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95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!

No, 95-99% of traders fail because of poor risk management firstly. Then the second reason is that they haven't mastered at least the essential parts of technical analysis. Then comes the emotions, FOMO, etc.. You see.. daytrading is no easy job, you need a lot of time to become proficient and it is not for everybody.

So, what is your question ? I mean what you have stated has been repeated in this board for more than hundred times and I am not seeing that you started this topic for finding yourself successful in trading like you may go for it or not. In short, your post is not qualifying as a OPEN-POST.

If you are here to enlighten this community then there are plenty of discussions on day trading :
(I just got them in first 5 pages of this board itself. Not using google. It means there are many active discussions on day trading)

Mistakes need to avoid in day trading (https://bitcointalk.org/index.php?topic=5104609.0)
with market conditions like this, are there any tips for continuing day trading? (https://bitcointalk.org/index.php?topic=5108179.0)
Please advise me which coins best for the day trading (https://bitcointalk.org/index.php?topic=5088103.0)
The advantage of day trader (https://bitcointalk.org/index.php?topic=4920722.0)

Doing one's own research is a must with cryptocurrency. Trading is highly risk involved, because the market moves forward or downwards in no time. One who's prediction about the market gets coincidence with the real market can earn good through trading. FOMO is a factor that can be found on each and every user who depend on trading earnings as the primary source. One who doesn't fear will succeed at least in the long run.

I already feel how to be day traders and it is very stressful. Maybe if not people who already experienced or really trained to push themself everyday, wouldn't really lasted for a long time in day trader.

Of course, in order to close the lack of information over time, you need to make losses or study hard for your lessons. For me, day trading is the best choice for our current situation. Because we cannot predict how the price will be in long term, and if we want to make money, we must at least continue in a way that we can find, so ''day tarding''.

well people nowadays are very greedy and always didn't follow the simple rules when it come doing day trading and etc wherein even though it's for their safety.  However some thread here and article around the internet that have suggestions and explanation how unsafe day trading is turning into useless because of this many greedy people that always ignored the best solution to reduce risk situation.

knowledge and time even analysis in trade is indeed a determinant in the success of trade.
most of the trading failures they did were due to the lack of knowledge and emotion from the trader.

traders fail not because they arent prepared . they failed because trading is a hard game  , how much more if day trading ? we didnt know the next movement of the coins . at first sight they can be rising but after you decide to sell , the price suddenly fell off  and that was not your fault if that happens because you are only doing the right move its just the market is verry manipulatable .

It's true most of the new traders don't have knowledge and some of them really don't really understand the concept of it and after they bought a coin they ended up holding it and most of them believe of the term HODL but they don't know the risk of Holding a coin for a long time.

It's true that newbies are having a trouble about day trading I've experienced it before because I once a newbie and understand what really happened to thos new in day trading, a good knowledge and willingness to learn is the key in order to master the day trading concept (of course not all the time you're going to earn from it, losing is part of trading industry.)

They fail simply they don't know how to be a day trader!.

Majority of newbies chooses to they trade, probably because they here it somewhere that you can still make a lot of money, but it's not easy at it sounds.

Actually in the rally that we have been seeing in the last 2 days or so, I wouldn't day trade, too risky, those kind of rally is not a good indication for day traders. I assume that they stop in because there's no dumping so far and think that this might be the start of a bull run.

And I'm sure day trading will definitely spend a lot of time in front of the monitor :D
no problem for those who have a lot of free time, day trading can reduce the risk of loss because most daily traders take small profits but again and again (repeatedly)

I absolutely second this! They fail because of of poor risk management in combination with poor money management. Here are the main problems (where the majority of traders fail) in order of importance:

1. Most important: poor money management and poor risk management.

2. Almost equally important: poor psychology - emotions going wild.

3. Slightly less important: poor trading system, poor technical analysis skills.

The first two are huge! The sad thing is, almost nobody is paying attention to them. Everybody is going straight to TA, and as a result, fail.

most of the day traders are keeping the good time and don't wait for the right time this will be the mistake that they have taken here and a lots of opportunity will miss pay them because of don't taking any higher risk.

It's hard job and all you said is true, day trading can be profitable but you need the skills to be effective in doing it.
That's why I stopped day trading because my experience tells me so, based on my record I'm not profitable, but holding gives me a better profit
and I'm comfortable with it as it's easy and you don't need to monitor the price constantly unlike in day trading.

Controlling your emotion are both important actually, whether you go for long term or day trading.

not everyone has difficulty in trading day, because some crypto users are of course able to take advantage of day trading to generate quick profits. Although the average person who fails in day trading can only be felt by new players in this field, because this is due to a lack of knowledge and unable to learn more about technical analysis of market charts

Day trading also will be profitable if you trade only high volume assets and you must be ready to convert your day trading into short term trading. It may prevent you to book losses within a day. When we trade highly reputed coins and tokens then we never need to worry on where we are heading and what could be closing value for a day.

I don't think there are too many people failing like that. I think trading day is easier because we can learn about how the market or some trading platform works.
The most important thing is a stop loss. A professional trader never fails to place a stop-loss order. Day trading is quite safe and not too difficult as you think.

The whole crypto price movement is unpredictable. You can't count that as a reason why day trades fails. That's the challenge in here, to deal with the unpredictable price movement especially in day trades.

Also with that 95% of days traders as you mentioned, I don't believed they are all being under of a certain hype why they bought coins as you mentioned it's one of the reason. The said percentage is just your own thoughts. You can't applied that generally.


Concept and purpose of the project is not the main reference when choosing a coin but it can take as "one" of the reference. There are lots of "good" projects around, well based on their whitepapers and roadmaps but can't even listed on a good exchange. There are also ICO who succeeds but now with the dying value or not to worth to put a money.

What newbies must do is to analyzed the coins behaviour in order to set a plan of when is the right tyming. It's the battle between the good hands. Studying daily volume is they key here.

Day trading to short term trading ? Then it will never remain as day trading. It is a challenge to finish off within working hours. Usually in stock trading, if you are unable to sell within trading hours then you need to go for taking delivery out of exchange, hence traders must need to close the positions. I guess there will be no such a compulsion in crypto trading and the markets are available round the clock. I guess no trader here will be approaching anything what a day trading should be.

Couldn't agree more--and I can't imagine day trading in the stock market, much less in crypto.  Back in the 90s, there were average people quitting their jobs in order to speculate in tech stocks, and if I'm not mistaken most of them were not successful on average.  It's super-risky, and anyone contemplating doing that in the crypto world ought to think about that decision twice.

In the stock market, you can at least analyze the companies behind the ticker symbols, but you don't even have that much when dealing with cryptocurrency.  It's all TA, and relying on that is insane IMO.

Then if you are professional trader that is when you will come in.

You see a lot of FOMO's then start to join them then sell before they could even sell their tokens or coins.
You see emotions are pouring and they start selling theirs then sell too.

