Topic: with market conditions like this, are there any tips for continuing day trading? (Read 355 times)

You are definitely right aside from that trading ain't that easy you have to learn a lot of things to earn profit and in learning things we aren't familiar about will take a lot of time and effort that's why newbies also need to have patience. Sometimes strategies won't work and we will experience losing money, most of us had experience it and I know that it makes us realized our mistakes especially at making decision but for me since the current situation of the market isn't good I will just hold it because in that way I will avoid losing money, the choice is in you it actually depends. Looking for some tips is great but some of them doesn't work and you will just end up regretting if you don't make right decision its like when we are looking for a good exchange we are asking for some tips and guidance but sometimes all we need to do is ask ourselves the things that we are looking for like it has fast transaction in transferring assets and funds like darb exchange, this exchange is a good trading platform that has demo account that can newbies to trade well aside from that it can also be a crypto wallet where you can store your assets. It has high security so you can assure that your assets are secured from hackers. It is definitely risky and we can't always expect that some tips will leas into positive outcomes.

That time is the issue, many of us who does other day job outside our home or find ourselves always on the field wishes that we trade virtually every day without missing a day out but time has always been a major barrier even despite the fact that we can still trade on our phones on the goal, the only chance some of us get is to open up the trade, set the trade and probably set stop loss and take profit but to open analysis tools up to monitor the trade has been almost impossible.

I wish there was software that could do the analysis for one and also trade crypto on one’s behalf but I think this is not completely possible for now.

Although today's market is changing at a certain price range, we should always be prepared for a new downward trend or a new upward trend. Especially in recent times, we see that many project teams and grocery services have organized so many events that they offer us new opportunities to trade daily. The activities organized by the market services, the innovations and works carried out by the project team definitely cause small increases. Therefore, we should follow the agenda on a daily basis and analyze the positive news thoroughly and evaluate it quickly.

Day trading is a very risky way of trading and highly profitable.  It is still very important for us to develop our skills and intelligence in how to day trade profitabily. I think that this bearish market it is the wise investors that do make good winning.

Higher chances of success being a day traders is when you have enough time to review and analyze the market, even inside this bearish trend you'll be able to catch some good coins to trade as long as you have good background check with its current status, know your coins and follow them to ensure profits to follow you.

Most people that really rely on tips are quite lazy, they want to all go into trading and make money without properly having an idea about how the whole thing works, many don’t even make use of their technical and fundamental analysis, they strictly rely on tips and intuition.

I understand this very well because I have also in one way or the other practiced this laziness in the time past, especially during my forex experience, I saw the use of charts has been too difficult and waste of time but until I learnt my lesson after one of the wrong tip I got made me lose all my investment, it was at that point I learnt to make us of technical analysis personally.

Yes.I really believe that the more experiences you have in trading,the more chances that you will be a good trader and make good profits as time goes by.As a day trader,you should be updated with the price charts 24/7 so that you will not end up trading with a loss.It's still better to make small gains continuously than to never make profits at all.

Well, investing about 10 ethereum for a day trade profit of $20 per day is some how to small in my opinion because there is a tendency that you may lose at the end of the day too. Although everyone has his or her own methods of trading that benefit him.

The current market is some how stable and day traders will have to be patience since the profit/ loseay not be as the second what it use to be when the market fluctuation was very high. Although, if a trader have huge sum of money for day trading the turn over from day trading may be huge if everything move in your favor.

Since you are doing day trading, I don't think the current market condition will actually have a huge impact on your trading. Just continue to do so in the same way you were doing. Study the daily graph properly. Make sure you keep yourself updated with the exchange every now and then. Don' forget, the more you will be trading, the more you will understand the market situation and the easier it will be for you to trade.

Do not forget that trading is the most profitable way of earning. And the main advantage of this method is that you can earn in any market. Therefore, experienced traders always trade profitably.

I personally feel that this is the right time to earn from day trading. Just look at the growth trend. The growth difference is less. Hence set your profit threshold to minimum and trade between the price travels through. Get in and out for minimum 4 hours a day with minimum 10 ETH for an example. This 10 ETH would certainly bring about minimum $20 per day.

In bear market, it is not really hard to make profit, the only factor that has been making it look too difficult is because of panic sell that most weak investors do and the fear of the coin getting dumped at any time which might lead to fatal loss when trading, I agree with you but now that the market has bottom, most weak investors has already left the market and most coins are all reaching out for upward prices now and even if there is going to be any fluctuation in price, it is usually in favor of bull now though the price difference might not be much but the little profit on them is still worthy of taking.

It is really just "whoever uses trends better" at this point. You have to follow up on the trends of the price movements and react to them the best way you can. Bitcoin going down a bit ? Then buy bitcoin when the going down stops. Bitcoin going up a bit ? Then you have to sell bitcoins when it stops going up. That way you can literally make money to the fullest during this time period.

It is certainly not a daily thing and it is not day trading but it s quite short term trading and you can do it couple times a month easily, probably like 4-5 times a month which is really good enough for this market situation. You can't hope to make profits daily on a market that is this much stagnant, it is not moving enough to make it a valid day trading opportunity for the traders.

Well, in this market situation you can follow two pronged strategies, use 70 percent of your funds for long-term holding and with the rest of the 30 percent go for day-trading.

That is, if you know how to read those trend and take advantage of it, otherwise it's going to be hard to make money day trading if you don't know at least some basic. With that said, if you love day trading, then try to learn and anticipate what could be the next move based on the trend of the coins you are planning to day trade. It sounds easy, but it's not, you also need to have some mental toughness and know when to sell and book profits. But for those who doesn't want to complicated things then you have the options to just HODL, just saying.

Tips for continuing day trading?  Well in my opinion it's up to you actually and you really don't need any tips for it because to be honest in a simple technical analysis in the market you can easily get and idea and strategies about it wherein if it's really good to continue or not. so i suggest bro stop relying on others and sometimes make your own move to answer your all question it's very simple problem actually.

At this market condition it is best to hold the coins whenever we make profit we can't trade crypto with slight margin growth why because the market movements are very less these days

As long as there are fluctuations in the price charts, day trading will still be a good options to earn profit. For sure there will be times of losses and profits just make sure to rebound higher than losing.

I do not really recommend that you continue to trade every day continuously in the current market conditions and indeed I also admit that now is an inappropriate time to trade every day if it is not based on detailed knowledge, it takes precision to observe the market accurately every movement every day, is not as simple as what has been discussed here, if to make a long-term investment is very good if you have very good funds, all must be prepared for future risks because the market is very difficult to predict with not too much increase but more losses that must be prepared when falling at the wrong time.