Bitcoin Forum

How are people learning how to day trade? What are you methods?

Personally I've done the signal groups etc but found them very hit and miss. I'm not good enough to do my own TA (and can TA really help for day trading - no idea?).

Only method I've found that I find works was taught here: https://discord.gg/nCmjwmQ (https://discord.gg/nCmjwmQ)

It focuses on getting in and out of v.high volume coins as they naturally fluctuate.

Cheers!

It's very easy to learn how to trade within a day! Need only software and strategy. But liquidity is not great. Therefore, the deposit should not be large.

And what about software you can use software that shows the volumes inside the candles.
So you will best determine the manipulator and market liquidity.

Resonance Trading Technology is suitable for you.

https://prnt.sc/ks5hey 

Here is an example of a trading situation. The volume has come, wait for growth! But there will not always be growth. So you need to filter the situation.

The fluctuation is what scares most traders in cryptocurrency but that same fluctuation is how the money is made. We need to build a technique that will help us to understand the fluctuations and the market.

All you need is to wait for the dump and then sell at high. Only this is the way to succeed in trading.

I used to do day trading before but I eventually quit. It's not my thing.
What I know is that you need to be careful of these signal groups. I know someone who claims that this signal group that he was a member of pulled a dump and he got caught in it. At first they gave out reliable signals and once they've gathered enough people to follow them, they sent a fake signal and the people lost their money. I'm not sure how true this is but what's harm in being cautious?

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Btw, I noticed all your posts contains that discord link. I can't help but to think that you are just promoting that discord group.

I think in trading there are very many different methods that people do, and I use the method by buying lots of prices and selling them like that.

The best thing to minimize the risk in day trading is make risk management first,  we should be set target target profit and use stop loss,  never be greedy is big enemy because that emotional will bring to loss much money . Wait patient when buying and selling the crypto to get best price. To get buy signal i always use the increasing trading volume of the coin and for indicator i used MACD and trenline.

I don’t day trade much. I think it is too difficult. Day trading is all about looking out for the opportunities to buy and sell. And the decision of when to buy and when to sell is really tough. You have to analyze the market so that you can predict its movement. You should learn about all the strategies, listen to some good you tube videos, learn about technical analysis and market charts.

When I do have time I am also learning trading because I know one day I will also do that so I am not missing the chance for me to learn trading, there are lots of sources out there we just need to at least give time in educating ourselves.

One of the best ways to do it is to follow a high quality trade discussion group, the Cryptovince chat is one that I visit regularly, there's plenty of people on there posting their daily analyses and predictions. You can also simply learn how to play traditional markets, as most of the signals are transferrable.

Believing in the signal group is the worst part of your problem. There is no easy way to trade and learn we must experience it from scratch, we can't just blindly trusting someone technical analysis without understanding about it.

Learn TA is very important for trading in all kind of asset, from TA we understanding about support and resistance area and we can make decision which price level should be to buy and sell. There are alot of different asset on the market and we not possible to learn the fundamental if all that asset, and Technical analysis will help to make decision when to buy and sell.

Looking at the OP's history, I see most of his posts have that discord link, makes me weary of advising anyone to join as he may be the owner of that group and just trying to populate it with the guise of you learning trading. I always advise people to go on Youtube for those interesting in learning TA. There are tons of videos free of charge. All it requires is your dedication and commitment.

Trading can bring quick profits from the crypto market if you can do it properly. To do well in trading need to learn something important how to trade well. Watching videos on youtube, follow social media and also can read the book about trading. Regularly asking a question and to reply about trading in the forum.

Technical s will  work in day trading but due to market fluctuations there will be lot of volatility some days , day trading you can get lot of returns if you trade properly and you can lose lot if you dont manage it correctly , day trading is all about discipline and a lot of practice   

You just learn it for yourself. I don't recommend day trading though. It is still good to trade in swings and would try to wait it out and also get out when things doesn't go on your way.

Yes totally agree since not every method are applicable to all type of people in here and we do have different level of lucks because we are self-reliant. The best way to figure out how to day trade is to experience and make some try to it surely that will give you an idea of the market when it comes to day trading but beware of its risk level which is too high since the market is too volatile

The current market is perfectly matching for day trading so I recommend in this situation but Day trading is not a simple technique so we must aware in all the situation. All the day traders comes in beginners but experience is major role in day trading so still experts are continue this journey and new traders impossible to make profit in day trading.

If you are not good at analysis then you may not be successful in the crypto trading for longer run so you should either learn it or better leave and joining on the bump and dump groups are just worthless sometime you are in need to pay for getting into those groups.

I do not learn online from strangers who only learn from people who know and trust, always learning to improve their knowledge about the bitcoin and altcoin or all that refers to the market. Crypto field that I need to catch or not to investigate. Thank you very much to have a professor in this field guide me, to exchange his knowledge to myself, honesty is indispensable in buying bitcoin. Invest in bitcoin as well as the life that I'm longing for. ;D ;D

I want to learn also in daytrading because l want to have an income in every trading to supply the daily needs of my kids.This is enough for me just to survive for a day. What's important for me l have profit for every trade for finances at home.

Trading is like an act and for you to succeed in it you must learn it. Learning how trade and also having a mentor will put you in a correct pedestrial to start your trading. Learning how to trade will make you have a lower loses and learn how to manage your fund. You will draw your trading plan and learn how to control your emotion while trading. You will also perfect your strategy.

I had a luck to have a good mentor who I could ask any question.
The best way to learn trading is when you start with small funds and practice and get experienced.
You have to find out which is your trading style which suits you.
You can follow others but you have to be independent when decisions are made.

Seriously, if you need money to feed your family get a real job or if you are still young get a proper degree and then apply for a job. Trading is risky for those who are new to the market. So if you are willing to get into it, you should keep it as a side hobby first while focusing on your day job to get your daily bread.

Try to learn about market indicators and watch the price charts and then begin trading. Dont take it as a get-rich-quick scheme because then you will obviously lose money. As you gain experience in these concepts you will be able to gradually make profit. Remember that you cannot become a millionaire overnight by trading for one day. It need years of experience and practice.

It is like a skill which you have to learn and grow confidential in it for you to be a successful trader. Trading is not easy and will spell doom for anyone to just start trading without proper guidance. When you learn and have a mentor you will do better than any person who just acquires a laptop and internet service and straight entered into the market.

I get my experience by doing with my own analysis and sometime learning from group telegram that i joined and from internet because there are many resource we can found i. And i always make some notes from my trading. So we can learning with many ways

It will depend on how we can easily get information and adopts the technique, when we heard it from others always double check and weigh the chances to earn.

without crypto experience, we will find it difficult to trade well, we must have friends or teachers who are proficient in trading, to learn how to trade our day requires a little longer process, because crypto trading is very difficult for us to predict, be patient and avoid panic which is very difficult for me to do in day trading.

To make quick money day trading is really helpful but it is not so easy. There are too many ways to learn day trading such as social media, watching videos on youtube and also can follow to learn bitcointalk.org regularly. At the same time you can learn from your friends who are already established in day trading.

I would suggest you to stay away from telegram pump and dump groups. They are mostly done by people who are trying to move the market in one direction so they would move it in the opposite direction. They will tell you that a massive pump is coming for such a coin and persuade you to buy that coin while they will actually wait for this "fake signal" to pump when the owners of that channel will actually dump their coins.

You will now be holding some shitload of a shitcoin. Stay away from those.

Yes, anyone that wants to be a trader in cryptocurrency must learn the analysis. Some will say the market is unstable and they are afraid that they will lose money when they invest in it, but there are people who are able to get in and out of the market few hours a day and they are also making it despite the volatility. I heard a story of someone who didn’t even learn it and all he was doing at first was buy when it seems it’s going up and sell when it seems to go down and it worked quite alright for him till he got to be perfect.

The trading abilities come with how much time you dedicate to it and your experience that bring about the best personal method of trading.  The profit or loss you make is proportional to you knowledge,  skill and experience in cryptocurrency market!