Some of traders are abusing this kind of emotions from other newbie traders and that is when you get profit. Do not join them until the end. Just the initial part then leave them.
I do think that is just being wise. We are not bestfriends here or relatives so I can leave you anytime for my own profit. ;D

You're right Day trading truly is the riskiest job there is, the success rate has little to nothing. More information about a coin and how good it is to the community really boosts the morale of particular coins. That's right some of the reason why they bought it was the fake hype that some pump and dump groups do. Day trading isn't a good idea specially for those who only started recently.

I think not just in day trading but even in long term holding we should always make a thorough research first before investing or jumping into day trading.I believe those traders who are not still mastered or just do trading without good experinces possibly fail in the end but if you know how to do things the right way and make a good technical analysis particularly in day trading,then there are high chances for you to succeed in trading.

I think Day Trading is profitable only when you have a decent amount of fund and your trading with high supply coin/token, Because if you invested on High supply coin even if a 1 satoshi difference will bring you profit. Like for an example you have $100 and buy ETH, you can not day trade with it because you only have few coins and you will suffer on trading fee. Sometimes DYOR will end up not our way even if we thought we're holding the right coin, no one can really predict the market 100%.

Alot of trader failed in day trading because lack of knowledge about risk management and too greedy, these both thing always become factor trader failed and loss much money. So if we want to make profit we should be first have skill about risk management and avoid natural emotion of greedy.

Day traders are always have some knowledge in crypto trading because normally most of the traders are set some value in each trading pair, It is reduce the risk in all the time But day trading is little hard to predict so everyone must carefully analyse the right coin. They are all never participated in without knowledge.

Trading is very hard to study and you need to have a lot of knowledge about it before you get a good trade. Conducting daily trade is very difficult and you can read the movement of the coins if you can truly analyze the market and chart.

but if I myself do not really like to trade daily for now because I prefer long-term trading, because for now the way to get that big profit with a long time

Every person not experiences issues in exchanging day since some crypto clients are obviously ready to exploit day exchanging to create brisk benefits. In spite of the fact that the normal individual who flops in day exchanging must be felt by new players in this field since this is because of an absence of information and helpless to become familiar with specialized examination of market outlines.

There's always a way in order to achieved your goals, daily trading is hard task but finding opportunities can be done with good practice
and observations, you just need to be patient and try to build more knowledge and enhance your skills, plan and create your own pattern
to survive and succeed.

The fact is that technical analysis often fails. I have read a huge amount of research on tradingview. What is the result?Most of these predictions do not come true! Think only with your head!

You should give something for a getting other thing in trading. Some people sells their time for a paycheck,others sell their money for a time. Day trading is somewhere between this two. It requires daily analyse methods included price,sentiment,fundamental,technical.

Theoretical strategies have little chance of getting real. I say this because the market is very fluid. The advice I offer is to clearly specify  estimated trading period you want.

They fail because they thought its easy and all they need to do is Buy Low, Sell High. What they did't know is whoever invited them into cryptospace just earned from them through a referral link from of an exchange site. I see a lot of Facebook adds saying turn your $5 into $25 in 24-48. Who doesn't wan't that. For noobs, they will bite the bait but what they don't know is in trading it takes more than Buy Low, Sell High.

Normally trading is a unpredictable platform so no one is know the future possibilities, But they have some knowledge in daily circulation and marketcap so they can find the best platform. At the same time it is not a easy process so experts only make good profit and others are always panic in all the investment.

Day trading is not an easy action, it need a lot of experience, chart analysis and updated news and follow the trends, most of them failed because of greedy and lack of knowledge, the market of crypto now cannot be predicted only by chart and indicators, its a market full of manipulation, without a good mentality the traders will failed in day trading

All that depends on the abilities we have. As long as we have the ability to analyze and always pay attention to the market situation, we can get good results. Continuously monitoring the market is a must for a day trader, a day trader must be able to make decisions quickly and precisely !!

Before you do day trading, you need to know what pair for trade. With searching at the market, you can get one or two coins to buy and sell.
Don't trade because of FOMO or because you heard that one coin would increase.

With the market situations now, I think it's better you trade for btc pair usdt or altcoin pair usdt because you have a stable coin which usdt that you can hold to buy bitcoin if bitcoin price is down.
Determine how much percentage you want to take in every day and don't take too higher if the market is not moving too fast. It's better to take 1%-5% every day because I thought it would easier for you to get.

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

Need a lot of experience to do day trading, from how to pick right coin and then how to manage profit to be maximized in day trading. I myself still not really good at day trading. Especially when price go down and i always panic to pick any decision.

in day trading we should not have fear and greed we get profit close trades and stop trading , we set limited loss and that loss is reached we stop trading

Risk is involved in the trading so that fear will always be their . But yes one can easily avoid greed and this will help therm to take decisions rationally and buy and sell accordingly without any emotions getting involved . So trade wisely and be responsible .

I think I am not good for day trading even regular trading mainly in cryptocurrency, so I have chosen HODL. It's not risky than day trading. Yes, it could fall down the price of my holding tokens but I am not losing the token. When the price will rise my balance will have become good. So, it's right that don't take day trading method if we don't have good knowledge about cryptocurrency trading.

indeed for now it is still difficult to trade daily because getting profits is still difficult, but if the bear market is over it's good to trade daily to earn money

Fear and greed are some basic things that every trader must master in order to be successful not just day trading. Being specific to margin trading is the anxiety associated with the taking of loan and then having to pay it back in time by using the market movements to make a profit. I personally am not a fan of day trading but prefer spot trading - buying low and selling high. But there are people and some members of this forum who are doing this to make money.

Limited loss is something I cannot understand what you mean by saying. Are you talking about stop/loss limit orders?

I think at this time you can still trade daily but it will only provide very little profit because you know that coin price movements do not occur so much that the potential to earn very little profit.

I always do DYOR. But still, I failed in trading. It is not a about the lack of DYOR and fell for FOMO. There are so many factors that may affect the failures in trading which I personally experienced. I ignored stop loss, stop limit before.
 My buddy adviced me back then to use it and be not too confident about my TAs and indicators. Too much confident will destroy our strategy. Also, try to listened with someone who are more experienced trader than you. There is nothing wrong if we tend to listened to them sometimes.

Indeed! becoming a daily trader is not easy to remember the need for skills and experience. Moreover, the chart and buy support is not a guarantee because of the fake wall. At least, becoming a day trainer, don't be greedy because for true traders rescue your capital is more important than having ambitions with big profits. Back to your passion.

We need to be very experienced if we want to do day trading. Also we need to be very precise in picking up the coins to trade and buy/sell them at the perfect time. This only comes with experience and no one will able to taught you these skills.

Even the good and experienced traders find it difficult to do day trading in the current time where mostly the coins are dumping. Day trading is very much profitable in the bull market as we know that every now and then the price will move up giving a lot of profits in all the coins in short term.

In bearish times, it is almost impossible to cash out profit on daily basis as the market does not move that much and midterm hold is more better in such days.

