Bitcoin Forum

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?

I hope you know that everyday is not the same for a trader in day trading. One fine day you open the markets to see every coin in the opposite side. Dont get disheartened, because it is common.

Every prediction has a 50% chance of being wrong anyway.

What coins are you trading? If you are going for altcoins you may see more unpredictable movements than you would see with bitcoin. Although bitcoin can act strange at times due to short term pumping and dumping by many groups still its overall weekly performance is remaining below the 5% mark.

Study the market indicators, you may get the idea of how to use them to predict. But always be ready for the unexpected.

Learn and study? If you often make mistakes in predictions, those 2 things are your best bet in making a comeback. Everything rests upon the fact that you actually know what the market of the coin your investing upon and you know the conclusions of the many paths it could take.

E.g. you predict it's going to boom in a few months, that's nice and all but you must also predict what if it doesn't? What if it goes to nother turn? Then prepare the steps you think you need to prevent any major loss.

You make sure you enter at the right time to trade, there is usually a certain time where the price of Altcoin is dropped and the price of Altcoin is raised, if you have mastered it you need to learn the basic techniques of chart analysis usually it's not difficult if you want to learn it, look on youtube or articles in google many publish crypto analysis techniques there, make it a habit not to prioritize profits in trading, what I learned first to master their knowledge, that's what is said by some famous traders in this forum, but usually if you have a lot of flying hours in your trade will be great

It could be helpful if you will learn how to read charts and candlestick for you to have an idea on when will the coin will pump or just a tip, you will get more ideas whenn you read books, stream in youtube for trading tips, I could say this because it helps me a lot, I am not a professional trader but now the money that I am losing due to trading is lessen.

Do you think it's time to change strategy though, if I were you, try many strategy and see how it goes for you. There are no perfect strategy, and I'm sure no one will give you the success here. It might work for them and not for you. That's why I said you should find it yourself, discover new trading styles, gain experience. This is a journey, one day you might be successful, but there are days that you won't be making money. It's going to be a continue trial and error, so best of luck to you!!!

Take a break from trading.Few days like 1/2weeks ( give your mind few refreshment).Then again Start with new strategy and try to learn from trading. If you can't make profit from day trading then go for long term.If you only want to make profit from trading then experience is the key. No one can help you to make profit from it. Use your brain and strategy.If you want profit (doesn’t matter the work).Then go for lending service.
It’s profitable+very risky.You have to gather knowledge and information before start lending service.         

I am not a big trader, but I can only give suggestions to you not to give up on finding a profitable coin at the market. You can search for the coins by analyzing every coin at the market so you can find the right coin. You can also choose from the top 20 coin list and start to analyze each coin. But you can also choose bitcoin to trade because I see that bitcoin has a chance to give the profit, and the key here is you need to have patience after you bought bitcoin.

Trading looks easy when you have much money because for start investing, when your coin increase although 5% you ca get much profit if invest with much money, for little money hard to reach with much profit because need long time when altcoin or bitcoin up above 20% to get enough profit, without good skill we can get much profit if have big salary to start investing.

Read more pro traders most updated analysis based on current market condition, we could find it on twitter or on tradingview for a better view. Learn from losses and be patient with every trade, sometimes we're too slow and sometimes we're too greedy. That's why we experienced much loss. I'm sure if we're more patient and more experienced we'll have a stable profits in the future

Then try to list down all your wrong predictions and the slowly make an adjustment little by little and try and watch the market as it goes don't put any amount first just do your analysis and waitbuntil you get it. Because all it takes is realizing every mistakes and why your speculation was wrong thats it.

That is the why we called crypto is unpredictable. So  no one will  give correct prediction here, it's better to do some research about crypto market with daily updates and get some knowledge about trading then it will help you and my suggestion to you don't believe any signals from here. It will be risky for your fund so better to understand crypto market and go-ahead.

Maybe you are trading base on someones speculation and ideas that's why you struggle to earn with tradings but actually there are some strategies that you need to learn for example do a day trades nor learn to know on when to cut loss if certain bad situation occurs and this simple strategies could really help you if you master this up and explore all things on it so that you will be a good trader on future.

But for now try to watch videos about tradings and it will help you.

Day trading works well in bull market while in a bear market it's very hard to do day trading. Only experts can handle day trading in bear market. A good strategy is to revert to HODL while the market is bearish. I only do day trading when market is going up.

The uses of analysis equipment is good in crypto trading but you still need to understand is how the crypto market works because there are some season where speculations and predictions won't yield any good result and that doesn't mean you're not good and what you need during those season I'm about is information.

Its not really hard to trade cryptos when the market has less volatility in 24 hour time frame but making profits will be harder if you don't change your strategies which could fit for the current market condition.You can try day trading with stable pairs to use that small swing on prices to make 1 to 3% profits everyday if you can trade at the top and bottom few times a day.

crypto trading is difficult to predict, when using indicators often give false signals, try to combine several indicators to confirm the accuracy of the signal, see also whether market conditions are trending or sideways, or even move irregularly.

