ussualy iam trade 2-3 transaction
if wrong prediction and price down, iam hold, and transaction reduce 0 - 1 /day
Topic: Poll: Daytraders, how many trades do you make per day on average? - page 2. (Read 1289 times)
July 10, 2017, 11:08:09 PM
I was not a big fan of day trading..
My trading strategy is holding as long as possible and make decent profit.
Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!
For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.
My trading strategy is holding as long as possible and make decent profit.
Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!
For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.
Holding is the best thing you can do IMO. Statistically speaking, the more frequently you trade the more likely you underperform.
I don't think we have constant number of trades everyday. There are times that you'll choose to wait, meaning you'll have lesser transaction (I don't have exact no. to give, depends on my mood as well) while when the market is active you'll boost your no. of transaction (8+ for me in this one). I can't vote in the poll since there are changes everyday depending on the market activity.
As I mentioned in a previous comment, I recognize that people usually don't make the same, or even close to the same, number of trades every day, and it can vary greatly depending on market conditions. This is why I'm just asking for the average. For example, you might make 10 trades per day for 10 days and then 2 per day for another 10 days, so the average would be 6 trades per day.
I don't think we have constant number of trades everyday. There are times that you'll choose to wait, meaning you'll have lesser transaction (I don't have exact no. to give, depends on my mood as well) while when the market is active you'll boost your no. of transaction (8+ for me in this one). I can't vote in the poll since there are changes everyday depending on the market activity.
I was not a big fan of day trading..
My trading strategy is holding as long as possible and make decent profit.
Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!
For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.
My trading strategy is holding as long as possible and make decent profit.
Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!
For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.
Even if someone is a day trader you can't expect him to keep doing multiple traders per day with the market falling daily. I used to do atleast 8 trades but it has reduced to 3 or even 2 because it is taking more time to be in profit than in loss. If bitcoin recovers i will be back with doing 8 trades
Nothing fixed for me. If my indicators show any quick action and I am available for trading then I will do more than 25 trades also for a day. There were days where I have closed around 8 trades in profits out of 11 trades. I like to keep my entry as low as possible still if double confirmations occurs then I go for it without any hesitations.
Right, I'm sure for most day traders it can vary greatly from day to day - that's why I'm asking the average. Like if you just calculated the average trades per day over the last year. I'm surprised to see 25 though, that seems extraordinarily high. Idk if that's common though.
Nothing fixed for me. If my indicators show any quick action and I am available for trading then I will do more than 25 trades also for a day. There were days where I have closed around 8 trades in profits out of 11 trades. I like to keep my entry as low as possible still if double confirmations occurs then I go for it without any hesitations.
Day trading is supposed to be trading within the day.
People making less than one trade per day are not day traders. Day traders should be profiting from smaller fluctuations, rather than the big leaps in price that can happen in cryptocurrencies over just a few days.
In other stocks and commodities, you could use day trading as part of an overall strategy, but in cryptocurrencies they're too wild to do both at the same time.
There are a few cryptocurrencies which have been stable enough to make day trading feasible, such as MAID and LSK. However, I wouldn't recommend day trading any cryptocurrency, because they are not particularly liquid and can violently break out of their trend at any time, leaving the profits you get from the tiny fluctuations seeming insignificant.
People making less than one trade per day are not day traders. Day traders should be profiting from smaller fluctuations, rather than the big leaps in price that can happen in cryptocurrencies over just a few days.
In other stocks and commodities, you could use day trading as part of an overall strategy, but in cryptocurrencies they're too wild to do both at the same time.
There are a few cryptocurrencies which have been stable enough to make day trading feasible, such as MAID and LSK. However, I wouldn't recommend day trading any cryptocurrency, because they are not particularly liquid and can violently break out of their trend at any time, leaving the profits you get from the tiny fluctuations seeming insignificant.
Please only answer if you actively Day trade crypto (not holding). I'm curious to see how frequently crypto day traders actually trade. I will share my thoughts on the issue after getting some answers.
Also just to clarify, I'm counting any transaction as a trade. If you buy and sell something in one day, that is two transactions.
Also just to clarify, I'm counting any transaction as a trade. If you buy and sell something in one day, that is two transactions.
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