Bitcoin Forum

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.



Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

many of the advantages of daily traders that you designate are the right things and maybe many others that we will not be able to mention one by one. What is clear is that we use stringed capital and profit will also be obtained by the strings of all risks that occur must be resolved alone.

And there is a potential big lost as well. Its definitely risky but if you hit the jackpot then its a windfall. But if you are unlucky you can lose big time as well.


This is not only a advantage for a trader because it suits everything specially a job that you are the boss like having our own business.

Actually, being a day trader is not that easy as what other says. trading is
not for everyone, because in trading, specially in day trading you need at
least, let's say 6 hrs/day and that 6hrs is by reading/analyzing/monitoring
the market/chart. so if you don't like watching charts that long, then maybe
trading is not for you.

Day-traders have big advantages sure.. but with power comes responsability. You don't have that comfort that whatever you do at the end of the month you will still get your paycheck. No.. The daytrader needs to be confident enough to rely on his own skills and knowledge! ;)

Also, one can add to the advantages of a day trader that he can improve his trading every day, understanding the market and all processes occurring in the cryptomir.

The best advantage for me is earning micro income a day, compared
to long-term trades day trading gives you opportunity to earn money
in a day although it requires more time and effort.

A day trader, who calculates with secure huge profits, is a fooled gambler. There is no garanty for profits, even not with deep research. There are many day traders with big losses. So don't think of day trading as a job, only maybe of a chance to be lucky from time to time. Don't invest much. To see your skills in day trading 10$ should be enough to test your luck.
The more interesting way for profits is to take part in solid and innovative projects after a good research of the huge potential, that blockchain braught.

I respect that because I think its a good point which is why not many people are risking day trading even if it can mean being your own boss or whatever. The paycheck does matter.

maybe some of them are like that. But there are a lot of professional trader out there can analyze a lot of coin and can pick what good coin which need short time to get profit. Maybe a small percentage from all day traders but i not believe if they only use their luck like in gambling

I agree with you on all the points except on the aspect that says much education not needed. This is because without proper education, you will not know how to master this art. So education is key in everything. Knowing when to enter, when to exit, which coin to buy and what lot to use are all technical decisions that need proper education.

Maybe, if education will not matter to him. Experience should aid him.
Doing the trading over and over again, will teach an individual the strategies to perform better.
And reading while doing this will add more confidence on what he's doing.
If he doesn't have the degree, he can always study online to equip him about the trading methods.
And to add, another advantage of being a day trader is that you can do this anywhere, anytime you want, but as long as you have net connection of course.
And you can have your holiday anytime of the year, without asking permission from your boss. ;)

Well here is what going to say everything has advantages and disadvantages we could only make a good results and earnings when we know about something that could help us to make a good outcome of being a day trader.


Now this is a one discussion that I would see for a day trader that could benifit to earn.

Day trader may earn a little as I see not from an experience but still I believe with a right mind and a learning experience you could make the best out of being a day trader.

Also being a day trader can not help you with your daily expenses becaue hello the electricity buy as I see when you are employed you could make thing work and if you have a computer in your office much better

I agree with you  last year during the last time cryptocurrency is in the moon i got earn profits by doing day trade.
Day trade help me to make money instantly but need to give quality time to monitor and research to avoid risk buy and sel strategy.

Are most daytraders immediately selling whatever altcoin they buy/sell for usdt or usd right after they sell bitcoin?  Because if you only sell it for bitcoin and keep it in bitcoin, even if you made profit at that moment, if you keep btc and btc drops, then you aren't making any money right?

A Day trader has the advantage that they can avoid losses, because what they think is trying to make a profit and they have to make a decision even though the profits are very small. for me it's a safer way because we don't wait too long. Existing margins must be utilized as quickly as possible, the profits obtained are collected in a phase and when summed up, I am sure it generates considerable money. Day Traders reduce losses and also provide regular income for all of us.

If you are a good day traders you can make unlimited income from hundred to thousand in one trade, and there are no limitations how many trade that you can make in a day, the time to trade is very flexible and you can trade in your home and in any place as long as you got your gadget, day trading is a good way to make income if you already skillful, unfortunately its hard to master and not suitable for beginner, the gain is big but the risk of losing is also big

You've got huge advantage from others if you have huge capital. Of course, you take more advantage of buying more coins. Traders never get big worries even if market fall and they still gaining while holders did not. Though a life of a trader isn't that easy as you think cause they spend more time than the others.

I do not think the day trading brings a significant profit. Because the market does not always move. In addition, the up and down of the market is difficult to predict and daily transactions will bring high risks. I used to spend 2 months trading day but I did not make much money from it. Long-term investment will be a better strategy.

Now the market is going down, our advantage is not much during the day when the market is constantly decreasing like this, however we can see some people still invest day, but it is only the rich experience

I do not think these criteria will help them make more money to become rich. Rich people will not do these jobs forever. They will look for long-term analysis and investment.
Day trading will only earn you $ 5-10 a day and that's a very low figure. Long-term investment will help you get rich soon.

I don't think its worth taking risk and put yourself just because you dont have thriller life in the long term trading and holding. I didn't like that idea because I am not concerned about the thrills here, whatever I am concerned about is the profits and that are also made with safety and no losses.

Thrill? Who wants that and who will do anything like that which may convert your trading into the emotional trade and things could go wrong.

Everyone has their own ways, so may be everyone think differently about the day trading.

The advantage of a day trader is the profit is fast. You only need to engage your full attention a certain period of time, once you profit , you're done.

All of the features or advantages of day trading you mentioned here are not the reality in most of the cases. You need to get profits on daily basis in day trading and chances of loss are very much high. Also experience play a much better role in day trading because this is very different from normal trades where you just buy the coin and hold it for long term in case the price went down of the coin you purchased.
You have to be very analytical and should be precise in the selection of coins.

I also want to be a professional trader who can make profit consistently but untill now is hard for me to make it. But i try to learn more and more  from previous mistake, to be expert trader is not easy but i try always to make it. One thing that hard to control is greedy and not patient. Other Benefits of trading is possible to change our financial.

Unless you're a pro I wouldn't make the career change without a ton of savings.

Not everyone can be a successful trader. Because I have taught many friends to trade and very few can see things as I do. Even though I have sat down with them for countless hours. Honestly its quite simple to make money trading but its almost like some traders end up fighting there own personality to win, like there tripping themselves up. Its frustrating for them and me :(

Of course, if it is in good condition to trade, it really will bring good profits, on the other hand, we realize how big the risk is, like losing panic by selling at a fairly cheap price, many people get into the wrong hole with minimal understanding plus that the crypto market is very difficult to predict in coins to reach a value that is reasonably priced it is not an advantage to immediately raise prices but the decline can occur instantly, the big responsibility of being a boss will not be comfortable and enjoying every trade, people start to move away from trading and switching to long-term investment.

Day trading is one of the easiest way of making profits from cryptocurrencies market as you make money either the market is going up or down.  However,  day trading is very risky and you can lose all your investments if you refuse to place market order at the right time.

indeed so often, it is not easy for everyone to be able to trade the day, even though we teach and always help direct but someone will not have the same analysis and speculation that we have, and indeed when they stumble, many are frustrated and desperate to do so again.

There are so much advantages given  when doing such trade. We can still manage our time even if we have a full time job. When we are already specialized in trading, it is more efficient and more profitable. Somehow, we are taking a risk in a good way that it will return back more than half of our balance.

Can't be a day trader unless you are sitting on a pool of capital.

Yes, there are many benefits from the daily traders that we specify are the right things and maybe we can mention them one by one. What is clear is that we use capital and profit that will also be obtained with all risks. We only need to draw full attention for a certain period of time, after we get a good income.

Trading daily basis ensure that you develop a skill knowingly or unknowingly.  You develop capacity to endure all kind of financial stress.  You enjoy the wining and become sad for losing, all these make you who you become as a  trader!