Did it crossed your mind that maybe something is wrong with your trading that's why you are not making profits? So I guess the best solution is not to ask for advise, but to write down everything and see where you make a mistakes?

I have heard traders jolting down everything, so that they can analyse and improved. So the next time you do your trading, would advise to do the same. Or better yet, stop for a while and try to learn more, like technical analysis.

It's not difficult. Its just that you're bad at reading and predicting the market ( no bad intentions, just sayin ). When you're bad at what I just said, naturally, you won't be making any profit anytime sooner. If you really wanna profit but you just can't cause you're bad, then copy some trading styles of some famous traders. Go to eToro and use their copy trader there. Or just listen to a few famous traders out there and copy what they are doing. If you wanna learn, then suck it up and keep losing money till you actually learn how to make them.

I just can't agree on this one, even the people who have a long time is having hard time dealing with the market right now, why? because whales are very harsh, the price did decline when the month of December comes and made the game harder for the small ones. I guess it's time to formulate for another strategy that can cope up with the market situation right now, old strats seemed to be not working anymore.

Maybe try to look what trading strategies that really fit, long term trading maybe you can try, or maybe if you keep want to do day trading, learn maybe what is your mistake, in here we only give suggestion but each strategy might be different for each people. Like me who like long term investment more than day trading because i think i still can't analyze market well.

It's because you are having to predict price movements down to the hour or minute. combine how hard it is to make extremely specific and precise short term predictions accurately with the costs of high frequency low holding period trading and it's very easy to see why most of them lose money. Day trading is inherently a fool's errand unless you're breaking the law to gain an advantage other traders don't have. I recommend don't even bother day trading. It was killed by institutional high frequency trading and it was always doomed in the long run because of the above. making precise predictions is much harder than riding a wave.

It depends on the time frames you are trading. If you're a 1-5 min time frame trader you are going to face a lot of disappointments trying to apply indicators. I honestly would put trading such low time frames in the same category of gambling, mainly so with how most people don't even have a clue what they are doing.

This reminds me of a friend of mine (wannabe trader) who sent me a message asking for my opinion on the massive dump that happened. Turns out, the 'dump' was only massive on the 5 min chart.  :D

Making lost and experiencing wrong result through speculation/prediction are normal because every analysis are not always right. Besides, every crypto trading make lost at some point but what's important is how manage/stop lost. However, the current market trend is not good for day or short trading and i will advise you to use the long form of trading.

Don't just trade day by day if you aren't so sure about of taking a good profit. Why don't you just take a break for a week then return to trading again because the market isn't too stable these days. Practice your trading strategy more if it won't be effective try a different approach so that you will also become too flexible with the volatility of the market.

I guess you did not know how to trade and dont have enough knowledge of it. Day trading does not give accurate gaining profit. And I advise if you dont have full knowledge of it dont rush into trading because you will not earn if you don't know how to work with it. Trading is not mattered on the market situation because market will fluctuate the price every now and then, you should know the right time to buy and sell, that is the most important.

You can't really become a "successful trader" with anything other than learning and practicing, just read up on how to pick your crypto currencies or at least where you should buy them and also try to do the exactly same things, that is how I first started my stock market life for example, I have checked the data that most hedge fund managers like peter lynch used and why they picked certain stocks, I found a website with all stock market data and then I used it to get my own stocks using same formula, I am still sitting at the top of a 20% yearly return give or take for the past 9 years (I had horrible years but thankfully some very very lucky years as well).

Crypto is similar, find what works for others, try to implement and eliminate the ones that doesn't work and keep the ones that do work out for you.

There is no other way.
Don't go looking for another risky method like joining telegram groups who promises to tell signals.
That ain't true. Nothing is true in there.
They will just be using you instead.
Your greater hope lies within your prediction. It may not be accurate by now but somehow you will make it work in the long run.

One strategy I used when I was trading was that when I felt like it was a good time to buy, I would only buy with about 25% of my available cash. Then I had leverage if the price dropped. If it dropped, I would used the second 25%, and they still left 2 more opportunities to buy as the price dropped more.

do some research first on some coins whose prices are always changing, avoid trading on the type of coin that has a stable price because if you choose a stable coin to be used as day trading certainly will not provide profits in a short time. In addition, do a quick sale when the price has increased slightly in order to get a small profit, because by looking at the current market situation it is very unlikely if we expect large profits in a short time

I am more of a weekly trader.
Why? I dont see much changes in daily fluctuations today. It will be better to just make another strategy then.
It ain't working for you so you should just move on and change the recipe or you will just keep on losing money and might end up broke taking loans to continue it.

