Tips and tricks for day trading - page 3.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Oshosondy on March 24, 2022, 04:53:22 AM

Quote from: Wind_FURY on March 24, 2022, 04:46:56 AM

That's a waste of time, and your money. If OP wants to treat trading like gambling when he's bored, then OK. Deposit 50 and lose all of it like he played dice. But if OP wants to make some extra profit, best way for us plebs is to save part of our monthly salary and HODL them in Bitcoin.

My advice will always be, "Spend less than your monthly salary, budget your money, pay your expenses, then HODL the rest in Bitcoin".

From your advice, it is clear that you are a holder, that is nice and best because holders do not lose like traders. But your advice seem more like you do not even want him to trade at all, learning trading can start from anytime. Anytime it starts, new traders will lose, that is normal, but for learning and can worth it, that is why it is good to use very small amount of money to trade that the person can afford to lose. This is how it will continue and the trader will develop do and don't that will later help him and later consider to further to trade or stop after practising scalping, day trading and swing trading, or if he gaining in one than other, he can decide to choose the one that he is making profit from which could be swing trading.

OK, then you, as a pleb like me, may have "traded" a few coins, and may have made some profit from them. But do you really believe that you would win like the top 10% of traders for many years? Maybe I am wrong, and that you would "make it" as a trader, but 90% of the time, you won't because there is always a real trader who is smarter and hungrier than you. 90% of the time, it would just be wasting your Bitcoin. Don't give it away so easily.

24Kt

member

Activity: 1092

Merit: 67

Quote from: qwertyup23 on March 29, 2022, 07:42:09 PM

Quote from: jostorres on March 29, 2022, 11:15:31 AM

Quote from: Questat on March 29, 2022, 09:27:47 AM

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

He only explains what is like to become a day trader. We all want to be successful in trading but if we are starting we can't avoid to experience those things but later on we can adapt to it or we can get used to it. It's not possible to not feel tired because we are only a human.

If ever we got tired, we should take a rest because it is an essential thing and it makes you recharge so that you can do better by the time you get back in trading. For the negativities, we are always surrounded by that but like you said we can just ignore it as that can't contribute anything good in your career. What we need is a positive mind for us to keep going.

Just a quick word, I've read an article before explaining that 97% of beginner day traders lose their money on their first experience and the remaining 3% earn only as much as a bank teller. This fact shows on how much risk is involved in day trading, though it can also be extremely rewarding if you exercise your methods/techniques well.

The essence of day trading focuses on experience. If you are a beginner with little-to-no experience, then I highly recommend trading relatively small amounts of resources in order to get an overview and feel on it.

If you do really want to traverse this path, of becoming a day trader, you will indeed submit to the fact that you do need to surpass the beginner stage before you will acquire some skills and tips on how to improve your trading. This would take time and if you are not patient about it, it means, this market is not for you. Patience is also one virtue you need in this market. Sometimes it would take years before you realize you are doing something wrong with your strategy. But if you won't give up, that means, you have hope on achieving your goals for this endeavor.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: jostorres on March 29, 2022, 11:15:31 AM

Quote from: Questat on March 29, 2022, 09:27:47 AM

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

He only explains what is like to become a day trader. We all want to be successful in trading but if we are starting we can't avoid to experience those things but later on we can adapt to it or we can get used to it. It's not possible to not feel tired because we are only a human.

If ever we got tired, we should take a rest because it is an essential thing and it makes you recharge so that you can do better by the time you get back in trading. For the negativities, we are always surrounded by that but like you said we can just ignore it as that can't contribute anything good in your career. What we need is a positive mind for us to keep going.

Just a quick word, I've read an article before explaining that 97% of beginner day traders lose their money on their first experience and the remaining 3% earn only as much as a bank teller. This fact shows on how much risk is involved in day trading, though it can also be extremely rewarding if you exercise your methods/techniques well.

The essence of day trading focuses on experience. If you are a beginner with little-to-no experience, then I highly recommend trading relatively small amounts of resources in order to get an overview and feel on it.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: jostorres on March 29, 2022, 11:15:31 AM

Quote from: Questat on March 29, 2022, 09:27:47 AM

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

He only explains what is like to become a day trader. We all want to be successful in trading but if we are starting we can't avoid to experience those things but later on we can adapt to it or we can get used to it. It's not possible to not feel tired because we are only a human.

If ever we got tired, we should take a rest because it is an essential thing and it makes you recharge so that you can do better by the time you get back in trading. For the negativities, we are always surrounded by that but like you said we can just ignore it as that can't contribute anything good in your career. What we need is a positive mind for us to keep going.

If you do really have the passion then you should really ignore those negativities around but rather focus on your goal and on the time of losses then realize things on what mistakes that you have done
and try to realize off things which would really be helpful into your future possible trades which you should really be making yourself on having that fix mindset plus being versatile on different trading
conditions and results.There's no such trick about this because market is totally random and unpredictable which means strategies could really vary from time to time thats why you should really be
able to adapt whenever you do experience something different.

jostorres

hero member

Activity: 2534

Merit: 586

Quote from: Questat on March 29, 2022, 09:27:47 AM

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

He only explains what is like to become a day trader. We all want to be successful in trading but if we are starting we can't avoid to experience those things but later on we can adapt to it or we can get used to it. It's not possible to not feel tired because we are only a human.