You only look at the advantage but one can lose a lot of money in day trading if things go wrong. We can do all kinds of calculations and analysis but many times market sentiment we can't guess and things can become worst.

All methods of making money quickly come with a greate risk so if one is ready to take those risks every day they can go for it. I don't like day trading instead prefer to invest and wait for the good profit.

Day trading might give you a good return in a short time period, but the risk of losing is too high. But it has taught me a few important things which might and will be useful in the future as well. Increased my analytical, quick decision-making skills. Risk management is another aspect I am learning as well.
The primary advantage for which people seeks to be a day trader is the return percentage compared with a time period, which is high.

Being a day trader gives you a opportunity to easily
switch to other trading strategies or use multiple
strategies.

There really are many advantages.

each trading style has advantages and disadvantages. Day trading is very useful in conditions right now because the market is still in a State of very long correction. Gains and trading style that fits is the day trading.

You only focused on the positive side of daytradingg and didn't bother to mention atleast even single thing on negativity..

And about the issue of being non educating ourselves since it was expensive?your crazy to point this here because we parents wanted our childrens to reach their dreams before getting involved here

For those who has been encouraged about this topic ,you must always remember that daytrading is the most riskiest area of profiteering here in crypto,must keep that in mind

i think there are many pros/cons for day trading and i dont think it is sustainable in the bear market. it is hard to gain all the time and if you dont play smart, you can loose all money that you gained from it easily.

How about the bad sides of being a day trader?
What you have said might be right, the chances of having a huge profit (depending in your capital) through day trading is true but that's not always the case for some trader. If you will ask me day trading is hard especially it requires longer time and you must be alert for monitoring your coins. If you missed the right timing to sell and the coin you hold consistently drop then your effort will go to waste. Sometimes its easy to say its more convenient than other strategies to use when you trade but you cant really tell unless you experienced it already.

Do most of you daytraders immediately sell your altcoin to btc and then immediately to usdt?

how many hours a day do daytraders go on computer?

everyone has different abilities and knowledge about trading, in my opinion daily trading will provide if you have good knowledge and strategies about trading and you have time to be able to trade daily because if you succeed in trading daily then you will get daily income too

I think people here would benefit from the discord group I'm in. Especially today as later on there will be charts galore (see my separate post on Firepit Friday) - it'll help you see what it is all about. We only want to stay in trades for a short time and therefore minimise risks or huge dumps. But of course - the more time you can devote to it - the better! My username is the same as on here so come and say hello. Happy to talk you through.

https://discord.gg/BN9P2tk (https://discord.gg/BN9P2tk)

if I stay up late I use it for the long term, because the benefits that will be obtained are also greater than daily trading. especially now that market conditions are always falling

From high fluctuacion of crypto we can make profit up to 50% aday from day trading,  so will be possible to make profit up to 500% to 1000% amonth in bullish market, this is very high return and we still possible to make it.  But offcource will not easy to earn that huge profit,  we should be dicipline with trading plan and risk management. The advantages of crypto trading is we can change our life from it,  from poor people can be rich just in short times because offer high profit.

There are many advantages of trading but this trading activity also has high risk,  for beginner trader is better use trading activity as second job and dont quit from the main job. We can still make money only by spend alittle hours aday in trading with swing trading. To make profit from swing trading, we have to analysis trend of crypto market so we will know when should be entry and exit from the market.

Having a good strategic plan will surely give traders to be a successful one. Though it doesn't required enough time for trades but it is important also to regularly check market trend. In such way, you have idea of what will be the next step you'll especially in declining trend. You may take advantage of buying more coins and makes more profit from it. But unfortunately, we can't earned that much today due to market crisis.

Yes this is one of great advantage of day trading you can make immediate gains just by trading and even make it as a source of income when your profitting 1% daily but at the same time it is very risky especially when the market is in a bearish trend and your still a newbie in trading.

For me the benefits of being a day trader is you make your own profit. You can earn daily and you can get the highest price when the market bulls because you monitor the price in the market.

for now I have not felt the results of daily trading, because I prefer to hold back until the coins I hold increase in price so that there can be good results later

Hodling a cryptocurrency makes you relax as it is an asset. Though day traders advantages is they are able to push more volume for their crypto portfolio.

As a trader I can say there are lot’s of advantage of day trading. Day trading is a very profitable but is very risky if you don’t have any idea with day trading so you can’t make profit in your day trading. It is a very popular system to make a profit in your day trading. You can make a huge amount of money in a day so I think it is a good opportunity for every day trader.

Basic noob nonsense. Firm traders never assume that they will be able to make daily profits, and it's even close to impossiblel unless you are a market maker yourself and based on that squeeze profits out of the market.

If even wall street level traders admit that they have had days with consistent losses, you aren't really helping yourself by saying that it is possible to profit on a daily basis, especially when it comes to the crypto market.

I tried it all, slow trading, day trading, investing, and so forth. I can say that I'm happy to just stick with hodling right now, which implies that everything else is not worth my time because it doesn't work out the way I want.

i think daily traders do not target big profits every day, but if calculated in a month, results will be large. to become a daily trader, we have to learn a lot, because it requires high skills

Quick sells are the most important part of a day trader. You can be an investor and you will have to wait for days even weeks hell with this bear market for months but in the end you are not going to get anything if the market is declining. If however you are a trader than you can sell when its dropping and rebuy when it dropped enough and even have chance at making profits during the bear market days.

Day traders can react a lot quicker and they have the chance to really get out before its too late, investors do not have that chance and they can't take that risk neither. Day trading is better if you want less losses but investing is better if you want bigger gains.

I think as a trader I can never pay taxes for my self, at least that's what I know of, but for me I don't. So be a good trader and work yourself out of poverty.

even though trading daily gets a small profit, but if it is collected every month can be a big profit, we can rely on more daily trading than long-term trading that we can get a big loss at any time.

Being a day trader doesnt mean if we do really want less losses knowing that this is the hardest way of doing trading which means learning it wont really be that easy and not anyone would really
be capable on doing such trading matter.I cant really deny that day traders do really have the advantage even seeing a very bearish market they do still able to make profits on such movements.
Not all people do have that kind of capability.

Day trading is very risky but it's very profitable trading. Day trader take so much advantage of market conditionas. But if day trader want to take full advantage and make big profits then they need to have big capital. Otherwise they can't take much advantage with quick buy and selling.

Agreed on all your above advantages but for bigger rewards you need to take bigger risk and exactly this how day trading works.Bigger the risk better are your chances to earn big and vice versa.but I think that is an advantage of day trading.

Day trading has alot of advantage and disadvantages and you can get information about the advantage and disadvantages here. https://bullmarkets.co/what-is-day-trading-its-advantages-and-disadvantages/. We lose and make money from the market based on the information available to us.  We are not going to trade in day trading without risk but it is very profitable if we know how it works.

One huge advantage of being a day trader is the immediate market trend analytics available. In other words, for one to know what to do buy or sell, one would have immediate access to these info so they'll be the first to act before anyone else follows.

The greatest advantage of short-term trading is that it can quickly recoup capital and profits in the short term. This helps investors not be affected too much by the volatility of the market because the transaction is usually held in a short time. Trading in a volatile market is also a good way to help reduce risk in trading.

You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!

Yes.Day traders got quick profits in a short period of time so they do not wait for a long period of time just like holders to make profit.And because of that,day traders should possess more skills and confidence so they can survive in a day trading full of risks.

This is the advantage of the day traders because they will not be affected by the long term fluctuations since they are trading for a short period of time. It may be more stressful than being just a holder but if you are expert in day trading then you can have profits in just a short period of time even though the market is not doing good.

