my analysis and market strategies are not in the correct vision, it would be necessary to assume the loss and establish another strategy without despair, the market always gives new opportunities.
September 09, 2021, 10:15:17 AM
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?
September 09, 2021, 09:21:27 AM
It is extremely hard to make such continuous profit daily like what you say. It is possible but only for experience traders who are expert with scalp trading. Why don't you try 15%-20% weekly. It is much better for starters. The most important feature in trading is know how to maintain your money properly. With good money management strategy, you can get rig of negative emotion in trading and stick to your plan without any problem
Have you tried tradingview? There are professional traders with good contents providing quality signals or ideas for you to understand the market deeply. Then, you can draw your own conclusion.
Have you tried tradingview? There are professional traders with good contents providing quality signals or ideas for you to understand the market deeply. Then, you can draw your own conclusion.
September 08, 2021, 05:12:51 PM
Your goals to achieving your goals seem to make sense this year as the market moves good so you can predict to achieve that using daily trading. However, you need to lower your percentage to 1.5%-2% but rinse and repeat if you can see the coin have good moves or fast moves. You can compare your result from time to time so you will know if your strategy still works best for you or you need to modify it for a bit so that will work at this moment.
If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.
Even that number is very high, supposing that you could earn 1% daily and this is compounded each day we get that you can multiply your money more than 36 times, so if you started your journey with 10k at the end of the year you will have more than 360k, this is how unbelievable those results really are, just to give you another example profits of 0.2% daily are more than enough to double your capital in a single year and obviously if you did it for many years you could still become rich, so I do not think the numbers the OP gives are realistic at all. If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.
September 08, 2021, 04:56:18 PM
Day trading is quite difficult and especially when used in the cryptocurrency market as it is highly volatile and requires a lot of strategizing and practice, so my suggestion is to start of by trying to demo trade some other assets and once you feel like you got a clear idea about how it works and get more wins than losses than try to implement those strategies into the crypto, and a word of advice don't listen to youtubers about using certain strategies as some them really are misleading and just promotion
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September 08, 2021, 03:08:47 PM
For day trading you must be a sharp minded where you have to pick the correct coin, you must have some knowledge in technical / chart analysis, you must have to Control you emotion, You should not be panic, etc.
So the main strategy is choosing the best/accurate coin and take decision of ending the trade at the right time with profit. Best of Luck
So the main strategy is choosing the best/accurate coin and take decision of ending the trade at the right time with profit. Best of Luck
September 08, 2021, 12:59:21 PM
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).
I don't want to puncture your hopes of earning but most of the YouTubers and bloggers are just sharing the same redundant advise and methods. But let's hope you have actually learned from the worthy ones.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).
A 2-3% daily gain might be optimistic at best. Yes, you may have a few days or weeks where you can maintain such profits but I don't think the plan or expectations are sustainable.My honest suggestion: Just don't set any goals before you actually trade and see how it goes and based on your results, you can plan for the future.
Daytrading isn't always as easy as it may sound. Many times people confuse simple things as easy, remember simple means it's easy to execute but you won't always get the chance to execute which makes daytrading simple but not easy.
September 07, 2021, 03:14:05 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.
There are way too many people who need to test to see if they are or they are not. I understand the logic that we should be basically doing something that is a slight bit risky, and it is not easy because in the end we could be losing a lot of money doing it. However that doesn't change the fact that we are doing something that is very very profitable if we do it right. So, what happens?People who are good at it trades and earns money, people who are bad at it for a long time stops doing it, and there is this gray area where there are tons of people who either never tried it and will try it, or people who tried it for only a while and haven't decided if they are good or bad yet. That is the situation we are in right now, and I believe those people will end up losing a lot of money, a few will profit but the ones who will lose will have a big problem.
September 07, 2021, 11:32:45 AM
Best would be to study indicators, that way you would know some signals and see them when you should buy or sell, it really helps people out a lot. It means that you should be focusing on what to do with what you got and sometimes it takes time, depending on the person.
