how to be a day trader?

[salu]

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

[sujonali1819]

For dailly trade first you need not think about high profit,5-10% profit is best in my openion.you need learn and research for  sometime about which coin you will buy.So i suggest you dont buy which coin will very high in 24 hours.just buy which coin remain same  place or (2-4% updown) for 1-2 days. After buying coin you must need to check the price when high or less always time because you want to dailly trade. when price will high 5%-10% it is the time for sell.For more information visit the thread, https://bitcointalk.org/index.php?board=8.0

[stergium]

For dailly trade first you need not think about high profit,5-10% profit is best in my openion.you need learn and research for  sometime about which coin you will buy.So i suggest you dont buy which coin will very high in 24 hours.just buy which coin remain same  place or (2-4% updown) for 1-2 days. After buying coin you must need to check the price when high or less always time because you want to dailly trade. when price will high 5%-10% it is the time for sell.For more information visit the thread, https://bitcointalk.org/index.php?board=8.0

i think day trading is more difficult and risky  as compare to long term investment, in day trading you need to have good knowledge about the market and where you are going to invest your money for day trading. in trading you must have a decision power as most of the people missed the right time to purchase or sell bitcoin because they do not have strong decision power.

[nicolas1979]

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

Day trader is similar with scalping method on forex trading, use short time period with little money and take profit only 5 - 10%. Do that repeatedly and you'll know how difficult it is. But you can try with demo account, just find a method you like and try it. Coin trade is only one way profit, meaning one chance to reach one profit. Practice first and never give up with the market. Good luck.

[Razzoel]

There are a lot of ways. Day trader just means that you dont hold onto positions overnight, which means you are looking at short timeframe charts and you're making all your decisions based on technical analysis. I would recommend you first gain trading experience and find out your trading style.

[dunfida]

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

If you are typically a long trader then switching to day trading would really be a different story but the aspect and the idea is already the same which is sell high buy low but on day trading is more active since you do really need to observe and analyze coin movements on a particular day and you are not letting a floating trade. small percentage of profits would always be suggested as long we can make it constant the it still fine.

[mindrust]

The first rule of day trading is, you should know that Technical Analysis is completely bullshit. The only situation where TA actually works is in all zoomed out/1week charts and this is where TA loses its meaning and turns into Fundamental Analysis.

So, what you are trying to do is purely based on your luck.

It is impossible to predict the movements of the markets in daily basis. You'll never know how many people with how much money is trading against your bet. Sharp movements can always occur and they may keep happening towards the same direction which you are betting against. You'll say; "that's it, it can't go higher than this and now i am selling", but it will go even higher and you'll get fucked.

Stay with long-term.

[bitcub]

I am a self taught day trader. At first I lost almost $150 of investment. It took me 4months to learn the things I need to learn as a trader. Now on my 6th month as a day trader. So far got my 3x profit from my investment 2months ago.

Youtube your bestfriend. Find live trading tutorials there. Twitter and TradingView where I got most of my trading positions.

[whizter]

There are a lot of ways. Day trader just means that you dont hold onto positions overnight, which means you are looking at short timeframe charts and you're making all your decisions based on technical analysis. I would recommend you first gain trading experience and find out your trading style.

yes that is right, in fact day trading is more risky as compare to long term investment, in become day trader you need to have some good qualities that a day trader must have. for example a day trader must be a decision taker, as you are going to invest your money for a short period of time therefore you need to have the quality to take a right decision on right time. if you are feeling reluctant to take a decision then you cannot make profit from day trading but will most lost your money there.

[BitZonk]

You need to learn a lot before you start. I recommend babypips.com/school for rookies, it's about forex, but you also find there basic information about charts analysis.

[dihari]

Simply, you can be a day trader when you're doing trading daily. Day trader is mean you can make profit only with the short time like one day. It's​ different when you plan for long term investment, as a day trader you should make standard for daily profit and don't be greedy. Make it 20-30% of your funds.
No one will teach you step by step on how to be it, but you can use your analysis and due diligence to a coin for test, how it goes move daily.

[Red-Apple]

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

Technical Analysis is not really going to help you succeed in day trading, specially if you do it with altcoins. people usually call it pseudoscience!
but i like the investopedia's articles about trading. they have pretty much everything and it is simply explained with enough details and information to make it easily understandable.

in day trading it is all about finding the most fluctuating market and buy in the dips and sell after it got out of it for profit. i am still learning trading myself so please share with us your success in the future.

[MintCondition]

Day trading is not an easy task. It is riskier than hodling a coin for long term because you are buying a coin on current price and sell it once it inflates a certain percenatage. It is risky because you need big amount so that you can have profit in small percentage and anytime the coin might dump hard.

[Duzter]

Being a day trader is not that simple as well will not provide jackpot to profit big with small investments. It needs more knowledge and learning as well a good capital investment. Only then it's possible to make a good living, else going to day trade is ruining your life without a job.

[subzero01]

Be careful... in bullish markets, it's sometimes better to just hold thatn to constantly buy and sell.

[dady12]

I tried this but I failed and I don't want no one else  loss his or her money  I will advice you to invest in some coins with good potential in the future,cryptocurency market are very volatile and within a seconds ,the unexpected can happen and you will loss all your cash,I will advice you to focus on long term investment

[BitcoinFutureCoin]

Become daily trader is really simple for me because I have joined in some facebook trading groups and telegram groups where are the biggest marketers.In biggest marketers I mean people which earn 5000-10000$ per month and I chat with them on facebook really often and they are teaching me how to be more successful and I earn more and more money because their help.Daily trader is very simple for me to become,just find low price new coin and buy it,but first you must check daily stats from that coin and then buy it.

[eternalgloom]

I've found that most Youtube video's on this subject either have incomplete or just factually incorrect information.
Investopedia is pretty good, but it's not really for everyone, I've found some better resources.

Check out:
https://www.therationalinvestor.co/

[shinratensei_]

hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.

Thanks

You must try to analize the demand of the coin. That has reflected how percentage of the volatility. To doing daily trade you must not be a greedy person.
Just try hit and run with your little amount. The successful trade depend on your analyzation. If you can grab the coin on the bottom of the red candle and you will be able to take your profit.
That's so difficult in my opinion. The daily trade has high risk.

[icecube45]

Daily trading will be more difficult than holding long term, we can not every day trading because not necessarily market in a positive state. So it needs a good analysis in doing daily trading. And maybe if you want to get a good profit, it will be better with large amount. If you small amount of profit you get is very little, so better in large amount.