If ever we got tired, we should take a rest because it is an essential thing and it makes you recharge so that you can do better by the time you get back in trading. For the negativities, we are always surrounded by that but like you said we can just ignore it as that can't contribute anything good in your career. What we need is a positive mind for us to keep going.

Questat

hero member

Activity: 2954

Merit: 605

Quote from: nurilham on March 28, 2022, 12:51:27 PM

There are several strategies in day trading and you can choose them according to your plan in the future and also convenience. To do day trading is a bit tiring because our focus will be divided and we also have to move quickly to make sure we get the right moment in a short time, even a matter of minutes. it will be a little troublesome for beginners but if indeed you are interested in trying it then that's good.

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

KotKot20

newbie

Activity: 7

Merit: 0

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

• Which websites are the best for analysis?

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

Thank you for your time,
Samitto.

About crypto bloggers you can follow, I can recommend Sean Benson and Crypto Michael.
They always give detailed explanation.

nurilham

sr. member

Activity: 1498

Merit: 443

There are several strategies in day trading and you can choose them according to your plan in the future and also convenience. To do day trading is a bit tiring because our focus will be divided and we also have to move quickly to make sure we get the right moment in a short time, even a matter of minutes. it will be a little troublesome for beginners but if indeed you are interested in trying it then that's good. one of the strategies that you can learn is scalping which is also good to learn but keep in mind that you can't just follow other people's strategies because the strategy that you use must be in accordance with your goals and also your comfort.

Benefactor

hero member

Activity: 1260

Merit: 504

Exchanging test system remembered for that connect so you will not lose any sum assuming the procedure you attempt is fizzled. On the off chance that you don't do an individual preparation of yourself, you may not comprehend something else that someone else use in exchanging.

kalihunter

member

Activity: 64

Merit: 15

What about guys DCA strategy for newbies? any soutces to look on it deeply?

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: smartaction on March 28, 2022, 12:34:21 AM

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

.....

Since you are new, how can you understand everything at once, how to do day trading and how to succeed in it? You should first get an idea of everything in the market and how to buy and sell tokens. How to set stop loss. Getting to know them well and then gaining an idea about token analysis will be your first task. Then you have to choose a good token and trade with those tokens. Or you can join a good trade signal group and get advice and signals from experts.

There is indeed a lot that must be understood and learned in trading especially the crypto market is not easy to predict,
that's why trading is so complex and complicated plus day trading which requires full concentration,
always have to take the time to see and analyze the market

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

.....

Since you are new, how can you understand everything at once, how to do day trading and how to succeed in it? You should first get an idea of everything in the market and how to buy and sell tokens. How to set stop loss. Getting to know them well and then gaining an idea about token analysis will be your first task. Then you have to choose a good token and trade with those tokens. Or you can join a good trade signal group and get advice and signals from experts.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Oshosondy on March 24, 2022, 04:23:55 AM

Quote from: Silberman on March 23, 2022, 04:02:54 PM

The best tip for someone like you is to stay away from day trading, day trading is for experts only

But someone can not just become expert in one day, if you are discouraging people not to trade, then no one will be an expert.

I am not trying to discourage newbies to trade I am trying to discourage them from day trading at such an early period of their trading careers, newbies could begin with positional trading in which they just make a trade every few months or so, then once they have acquired more knowledge and skills they could move to swing trading in which they could make a few trades each week, and finally once they got enough experience and they know they can earn money with their system they could start to day trade, I am just telling newbies to walk before they try to run.

barbara44

hero member

Activity: 2520

Merit: 605

Quote from: ?? on ??

Quote from: xmonkeyx on March 25, 2022, 10:12:43 AM

many tips and tricks for day trading but very difficult to apply in trading, I think any tips we learn must be consistent to apply them, because what happens in day trading is a lot different from what we have learned, price movements that are too fast make trips and tips that we learn we can not apply optimally.
Whatever the tips and tricks, as traders, you just need to be consistent in applying them and take the time to add experience to the daily trading experience that we do.

Obviously experience matter on trading. On day trading, it is not wiser decision to expect high profit at a time. We can release the trade by targeting 5-10% profit. More practical experience can help to better in day trading.

Both swing trading and day trading requires experience but the more practice you will be needing to become successful in day trading because it is riskier since you need to do all the trade within a day. It's not bad to expect high profit because this can make us motivated to become good at trading but it's important to take out small profits in trading because of the fluctuations. Getting small profits is better than completely missing the profit because the price suddenly goes down.

