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Author Topic: I dont like daytrading  (Read 490 times)
nydiacaskey01
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December 07, 2017, 05:01:34 PM
 #21

Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.

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December 07, 2017, 05:05:02 PM
 #22

Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.

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December 07, 2017, 05:28:59 PM
 #23

Quote
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 think this is not the way a crypto lover should think. You are completely normal guy with normal ambitions which are not seen in the crypto world really so you may wanna loose the things here. You can try poker in simple way and try to earn normal way.

Crypto trading or more specifically day trading is made for the people who can take the risk, a lot of risk and manage the time accordingly. They don't fear the losses they actually try to double it in first place when they are going to trade next time. So its better to select your type very keen way. Hopefully you will loose the trades because its not your type really after reading whatever you have to say.



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December 07, 2017, 05:51:43 PM
 #24

like it or not trading is a part and parcel of anything that has a value. it is not just things like gold, but currencies like USD, JPY,... are being day-traded and goods that we use daily are also being traded in a sense. it is inevitable for bitcoin and other altcoins.

i don't think it is necessarily a bad thing to trade bitcoin. or even day-trade it. but as long as trading, and profit does not overshadow the technology itself. and so far i don't see it doing that.

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December 07, 2017, 05:53:50 PM
 #25

Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
Day trading is the tension job I can't baer that tension. If you calm and take your loss also positively then this job is suited for you or else you will suffer in both financially and mentally. So before choosing day trading 1st, you prefer well and enter this field.

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December 07, 2017, 08:59:16 PM
 #26

I don't like it either, because whenever I try to trade, I always lose around 5-10% of my balance. That's why I always go for long term holding.
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December 07, 2017, 09:35:14 PM
 #27

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.

If you have income from other businesses is very reasonable, you will tend to choose productively without having to engage in complex analysis, such as gambling or mining, but if you become a daytrading

it will actually earn more. profit, but not binding because it requires analysis with a periodic time span. We recommend that you specify the work that suits your own convenience.

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December 07, 2017, 09:49:37 PM
 #28

i seldom to take this way as trading, midterm would be my favorite, because we didnt wait to long for holding time. just like what you said, daily trading is for expert trader, in a minute, you lost all your profit that you've been collected for a month.

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December 08, 2017, 02:47:19 AM
 #29

I do not mind trading on a daily basis, it is important to do your daily time planning correctly. Set a limit yourself, my recommendation is not quite right to go over 6 hours.



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December 08, 2017, 03:19:25 AM
 #30

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.
If you do not like it that is fine, I think those feelings come from the fact that trading and poker are zero sum games, in order for someone to make money someone else needs to lose, so that may be the reason you do not like any of those activities, but you are lucky even if day trading can give lots of profits, you can just buy bitcoin and hold and that is still one of the mos effective methods to make money and at the same time to show you have faith in the technology.

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December 08, 2017, 07:57:57 AM
 #31

Day trading is very difficult to get consistent profit because it requires skill, experience and also a good psychological like always patient and not greedy. In addition it also takes a full time so that we can get the maximum profit and also in order to reduce the losses immediately when wrong in the analysis by doing cut loss strategy. So longterm investment by hold some coin that has strong in fundamental I think will be promising more profit and less risk than day trading.

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December 08, 2017, 07:59:24 AM
 #32

Daytrading should be done with those people who have spent a lot of time making trading analysis , experienced a lot and get used to several disappointed result , so they will go for low but sure profit instead being greedy.

Otherwise i think daytrading style won't suitable and just make you get frustated.

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December 08, 2017, 08:10:30 AM
 #33

Daytrading should be done with those people who have spent a lot of time making trading analysis , experienced a lot and get used to several disappointed result , so they will go for low but sure profit instead being greedy.

Otherwise i think daytrading style won't suitable and just make you get frustated.
Well, its really important that you know what you are doing inside the exchange, people who can manage to anticipate certain changes between
the current value will short the trade and earned but like what you have said its experience that gives them knowledge on how to find what sign
that they can get to place their entry and exit zone.

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December 08, 2017, 08:35:29 AM
 #34

Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
I think there is no best source of income then daily trade because if you start online trade here first of all it don’t need such a big time to do and it’s also one of the fast and daily base income and I also personally like daily trade and my a lot of friends are also doing a daily trade here and believe me they earn a lot of money from it and now I’m also planning to start daily trade here because I’m sure I can also earn here same like my friends.

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December 08, 2017, 09:05:26 AM
 #35

yes i think so , day trading is just for skilled person , need much information to do that 
i ever try daytrading , and the end always same , get little profit then get big lose
i think for newbie is better to hold and sell .

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December 16, 2017, 06:29:16 AM
 #36

Trading is not for everybody. Day trading is not for every trader, its a whole new ball game when you step inside the world of day traders. They act fast, the decide fast. Day traders have to know how to control their emotions because a sudden dip can mean it will start to climb or continue to drop. Access to the trading platform should be within reach to see if any good opportunity is open.
Many people do not really understand how difficult is day trading, it is better for the beginner in trading to start slower, day trading is crazy, I have a friend that does that, and sometimes he looks like a maniac, clicking very fast and reading charts as fast as he can and opening and closing position in a matter of minutes just by looking at him I knew day trading was not for me.

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December 16, 2017, 06:53:12 AM
 #37

I do not mind trading on a daily basis, it is important to do your daily time planning correctly. Set a limit yourself, my recommendation is not quite right to go over 6 hours.

Very important to set a limit for ourselves because trading is obviously not a easy job and not everyone can manager to make profits. Especially with the volatility involved in the btc one can easily end up losing the money if the purchase is at high price and market crashes. Due to this many prefer to just hold btc so that in long term they may cash out the profits.

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December 16, 2017, 06:56:07 AM
 #38

Day trading needs to be monitored well especially if you decided to make this as your own source of income though there are too many day traders that I know that earning well and happy about it.

I'm not a day trader, what I do is just buy and sell it whenever I want, a part for long term and I also give a part for short term holding.

You need to dedicate enough time for this way of trading and if you aren't good with it. Just buy and hold.

.

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December 16, 2017, 10:56:29 AM
 #39

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..
I too think that day trading will not be much helpful particularly a far as bitcoin is concerned as its price is increasing continuously without frequent dips.So,it would be better to hold on a long term basis instead of day trading.It was once profitable when there were huge price swings which traders made use of to get profits.Usually day trading is done with very small profit margins but at the same time,trading fee must also be taken in to consideration.I think that OP does not like the concept of day trading which involves just buying and selling immediately and repeating it frequently through out the day.

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December 16, 2017, 11:58:16 AM
 #40

Same like me, I dont like day trade because need full time, good skill in technical analysis and good psikologis. For trader does not have all that thing much better doing swing trading, buy now and hold a few month and choosed coin that has strong in fundamental. This way can be promising big profit and less time to do it.

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