Bitcoin Forum

Any profitable day trader have any tips?. It seems like I never get the right time to sell. Thanks

Honestly there isn't any for a good time to trade other than when the prices are reasonable enough to trade. Prices are constantly fluctuating, especially for BTC, so you gotta have a lot of patience in terms of waiting for the right time to trade. For alts, I think anytime is a good time since their prices are relatively stable and slow phasing. If you can't time a sweet day to trade, try trading constantly when you see even the slightest rise of price to any coin. That's what others do, but it ain't advisable either due to minimal profit. Try also analyzing the past stats of the prices on when it was high. Sometimes you'll notice a pattern, but it isn't guarantee that it'll happen again. When it does, take the chance and trade.

Yes, it is stressful.

It can be a source stress and burnout. Day trading is stressful because of the need to watch market fluctuations, and then act quickly to exploit them. This has to be done day after day, and the requirement for such a high degree of focus and concentration can often lead to burnout.

Its outright boring, waiting for the right moment to execute trade.

I do daily trading sometimes, no really my type of trading. I mean im not do great with it, better buy and hold for a weeks or more until its moon or buy some ICOs.

Being a smart person, we must do our best by being strategic, and used a very long patience and have enough effort and sacrifices. In this particular business, we cannot easily gain profit if we don't used our knowledge. Mostly in trading, we must fully watch on how the price moving, because in that particular way we can surely earn enough income in the future.

The main tip for trading is not to wach the price every now and then. You should determine your strategy (entry and exait points) before you get in some asset. Trading is not a guessing - it's risk based approach which requires an experience! Don't trade without a proper study.

There isnt any good time to sell, you can stay 20 hours a day, and on the 21 to explode everything and you coudn't sell or buy more. So it is mostly gamble, you need to have a lot of luck, time, nerves and knowledge. If you have just luck, you can do it  ;D ;D But if you have everything else without luck, you are looser... and you gonna lose everything. :( :(

Well you can really say that trading has a risk that mainly many people just got lucky with every decisions they make, If you have a guaranteed chart that you think you can be sure about but yes a 100% win is not guarantee for sure because just like gambling there is a risk involve in it, You can analyze some prediction from well known personnel that you think have a sure speculation from certain coins or bitcoin then go for it if you have extra money that you think you know it is OK for you losing.

yes it is.
Sometimes you earn 2% a day for a week, but another week you'll just like lose 15%.
Daytrading is not good for newbies who don't understand chart move.

not easy to do a proper study trading even a pro trading person many of them are still having that problem. I prefer trading in the long-term rather than daily trading

I wasn't expecting that this really happens, base on your statement I realize that trading is really not an easy job most especially if the  prices are all dump. Now, I think that it is true that trading of crypto is so stressful than I thought.

Now a days, after gambling people do think about trading as an easy way of making money. That is the reason they do enter into trading without proper preparations after that struggling and finding it more stressful.

Like any other trading, trading is also very difficult for making it profitable but one supporting thing like minimum guarantee about crypto trading is, they can hold for some time so that they can make their every trade profitable. I'm not having any big tips for OP still I like to suggest him getting ready before touching the dangerous crypto markers.

The world of crypto currency is absolutely as stressful as the usual trading on the stock exchange. Constant concentration and concentration on your object not only tires the body, but also exhausts it. Increasing stress begins to give side depressions and fatigue. There is nothing new in this. There are analogies even with suicide attempts after failures.
The problem is that people expect easy earnings from the crypto currency, and in actual fact it turns out that you also need to work here. And even in such an atmosphere, under pressure. So if you are not ready to undergo constant stress, then it's better not to go there and take care of your health.

I think it comes down to the golden rules! Don't invest more than you can afford to lose. Assume your initial investment is lost immediately.

Try to keep emotion out of it. If you follow them then trading isn't as stressful as you make rational decisions.

I'm not that profitable yet but hoping to be someday in crypto trading. I agree with you that crypto trading is stressful because I can't stay away from the screen and my eyes are lock in the charts but I enjoy it at the same time. I like the feeling of having adrenaline rush when trading. What I do is to have a trading plan always. I know when to enter into a trade and when to get out.