Yes, @xmonkeyx consistency is the key. I always heard that when I watch motivational videos. That is the only way to get successful in every things.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Hypnosis00 on March 26, 2022, 10:52:48 AM

Quote from: pawanjain on March 26, 2022, 10:29:07 AM

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

snip~

(...)
Continue learning by taking some trading courses and following Youtube channels on how to trade.
Keep learning and practicing but don't blindly follow others and repeat their trades.
Do this for a year and then start trading with money you can afford to lose.

Doing this for a year is long enough, perhaps, we can shorten it, a month or two is good enough. We don't need to master everything before going to trade, knowing the basics is enough to start because for me, the experience could give us more learning, unlike the time we just read, watched online tutorials, or even from the other idea.

Yes, we have to start in small amounts, we have to spend the amount only that we can afford to lose. Plus, taking more effort is really be needing and of course, possessing a positive mindset.

I am not saying that OP should just keep learning for a year. I mean to say is that while learning he should also practice it.
Trading with small amounts and improvising the strategies by identifying mistakes and correcting them.
I think one or two months is still a very short time because OP has to learn how to trade in different trends.
It doesn't happen in or two months. Give or take at least 6 to 12 months are needed before we can actually start trading with big amounts.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: pawanjain on March 26, 2022, 10:29:07 AM

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

snip~

(...)
Continue learning by taking some trading courses and following Youtube channels on how to trade.
Keep learning and practicing but don't blindly follow others and repeat their trades.
Do this for a year and then start trading with money you can afford to lose.

Doing this for a year is long enough, perhaps, we can shorten it, a month or two is good enough. We don't need to master everything before going to trade, knowing the basics is enough to start because for me, the experience could give us more learning, unlike the time we just read, watched online tutorials, or even from the other idea.

Yes, we have to start in small amounts, we have to spend the amount only that we can afford to lose. Plus, taking more effort is really be needing and of course, possessing a positive mindset.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

• Which websites are the best for analysis?

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

Thank you for your time,
Samitto.

The first thing I would advice is that don't follow others to make your trading strategies.
You can of course refer others and analyze their techniques but at the end you must learn and create your own trading strategies.
While beginning to trade just trade with very small amounts and try to make profits.
Continue learning by taking some trading courses and following Youtube channels on how to trade.
Keep learning and practicing but don't blindly follow others and repeat their trades.
Do this for a year and then start trading with money you can afford to lose.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: xmonkeyx on March 25, 2022, 10:12:43 AM

many tips and tricks for day trading but very difficult to apply in trading, I think any tips we learn must be consistent to apply them, because what happens in day trading is a lot different from what we have learned, price movements that are too fast make trips and tips that we learn we can not apply optimally.
Whatever the tips and tricks, as traders, you just need to be consistent in applying them and take the time to add experience to the daily trading experience that we do.

Obviously experience matter on trading. On day trading, it is not wiser decision to expect high profit at a time. We can release the trade by targeting 5-10% profit. More practical experience can help to better in day trading.

Targeting a 5%-10% profit from daily trading seems reasonable assuming the market moves like these days. But if the market movement is not very good, maybe we can lower the profit target to keep the trading day. The difficulty of day trading may be to find a coin that will have a good movement and we can buy at a low price and sell at a high price, although not too high. Yes, I agree experience is important in trading and the more we hone our skills in trading, the more we get a lot of experience, which can make us a pro trader.

henmark

sr. member

Activity: 786

Merit: 270

Quote from: Joyawan13 on March 25, 2022, 11:21:06 AM

everyone who trades day of course has his own strategy and way to analyze coin price movements, for me to learn to analyze coin prices I don't need to look for sources from any website, I go straight to the exchange and I will try to learn to be able to directly analyze price movements in the market , maybe to find out and look for altcoin information we can visit twitter or other social media to be able to find information about the altcoin we want to trade and find information about altcoin development.

Social media is usually not the best place to find tips and tricks. I mean there are actually no tips and tricks about day trading, you just learn and you get better and that's about it. The end result should not really be something that is difficult for people to handle.

I personally believe that if you study hard, then you know how to trade, and in the end you will end up with something that is positively profitable. However, if you look for shortcuts, tips, tricks and so forth then you will end up with losing some money and that would become something a bit more difficult for you. It is useless to risk your money on those cheap methods that promises the world to you.

Joyawan13

full member

Activity: 910

Merit: 100

elysian.finance

Quote from: midori_samitto on March 22, 2022, 10:59:48 AM

Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

• Which websites are the best for analysis?

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

Thank you for your time,
Samitto.

everyone who trades day of course has his own strategy and way to analyze coin price movements, for me to learn to analyze coin prices I don't need to look for sources from any website, I go straight to the exchange and I will try to learn to be able to directly analyze price movements in the market , maybe to find out and look for altcoin information we can visit twitter or other social media to be able to find information about the altcoin we want to trade and find information about altcoin development. so for strategy and analysis about trading I choose to study alone, but there is nothing wrong for example if we listen to or receive input from someone while we can make things positive and easy for us to understand with the input and strategies they suggest.

Topic: Tips and tricks for day trading - page 3. (Read 737 times)