For example, my math is horrible so it took me years to learn trading, but a friend of mine learned it in a few months and become not a bad trader, only because he was an accounted focusing on audit before he even heard of bitcoin, hell since before bitcoin was even a thing so he learned a lot faster with his skills. Long story short it may take different times for each person but the path is the same, learn how to trade from learning technical analysis and that way you will get better and better.
For example, my math is horrible so it took me years to learn trading, but a friend of mine learned it in a few months and become not a bad trader, only because he was an accounted focusing on audit before he even heard of bitcoin, hell since before bitcoin was even a thing so he learned a lot faster with his skills. Long story short it may take different times for each person but the path is the same, learn how to trade from learning technical analysis and that way you will get better and better.
September 07, 2021, 06:40:55 AM
I don't really think what strategy would be fit for you but I can give this site https://www.babypips.com/learn/forex I learn a lot of things here I think you can make your own strategy if you understand the market well by watching the patterns of the market and their distinctive behavior through different time frame. I can say that 3%-5% profit for day is possible however it's also possible to lose 3%-5% too or more than that.
September 07, 2021, 06:07:19 AM
Your goals to achieving your goals seem to make sense this year as the market moves good so you can predict to achieve that using daily trading. However, you need to lower your percentage to 1.5%-2% but rinse and repeat if you can see the coin have good moves or fast moves. You can compare your result from time to time so you will know if your strategy still works best for you or you need to modify it for a bit so that will work at this moment.
If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.
If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.
September 07, 2021, 04:47:41 AM
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..Not sure what strategy one can suggest for Day Trading where you basically need to buy a coin for cheap and sell it for a higher price. Really what kind of strategy exist in such a minimalistic procedure? Maybe one can teach how to learn the movement of the cryptos and when a coin may go up and down. But from my experience in crypto trading for years, it's impossible for anyone to predict the movements that happen all day.
A good trader may predict the price for the future or the movement after a few months based on the fundamentals of a project but predicting sharp and quick movement is near impossible.
September 07, 2021, 04:18:22 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, 08:56:39 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, 06:30:31 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, 01:16:30 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, 01:15:41 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, 10:56:21 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, 08:56:59 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, 08:03:51 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, 10:38:57 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 05, 2021, 11:57:33 PM
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, 10:57:57 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, 05:55:07 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, 06:53:04 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, 06:01:26 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, 05:18:36 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, 04:51:25 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, 04:44:52 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, 04:38:46 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, 04:26:01 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, 03:28:58 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!
September 05, 2021, 02:52:59 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?
looking forward to your suggestions and tips!
Thank you!
something that you cant really just able to handle out specially when you dont have still sufficient experience.Im not underestimating you but you should still need more experience and also dont rely into those traders
or other people out there because you would just make yourself get stressed or been forced to do so.
Since you are already aware with some technicals then its much worth if you do learn up even more with that.This would involved lots of trials and error.
September 05, 2021, 01:31:35 PM
Day trading is total loss in my opinion. Always go for long term investment aka Hodling. There are no pre-defined strategies for success in crypto market. Everyone has its own strategy and it works accordingly. You have to device your own strategy and then tune it accordingly.
September 05, 2021, 01:17:01 PM
As a beginner, day trading and not having the skills to understand market movements is very difficult. But it looks like for now you seem to be able to handle it. If you feel that daily trading is quite profitable, go ahead, but be careful that market conditions change without us realizing it. Likewise with the profit you are targeting.
A day trading strategy, with a benchmark duration of 15 to 30 minutes may be quite effective compared to chasing a short time like 1 to 5 minutes.
A day trading strategy, with a benchmark duration of 15 to 30 minutes may be quite effective compared to chasing a short time like 1 to 5 minutes.
September 05, 2021, 08:54:38 AM
If you have started a couple of months ago, you should have gained a lot because of the bull market. It's only in the last days of August up to today where there is low volatility causing me to stop trading for now especially since I'm in the spot market.
I'm no expert but in a season of the ranging market which usually has low volatility, you will need to go into the lower time frame like a 30 minute or 1hour chart to make money.
I'm no expert but in a season of the ranging market which usually has low volatility, you will need to go into the lower time frame like a 30 minute or 1hour chart to make money.
September 05, 2021, 05:19:44 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!
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!
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