Topic: what is day trading? (Read 331 times)

It's often thrown at some people when they're asking what's the best way to earn money but it's more complicated as it sounds. Day trading involves vast knowledge about TAs, graphs, market depth—literally anything related to stock trading. It requires loads of patience, money and of course attention/time in order to be successful. It's also stressful at times especially if the market moves really fast and you haven't closed your position yet, you'll end up losing money in the long run.

Day trading means trading frequent times within a day itself.Mostly,day trading is beneficial in altcoin market which is highly volatile.In day trading,very low profit margin is kept since more number of trading would be done.

Day trading do signifies an active trade which you wont really leave a single order behind in the end of the day which means you do actively trade on a single day which means you would really need to be active on seeing prices. Day trade word might be simple in our ears but actually when you are already in the middle of the battlefield of knowing movement of prices it would really be hard and very risky this is why only a few did able to handle this kind way of trading.

Just for the future: you don't need to ask suck questions here, just make a small research in https://www.investopedia.com/
I'm sure you will find a lot of interesting information there about trading and investments in general. Sometimes you can even get some small hints that might be usefull for beginners.

It certainly isn't as simple as it sounds. There is a lot to learn and you need a lot of experience to get good, so you will take some big losses in the beginning. That's why everyone says use a small amount of money to start with and never trade with more than you can afford to lose.

You need to learn technical analysis and develop strategies based on educated guesses. There is a lot more to it than it sounds but if you wind up liking it, it's hard to stop.

I really didn't like to trade in crypto because I thought that I was going to lose no matter what I did. I had a few experiences with sports trading in betfair, both live (in soccer, but mostly in tennis) and pre-live (on horse markets). I wasn't very good but I had a little profit there, specially in tennis. The problem is that sometimes my trades could go incredibly wrong, specially the live ones, because even if you were doing everything right, a lucky goal could come in, or a bad play could be done, you you might end up losing the profit you were having on that game. Like I said, I was having some profit, but I decided to stop.

I decided to give it another try on day trading, now using crypto, because it's not that different from what I did pre-live in horse markets, since it's a very volatile market, and has a lot of variation in prices. I've discovered that is even easier, because I'm not limited to a small time frame to do it. On horse markets, I had like 5 to 10 minutes to trade the market. I would then need to close all my trades, because it was just to risky to allow the race to go live with an open trade. In crypto, I can just leave a trade open, and since the price fluctuates to much, it's most likely that if something goes wrong, I could just leave it open, and wait, because it will eventually go my way. I never to leverage trading though, otherwise it would be just like leaving it live on horse markets. I'm not a pro, and I just do it with low amounts, but I'm having consistent profit right now (1% to 3% daily). Like I said I'm not good, so what I do probably wont work if I try to trade with large amounts, but for the bankroll I'm using, it looks like an easy way to gather some money for holidays or something, without putting that much time in it. Time will tell if I will stop doing this or not, but right now, I'm enjoying it.

Why is it that you say that lower than half who are day trading are succeeding? I understand that some most lose for others to profit. I think that long term investing is also gambling in some sense, equally as much as day trading, there is just more risk day trading due to the volatility.

i think we made some mistakes in here my friend or miss understanding about so called 'full time traders',
full time traders did not mean he/she spent 7/24 everyday but instead trading is a source for their income.
everbody need a rest to take their body keep healthy everyday,
which mean full time traders can be considered as a people who do the trade for their living.
no matter what strategy that they play like longrun trade,midrun trade and even shortrun trade.
day trade is a strategy,
doing an act which are buy or sell daily to make profit everyday,that is why we called them daily traders.
it's very easy in theory but it's very hard to do because we need a momentum to make every profit each trade,

Usually those who are full time in trading of cryptocurrency usually doing a daily trading, it is just advisable for me for those who has time to focus here, but if you don't have the time I would suggest  to hold bitcoin and any top 10 altcoins that you would like. Day trading will took out your time especially when you are trading a lot of coins.

Day trading is also the trading in cryptocurrency. But they spend 24×7 time in trading investment. This is the actual meaning of day trading. If you want choose day trading it is difficult to understand. First you should follow the ten steps guide in day trading this is not a simple work. So before follow the ten steps you have more knowledge in cryptocurrency then you should analysis the day trading.

There are two types trading in crypto market, one is day trading or you can say it short term and another can be known as long-term.
A day trading or short term is when you are in hurry and want to target your profit in a brief time, and long-term is when you keep investments for months, years.

absolutely right,trading daily is one risky choice of earning theres only
lower that a half succeeding this everyday.daytrade partly same as Gambling
when your taking a chance about specific coin to grow price in a margin of
12 hrs or more,,


So better learn first before duelling in this kind of profiteering in which only the
best survives

Compared to long term holding of a crypto, day trading is buying and selling within hours in a single day. It's very hard because it requires a huge knowledge of chart analysis and trading intelligence/experience. You must know the evrery movement of the price in every time. I think 5% earning is already desirable.

Day trading is buy and sell to get profit in short term or in single day. Day trade is more difficult to do than swing trading/long term trading because we should be doing buy and sell continue and will be take more times to analysis the market. Important rule in day trade always patient and dont be greedy.

I never tried it since I prefer to hold my coins, but I' considering putting a small amount of fiat in an exchange and try to "scalp" the market (I think this is what they call it), in order to get profit, and always keep my balance in euros. I guess it would just work like normal forex trading. I would probably gain more if I just bought a coin and left it there, but "good" thing about day trading, is that I don't really care if the price goes up or down, since on these types of trades, money can be made both ways, and all it's needed it variation in the price. We all know that variation is something quite common in crypto, so it might be a great option for day trade.

Day trading also called intraday trading in cryptocurrency is a strategy of buying any coins in the market and selling it within the same trading day after that coin reached your target price. Day trading is very simple but not that easy to make profit because it is very risky compared to other trading strategies and there is no guarantee that the value of the cryptocurrency you bought will increase at the same day. I do day trading but not always making profit which is normal because trading is not something that you will make profit everyday. You should day trade with the money you are comfortable with, manage your emotions well and study how the market works.

Short term trading within a day is called day trading, there isn't any complicated thing that you can't understand.
It is not that simple as it seems, in fact it is more risky than long term trading because you have not much time to take to plan accordingly with the scenario as like in long term trading.

Simply put, day trading is defined as the buying and selling of a stocks/coins/tokens within a single trading day. Some people do it for a living, they just look at the stock market all day and make money by buying low and selling high.

Day trading I think originated from the stock market because usually, trading is open at 9 am to 5pm. Usually a day trader is occupied on stock market whenever the market is open as oppose to long term investors that invest on a stock and not track its progress on a daily basis. This may not be true for crypto trading as the market is open 24/7 most of the time.

It's meaning is as simple as it sounds like you've said, but actually doing it for profit? Not so much..
Daytrading simply means making trades(buy and sell transactions) within a single day; hence the term "daytrading". If you're planning on doing daytrading yourself, be ready for losses at the start. Only allocate a small amount of your funds while you're still learning.

For more information: (An Introduction To Day Trading)  https://www.investopedia.com/articles/trading/05/011705.asp

Can anyone please explain to me what exactly is day trading.
I saw in a lot of posts I'm which people mentioned about day trading.
Is it as simple as it sounds?