Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?
Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea.
Topic: The advantage of day trader - page 11. (Read 2529 times)
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Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?
Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea. 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.
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.
Day trading is just another crypto trading strategy, like scalping, hedge and other tactics (more about these here https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/). All of these provide you with an opportunity to make money on your own. If you have sufficient funds for that at least.
Trading on price changes can be very tricky, especially for a market that is as volatile as bitcoin. Thus, small price changes won't get you revenues needed to make your day-to-day life function. You need a large amount of savings to do that, unless you wish to use leverage (very very risky business indeed).
Day-traders have big advantages sure.. but with power comes responsability. You don't have that comfort that whatever you do at the end of the month you will still get your paycheck. No.. The daytrader needs to be confident enough to rely on his own skills and knowledge! 
What a day trader really needs, is more profound trading knowledge, to be confident with their skills and trading. The market is rarely stagnant and every move a market makes is an opportunity for profit making unlike the case with position traders. With that so many profitable trading opportunities, not to have a paycheck at the end of a month, to the best of my knowledge is the least of worries of any savvy trader, instead we bother about receiving blank checks.
You can be your own boss, yes. But focusing into trading needs a lot of time and efforts. Also, risk is always there and newbie are welcome to experience it with precautions and a lot of knowledge. Remind yourself that trading is not always winning and earning. Losing is also part of it to gain more confident.
The main advantage is that the freedom that exists in us every day wants whenever we work and can also gather with more families than we work in offices. I feel this is a huge benefit
many of the advantages of daily traders that you designate are the right things and maybe many others that we will not be able to mention one by one. What is clear is that we use stringed capital and profit will also be obtained by the strings of all risks that occur must be resolved alone.
For me, the best advantage of a tradwr is that fhey have the ability to gain or earn profits without depending on the people around them. They can easily manage and earn by use of their own knowledge and strategic ideas. Many people today wants to become a trader so if yoi are one of them, do your best and learn in order for you to gain and achieve your goal to become a trader.
A Day trader has the advantage that they can avoid losses, because what they think is trying to make a profit and they have to make a decision even though the profits are very small. for me it's a safer way because we don't wait too long. Existing margins must be utilized as quickly as possible, the profits obtained are collected in a phase and when summed up, I am sure it generates considerable money. Day Traders reduce losses and also provide regular income for all of us.
even though trading daily gets a small profit, but if it is collected every month can be a big profit, we can rely on more daily trading than long-term trading that we can get a big loss at any time.
A Day trader has the advantage that they can avoid losses, because what they think is trying to make a profit and they have to make a decision even though the profits are very small. for me it's a safer way because we don't wait too long. Existing margins must be utilized as quickly as possible, the profits obtained are collected in a phase and when summed up, I am sure it generates considerable money. Day Traders reduce losses and also provide regular income for all of us.
even though trading daily gets a small profit, but if it is collected every month can be a big profit, we can rely on more daily trading than long-term trading that we can get a big loss at any time.
Yes one of the advantages of day trading is we can be own boss and we can make money as much as we can. Trading for living is not a dream but we can make real that by keep learn how to make profit consistently from trading. And to make profit consistent from trading in my opinion will be more possible in spot trading and for the better avoid margin trading. We can trade spot market in crypto and also stocks.
Yes.Day traders got quick profits in a short period of time so they do not wait for a long period of time just like holders to make profit.And because of that,day traders should possess more skills and confidence so they can survive in a day trading full of risks.
This is the advantage of the day traders because they will not be affected by the long term fluctuations since they are trading for a short period of time. It may be more stressful than being just a holder but if you are expert in day trading then you can have profits in just a short period of time even though the market is not doing good.
The greatest advantage of short-term trading is that it can quickly recoup capital and profits in the short term. This helps investors not be affected too much by the volatility of the market because the transaction is usually held in a short time. Trading in a volatile market is also a good way to help reduce risk in trading.
Yes.Day traders got quick profits in a short period of time so they do not wait for a long period of time just like holders to make profit.And because of that,day traders should possess more skills and confidence so they can survive in a day trading full of risks.
You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!
The greatest advantage of short-term trading is that it can quickly recoup capital and profits in the short term. This helps investors not be affected too much by the volatility of the market because the transaction is usually held in a short time. Trading in a volatile market is also a good way to help reduce risk in trading.
One huge advantage of being a day trader is the immediate market trend analytics available. In other words, for one to know what to do buy or sell, one would have immediate access to these info so they'll be the first to act before anyone else follows.
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.
Day trading has alot of advantage and disadvantages and you can get information about the advantage and disadvantages here. https://bullmarkets.co/what-is-day-trading-its-advantages-and-disadvantages/. We lose and make money from the market based on the information available to us. We are not going to trade in day trading without risk but it is very profitable if we know how it works. 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.
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.
Agreed on all your above advantages but for bigger rewards you need to take bigger risk and exactly this how day trading works.Bigger the risk better are your chances to earn big and vice versa.but I think that is an advantage of day trading. 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.
Day trading is very risky but it's very profitable trading. Day trader take so much advantage of market conditionas. But if day trader want to take full advantage and make big profits then they need to have big capital. Otherwise they can't take much advantage with quick buy and selling.
There really are many advantages.
Quick sells are the most important part of a day trader. You can be an investor and you will have to wait for days even weeks hell with this bear market for months but in the end you are not going to get anything if the market is declining. If however you are a trader than you can sell when its dropping and rebuy when it dropped enough and even have chance at making profits during the bear market days. Day traders can react a lot quicker and they have the chance to really get out before its too late, investors do not have that chance and they can't take that risk neither. Day trading is better if you want less losses but investing is better if you want bigger gains.
be capable on doing such trading matter.I cant really deny that day traders do really have the advantage even seeing a very bearish market they do still able to make profits on such movements.
Not all people do have that kind of capability.
A Day trader has the advantage that they can avoid losses, because what they think is trying to make a profit and they have to make a decision even though the profits are very small. for me it's a safer way because we don't wait too long. Existing margins must be utilized as quickly as possible, the profits obtained are collected in a phase and when summed up, I am sure it generates considerable money. Day Traders reduce losses and also provide regular income for all of us.
even though trading daily gets a small profit, but if it is collected every month can be a big profit, we can rely on more daily trading than long-term trading that we can get a big loss at any time. Jump to: