Bitcoin Forum

What is day trading?
a friends mentioned it to me but didnt have time to explain it to me and i didnt fing anything that i understood on internet so i am asking you.
Anyone knows?

As the name suggests, day trading is trading within a certain amount of time. Day traders look to invest and make money on stocks, commodities, futures or other financial assets during a specified trading window. Day trading is considered to be the art of trading in the short time period.

You can read more about day trading here: https://www.investopedia.com/articles/trading/05/011705.asp

Day trading means you trade daily with a random timeframe or have a special time to trade. Before you do day trading, you need to analyze and know when you enter the market. If you do not have enough skills, it is better to avoid day trading and use weekly trading or trade whenever you see the price is good to buy and sell.

As explained above you buy and sell on a same day is a day trading. Advantage is that if you become an expert in trading daily you can make money irrespective of market directions whether up or down but if you get your trade right you earn it.

Day trading is the best way to lose everything. Nobody can guarantee they know how to time the market so the best strategy is simply to buy & HODL. Patience is key in crypto, just DCA (dollar cost average buy) & get on with your normal life. In some years to come you will make big profits.

Simple as the words have the meaning already.

You're trading daily and you'll be relying your profits on your daily trades. But you think it's an easy thing?

No, remember this quote.