Yes one of the advantages of day trading is we can be own boss and we can make money as much as we can.  Trading for living is not a dream but we can make real that by keep learn how to make profit consistently from trading. And to make profit consistent from trading in my opinion will be more possible in spot trading and for the better avoid margin trading. We can trade spot market in crypto and also stocks.

Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?

right, must prepare skills that are qualified for daily trading. but indeed if we can take advantage of moment, it will certainly get a bigger profit. and of course trading will be your main activity, because it often monitors price movements

For me, the best advantage of a tradwr is that fhey have the ability to gain or earn profits without depending on the people around them. They can easily manage and earn by use of their own knowledge and strategic ideas. Many people today wants to become a trader so if yoi are one of them, do your best and learn in order for you to gain and achieve your goal to become a trader.

The main advantage is that the freedom that exists in us every day wants whenever we work and can also gather with more families than we work in offices. I feel this is a huge benefit

You can be your own boss, yes. But focusing into trading needs a lot of time and efforts. Also, risk is always there and newbie are welcome to experience it with precautions and a lot of knowledge. Remind yourself that trading is not always winning and earning. Losing is also part of it to gain more confident.

What a day trader really needs, is more profound trading knowledge, to be confident with their skills and trading. The market is rarely stagnant and every move a market makes is an opportunity for profit making unlike the case with position traders. With that so many profitable trading opportunities, not to have a paycheck at the end of a month, to the best of my knowledge is the least of worries of any savvy trader, instead we bother about receiving blank checks.

Day trading is just another crypto trading strategy, like scalping, hedge and other tactics (more about these here https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/). All of these provide you with an opportunity to make money on your own. If you have sufficient funds for that at least.
Trading on price changes can be very tricky, especially for a market that is as volatile as bitcoin. Thus, small price changes won't get you revenues needed to make your day-to-day life function. You need a large amount of savings to do that, unless you wish to use leverage (very very risky business indeed).

Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea.

You're cause setting an achievable goal is also among the rules and regulations of cryptocurrency day trader but with the current marjet status I think 10% profit you mentioned is more than enough. However, the only benefit I see in day trader is that they are always the first to make profit from the market each time the bullish market start.

One of the best daytrader I've known said, "Long term is more risky than day trading as you can easily predict what can happen tomorrow." Point taken so it's really depends on your appetite. From that saying I became a technical trader.  :)

Day trading is very good if you know now to go about it and makes some money from the market.  I could still remember when I was day trading in stock and forex and one thing I could remember is that it is very risky and the rewards is also very rewarding.

It is rewarding, because we not speculate for long time but for now day trading can't guarantee if we can profit everyday, at least spare some money to buy more that 1 coin to make sure we not stuck in 1 coin.

Day trading will give you unlimited of profit if you are good at it, but it contains a high risk and you need to keep on watching the price, day trading got its own thrill and excitement,but it's too stressful and difficult for some people and it's absolutely not for new traders that want to learn

for me now, trading is how to get profit, but hoping in a day, I think it's too much. because besides that day traders have a high risk, usually they also cooperate with manipulation or pump & dump activities

Im agree with you, it will be a good advantage if you have a good strategy in trading your coins. But it is high risky thing to do, you wont know if it will pump or the coins will dump.

Day trading gives on an opportunity to manage his portfolio better and be able to control his gains and losses. It is not all rosy in entirety is it requires a lot of knowledge and time.

It won't be work perfectly today since fluctuations of price is very active.  As a trader,  we may take advantage to those people who are selling their coins in low price and catch them. Though prices isn't predictable that's why we should always check our buying point and make some adjustments if possible.

The thing with day trading actually is that it involves a lot of monitoring the PC for the number of hours you want to trade within the day and then you want to be taking advantage of the short term fluctuations.

Day trading can actually be a lot fun when you know what you are doing and even with all the risk, the importance of learning is to at least know how to handle those risks and be able to do well in making more profit than losses in the long term. The mistake anyone would ever want to do though is to start day trading without any form of knowledge, practice or discipline whatsoever as that won't turn out well.

But trading in the day is very risky, because there are times when the market is constantly falling during the day, and can fall deep and can not climb up. so I think we should not trade the day, we should trade in the long run would be better

Being a day trader, most especially when you are good at what you do, you really will always be able to get something substantial gradually and like you said, you will really not care that much what is happening to the market in the short or long term as what you keep doing is to take advantage of the market fluctuations.

It takes some degree of discipline and knowledge to be able to always do it right because as rewarding as day trading could be, that is as risky as it can also get as well, and you need great knowledge and experience to always be able to pull a tradeoff.

i  think  everywhere  there  are  advantages  and  disadvantages  and also in day trader  we have lots  of  both but  i think here you have  to  be  smarter  and  to plan  every step  you are going  to make so it is a little complicated.

But I think the day trading is quite risky, maybe in the day coin prices continue to decline, and we can hardly make a profit, so I think we should invest in the long run. . It will be safer and more stable for us.

Most of us knows that mate, those who still dealing with day trading are people who can handle the risk and willing to work it out and see opportunities, for those who are not familiar with this settings a big risk are awaiting if they just jumped without any knowledge, only those who can manage to adopt and can change style of trading strategy from time to time can still earned good profits.

I think you need to look at both sides - both the positive and negative - to get an appropriate picture. I am not saying your benefits are incorrect, I am merely saying that if you have 5 mid-range positives and 20 mid-range negatives than you need to be make sure you're smart and it becomes more of a gamble than a thought out venture

As far as i know about day trading, it can give you profit that will be missed by just regular traders because basically, cryptocurrencies are volatile that it can rise and fall in just a couple of minutes.

Day trading is very profitable way to make money. But for this you must be an expert about day trading. If you become an expert day traders, then you will get more advantage to get high profts.

That is always the advantage, either as a day trader, short term trader, midterm trader or long term trader. The market will always have fluctuations, so the ability to always be able to take advantage of those fluctuations is what makes a trader to always have an edge in the long run as they tend to increase their stash even with their potential profit in the long run. When it comes to trading, the level of profit you can get from it determines the level of risk as well, which is why day trading even though it can reward a trader, if you have no idea of what you are doing, you can quickly and easily get burned.

We need to be "expert" everywhere to enjoy all types of "profitable" ways. There are 1000s of known profitable ways in trading and in every other opportunities of our life but being an expert is not that easier like you sound. But holding way of trading is not fast way of enjoying profits still you can do it by not becoming an expert in trading. Now, please tell me which one you will choose ?

Absolutely right. Actually bull markets are always very easy to day trade since you know the chances of the market moving up is far more than it moving down anyway and you are trying to take advantage of the fluctuations in between all those movements compared to bear market but at the same time, if you are leveraging, bear markets too can be very profitable to day trade, since you can short the market. The best way to be able to deal with day trade and be able to do right is to understand the long term trend of the market and take advantage of that.

I don't think it's just money. but a freedom and can be closer to family. because money alone if we look for it too will also give us a loss. as it is today. trading also can't lust with big results

we know that bullish trend hasn't happened yet at this time, but as daytrade you can still make a profit even though bearish is still
happening, but the risk is big enough because if you're not carefuly maybe you will lose because prices will tend to decrease

As for me the main advantage is in independence from market - no matter what is current situation you can generate profits by trading.

Beyond the mentioned advantages day trading is easy to start with some capital and you do not need to be a licensed trader,
just need a laptop and internet connection. Another advantage is that you are in control of creating your own success.

Each and every traders has Different techniques to trade their investment so day trading is also a benefit table where evening but when we are getting into it we need to spend much more time then the normal trading so it is tougher but the profitable is also begin when you had experience in day trading that's all.

people who benefited greatly from their day trading, but there were also many who suffered defeat in their day trading, for those who panicked because the coins they bought fell, from the high prices, and after that many traders panicked at that time they had selling coins that some of them have with prices falling, and they sell it when prices fall, which makes them suffer defeat.

