Bitcoin Forum

I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.

Anyway, when I relaxed and started making less trades and kept my positions longer - I actually learned more about the market.
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.

What's your experience?

I enjoy short term trading and scalping.Im not a fan of long term trading because im like a person who gets quickly nervous about things and panic.So i enjoy myself doing short term and scalping type of trading.Its upon the trader where he is comfortable theres some who is comfortable doing long term and short term
plus indeed it is stressful specialy if you see your coin trading goes down and down you cant help yourself but to be stress

I mostly swing trade because I don't have much time to day trade often, and I'm simply less skilled at day trading as well. I've tried daytrading and other types of shorter timeframe trading styles many times in the past and it's really never worked out well for me, though there are definitely people out there who are very skilled at daytrading and scalping.

Even if you're daytrading, it's important not to overtrade, though. You can get burned out really quickly if you're overtrading and potentially end up in bad positions. If things don't feel right, even though it can be hard to stop, just don't trade 'till you feel better. It's always best to just sit out rather than lose money.

i am have favorit in scalpers style , with scalpers i can make hit till 10X small profit, and it faster :) but this strategy not recomended for newbie trades, because, scalpers have high risk if you entry with scalpers style

I dont think you need all this information for day trades. Day trading is all about quick in and outs, you usually dont keep the positions open longer thsn minutes.
The only information you need are TA indicators which bots may follow for trades and ride the wave, too.

I like scalping, faster transactions that bring, not a big income, but it takes time.
I'm trying to track arbitration

It depends mostly depends on the coin if you're referring to an altcoin or new coins it's really to predict it at first but right if you invest in a big volume coins such as Bitcoin and Ethereum that we also know as a volatile coin it's really hard to follow traders and news at the same time since they have different views or perspective about those coins.

Well my style right now is buy "on where I think is low" and wait for it to pump and if crash I don't have any choices but wait to recover no matter how long may it take. This might be boring but I'm too lazy to study more about advance technical details and some of them needed you to buy their courses.

Been doing margin trading for quite so long now. There are some instances that I do some day trading with altcoins. With the good market's situation, my long term investments tend to grow. But I was too focused now on margin trades which I enjoyed a lot since my learning is continuous and I was really amazed with the new strategies and analysis that I am instilling in myself. I always refrain from my greediness whenever I trade and luckily I am satisfied with the results of my tradings recently.

I prefer trading with scalping techniques. with this technique, it does not require a long time to trade. but the smaller the time frame used, means the risk will be greater, of course the movement of the candle will be faster

I guess everyone stick to whatever works for them. I'm still learning - as much from technical point as from mental.
My biggest loses ware always not due to the market change but my decisions based on emotions or wishful thinking.

2017 was super easy for making profits... It looks we are going to ride a long bull this year as well.

I do day trading but I target small daily profits... 1-2% is enough for me so I don't really stress so much on getting a coin that will meet my daily target. I just pick a coin with a high trading volume, do a small TA on it to certain whether it's the safe time to buy, buy the coin and set a sell order on the target price all within 1 to 2 hours and then i call it a day  ;)

It all depends on the crypto that we buy ,
I seldomly buy a crypto for a long term most of the time I am just scalping or day trading,
Since I see it much more profitable I would do a quick trade then roll with my capital and profit.

I have that experience too in my first time trading, and it needs months before I wake up from the worst thing.
Later, I realize that I don't have to follow or listen to other people, which is not always true but I need to listen to myself and try to learn about analyze the chart and the order.
So I start to search from many sources, learning by watching videos on Youtube, practising what I got and yes, I can make a small profit, and that makes me surprise that I can make my own profit.
I talk to myself that I need to learn hard more than other people so I can make more profit.
I know that it will not easy, and it will need time before I can understand how to analyze.
I am sure that you can do that too, as long as you want to wake up from the worst.

You are the one that caused your stress because day trading is not stressful if you understand it. You don't need to always go to your trade, you just need to be sure you have a right timing to enter the market, do that and set your target, you get your profit at the time it hit your target. No need worrying over a running trade.

Some of my coins are good for day trading and most of them are good for a long term hold. I don't have any strategy or any analysis to follow. I just focus on the application of the simplest rule in trading which is to buy low and to sell high.
I don't find it stressful but I find it exciting.