I have been trading for some time and somehow I am able to control my emotions now compared before. After buying, I immediately set a sell order and just wait for it to be hit whenever it may be. I am contented with small amount of profit and I don't dwell too much on the fact that the coin may moon after I sold because the opposite may happen in which it would crash. Just be grateful that you have profit no matter how big or small it is.

Follow strict trading roll management. And NEVER re-double-open your losing positions. Just accept it and learn from your errors.

Don't look 30 times per minute at the price, especially on losing trades.

Agree.
For a while I daytraded on the stock exchange. By the end of the day, I was dead tired.
On crypto exchanges, I trade in the mid and long term. It is much easier and not less profitable for me.

Primary rule: for every position we need plan.

Appreciate all the tips. Basically, I got into the crypto game late December of 2017 and it’s been definitely one hell of a ride. My lack of patience is costing me $$$. I day trade and don’t hold. I’ve made a few bucks here and there but as of now I’m at a loss of $2200 out of a $10000 initial investment.

When the last crash happened, I sold everything at a $2500 loss(all ethereum)because at the speed the market was going down, I was worried I might lose most of my money if not all of it. Even Ethereums cofounder posted on Twitter yesterday that this market might crash to zero anytime. After the crash stabilized, I bought some etherum and ended up at $8500 out of the $10000 and then back down to $7800 today. There were many times where I bought ethereum or btc at a certain price only to sell later at break even or a loss. Like today, I bought btc at $10,530 and then for next few hours it stayed in the $10,400-10,500 range so that made me nervous, especially with all this talk about there is a btc correction due soon. Of course as soon as I sold at break even, it goes up $400 more within a few minutes.

The main reason is I watch the market every 2 minutes on my phone and when you start seeing it go down and up and down and up, it drives you crazy and really stresses you out. Heck I dont even sleep much now. Crypto always on my mind!. It’s not really the volatility that bothers me as much as the feeling that this market might crash to zero. I always get the feeling I must sell fast before something happens.

I mean I know how to make money. Actually, I just made $60000 in the last 2 months doing non crypto stuff but when it comes to crypto, I’m not that good!. At least as of yet :-). I just don’t like losing money!.

Without stress, there is no life. Day trading is very stressful because you can't buy and sell at dip and peak. I don't know how to be a good trader though but it should not be daily rather you should extend this time.

My only advice is search for news and rumors and then watch the market, crypto trading circulate very fast and the volatility is very high once you bought the wrong coin you are going to lose money or wait for a very long time to get profit and some of the coins won't recover no matter how long you wait, so yeah its very risky and stressful but the profit of trading is very tempting

Day trading is definitely tough. One rule I pretty much always follow is Buy The Dip. If there's a coin you know is promising, and the price of that coin drops significantly in a very short amount of time, do some research to make sure nothing catastrophic is going on with the coin, and buy it.

If the coin is a quality one then its good to buy that, some panic sellers are doing the job wrong and it's an opportunity for us to buy it from them,
day trading is stressful because you need to wait for a good timing and you always need to do your research before dealing with anything inside the
exchange, I think successful one are those who created pumped telegram as they will surely benefits from the free tips that they gave.

To be honest, there is a risk that the volatility of short-term, encrypted money market prices may be hurting you.
Because no matter how many times you do high-frequency trading,They are the most profitable in the long run.

Of course, especially if you don't understand what you are doing. I just stick buying something that's for a longer term, like investment you know

Just leave trading day since you have no experience and I think it's not worth it if you are not experienced traders because day trading in cryptocurrency is very stressful and not worth since you can earn 5% per day and may lose all your profits the next day because some countries want to ban Bitcoin or we have news of Bitcoin FUD. And most importantly, day trading is only good during the bull market.

day trading is not meant for anyone and everyone,people make a big mistake by starting with day trading as it is only suitable for people witha a lot of experience and time.
newbies just waste their time ,but my simple advice to  you would be to think and then act.
people react to each and every change which you should not .

