The advantage of day trader | Bitcointalksearch.org

Questat

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Quote from: bitcoinisbest on July 10, 2019, 12:36:45 AM

Quote from: Kiefner on June 23, 2019, 01:20:33 PM

Day trading has its advantages and disadvantages. This is quite a difficult way to trade, because it requires good endurance and perseverance and also takes a very long time. Therefore, not everyone can afford this strategy.

One of the major advantage is that daily you can earn money and make the payment or spend the way you want for that day. You do not have to worry what will happen in future as market will go up or down as you buy/sell on the same day and price is not a constrain for the day traders

I don't see that is possible for every day trader, the only advantage I see is that you can trade daily and possible that you can also be profitable, however, I don't believe that one can make daily profits in day trading, that's so unrealistic.

bitcoinisbest

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Quote from: Kiefner on June 23, 2019, 01:20:33 PM

Day trading has its advantages and disadvantages. This is quite a difficult way to trade, because it requires good endurance and perseverance and also takes a very long time. Therefore, not everyone can afford this strategy.

One of the major advantage is that daily you can earn money and make the payment or spend the way you want for that day. You do not have to worry what will happen in future as market will go up or down as you buy/sell on the same day and price is not a constrain for the day traders

Serco

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Quote from: TrevorS on July 09, 2019, 03:15:37 PM

Quote from: leavolnhals on June 23, 2019, 08:11:46 AM

We talked a lot about the advantages, I have been trading every day and I really feel quite tired at the end of the job. Because our brain will always be active and we just look all the time at computer screens and charts. That will cause severe stress and I really do not appreciate this work.
I really just like to buy and hold. Less profit but it will be safer for my health.

The brain consumes a lot of energy resources of our body. He also needs cycles of moderate rest, otherwise you can burn out doing absolutely any favorite thing. Trading, at times, is much more energy intensive than any physical work.

brain work actually will consume more energy to spend.if we feel tired in physical its easy to recovery, maybe take a rest for a while be recover.meanwhile if we feel stressed we could not do nothing and have to take refreshing.for normal trading, we should not look at chart in every minutes , look it twice in day will make us healthy.

Altero

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Quote from: TrevorS on July 09, 2019, 03:15:37 PM

Quote from: leavolnhals on June 23, 2019, 08:11:46 AM

We talked a lot about the advantages, I have been trading every day and I really feel quite tired at the end of the job. Because our brain will always be active and we just look all the time at computer screens and charts. That will cause severe stress and I really do not appreciate this work.
I really just like to buy and hold. Less profit but it will be safer for my health.

The brain consumes a lot of energy resources of our body. He also needs cycles of moderate rest, otherwise you can burn out doing absolutely any favorite thing. Trading, at times, is much more energy intensive than any physical work.

It definitely a headache and drain our brain especially at hard times. But we can actually make it good when are true into this and trading is our passion in life.
Many traders find it difficult and leave. Well, loses is a part of trading life and impossible to escape from it but it has a big money also when we've got the right timing.

Moiyah

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Quote from: spike420211 on June 23, 2019, 01:37:28 PM

To succeed in this difficult task, you need to spend too much time behind the monitor screen. In fact, you need to spend a much time and effort as on the usual good work, only in this case, your efforts will give good results. As a hobby, trading is no good, continuous losses from lack of experience.

You can still check your trades even on your mobile phone, it is for conveniency and the purpose of on the go to monitor your trading especially when you are a day trader with full time job like me. It is important that we should gain knowledge before you decided to become a day trader because the risks is higher than the long term traders.

TrevorS

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Quote from: leavolnhals on June 23, 2019, 08:11:46 AM

We talked a lot about the advantages, I have been trading every day and I really feel quite tired at the end of the job. Because our brain will always be active and we just look all the time at computer screens and charts. That will cause severe stress and I really do not appreciate this work.
I really just like to buy and hold. Less profit but it will be safer for my health.

The brain consumes a lot of energy resources of our body. He also needs cycles of moderate rest, otherwise you can burn out doing absolutely any favorite thing. Trading, at times, is much more energy intensive than any physical work.

Spaffin

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trading on the cryptocurrency market in one way or another takes a lot of free time from the trader, as you need to always control the market and your assets in order to react in time to the changing situation. It seems to me that every trader knows that his family will still suffer when he is absent.