To some extent we can predict the price of bitcoin and takes the advantage of little price movement to make profits in the cryptocurrencies market.  The news that come into the market and upset the trend do not happen often and that give us to makes little profits along the way as a day trader.

Day trading is surely a tough job as it involves constant updates of the prices of coins, constant reading of charts, being updated to daily news etc...
A day trader has to do more hard work than a short/long term trader. Besides that the price of coins can go in any direction since they are unpredictable.
So a day trader has to mark his targets accurately and end the trade on the set targets, if not he might loose a significant portion of his profits.

Emotion can be your greatest enemy in trading, because you are seeing the market moves very fast and you have to think right away. Better to do long trade if you think your emotion will be the problem, and make a good strategies on this one. Day trading is not good for those who have no time in trading, less experience and who has a weak emotion.

It is very consistent that exchanging will bring you more benefit. Be that as it may, just here is the clouded side of the coin, on the off chance that you all of a sudden fruitlessly went into short or long, at that point there is an opportunity and lose your cash. When contributing, you consider the task in detail, get some information about it, or they encourage you to put resources into it. What's more, shouldn't something be said about me, regardless I can not single out a certain something, I consolidate. Be that as it may, I lean toward trade more.

Yeah, if the price falls then it means someone is manipulating the market? That person knew exactly when you will sell? Put it some better logic. They actually sell at the wrong "moment" for which they suffer loss. The trader is to be blamed partly for their part of mistake. Just stop blaming everything on the market manipulators. There is a high chance the user who faces this kind if loss actually does not know how to day trade. Learn first (from your mistakes too) and then start risking.

This true and real happened in the market so far. That's why lucky to those traders know how to apply properly the day trade methods for us to earn daily, it has risk involved. But no worries as long as you know what you are doing for sure everything will be fine even the market is unpredictable.

You have to understand the risk factors of maintaining your emotions while you are inside trading, day trade can stress you up if you failed to follow the right track, taking decisions is really stressful while regrets always accompanied your mistakes, inside long term investment you can set good strategy
and target entry and exit positions while patients is the most important tools.

the concentration in your trading is very important to be a day trader forgetting quick profits again and again and it will be very hard to understand the daily situations and the best time for trading this will be not been experiencing lots of newcomers that's why they are still laughing their investment in day trading but otherwise day trading is always a good way of money making.

I don't think so. There are so many lucky traders whom trade low trading volume cryptocurrencies but right time so they still can earn big profit in just a day. But for now, I don't think the matter is high or low trading volume, I think the main problem is how good trader you are.

That's totally true. Daily trading asks for time and feel of the market. Add to that daily targets should not be super high or super low in another case you may take for long to sell/buy.

thats right amount high of volume can't always give profit, daily trading must see market condition well can also by manipulating price to get profit but it is also difficult must to be cooperate. analysis is also often not right so I think daily trading does't always get a profit especially by using the ongoing daily high or low volume method

Yes because DYOR is the only key on this kind of business which is a big help as well for us to become comfortable no matter what happen .actually that basic strategy is the common reason nowadays why some noobs always repenting after making mistakes.  .which because of being lacks of knowledge and always quick jumping without specific strategy they're always lossing money.  

There are circumstances that the market situation really affects on your trading strategy, it does not matter if your good or not, if the market is ideal anyone can gain from it depends on how much they put on it. What matter the most here is how do you manage your asset.

Well, it is a bonus for pro traders if the odds of the market is on their side but for the newbies, in trading, it is not a recommendable idea to let them rush in trading. They should have first learned the basics and at least have a small idea and experience of how the market will move. By doing it slowly but surely they will start to gain some small profit by trading with a small amount first.

Understanding the risk and manage well your assets, day trading or shorting the market can lead traders to earned small profits having a good position inside the moving market, you can take any calls if you have a good skills analyzing the current movement, it's risky for beginners as there's lots of factors to identify before you can pick the right positioning.

It is really not.  especially to our current market situation which is bearish and the chance of having profit on trading is very low. Daily trading requires full time management on the market and this is why it aint for everyone.

Day trading is not easy due to volatility of the cryptocurrencies and it is the reason why many traders are losing. As a day trader, I using technical analysis for me to know when will I buy and sell cryptocurrencies that I have. Using technical analysis is effective most of the time.

If we speak about coins and not shit ico coins then after revising the news of making a fundamental analysis you can use technical analysis.
I would recommend using support and resistance concept or some indicators like Ichimoku

If you have good technical analysis you can try margin trading,
even in the bearish situation you can earning a profit with Short method

  Surely if you want to make money you will have to manage your time according to current situation, you will have to use your time for money making in day trading, it takes skills so that’s why it is only for those who are having good trading information and knows all about market rise and fall, daily trading gives profit but being emotional be bad so don’t be emotional.

It's actually quite predictable if you know what you are doing and know your target. Most times people end up trying to be so greedy, and they end up losing even what they have made

This is very true, greed is the merchant's worst enemy.

To be successful, it is necessary to have a vision and a study of the market, you can not enter the market by betting, because otherwise it would not be very responsible to bet on a movement without any basis to support it.

To carry out daily transactions, it is necessary to understand the market, know how to react and at what moment you should expand your profits, as well as reduce your losses, just like the great Jesse Livermore did.

I don't know if that 95% is so accurate, that's so big and I don't think we have a lot of dumb day traders.
People who pursue day trading are people who think they are smart enough so I guess we have at least 50/50 or 40/60, personally I'm not a day trader now and I would not be interested with the current market condition.

We might consider lack of knowledge and timing may cause losses but I don't think about greediness. Of course we aim high and there is nothing wrong with that, its not the cause why we loss but it help to be positive and be more optimistic. Our market not rallying so good and losses will pretty sure of high percentage, if I am a trader, I definitely not to trade for now. Better to buy more and prepare for the next pumps.

Day trading by far is the most unreliable thing to do since it relies on a good stability on that particular coin that is needed to profit day by day. I think this can bite your money little by little if you're not careful enough you could lose it all in one go or one day or so. I prefer to do long term trades than day trading even though it also has risk long term trades can change it's price due to long periods of time while day trades has a span of a day.

Was seriously looking for a group where ups and downs are spoken about day trading. Got it. To be frank, i am into trading. When ever i have time, i get into it. I always research on a coin before investing into it. But I have often failed to gain profits from trading. I have just paused it. Need to learn more in depth before investing further.

I could not succeed as well in day trading. Did analyze, spend time in learning and invested. But when comes to practice, lot many things to be learnt. Experience will certainly guide you gain profits. Patience is indeed needed. Need to be more proactive and be in a state to either loose or win.

Day trading is not for everyone, it makes a lot of pressure and you need to be very active everyday, like you I didn`t succeed in day trading, I have much more loses than gains, so I stopped. Now I`m longterm traders, I wait for my trades for a long time, I`m buying in bottoms and than I wait for 100% rise or more, and until that`s happen I dont sell. I have very good success, 2017 was my year, 2018 not so much, but we will see about this year.

