Topic: with market conditions like this, are there any tips for continuing day trading? (Read 384 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.

Traders still market profit on a bear market because even while itvis down, there are also some buy within and people make money on it. If you can not make profit though, it is better to stay out for now and even yourself with something else till market recovers.

I don't have any age strategies what I can do in the previous days I will follow this situation also the only think is the panic will increasing every time when the market is going down otherwise making profit is also same like the normal situation in trading.

If you are not really experience and know the market situation then its better to stop trading, its still possible to make a profit despite the bear market condition, when the market still fluctuative then the chance to make profit still exist, but in bear market the difficulty of making profit is increasing, once you make the wrong move the lost could be fatal

Any times is good for day trading , even in bearish trend we can make profit by shorting potition in margin trading, we have to understand about trend of market, if the trend bullish just like now is better make trade on spot market by potition long. So the key is understanding about the trend, the trend of market only divide in to bearish, sideaway and bullish.

 Common tips for continuing day trading is to build a new strategy to protect your portfolio and to reduce risk situation. Because there's no other ways for it to exit especially if you have huge losses.  So much better to stay and build a certain strategies to regain losses,  indeed everything is temporary which for sure soon there will be good situation again.

Same here. It was all good until that last paragraph. It is still better to be knowledgeable to all things involving crypto whether it be mining, investing, or trading.

What i do is hold and hold until my coin get pump and until now bitcoin and other coins is slowly pumping up so it's better to hold up to earn a huge money also and not always lossing.

The basics of daily trading is more important to learn how we can predict and how and when we can sell our investment and the day it will be enough for a trader to get his income everyday but the most important thing is experience if you don't have that you will not get successful

the condition of the current exchange place for daily trading is no longer able to provide you with benefits, precisely when you trade it will risk the loss that can occur at any time to you.

In this situation you should have clearly stop loss and take profit point and always follow it. Use small target for your strategy and ignore news because news can't make you think again not action. Day trading is difficult but it doesn't mean can't do, follow your strategy and stop when reach the target, repeat again next day.

I would like to make a small correction, we are no longer in a bear market, this phase is a side-ways market, until we make a lower low - this theory is still valid.

this type of market is a great platform for day traders, it's the worst for those long term guys, but for a day trader if you don' make enough profit in this market condition, then something is seriously wrong with your strategy.

the best strategy for these types of markets is trading the break-outs , the only time btc will make any good move is by a break out of support or resistance,  this strategy helps in setting a good SL/TP ratio too.

something like this >



it's not a rocket science, just learn how to sport trends and horizontal S and R , wait for a break out, SL is under/above trend , TP is the next S or R line.

If you are an experience day traders you will understand that you did not need much volatility to make money from the market and as such now is the best time to make money from the day trading.  However this depends on what you know and the skills you have developed.

As you mentioned you are a day trader and market conditions like this are tough times to be one, the market is not as volatile compared to before and it is really affecting people especially traders with small position who are depending on their daily trade for their income. If market conditions are tough just accept that becoming a day trader isn't the best option right now, why not just position yourself and try to look for other ways of earning as waiting for the bull market is out best option right now.

Well i think that's one thing. You'll have to spend more time in observing the market movement and with the current trend, you have to be ready in an instant to take advantage of a little slide or a little surge. I suggest going with lesser coins out of the top 10 since they seem to have more movements you can capitalize on.

keep analysing the market condition continuously because spending a lot more time with day trading will definitely helpful you to learn new things and new strategies so each and everyone has their own strategy will definitely helpful for them to be unique in getting profits.

If you are in need of money everyday then it is important to keep rolling your money but there is no need to do that if you meant to be a trader,just assist the condition and move your funds based on that,when there is not much movement on the prices of cryptos then doing nothing on that day is better than doing trading for losses.

If me i'm not trade and take a rest. Because see bitcoin price and if i keep hold my capital, i think it's value on fiat is almost same even i get profit. That is why i already sell big percent from all amount of my money into fiat and maybe if price down again i start to buy BTC.

