The advantage of day trader - page 14.

armarsterling7

member

Activity: 420

Merit: 10

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.

I do not think the day trading brings a significant profit. Because the market does not always move. In addition, the up and down of the market is difficult to predict and daily transactions will bring high risks. I used to spend 2 months trading day but I did not make much money from it. Long-term investment will be a better strategy.

Hamstead

sr. member

Activity: 805

Merit: 250

You've got huge advantage from others if you have huge capital. Of course, you take more advantage of buying more coins. Traders never get big worries even if market fall and they still gaining while holders did not. Though a life of a trader isn't that easy as you think cause they spend more time than the others.

Indrawan77

hero member

Activity: 1274

Merit: 516

If you are a good day traders you can make unlimited income from hundred to thousand in one trade, and there are no limitations how many trade that you can make in a day, the time to trade is very flexible and you can trade in your home and in any place as long as you got your gadget, day trading is a good way to make income if you already skillful, unfortunately its hard to master and not suitable for beginner, the gain is big but the risk of losing is also big

gilangIDR

legendary

Activity: 1526

Merit: 1001

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.

jerry0

full member

Activity: 1750

Merit: 186

Are most daytraders immediately selling whatever altcoin they buy/sell for usdt or usd right after they sell bitcoin? Because if you only sell it for bitcoin and keep it in bitcoin, even if you made profit at that moment, if you keep btc and btc drops, then you aren't making any money right?

rodel caling

full member

Activity: 952

Merit: 104

I agree with you last year during the last time cryptocurrency is in the moon i got earn profits by doing day trade.
Day trade help me to make money instantly but need to give quality time to monitor and research to avoid risk buy and sel strategy.

Jaycee99

sr. member

Activity: 1036

Merit: 273

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.

Well here is what going to say everything has advantages and disadvantages we could only make a good results and earnings when we know about something that could help us to make a good outcome of being a day trader.

Now this is a one discussion that I would see for a day trader that could benifit to earn.

Day trader may earn a little as I see not from an experience but still I believe with a right mind and a learning experience you could make the best out of being a day trader.

Also being a day trader can not help you with your daily expenses becaue hello the electricity buy as I see when you are employed you could make thing work and if you have a computer in your office much better

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: okocrypto on August 18, 2018, 04:34:58 PM

I agree with you on all the points except on the aspect that says much education not needed. This is because without proper education, you will not know how to master this art. So education is key in everything. Knowing when to enter, when to exit, which coin to buy and what lot to use are all technical decisions that need proper education.

Maybe, if education will not matter to him. Experience should aid him.
Doing the trading over and over again, will teach an individual the strategies to perform better.
And reading while doing this will add more confidence on what he's doing.
If he doesn't have the degree, he can always study online to equip him about the trading methods.
And to add, another advantage of being a day trader is that you can do this anywhere, anytime you want, but as long as you have net connection of course.
And you can have your holiday anytime of the year, without asking permission from your boss. Wink

okocrypto

newbie

Activity: 112

Merit: 0

I agree with you on all the points except on the aspect that says much education not needed. This is because without proper education, you will not know how to master this art. So education is key in everything. Knowing when to enter, when to exit, which coin to buy and what lot to use are all technical decisions that need proper education.

udidrone

sr. member

Activity: 2114

Merit: 268

Leading Crypto Sports Betting & Casino Platform

Quote from: Zocadas on August 18, 2018, 03:53:36 PM

A day trader, who calculates with secure huge profits, is a fooled gambler. There is no garanty for profits, even not with deep research. There are many day traders with big losses. So don't think of day trading as a job, only maybe of a chance to be lucky from time to time. Don't invest much. To see your skills in day trading 10$ should be enough to test your luck.
The more interesting way for profits is to take part in solid and innovative projects after a good research of the huge potential, that blockchain braught.

maybe some of them are like that. But there are a lot of professional trader out there can analyze a lot of coin and can pick what good coin which need short time to get profit. Maybe a small percentage from all day traders but i not believe if they only use their luck like in gambling

boy130

sr. member

Activity: 616

Merit: 263

Quote from: ChrisPop on August 18, 2018, 02:13:40 PM

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! Wink

I respect that because I think its a good point which is why not many people are risking day trading even if it can mean being your own boss or whatever. The paycheck does matter.

Zocadas

hero member

Activity: 909

Merit: 508

A day trader, who calculates with secure huge profits, is a fooled gambler. There is no garanty for profits, even not with deep research. There are many day traders with big losses. So don't think of day trading as a job, only maybe of a chance to be lucky from time to time. Don't invest much. To see your skills in day trading 10$ should be enough to test your luck.
The more interesting way for profits is to take part in solid and innovative projects after a good research of the huge potential, that blockchain braught.

lavishlifing

newbie

Activity: 143

Merit: 0

The best advantage for me is earning micro income a day, compared
to long-term trades day trading gives you opportunity to earn money
in a day although it requires more time and effort.

Dimon888

newbie

Activity: 364

Merit: 0

Also, one can add to the advantages of a day trader that he can improve his trading every day, understanding the market and all processes occurring in the cryptomir.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

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! Wink

racingboy

newbie

Activity: 126

Merit: 0

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

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.

Actually, being a day trader is not that easy as what other says. trading is
not for everyone, because in trading, specially in day trading you need at
least, let's say 6 hrs/day and that 6hrs is by reading/analyzing/monitoring
the market/chart. so if you don't like watching charts that long, then maybe
trading is not for you.

btc_angela

hero member

Activity: 2660

Merit: 551

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.

And there is a potential big lost as well. Its definitely risky but if you hit the jackpot then its a windfall. But if you are unlucky you can lose big time as well.

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

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.

This is not only a advantage for a trader because it suits everything specially a job that you are the boss like having our own business.

KorakPawon

member

Activity: 350

Merit: 11

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.

pempek19

jr. member

Activity: 98

Merit: 3

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.

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