For the daily routine, I just monitor all the prices of my trading coins. If there is even a little profit then I will take it. I wont go greedy if I were you.
It is already difficult to make money. Just do it for addition on your monthly day job salary.  ;D

It is very difficult to predict price accurately, but you can combine technical analysis with fundamental analysis, read bitcoin news and thinking the way most people think can give you some advantage.


Sometimes I think I do the same thing


For people who are trading with a lot of money, they easily get high returns with only small price fluctuations. Imagine someone who trade with 20 BTC? if have a price increase of 1% to 3% per day, this person easily will make considerable daily profits

Take a break. Realistically nobody's going to consistently generate profits from trading and we all have days or weeks of poorer performance potentially leading to losses, but that's normal. Stress isn't a good thing when you're making decisions while trading, so one thing you could try is trading on a different timeframe than what you already do while risking less money than usual to learn new techniques and find things you were previously doing wrong. Alternatively, you could also just stop trading for a week or two and clear your mind to come back later. It might just be a problem with your current mentality.

Maybe day trading for you isn't the right type of trading in the first place? It might sound tough but day trading isn't really for everyone and judging from the current market we have I don't think that everyone can profit from a bearish market like this especially if you don't have the money to do so. Day trading is something done by at least people who are veterans in analyzing charts and news and they are also highly at risk of losing money even if they are the best in the field. Why don't you try other trading methods like position trading or just hodling the crypto in the long run since it is really the most safer bet for someone who is a novice in the crypto market it is really fit for people who don't have a lot of cash to play with in the market.

Learn how to trade. I mean read some references, monitor charts so that it will give you a hint or ideas on your next trade. It could be great and a big help for you. Trading with a deeper and great knowledge in charts are better and it could help you lessen your losses.

It is really hard to speculate market as a daily basis. If your prediction is always wrong, why not reflect and identify which area is wrong? Is it the technical analysis? The way you read the charts maybe. And I tell you, it is hard to spot where is the right time to enter or to buy bitcoin.

However, why don't you consider to become a long term trading than day trading? Try and see how does it works for you.

The movement price is always change everydays and just my assumption you have predicted with the same strategy or the same way. Indeed, all strategies are same and you are freely to use it basically, but in my side I'll bored if I do day trading with the same strategy moreover if I got lost eventually.

Unless, you choose the same strategy and its strategy just give you profit everyday you'll your own argument to decide it. Just my suggestion, you need to mix strategy the strategy that you have depend on the price movement.

It is better to pause to trade for a few days or a few weeks because the market is currently not friendly for trading.
but it all depends on you and in my opinion, even though you are an expert in everything in trading will only produce small profits in daily trading or in a few days unless you turn to long-term trading.

Day trading is really hard.

It is not my opinion since there are a lot of people telling that too. We are dealing here with a volatile cryptocurrency and that is really obvious that every day will not be a good or great day for you. With the recent dump that happened, I don't know what you will do but for me, better trade when the price is right for you than doing it every day.

But it is really hard to trade nowadays, the selling pressure is high and the whole cryptocurrency market in bearish market. There is no outliners so it is really hard to make a profit. Many people are using counter strategy, what it is means? counter trend strategy is you buying at bottome even the bear market is occurring. Trading is a process of learning so it is normal to experience tough time in it.

You look good on technical issues and are refusing to trade for a few time now you are trying to seek out where you made an error you'll determine what you probably did wrong then you'll do the proper thing something goes wrong due to your mistake, do what you are doing not understand that's vital now.

If you want to day trading, you can play safely trading, for example, you can buy at a low price, if the price increase at any price, as long as you can make a profit, you should sell that amount. Go back and do the same thing many times, I guess you can collect a big profit because when you can make a profit, and you can repeat the process, I am sure that your profit will become bigger. But that will depend on the coin you choose, and I think you can make a profit from selecting bitcoin as a day trading because bitcoin price moves to up and down and back to up again.

One of the common misconceptions is that "day trading" doesn't mean that you have to go out there and trade every day.

In fact most advanced traders would argue the majority of the days in a year are not interesting enough to trade a selected instrument...

You can trade on those days all the same, but the market will be so unpredictable, directionless and efficient that the reward to risk ratios would not justify taking most of the trades that day (there are exceptions to this tendency for certain strategies)...

By diversifying the products you are covering, you can increase your trading frequency; however naturally this would often entail a lot more work, research and analyses on your part...

That is correct, there is a misconception about day trading. If you are day trader it doesn't mean that everyday you will need to trade. I'm a full time trader and not all of times I'm trading cryptocurrencies. There are risks that should be consider after all, not all of traders are suitable in day trading. Identify first if your skills, personalities, and emotions are suitable in day trader or a passive trader.

If day trading is difficult for you, it may make sense to subscribe to the social networks of successful traders and simply copy their trades. In parallel, you need to analyze their tactics, learn their manner of trading. This is definitely better than trying to “invent the bike” and suffer losses.