Nerves of steel and an insane amount of luck are some of the requirements to avoid stress and sleepless nights. Patience is a virtue. Very difficult to determine the right time to buy or sell. Practically no indicators except the news on social and traditional media. Cryptocurrency experts and analyst don’t exist. Just rely on gut feel. Always expect the worst.

Everything has its time. Be patient, wait, learn, think. You can have half the year is not the time, and then shoot so that you are stunned))

trading is so stressful because the price changes every hour or even every minute. it's so hard to choose the right time to buy or sell not to be regret. keep patient and hold for long term is a better decision

Not even crypto any other day trading is more difficult to get returns and it should be more stressful. Better invest for long term.

Learn the basic technical analysis so you can easily know the perfect entries and exists in every trade you made,this is the most dominant factor you need to master so you can trade very well without any doubts,second the fundamentals should be good if you are doubtful with your technical analysis because fundamentals has more impact in our community.

I agree, day trading with cryptocurrencies in the most stressful and not worth. Personally, I earned more than day traders by investing in cryptocurrencies and HOLD them for the long term. One of my friends bought Bitcoin at 400usd and day trading with USD, he rage quit the crypto world later by cashout everything because of the stress, he sold all his bitcoin at around 300 because he missed the opportunities to sell at 500usd.

You wont know how to trade well because first you dont have basic knowledge in trading,it isnt just buying in lows and selling highs,there are two major factors that we need to consider first,technical analysis so we can have a perfect in and outs within trades,second the fundamentals or the news both technical and fundamental anylsis should be learned so we can easily win our trades.

I know a guy who lost almost all the money and get into big debts due to inept trading but he has learned on mistakes and is now successfully increasing his capital. :)

You can easily trade if you have some knowledge about technicals,you need to have basic technical indicators in each trades because most of the people in our community uses technical analyss,so the trades are morelikely going to based with technicals too,you can start reading at investopedia there are bunch of technical anaylsis tutorials there,watch some tuts in youtube and im sure you are going to be a good trader.

There is nobody who always know the right time for buying or selling, just relax.

Daily trading is not an easy thing. So, to make more reasonable decisions, you can read the forum more and follow different news sources and the price graphics. Good luck!

I think trading is not the best way to make some huge profits. You can just make 10-20% and I am not a friend of these small profits and I prefer to hold my coins until 300% or more gains.

Yeah I hear you! lol it was crazy when I first got into it. I would look at my portfolio 10 minutes later it would be up 300 bucks, 2 hours later it would be down 500! lol. But I think it helps to bring the stress level down when you are only investing money that you can afford to lose. Don't take loans out to invest in cryptocurrency, don't borrow from family, etc. That should help with the stress. :)

Yeah it very much is stresfull, what did you expect :) you know that between wall street guys the rate of suicide is one of the biggest in any job out there, trading is hard af, and when playing with the big boys you can imagine what one big downswing can do to you and your mindset :)

Crypto day trading is very different to forex trading where there is a leverage that you can amplify earnings with the slightest price movement, you probably can't earn $50 a day when the price moves up 5%. Its mostly holding and selling at the right price and waiting for price dip once again which can take up time, holding tokens for a week to two can be profitable, sell it and then start spread fud to make people panic but this is such a dirty trick that we see over and over here.

There are tips I can offer, DO NOT DAY TRADE LOL, I am joking! For a day trade you must follow all the news, if you miss something out, all technical analysis will fail. Use no longer than 15 minutes graph for technical analysis, if the news bad for the token, don't try to trade against the market! Golden rule when everyone is selling, you buy! When everyone is buying you sell!
But I wouldn't advise day trading, as you are right. It is very stressful and on certain news that you might miss, the market can make funny reactions.

of course because now has started to grow many investors who jumped in the world of crypto and I think this will make the crypto will be more popular for the future. and I hope that crypto can become a legitimate tansaksi in every country in real life!

It will be stressful if you dont have any knowledge in trading,you need both technical and fundamental analysis so you can  easily know which is the best entry and exits in your trades,you dont need to learn everything just make sure to have some basic technical analysis,indicators like mas,ema,bollinger,etc this would be perfect and im sure life will be easier.

