Bitcoin Forum

I've been considering diversifying to day trading but I'm short on ideas, strategies and approaches to make great profit at the same time I have phobia for loss. 
Fellow forum members, kindly share with me what strategies to deploy to succeed trading on daily basis. All ideas will be appreciated and most especially most senior forum members.

Always remember that the chances are equal if we speak about earning and losing money. Never think about possible earnings, it can ruin you. Always think thoroughly and coolly before any actions on the market.

day trading is difficult if you are not have experience on reading the movement of the market you need to know how to use indicators if you afraid to loss trading its not for you even the expert trader sometimes they always loss on trading.

What i love to do is buy wany it's low, and hold it for a while to go high. then if it's go high enough to sell then i sell and enjoy for a while.  ::) ::)

First, to make great profit in trading you should devote a lot of your free time to it. Surfing web forums, reading news, monitoring hourly fluctuations in the exchange rate etc. – even if you are not going to waste hours for these, you will probably will. It's addictive. And then, if you do not understand the topic, you probably will not succeed.

In addition, phobia for loss may be a real restriction to make great profit.Reasonable actions without unnecessary risk - this is certainly good, but a phobia can prevent you from thinking healthily.

it’s really good question so when or any strategy or approach for day trading I guess we should know about business process first and this business process will helps them to do trading if they have little knowledge about business it will be great for them and it will more beneficial if they know about share market because this price vary like stock market. Also bitcoin is the 1st crypto currency in world.

I think people have to experienced for day trading and also be careful about the movement, good knowledge about indicators etc. Always be positive about trading. Then you will do this.

I think day trading is very risky and difficult to handle. I would suggest you to try long term investments. They are both profitable and secured.

Find a coin that has more volume and trade it against bitcoin pairs. You buy at the daily low and sell at the daily high.

Day trading involves a lot of technicalities and experience. If you just want to start with trading, i would advise you do not start with day trading, else, you might loose your money. Start from a little side and gradual, as you become experienced, you can begin to think if day trading.