Unforunately no one can help you but yourself. Just a piece of advise, never give up if you're not successful right now because that's a part of learning and making yourself grow. Jusr because you didn't make it will today, it doesn't mean that you will not be great in the future. Focus on where it went wrong and build your solutions in order to stop that mistake to happen again.

How can this process go smoothly, if you start buying on that day, but the price doesn't go up but goes down, then you are at a loss and have to cut a loss. trading daily is not really as easy as you think, it must depend on this market a lot and not every day you have profit. Recently the market is too quiet and there is no signal to trade, at this stage most people prefer to hold short-term rather than trading daily. Trading daily is only suitable for the volatile market and you must know how to seize opportunities whenever the market drops or increases.

Yes, if you are having a bad time in times like these, you need to analyze what are others are doing so that you will learn the mistakes you are encountering and you may correct it by comparing your strategies with them. You can also read books about chart and candlestick reading or using macd. There is a lot of thinga that can improve your way of trading.

Yeah very hard, but if we will notice, there's a lot of traders out there who can still manage to win the trade, and they can still earn almost everyday. Anyway, that's the pros and cons of trading, if someone wins, the other side is at lost, so it will be up to us how we are going to win this bearish battle that there's a lot of people who becomes Rekt.

Market is side ways situation, in this condition your money will stuck. End of the year create speculation use wave to get better position in market, all market movement it just bait. I think you should leave trading ( for now ) and try investment/ staking strategy. Find stable coins that already has volume and release as private coin from exchanges. You still can get profit but long term period will test your patient. good luck to you.

He need to review his trading strategy and analyze what has been going wrong and compares his losing trades with other traders and also you don't force yourself  to trade if there isn't any signal or set-up according to your plan this is a conception of some newbies day traders who believed in trading everyday regardless of the market conditions and ended up in a losing streaks.

Keep searching and find the reason for your losses. If you can find out which one and where then you're near to have the best way to make it right.
But as many people say, you can be a teacher if you're destined to be a teacher, if not then you don't have a chance...the same thing to be a trader.
You'll find it difficult cause I'd never know how eager you are to become a successful trader. If you want to improve then, you have to work harder than before.

The pros and cons is given since trading is totally risky option for people who wish to earn but eventually this is the most legit way to earn by now and to get those strategies and skills maybe best for him to listen to the people who successfully gain from their trades and learn with it and also analyze the situation which lead him to lose on his own trading mistakes and lastly maybe he should be able to became more innovative to learn new things on tradings since market condition became unpredictable recently so that he can win the bearish battle as you said and avoid to get rekt.

That is why I'm not recommending the OP to do day trading anymore if he wants to take advantage of the price movements and is willing to have a short term paper loss than position trading or hodling will be the best thing he will do to profit in the market. Like I said in my first post day trading isn't really for everyone and you need to have lots of cash just to have an ideal gain for it to satisfy your expenses. Counter strategy only means if their traded didn't goes as plan and another opportunity arises the trader simply grabs it to avoid having any more losses in the market.

Very hard to get profit with trading right now because almost every day bitcoin and altcoin price always down, when bitcoin and altcoin will be back to higher price and we easy to get profit with bitcoin and altcoin, every day we found bad news with bitcoin and give bad effect to make bitcoin and altcoin price have down, maybe we have wait several days later to start trading and easy earn much profit.

So what we need right now is patience and planning. No matter what happens we will trade but right now is not the right time for that. We just need to wait for the season where we will benefit about the trading and when the prices have no problem.

Let's hope and continue to promote cryptocurrency in a some little way. By that, many will now use it to their transactions and now we can help each other gain profits.

Much better than trying things out from the scratch to where you don't know which path to take. It's really hard to find the right strategy if you will stay with the same manner that you do. Trying to extent your venue of resources and find the right team/people that will help you understand this business
more deeper. Sooner you'll find the right spice and be benefited from your hard work.

never try to believe in a speculation and prediction, use your knowledge to analyze in your own way. it was your first mistake, the second mistake is the definition of daily trading does not mean having to trade every day. the point is that you trade when you are sure of your analysis for the day and get enough profit.

That would be all a mental and physical ability of a person.
Some say trading will sometimes play with luck and I believe it but couldn't think that we just rely on it. Luck will sometimes play and just what you've said...we better have our own market understanding as it will guide us to have a better result. Do things that you feel was right cause doubts will always lead to nothing.

Correct, learn to observe and check how market works everyday, as you go along you will learn and will realize how those coins/tokens grow in a market and what are the factors that causing them dump, so you must really be careful with what you are doing and always bring the positive side of yourself always in trading, as most of the time, you will be lack of focus due to market condition.

Daytrade isnt really for everyone which means for those people who do try to force out theirselves to trade actively will surely lost up mot of their position.
Dealing with price actively wont really be that simple if you dont have sufficient experience or do know on how to handle with fluctuating prices
but it doesnt mean that it cant be learnt off.It might be unprofitable for you but dont give up on achieving yet experience would vary along the way.

