WHO DOES CRYPTO DAY TRADING? - page 3.

Zigabel

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

I don't know what level of experience you have got in trading but if you have got anything below a year of experience I will advise you leave crypto day trading alone and rather focus on gaining knowledge and that way you will be able to get more out of your trading than just jumping into it and having to learn the hard way and loose money, I will advise you go for knowledge First, know as much as possible and than you can now start thinking of possible implementation of that which you have known and how well to apply it but I would want to caution you that investing is always more preferable against trading and trading is never a guarantee you would make good money in cryptocurrency.

Hodling remains the best you can do as your level of guaranteed profit with hodling is higher than it can be with trading but then you can actually make good money trading if only you have the right knowledge and apply them appropriately as you should else avoid trading crypto.

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Day trading in completely a different approach as far as investments are considered.Long term investments doesn't need much research as there are number of resources through which you can get the history of the coin.You can easily determine how it has worked in past and you can then determine that what will be its future.

While in case of day trading it's very difficult to guess the behaviour. A very deep knowledge and efficient skills are required to gain profit on investments as far as day trading is considered.If you don't want to lose money have a deep research and get some experience by investing small amounts this'll help you otherwise it'll be very difficult for you to go on the right track

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Quote from: mk4 on February 28, 2024, 01:39:26 AM

Longed Solana with leverage in December with 14x leverage and ended up being up around 250-300% in just less than 8 hours(if I remember correctly). With that said, I wouldn't recommend active trading and most especially leverage trading to anyone. 95% of people are far better off just holding spot.

Or not "day-trade" entirely. Merely be a pleb and HODL the best coin in the cryptocurrency asset class there is called Bitcoin. Cool

No "logs" for trades, no Excel Spreadsheets, no Technical Analysis, no Indicators, no charts, simply buy then HODL. You'll have better sleep, better mood, and you'll be healthier and it will save you from mental insanity.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

Do you have an extensive experience in trading? Because day trading is stressful and very risky.
Any coin/token will do in trading as long as there's a good volume and you have to be mindful that in day trading, you still need to analyze the price trend so you can know how to set-up your target price. Day trading can be profitable if you know how to do it properly, better to test the market first before trading big money.

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Quote from: boty on February 28, 2024, 10:58:43 PM

Quote from: batang_bitcoin on February 28, 2024, 05:24:13 PM

That's long time ago for me and I don't do it anymore. I can say that it's not worth it for me to do those day trading stuff and the expectation of making some decent profit. I'd just set a position for how long and then will leave it there and set some some selling position whether it's reached or not, my money is just sitting there. And with the motivation that you're having, I'd discourage you to think on how much daily profit someone can do with it. Just take it like some other days are good days and there are bad days. With that, you'll think to yourself if you are for day trading or not.

From the many experiences people have told about day trading, I think it would be better to avoid day trading if we don't want to lose money on the trades we make and indeed it would be better for us to hold until the profit we feel is sufficient then we will be able to make a profit from holding. within the time period that we have determined, of course this will be better than expecting profits that we will not necessarily be able to get in daily trading and I have never tried it because there is a big possibility that if I do that I will lose my money in daily trading.

That's right. Day trading provides more losses instead of profit and that's why if someone who wants to make money, it's better to hold. Like what we're having now with Bitcoin, if you're just holding and watches the market, you're in profit effortless and sweat less. But can't also stop those people that want to day trade if they have a dream to become a day trader someday. If they are good on it, they can continue but if they have no luck in doing so, they can always change their minds and choose a better way and that's to just hold.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

You have to find out for yourself, because asking people, even if they are experts, will only lead you to regret when it turns out that what was conveyed does not match your expectations, and also by finding out for yourself will increase your knowledge about the characteristics of the existing coins. also how the market works on these coins.
Coins with high trading volume on major exchanges will give you the opportunity to be able to trade at any time and their movements are quite fast compared to coins with low volume.
Coins that are being pumped or in a bullish period will move very quickly but you have to be careful because trading will not always give you profits but also losses if you do it without being careful, even being an investor by buying and holding it for the long term will give you more profit in my opinion compared to day trading.

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Quote from: batang_bitcoin on February 28, 2024, 05:24:13 PM

Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

That's long time ago for me and I don't do it anymore. I can say that it's not worth it for me to do those day trading stuff and the expectation of making some decent profit. I'd just set a position for how long and then will leave it there and set some some selling position whether it's reached or not, my money is just sitting there. And with the motivation that you're having, I'd discourage you to think on how much daily profit someone can do with it. Just take it like some other days are good days and there are bad days. With that, you'll think to yourself if you are for day trading or not.

From the many experiences people have told about day trading, I think it would be better to avoid day trading if we don't want to lose money on the trades we make and indeed it would be better for us to hold until the profit we feel is sufficient then we will be able to make a profit from holding. within the time period that we have determined, of course this will be better than expecting profits that we will not necessarily be able to get in daily trading and I have never tried it because there is a big possibility that if I do that I will lose my money in daily trading.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

I remember the time when I was still trying to do this day trading, especially in futures. I already set a plan that whatever happens, I need to earn X amount of dollars as profit. I made trades here, and there until I reached my daily target. That continued profit lasted for about a week until one wrong entry in the future made my money diminished in about a few hours only.