I don't follow any bigger strategy either, I'm 95% or more into bitcoins, then I hold a few altcoins also, most of them bought in the last few months, and then I day trade altcoins with the last small part of my portfolio, selling them as soon as I'm in profit.

Trading can be very stressful if you try to hard to chase your target profit especially when you do day trading, I enjoy a long term trade, I don't have enough time to do scalping or short trade, the market is unpredictable but if you take a look at the wider picture you can have a better speculation

Some people think of trading as a shortcut to getting rich quick and they're expecting too much out of it which is making trading really stressful.
It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.

I just have a simple strategies on trading, which buy low sell high because I’m busy since the year started and I have no more time to analyze the market, i just buy if I think its cheap and sell if I’m ok now with the profit. Scalping also great, because the pump and dump but the risk is high so trade with care for you not to lose.

Day trading sound good but its really hard to understand I remembered my first trades in Binance I confidence to win every trades since this is simple a buy low sell high then when I lose some bitcoin that time I realized being a trader is not easy as what I imagine. Even you are day trading you need a lot of patient to earn profit because the market is full of suprises even if you buy altcoin at low price it can be down lower to your buy point.

The current trend was supporting to day trading so most of the traders are concentrate the continuous participation. But sometimes we will follow the long term investment also it depends on the situation. So they just ask the favourite trading style but your suggestion was little different from trading style.

Long term trading is my style. Because i not really have time to look market everytime if i do daily trading. But out there i know a lot of people who already fit in it and they not do anything except trading everyday.

I am not yet a professional trader and I cannot earn 5-12% a day like my teachers. I am in the learning stage. but I still have my way of trading can x3 x5 my account number.
I just expect and buy cheap tokens at IEO projects that are being traded on non-central exchange. It is quite effective for small amounts. I usually invest only $ 200-300. But such good projects are only 1 to 3 times in a year.

This happens, you never know what’s going to happen in crypto world. I got here by accident and have been here since then however I have been able to make some money y early speculation in Bitcoin. Even this Bull Run had been pretty good for me for my cost of investment had been pretty low that what the current market price is and the market value is rising high these days.

I prefer long term hold. This has favoured me the most as i have made good profit form it. Day trading is bad for me. When ever i try it, it does not end well, i end up being burnt.

Trading I believe don't really have styles on how one will have to trade. The market is not favorable to every crypto trader and it can be favorable to others. Due to the market trends one will have to put up all its techniques on how to hit out few % from the market.

Buying the tops and selling the dips is a guaranteed way to lose your capital. Works for me every time.

Also, make sure to always pick the coin that doesn't moon.

Strongly agree that long-term trading is very pleasant and always patiently takes good opportunities in the current market conditions, by buying at a very cheap price after that it's enough to wait until it's time to sell at quite expensive prices, all free to choose their trading style but I don't like daily trading because there is not much time to analyze anything where time is very limited, unlike everything I can do before.

There is no denying that long-term trading style always gives us a very comfortable feeling, there is not too much pressure from changing the market, we just need to be patient enough to succeed in half but this method always has deep risks because the market is having replacements and removal every day, unfortunately, our project can be removed, not timely observation will cause us very serious damage. Therefore, our style should be changed depending on the market, should not let ourselves become obsolete.

Short term trading really needs a full attention in order to make it successful so this kind of trading style is not suitable for me as I only have a little time per day.

So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.

I also choose long term to make a profit because it is more profitable than trading every day and if you have good psychology, both ways will help you earn high profits. I often choose coins that are in the top 100 CMC and when the market falls, I will use a small money amount to choose the best community projects and then invest based on my ability. This is not easy and you must have a lot of knowledge to do that because just one mistake, the loss will happen to you.

Having enough patients and aiming for higher returned can be performed when you are working with long term trades, speculations and volatility only
interfere with your desire profits, unlike with long term goals, you can set you sell order and wait till the value will be executed and you can generate
the profits that you like.

Since I started my activity in the Bounty companies, and then continued with the help of investments in new projects, I was engaged in trade from time to time.  I didn’t have time to go to daily trading.  But since long-term trade almost resembled long-term investments, it was this strategy that suited me the most.

I am kind of mid to long term trader because short term trading is more risky due to too much of price swings so when we have time then we can decide what we are going to do with it.So as long as we are trading longer we have better chance of making perfect trades but shortish trades can be more profitable but still I am not ready to take kind of risk with losing my capital.

