Topic: The advantage of day trader - page 9. (Read 2528 times)
Trader's more profitable than other crypto earnings if you have a big funds for trading you will earn a big money for it.
If you have the character of a day trader, it is good for you that you are able to earn daily on trading. And that's what I'd like to learn actually, but I know its not that easy to get that. I can't even imagine that if you do day trade, you have a capability to control of how many profits you want, it may not be fix but for sure at the end of the day in trading you would get profit.
It is still not sure though that at the end of the day you would have a profit. Day trading needs a lot of time and dedication but if you are really serious with it then your effort would be worth it. If you want to learn trading then day trading would be the best way to learn because you are always looking at at the market and eventually you will get familiar with it. You will notice that you can already control your emotions and wouldn't be affected by what others are thinking or trading.
As a trader is more on potential than investors Because traders always exploring new coins to buy and trade it to earn a extra profit. Because advantage of traders and investors is different.
As much as day trading can be very profitable, I still wonder how people tend to cope with it. The thing is that you do not have to day trade before you make profit eventually, and usually for day trades, which are not usually for the big wins depending on your strategy, but most of the time, it is usually based on how knowledgeable you are to be able to trade effectively. Day trading is something I feel it is just too much but it is all good as long as you know what you are doing and moreover, you can even be trading high time frame and still be say trading anyway. One thing with trading and not just day trading is that as long as you know what you are doing, you are really going to be fine
If you have the character of a day trader, it is good for you that you are able to earn daily on trading. And that's what I'd like to learn actually, but I know its not that easy to get that. I can't even imagine that if you do day trade, you have a capability to control of how many profits you want, it may not be fix but for sure at the end of the day in trading you would get profit.
As for me the main advantage is in independence from market - no matter what is current situation you can generate profits by trading.
Indeed, day traders can always make a profit regardless of the market situation is bad or good, more accurate, their capital is always very flexible, it never froze because they never held for too long, the collapse of the market or the slumping phase, all do not affect them too large. In addition, their profits are always high as long as they have enough experience to handle the situation, and they can be very diverse in their investment choices, these are the advantages that the holder never attainsDay trading is a whole lot complex than every other style of trading as you need to keep monitoring the charts every single time, but one thing is that sure it can be promising, but the same way it can be promising, that is the same way when you do not have the knowledge, you will most definitely see the bad side of it. That applies to every other style of trading actually, but day trading being the most risky; you will really not be doing yourself well if you are not confident with a strategy or if you have none.
The biggest advantage that day traders have is that they can quickly get profits and capital in a short period of time, which reduces the risk to investors in the current volatile market. . If you have good technical knowledge, this is the time that investors can use to make a profit.
1% per day is the minimum target that keeps the mood in trading going. the most important thing is that in every trading activity it is necessary to monitor the flying hours that are constantly honed. I consider the daily trading experience to be the best to be wiser in taking every conclusion in fluctuations that continue to be different.
freedom in determining personal income. as a daily trader, a daily trader is free to determine his daily profit.
have more time with family. because daily traders on crypto are mostly done at home and playing with family.
free to determine working time. Daily traders do not have a fixed time. if the target is reached, then the work can be terminated. even if it happens within 1 hour of trading.
have more time with family. because daily traders on crypto are mostly done at home and playing with family.
free to determine working time. Daily traders do not have a fixed time. if the target is reached, then the work can be terminated. even if it happens within 1 hour of trading.
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.
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.
Day trading is hard especialy when you have low emotional quotient to cope with the market's behavior. Day trading is risky as you are trading on a daily basis, its either you gonna win or lose everyday. What made it pretty difficult ia you nees to monitor for the prices of the coins hourly, you need to study the charts every a while just not to lose or avoid being bankrupt. 
The biggest advantage that day traders have is that they can quickly get profits and capital in a short period of time, which reduces the risk to investors in the current volatile market. . If you have good technical knowledge, this is the time that investors can use to make a profit.
in Day trading we can good returns in short time but v must b very discipline and should risk a definite amount
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.
You just make it seem so easy to do. Day trading is not easy and you can’t do trading if you don’t have another source of income that you’re relying on. So it’s best to have another work doing, where you can be able to raise money and invest in 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.
You know there are times when you will lose money in trading, and if you’re relying on day trading then you will end up being a loser. But when you have another source of income, that doesn’t affect you in any way.
I think there's no one has a confindenet to proceed day trading if they dont a have a source of income on its side. It should be have because if they proceed with no other extra money or sour of income to replace from losing. They can't enjoy playing day trading anymore.
As for me the main advantage is in independence from market - no matter what is current situation you can generate profits by trading.
Indeed, day traders can always make a profit regardless of the market situation is bad or good, more accurate, their capital is always very flexible, it never froze because they never held for too long, the collapse of the market or the slumping phase, all do not affect them too large. In addition, their profits are always high as long as they have enough experience to handle the situation, and they can be very diverse in their investment choices, these are the advantages that the holder never attains
As a trader is more on potential than investors Because traders always exploring new coins to buy and trade it to earn a extra profit. Because advantage of traders and investors is different.
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.
The most important thing in trading is emotional discipline and without it no one can be sucessfull trader wheather day trader or longterm trader, Mostly people can not control emotions thats why they loose money. 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.
people who benefited greatly from their day trading, but there were also many who suffered defeat in their day trading, for those who panicked because the coins they bought fell, from the high prices, and after that many traders panicked at that time they had selling coins that some of them have with prices falling, and they sell it when prices fall, which makes them suffer defeat.
Beyond the mentioned advantages day trading is easy to start with some capital and you do not need to be a licensed trader,
just need a laptop and internet connection. Another advantage is that you are in control of creating your own success.
just need a laptop and internet connection. Another advantage is that you are in control of creating your own success.
Each and every traders has Different techniques to trade their investment so day trading is also a benefit table where evening but when we are getting into it we need to spend much more time then the normal trading so it is tougher but the profitable is also begin when you had experience in day trading that's all.
Beyond the mentioned advantages day trading is easy to start with some capital and you do not need to be a licensed trader,
just need a laptop and internet connection. Another advantage is that you are in control of creating your own success.
just need a laptop and internet connection. Another advantage is that you are in control of creating your own success.
As for me the main advantage is in independence from market - no matter what is current situation you can generate profits by trading.
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.happening, but the risk is big enough because if you're not carefuly maybe you will lose because prices will tend to decrease
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