Poll: Daytraders, how many trades do you make per day on average?

[ktabb]

Please only answer if you actively Day trade crypto (not holding). I'm curious to see how frequently crypto day traders actually trade. I will share my thoughts on the issue after getting some answers.

Also just to clarify, I'm counting any transaction as a trade. If you buy and sell something in one day, that is two transactions.

[Iranus]

Day trading is supposed to be trading within the day.

People making less than one trade per day are not day traders.  Day traders should be profiting from smaller fluctuations, rather than the big leaps in price that can happen in cryptocurrencies over just a few days.

In other stocks and commodities, you could use day trading as part of an overall strategy, but in cryptocurrencies they're too wild to do both at the same time.

There are a few cryptocurrencies which have been stable enough to make day trading feasible, such as MAID and LSK.  However, I wouldn't recommend day trading any cryptocurrency, because they are not particularly liquid and can violently break out of their trend at any time, leaving the profits you get from the tiny fluctuations seeming insignificant.

[beerlover]

Nothing fixed for me. If my indicators show any quick action and I am available for trading then I will do more than 25 trades also for a day. There were days where I have closed around 8 trades in profits out of 11 trades. I like to keep my entry as low as possible still if double confirmations occurs then I go for it without any hesitations.

[ktabb]

Nothing fixed for me. If my indicators show any quick action and I am available for trading then I will do more than 25 trades also for a day. There were days where I have closed around 8 trades in profits out of 11 trades. I like to keep my entry as low as possible still if double confirmations occurs then I go for it without any hesitations.

Right, I'm sure for most day traders it can vary greatly from day to day - that's why I'm asking the average. Like if you just calculated the average trades per day over the last year. I'm surprised to see 25 though, that seems extraordinarily high. Idk if that's common though.

[JL421]

Even if someone is a day trader you can't expect him to keep doing multiple traders per day with the market falling daily. I used to do atleast 8 trades but it has reduced to 3 or even 2 because it is taking more time to  be in profit than in loss. If bitcoin recovers i will be back with doing 8 trades

[akamit]

I was not a big fan of day trading..
My trading strategy is holding as long as possible and make decent profit.

Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!

For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.

[jhenfelipe]

I don't think we have constant number of trades everyday. There are times that you'll choose to wait, meaning you'll have lesser transaction (I don't have exact no. to give, depends on my mood as well) while when the market is active you'll boost your no. of transaction (8+ for me in this one). I can't vote in the poll since there are changes everyday depending on the market activity.

[ktabb]

I don't think we have constant number of trades everyday. There are times that you'll choose to wait, meaning you'll have lesser transaction (I don't have exact no. to give, depends on my mood as well) while when the market is active you'll boost your no. of transaction (8+ for me in this one). I can't vote in the poll since there are changes everyday depending on the market activity.

As I mentioned in a previous comment, I recognize that people usually don't make the same, or even close to the same, number of trades every day, and it can vary greatly depending on market conditions. This is why I'm just asking for the average. For example, you might make 10 trades per day for 10 days and then 2 per day for another 10 days, so the average would be 6 trades per day.

[ktabb]

I was not a big fan of day trading..
My trading strategy is holding as long as possible and make decent profit.

Recently I was curious of doing day trading and started to do so. After starting day trading I realized that it is not for me.
Because my first trade went to loss.. So at the end result now I have to hold the coin as long as I don't get profit.
I was intended to sale at 5% gain, but I don't know what happened to me and I didn't sold out when the gain was over 10%. That was stupid act!

For day trading I think I have to stick with a strategy..
A certain percentage gain with whatever number of trades. I think 1-3 trades per day will be a decent number.

Holding is the best thing you can do IMO. Statistically speaking, the more frequently you trade the more likely you underperform.

[ArdiPrabowo]

ussualy iam trade 2-3 transaction
if wrong prediction and price down, iam hold, and transaction reduce 0 - 1 /day

[nydiacaskey01]

Day trader here and for the past few days I trade less than 4 in a day while previously when market is still good and you can see pumps in different coins in a day I trade up to 6-7 times in a day that's total already regardless of what alt coin it is. Sometimes when greed struck instead of being day trader I turn to long term because of sudden price drops and didn't recover to at least break even.

