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Author Topic: I dont like daytrading  (Read 495 times)
Bonanzacoin
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December 07, 2017, 02:21:24 PM
 #1

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.
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December 07, 2017, 02:43:18 PM
 #2

Daytrading is for very skilled and those who have plenty of time or trading is their only occupation. Otherwise it's very hard to be successful and this type of trading is very risky although the profit could be great especialy when the situation on the market is like. I can understand the feeling that you have and daytrading might look very agressive but still it's the one of the most popular and profitable forms of trading.

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December 07, 2017, 02:58:11 PM
 #3

I pretty much had the same experience. I was making profit, but the profit wasn't much due to me being unskilled and it definitely wasn't worth it for me. The first few days I've done daytrading I was staring at graphs and charts with laser focus the whole day. At the end of each days I felt literally sick; like I was feeling dizzy and not far from throwing up. I don't think daytrading is healthy for me. Good for those people who can handle it though.

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December 07, 2017, 03:06:40 PM
 #4

Daily trading may be working for FIAT but it's dangerous in crypto. You can make huge profits as well as big loses given the fact how volatile crypto markets are.

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December 07, 2017, 03:09:15 PM
 #5

Well I tried it as well, I will tell you I'm not that a skilled trader, but I found day trading very profitable but very risky. That's why I seldom do it, I just do day trading if I feel like to. Just like in gambling, If I'm in a good mood and I'm feeling "lucky" then I'll go with it.

Yes, its not for all especially those who are very emotional and can't take to see that there are going to lose in just few minutes if they don't make the correct decisions.

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December 07, 2017, 03:11:50 PM
 #6

I also do not regularly trade candles daily because this is not sustainable due to the impact of many other factors. In addition to candlestick trading you need to understand technical analysis by chart to enter the order. This takes a lot of your time.

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December 07, 2017, 03:12:32 PM
 #7

I'd say daytrading is very annoying, especially when you have to take high risks and end up bad. True that daytrading is like exploiting Bitcoin, that's why daytrading is a nicer term that we all use. Smiley  Roll Eyes Well, just hold on to your Bitcoins instead, if you respect and see its potential. No need to care about all the trouble of daytrading, just sit back and relax with your coins! Cheesy

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December 07, 2017, 03:16:52 PM
 #8

It doesn't really doing daytrading means not standing for that particular coin. If you really believe in that coin then do long term. In my opinion, daytrading (as we know) is simply just taking advantage of the price swings and standing behind that coins is a other context to talk about.

For me, daytrading is time consuming and I don't have time since I have a lot of stuffs going on nowadays.

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December 07, 2017, 03:31:59 PM
 #9

I think this means that you have passion and love for crypto and it's good. Cryptoworld needs people like you.

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December 07, 2017, 03:41:25 PM
 #10

Day trading is not good to make profit you can spend a lot of fee and you should invest a lot in order to make a good profit in day trading..
My suggestion better to trade weekly or monthly because you can see a large different movement every week or monthly trading.. like right now if you trade with bitcoin and you trading daily with bitcoin you will just lose opportunity to make a good profit because the price is continues increase..
So better to give time to hold before you sell them in the right time..

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December 07, 2017, 03:42:27 PM
 #11

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.
Everyone has their own opinions. If I honestly say that trading is a very important thing because for me trading has given a lot of income.

You should get the motivation that Trading can get you a very profitable job, compared to other jobs I think Trading is the best. We can do Trading wherever we are and whenever we are ready. This should be used better, I take some decisions and in the end the decision I make is the right choice. That is a result we can get, let's work hard and regard every day as an opportunity to get what we want (all through our Trading decisions).

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December 07, 2017, 03:51:55 PM
 #12

The sad truth is, many people buy and hold cryptocurrencies as a store of value. Massive adoption was possible primarily because of the attraction to huge gains. This is hard on our coins because people's hands are very shaky this way. Just a tiny bit of news will either send the value rocketing sky high or plummeting to the ground. Thats just how it is until more real world dapps are built on blockchains.
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December 07, 2017, 03:59:44 PM
 #13

sure it depend on the choice of every person if you don't like day trading it means you like holding trading which is very good than day trading because holding trading have negligible risk and more possibility of earning profit but the rate of profit is low as compare to day trading while day trading have very high risk.

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December 07, 2017, 04:03:20 PM
 #14

Daytrading is for very skilled and those who have plenty of time or trading is their only occupation. Otherwise it's very hard to be successful and this type of trading is very risky although the profit could be great especialy when the situation on the market is like. I can understand the feeling that you have and daytrading might look very agressive but still it's the one of the most popular and profitable forms of trading.
Yeah, and a lot of daytraders--in stocks, too--go completely bust.  That's because no one can predict what the market is going to do, even though you can make money by following trends.   But bitcoin? All the big money is being made by just frigging holding it!  Take your chances with ICOs and shitcoins, but look how much you could have made just buying-and-holding a couple of months ago.  It's astonishing.   

I've traded shitcoins in the past, and it's fun because it's gambling, but it's stressful and I couldn't sleep.   Fuck that.
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December 07, 2017, 04:03:49 PM
 #15

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.

It is not bad feel for all the traders bro. If you fine bidding your trade value as per the value expected you will find the huge amount of fund in returns for just monitoring the price movement alone. If you don't do that you cannot expect the return amount like that. Closely watching price chart is done by the all the traders. You have to put up the bitcoin and other altcoins that will go further when the value changes on the multiple currency.

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December 07, 2017, 04:07:21 PM
 #16

Yes, I agree with you, I was daytrader and it takes a lot of time and I do not have much time for me. You have to trade a lot and do a lot of technical analysts + research on the coins. It's very stressful but in the long run it's not as profitable as the long-term trader, because just by taking Bitcoin you still earn a lot of profit by doing nothing


      
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Adykingcity
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December 07, 2017, 04:10:07 PM
 #17

i prefer choose long term investment for sure altcoins, but for unsure altcoin, i use daily trading technique when some altcoin being pump. need to be remember when you're doing daily trading: Do not be greedy to set sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you are absolutely sure.

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TeamUpcoin
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December 07, 2017, 04:12:40 PM
 #18

I kinda like day trading; however the reverse side of it is not being able to get away from the graphs and the prices constantly moving.

It's better to trade by the targets and not trying to catch the local dips and sell the highs.
Kr-sama
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December 07, 2017, 04:14:48 PM
 #19

Even though much profit can be made. And i did a bit. But truth is... i dont like it. It gives me a weird unpleasant feeling. Because to me its just swapping air if all u buy and sell for is money. I love crypto and to me it feels like daytrading is raping it. Ur not really standing behind the idea and product anymore. Im not hating on daytraders or anything. Just doesnt seem my thing. I allways had the same in poker, taking lunchmoney and the game is what its about to me. Whenever i played higher stakes it just didnt felt right and even when i won a nice bit it even depressed me.
I know that feeling dude. I too have tried daytrading. Even though I made some decent profit, I just feel like it wasn't my thing. It's not for me. I would rather just invest on a coin and then hold it for a long time than risk my investment while feeling this kind of uncertainty. Daytrading isn't for everyone. You just have to find a more suitable way of earning profit for you.

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December 07, 2017, 04:25:32 PM
 #20

Day trading is the reason why the value has shoot up insanely and you can't argue the fact that it's the source of everything exciting about bitcoin nowadays. The "concept" would remain unheard of if not for the value that was driven by most day traders today. Bitcoin would remain circulating within a network of geeks if not for these day traders who helped it become popular and mainstream. You might think that it's (day trading) unethical in some way but if you think of it deeper you'll see that it actually helped bitcoin gain traction over the years.

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