If you are only going to play the long term hodl you wont need much of an analysis for bitcoin. Because we all know that bitcoin will rise in future since the deflationary condition of the currency makes it scare as the population demand keeps on growing. ;D

Those are just stories mate. Rumors made to insinuate you to join some whale pool. Dont worry they are just going to make you pump their shitcoin when they will sell it. Also dont fall for loan sharks giving out info for margin trading.

Actually those who manage to make profit from short term flux are those who were holding the coins for sometime and they sold at the pump. The rest who come running after that are now in loss because its a shitcoin now and wont go up immediately.

Yes, you are right, because trading is not just an easy way to get involved and do easy trading and without lose just like playing your money on the trading exchange. Having more harder analysis and deep research in trading and remember don't rely on the group that broadcasting a pump and dump activity, sometimes the have delayed information than the actual trading.
The safest way is holding your asset or Bitcoin, less risk and we know that Bitcoin price will grow up after years.

trading is not easy , in that day trading is not easy at all it takes lot of factors and new things to be considered if you are new you should gain a lot of experience by doing trading losses will teach you a lot , dont do any course all are fake , if you want to learn day trading then self learning only works

I would recommend to find a professional teacher who will help you learn how to make day trading / correctly determine the levels.
Technical analysis definitely works on cryptocurrency.
Try and achieve results

I always learn in trading must hold some coins that gettinh for a big dump to recover how much funds loss from you but i accept that and taking a break this time to avoid lossing more money.

There is always a lesson for every mistake we make, we should not make this mistakes again and follow rules for making money many trades will first fail and then learn from mistakes and they improve 

Day trading is not a simple technique so we learn more about short term and mid term trading in crypto it will be good to improve the day trading skills. But your suggestion is totally matching from long term investment so I recommend buy Bitcoin in this bearish market. Because total market is suddenly moving to backward so we should buy more BTC in this dip.

That is for sure one thing that I know that when it comes to trading, it takes you zeal and your hunger to learn, to get better quickly over time. However, it is always very imperative to take learning seriously and not rush it at any point in time.

Today, people want to rush learning and practicing all in the name of wanting to start getting rich pretty fast and as a result of that, they just end up screwing everything up and saying the market is being manipulated or they have learned but everything just seems to be the same.

Having a strategy is all that it takes and most especially you want to know how to take out emotions and stick with executing your strategy when it comes to day trading, and that is one strategy you sure must have built on and gain confidence on with practice, before even trading the real world.

Since when did "teachers" popup to teach people trading? One would not need any kind of tutors to learn trading. It all comes from personal experience. If you keep on learning without experiencing, you will be getting zero knowledge about the market. The best thing to do is, start with small investments. You will lose a lot, but then again, you will be gaining experience. Learn from this mistakes and gather those experience. Once you are comfortable enough, go big.

I look up for online resources like website and video. This step is meant to cover my basic knowledge about trading. I mostly focus on learning technical analysis right now. I see fundamental analysis as common sense and doesn't require additional knowledge for now.

To help with the application of TA in my trading, I follow some good traders in Telegram dan Twitter. I use them to gain some fresh insight on the market and most importantly to see how they use TA before deciding a trade. Obviously, I don't simply follow and buy whatever they're calling, never intended to do so.

Exactly.Never be afraid to take personal experiences in trading.Application is much better than just reading different sources of trading.Day trading will still be profitable if you know how to deal with it.Learn to trade even with a small amount and eventually you can still make good profits from it.And as much as possible,avoid trading with your emotions if you want not to make losses in the end.

Is mostly easy to do just focus on the graph and maybe have a coffee by your side and then learn to keep your emo down to avoid a fatal crash

Don't expect to learn day trading could give you nice thing while market has no certain pumps. Maybe it will give you an overview of what trading is, but overall it will not give you sustainable profit since market was declining at lower price on most of the coins in the marketplaces. Just do day trading during a green market which could give you enough earnings to fulfill those goals you desire.

simple to learn daily trading, namely observe 1-3 coins in a large exchange with large sales volume and good liquidity, then do technical analysis and support from the coin news. and then you just have to buy coins at a certain price and set the target profit and stop it if you like it