I am glad that I am not the only one who is having so much hard time trading bitcoin, it has been getting tougher and tougher with how much lunatic moves it does all of a sudden and then for months it is not doing anything. Like not even enough movements these days to make up for the trading fee difference and withdrawal fees for example and then suddenly it makes 20%+ movements, how the hell are we suppose to make day trading if the movements are basically either no movement at all or huge sudden movements?

I need bitcoin to move 5% or at least 3% or so every single day, otherwise day trading is for nothing, looking at altcoins and they are about the same except they are also dropping a lot and not recovering so if you get caught at a wrong price you are stuck.

Please can you answer me why do you trade daily? The more you trade, the more difficult it will be for you to achieve desired plan. You don't have to dig daily for unpredictable deals, better to catch and use best moments rather than every moment.
Also every time during trading you have to remember that if you profit that's because someone loses, you have to be smarter than your opponents cause all of you have one goal and that's profit.

But I do not think that if someone will win then other will lose because when all of us will put our money in any asset then the price of it rises and all of them earn the profit so in that case it is not better that we all dump as if we all will dump then many will lose while better option is that we stay with that coin for longer and when it get a strength in the market then after that we sell our coin this way the coin will not lose the value immediately.

thank you for the solution you gave me, and I will try to correct the mistakes about speculation and predictions that I have done, hopefully this will help me to be able to motivate me so that I can correct the mistakes that I did, and I will try suggestions that You gave it to me, and hopefully will be able to improve my day trading today.

That would be a great mate. Feedback plays some role here, not such a way that it makes us discourage but it is a way to help us to grow /develop our understanding of crypto. We don't get offended for some negative thought that people might say, that is also their observation and have to respect by then.

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Back on, never get surprised nor to be discouraged if you do not succeed at your trade cause it really happens to all traders. Don't think bad of it but consider this a way to improve your strategy and find these things suited to you @OP.

It is true that now it is very difficult to make profits, because with bad market conditions like now, the price of coins is difficult to predict.
Especially the altcoins are unpredictable movements. For now if you want to make a profit, especially for daily trading. More better use
bitcoin for trading. Because at least bitcoin movements are more predictable than altcoins. But if you want altcoins trading can be for
long-term trading. It's easier to make a profit if you use large capital, because with that capital big increase by 1%, the profit obtained will
be more pronounced. If you use a small capital that will be exhausted cut with transaction costs.

There is, that is, with patience. Current market conditions are still not good so it is very risky if you trade in recent weeks. I myself prefer to monitor the market first, because the movement of the bitcoin market is still in a sideways pattern since a few weeks ago. Therefore you always fail at predicting, that's because you can't predict when the market is sideways.

Everyday won't be the same as today. The same is with trading, because market changes. All we need to do is learn from the mistakes that caused loss. Maybe the learning will let us with a big profiting the next day. Day trading needs a big learning, good is to experiment with small capital and further go for a bigger margin.

It's really hard to predict and analyze the market if you are just only checking for an altcoin that is not moving its volume, therefore we need to always trade the market from top 1 - 50 because they have a lot of volume with the 24hours.

And i can see that more traders are buying and selling this coin than new altcoins and less traders which will make you lose your money in the future.

In fact, these days, the price of bitcoin and coins is very volatile and it doesn't follow any signals. at this point, the loser will certainly be more than the winner and so we should not trade now. when the market is stable and we should only open orders.
Sometimes we will have to go through a series of losing orders but it is important that we know how to manage capital. This is what the traders are aiming for, when you manage your capital well, you will have great profits in the long run.

Indeed, volatility has already existed even before, not quite to say that the market is even more volatile but somehow people had already adopted the system. That is why we'd never think that trading life before is similar to what we have struggled today cause they're not, in fact, the more it becomes harder every day.

Be careful, and it seems the market is not moving significantly, you need to analyze deeper than usual so you will be able to find the coin that can give you a profit. I guess the market will be like this until the end of this year because people now are on holiday. And the market seems to are quiet from buying and selling. But I see that people already place an order buy and sell at the market just in case if the price is down or up later so they will get the coin at the price they want.

We have to improve our trading methods since the market is growing and it's habbit changing every time we should adapt our trading method to a better one each day so we could gain stable profits in the future. I'm sure it will not easy and need more research and experience

I am not very experienced in daily trading, but I am an anchor in the long run. Until now, I have held assets since the beginning of the year, but have not sold the whole. as tips, try to be more patient. use some of your assets to hold for the longer term. not a year, but only after halving is finished. it might give you a pretty good profit. at present, daily trading is indeed quite difficult.

