how risky is day trading?

[verdi-crypto]

How can it be risky? Just set a stop loss and get to the next trade.
It can be dangerous if you're not prepared for it, if you're too emotional or if you don't really know what you're doing. If that's the case, I suggest you learn how technical analysis works and develop a good system that you can apply to every trade. This way a loss won't be a burden, as long as things go according to your system

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[VikashSurin]

Day trading is very risky if are beginers and just start trading.it's very difficult to predict coin will how much or down nowadays. so i recommend long term trading.

[posi]

Day is not that risky at the moment bbecause the price of bitcoin surge almost everyday and the price of bitcoin usually bullish every new year which is the reason why people choose to hold instead of day trading. However, day trading is much better for someone who have more than enough money to put into crypto currency trading.

[Andrej Peiboski]

Actually, day trading - and much more scalping - is very rentable, due to high volatility.
Of course, you need to do a master of the game, because the risk of loss is extremely high.
If you are a beginner, stay away.

[cindygirl]

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?

Volatility is a day traders paradise and also their hell. Though volatility around a stable price is actually quite easy to manage. The difficulty is when markets are like the alt-coin market now, everything has shot up and a correction is coming, there's a huge amount of FOMO and also a huge amount of fear of holding when the correction comes. To put it in to context I've had some 10-20% swings many times the last few days in the space of 2-3 minutes or less.

[Yzhel]

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?

Volatility is a day traders paradise and also their hell. Though volatility around a stable price is actually quite easy to manage. The difficulty is when markets are like the alt-coin market now, everything has shot up and a correction is coming, there's a huge amount of FOMO and also a huge amount of fear of holding when the correction comes. To put it in to context I've had some 10-20% swings many times the last few days in the space of 2-3 minutes or less.

Yes that is right that is why emotion is very important in trading if we can't control it then say good bye to our investments. Unlike bitcoin, altcoins are unpredictable in their value so we need to focus at least every hour unless we will just invest in those who are highly profitable.

[LeChatNoir]

Wouldn´t really see it as riskier as before. You don´t have to do 1 BTC trades

[creeps]

Day trading is very risky if are beginers and just start trading.it's very difficult to predict coin will how much or down nowadays. so i recommend long term trading.

Long term trading is really advisable for all the newbie in this kind of market because it is less risk compare to day trading. Personally, I don’t want to do day trading because I believe in long term investing which is more profitable I think.

[YTBitcoin]

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?

Day trading is only risky for those beginners due to high volatility of cypto and will do panic selling when it is dropping, it is much more recommended to just hold for these guys but for professionals there is a only just a little risk these guys do not do panic selling they can control their emotions

I think nowadays people do not need to do day trade because the price of bitcoin is increasing much faster and in that anyone can lose their bitcoin in some fractions. In nowadays people have to wait for the time when the price continue to increase and when the price come to a stability and the fluctuations happen then they have to start trade.

[katinko]

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?

Day trading is only risky for those beginners due to high volatility of cypto and will do panic selling when it is dropping, it is much more recommended to just hold for these guys but for professionals there is a only just a little risk these guys do not do panic selling they can control their emotions

I think nowadays people do not need to do day trade because the price of bitcoin is increasing much faster and in that anyone can lose their bitcoin in some fractions. In nowadays people have to wait for the time when the price continue to increase and when the price come to a stability and the fluctuations happen then they have to start trade.

Using bitcoin to fiat trading is not risky, you only need is good timing because we are experiencing fast fluctuation of its value its hard to predict when value rising and or dumping.

Day trading is very risky because you are trading for less know coin that is why it will be base on your luck. I suggest to do long term than taking the risk for day trading.

[Supercrypt]

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 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

LOL. Anyone who has really had the experience will really not want to try it. There is no point day trading when you can just learn very well and just trade based on indicators signals.

I am not sure if there is anyone who has ever day traded and enjoy it as it can be extremely stressful and you can lose a lot in the process. I really do not have the mind to do such anyway so I just prefer to hold.

Trading is like the craziest thing to do right now. The market is so unstable and you may be trading now and before you know it the market is down and then you are breathing hard hoping it is not the road to the dip everyone has been expecting. It is best if you just hold these days or trade based on trend signals than day trading as you may end up getting burnt.

[Mystika]

I think it is not that risky, it is just you have to be very careful of where and to trade. There are a lot of trading sites that are scam so make sure you know it and also know when to trade so you will not be broke.

[Faruque312]

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.

I agree with you, bitcoin are going down now. Can bitcoin up again?? I mean can btc touch 20000/30000$ after January or before???

[yohaneshs]

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?

i think it's very unpredictable for altcoin these few day. For daily trader i think you must have a risk management to control your maximum profit and minimum lose.
Always has a risky in business but you can control it.

[Kingigolo]

In light of the current cryptocurrency price downturn it would be prudent to hodl and not daytrade. One stands to lose more than one would earn.

[Freezingel]

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?

Very risky especially in the bearish market right now, you can get easily rekt if you panic because the selling pressure. But if you are good then you can there's a lot of short opportunity in this kind of situation.

[Marrionbitcoin]

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?

Day trading is very risky because you can never predict if the price will still increase if you have already invested in Bitcoin or Altcoins. You cannot get the full potential earnings if you just buy then sell in a short term period. Also, the charges or fees are too high so you might ended up loss because of that. It is better to hold and wait until you reached your desired income. Sometimes the price is up or down but that is normal so don't be discourage about that but instead make a plans to buy if the price gets lower. Bitcoin is too big to fail so better to invest now.

[Goorobo]

To be a successful trader you need to remember only 1 rule: When people are greedy be fearful. When people are fearful be greedy.

[AK47-]

The way market is moving from last three months. No strategy was better than day trading. Day trading can usually earn 5%-50% return on coins and loss can be reduced by using stop loss at 1%-5%. ATM coins multiply in a day and get dumped the other day. In such circumstances day trading can help a lot in marking profits and reducing the loss percentage.

[JTEN18]

The way market is moving from last three months. No strategy was better than day trading. Day trading can usually earn 5%-50% return on coins and loss can be reduced by using stop loss at 1%-5%. ATM coins multiply in a day and get dumped the other day. In such circumstances day trading can help a lot in marking profits and reducing the loss percentage.

It is risky just like putting your money on a stock market, you cannot earn as much as you want when you are getting your investment whenever you want or just by doing daily trading, you have to at least hold it especially in bitcoin. Losing 5%-50% is not a normal thing, when that is happening to you then your strategy is not right.