There are numerous websites, chat groups, social media groups, YouTube tutorials about day trading this resources helps you to guide on how to properly apply the day trading techniques but the most important thing is how to handle your emotions and psychological factor about trading. You can always be happy when you always win for the trade but opposite from it is how to manage your losses together with your emotional down turn because you can't think wisely,practically and reasonably when you are at a loss.

learning day trading is nothing but practice everyday experience will only teach you day trading , there is no other way you can learn day trade only your experience will teach you   

Learning trading is not that easy to understand, and most of us here knows that things anyway. Especially day trade is too risky to do it, because you can be wreck once you didn't know properly how to use it well. Though, there's a tendency that you could earn from 1 to 3% of daily profit in here, but that's not gonna be easy to do when you are in the actual trade anyway.

I suggest day trading only if you are advanced trader , it is riskier but could be more profitable too but of course you need knowledge and experience to make some profit , I suggest youtube videos , there are some great youtubers you can subscribe and learn much still you should practice and experience by yourself too , to learn better .

Trading means business and you need to learn to do the business, its not only the market analysis but also controlling your emotions, money management which should be learn with trading, you can not learn it in a day or month or even a year may be less, learning trading is like walking on a rope and trust me once you are near to expertise in trading you need not to do any other business, keep investing your time in trading if you really like it, one day market will start talking to you.

Day trading do come with it own risk and reward and we are to invest along the advice given by op.  You just need to be smart in other to be able to make money from day trading.  Remember that day trading can only be achieved when the market is trending along the Fibonacci level and you understand on how to get in and quickly get out when it is entrancing.

My  advise  is  study more  and learn more about  TA   way  to  succeed  in trading. There  are  a lot of tutorial  out  there try  to consider  finding  another  source. It's  hard  to give  strategies  because  we are  dealing  with  different  coins.

Those signal groups will not help you earn money. What you are doing if you joined those signal groups and pay a fee is help the owner of that group get rich and not you from his signals. Those signals are not genuine, most of them came from another group where they joined as well. So by the time the signal reached you, you are too late. I would rather pay to learn how to read and analyse those charts than wait for signals.

Trading is not easy but you can still learn it if you want to and you’re also serious about it. Signal groups are not 100% perfect so you can lose anytime, or maybe you don’t trade at the right time when you’re given the signal to trade. But it is best to learn to trade yourself so that you don’t need to be relying on these things for trade, cause they disappoint a lot.

Yes, day trading is not a pretty easy kind of job which is why people are advice to make research and always seek more knowledge about the market because the crypto keep on changing base of the demand and supply rate which I agreed with what you said above. But, disagree to what you said about joining a signal groups because alot of crypto trader end up loosing their investment through signal group joining and why joining a group when you can get all what you need on here.

No, it is. You must learn first how to deal with pressure and what steps to be taken at which case scenario. Then practicing would give you a plus. specifically, on demo trading platform.

First thing is first, before going into any sort of TA, get to know what is blockchain and how it works. Basically the reason why people panic sell is that they dont understand much about blockchain and bitcoin and want to join the bandwagon to make money and so when they see the red market they begin panic selling thinking that its the end of bitcoin.

TA is secondary to knowing the price charts as well. Learn to analyse them yourself before you seek any financial adviser. Take their advice with a grain of salt because they are nothing other than shills of altcoins.

I think you forgot the buy in? But yes this is one way, of speculating. You should have a basis for any trades that you have otherwise you're just gambling like in the casino.

I only rely on my own practice for trading, so I will not blame others when losing, and will correct my mistakes.
many reliable traders experience losses and stay afloat because that is the challenge.
if you lose and feel bored believe your business will not be in vain, it only takes time, dont regret with you lose,someday you will get paid.

That's the kind of attitude that most manager wants and will able to stay calm in a terrible situation. And you, yourself manage to learn and handle things on your own without hesitation to try in order to learn. Day trading might seems a bit hard if you are a beginner and doesn't have any knowledge of trading yet but if they were like you the persistent one and who never blame others for their own mistake.

LOL I dont think the person you quoted has anything else to do than shitposting generic posts.