Maybe you're not really into day trading since it needs to be more aware of the market events in terms of the price and chart patterns. Indeed, experience is a crucial necessity for being a trader but since internet is massive and contains all of the knowledge you need to trade it will be very easy when time is well spent.

I tried to be a day trader before but it didnt turn out well. I thought its easy, simply you just need to buy a coin then wait for the price movement but I was wrong.

They say you have to be quick and sure in the coin that you'll buy but I didnt take their advices and follow my own strategy, due to this I lost about 200$ in just 3 days of trying.

Well I must say before you try to be a day trader you should be knowledgeable, learn from the pro because its not easy as it seems and day trading is not for everyone unless you're really determine to learn.

Based on my observations, most of the day traders are experiencing losses due to the opinions and trading tips that they are following from the self proclaim expert in cryptocurrency trader. They thought that this self proclaimed expert can really predict the price of the cryptocurrencies that they are trading. I only trust my self when I do trading because I have a lot of information that I got from studying and from my experiences.

the statement is correct because some of the trading people will not do it properly and don't know the right situation going on this field so the traders should definitely know about this field and get updated every day otherwise you cannot survive here for long time.

Cryptocurrencies market is highly unpredictable and the volatility in its price makes it very difficult for traders to make profits from the market.  To day trade you must be skillful in analyzing the market fast and understand price action in a shortest time possible.  Many cryptocurrencies day traders lose money because of wrong time of investing and because a little time price changes it will become very difficult for one to follow the trend and your open position may just be at loses.

When would you call it the "right situation"? For a trader who is starting out new so position seems to be a correct time to buy in - thats for those who have a hard time parting with money and every time seems a good time to buy - for the wannabe get rich quick people. In my opinion both of these are two extremes of the spectrum. There are diligent traders in between making money from it and also cashing out money in between.

What is important is that people learn the basics about the asset that they are trading with. Weed out the shitcoins and koolaid crew pump and dump coins that are going nowhere. Be a bitcoin maximalist. ;D

I think now the situation is good for daily trading, because seeing market price movements also starts to increase, so I believe this is also the right time to trade.

if in my opinion now is a great long-term trade to get a big profit because now to get a big enough profit it is still very difficult. so it's good to do long-term trading

Starts to increase is good sign for day trading ? A complete wrong assumption. Moreover, the current market situation is sideways movement and which is always a good thing for day traders. You may buy and every dips and may sell at your targets. When market is trading within a range, identifying the dips and peaks are much easier for day traders hence this must be a right time for day traders to risk more.

There will be no auspicious time for long term trading because all the prices what we are having currently must be the good prices for buying and holding because in near future crypto may rise up to x10 too.

Indeed!  Long term holding is the option that everyone got now since the market is not in a good situation you van't get instant profit and also you'll not going to lose instantly but you have a huge chance to gain big enough equal to the time you waited.

Day trading is a good thing to do provided you know what you are doing and the strategy you apply. You must first access yourself to know if you are a trader or an investor, if you are the type that allows emotion to take control of your trading then it’s best to be an investor rather than being a trader.

Day trading is what most trader that knows what they are doing like me do to put food on my table and money in my pocket, the key to day trading is trading right and trading coins that have prospect or stable coins. If you must day trade, you must have a thorough knowledge of it, though day trading is not for everyone but it’s good for the one that are knowledgeable about it and knows how to manage risk.

Right. Practice makes perfect.
Still, try to use technical analysis in trading if no major events are expected

Deep research.

It is easy when you are just thinking about it or you hear stories about it. It sounds so great specially when they talk about their profit.
Videos in Youtube are all scattered with this types of examples. I would not dare believe them all.
It takes time and experience to complete a good day trade. Mostly it ends up with a large loss when you want back the investment you loss.
More like gambling it at start.

I don’t think day trading has to do with just buying coins you are not aware of or researched and knowledgeable about daily for trading purpose, that would be the most hilarious thing to do by any trader, I believe any trader day trading must have known so much about the coin he or she is day trading on, like me, I day trade but day trade on coins that I already acquired and didn’t just buy the coins same day or hurriedly because I want to trade.

I think the reason why people fail mostly is not only because they lack the knowledge, they rush into trading without knowing how to manage risk, sometimes greedy and also do panic selling a lot.

In some of the investment only best for day trading we cannot do it in all type of currency is so if you want to get the quick income frequently again and again you need to be more experience otherwise day trading will not suitable for lots of percent because most of the people entered in day trading and they will get failed very soon.

Exactly.The greed of people and fear of missing out are still the best reasons why most people fail in day trading.Day trading is quite hard compared to long term trading so it will really require more confidence enough to take the risk and even more time to monitor the market.Panic selling won't make any good either in day trading or long term trading.

At this kind of market that we have, day trading is not suitable. Most of the time, those who tries to buy today will more likely to sell after a few days because price moves very slow like less than 2% or even lower. I suggest that the best time to Sell is on a Monday or Tuesday because lately I notice price goes down on a Friday and Saturday then price will start to pick up again on a Monday and Tuesday.

For experienced traders, daily trading is actually one of the softest areas for them because basically day trading can be very profitable, but for beginners of course this will potentially cause losses. As far as I know, beginners are usually more likely to ignore something about what we need to do, and what we don't need to do.


This thing is precisely the main attraction for most experienced traders, because the value of cryptocurrency's more speculative than fiat currency. IMO, by trading / crypto business, it means you have your own business, you have a lot of time for your family, but if you don't want to trade like this, (if so) then you need to think again. Please compare with others, because those who are at higher risk usually give more benefits, and even then if you are sufficiently knowledgeable and able to manage time well.

Couldn't agree less with this, basically the market requires some degree of knowledge before one can go into it and turn out successful and this doesn't apply to day trading, it applies to everyone in the crypto space down to hodlers. Taking due diligence and studying any project before going into it is crucial especially if you're in for long term.

By seeing the record, bitcoin should be consider as long term investment.
Personally I dislike day trading because the value too volatile but if you're seeking long term trading, you will find that it's profitable and of course less stress.

The key is one, Believe on it !

day trading for now is one of the major methods for us to earn here daily. This is the only way I saw if you want to make profit everyday, but of course this methods was only effective for those who are experts in doing it in the actual market exchange platform whether you trade bitcoin or altcoins either.

I agree with this. To be honest, when I first went to trading I don't have that many knowledge and I don't know how to use indicators at that time and the result is obvious. I lost all my amount but I know that it will happen so I invested a small amount in my first time in trading.

Next, my emotions. There are times that I can't control my emotions and I always lost when I can't control it. FOMO put my overall trading funds into half. I FOMO'ed twice last year and luckily I didn't lost more than half. I felt disappointed and regret at that time.

