What kind of trader are you - Day Trader or Swing Trader? - page 2.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: mersal on December 12, 2020, 03:10:40 AM

I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.

Trading at this season is a good choice too. Most altcoins now are on uptrend since the year is ending and bitcoin is predicted to break its ATH this year. It's riskier to trade when it's bear season because you don't know how low the price can go. I prefer trading during these times and less risky imo.

huiji2011

full member

Activity: 265

Merit: 100

Neither of the two, day trading is too hard for me, is very busy and i generally lost at the end, i am too stupid to do this day trader job. Swing trader, i guess i'm not too, i usually keep coins for months, even years. Only if its price reach my psychological price or i am out of cash, i would sell.

mersal

member

Activity: 1204

Merit: 38

I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

I am just an occasional trader because I mostly buy and hold Bitcoin, altcoins, etc. I wanna do day trading but it’s not my calling yet, but I am still learning about the skills, etc. Before I am confident in doing day trading, I usually practice myself in Newscrypto’s trading simulator 2.0 with a demo amount but trading in real time.

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

Quote from: winrate.io on December 07, 2020, 04:48:02 PM

:....//...:Joel

Hi! Joel
If you ask empirical people who are successfully engaged in trading without studying or learning what their strategies are called, or what type of trader they are, they don't tell you anything specific, but if you explain them they end up telling you; aH! that is (eg) Swing Trading is this or that, so makes me tell you that sometimes I use common sense more than anything else, sometimes it is " talent " othertimes" luck "but without a doubt one ends up applying one or another strategy that guide you in a certain style.
I am not "married" in a trading style ... but I like to read and study them.

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: winrate.io on December 07, 2020, 04:48:02 PM

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.

All the best,
Joel

I think i can categorize myself as a day trader, I set targets of 5-20% profits for myself on different trade pairs at the same time. I draw out a trading chart, analyse it and get in to the trade setting a politing stop loss limit to ensure that my losses does not get deepened if anything goes wrong

All methods of trading are good and easy, as long you can do your own research and develop a strategy for yourself

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Lordhermes on December 10, 2020, 05:15:29 PM

Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.

you can fit in the no. 4 on his list because no.4 is others/explain and you already named your category as a signal subscriber or you can also fall on the pump and dump groups because those people are also dependant on the signal of the founder of the group .

you didnt choose to be like this imediately but you also tried to trade on your own , i like that although trading on your own didnt work well and now you found your worth on that kind of activity .

me i will fall on the newbie because im still figuering out on how to trade because i was foccusing too much in investing

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: winrate.io on December 07, 2020, 04:48:02 PM

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper

hello joe

Until now, the Day Trader / Scalper strategy is still a comfortable strategy for me personally. and this is quite effective for us in controlling the movement of our money from day to day. although the benefits are not as big as we expect. but I personally keep trying to be consistent in taking advantage of how much.
well sometimes the satisfaction can't stop there, we need to be patient when it comes to selling, it turns out the price is getting up. it is very common.

winrate.io

copper member

Activity: 107

Merit: 3

Quote from: xSkylarx on December 08, 2020, 04:05:26 AM

Day trader so I can monitor my daily profit and analyze it weekly or monthly how much I earned through that time. As a day trader, I can also position myself depending on the market's movement on that day. It's also less risky and sometimes I can choose what crypto to trade so I can gain more profit.

Thats a very good point and I think the same way. With day trading you can rely more on statistics. With swing trading or chill trading, you make fewer trades so you will have a harder time figuring out whats working or not.

bitmexscalper100x

newbie

Activity: 18

Merit: 0

Quote from: Shasha80 on December 09, 2020, 06:32:28 PM

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

What you are saying makes sense,you basically have to be glued to the chart, and its all pattern recognition after that. No shortcuts, just patterns and some psycology but you can start a scalp and end up swinging a nice chunk of profit like he says, just timing. Check out my live trade video below to see what i mean.

ITF

---------------
Check out EP01 +146% in 64 Minutes https://youtu.be/RlzeLc6foyk

Lordhermes

sr. member

Activity: 1232

Merit: 379

Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.

winrate.io

copper member

Activity: 107

Merit: 3

Quote from: Luzin on December 08, 2020, 03:04:02 AM

For now I do two techniques, but scalping techniques are the ones I use frequently. I did this because I had little capital. Actually I like holders for the medium term because I used to do that and was successful. But it requires a strong mentality. I think now is the perfect time to select some coins to hold.

Scalping is really nice. I like that as well, but it really requires a lot from the trader. It can hit so many emotions and it's easy to break rules. But once mastered, it can be really efficient.

Quote from: Astvile on December 08, 2020, 03:16:59 AM

I have tried many trading strategies but what really worked out for me is day trading and scalping. I've been trading for like 3 years and so far day trading and scalping gave me profits that I want it is not that big but hey profit is profit as they say. I fit on my strategy maybe because same as you I am quite impatient and I want something to do or watch something everyday.