Yes most people in this forum dont even own any bitcoin and are just wannabes who want to get into crypto hoping it will moon like last year. Its true that if you are going to buy then do so at a dump and not at the pump. People accidentally do the opposite because when the price is stagnant people are not interested in it, the interest grows when the pump starts. Thats the reason for getting FOMOed.

if you want be successful in day trading only thing works practice patience but most of traders run behind strategy and waste time and money

To be honest, I believe that trading is not my cup of tea as I cannot devote the required time and flexibility in the short term but in order to learn it I have been using practical methods such as trial and error method where I invest small amount and test with multiple strategies coming out of self-research.  I have found this method useful as it exposes us to a variety of risks and environment taking place in the market every day.

In my opinion, day trading not different that other forms of trading, as you gain experience you can do it on your own and there is no need to gain any special knowledge to do it. As you gain experience, you can decide when to get in and get out.

Day trading is very difficult because this time short period term method will not success but not for swing. This day trading need small range about take profit and stop loss, most people doesn't like with that rules. Unfortunately that is the rules we should follow. One advice from me, try with demo account to understand the risk before enter the market.

Learning how to trade is very similar to learning any other activity, you need to find the best way in which you learn and then follow that method, in my case I am way better learning from books than most people and it is also a lot more efficient and cheaper since you can learn most of what you need to know about trading from a few books that are relatively cheap.

One thing you need as a day trader is to remove and eliminate any form of greed. And always check volume, once the volume is constantly dropping remove profit and wait for another entry point

Exactly, this is something that can basically be considered as trying to go to school or for some courses to learn some profession, so as to be able to do well in the long run. Trading is a profession which can lead to a business depending on how well you are able to do something substantial to benefit from it, but nothing good ever comes out from it, for those who decided to take it with levity without at least learning as much as they can. Day trading most especially is not for the faint hearted and those who get emotional easily, this is a style of trading you really want to be executing your strategy without any form of emotion at all.

Yeah, your suggestion is good and I think one of the keys to be a profitable day trader is to always practice. Once you do it often, your emotion would be controlled so that you would not trade base on emotions which is the number one problem of the traders why they cannot trade properly. Getting emotional while trading has a bigger risk of incurring a loss because when you are at a profit, you would become greedy and when you are at a loss, you would become hopeful.

I do not think we need to learn too many theories about how to invest effectively. We only need to practice and draw experience for ourselves after capital losses. I think you should spend a little around $ 500 to test your investment strategies. Your skills and investment experience will improve sharply after 3 months.

You can keep practising and you will never make profits by day trading if you are stubborn enough. This is not like a soccer match where you can practise to hone your skills. In fact very few skills are needed to be good in trading along with a good predicting ability and psyschoanalysis of the market composition.

Most traders do run after coins told to them by "shills" and that why they lose money. The shill decisively sold their coins luring the investor to buy it - typical market manipulation scam though not legally.

Trading is not an easy thing to do and you also need a lot of money before you can start trading. I have seen a lot of people ask questions on how much they need to start trading and to be sincere you need big money to start  that’s why it is not meant for everyone, cause when you don’t have much, you will be limited on the number trades to take.

As for how to learn trading that’s no longer a hard thing cause there are lots of articles online to help you learn everything you would like to know about trading.

For making quick money day trading plays a vital role but it is not too easy to need patience and experience and also need a strategy this all will help you to do well in day trading. At the same time asked seniors and need to follow the forum and social media also.

Well when i started trading, i already had some foundaments and knowledge about trading because i used to trade on forex before.

That is something that helped me a lot, anyway, trading with cryptos is not the same as forex, and you should know that.

But yes, some stuff is pretty similar to it.

There are a plenty of resources online to learn day trading. Youtube is one of the best. There are a lot of tutorials about trading, you can watch those it will be of great help for you.

Leaning day trading is not that too difficult to do with the right strategy and the right software you are good to go equip your self with the right trading skills in other to differentiate between liquidity and how to overcome market manipulators, but in all trading requires luck and smart skills just have that at the back of your mind.

of course it is very difficult and not easy to get money quickly the day when the market is not stable like this. maybe we should wait until the market is stable because it's only the only way to get more profits.

day trading we must learn how market sentiment works then only we can master day trading

We only mature when we experience loss. Exchange too, the more practice, the more accumulated good experience

I need to learn how to make a trading and how to do it and get in. It's for me learning the most important thing. In that day to learn how to trade and it's important to study it well because it's a good thing for our coin hold. it should be good to do it for trading because after all success is the outcome of all and of course need to be careful because everywhere we want to trade will not lose scammers. so when trading, you should be careful of scammers.