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

Indeed, the market is improving and becoming very positive, although sometimes it still has abnormal collapses but it always has a rapid recovery and does not fall too deeply, and these conditions are too suitable for trading day. Because of this constant fluctuation, it will create a lot of opportunities, we just need to grasp exactly when and price we should buy, profit will be an easy thing to achieve but of course, risks and profits are always together, don't be too confident and put too much money even if everything is great

now this is our chance to benefit from the daily trade because the market has started pumping again. so this year is indeed the year of increasing crypto again

It is recovery time and all of us should have our mind positive and never get greedy to have fast profit, trading is made of patience and skills but if you want to get in day trading make sure you are well prepared for it and you have command over it, we can surely have profit with day trading as well but still try to spend more time in market and keep your eyes on price movement.

It is a matter of choice: invest and hold or try day trading as a means for making profits notwithstanding what you actually trade.

if I had ''merit'', I would definitely send it to you   how right you said  DYOR (Do Your Own Research)  If you do business with others' minds, you can't profit from that. I have been trading on this market for 5 years. I live in FOMO for example, I bought FET from 11950 this evening and now i have damage.

Day trading is not much had as you were thinking,just keep the things simple we need to make money and keep doing this continuously just by buying cryptos at less price and sell for higher prices and with the volatile market it is possible to make profits with all the coins but for making more profits need to pick the trending coin and the make movements based on the indicators you were using.

Definitely it should when we are in day trading, as the market keep on moving and changes arise, we should have to take actions every now and then.
Now, if we are not in full time trading, it surely there is a huge percentage of losing not unless if we are in the bull run. 

See? You have been in trading for 5 years but still, you have encountered a loss on your trading strategy. I personally don't agree in day trading because there's a lot of negative side on it and it is prone to a high risk that might have critical damage on your funds and more worst if you have lost everything. Long run trading might be good or let say holding your crypto asset is safer than that. But if you believed in your self that you can have profit in day trading then that is your own risk.

No problem at all if we could only get a small profit in the daily trading because at least we could reach a profit and if we can save or compound it into daily trading, we could make a bigger profit in a month. But there is no guarantee for us always to make a daily profit because the market cannot be predictable and it is difficult to search coins if we don't have a skill, and we don't know how to choose the coin.

Daily trading can give a good result, and I agree that but we need to have a control in the emotion because sometimes we will see the price can increase a higher, so we want to make a bigger profit. But in the next second, the dump is coming and makes the price is back to the lower price, and we cannot sell even to make a profit.

Day traders are basically sleepless zombies to be able to monitor the market to that extent in everyday cycle. They also use bots to make their lives easier and most of them dont trade every other new coin that gets pumped and dumped. They have their own niche following and they follow coins which they think will be easier to pump and dump as  well as community propaganda for that coin.

Hence you should not follow a day trader. They have the ability to take huge risks because they are doing it with funds limited for such purpose. But you are not in the same position. Without following them or any pump and dump groups which are scams actually, one can also make money by buying low and selling high after long term holding.

Day trading is not easy and that is why I prefer long term investment than day trading.  It is very difficult for us to analyze any coins rightly at a very shortest time and make good profits but with long time you can have a longer view.

Day trading requires more patience and should be ready to go for a minimum profit per take in order to gain more profits in 24 hours. It requires more experience. Its always good to start with the minimum investment. Try trading with it investing on best coins like BTC, ETH, XRP, LTC, USDT and etc. These are promising coins to gain profits.

Crypto traders really need careful preparation. if we want to enter into trade, especially daily trading, then adequate preparation in understanding is very important, because daily trading really requires continuous observation. but we don't continue to feel inadequate and afraid of entering crypto trading because we can learn all that. we can use the services of a teacher who wants to guide us in understanding cryptocurrency. so everything can be possible if we want to fight.

Is not a problem if we are a full time trader and we have enough time to be in trading. But for non-fulltime trader, better to be not to engaged in trading cause it usually ended into losing our capital.
Yes, preparation is very important and including our self. We should have that knowledge and smart thinking in order to make profits in every pumps and take advantage during dips.

I think when you trade you need not only your patience, but you also have to be able to read the graphical situations and conditions in the exchange so that when you trade in any coin you can always benefit.

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

It's easy to be patient and discipline if you have trust on the coins you are holding, of course you need to study them since you trust your future on them. The team should be active in developing the project so your coin has a good future potential, you cannot just find it in one look, you need to monitor their progress as well.

The market trend also determines the advantages and how traders respond to it, whether it fails or is successful, you are really a lot of beginner traders who always follow the hype or FOMO and are more likely to follow the person who gives advice without doing "DYOR", which is why there are many panic holders. they have no information and do not understand what they will do in the future.

Being a traders actually was a very hard thing for now, especially in the situation we have it now in the market. Almost 1 year that we faced bear market and most of the community suffered and loss their coins and capital as well. So the only tools for us to earn was really a day trade system in the platform exchange.

indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient

Yes, I agree with you that most people fail when daily trading due to lack of knowledge and time. It is true that crypto trading is very difficult because the price is very fluctuating so we need more knowledge to be able to succeed and enough time. Doing your own research is indeed necessary to find out whether crypto conditions are feasible for daily trading or not. In addition, the lack of seeing the market is also one of the causes of failure, because I believe that always looking at the market will certainly be easy in determining daily trading.

I dont believe that the bear market actually made you lose anything unless you panic sold all your assets which in reality would be a dumb thing to do in the first place. What you did lose is the dollar value average of the coins that you have been holding all the while. If you are having faith in them and have the reason to believe that they will go up from here then by all means follow that. However 99% of altcoins dont have any value whatsoever so better bring those money back to bitcoin.

Stablecoins might seem a good option to move to temporarily but dont forget to switch back to bitcoin once you are done trading with them.

yes, not only do new traders today fail to trade on their day, many old traders have experienced failures and losses in their current trade, this year I admit that it is difficult for me to be able to benefit from trading my day, so maybe I am investing in the long run is the best way so we are not too risky.

I think that the market we are gonna get the price surged in the near future. Which means positive effect on the day trading as well which is a good sign and will attract the day traders ?

Couple of months ago, when the price was all time low after the 2017 boom, sharp people thought it wise to invest and save value in Bitcoin. And right now the value has been quite optimistic as a result of which day trading has been a bit good as compared to those times when the day traders would cry over spilt milk.

Patience is the key to success in trading. Day trading is never meant for newbies who have just entered the markets.

Peoples should try to hold as much as possible rather than selling for a short term. Short term profits are quite low and the risk is always higher but for long term profits, we are at least secure and we know the future will show great prices for each coin as the markets will grow up. We can only have big profits if we are able to buy a coin at a exact dip and hold until the coin is onto the peak.

That is why I quit trading. I tried to generate profit by trading but got burned while doing it. Just hodling for now :)

Day trading has a lot of risks if compared against mid-range or long term trading. We can't predict the price for short term as even after we buy the coin, it might start dumping and in such situation we might always need to hold the coin until we see it rising again. Day trading is meant for extremely volatile coins with high trading volume. Research is always needed if we tend to have profits. Investing randomly in any of the coin for day trading will only give loss.