To much courage needed to hold an alt's for more longer years since we experience a nerve breaking events recently and bearish market still occur and provably other holders are in lose since they sell their alt's in bad market but good thing you still withhold your patience since if market recovers provably you will be earning nor recover the capital what you put in, but actually I suggest you should learn the day trading basic fundamentals since this is the most working ways to earn especially the market is so volatile.

we should be prepared to handle risks ,day trading is only successful if we lose less and have discipline , even if we 8/10 trades and lose more in another 2 trades we will be in loss  , so trade less risk less have discipline in trading  

In some cases there are traders who are disappointed when trading alt with BTC pair, even though the order succeeded in profit, their balance actually dropped dramatically due to a decrease in BTC prices.

if the problem is like this, traders must start having to trade more often with usdt pairs. op needs to explain further experience because speculation and predictions alone are not enough to deal with short-term trends.

Well, you can check out the Galaxy Score which is added to CoinDeal's platform as a widget. This tool uses data analysis and artificial intelligence to predict the situation on the cryptocurrency market. So it helps you to make a decision: which crypto is worth buying and when? It could be useful not only for beginners but also for more advanced traders. At first I was quite sceptical but now I pretty appreciate this app.

^ I may suggest you read and watch video tutorials regarding trading online. Day trading is very risky and that is very hard to gain profit. If you dont know it very well how to do that's the time for you to do research. Also the most important you have also these, fundamental and technical analysis which gives you the right timing in trading. Because that needs a perfect timing when to enter the market and the buy and sell point.

For getting the knowledge and for the guidelines if he will join any academy or will get tuition from any expert trader which will be available to him physically then he will become expert sooner. I was also getting the knowledge from some videos and from there I learned but when one of my friend came to me and he trained me about all the tricks and tactics about trading then I became more expert within a shortest time period.

My advice is you should start trying coins whose price increases or decreases to move a little slowly like doge coins to trade on the market. Maybe here you will have a greater opportunity to benefit even though there are only a few. Now all you have to do is look for which markets have a fairly high volume of doge trading every day

In my opinion, it is not a good idea to trade a coin like doge which has a low volatility because you need a high volatile coin to make profits in the market. If you are going to the coins that are in low volatility then you are not into trading, you are into an investment. Look at the market and check what are the coins that are in a hype and try to enter there.

During the past years, Doge is good, but now, I think its fame and hype has been over too, so for me, if it is up  to you if ever you want to sell  your Doge now or wait for some time, you can always check their development in the community so you can assess if it has potential.

At this time, most of the time market is sideway and it's hard to decide to buy or sell. I know it's hard to tell you be patient and do not open any orders, but you should do that. Comedown and be patient for the market to decide new trend here, it's super important right now. Do not rush for small profit, wait and you might get bigger rewards.

I think you should accept reality that sideways destroy your strategy, short medium long term period will never success. So far in this end of the year only speculation comes up in market, created by some people with medium fund to make wave. This wave is only temporary but if you push to enter your money will disappear. Try to use stable coin for trading/ investment in medium term period, not get high benefit but small amount will be yours.

Yes, the market is very difficult for us to make decisions now, including anyone who have had a long time working with it. I am thinking of 2017, a year when the market was extremely volatile and all we need to do is trade and wait for profit. Now, make a trade and I have to wait for some days to get a profit, it's really boring.

The only available way is learning and practicing various trading secretaries and analysis. Until you gain confident on your trading skill, do not trade on actual markets (while you were trading, you must have focused on learning and analyzing yourself too).

First of all, take a break and relax and find time to figure out what you have misses and where your trading turned wrong.

Self-analysis is more important to prevent future mistakes. Instead of correcting your mistakes and looking for new ideas will not work for you rather than it will lead to further losses. Better stop you trading right away and sit and analyze your each and every past trade which will definitely help you to derive your own idea for better and profitable trading.

Don't disclose that option since In the first place doge didn't drop so bad In the rankings and for over so many years it still get a decent volume so meaning doge still have a lot of supporters and maybe it will wake up again once the bull market strikes and market became better, for now maybe it's been affected by the bearish market that's why you can see it at the dump price.

There is no such thing as easy money here except for luck. If you cannot make money through trading try to view more videos talking about strategy in trading. Look some indicators that might help you to be effective in trading. It will be beneficial for you once you get the ideas in trading and make them as good as possible so that you can earn more. Day trading is hard, it requires good execution, experience and determination

I think you need more advice and ask more strategies to those traders who have lot of experienced. And always remember that you need to invest only to the amount that you are also ready to loss because all we know here in crypto and trading industry it is easy to loss but it is hard to recover so have a good strategies and have a continues learning.

In current scenario it is hard to predict the crypto market, most of altcoins are either dead or have little movement, so I do not recommend to do day trading in crypto. If you are interested in day trading I would recommend you to go to forex market.
Below are few tips to do day trading in forex.
1. Always trade in the direction of bigger TF.
2. Chose an entry point on lower TF.
3. Always trade with SL and TP.
4. Do not risk more than 2.5% amount of total capital in a single trade.

Follow above rules and practice on small account, success will follow you for sure.