The most important thing in trading is emotional discipline and without it no one can be sucessfull trader wheather day trader or longterm trader, Mostly people can not control emotions thats why they loose money.

As a trader is more on potential than investors Because traders always exploring new coins to buy and trade it to earn a extra profit. Because advantage of traders and investors is different.

Indeed, day traders can always make a profit regardless of the market situation is bad or good, more accurate, their capital is always very flexible, it never froze because they never held for too long, the collapse of the market or the slumping phase, all do not affect them too large. In addition, their profits are always high as long as they have enough experience to handle the situation, and they can be very diverse in their investment choices, these are the advantages that the holder never attains

I think there's no one has a confindenet to proceed day trading if they dont a have a source of income on its side. It should be have because if they proceed with no other extra money or sour of income to replace from losing. They can't enjoy playing day trading anymore.

in Day trading we can good returns in short time but v must b very discipline and should risk a definite amount   

The biggest advantage that day traders have is that they can quickly get profits and capital in a short period of time, which reduces the risk to investors in the current volatile market. . If you have good technical knowledge, this is the time that investors can use to make a profit.

Day trading is hard especialy when you have low emotional quotient to cope with the market's behavior. Day trading is risky as you are trading on a daily basis, its either you gonna win or lose everyday. What made it pretty difficult ia you nees to monitor for the prices of the coins hourly, you need to study the charts every a while just not to lose or avoid being bankrupt.

Day trading has benefits and risks as well. Day trading needs more time and experience and if you have these two then it is confirmed that you can make good profit on daily basis. You will not have to wait for long. In my opinion day trading is much better than holding coins for long time because we experienced that long holders of last year lost big money due to fall in the price in this year.

freedom in determining personal income. as a daily trader, a daily trader is free to determine his daily profit.
have more time with family. because daily traders on crypto are mostly done at home and playing with family.
free to determine working time. Daily traders do not have a fixed time. if the target is reached, then the work can be terminated. even if it happens within 1 hour of trading.

1% per day is the minimum target that keeps the mood in trading going. the most important thing is that in every trading activity it is necessary to monitor the flying hours that are constantly honed. I consider the daily trading experience to be the best to be wiser in taking every conclusion in fluctuations that continue to be different.

Yeah, that is one thing that makes day traders to always get something substantial consistently from day trading but the ability to day trade any market is something that absolutely comes with knowledge and experience and if that is lacking, you will not find it pretty amusing at all.

Day trading is a whole lot complex than every other style of trading as you need to keep monitoring the charts every single time, but one thing is that sure it can be promising, but the same way it can be promising, that is the same way when you do not have the knowledge, you will most definitely see the bad side of it. That applies to every other style of trading actually, but day trading being the most risky; you will really not be doing yourself well if you are not confident with a strategy or if you have none.

If you have the character of a day trader, it is good for you that you are able to earn daily on trading. And that's what I'd like to learn actually, but I know its not that easy to get that. I can't even imagine that if you do day trade, you have a capability to control of how many profits you want, it may not be fix but for sure at the end of the day in trading you would get profit.

As much as day trading can be very profitable, I still wonder how people tend to cope with it. The thing is that you do not have to day trade before you make profit eventually, and usually for day trades, which are not usually for the big wins depending on your strategy, but most of the time, it is usually based on how knowledgeable you are to be able to trade effectively.

Day trading is something I feel it is just too much but it is all good as long as you know what you are doing and moreover, you can even be trading high time frame and still be say trading anyway. One thing with trading and not just day trading is that as long as you know what you are doing, you are really going to be fine

It is still not sure though that at the end of the day you would have a profit. Day trading needs a lot of time and dedication but if you are really serious with it then your effort would be worth it. If you want to learn trading then day trading would be the best way to learn because you are always looking at at the market and eventually you will get familiar with it. You will notice that you can already control your emotions and wouldn't be affected by what others are thinking or trading.

Trader's more profitable than other crypto earnings  if you have a big funds for trading you will earn a big money for it.

Day trading, best of all - manual.
Do not use any kind of mechanical systems, or when another person will trade for you.

The big advantage of day trading is that you can get money on daily basis. You can do day trading gas full time job because you will earn enough profit that you will overcome your daily financial needs. No need to go outside for job and get a fixed salary after a month. I know that salary is confirmed but you cannot earn more than that, but in day trading you may earn more than a fixed salary in one day.

I don't know a single trader, who can earn daily and have profits in mid or even longterm perspective.

I think this is a myth. Moreover, when you daytrade, you risk to lose everything.

Yeah it is right that day trading is more profitable than any other source of profit. But you should keep in mind that day trading in not easy and one wrong decision will take all your money. Therefore I suggest you to gain as much knowledge as you can before starting trade. You must be courageous and patience to handle hard times and situations in the market.

Daily trading can be done for a few percent of the profits, just need enough free time for this and a cold head!

If you have a good skills and techniques used in day trading, then you will sure earn crypto profits everyday depending on the amount of cryptos you have rolled out since day 1. The only thing that you need to ensure is your time and effort or you might miss the sudin pump of that project,

Sure, it can be a full time job if you know what you are doing and you can be making some consistent profit at least somehow daily or weekly as the condition of the market gives.

Day trading can be very rewarding if you are good, but if you are not, it can be very devastating as I have seen a lot of people who usually end up getting totally screwed from their trade and losing all their funds, because they just assumed they can get into the market, start picking the bottom and selling the peak without even having a single idea what they are doing and all they keep doing is gambling the market. That is always a wrong move and it would always not lead to a good outcome.

In light of the fact that the tradesman, who is engaged in daily trading, is doing more labor, we can say that it makes less risky trade. No need to stress during the night he sleeps and successful in the field of trade and daily benefits such as the daily income of various operations. But there is a fact that a good level of knowledge and experience is needed to be able to make daily transactions and achieve profit margins in these transactions.

Do you guys use blockfolio or programs that alert you when day trading?  What programs do ppl use this for this?  Example you want to know when a coin hits say 2 dollars when its 1.50.  I know blockfolio on phone you can set alert but what about the computer?

Day traders can actually make profits on a daily basis as they keep trading the fluctuations of the market, but at the same time, that depends on a whole lot.

It is a market and you simply cannot just assume that everything will always be rosy as there would be some market conditions at times that may not be favorable most especially when it is a bear market and you want to know how to manage risks and manage yourself in every condition of the market that you get to find yourself eventually. It is not a guarantee that you will keep getting something steady daily, but at least within a month and if you are consistent, you can get something substantial.

Few people are able to make a profit every day because the market is so unpredictable and everything can happen in Cryptocurrency. I think if you want to achieve this you need to have a good source of knowledge and be taught properly, the opportunity to make a good profit in this market will happen.

i agree with you. In some month until now. it very hard to get money from the market

i agree with this idea. so with this advantage what will we do now bro?

You should have mentioned the disadvantage of daytrading also,and not only the advantage lol

But nice points on this mate because most of the things you’ve mentioned gives good vibes for the daytraders and the potentially traders.though i had stopped trading for quite awhile,i still looking forward to comeback when the market stablished

Daily trading is enough to drain the brain because we have to do research to select coins that will be traded and looking for coins to trade is not easy especially when the market has decreased. The method stated above is quite good even though it does not explain the risk taken. If daily trading is easy to get, surely everyone will choose daily trading and will not close the market. So I think everyone has their own strategies for their trade.

The good skills are actually the only thing that can help you and some level of practice on your strategy before even attempting it. For the crypto market and its volatility, that makes some coins easy to day trade anyway, but you also have to understand that as much as you want to be daytrading such as market as this, you need to get yourself fully equipped when it comes to making decisions because they do not come that easy just as some people think, it is when you get in and you see what it entails, before you will eventually understand that you underestimated it. Daytrading is very risky but can be very profitable and for the fact that it is very risky, you really want to be sure you are ready.