Though we consider that it there is a lot of risk but we are gaining much than for a long term trader that's because the price keep moving and every single fluctuations we usually take advantage on it. Long term trader is safe for possible losses but we don't know if that certain coin will move high than of your buying price not unless for Bitcoin and some potential altcoins.

Well both are really risky in the first place especially if you really don't know much about the coins you have invested.But i believe it's more safe and secured to invest in long term trading than day trade that demands more effort and time to monitor the market.But if you think you are more capable of doing day trade than in long term trading,then do it as long as you'll still make profit at the end of the day.

Yes we need times to get financial freedom from trading,  that not easy but will be possible if we keep learning. Use previous mistake to make others better strategy. Warren Buffet is one of the richest man in the world and they can make it from trading activity, and also we have opportunity  to make it too.

Exactly! Risk management is very important in trading. It's easy to learn the basics of trading but when it comes to the risk management and emotion it's so difficult, I also experienced when I just started crypto around 2017, and I started losing huge money because of my emotion and risk management. Now, I learned so many things in my past experiences.

I dont understand how trading can give you financial freedom. Bitcoin can be opined to give you financial freedom though not entirely but how does trading in general come to free you from the binding imposed by the government? I would not advice you to blindly follow what others are saying.

You should know that people like Buffet have been wall street traders for years and their experience has been immense. You may be sidetracked by listening to them and though there are golden nuggets in them, I would suggest you to take it all with a pinch of salt. Buffet was initially not interested in bitcoin but who know what manipulations he might be doing in the background.

Holding will be fine if you are not sure about choosing the right coin. Sometimes I hold my coins too as you because if I force myself to trade, I don't think that I can make a profit, but I can get lose to buy the wrong coin. Trading can not do in a rush because once we are too fast to decide, it will make us get doom on that day. So if you are sure, then you can try to choose the coin and make sure to buy after you can know the good price to buy.

if you don't know much about the project then don't try to trade its coins.
it is better to trade big major coins just because their fluctuations could be positive after all.

Daily trading is not as easy as it seems and as simple as it seems. In particular, many investors who want to try this activity often fail to think that the event also revealed how serious it is. On the other hand, there are many inconvenient conditions such as controlling the market more actively than long-term investors and traders who buy-sell in a certain period of time, and they do not have to end-of-day transactions. For this reason, users who want to trade daily should be well acquainted with this market and must have good control. It is also an important factor that new users do not do these transactions immediately and not use all their capital in these transactions.

Traders do not control the market, it is impossible to control the market. It can be manipulated to an extent, and the chances reduces as more investors come into this space.
As a trader you forecast the next direction, using charts, technical analysis and other available tools, news and media publications.
There is also an arbitrage option as well as a shorting option.

We will all surely make it too just like him. Nevertheless, day trading has actually helped lots of us financially though we trade with caution and care, learning is the first stage while paying close attention to the market is very important, even warren buffet being a very rich man does not joke with risk management, so provided we don’t toil with risk management, virtually, everyone can get financial freedom from trading as you said.

I believe that daily crypto trading is only done by professional actors who are the source of their income from crypto trading. Because if you are a beginner or amateur, of course mental, brain and capital will not be enough.
This is proof that crypto traders can survive and become more profitable by cultivating a digital money business that is difficult for many to understand. Apparently there is nothing difficult, if indeed the enthusiasm for mastering the crypto trade is very large.

It is correct that manipulation is rampant but I do not agree with your second statement. Think of it this way: when whales dump prices drop and this allows small-cap investors to get in at a lower price than what was the average price for a period of time. Now the market will pump and they will sell at profit. Thats profitable and calls in more investors.

Not all traders can do that unfortunately. :D Neither is it necessary to read the paid FUD media.

Risky but yes there are there and not to mention day trading does need a lot of luck as well.

Day trading is too much risky but it also profitable too. If you do day trading then you must have proper knowledge about fundamental analysis as well as technical analysis. I think day trading is better than long term trading.       

We shouldn't to think about the risk in trading cause that's make us stronger and even to have a good and smart decision. Good planning strategy and TA is very important in trading either day trading or for long term trading still we should have them.
For the current market situation,  day trading seems to be more profitable than of long term trading and simple fluctuations makes us profits and it usually happen everyday.

Day trading is risky but at the same time it has good amount of profit, day trading needs allot of knowledge and information according to me only expert traders can gain profit, it needs time to become a good day trader but once you take command over you can make huge profit, I have some friends who consider day trading better than long term trading.

It does take a lot of technical analysis but it is also a lot based on luck and the ability to understand a trend and catch it before it goes beyond the scope of buying. We have seen people make money through day trading but we must remember that the majority of day traders are making money by selling courses and pumping their own coins. This is one thing that plagues every speculative market and you cannot steer clear of it.

Its better not to compare day trading and long term trading. They are two different aspects and a difference in opinion does not imply that this one is good or this one is bad.

Day trading is not for all classes of people because it is so risky. Though in day trading, a huge amount of profit we can earn. But in this respect we should need more experience and deep analysis about day trading.

But we can also loss huge amount. Day trading is also same with scalp trading, you can also earn huge profit and also huge losses, but on day trade, you can less your risk if you do risk management and planning ahead before entering the trade. And the most important in day trade is Risk Management, always set your target and stop loss.

I don't think it's risky compare to long term trading. It's because in day trading, the percentage of profit from your capital is very minimal thus it gives you a decent profit and less risk in loosing too much if the trend of the market suddenly becomes infavorable to you.

If you get it right then it is better to learn and over a period of time once you have some experience and skills you can earn money bet on daily basis and can even become a effective investor which will help you too make money on long run as well .

Of course, if a user of cryptocurrency has a boundary knowledge, then to get income from long-term investments, you need to use the highest-rated cryptocurrencies, and then long-term investments will carry a much lower risk than daily trading.

Basically, day-trading is for experienced traders. For those who have been trading for a long time and have got good knowledge of the price movement of various coins. They can do it and can be successful in it.

Day trading is a risky type of trade. Without proper knowledge of trading its so easy to get burnt. So all day traders it will be beneficial for them to have proper knowledge of how to trade before venturing into it.

True that, and because it's risky not everyone can make profit on it.
I am more in long term trading than short term as the requirement to be successful in day trading is so high, you need to focus and that requires a lot of time. For us who have a job and other business as our source of income, we cannot dedicate our full time with day trading.

I won't risk my money to do day trading if I don't know. It is difficult to day trading because I think we need always to watch the price all day so we can know the right time to buy and sell. Without having skills to trade and deeply information for the analysis, we don't know when the right price will come so we can miss many things including to make the profit.

Day trading is more profitable than long term investing, that if you are a successful day trader.
This requires good skills and I believe only few of the traders are successful in this and those who do day trade are usually playing with a decent amount of money.