In this condition of market that the price look side away, its better doing trading by take profit between 10%-20%, dont forget use stop loss 4%. After take profit, and then buy back at lower price, by doing that will be possible to make profit up to 40% amonth, and we can compound it to increase the profit.

I typically don't trade on the weekends as volume is usually pretty depressed during those times in my experience and some pretty wild price movements occasionally happen during the weekends, though not always. Crypto markets might be open essentially 24/7 excluding times for maintenance, but that doesn't mean you have to constantly be trading.

You can always take a break and come back to trading if you lose a significant sum of money as well. I do this quite often when emotions cloud my trading, and I usually come back with more control over my trading.

Actually difficult to generate profits at this recent pump and.dump of crypto market. Yhe ideas using bitcoin for pump dump is an opportunity to get profits.

Even with this kind of market, you can still do your day trading. Just properly select which coin you want to trade. Not only check the movement in exchange, but read its background like the ANN thread, their website and further developments.

Check for their social media channels also. Sometimes they will give a hint if there will be pump going on. In short, better know your coin before dealing with it.

Small traders must learn patiently and not be greedy to take moments. Because emotional factors can affect everything. All must be disciplined because of uncertain market conditions. Unless they really understand and understand the market conditions like this.

I'm trying to exploit patterns around Perpetual contracts funding time and to this point I'm on profit. You can check closely OkEx and BitMex around 12 CET and 14 CET. There is still risk, but at least is fun

Yes, you are right. That was my primary goal. Because many beginners trade in a compulsive way. They cannot stand to wait for the perfect moment. That is,

1) provided that they have previously developed a tested strategy which works well, and
2) provided that they have a go signal.

If your indicators don't give you an entry signal, then you wait. Not losing is winning. Unfortunately, patience is not something we are equipped with. So in the end most of us lose.

That's why I urge new traders to develop a system and prove it that it works well before actually engaging in trading.

This last paragraph caught my attention. Advising not to trade at all is not the thing. Although, I understand you are perhaps giving out a warning. 

Yes, building a strategy is the way to be a better trader with daily profit. A strategy that works builds one account rather than just blowing up your capital in a strategy that is not consistent.

Then perhaps you are not looking deeper into the market conditions then. There are random spikes and falls every single day that happens so fast, so if you happen to be trading during those times, you will surely take some profits if you managed to take a good position. Intra-day trading isn't just about the opening and the closing; it's about the hours in between which generates a lot of profit for traders. Align your trading patterns/hours with most parts of the world and you'll surely get a better profit if you know what you're doing.

In any market condition,predicting the market is impossible,all you can simply do it put all your strategies and hope that they come out successfuly
Trading is a very delicate act and it involves quite a lot of skills and practice.
Make sure you apply the stop loss technique when trading to reduce potential losses

It's easy that a trader must have precision and patience. accuracy is when there is a market situation that is not too good then we must do the analysis and when the momentum starts, we must immediately make a decision. while patience, we must be patient so that there is a good situation for the investment we have. without patience, we might lose a lot of things, waiting for price changes sometimes takes a long time, so that's why a trader should have patience.

Check my topic https://bitcointalksearch.org/topic/365-day-100-trading-challenge-135-profits-in-only-35-days-5088423. People that say that in this market conditions there is no money to be made should check out the topic. Previous 30 days I managed to double my balance in this bear market conditions

First of all, market conditions are not important when it comes to making money by trading. In bear markets you can always short and make money. The trick is to know when to do that.

Regardless of the market, however, the fact remains that probably 95-99 percent of retail traders are not successful. They lose a portion of their investment, or even their entire investment.

Given the above, the best tip I can give you is not to trade. Not trading is winning. Or if you want to trade so badly, trade on a demo account. Trade for a year or so, and if you find a successful strategy and if you have consistent profit, after that period of time go with a live account.

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?