how to be a day trader?

[Golftech]

same with many replied before me OP, day trading is more difficult and more risky since you needed to have a lots of knowledge to predict what will be the next coins to pumped and what will be the trace, the simple logic here is to buy low and sell high you need to have more experience to understand the flow and needs some guts and willingness to lose your money if you mistakenly choose the wrong coins.

[amacar2]

There is no any to the point guide for day trading specially in crypto. There are few things you should remember when you are trading crypto for short term. Don't try margin trading with all your BTC, leave some in account so that your account will not be liquidated. Don't put all your BTC in one altcoin and don't follow any trading suggestion you may get in troll box. Don't trust any coin that have pumped quite hard overnight, big dump will be around the corner for such coin.

There is no any ultimate strategy, don't panic when you see big dump/correction and don't sell your coins for loss.  

[salu]

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.

thanks & can you tell us the names of fb & telegram groups?

[salu]

thankyou everyone above me for your inputs i think its really risky but still i'm going to give it a shot.

[omonuyak]

thankyou everyone above me for your inputs i think its really risky but still i'm going to give it a shot.

If you see it "really risky" to day trade this is how it will be for you. As for me I view financial markets especially forex trading and crypto currencies trading as a skillful game and if you can develop your skills? you eliminate the risk aspect of it.

[Dudeperfect]

I think to become a day trader and make profits in the trading, one should learn the trading and making the profits first and then he can further plan to reduce the active positions time. I believe that the best way to learn something is to start doing it on low levels and the gradually expanding the volume. First, start trading and consider the open positions for a period up to one week and then you can build some strategies to reduce the trade period without reducing the returns.

[naidray]

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.

If you are having more free time, and suggesting you to become a trader but not a day trader. But probably day trading will be suitable for altcoin markets but if you are considering about trading bitcoin, I'm not seeing it is profitable for the efforts and researches you will be taking.

Bitcoin trading is most suitable for positional traders. You can buy bitcoin and hold them for some period to get big profits whereas day traders are facing mixed results even with bitcoin trading due to their day trading model.

[bitbunnny]

I'm not such expert but from some my experiences and experienced of my friends I wouldn't suggest day trading if you are not experienced trader already. Day trading could be very profitable but it carries much biger risk than other trading methods and you can easily be found in situation where you can lose everything very quickly.

[Shishir99]

I think day trading is more riskier than long term holding.
Why?
Because almost all the coin has pumps and dumps in a day.
So it is important to know when to buy and when to sell.
For this you have to gain enough knowledge about trading analysis and other stuffs.
and always watch for whales.

[litaf]

I think day trading is more riskier than long term holding.
Why?
Because almost all the coin has pumps and dumps in a day.
So it is important to know when to buy and when to sell.
For this you have to gain enough knowledge about trading analysis and other stuffs.
and always watch for whales.

Day trading is definitely a lot more riskier than long term holding. there are a lot of emotions that can affect your performance as a day trader and these emotions often times affect you and make you make irrational decisions, like holding onto your losses. Trading can be more profitable but there is a skill requirement that needs to be met first.

[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.

If you are having more free time, and suggesting you to become a trader but not a day trader. But probably day trading will be suitable for altcoin markets but if you are considering about trading bitcoin, I'm not seeing it is profitable for the efforts and researches you will be taking.

Bitcoin trading is most suitable for positional traders. You can buy bitcoin and hold them for some period to get big profits whereas day traders are facing mixed results even with bitcoin trading due to their day trading model.

yeah probably altcoins. actually i have already invested in few coins for long term & now since i'm on vacations i want to learn few more skills i.e: day-trading.

[ktabb]

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

Learn about trading before you jump in. Learn about fundamental and technical analysis, and definitely about value investing.

Also practice trading before using real money. You can do paper trading here using this simulator: www.demoinvestor.com

Overall, be patient and keep a level head. Take your time and make sure you are very confident before you start using real money, or else you can cause yourself a lot of financial harm.

Good luck!

[Sled]

If you want to be a day trader then you need a lot of knowledge about the coin because you need to analyze the market and also try to make profit in every price movement of it. Day trading is a very risky kind of trading and it only suits to you if you will be a good analyzer of a coin and you have a lot of time to do that while if you don't have then just stick to long term trading.

[Dimelord]

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

In day trading,you must set your profit margin as 5% or 10% and as soon as you reach your target,immediately you should finish the trade and invest in another coin.You should not blindly follow the pump and think that sky is the limit for profit.You should be able to find the sudden increase in trade volume of a coin and invest in it.More over,you should invest in two or more coins so that you could adjust if the price of one coin falls down.You must analyze various charts provide in the exchange and analyze one hour chart,one day chart,three days chart to find the price movement.

[coynedterm]

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

Here I will suggest you to first get throughout study in the Google about the day trading job , since day trading jobs are not much profitable because in the today trading you need to buy and sell the coin whether you get profit or not.
Here I would like to suggest that first study and then start your trading with stable and better and reliable altcoins .
Because investment with the low famouse altcoins are less profitable but still the chances of loss are about 0% .
If you can hold the better altcoins then I am 100% sure that you will get earn money and will never loss a penny .
Here my suggestion for the more stable and better team work coins are dgb , bsd , NAV , Sia , creva , bcn , eth , dash , ripple , btc  .
If you can hold theses Alta then I am 100% sure that you will make 100 times more profit .

[ryanben]

I've traded daily because I knew it profitable for me everyday but was very big risk is not much profit, so I turned to long-term investors. If you want to trade in the day should take the time to consult the technical analysis and market monitoring regularly. That will help you when you give a command buy / sell easier.

[Amadues]

Day trading is risky and this type of traders are looking for few pips on daily growing market. On valatile markets you need to survive with day trading. Grabing pips is not good method in market. Looking for daily pips is for new traders which they feel themselves as traditional pip hunter. There isnt any "Holy Grail" method  in daily market movement.

[zeze18]

Maybe I'm only a year old studying and active in bitcoin and altcoin trading, but if we do with careful analysis it can make a profit every day, and now I think the right time to do trading activity because of turnover and price changes in market so fast, even With ability and minimal knowledge sometimes I can make a profit even with a small nominal but in my opinion if done consistently every day will certainly get a good profit in the future.

[Reid]

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 going to start trading with altcoin to bitcoin and vice versa. You might want to go to the altcoin threads like speculations or their own ANN threads to see how good this coins are now.
With enough knowledge you might be able to make a successful trade.
If it is day trading I think it is enough to monitor a certain altcoin movement or you could download an android application which have an alarm whenever it will hit the price you prefer.

[Hammonds]

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

To be a daily trader you do not need to expect big profits and you must be correct in choosing a coin make sure before buying should analyze thoroughly look at prices within 1 to 2 days and high and low prices in 24 hours.