If you play it will in trading, absolutely you will be profitable. Not exactly all the times we've got profit, it sometimes also we fail but mostly more on gaining.  People says trading is stressful, for me it is not,  I totally enjoy of what I'm doing and I make these as my habit and very often than I visited everyday.

Every second the market will move to random direction, i guess that was just like a heart attack for you to see the price dropping a lot just in some hours or even minutes.
Because crypto is unpredictable and I suggest you do long-term trade rather than daily trade. I thought that you could try to leave from there if you are getting decent profit. I say never try to be a greedy person.

Effort,stress included in every work,If you are not putting efforts and right decisions on time it will convert in stress.Being strong and mature trader believe in good moment,do not panic to sell wait and hold will get positive results.

Im sure if you trade without any basic knowledge you will be stressful but if you did learn some basic technical analysis im sure you wont have any problem on how to trade perfectly,good entry and exits will be much easier to know when you are trading with technical indicators.You can start reading technical analysis in investopedia that is where i have learned most of the basics.

Trading is very stressful doing. This obvious thing that for successful trading it is necessary to be not only smart and experienced person. The important feature is strong character and availability to conquer the stress.

never been able to predict 100% because the market is changing all the time, but there are some points that can help, graphical analysis and the main trends of verification, more like nothing in the market of crypto or fiat always predictable

Yes, in this you are absolutely right, I also thought before that traders are ordinary people, I think that these are far from standard people, I think that they just have the steel nerves and steel eggs that control the course of this or that coin.

I never found it boring.  I'm with OP, because I always found trading shitcoins to be stressful, and an activity that always requiredmy cconstant attention, kind of like sitting at a high stakes poker table.  That's why I'm out of the trading game for good, and I'm sticking with the stock market.   And I don't actively trade there, either--I'm a buy-and-hold kind of investor.   

If you don't have the stomach or the balls or the patience to trade, don't do it.  The market will eat you alive and spit out your empty wallet.

If you know what you are doing you wont be stressed,i am doing marginal trading and it requires a lot of patience.You need to have years of technical analysis so you could achieve success in trading technical analysis can be learned in just few months but the experience and the instinct you need might be hard to achieve.

I think you should try researching before you actually trade. you should look for a lot of information about the altcoin you hold. And what you should know, you must involve trading knowledge.

Best tip is to start learning your basic technical analysis because it is very important on how you will have higher accuracy in trading altcoins,perfect entry and perfect exits could give you a lot of money but you need a lot of experience to master your trading instincts,funamentals has also big impact to our market's situation so we need to consider both technical and fundamentals.

Cryptocurrency day trading is stressful because the market never closes.  It's technically, not day trading, it's day and night trading with no weekends or holidays.  Not only that, but the dips can break a person if they aren't ready for it.  No other markets have swings like the cryptocurrency market.

haha I bet it is! It's probably the most stressful job ever. I didn't do day trading but I used to check the rates of bitcoin all the time and I have quite few grey hair from that time. Time I just chill and hodl :)

Trading would be very stressful when you get into trade without any experience or background in technical analysis,so you need to learn the basic trading analysis so you would have more chance of of winning every trades you made.Go to investopedia and start your technical lessons watch some youtube tutorial for you to be able to understand how to trade like a pro.

For the people who get into trades without enough knowledge in both technical and fundamentals wont have a big problem,but if you have some experience from the past,this shouldnt be a big problem.You need to have a good basic technical analysis because it will dictate your perfect entries and exists with each trade you are into,fundamentals or news would be your reference if you are going to trade the coin or you would hold.

I tried sometimes to trade every day. I was lucky to stay with my money and not lose out. But this is stress. You buy a coin, because you know that news is coming soon and the rate should go up. The news is coming out, but the value is falling. And you do not understand why.
The second option. Everyone expects the project to be updated, everyone says that the price will rise, but the price of bitcoin drops sharply. And no one is interested any more what is there with the project, what prospects. The price just flies down together with the price of bitcoin.

I think that you are absolutely right.  Trading is for people who already have some experience in crypto. Everyone should learn and prepare himself before start day trading.