Almost all the signs point towards advantages while disadvantage are very depending upon the performance of a trader. By performance I mean making occasional decisions and decisions for future should be based on crypto knowledge in which different rules are and strategies are involved. When you know these rules and strategies then you will be able to run every business and can make money with any source.

The advantage of day trading is that you can make money on daily basis if you are capable of affective trading. Successful traders always have positive attitude and thoughts and must be aware of the market. When he get chance of making a bit profit he would never miss this chance. Only experienced traders can make money from day trading.

Sure, and I do not even expect anyone to be arguing that actually. However, as profitable as it can be, that is how hectic it can be generally and frustrating for someone who does not have any trading knowledge or experience. It is easy to talk about day trading but it is when you get into action as a day trader and you have to be making intraday decisions, which you will understand it is not at all an easy thing to do.

However, it is what it is, the more the risk, the more the profit and the more the losses as well. So at the end, it all depends on how you are able to manage yourself in which scenario you end up with.

The advantage of day trader is loss is not that too much as you have your own daily exit plan. Though day trading is risky but if you know how to ride the market you may earn profit little by little daily.

I think the main advantage of day trailer the prophet always come to your friend everyday that's why they using day trading particularly otherwise there is no difference between day trading and long term investment is always same.

It's true that this is good advantage for day traders for all trader that working every moment they want to enter the job their are like a boss make profit for their on way of trading.

That's right one of the advantages being a day trade you can able to make profit even though bearish is still happening according to what you just said.  But not all traders know the proper way of doing a day trade, I think only the expert one who can do that things. That's why I'm asking here that as a day trader it has a characteristic that we should follow for us to achieve the earnings here.

there is some advantage for day trading like you can earn little profit daily but day trading require a lot of time and experience if you compare it to long-term trade

Day trading is one of the most profitable sources of income. If you know the market well, have the experience of trading, you are smart enough to handle this bearish market, and you can make money on daily basis. I love day trading because I cannot wait for long without doing anything. I want to do something good for my family’s secure and bright future.

Day trader gives the advantage for the trader to try to make a profit from many coins especially if the market keeps moving like today. But before you work day trader, you need to learn about the movement for each coin, so you know the right time to buy and sell. It cannot happen in shortly, but if you keep trying, then you can earn a good income in trading. The potential to get a big profit is wide open especially if you can improve your trading skill.

well, of course in terms of profits, you can make lots of profits from different coins, and that will certainly add to your experience in trading. however, there are so many things to learn, and I don't think you can benefit every time.

lol. Day trading is not actually for the faint hearted and you really want to be sure you know exactly what you are doing as far as day trading is concerned. In this case, it is all about what you know, the strategies you have and how well you are able to execute them without fear or emotion, which if you allow the latter to kick in, you will wish you never started day trading in the first place. The risk is very huge as well as the profit, but you really have to be good at it to get the best from it or the worst if you are not good.

Benefitting every time is something that has to do with the market overall, as well as your own pattern of trading in most cases, but the main thing here is that you really want to know what you are doing, and know that you actually do have the time to be able to monitor your trades as far as day trading is concerned.

It can be a lot promising in terms of huge gains from it if you are good, but in the same vein, it can be different negative stories, if you are an emotional trader that has no strategy at all. It is a totally different ball game when compared to other styles of trading and the same way it can be pretty incentive, is the same way it can ruin your pocket if care is not taken.

Well, although I agree with the above-stated things, I also, thing that if you are into day trading, the risks that you should shoulder is way more compared to other people who venture in other fields in the cryptocurrencies market. I say that because of the fact that it is required of you to closely look at the market because the window to make trades is very narrow, especially since the market is not doing so good at the moment. I know day trading can really be profitable, but at the same time, it can also be a market that can make you regret.

Hahahaha! I agree with that fact that day trading can really drain your brain and make you a lot tired than you can imagine, but this is something that depends on each individual.

The thing with day trading is that you have to be focused on the screen most of the time, as you need to be making quick decisions since all you are after are the intraday fluctuations, and you simply do not want to either miss a chance to do the needful at every point in time. Nonetheless, it can be very interesting if you know what you are doing and you are hitting it big, but the risk is always there and it is not for everyone.

One big advantage of day trading is that you will never feel bad in the market if you are capable to make money from daily trading. You can even make money from this bearish situation of the market. If there is up and down of $100 dollars daily, it is enough for a smart trader; he can make good money from this low price fluctuation. But traders should mostly trade in bitcoin. It is better than Altcoin trading.

the advantage of the daily trader is that we can still manage profit every day and that can be part of the strategy, even though the profit can be small starting from 10-15% but it continues to run every day and it can be a good income.

Those steps mentioned are the advantage of day trading what about the other side of day trading? If given would have given a newbie trader the opportunity to chose from. I know there are some pitfalls associated with day trading which are not good for any trader especially the newbie traders. What I will do here is to enumerate some i know while others will continue on the disadvantage of day trader.
1. Leaving the market too early
2. Always  not having good capital base
3.Massive fund lose.

Day trade is a bit risky but if you have a good skills in trading i think today is good time to do that because the price goes up a bit and slowly go down again after a few days short term is a good choice for trading today.

but if you don't have the knowledge and skills then daytrade will easily give you a loss? if you are not alert and ready, maybe your losses
will be much greater if you don't keep on standby on the market because day trade requires a lot of time allocation?

Surely all people who trade must have high skills and knowledge, otherwise it will be easily fooled by buyers. the risk of trading is large, especially when the market is unstable. must be patient and smart to find opportunities to always be profitable even though the benefits are small.

Day trading is no doubt a very risky way of making money, but I think that it is also the shortest way of making money, in fact from day trading a person can make a lot of money in a short time, because short term investment always give us opportunity to make money from there.

I am not sure, it is that easy, you can make nice profits, but also loose a lot. Sure not having a boss is a good point :D But education is still very important, maybe not expensive, but without doubt, a lot of effort to become as good as to be able to constantly making money. And let's not forget about, that you need an initial investment, which many people does not have, so in that manner, an "expensive education" may be cheaper..

the advantages of doing daily trading are very many, you can get a profit with a daily period and make sure you trade daily when the exchange conditions are crowded and the coin price movements are very fast then you will be easy to benefit when such moments.

 nervousness and sometimes anxiety will make us very susceptible to stress and stress. There are a lot of day traders who are very tired of their work and they have to manage their portfolio up to $ 50k per day. So they need to be highly focused and they are really tired. I do not think it's as good as you say.

Right.Day trading has a lot of advantages but in order to enjoy all its advantages,you must first learn and experience more on trading so you will develop your own skills in trading.Day trading can give you a huge and continuous profit if you are using good strategies that will not make you lose much.

The advantages of day trading are that it can be flexible and limited to large volume discharge processes. It is not affected by the value from the FUDs streams at the same time. However, in terms of profitability. I think short-term investment will be effective in Q4 instead of continuing trading on a daily basis.

Day trading or short term investment is more secure or less risky than long term investment but short term investment is less profitable than long term investment.

Anything we do happens with the information and knowledge, when you are not aware of something it is not good though, day trading is good but for those who are well experience and have fine skill of trading, it gives profit and it saves our extra time for earning and getting money, I am planning to start day trading because it secures our money, it has plenty of benefits but the only thing is one should know the proper use.

Day trading has a lot of advantages. When you are a day trader, you have accede to all your coins from time to time. You can monitor your coins at your own convenient time. When coins are delisted, you can be able to recover coin on time. There is great advantage of day trading.

The day trading is most likely to work by researching the bullish market. It can be more dangerous than you are thinking about the current market situation. So, I suggest keeping out of day trading for a while!