This article was useful to me - https://medium.com/velvet-exchange/quick-start-or-how-to-start-trading-7d20c1cad114, written on the page of the new exchange - Velvet, in the social networks of this exchange a lot of useful information on trading is published.

Trading is a very high risk especially in day trading you need to monitor the market price daily, and that does not matter a stable market price movement. You should know those very that highly volatile and fluctuate every now and then to have a better profit but as what they have said, that is not easy to do it. Learning day trading I think the best way is your own experience and those groups having a trading signal you can't rely on them they might have the wrong forecast.

Every strategy must have advantages and disadvantages. In my opinion it also happens to day trading. The risk is that we must continuously monitor the price movements of the coins we have. But positively that doing day trading has a much smaller risk of failure. In essence, we must continue to train our abilities. Do not be sad when we lose, because in my opinion that with failure our abilities will be trained and will also be more competent. Trading is a job that requires intelligence, patience and experience.

I agree and that is why I am not a day trader, a day trader needs to execute his trades at an incredible speed because a few seconds of difference can be the difference between making profits or not, I prefer to make longer trades, my latest trade lasted 14 days so as you can see to me it does not make such a huge difference losing a few minutes when making a trade.

Personally, I do not do day trading but I would like to learn day trading as I am known day trading brings quick money if it can be done properly. Some people say need to read books on trading and watching videos on youtube at the same time should follow the forum to learn about trading.

Same reference can be applied on gambling, gambling is something that brings quick money. I always point out that fact that day trading is like gambling, you need to be prepared to risk and maybe lose if you play it wrong.
You can follow forum and read about day trading, but I think that practicing is the best way to learn about day trading, only like that you can improve some skills. Informations, pairs, options is easy to find, learn about it, but what is hard is to stay silver, to not panic, to do everything in the right manner when you are on edge, same like in gambling, especially poker, you play against others and only with clear mind you can win, it's hard to keep clear mind, so everyone should practice that first.

to learn how to trade the day it is not easy to do it as soon as possible, because crypto trading is not an easy thing to do quickly, because it requires a good strategy and analysis process, we learn not only watching tutorials on YouTube, we must have a teacher or close friend teach us directly, and we can practice it directly, even though we don't have to have big capital, and you can read in this forum about day trading.

Day trading would be like gambling for those who dont know how to analyse the market and what coins to put in. Its not everubody's cup of tea where you can try to put in money and get returns every second. It need a lot of back ground work like going through price charts and market indicators that too every minute of your life. Bascially its not done as a hobby but as a dayjob.

Following any social media is like following what others have said. Its good for the start but then you will soon realize that every other member is just pumping their own coins.

I learned trading through reading posts in this forum,  through watching informative videos and through reading different articles in all over in the internet. Just read and read for you to learn day trading.

Learning day trading is not easy as you think. You should always allocate most of time to read articles that can help you to understand day trading.  Actually, I studied about 3 months for me to understand how day trading works, the strategy that I should use and the right time to buy and sell.

You do not really need a teacher to learn anything but what it happens is that many of those that say that they want to learn to day trade do not really have enough motivation to do it, they want to earn money but they are not motivated to learn everything they can about the markets and then use that knowledge to create a strategy that allows them to beat the markets.

In day trading, you must have more spare time to monitoring chart price in the market. And I guess just have TA technique is not enough in day trading. We must also have FA technique from any news about the coins which we trade it. 

I really wonder how much you have actually learned from reading people's comments in this forum and having gone through them. If it was so easy everyone would be making profit from day trading but that is not happening. Most people lose a lot more in their first few months of day trading than what they earn. So you are obviously bluffing and posting to increase your post count.

One of bad things about day trading is that you need keep your mind focused on the technical analysis and make decisions accordingly. Its not something easy to do as many people claim it to be.