Of course, I have no experience trading forex, but my friends tell me that this market provides good income only for selected people.  I cannot say how true this is, but I tend to trust my people.  It seems to me that in the case of the cryptocurrency, trading on the cryptocurrency market gives you more chances to make a profit thanks to your experience and knowledge, and in this case you really need to choose the right coins for trading.  Indeed, a lot of altcoin today do not show any results, but if we talk about day trading, then even a small percentage of price fluctuations over an hour matters.

I have tired with many time always have holding my altcoin assets because price down, now I am waiting when altcoin back with higher price for beginning with trading, I keep trust anything can be happen with bitcoin and altcoin price at the future, when bitcoin halving give positive price for crypto have higher price just need wait three months later.

If you cannot see a good result with the other alt's there just go with the top alt's who got a proper volume and edge to rise up when market becames better, remember there are low odds with low caps alt's so the best thing to do now is to go with safe zones(not actually safe but we can manage) or maybe just stay on bitcoins and wait for the halving is come if your done taking a risk with those alt's.

Day trading are so hard within the current market situation, you ought to stop trading for a couple of days as you are trying to raised understand the market. Increase your skills in order that you'll solve subsequent problem now this is often an enormous challenge for you.

We can't do trading perfectly in the beginning so you have to keep learning. Trading is a never-ending learning process so you have to focus on what's lacking. The market isn't stable as well and there will always be changes so you have to deal with it and try to trade with perfect timing. Apply the basics and don't just focus on speculating.

I strongly suggest reading a book :) There is a shitload infos in the internet and they are almost all just quotes from a few books from 20-30 years ago. Google and read a little about known traders and their publications and learn from there. Internetz can be misleading sometimes and 'pro' tips from blogs are great example.

Yes, they are and if we could read their reviews, not to think about being paid reviews but most likely it was. The reason for this is that they are selling their site and so traders will also be attracted but in reality...it usually far from what they experience. That is why I don't mostly believe those reviews that all of them are a positive cause most of it is a lie.
Knowing about basic trading, it gonna be enough, only we need to elevate for sometimes to see its effectivity in the future.

You are dealing with volatility on active basis so it is somewhat like a gamble if i were to say.Just dont give up easily yet you arent the only one who do experience hardship when it comes to
day trade.

If you are just still new to trade then better not to rush up with daytrade but rather try on swing trades or trending type of trade.Then after that you can try on doing short ones.
When i do day trade i do make use specific indicators like MA's S&R and trend lines even using up some Fibonacci.

Indeed, becoming a daily trader is very difficult, because we have to be really focused and have enough time to continue to learn and monitor prices in the market. If you do not have enough time, then sometimes you will pass an appropriate moment, to buy or sell moment.

If you are trading on a daily basis then you must be knowing that not everyday can be a lucky day.
Some times you lose and some times you win. You must be prepared for the both.
If you are continuously losing then try changing the strategy and keep changing until the one works for you.
Keep your stop losses low until you find the right strategy.

This time is undoubtedly for simply holding onto bitcoin because it is barely increasing few hundred dollars in values over weeks. People would increase their investments into bitcoin the moment it is going to increase in values speedily. People are really ready to put their money into it but need some kind of guarantee of profits and that is only when they see its pumping side. Altcoins are not bad for small profits.

The day trading in brevity is a game of perfect entrance in and exit from the market. If you have mastered this thing, there is no way you cannot make desirable money. But for learning all these skills, you have to invest time and work hard in order to understand market situations well. Day trading is that is why labeled as the riskiest type of trading one can get hands onto. We shall simply do home work before practicing it.

This is the best way to earn from trading as we should not spend all our money at a single try but better make a plan for it. We should spend time and keep eyes on the market, most of the time we buy when the market falls and keep holding longer. I also keep my money investing until I feel I should stop as day trading needs allot of knowledge.

Not just you have knowledge but you must be a smart guy and strategical. Trading is not all about having a good market understanding but the most important here is we know to adopt and accept the sudden change of market trend, we'll need a strong heart and believe. Then, we can make hopeful positive outcomes of our trades.

The crypto market is volatile that you can't say when will the market increase and decrease, that is why most of your prediction might be wrong. My advise is if you always experiences losses in trading, you must learn first to control your emotions for you to accept those losses and you need to have patience in your trades, so you can wait for the right time to sell your coin if it already improve it's price.

Patience would really be a big factor which you do need to control if we do deal with volatile prices.Of course you would really need to focus out so that you wont be lost track with your trading analysis.

This wont really be easy and lots already tried out and failing is just common.This is profitable though if you do able to grasp it but if not then it will surely cost you some dollars but it isnt impossible though to learn
up active trades.It do really just take up some time for you to learn.

it sounds like you need to change or further develop your strategy. Some strategies have you entering a position for a month, some have you exiting before the end of the day. There are some great resources out there to help you with this, babypips is a classic recommendation. The CrackingCrypto guys on YouTube also do a good job of providing legitimate analysis by real professional traders and not just moonbois with no experience in trading.