That would be stressful for those people who got into trades without any proper knowledge about technical analysis,first we need the basics because it will be our foundation to whom we will be in the future.Technical analysis and fundamentals are two major factors in trading that you need to learn and master because it will give you more confidence and accuracy with your trades.

Day trading is much more easier compare to scalping which you will need to trade from 1minute and 5minute charts,you should start learning some basic technical analysis so your trades would me much easier,you can predict for the possible outcome with high accuracy,perfect entries and exists would give you a lot of winning trades.

it's a natural win and I often experience it
then besides that if we trade then must have 2 capital that is for the saving and trade. so we can calmly trade.

Cryptocurrency trading in general is really stressfull, i can feel your pain and your stress because i've lived your situation, the best part in crypto is that you must struggle and hodl, wait and never get tired to get good profit, remember that theres a legends that bought BTC back in 2010 and they have the same amount right now, these are the best example! Crypto is patience!

I think the current is not suitable for treading because its token / coin toss is very bad and this will hurt you if you have altcoin then my suggestion is better you just bear it. as this will be even higher next month.

Its because you dont know how to trade using technical analysis,your life could have been much easier when you have done your part,which is to learn the basic things you need especially in trading,you need to have a good basic knowledge trading would be much easier because doing technical analysis will give you less chance of losing your money.

It is wild wild west out there when it comes the trading cryptocurrency. In order for you to navigate the turbulent sea of cryptocurrency market, you must set your entry and exit price. Use stop loss and  auto sell to start and end your trade and don't be ambitious with price.

Not really if you know what you are doing it could be less stress than you are experiencing,i suggest that you start conducting your own research so you would know which coins are worthy or worthless enough,reading the whitepaper will surelly helps you to find out if the project is worth the hassle or it is just a waste of your time,either way do not let your stress affect your daily routines.

I have great advise for you. Try very short trades. To do so you need to use few indicators at the same time. Use stoch, rsi and macd. They will increase your chances to predict the price movement. And don’t try to get maximum profit, I close the deal if I get 2-3 percent profit. This way is more safe. The only thing is that it keeps you really busy all day since you need to do many trades

All in crypto to earn are hard if you don't have knowledge so better to do are always read and monitor some exvhanger or different exchanger day trading is so hard but still we can use that's strategy and the best example of it is in AION trade this in binance it's only drop or go high by 0.0003 btc to 0.00035 btc so it's good gor day trading but sometimes atleast more days.

Start slowly and invest on the most reliable ones rather than on the new and cheaper ones if you are still stressing out and doubting everything you do. Set your goals in trading on how much profit or gain you are looking for so that the regret will dramatically decrease, because you need a sheer luck if you want to buy a coin on its lowest and sell it in its highest.

it is totally right. all day I have to watch the price whether rising or falling. and it is stressful when I hope the price of coins I have are rising and it needs patience.

No,it will be much easier for you to trade when you have some basic knowledge about technical analysis because most of the traders in cryptocurrencies are using technical indicators in every trades they made,so you need to learn this thing if you really want to have more accuracy in your trades,but for me trading is never an easy investment.

Yes daytrading is such more stressful than long term trading, i can advice you to downaload some apps like Blockfolio app to make an alert to the movement of an crypto asset, very simple and cool to use it

If you have some questions pm me without problems

The truth is, Day trading in crypto works but almost 60% of the time, you find yourself HODLING that coin as a result of bad decision you made. Day trading exposes you to more risk, you only depend mostly on technical analysis and it really toils so much with your emotions.

Investing in Cryptos for the long term is always a better alternative than  short term. I always advice people on that.

Appreciate all the tips. It seems like I need to learn some technical analysis. I know nothing is guaranteed but anything helps.

I like the caption, it isn't that easy to make profit out of trading. If you don't have enough time for it, don't call yourself a trader because you could lose all your money in just a second. Trading needs time to study patterns which someone who doesn't have time can't do. I advise you to look for coins that will make yo profit in short time like a month or two than doing daily trading.