Skilled and talented day traders make much money. Oh, yes, they work for many hours, they do not have the days off, but their earnings are great. However, these men usually quit main jobs to trade only.

becoming day trader is not that easy if we learn hoe to day trade then it as many advantages we could make money while enjoying our life

Yes the advantage is  that you can make daily money if you know how to do it and get booked your profits . Also no tension of holding so that even if market falls you out are fine. Even in the falling market you can make money and do not have to worry about it .

Those are the advantages, but what about the disadvantages in being a trader. And by the way how do you get the money to do trading when you don’t have other jobs that you’re into? It’s good to be self employed, but you will always start from somewhere before you become a self employed and an investor or trader. And sometimes these advantages don’t work, it’s not all the times you make profit.

But behind all the fun of trading day there is a big risk too, to be honest I also like trading day but I always do it with careful thinking.

Yes, the work of a trader certainly has many advantages. All of the above are great for describing them.
But don't forget about the negative aspects, such as:
- constant strong stress;
- problems with sleep;
- lack of time for other important aspects of life;
- health problems due to the increased level of stress, constant sitting position and a large load on the eyes.
And even if now you haven't yet encountered these problems, then you will soon encounter.
Of course, all these problems can be partially solved and their negative impact on you can be minimized.
I described them because I think that it is necessary to know not only the positive aspects of trading, but also the negative ones.

It is up to trader to choose which timeframe he wanna to check,trade. Self employment stories are result of hard work,consistence,education. I personally try to apply my strategies in different timeframes,pairs for better view of image.

even then if someone gains in the daily period, what if he intends to do it but the market conditions will decrease?
surely he must have the HOLD coin to the right "get a profit, this day trading is very high risk, we should think about profit

They can even make 10% or more profits in a day if they know basic trading techniques which can't be earned in any other kind of job but the problem is it is much risky too since the prices can fall at any time so don't invest much money for day trading only do with 10% or less as capital from your total crypto investment.

The higher it risk, the more gains we have. If you have strong enough and have enough knowledge on trading,  it is a place for you but if not,  you better not to invest in crypto. 
Many were go into day trading when the market is healthy but for now,  day trading isn't that much effective and ain't gaining more.  That's is why they'll just go into short or long term holding.

Right.Day trading is not much profitable unlike before.The market is continuously decreasing its price.You can still go with day trade but in the end,you might only gain a small amount of profit.That is why many traders today still settle for long-term holding and trade only when the market condition is already good.

Yes, day trading is a very high risk but we can minimize this risk by doing proper research and study the movements of the market on which can enable us to minimize those risk and change it to earn a huge profit just by enhancing our own trading strategies that would help us to establish a good move in the market even it was a bull or bear market.

Day trading is good and you’re being your own boss by doing that. But just don’t forget that day trading is not meant for everyone. I do know some people claim they rely on trading alone. Don’t do such because you see others doing it,, be truthful to yourself and do it the way you can. You can still have a job doing and still have trading as a side job,, that will work perfectly fine.

+sleep well lol

If you know the trading and have experience day trading is really the best job as you can earn daily and enjoy profits irrespective of whether market is going up or down . Though it involves risk but you are rewarded in a great way as well. So take decision wisely .

Yes for sure day trading is only for those who are well experienced and have good information about trading but for those who are new day trading cannot be beneficent. No doubt there are allot of people who made fine income on daily basis for day trading but for this you will have to gain knowledge and learn skills of day trading from expert traders.

That's very very true buddy. I have been using something little out of my money for trading and honestly speaking it's been good if you decide to day trade. Well, my trading behavior is less than that of a day trader, I only trade during a pump.

You might not require a higher education but you need tons of time to get through with it and with dedications I think things will be much more easier but It will require some serious discipline and persistence

Day trading is surely based on pump and dump but at a shorter scale and for a shorter period of time.
It surely isn't that easy but can be done easily with a little bit of practice.


Not always. Every trader always have a bad day at some point.

With daily trading we could catch every possibilities that may occur from the price fluctuations. It sometimes up and down in a huge range which for sure can give us adequate profit if we pick the right time to buy and sell. But unfortunately, the things won't run as simple as that. Sometimes we may find it hard to choose the right time and even we could be trapped when the price is moving against us for a bit longer which require us to make a fast reaction.

Yes trading is very interesting and profitable business, if you do not have other activities, but do not get carried away and spend your last money

it's for people who have experience in it. besides, trading is not always a profitable business, even I feel that trading every day requires a large amount of capital, and a higher risk.

trying with small capital first.analize your skill with this amount, could you make your money growth or maybe loss.trading not suitable for each person.

Day traders stay busy all the time. Therefore, they cannot relax ever. I guess, it teaches them a great discipline and also gives them the better possibility to earn money every day.

Day trading is more complicated than longer term trading  due to required amount of time and attention. Swing trading can solve this problems but it will reduce the ratio of profit/loss. Discipline is what comes after learning the lessons in harder ways.

not always a big risk gives a chance to get big profit, see when bearish happens? the risk gets bigger because the price falls more often, but the price rises only in a small ratio, it proves it. the most important thing is that you have to manage risk well, don't take too much risk if you aren't prepared for it..

that 's was not the meaning of high risk high return.you only see this on negative side, have you ever imagin when we bought bitcoin in low price and sell it on ATH .by this case we could say too that has only less risk but give us huge profits.

That could be true but in day trading you will have to keep your heart too big as it is not guaranteed that if you will earn everyday or not. That’s also a reality that there are many people who use to trade for day but they earn on daily basis. The same way if we buy bitcoin at low price so it need to hold for earning profit from it.

Less risk you say ? while many people really want to be able to sell at ATH, but prices will always fluctuate up and down and no one knows when prices will rise and penetrate ATH, even the coin may die because it cannot survive. I don't think we can call it less risk for crypto investment..

Trading/investing is indeed less riskier than other forms of business but i dont really know the advantage of a day trader compare to a night trader . i think both of them are still the same because the price will always fluctuate and you cant predict them  .  the price isnt high at day time because the price is rolling randomly  .

@op there other income oppurtunities that is has more advantage that day trading  . investing on profitable ico's for example because they have a lot of bonuses and playing a gambling or investing in a gambling site is also a good option  .

You can make huge profits in a day,when compared to long term holders but the problem is you also can make huge losses in a days that is why we call day trading as most risky thing to do,experience may help people in somewhat but still t is like gambling.

- Making huge profits is really a very obvious advantage when we look at day traders, as long as the market is always volatile, they will always be able to earn money while those who choose to hold for a long time can only wait and look at traders making money. But exactly as you say, the risk is extremely large when this market can change very unusually in a short time, even for professional day traders, they have a lot of experience but they are still hurt by this market, so before we become a day trader, we should look at the risks we can get, instead of the advantages, it will help us make a reasonable decision.

But there are really people who do rush up on doing active or day trading without even realizing the possible risk behind it.This is why its much better to gain experience and skills before jumping into this mode
of trading.It wont really be that easy and yes those professionals are still eagering to make profits with this very volatile market.The advantage to them is that they don't rely on what do have the current trend of the market which they are still able to make way on earning money.

I just mentioned the advantages,but there are lot of disadvantages too.If OP asked them in first place then I am ready to explain them in detailed.

More profits always associated with more risk so we need to decide what kind of approach we have to do.

Being a day trader there are similar things that folding for long time and selling in quicktime because caring is same procedure but that time and date varies that day trading will you quick profit and less profit but holding long time will give huge profit .

Day trading is an exciting trading activities that take a whole bunch of your personal physical,  mental and emotional life.  It is  rewarding and risky.  Day trading is better when the bull market is starting on continuing!

This is not goodbye I think we can make good profit in day trading as well but the only thing that you will have to increase your knowledge about say trading and you should know all those point which can make profit and which can make you lose so adopt the positive things and avoid the negative. It need knowledge and information to earn better in day trading.

