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Author Topic: how risky is day trading?  (Read 2159 times)
kuronokishi10
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December 11, 2017, 05:45:55 PM
 #1

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

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December 11, 2017, 05:58:33 PM
 #2

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

Its very risky nowadays because bitcoins value now are so volatile and very unpredictable, there will have a big pump and after a moment will be a big dump. Its more safe if you will just go for a long term trading and wait for your goal to reach for long term.
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December 11, 2017, 06:32:19 PM
 #3

I think day trading is very risky because bitcoin's value changes for time to time. It goes up, and also goes down (a little) on the same day. I think the best way is to wait. Buy bitcoin when its value is low, then sell it when its value rises. Also consider the % profit that you can get from it.
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December 11, 2017, 06:34:28 PM
 #4

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

ohh, I tried once and I don't want to try anymore Smiley you can loose a lot because you never know where price will go except if you have luck. This times are little tricky for trade except if you want to risk

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December 11, 2017, 06:34:33 PM
 #5

I would not recommend day trading unless you have a software to do it, or have a really big capital. It's just not worth the time and effort personally. Also, with fees for each trade, I don't see it being as profitable as just holding onto the coin long term. Highly unpredictable and requires a ton of luck and knowledge for it to be successful. I'd stay with investing.

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December 11, 2017, 06:40:32 PM
 #6

Every trading is risky because you are only speculating based on news , rumor and historical charts. Some times the chart will repeat itself  but will result to a different outcome than expected. That is how risky trading is. In day trading you are trading with short or medium time frame which always make difficult to get the best out of your trade. It is either you comeout of the trade so early or stay more than required thereby resulting to a loss.

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December 11, 2017, 06:45:08 PM
 #7

Day Trading from my experience is a time intensive process that is best done with larger amounts of capital. Likely the juice is not worth the squeeze if you get started with anything less than 20k that you are prepared to lose. The better option to look into would be swing trading and with everything seemingly going up these days you should do alright. One other thing to remember is that if you do trade into other cryptos please make sure you are calculating your gains in terms of BTC and NOT USD. Everything trades against BTC so you need to get a better return than hodling BTC. why trade your BTC for an ALT that you have to trade back for less BTC down the road.
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December 11, 2017, 06:49:12 PM
 #8

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

Its very risky nowadays because bitcoins value now are so volatile and very unpredictable, there will have a big pump and after a moment will be a big dump. Its more safe if you will just go for a long term trading and wait for your goal to reach for long term.

If you watch the trade you have opened and you have to watch the price changes always. That is enough to make the trading successful buddy. You will find the most profitable trade in bitrex site if you do your day trade that site.
Whatever the investment you are making you will be find a risk factor along with that but other then trading there are some investment option available here in the forum and outside to put your investment in the right path.

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December 11, 2017, 07:05:27 PM
 #9

Emotion is also a thing to consider when trading on a daily basis; people tend to watch graphs all day and could begin to make irrational decisions based on the smallest fluctuations in value. They could see a huge jackpot around the corner with a small uptrend or utter doom when the value of a certain coin goes down a bit. Don't know if this is a thing with all day-traders but it certainly played a role in my case. This is why I quitted day-trading and only change my assets on the market when significant changes occur.
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December 11, 2017, 07:09:01 PM
 #10

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

Right now volatility is pretty high when it comes to bitcoin and whenever there is higher volatility there is always a greater risk, however when there is higher volatility there is also the potential for greater rewards. As long as you are sensible with cutting your losses etc and not panicking you shouldn't ever lose a huge portion. By that I mean max 10-20%.

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December 11, 2017, 07:12:54 PM
 #11

If gambling is 10 on a risk scale 1-10 I would say trading is a 7, you can help the risk by studying the charts over and over again but you can really lose money fast with a few bad trades,and the time that it takes(very time consuming).
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December 11, 2017, 08:00:57 PM
 #12

I never tried to do it, because I don't want to risk my coins, but I confess that I'm quite curious about it. I know everyone says its very hard to day trade, but since crypto is so volatile, shouldn't it be easy? If I'm not mistaken when people day trade, they ask for very small variations in the price, so during an entire day, how is t possible for them not to get the price they are asking? Day traders are usually happy with 1% to 5% daily profit, doesn't bitcoin vary much more than this on any given day? So how hard can it be for them to trade somewhere in the middle, and get at list 1% profit variation.

I apologize if I'm saying something very stupid, like I said I never tried to, because I heard everyone saying it's very hard. I always get the impression that if people don't use stop losses, and just wait for the market to go their way eventually, they should at least get 1% profit, but I guess I'm wrong.

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December 11, 2017, 08:29:50 PM
 #13

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?
Honestly, trading is very risky especially in this period. Furthermore, the current value of bitcoin is very high. It's probably going to  continue along these lines and maybe there will be a big rise in the upcoming future. Even in this time I advise you to stop trading until there are solutions to overcome these difficulties. You can also replace trading with many jobs, for example signature campaign or freelance.
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December 11, 2017, 09:02:01 PM
 #14

Just don't let your emotions influence your investing desicions...
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December 12, 2017, 02:47:02 AM
 #15

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?
Daily trading in Bitcoin is very profitable in comparison with holding it.
the price spike is far enough to make people earn 10-30% daily profit.
Bitcoin's daily trading risk is when Bitcoin prices continue to rise and you're late to buy it.

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December 13, 2017, 04:04:22 AM
 #16

The level of the risk depend on the your strategy, if you have good risk management and good trading plan so the risk will be lower. Because now the price soar for the better doing short trade and take profit between 10%-30% and then wait again with patient to get deepest price. Dont be greedy and keep emotion will enable to gain consistent profit.

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December 13, 2017, 05:10:47 AM
 #17

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

You'll get loss if decides day trading at this moment, you should wait until next year ( Februari 2018 ) to start day trading with bitcoin. This December, bitcoin price has no significant move ( my opinion ) and get low volume. That's is not a good sign to replace money in trade/ invest, for safety you should wait. My analyze maybe different with others, I see from news to get the right moment to buy/ sell, so you can call me " speculation " person. Choice on you and have a nice day.

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December 13, 2017, 05:57:36 AM
 #18

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

From a couple of weeks, after crossing the five figure mark, Bitcoin prices have become unpredictable even for the most active of day traders. This comes with factors such as volatility which is pressing the price downwards while developments like Bitcoin futures which is pushing it upwards. With all of this and more in play, getting a estimate on the price of Bitcoin at a particular point of the day accurately becomes all the more difficult and could even lead to losses if utmost care is not taken while trading.


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December 13, 2017, 06:37:06 AM
 #19

Day trading in bitcoin, is quite profitable, but though risky because of the massive increase and decrease in price; one cannot really ascertain when it would either go up or come down. But embarking on a proper technical analysis, might be of help - to aid you know when to either buy or sell. But since the movement of bitcoin, is an upward trend, it is advisable to know when to enter a buy position.

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December 13, 2017, 06:42:13 AM
 #20

these days it is very risky coz market is not stable , and it has sharp up and down , it is like the ocion , when it is floody and stormy u better dont go fishing!

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