Day trading can be used as a way to learn, but it is a stressful job.
It can crush you emotionally and physically. You have to look at the chart, anticipate changes and predict movements. You have to follow the news, as even the most insignificant news may have a huge impact on the trends. Aside of using it as a learning tool, not really worth it. People who have done it know what I am talking about.
Topic: Master the trading - page 15. (Read 3034 times)
Day trading isn't a skill; day trading is all luck. You may make money some days; you may lose some on other days. If you want to consistently make money, overtime, you're going to have to be in it for the long haul (this is in bitcoin, and it is in all other traditional investments, AS OF RIGHT NOW OF COURSE) Over the long haul, both crypto and all traditional investments make consistent gains per year.
Day trading ruins it and tries to put the skill on you. Which you shouldn't be trying to do. If the professionals can't do it, you sure as hell cant.
Day trading ruins it and tries to put the skill on you. Which you shouldn't be trying to do. If the professionals can't do it, you sure as hell cant.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
Without proper knowledge even though you buy and sell many times you may not be a successful trader. So first learn all the basics of trading and then slowly start with a small amount until you understand this crazy high volatile market. Even after you become expert in trading I suggest don't invest a huge amount in day trading because many unexpected things can change your calculations in a day so always use only a small portion of your investment amount in day trading.
Just get on any exchanges with a small amount of crypto and make a thousand trades or so.. Do some arbing..
In my opinion this is depend on the your effort and psycology when learn to be expert trader. The most important thing to become pro trader is should be have good psycology, just like always patient and dont be greedy. And second one is have knowledge about fundamental and technical analysis. All entry or buy and sell decision depend on the from analysis and not from emotional.
They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
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