You need a lot of patience and education and to have your hand on the pulse. If you are in crypto to trade to get rich quick, I don't want to disappoint you. If you can be cool, calm and calculated, you can win. A trader's mindset has to be emotionless, yet you should be winning your trades based on other's emotions of fear and greed. Another thing I learned is to always trade coins that you don't mind being lumbered within a slow period. That way you never feel you are a loser, only that you are waiting for the right time to take profits. These are little tips that have saved me in time of great crisis and difficulty and why I am still here, despite many setbacks due to my lack of knowledge of the markets in the past. Also don't be afraid to make mistakes and own them. Be always responsible for your own actions and don't blame others, failure is only for those who never have the guts to try and sometimes make mistakes.

if you trade Bitcoin to USD/T, I think it's more stable and still predictable. because I made several predictions from my trade, and it worked. Lots to look for news and information. do a careful analysis. watch the chart movement. I always buy when looking at the chart on H1-H4 making a red candle 2-4 lines. and finally be patience.

For that, I consider watching expert traders via youtube thus I can feel that I'm being mentored personally as most of them enables you to feel that for you to get motivated. I've known a lot of youtubers wethere it's local or foregin. Trust me, they are really motivating and very professional at the same time.

It's good to have a coach too. Or some references to look at. YouTube can help if we're looking for motivations and looking for new techniques for free as some coaches now are need to be paid high and have limited time too unlike in YouTube. I uses both before as there are time I need to see physically and consult what to do.

You're right about watching an expert traders video on YouTube but i strongly believe what the OP lack was not understanding how the market revolves because day trading is totally not applicable for every market trend which was the reason he make debt despite his knowledge about price analysis.

He probably should trade with smaller amounts if he's really planning on taking it seriously. It's not that easy being efficient even for long time traders. Experience will be your most important tool so take as much experience, make as much mistakes and learn from them. In time, these will make you a better trader and the losses you have now will eventually turn to gains at certain times.

True that, but the thing is that it is a very lucrative way of making money if you become an expert at it. It is very rewarding to know all the new strategies and to adopt to the market changes as it can even allow you to escape your day to day job. In my opinion, if people in crypto have plenty of free time then they should definitely try trading. If it becomes a hobby and you're good at it, one day you might even become rich.

Who ever plans to trade, people with more free time and people with less free time, should be prepared for changes, every market change require new approach, different strategy. And crypto market is more volatile than any other market in the world, constant changes are normal in crypto.
I think there are many good trading strategies, and depending on the free time you have you can find suitable strategy, that doesn't have to be day trading, it can be mid or even long term trading. As we said market changes pace and directions very often, you need to be prepared to change the way you trade, only like that you can make profit in long run.

But if you will love what you are doing and you are really aiming to have a daily income rather than just holding a coins/tokens then you will for sure rather choose day trading over it. It may hard to do day trading because of the market condition and you will be in need of a lot of time compare to just holding for long time, but still if others can do it, we can do it as well.

No matter how many videos you watch and how many times you watch it, you will find more things to learn when you start trading. When you suffer a loss, you must learn from it, what happened, why it turned out to be a loss instead of gaining profits. Take notes and make sure that you don't commit the same mistake again.

I kinda agree with this because in order to gain what you are aiming you should fix the problem first before you start to make some moves because you might face the same faith somewhere when you start to do trading again.

It is a reality that day trading is not for everone, you cannot force yourself to do day trading but your skills are only suitable for passive trader. I'm a day trader and a scalper trader, I'm more good with it than to hold long period of time. I became scalper because my skills are suitable to it where I using 5 minutes chart and I can easily make profit within an hour. But not all of times I win, there are times that I also lose.

If you find it difficult to trade, then you should have sufficient knowledge about the trade If you trade without knowing anything then you will be the loser This is why you need to adopt different strategies such as trading before trading analyze different places to trade. See the trading tips You can read different books and also learn about trade by watching videos I look forward to seeing where they are going wrong so there is a loss in everything.

Today it is hard now to trade and gain a lot of profit in cryptocurrency because many people now are holding their coins because of different reasons. By this kind of action, the market affectedly, and the price of the coins is going down. However, many people still want to earn more profit while the price is low, and then they made daily trading. Even we are knowledgeable and skilled in trading, but the price in the market does not give good value; still, we cannot get any money. One of the best ideas is to hold our coins and avoid trading for now and wait for the price rise again.

Market is either making some sudden moves or going sideways for a while. This market is really hard to trade when it comes to day trading. You should either look for some tough support or resistance to break for an entry or just stay out of the trading completely before trends start making sense to you.
Many people have made loss after the high of 2017.
Market is still volatile but getting more uncertain.
You should stick to your planned numbers at this point.