The main problem of traders is not what they see on the chart.For all shows the same.The problem is in the people themselves who cannot control their emotions.

I don't agree that day-trading is only for experienced traders, it is much difficult to become scalp trader, like, in every minute you are watching in your chart, so the it takes too much time rather than doing day trades, you need to just analyze the chart by zooming it out, not concentrating on low time frames. I didn't say that day-trading don't have experienced traders.

Hmmm,I don't agree day trading is failed 90-95%?actually what's is the different of day and night anyway:)ay I know what is day trading?I trade at night or day if I'm free...I buy low and set sell on high even a small profit... Can you explain why they called day trading is 95%/loses..?please:)

it is despair and part of confusion in trade.
failure to control emotions and ultimately punish that trade is not profitable. need patience and good analysis in trade.

Trade looks easy, in fact it is the hardest thing. ;D

It looks risky to a lot of people because they want to make the same profit a long term trader will make within a short period of time and that is why they become so greedy by setting their trade so high so it can take huge profit at once.

Trading is really not risky if one trade with money that one can afford to loose and at the same time take any little profit that one sees, we should always see trading as something we to still take profit pending the time our longer term investment yields result, so we should not be trying to take big profit with little trading investment, if we are careful enough about this and learn to minimize our risk, we will realize that it is not as difficult as they say.

Yes, it is, especially if a newbie starts to deal with it. You need to be a very experienced person for day trading. The risk to lose most of your money here is too high. Long-term trading is better.

Theres no proof that long term traders can do make big profits anytime compared to shorters.If you would try to think again, small profits accumulated overtime
and would surpass that long traders do held off, so it would really just still depend on what coin they are trading or holding.

I recommend you do day-trading, only if you have got one year's of trading experience, or you would waste your funds. As then you can decide well when to enter the market and when to leave.

Do you think anything in life is easy for a newbie? Everything needs experience and trading is no different from that. People who are daily traders have been doing this for years maybe not in crypto but in other markets as well before stepping here. There is no substitute to hard work and doing your own analysis on the market. That was you wont get biased decisions on different coins from paid promoters/shills.

There is always a risk of losing money. Now you have to decide what to do - whether to take the risk or not. Remember that higher the risk more the rewards.

Experience is a sure thing needed before we want to engage in day trading but it is still not enough, the problem here is probably our talent, we need to have the skills and emotional management to prevent our greed in time. If we don't have that talent, can't manage greed and emotions, we should stay away from trading day because I've seen too many failures when they lack calm, can't control emotions, trading day is a method that can generate infinite profits but it is not where all traders can step in.

Beginners can also do it, we can practice, learn and then improve.
You will eventually know if you have the capacity to be an effective day trader along the way, you will know that, if you fail to be a day
trader, you can still do long term trader, you just need to be flexible and do what is fit for you, you can be profitable as there's plenty of money here for good traders.

Yes you can trade I think at any time and not depending on experience , for training I would recommend starting with a minimum Deposit , but day trading can save your Deposit than if you just hold

Of course day trading saves our money but it is applicable only for those who are not new and who has good market analization abilities, who knows when to trade when have to wait, day trading has good instant profit and it use to attract most of people, but before starting get more and more information skills and knowledge about day trading only then get in the market.

Those who are expert can make money in day trading.
Market volatility is what day traders like and since BTC could pump and dump anytime, that's why they love it.

However, we have to understand that predicting the market movement in short term isn't easy, one has to properly monitor the market carefully
in order to properly do the day trading activity at the right timing.

In trading, such two qualities as discipline and patience are very important, some are simply not able to wait for the course to reach a certain value and run to the crypto currency that has grown very quickly

Starting with minimum deposit is good but then you will face two major problems : not having enough money to buy a decent amount of your coins and not having enough to complete the order of that coin (dont forget the trading fees). An amount of 100$ is pretty basic and what people should start off with when trading.

Saving your deposit makes no sense though. Buy some coins or dont deposit at all. Holding fiat wont have any good effect here unless you are playing a  bear market where buying at low price is your main concern.

That which has grown quickly should be handled with caution. They dont necessarily mean a good coin. They may be a pumped up coin. You never know.  ;)

Daily trading can be done by actors who already understand crypto characters related to sensitive information, so that they can predict prices will rise or fall. If you haven't mastered,  better long-term trade.
The advantage gained if doing daily trading is certainly greater, because the money movements are faster. Therefore daily traders are professionals who make crypto a profession.

Long term trading could give you convenience if you want to live a healthy life while investing.
Day trading is just so complicated, in order to gain good results, you have to consider it as your main job, which means you need to focus your time and effort here. Majority of us cannot do that as in real life we also have a job and we want constant income, which is not guaranteed here in crypto.

In trading coins, I only rely on hockey, if my hockey is big, it will get a lot of benefits. Until now, I am still learning for the right trading, to reduce the low risk.

Hockey? Do you mean trading while playing hockey? :D
https://i.ibb.co/x81kzvV/Smiling-THFF-skater-large.jpg (https://www.usahockey.com/news_article/show/895755)

If someone has got experience and can trade well then it is the best job as per me where you can make daily money. t times you may end up in loss but that is fine overall you should be good in making money on the monthly basis.

my opinion is day trading is not an easy job to do that is the thing most of the people fail in this job otherwise it got the huge opportunity to got profit every time that you are doing but it needs to be more alert in all the time and you need to interested about that especially in money making then only it will suitable for you

disagree with you. Day trading is profitable in cryptomarket only choose entry and exit point carefully  ;)

hahaha thats not easy , day trading is equal to gambling you have to manage correctly catching good moves and correct entry and exit are not easy at all

personally I have seen many diving into daytrading and losing money ,, they do daytrade because they think that they will become rich but daytrading is the toughest one and we need lot of experience to earn money from daytrading , if anyone disagree this try for yourself and you we know what I am saying

Of course I didn't say its easy.
It needs experience , a good strategy and a commitment

Day trading will need more effort to find the entry and exit point even with deeper analysis because to find that, we need to analyze one by one, including watch the price moves. But day trading now can be worth because many coins can go up to a higher price so we will have the opportunity to make a profit.

Day trading is a exhausting process overall ,but with practice it can be a very profitable.

Nothing is easy for everything w will have to struggle and work hard only then we will be able to obtain the main reason of having crypto currency, if you really want to become a trader you will have to learn trading as much as you can and one more thing that try to get experience, good or bad but never forget your experience day trader needs it allot, learning from mistakes, and gaining huge knowledge will make you good at day trading.

It is like doing the interest is important for everyone because if you don't have any interest about the day trading in cannot definitely survive for long time that's why the interest only go and take you to the good position.

Yes it is exhausting because you need to monitor the price of the coins that you are watching for you to be able to sell and buy at the right time. That is why day trading is not for everyone because it needs focus and time. I tried it before and I ended up watching my monitor all day. Unlike those who prefers to hold their coins for a long period of time.