Victorycoin

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Quote from: xSkylarx on June 30, 2019, 07:15:58 AM

It has its own advantage and disadvantage. Being a day trader, you can focus more on what you do. You also have time to other things like your hobbies and family. Less stressful compared to having a day job. Disadvantages are its more risky because your money is at stake on trading. When your plan doesn't go what you've expected then you'll lose money. So having a backup capital to become a day trader is necessary.

Everything have two side positive and negative on the same way day trading has both sides positive and negative those who are smart people, to those day trading is good.

xSkylarx

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It has its own advantage and disadvantage. Being a day trader, you can focus more on what you do. You also have time to other things like your hobbies and family. Less stressful compared to having a day job. Disadvantages are its more risky because your money is at stake on trading. When your plan doesn't go what you've expected then you'll lose money. So having a backup capital to become a day trader is necessary.

Victorycoin

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Day trader can take his/her profit daily and he can buy when dump and sell when pump but those who are not day trader/long term investor those cant sell at the moment as a result those can get one profit but day trader can take profit on multiple phase.

Jating

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Quote from: spike420211 on June 23, 2019, 01:37:28 PM

To succeed in this difficult task, you need to spend too much time behind the monitor screen. In fact, you need to spend as much time and effort as on the usual good work, only in this case, your efforts will give good results. As a hobby, trading is no good, continuous losses from lack of experience.

That's just one part of the equation, if you are going to sit in front of your PC and don't do anything or at least didn't want to take the risk or plunge into this ecosystem then you wouldn't learn a thing or do.

That's why I'm a firm believer that you really need to get your hards dirty early and learn from your mistakes. Most of the time if didn't went on our way, but at least you learn some valuable lessons along the way.

joromz1226

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As a day trader, there are lot of things reason for us to face if We implement it in our daily lives.
And those reason such as follows:

- You can have a chance to know everything about bitcoin and its advantages.
- You can able to earn Bitcoin or crypto.
- You can also had a chance to save money in the future.
- And learn a lot about idea and knowledge to become successful here in the end.

Questat

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Quote from: spike420211 on June 23, 2019, 01:37:28 PM

To succeed in this difficult task, you need to spend too much time behind the monitor screen. In fact, you need to spend as much time and effort as on the usual good work, only in this case, your efforts will give good results. As a hobby, trading is no good, continuous losses from lack of experience.

That's necessary but the most important is your knowledge and your skills as that would help you make an effective strategy.
Putting more time and effort is just the basic things to do as a day trader but everyone has their unique understanding on the market, so those who are smart enough will most likely become more successful.

spike420211

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To succeed in this difficult task, you need to spend too much time behind the monitor screen. In fact, you need to spend as much time and effort as on the usual good work, only in this case, your efforts will give good results. As a hobby, trading is no good, continuous losses from lack of experience.

Zemomtum

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Quote from: pempek19 on August 18, 2018, 12:38:53 PM

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.

Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

Apart from the highlighted above points, it makes an individual to be a master in no distance time. You will have a domain experience on anything you are doing daily repeatedly. Day trader spend a lot of time than any kind of other traders.

Kiefner

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Day trading has its advantages and disadvantages. This is quite a difficult way to trade, because it requires good endurance and perseverance and also takes a very long time. Therefore, not everyone can afford this strategy.

pant-79

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Quote from: pempek19 on August 18, 2018, 12:38:53 PM

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.

Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

Of course there are a number of advantages, but don't forget about some of the factors.
In order to be a successful trader, you must have (or develop) the mind, patience, self-control and some other qualities.
So the desire to have all these advantages is insufficient, but basic.
So learn, practice and earn.

leavolnhals

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We talked a lot about the advantages, I have been trading every day and I really feel quite tired at the end of the job. Because our brain will always be active and we just look all the time at computer screens and charts. That will cause severe stress and I really do not appreciate this work.
I really just like to buy and hold. Less profit but it will be safer for my health.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

I think trading is not for everyone, with that as a fact day trading can`t be profitable for everyone, one more fact is that the majority is losing, while the minority is making a profit. I`m one of the people who lost a lot of money with day trading, so that kind of trading for doesn`t have any advantage. I`m more of the mid and long term trader, I keep my coins for months before I get into profit.

jimmyd178

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What's happening with MPCX's IEO? 3 different crowd sales concurrently? (OOOBTC, MPCX's site, ProBit)

Topic: The advantage of day trader (Read 2528 times)