Thats awesome to hear Astvile, that day trading and scalping is working out for you. Can I ask which exchange you trade on and which coins?

All the best,
Joel

Quote from: boyptc on December 08, 2020, 03:50:37 AM

Quote from: winrate.io on December 07, 2020, 04:56:10 PM

I think your style is very common. I agree that beginner traders should not jump straight into scalping.

My best advice to beginners is to try whatever style they want, even scalping or day trading, if they follow this simple rule very strictly: Only trade with amounts like 10 - 100 USD until you are profitable.

Day trading or scalping is very risky for beginners. I don't advise them to do so.

I know that day trading will make you survive in the long term but it would teach you a lot of lessons first through losing. I'm more into chill trading that I'll buy when the market dips.

Wait for a moment then sell. The very common trading style. No need for much time of looking into the charts.

Cool, chill trading is nice. I did that back in 2017 and 2018, I enjoyed it. Then I got cocky and setup a lot higher goals, therefore I started day trading. Then I lost a lot of money before I finally got profitable.

[moderator's note: consecutive posts merged]

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: Shasha80 on December 09, 2020, 06:32:28 PM

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

You make "huge profits" out of day trading? Can you provide some evidence to prove that? Or do we have to trust you?

Because, I know that plebs like us always get the worst end of the trade.

Shasha80

sr. member

Activity: 1876

Merit: 318

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

globalpain

full member

Activity: 1260

Merit: 103

The OGz Club

It's better to choose to be a day trader, because the more profit will be in day trading,
you can use a minimum capital of $ 50 to get $ 1 per day

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Quote from: Gotumoot on December 09, 2020, 07:29:49 AM

I am a swing trader but I do both of them if I could and I achieve the price that I am aiming for.
Before I buy a crypto I would first set a price where I would sell it.

What I am looking forward as trader who do swinging, is that the present risk on different aspects once fluctuations starts happening. Pressures and emotional struggles will affect every decision making, so I recommend setting up a target value when selling your coins with limit. On this strategy you can just have chilling times, and it helps you cope us with stress.

winrate.io

copper member

Activity: 107

Merit: 3

Quote from: santiPOGI on December 08, 2020, 02:05:53 AM

Quote from: winrate.io on December 07, 2020, 04:48:02 PM

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.

All the best,
Joel

I'm a day trader, but if you are a beginner only then you go on to this kind of earnings in cryptocurrency it will be hard for sure for the
neophyte to earn quickly here due to its not that easy to understand what it is. That's the disadvantage if you are starting new here in this type of business.

Yes, I totally agree. It looks so easy when experienced traders are doing it, but you have really no idea when you're new. If I would start over from scratch with no experience, I would trade with very small amount or paper trade until I'm profitable on paper.

davinchi

legendary

Activity: 2100

Merit: 1058

Investor? I mean how could you not put the most known version of it as an option here? I am an investor, I buy bitcoin time to time, it all depends on how much money I have, sometimes I have none at all and do not put any money into it, sometimes I have a lot and put it all on bitcoin and sometimes I have just a bit so I put that. I even had times when I had no money at all and had a debt to pay so I did that.

Now I am working freelance from my home with my PC and my PC is very old and doesn't work properly, it acts up and crashes all the time which makes job so much more difficult, I even had to start all over again because of it few times, next time I cash out my bitcoin savings will be to buy a new PC. I just see bitcoin as savings account for myself.

Mejoress

newbie

Activity: 27

Merit: 3

Well, we are not talking about a religion, graphics should not prevail over logic, and even if you feel more comfortable with a type of trading should not exclude others. There are great opportunities in day trading, in week trading and in long term trading.

Dividing the investment into lots is hard to understand, but if you divide it into, for example 20 lots, you can do day trading with 5 to 10 lots, and keep your long term investment with the rest. And you can add lots to both tradings depending on the volatility, regulations, etc

For example with stocks, i have 15 stocks currently, and i don't want to sell them until march - june. But i have done a lot of day trading and a lot of week trading with other stocks with more volatility, like Hertz, Wirecard, or JCPenney (sold this morning). And JCPenney is a good example, 2 days ago exits bankrupcy, and this same day +35%, that would have been a great day trading. But why to sell when it's so obvious that the price can only go up?

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

I just new to trading and just trading crypto currency only, I tried to trade in the forex trading but seem like that place is not suitable for me especially the platform they use.

I tend to be a day trader/scalper so far, since I have to get money to meet my family life although I realized now that new trader is not worth to make trading as a source income.

And I guess the trading fashion will change time to time especially for beginner. The beginner doesn't know all the market condition, the may need a long time to choose that his strategy is really suitable for him. Like me now, maybe I'll try to be a swing trader to compete with a day trader.

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