The advantage being a traders are can work independently without boss and they decide their own time when he start work.
But seriously speaking trading job is risky job they have possible to lose all asset they have if not resposible as as traders.

Yeah, a more profitable activities to do everyday but your profit will depend on your skills. Its not easy to do day trading because you have to analyze everything and if you are in a less experience you will lose money. The advantage of day trading is very minimal compare to the risk is has, so make a wise decision before you do day trading.

There is a lot of advatanges of being a day trader, the number 1  for me you can handle your time because if you are employed to work you have specific time that you need to go and never be late for the good performance. And you don't have boss because in trading you are the boss and no one can command to you. Everything is depends to you and also your profit is depends to your research.

Your fate in trading depends on you, that's being a risk taker.

Most of us works on a certain company with boss to make money but we sometimes are not satisfied with the amount of salary we are getting, so we venture to a more risky way of making money, and this could be trading, however, we should be ready for the possibilities as the losing side will definitely hurt our income.

What we think is best should be done, because without taking risk, we will never achieve our financial goal which is to enjoy the freedom.

well, maybe a lot of benefits from being a trader, but there are also many risks. maybe the benefit you can get is, you can manage your own management. besides, you can also make a lot of money in a short time. however, the risk is the opposite of the profits.

No doubt that trading is all full of profit and it gives good life saving to all those who has those day trading skills. There are many people who really admire day trading and it’s good but only skilled and well experienced people can prevent that risk which is part of day trading. So there are uncountable benefits but with skills.

Yup you will become your own boss, but who told you that there is nothing like having a dull moment? There are times when things can get dull or boring and you will need to take a break from it. Being self employed is really good, but before you become self employed, make sure that you’re well to do. Not everyone can be able to stay self employed. So if you’re going to be self employed as a trader you should first know how much your making.

Being self-employed has its pros and cons as well, Yes you are your own boss and you will work if you feel like to. But there are pressure because it's not that stable specially if you are a day trader. You don't know if its going to be a good or bad day.

At least if you wanted to look at day trading as a job then at least you have a 6 month bucket (savings) so that in case something bad happen, you still have money to feed your family and your monthly bills, imho.

Might be profitable though in 2017, but 2018 is so much the opposite so I don't know how traders who look for trading as means to an end survived last year.

The advantage of doing a day trader is that we can avoid large losses because basically when trading daily we can make decisions quickly.
Small profits are not a problem because the benefits can be stable and we can get profit every day.
I prefer day trading, I feel that trading for a long time can pose a big risk. Do it according to your abilities and we can get something we want.

daily range in daily trading usually as not large with long term trading.maybe maximal around 15% if market moved extremley.if it dont maybe only around 3%.and by doing daily trading we could quickly take decision if bearish signal occur in market so we could avoid big loss in future.

Daily trading could be good to make small profit in daily basis but there will be time when we should end our day in a lose state. It will be so hard to get steady profit daily btw. Yes, with daily trading we should follow the price movement regularly and with it, we can make our decisions as fast as possible.

Well, day trading is not that easy, as you have described. It is a very risky thing, first you have to gain tons of knowledge and experience, if you want to be successful in day trading.

As a daily trader it make sense that your trading is a lifetime job every minute's and hours you can earn in cryptocurrency market as well.

If you are day trader then you can limit you loss or not need to hold your item for long term for price fall. But if you try to invest for long term then you might be looser and for that case you have to wait for too long.

These days i think is bit hard to do a good profit everyday, will need a lot of money and also this not guarantee a profit even on short term. I think now is better to make trades for medium term and maybe can get some profit.

Day traders is more than safe than long-term trade for a long couple of day that they lossing their money by holding if the price of altcoin get dropping.

I agree with that more safer then long term investor. But at the same time long term investment waste lee time and also it can give you good profit. For example you can check history of top 10 cryptocurrency from coinmarketcap.

Day trading is for expert traders or for those who has long term experience and they are well aware of market situations so to be a day trader try to learn more and more it has huge profits and good income. At the same time I like to be an investor as it will save my future. Apart from all this I personally get to trade for long term and invest for long term.

I agree with all the pros that you listed. While I am new to this forum I am in no way new to trading and I have seen the great 2017 and thought once that trading is all gain. Come May 2018 I realized there is so much more to trading. Trading style, TA and hodling whether  by choice or not  ;D
What I am trying to say though is that day trading is my best opt most of the time but this require passion and time devotion.

Exactly without proper skill and experience it is impossible to earn profit by day trading if its happen any exception that is rare and it cant be always. Maximum time day trader will be loser if any day trader trade without proper experience.

when reading the benefits that you explain, trading looks very easy. whereas actually trading is not that easy, even the potential to lose all the money traded is very large, then we also have to continue to monitor price developments so that we can make the right decisions.

I agree with others that it is quite difficult right now to make much money in this bear market day trading. You must be very skilled, have a substantial investment, or send a lot of time and energy on it. Even then it is not really guaranteed. Like this guy, https://bitcointalk.org/index.php?topic=5101324.20 he said he wants to invest 10k into crypto right now but did not have much experience in the past, hope he doesn't lose it all.  :-\

Intraday trading requires a significant amount of time. This should be the main occupation - in their trading decisions you have to rely on analysis, and not on emotions.

It is not easy to become day trader ,your patience level should be at high and should be psychological strong.ya day trader make good amount of money but the time they devote to screen is high,it affect their eyesight as well as metabolism as you forget to sleep at night just because you are afraid of losing your fund.they have big advantage as they can make small profit and stack them to make big profit but it is not easy task.

There are many disadvantages than advantages in day trading and it is not for everybody, if you are a experienced trader then you can do it and make profits too, inexperienced traders shouldn't think about it, as you can't be successful in it.

Day trading actually goes much quick and also needs a lot more reserch than long term trading. We can rely on the coin for long term trading as the cryptocurrency markets will surely grow in the upcoming future which will bring some good value to the coin we are holding.
Similarly, short term trading needs advanced knowledge about the coin we are investing into.
Day trading can make good profits but the chances of loss is comparatively greater if you don't set a stop loss.
I personally, prefer mid-range trading along with setting a stop-loss. It gives me good profits.

day trading has many advantages but being a day trader is not easy first we should make consistent profits , if we make 100$ profit today and lose 150$ tomorrow there is no way we can become day trader
what i do is i set a weekly loss and profit and manage risks 

True fact  ;D at first trade i have that experience, after profit i loss more than that. Daily trading actualy something that really need to concerned if we want to do it. Because it is not like we buy and sell and hold without analyze.

This is so true as I experienced this when I am still using Poloniex to trade. I can earn $100 per day and I can do that in 3-5 days continuously. But I can also lost everything that I earned from those days in just a single trade because of following my emotions and not using the tools like the Bollinger band, RSI and parabolic SAR, Those tools are very helpful for day traders. It helps you see whats the next possible move of the coin.

if we have a lot of time then daily trading obviously benefits, because we can get results from the day to day, secondly we can avoid big losses because we always monitor price movements from time to time so if prices drop then we can quickly make purchases, and if the price rises we can immediately sell and we will get profit from time to time, daily trading always provides benefits for anyone who is able to analyze prices correctly.

Their freedom of time to work and can also gather with family is a point that I think is good if we want to live as a trader maybe this is a big reason why becoming a trader

Although you have freedom of time it can't guarantee us to gain profit all the time, because not all scenario in crypto has good trading market. The advantages of being a day trader always depends on green market that many people have frequent trading activities, and their options is buying as well as selling daily.

One of the advantages in day trading is we can earn 5%-10% daily of our investment but being a day trader are not easy job because most of their time are monitoring the movements of the coin thay they are trading.