In my opinion daytrading will always be suitable for all conditions, the most important thing is your skill in adjusting all conditions and preparing the right strategy for that. now the price is back up, but not as big as a few days ago, it is certain that prices will rise again, so buying to be hold for the next few days is a good idea

Swing trade is probably the best trading style the suits me. I don't trade coin like hourly I would prefer to go with daily and weekly chart

If you ask people to buy and hold their coins for the next few days, then you are not completely day trading, because they trading according to the best of my knowledge is when you are able to successfully enter a trade and exit a trade within a day either you lose or you win.

It is expected that a day trader makes profit everyday depending on the strategy they further apply within that day which could be scalp trading or the other normal trading. Holding for few days is not also bad, this type of short term trade is safer and gives chances for you to be able to make better decision without having to rush in making decision like we do in day trading.

Depend on market itself for me, I'll be day trader when market situation is volatile such as this time. Bitcoin price grow up from $7900 to $8700, and it was working for me. But if the market situation is stable then I'll choose for long term trading. I feel saturated when when I become day trader only or I become a long term trader, but if I mixing it I won't feel saturated because I'll use the different strategy so as I'll feel comfortable when I trade.

Every trader have their own trading way depending on how much time they can put on trading itself.
I'm long term investor for crypto because I believe crypto will keep growing over years !

Why long term ?
Less stress and maximum profit !

day trading has nothing to do with any of these things. you wasted you time with them. even if you wanted to take a look at these things, you should only consider them as your last options at the bottom of your checklist of things to check out.
the first and most important thing to check and analyze is the market itself which means looking at the charts and the order books.

there is no relationship between news and market reactions. sometimes there is coincidences which other people pick up on or sometimes altcoin pumpers they use news as an excuse to pump the altcoin but there still is no relationship.

in my experience this is a bad thing to do because unfortunately a good coin can not be found and even if you find them they won't rise that much. the most profit is in shitcoins and in their pump and dumps which also means holding altcoins is a very bad decision.

Price notification  takes away all the stress of trading from me. I just create an order and forget about it until the order is filled..

Spending time on charts works too but not everyone has alot of time to spend.

I do day trading and long term trading. It is always depends on which crypto you invest your money, there crypto which is better to day trade and there are cryptos which is for hodl. Day trading is very profitable but stressful. You can do day trading if you have time, but, if you are a busy person, better do hodling.

Seemingly I choose as a day trader when I trade on cryptocurrencies. The reason is simple, volatile price has always happened on this market and with being a day trader I can know every movement price daily. So, I can  pour out the trading analysis that I have understood every day and I can practice it directly and maybe that is the best thing to do so as in the future I can make consistent profit from crypto trading.

I personally a fond of day trading as it provides a consistent stream of profit and it might require more paying attention to the price charts and it keeps you on the edge, but when you make a successful trade it is so satisfying to get it, and also there is no risque of overnight money lose, however every market has its own best way of trading since some of them don't change that much and others like bitcoin are volatile and their price is constantly changing.

I currently have no experience in price chart analysis and general psychology of investors. But I can analyze and evaluate the value of an enterprise at a time of development. I only invest in altcoins outside the top 700 and there you will find great businesses are being underestimated. for example, Atlas Protocol, it won the Huobi Fasttrack competition and its price will rise soon.
This is my investment and I do not encourage people to take risks with me.

I am still very interested in fast trading, with fast trading, I can make several transactions a day, even though the profits are small from each transaction but if the transaction is often done I feel it gives a big advantage for me.

That's I do even Im a busy person everyday I give or spend time to trading just like some hours even Im tired of what Im doing.
I do holding for longterm and also day trading even I do that Im not stress it depends to you how you can handle this because many people once they choose to trade daily they become stressful because they spend too much time.

I learn from trading, and I got many good lessons related to trading itself. The first thing I learned is controlling myself, which is difficult in my beginning trading. I almost cannot hold myself to get panic in that time because my coin price suddenly got dump too deep, but then I remember that it is only temporary and will not stay for a long time. So I tried to control myself, always check the market before trading, I can decide how much money I should use to trade and else.

Personally I prefer to do long-term trading because by doing that I will have a lot of time to learn more about crypto and find some information to trade.