Agreed.Day trading needs more time and focus to monitor the price chart of the coins you have invested so that if the market suddenly turn sideways,you can immediately make a back up and still end up gaining profits.So there is more risks in day trading compared to long term trading which is more relax because all you have to do is just sit and wait when will these coins will pump.

It's like a day job, you can be successful when you focus on it, it means you have to give time and effort in improving yourself.
Everyday, market movement is our opportunity to make money, with enough knowledge and good skills, nothing is impossible in becoming a successful day trader. The good thing here is you will certainly reap better benefits than working and just rely on paycheck.

We must admit that day trade was not an easy things to do in crypto world, anyone want to know this, it needs a hard work and knowledge for us to gain here a lot. And the basic things we need to know is reading in the graph chart such candle stick, and more something like that.

Day trading is always so risky .I think you have to be a master trader if you want to do trading .You have need a huge capital as well if you want to do day  trading and earn a good amount daily .There are lot's of thing you need to analyse before start day trading you cant do it as new trader .Most day trading failed for good analysis and update on the project .So you need to noticed everything related the pair before entering the trade either you will going to fall in huge loss.

You can follow this and another article.
 
How to Start Day Trading?

DayTrading.com is the top international guide to online day trading 2019. Beginners who are learning how to day trade should read our many tutorials and watch how-to videos to get practical tips. Experienced intraday traders can explore more advanced topics such as automated trading and how to make a living on the financial markets.


Source: https://www.daytrading.com/

All trading experts begun with no knowledge, and through their experienced in doing trade in the actual exchange platform they learned from it. That's why they have their own testimony to share it to others, because they failed first before they became successful. Besides, Day trade or trading is the main tools for us to gain here in this field of business whether bitcoin or crypto.

There is a huge opportunity to make great profit also if the risk is high, if some are making money in day trading, that would mean it's not impossible and anyone can be a successful day trader. We acknowledge the risk, but we don't fear it, as that's normal here in crypto, we need to deal with it.

I also noticed that there are lots of people asking what daytrading experience is and I just like respond that it is very risky and low chance of having a profit rather than long quite ones. I haven't tried it yet, but most of the confession of their experience do really determine the diffuculty level of it.

I get to trade every day, because my deposit consists of a hundred different cryptocurrencies and so I have the probability of profit increases, for convenience, I downloaded the app and put a blockfolio notification of my orders!

For me if must do day trading activity will be stressful for me because not always we can get easy profit and then we must and can't stuck in a coin more than 1 day. That maybe people's reason why they not really do day trading too.

indeed the crypto market is indeed unpredictable. I suggest to trade coins that are clear because it keeps the coins from being scame

Many traders lose not because of trading time, but many of them are loss due to money management and greed

Yes i think this is very right here. Maximum day traders now-a-days do not think depth of market. They only invest by heard of someone's investment that `this token is good and will be benefited'. But if they think deeply before investment and make their own research they may take low lose.

this is important lesson for us.most of us haven't any skill when start make investment in crypto market.based on expert or friend suggesstion we take risk decision about our money.and finally we suffering loss from it.we have to learn and practice in trading skill if we want to earn profits.

People here usually talk more than they actually trade. This days I`m trading with KCS tokens, price range between 0.00125 and 0.0014, you can make 10% daily easily with day trading, if you have bot it will even be more easy for you to set up that bot and make some daily passive income. If you don`t trust bots you can do it manually, but you will need to spend quality time in from of computer, few monitors and wait price to swing in desired direction for buying or selling.

Your definitely right dude, day trade in all aspects is our main tools for us to earn in bitcoin and crypto whether Bullish or bearish.
This is the most effective way for a non-stop profit as long as We have the coins that stored in the exchange site platform which We are using
it most of the time.

One of the advice on day trading, is the time of trade. Now, bullrun market is better with trade that bear market

Daily trading gives excellent results, but it is not always possible to wait for the traders to reach the course, there is not enough discipline and therefore they have to sell at a lower price than they bought

Day trading is only for those guys, who are in this business (I mean trading) for years, and who have a large experience. A newbie must never start it until he understands everything about the crypto market movements.

Any trade is difficult if you do not have certain knowledge. The most important thing is not to rush. We must soberly assess their risks first and to watch coin before buying it.

We must have an effective strategy in order to succeed, we can't just go on the top if we are not prepare to do so.
Losing will be very intimidating but not an excuse that we can't be grown up. If we have that courage and strong determination of being a trader will definitely drive us to invest more on learning and focus of what we do. Failures will be the best enemy in trading and it have a big influence if we've got caught into losing our hope.

That’s a greedy day trader, they trade without preparation and its bad. Day trading gives only small profit, and the risk is high. Full time trader losses their money, its normal so if you don’t study then you trade, don’t expect for profit. Investors believes traders doesn’t make money even in long term, they lose opportunities and if they hold the profit will be more high, trader might not agree on this but there’s a point for this statement.

Yeah day trading needs knowledge and experience as well, for all new traders it advice not to get in day trading at once before this better gain knowledge which can help you right bad days, to become a day trader we will have to keep eyes on the market and notice even the miner movements of the coin so that we can take advantage.

because daytrading requires a lot of time to attention to the movements that happen, if you miss it then you will lose the opportunity to gain an advantage from daytrading. so besides requiring having skills and good experience in trading, you also need a longer time than usual or maybe you can make another strategy that will make it run automatically to sell when there is an increase and buy when there is a decline, maybe it a solution and i personally will avoid daytrading because i don't have much time to trade every day

Aside from "knowledge and experience" you need to spend a lot of time in monitoring your investment since you chose to day trade. Entry and exit is important in day trading. Missing a second or a minute will ruin your day trade strategy and might force you to swing to long hold. But always protect your investment by using stop loss in case you are not in front of your monitor to watch your investments.

Indeed, all experienced traders was started from being a newbies also all who became successful traders here begun with no any experience.
In other words, anyone can do day trade whether He has knowledge or not, as long as He knows what the person entering at here, each individuals in this business are free to do it, only things was day trade is not that easy like what others thinking about.

I think that today we can comfortably trade

Currently BTC is moving sideways so this is a good opportunity for altcoin to increase prices strongly.

I believe that at the present time you should only trade days. The market in recent years is changing very fast and continuously, which will make them unable to control profits and losses if they invest long term.

So I believe that you should trade this, always have a clear strategy to handle all situations.

Not only today, but at this bullish market situation.
We will see more sideways movement due to some pump and dump and that will likely to be witness a lot this year.

Take advantage of the situation, if you have a decent capital, you should go day trading, and also try to consider altcoins as well as they are starting to wake up.

what is certain is that we must be able to read market conditions and conditions. Sometimes day traders can also get good profits if only he can get in and out at the right time.

You have to correctly calculate your risks. If you are a newbie trader i wouldn't recommend you it.Also you have to be prepared to trade only high volume assets. Since as it is hard to predict price movements you can lose a lot of money.