That will only become an advantage if you keep predicting the right price movement, but if you do the opposite, that would become
a disadvantage. Actually you will not only make that profit, you can go even more but like I said, it will only depend on how good you are, your skills matters as that what's bring money to you as a profit.

- Home office work conditions: You can work from your home and whenever you want (attention this condition can also be a disadvantage for some people)

- Indeed, becoming a day trader is not an easy job when we need to spend a lot of time to select and analyze market fluctuations, analyze the factors that can change the trend of the market, we even need to calculate the time to cut losses and time to buy or sell reasonable, too many tasks to complete and very pressure when we are a day trader. But exactly as you say, we can make more money than the holder, we are not dependent on any coin, we can make a profit anywhere with any market conditions, our capacity is proportional to the amount of money we can earn

Day trading might be very much difficult for making profit but it is not impossible. If it was impossible then every person stopped buy as  a result sell price should go lowest and more chance there could have no transaction.

Indeed, you can be profitable in day trading although only few traders can do that.
Mastering your skills is very important as every decision when you are day trading is very crucial, it could give you a big losses if you are not too diligent.

there are so many advantages that we can get from daily trading, but we have to spend a lot of time monitoring price developments, because if we are a little late we will lose the opportunity to buy when prices go down or sell when prices rise.

But there are lot of disadvantages are also available in day trading so people don't have to day trade if they can't afford that capital.And even the price movement analysis too often will make you sick and will affect your mental health so don't lose your health while looking for some money.Day traders need to have many source of income as well to make risky moves without much fear.

the benefit and advantage of day trader for me is , you can do fast cutloss if you think the market will be worst and make ur capital safe

If you are implementing Day trading, it means you are a freelancer. Which you can do whatever you want in trading Whether you lose or not.
You can consider it as your own part time income which is better than the salary of an ordinary employee. Because, you can earn in daily basis more than the minimum daily salary.

you just made your points but the current market situation looks like it favors nobody but the experienced ones. whether you are day or night, any slight mistake will get you burned down without any mistake and you will regret so much fo such mistakes. it is quite unfortunate to note that many are abandoning the trading platform due to the uncertainty of the market.

everyone wants to be a boss in his own job so cryptocurrency field will make that dreams more easily possible and a day trader will always do some other business also instead of trading it is also very helpful for them to make double income for his life.

Yes the real advantage of day trading is independence, no matter what the situation is you can make profit from market, it needs a little higher skills than long term trading but there are so many advantages too, for me it is good way to have fast higher income than any other investment I am planning to learn day trading properly as it’s my first experience.

In trading activity is not easy to earn profit consistently,  so beside we jump in to trading we should be have others source income and dont use trading for main job.  Some trader can be successfully in trading but others alot of trader also hasbeen loss much money. 

only profesional trader that earn consitant profit make this activity as main job.only few people has good skill in analizing and also good lucky in this market that could survive.having other job as source income make our psychology kept and easy to controll our emotion when price crashing.

if have no saving we should try make this market as main job.much people disappointed with this market when they make it as main income source.for some people that have much money no problem , but for people that still be beginner it will be serious problem.

The current market situation will be suited for day traders , but not for long time I think

daily trading is a learning for traders, if we trade on a daily basis then we will always monitor price movements, and we can make price predictions from time to time, so there are many advantages that we can get from trading daily, but don't use money too a lot because the potential loss will always be there, if we are not careful in taking existing decisions.

I disagree with everything particularly with the 'never a dull moment' part. Maybe if it's a bull run but bull run does not really last long so we are talking about the long months of stress that comes after. Day traders are suffering with so much anxiety right now if they still pursue it.

Exactly. Also the psychology of wanting to "win big" is really what makes the biggest losses since its not only a win big but also a "lose big" mentality. So in the end, weak hands are shaken out and you lose.

You need to have conditions for day trading. At the moment except some coins most of them are in downtrend. I don`t like pump and dump coins, so I don`t consider them in day trading, it`s a scheme that makes money for market manipulators. I`m on hold with coins I trade with daily, I wait market to drop more before I buy again. My short term prediction is that prices will soar more, after that we can see some uptrends. My short term trading become mid term this year, prices don`t move in the way I believe they will. I guess we all need to be patient in this times and wait for good opportunity, sometimes you need to rest.

Trading is risky activity with  potential high profit, from trading we can change the financial to be much better. Alot of people was get financial freedom from trading, and also some people been lossing money, but by keep learn that loss will be make us become more professional in trading and later we get good income from it.

Many crypto almost of the crypto goes up and down in this case for long term trader can get lowest to highest margin. But day trade can get all the margin when up they exit and when low again enter. In this way day trader can gain multiple times where long term trader can gain only a single time.

What's happening with MPCX's IEO? 3 different crowd sales concurrently? (OOOBTC, MPCX's site, ProBit)

I think trading is not for everyone, with that as a fact day trading can`t be profitable for everyone, one more fact is that the majority is losing, while the minority is making a profit. I`m one of the people who lost a lot of money with day trading, so that kind of trading for doesn`t have any advantage. I`m more of the mid and long term trader, I keep my coins for months before I get into profit.

We talked a lot about the advantages, I have been trading every day and I really feel quite tired at the end of the job. Because our brain will always be active and we just look all the time at computer screens and charts. That will cause severe stress and I really do not appreciate this work.
I really just like to buy and hold. Less profit but it will be safer for my health.

Of course there are a number of advantages, but don't forget about some of the factors.
In order to be a successful trader, you must have (or develop) the mind, patience, self-control and some other qualities.
So the desire to have all these advantages is insufficient, but basic.
So learn, practice and earn.

Day trading has its advantages and disadvantages. This is quite a difficult way to trade, because it requires good endurance and perseverance and also takes a very long time. Therefore, not everyone can afford this strategy.

Apart from the highlighted  above points, it makes an individual to be a master in no distance time. You will have a domain experience on anything you are doing daily repeatedly. Day trader spend a lot of time than any kind of other traders.

To succeed in this difficult task, you need to spend too much time behind the monitor screen. In fact, you need to spend as much time and effort as on the usual good work, only in this case, your efforts will give good results. As a hobby, trading is no good, continuous losses from lack of experience.

That's necessary but the most important is your knowledge and your skills as that would help you make an effective strategy.
Putting more time and effort is just the basic things to do as a day trader but everyone has their unique understanding on the market, so those who are smart enough will most likely become more successful.

As a day trader, there are lot of things reason for us to face if We implement it in our daily lives.
And those reason such as follows:

- You can have a chance to know everything about bitcoin and its advantages.
- You can able to earn Bitcoin or crypto.
- You can also had a chance to save money in the future.
-  And learn a lot about idea and knowledge to become successful here in the end.

That's just one part of the equation, if you are going to sit in front of your PC and don't do anything or at least didn't want to take the risk or plunge into this ecosystem then you wouldn't learn a thing or do.

That's why I'm a firm believer that you really need to get your hards dirty early and learn from your mistakes. Most of the time if didn't went on our way, but at least you learn some valuable lessons along the way.

Day trader can take his/her profit daily and he can buy when dump and sell when pump but those who are not day trader/long term investor those cant sell at the moment as a result those can get one profit but day trader can take profit on multiple phase.

It has its own advantage and disadvantage. Being a day trader, you can focus more on what you do. You also have time to other things like your hobbies and family. Less stressful compared to having a day job. Disadvantages are its more risky because your money is at stake on trading. When your plan doesn't go what you've expected then you'll lose money. So having a backup capital to become a day trader is necessary.

Everything have two side positive and negative on the same way day trading has both sides positive and negative those who are smart people, to those day trading is good.

trading on the cryptocurrency market in one way or another takes a lot of free time from the trader, as you need to always control the market and your assets in order to react in time to the changing situation.  It seems to me that every trader knows that his family will still suffer when he is absent.