Day Trading Crypto- Currencies Is Dead...

[Mzie]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

[Dassi]

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

[OmegaStarScream]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

Best profits to make are the ones from the long term and not short term trading If you ask me and in that case you don't really need to watch the market and stuff 24/7 Instead you could just check the price twice/thrice a day . Sometimes things are simply not going to go as you want ( specially daily as prices could stay so stable and don't move) so yeah I consider day trading as being dead.

[Monetizer]

Day trading crypto is not dead if you really really know what you are doing. With enough money it isn't hard to manipulate alt coin markets provided you can sell them. As for Bitcoin it can be quite hard to profit heaps.

[CraigWrightBTC]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

Actually not all of traders who make target profit daily because there are some types of traders are like scalper, daily traders, weekly traders and investors, and usually the traders who make target daily profit types scalpers and days traders of course they must stay on their computers. But everything depend on the traders them selves.

[Pursuer]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

not really no.
and this is exactly what I have been saying every time someone says don't leave your funds on an exchange! you have to open up positions that you want to buy and then to sell and wait for them to get filled or buy at current price and then wait for some time and sell based on how market shapes up but you never stay there watch your monitor all day long.

[jovs]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

Yeah, I fell what you feel. Blame those people who used to pump and dump a coin for them to make profit from an individual traders. Also, for the devs who are scamming traders for him to succeed hunting his victim.

[Red-Apple]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

yes for the better part of it but it is impossible to always watch the markets and that is where bots come in.
but usually the "day traders" in markets like stocks and such are staying behind their computer and staring at the monitor all day long since there is a close time for most markets like stocks.

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

that is true.
you should always have concrete reason for making each trades, not just do them based on your gut or risking it  for maybe getting lucky!

[mindrust]

Trade only with the money which you don't need.

It is painful to wait for long months just to have your targeted profits. And it is even more painful to cut arms or legs when you need cash immediately.

Personally, i quitted crypto day trading. It is because i realized i will have more or less the same profits if the prices go up in general. If the prices go down, it has no use to trade anyway.

[mobnepal]

For elite traders there is always a good opportunity to earn daily profit with day trading as they don't always watch only one single coin and don't go through any fixed strategy or loss/profit margin. While most of the new day trader loss so much trying to put their all bankroll in one single coin in margin trading with which even with small opposite market move they can loss all they have put into.

[jtipt]

Well that's true for professional traders, or say someone who is trading with large amount and expects a profit everyday it's his job. But with casual traders, someone like me, they don't usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.

[BitcoinHodler]

actually it is still possible. for bitcoin it is much easier because you can also use some analysis on the market and also add some news and things you hear around the web to it and then make trades.

but also it is possible with altcoins, although it is harder and can only be done on hot altcoins and the those with big market caps.

in neither of these cases it is easy over all to do trading in short term because there are so many variables that you have to watch for.

[Oilacris]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade.

If you do trading  ,  you would surely  put  up   time and efforts  with it. Staying up for  computer  for  how  many  hours  would be needed   as  long you are  trading  because  you would really need to see the price movements. This is the hardest  part  of trading  which  is  the   guessing game, as we all  know  price are too volatile we  really dont know  on which way it would go thats  why  it really needs  patience and  good  technical analysis.

[Goms]

Technical analysis is what brings consistent profit in day trading.

A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.

[housebtc]

Well that's true for professional traders, or say someone who is trading with large amount and expects a profit everyday it's his job. But with casual traders, someone like me, they don't usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.

It is not possible to make profit everyday no matter how professional or experience you are, experience only help your decision making, another thing people need to realize is that it is very difficult to make money in a bear market for most traders so you need to be very discipline to do so especially now that the prices of Altcoins have dropped significant since Bitcoin rally began.

Happy trading

[justdimin]

No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.

[GregH37]

No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.

Compared to bitcoin trader, alt coin trader might be having more chances to get at least one trade for every day, but when we are having more options we will be misleading to wrong trades other than that concentrating on technical analysis with many options will be difficult for any trader.

I believe there will not be any compulsory to trade daily to get some profits. Weekly 2 or 2 trades will be enough for a decent earning.

Sometimes the best trade is a No Trade.

Yes, instead of facing losses securing capital must be the right option.

[paramind22]

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

Isn't that what smart contract apps like Augur are for, so you can target certain events and know if the rules are right you can execute
a trade?

[ronaldo40]

really bad day for me in trade altcoin. since bitcoin increases, altcoin prices decline unexpected. I stuck a lot on altcoin. even two weeks without earning it really bad. I hope bitcoin prices drop soon, so altcoin given a breather to increase.

[deisik]

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

If you are not quite happy with the daily price volatility of Bitcoin as of recent (too low as you seem to imply), try trading on margin. After you lose half of your account thanks to a sudden price drop or spike (depending on which side of the trade you are going to take), you will soon learn the value of being patient or even indulging...

Though nothing is as easy as it looks