Day Trading Crypto- Currencies Is Dead...

[CraigWrightBTC]

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.

Yes all of traders looking for the way of trading brings profit consistent, but the problem short term strategy day traders must be stay on computers and it is become problem for the people who doesn't have much time, so the analysis tecnical is not enough for it and we need other ways for more complete and not always stay on computers.

[Mzie]

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.

I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges

[buwaytress]

I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.

As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).

[X-ray]

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.

I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges

that was a real mistake making decisions out of troll chat even though they know it clearly why the chat box named troll chat because inside it has so many trollers and fudders,a true traders will not going to be affected by the environment of the specific exchangers especially by its chatbox

[traderethereum]

i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.

[clickerz]

I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.

As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).

I think it is getting noticed now. Look at those ICO's, they get millions of dollars and becoming popular. Real investor are keeping their radar on cryptos with solid platform and roadmap.

[romero121]

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.

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

[PokerFace3]

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

[Mzie]

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

And to think of how volatile Crypto Currencies is makes it even more risky.

[densuj]

i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.

Yea, actually depend on the traders and strategy used but mostly day traders they must stay on computers and watching the candle chat on the monitor, and in my experience it is not good because we don't have time for other Jobs and our mind is always on trading.

[deisik]

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

I can feel your pain since I've been there, many times

Day trading is very luring into the reckless hunt for profits, thereby it is easy to first lose control and then lose money. But I still wouldn't write off day trading completely. It may be no less frustrating to see the price revert just short of your long term goal than actually losing a small amount of money. My favorite strategy so far has been to use the best of these two approaches to trading as much as possible. I don't neglect day trading altogether, though I use only a relatively small percentage of my funds without ever losing sight of my long term goals. In this manner, I profit a little from short-term volatility on a daily basis and at the same time don't lose handsome profits which long-term holding may potentially bring

[dothebeats]

To be honest, some of them only really do day trading while most of the traders who know how crypto trading works only stays in a computer for a few hours and just waits for the profits to pour--basically, all of crypto trading now is focused at pump and dumps and not really the conventional "day trading" that we are accustomed or used to.

[outatime1]

I don't know about everyone else, but I don't sit on the computer all day to make trades. I put in orders and wait for them to go thru and I check a few times throughout the day to see if any orders have cleared.

[shinratensei_]

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?

In my personally. i can say, it's yes.

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.

Nope, but the current trends are simply too short things. Some might have thought researching and familiarizing and not an important thing. but other were taking researching and familiarizing for an important thing.
Depending on their luck, it is becoming the wrong faith right now.

[Pursuer]

I don't know about everyone else, but I don't sit on the computer all day to make trades. I put in orders and wait for them to go thru and I check a few times throughout the day to see if any orders have cleared.

this is what usually everyone does.

the famous saying "buy low and sell high" is exactly this. the only trick here is to find the prices where you want to place your orders at and then wait for them to be filled.

also I have found that if you spread your orders a little, you can have a better time at trading. for example you should increment the price you buy at with an amount (or a percentage) you feel safe and place multiple of them.

[xuan87]

it's really hard to set target on trading especially when you trade bitcoin with alt coin, the price of the coin is really unstable, but if you really want to make profit then you need to see the price movement every hours because sometimes the movement is really fast, but an experience trader know when to sell the coin, he doesn't need to stay 24 hours in front of the computer

[HaXX0R1337]

I dont really get the reason why do you think so.
Im doing day-trading (scalping) of course mostly on forex, on EURUSD pair, however i've been trading with leverage on cryptocurrency,
 also scalping. It was really tough task, but 100% real. Why do you think it's dead? Actually the 1M chart moves pretty fast, according to forex

[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?

I don't think this is a good idea overall, setting daily targets in terms of profits when trading. When you see that you are not getting there, you will most certainly become reckless and prone to making shameful and probably devastating mistakes leading to losses, not profits. On the other hand, if you quickly reach your daily target, you may become self-complacent and possibly lose a lot of trading opportunities as well as profits thereof...

In other words, strike while the iron is hot!

[Huge Black Woman]

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.

Anyone can do it if they know when those numbers are going to happen, but no one does.  It's nowhere near as easy as you describe.   I'd say most people who try to day trade end up pissing their money away.  Better to buy a lottery ticket and some beer.

[Slow death]

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

Anybody can do that.

It is not that simple. You need to study hard if you want to trade. You must develop a strategy and each person uses their own strategy.

I have realized that most traders set daily targets of profit they want to make.

Like everything else in life, you must set goals. What are the minimum percentages you want to reach? Only this way will you know your performance

Do people really stay on their computers for hours and hours looking at the markets?

Yes. If you want to have good results.