[ktabb]

Day trader here and for the past few days I trade less than 4 in a day while previously when market is still good and you can see pumps in different coins in a day I trade up to 6-7 times in a day that's total already regardless of what alt coin it is. Sometimes when greed struck instead of being day trader I turn to long term because of sudden price drops and didn't recover to at least break even.

Has this strategy worked out for you? How long have you been day trading? Do you think you've made more money than you would have made by just holding?

[Vishnu.Reang]

When I used to do day trading (I no longer does, after incurring some losses in shorting LTC against Bitcoin), I was doing around 4-5 trades per day. I was using BTC-e (which is not a very good exchange for day trading), and my sole currency pair was BTC-LTC.

[layoutph]

Times like this, when Bitcoin is in the correction phase, you dont have to trade. As you will find your self in the negative profit situation. I guess the good time to trade is after the segwit. May be September 2017 onwards.

[carlfebz2]

Please only answer if you actively Day trade crypto (not holding). I'm curious to see how frequently crypto day traders actually trade. I will share my thoughts on the issue after getting some answers.

Also just to clarify, I'm counting any transaction as a trade. If you buy and sell something in one day, that is two transactions.

In my case I can say its all random since I do make trades on coins which I do really like to trade which means theres no fix transactions as long theres a bitcoin in my exchange wallet. I will find ways on trading some alts as long I do know I can make money and about the poll I choose up 8+ more since I do really behave on this way. Day trading is profitable as long you do know on what you are doing.

[mamaya]

I don't do very many trades because I wait for a good opportunity so its often just 1 or 2 when I see an unatural flash crash, that is I buy it up then sell it either that day or the next. On other days I don't daytrade.

[ktabb]

In my case I can say its all random since I do make trades on coins which I do really like to trade which means theres no fix transactions as long theres a bitcoin in my exchange wallet. I will find ways on trading some alts as long I do know I can make money and about the poll I choose up 8+ more since I do really behave on this way. Day trading is profitable as long you do know on what you are doing.

I think day trading can be profitable but only for a very, very, very small percentage of people. And just to clarify, by profitable I mean more profitable than holding. Also I think it is even less likely when trading crypto compared to trading stocks, futures, forex, or other assets where there are more concrete methods of determining value.

[ktabb]

I don't do very many trades because I wait for a good opportunity so its often just 1 or 2 when I see an unatural flash crash, that is I buy it up then sell it either that day or the next. On other days I don't daytrade.

Do you ever hold positions for multiple days/weeks/months though?

[carlfebz2]

In my case I can say its all random since I do make trades on coins which I do really like to trade which means theres no fix transactions as long theres a bitcoin in my exchange wallet. I will find ways on trading some alts as long I do know I can make money and about the poll I choose up 8+ more since I do really behave on this way. Day trading is profitable as long you do know on what you are doing.

I think day trading can be profitable but only for a very, very, very small percentage of people. And just to clarify, by profitable I mean more profitable than holding. Also I think it is even less likely when trading crypto compared to trading stocks, futures, forex, or other assets where there are more concrete methods of determining value.

There are lots of kind of traders and day traders isn't really simple at all but there are people could able to make money on that a short span of time. The word Profitable for me is you are on profits and not in negatives as long you see positive I consider it already and comparing them the profits on holding trades is really different but doesn't matter at all. Trading on Forex,stocks,commodities is really different compared on cryptoworld. Potential earnings would really be different and I can say forex is soo complex.

[jhenfelipe]

I don't think we have constant number of trades everyday. There are times that you'll choose to wait, meaning you'll have lesser transaction (I don't have exact no. to give, depends on my mood as well) while when the market is active you'll boost your no. of transaction (8+ for me in this one). I can't vote in the poll since there are changes everyday depending on the market activity.

As I mentioned in a previous comment, I recognize that people usually don't make the same, or even close to the same, number of trades every day, and it can vary greatly depending on market conditions. This is why I'm just asking for the average. For example, you might make 10 trades per day for 10 days and then 2 per day for another 10 days, so the average would be 6 trades per day.

Ahhh that being said I'll vote for 8+
I mostly go with the flow of an active market, so I'm making more than 8 transactions (both buy and sell) a day. If trades seem slow, I still make 2-4.