Curiosity will not lead you to be profitable in day trading, and I would suggest not doing it at least for now that you're a newbie (I assume). Do spot trading first if you want to trade. Don't jump straight to futures or you will get liquidated very quickly. Trust me, I'm not doing day trading in crypto, but I've seen people losing their money including myself doing this one.

batang_bitcoin

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

That's long time ago for me and I don't do it anymore. I can say that it's not worth it for me to do those day trading stuff and the expectation of making some decent profit. I'd just set a position for how long and then will leave it there and set some some selling position whether it's reached or not, my money is just sitting there. And with the motivation that you're having, I'd discourage you to think on how much daily profit someone can do with it. Just take it like some other days are good days and there are bad days. With that, you'll think to yourself if you are for day trading or not.

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Well, in my previous days or previous trading, I did fay trade, but for some crypto coins, usually altcoins and memcoins, and also bitcoin, I got tired of it because day trading is stressful in both mental and physical aspects. That's why I stopped day trading and focused on the long term, as there are more chances that you will be less stressed. I don't know what coins are good for day trading. Maybe those altcoins like Ethereum, XRP, and many more are more like coins that have existed for a long time. You can also do bitcoin, but the thing is, bitcoin is more efficient for long-term trading, or, in short, holding it for too long. Example: Right now, bitcoin will be making another historical event, which is the result of those investors who hold on to their bitcoin for the long term. Anyway, good luck if you really want to do day trading. Just be prepared for the hard work of it.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

I don't do day trading, but once I also started to fascinate by it and tried to learn it from YouTube and other free courses, and learned a few basics indicators that would help me to judge the market, besides that, I never did day trading, less number of people do day trading due to the stress and pressure, for example, if you would be doing day trading to the day you would have made profit and loss both. As BTC went from $59k to $64k and then went back to $59k this have liquidated million of traders.

I suggest even if you want to start day trading, first try your luck with paper trading or backtesting, as this will make your strategies more valid and build confidence in you, confidence is all we need, BTW I would love to hear what fascinates you more and are you planning to do day trading in Future? As, if big profits facinates you and free money from Future facinates you, then they are bad things to facinates on.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

The fact is that regardless of the results that will be published, you will not be able to repeat them in reality, as it depends on your level of knowledge and many other factors that will vary depending on the phase of the cryptocurrency market. Moreover, some here may write about super results that have never happened.

snowpega

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As far as I remember I have taken only two-day trades from the day I am in the crypto space after that I started to invest in the long term well I am not saying I will not take any day trades anymore but I will take them in the future.

I had a day trades in two newly launched projects which were JITO I have made 2.4x from this trade and another was in Sats but I don't remember how much I have earned from this. Both of these trades were in Spot and Both were successful trades luckily. I am not a good trader and do not have good knowledge about Technical analysis but I can do fundamental analysis. I am on the learning phase about the Technical analysis when i will feel now i have much knowledge then i will start to do day trades but i know the fact in the field of cryptocurrency more we have knowledge will be counter as less which means we always have to keep learning

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

I bet you came to the conclusion that you can make tons of money from trading after seeing a video from youtube or other social media but day trading is the most risky and you could lose profits in no time that you made all day long and if two bad trade then you could lose from your capital too.

Day trading og BTC/USDT or other stable coin is the less risky compared to other coins still its not recommended to begin with when you are new to trading.

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That would depend on the amount of capital you will trade with and how you will manage your trades. That's going to be your lifeline and your control over whatever you are going to do. There are different markets and you need to know what your strategies are going to be. You can use tools like Gunbot if you like.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

Are you also newbie in crypto trading? If yes, then I don't recommend to you for go in day trading, It's very difficult to success even for professional traders.
You can trade in long term and I hope you can success just buy some good altcoins and If you have good fund then invest in Bitcoin for 3 to 4years.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

You did not told us anything about your prior investment experience, do you have any or are you a complete newbie when it comes to this? If it is the latter I will tell you have almost no chance of succeeding, so do not torture yourself asking about the best trades other people made as you will be unable to replicate their results.

It is better for you to start as slowly as possible and just become a long term holder, then use all of that time to learn more about the markets in general, and once enough time has passed you can reconsider your decision to become a day trader.

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The experiences of others will not help you in knowing whether day trading is profitable or not. Day trading is advanced trading, so if you do not know trading or have tried to do it, you will most likely achieve losses.
I prefer trading in altcoins/USDT pairs, as the probability of making a profit is better, and the profit is in dollars. You can achieve a growth rate of 10% at best per month, and a rate of 5-7% on average. If your investment is $1,000, what you will get per month is $50 at best. For beginners, losses may occur.

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Quote from: Doodley510 on February 27, 2024, 11:01:35 PM

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks

Who does crypto day trading?

They are two types:
Professional traders who can trade daily and get profit daily. Very scare traders can be professional and get daily profit.
Another type of traders that is most common, greedy traders and they are unprofessional. They want to get daily profit and want to get rich from trading but as described, they are unprofessional and even lack of knowledge, experience so they will end most of days with loss.

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Since you say it is out of curiosity, this means that you are not an expert in trading, so I do not advise you to trade daily, and if you want to experiment, you should start with a small capital in the beginning. I also advise you not to use leverage at all in the beginning until you gain the necessary experience.

If you are not an expert in daily trading, you must first acquire the necessary skills because it is not as easy as some people think. You must observe and learn first and be patient until you feel that you have become qualified to trade.

Topic: WHO DOES CRYPTO DAY TRADING? - page 3. (Read 632 times)