Day trading is very much hectic thing to do as it takes a lot of efforts and hard work and that you need to make a decision and that too in a short span of time. This is the reason behind the loss of so much money by so many traders and that too on daily basis.

Other than this, day trading is actually profitable but for that you really need to good at trading. Else, you can go for long term investment of money.

It's a lot of stress if there is someone that is working along side of you. The stock market can't keep up with the people in Bitcoin that good.

Day trading is high-risk activity in cryptocurrencies. I remember 2 days ago someone share his portofolio about his trading started from January 2017 and last for December 2017. And he got 361x profits on (XRP if i didnt mistake) which means if you buy it 100$ than you get a total 36.100$

Not really stressful if you have a strategy. If you are sitting and watching the market move up and down then it will be stressful for you. Choose a strategy and stick with it and then you will find it less stressful 

This is wrong time to be a day trader because the market hasn't fully stabilised

It will do you a lot of good if u can just invest in some few quality coins you believe in and hodl

Day trading is filled with lots of stress, price fluctuation this day is quite unpredictable, with an understanding of project roadmap and news relating to the project can be of grest positive impact. When price stabilize better day trading will become less stressful.

'Trading' was a lot easier when it just a matter of holding anything. Last December was absurd. Even the most useless coins could make you a ton of money. Now they have been vaporized.

I don't think we'll see opportunities like Dash and NEO again.

crypto is for medium and long term investments, not for a short investments like day trading style,,
so, change your mind first about cryptocurrency trading my friend

Yeah, I've been there, Its pretty insane.
Having to watch the markets all day, especially if you have a day job, is exhausting.

I have had some success, and what I can tell you is this: it is only worth it when the entire market is in a bull run.

What has worked for me is to do small trades and profits, a quick buy and sell.
You choose a high volume coin, look at the 24 highs and lows, see the percentage increase and where it is at now.
If the coin is close to the 24 hour high with a 20% or larger price increase, then I have found that it has already reached it's "peak" for now.
Instead, a slimmer margin between the highs and lows with a 3 to 8% increase usually make for easy quick sells.

But, here's the thing, in order to make large profit off of this you need to do a ton of trades and that is only possible during a bull run.
Last december, I was making 10 to 15 trades a day and racking in around 700 to 1000 dollars a day.
It was easy cause the market was so hot.

Now, I'd be lucky if I made a couple bucks haha.

day trading is needed a patience and good analisys on the market
if do not have a knowledge it is better to choose trading for the longterm or longterm investment.

You're right. Day trading needs a lot of effort, time and capital. More stressful and you will get more chance to loss.
That's why I still prefer long term rather than day trader.

The life of a daytrader isn't as easy as some like to portray it is :D

And no one said that it's easy. Over time, of course you get used to it, but there are really hard days. In the end, the efforts spent bring a very high income.

I wanna be open with you. Short-term crypto money trading involves intense stress. If you do not want stress, you should choose long-term investment as a different option. Look before you leap. You do not take it with a grain of salt.

Thats the point, short term crypto trading means more frequent watching the chart than longer term of trading, it's like you're forced to do something repeatedly for the sake of your money.
It's indeed stressfull and I'm my self consider this as risk high, low profit, option. I'd never do this short term trading mainly because it's kinda useless.

However if short term trading is easy, everyone would be rich, so that's why.

Day trading is a hard process. It can be profitable, but it also has the potential to get you rekt (specially margin trading).

To be successful you must:

- Study a lot and become skillful in market analysis.
- Learn about the psychology of a trader and be very very very careful with your feelings, as they are the most probable pathway a trader has to rekt city!
- Never, ever put all of your belongings on one position, no matter how good it seems to be.
- Do a lot of test trading before you start real money trading.

Hello everybody! Trading is an exciting, pleasant and interesting activity. The main thing-to choose the right antidepressants...  ;D With good wishes!

I the way you have explain it. But most of "traders wanna be" never think about learning something before jump into it. The rest is well known.

I think in cryptocurrencies trading better to catch big movements. I even can't imagine how to predict it within one day, I am not good in TA and rely more on fundamental and deep researching of projects.