how risky is day trading?

[serjent05]

Day trading is really risky but If  a person knows what he is doing then I think it can really give the trader a good amount of profit in a very short time.  I have been doing this and somehow I managed to gain some earnings from this.  It is best to choose a cryptoccurrency  that is really fluctuating wild, with this ride, we can double our holdig by simply buying low and selling high, rince and repeat. Though it is more safer to just hodle and wait for your target price and sell.

[Theb]

It is risky because you dont really know the person who were you trading but you have to becareful and wise.

Trading is not that much risky but it really depends on the person who is trading. If he is willing to take a little risk then surely great results are coming along the way. If you don’t take much risk, believe me you wouldn’t be getting any better profit for you’re trading or investment. So better is to learn well and then have some guts for taking better risks for better results.

It's not about the person who can stomach the risk of losing in trading because you might take risks in your trades but sometimes that risk is really not worth it. Trading is actually about your plan or strategy involve on how you will lessen that risk and at the same time maximize your reward. There are calculated risk where the odds are on your side. I first thought that taking risks is enough, but I learned it the hard way as some risk are really not meant to be taken resulting me to lose my hard earned cash.

[otol55]

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?

trading today is very risky but if we find the right moment the situation like this is very profitable because we can buy some coins with the lowest price and sell it back when the price is normal.

[Jombitt]

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?

All i can say it is more risky than a long term trading,  bitcoin value now is very unpredictable and nobody can tell if hes price going up or going down. It takes a lot more patience once your trade is on a losing side, so its a very very risky trading.

[icoDealDeckcom]

Day trading is really risky but If  a person knows what he is doing then I think it can really give the trader a good amount of profit in a very short time.  I have been doing this and somehow I managed to gain some earnings from this.  It is best to choose a cryptoccurrency  that is really fluctuating wild, with this ride, we can double our holdig by simply buying low and selling high, rince and repeat. Though it is more safer to just hodle and wait for your target price and sell.

I do not know about you, but my experience is that no exchange is reliable enough to trust completing a fair and quick transaction. Not having good tools makes day trading very nerve racking.

[icoDealDeckcom]

You will have the chance to gain some as much as you also have the chance to lose a lot of money if you make the slightest mistake. Day Trading is THAT risky.

One wrong move then you're dead.
If you don't have good skills and knowledge just stay from this. Do this when you're equip enough for this so you can profit good.
For now the least you can do is buy and hold and wait your profit comes towards you.

Be sure to diversify. Not all eggs in one basket. You only need One Trade that gives you 2x against ten possible bad trades that you stop loss at 10%.

[Rana590]

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?

All i can say it is more risky than a long term trading,  bitcoin value now is very unpredictable and nobody can tell if hes price going up or going down. It takes a lot more patience once your trade is on a losing side, so its a very very risky trading.

Yeah, bitcoin price is now unpredictable and it is major problem for day traders. They can't predict on trade price. But i think a day trader also can make profit till now if he trade with 1%-5% profit. Just need more conscious and enough experience.

[mustbaro]

I think, day trading has the same risk with longterm trading but just gain very little profit. So, it's dangerous because it's the same as feeding a shark to get anchovies in the ocean.

[FostTheGreat]

Always remember to put a stop loss.

But the market is very unstable atm. First you think your entry was perfect the next thing the coin dumps.

Long term trading is better. Higher reward.

[Tamim121]

Because of unpredictable bitcoin price, it is a big problem for day traders. Now It is hard to predict on trade price. But now a day trader also get profit if he have enough experience and know all the rules of trading.

[qiman]

There are many variables to consider when we are trading digital currencies because if you are trading coins pegged to Bitcoin and the Bitcoin price has some sharp falls or gains, then your price predictions for a specific currency and your chart reading may not be accurate and you could lose or win big. We can only try our best to minimize risks and set certain parameters for buying and selling, along with having a calm mind and also being patient. Sometimes though we need to initiate small losses in order not to lose in a big way, or take shorter gains to minimize risk.

[ngacengan]

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?

this is very risky, because you can get stuck in the high price and the profit you earn less than your monthly trading, because if your daily trading will be cut with admin fees for trading when you buy and sell the coin you buy.

[Jrein23]

Its very very risky. You can either have a big profit or have a big loss at the end. Although its a bit risky than holding, it is still considered as very profitable than any of the other techniques.

[Kupid002]

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?

trading today is very risky but if we find the right moment the situation like this is very profitable because we can buy some coins with the lowest price and sell it back when the price is normal.

there is always a right timing for where you are able to take the opportunity of where you are able to take the risk, yes it may look hard but taking this may help you to gain profit that is why you are taking trading cause you are able to take all the risk of it.

[aencarnaci]

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.

If you have big capital, the best thing to even do is to trade based on signals and trends. Following trends has really helped me personally to get a lot of profit and then make good trades. I do not fancy day trading, whether you have big money or not as that is a lot to take in and your big wallet is not even going to save you with the level of market volatility.

[bhadz]

Its very very risky. You can either have a big profit or have a big loss at the end. Although its a bit risky than holding, it is still considered as very profitable than any of the other techniques.

It's risky if you don't do it everyday or you don't have practice of doing that and you are still lack of experience but if you'll not going to try it then you can't gain experience. There are lucky traders who are earning more than their daily office rate with a single trade by doing day trading. Everything that you'll have chance of making money has the risk and it's up to you on how you'll take it.

[manismanja]

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 daily trading is very risky when the price has been in high numbers then you can at any time get stuck in the high price.

[Partizanai]

Its very very risky. You can either have a big profit or have a big loss at the end. Although its a bit risky than holding, it is still considered as very profitable than any of the other techniques.

from my personal experience day trading is way more risky than holding, for the first months of day trading i mosty lost on trades, but recovered all my funds by holding. Now i have learn a lot of lesson of day trading and now i mostly end up with profit, occasionally a loss.

[Borisb52]

The market of crypto-currencies is initially risks. You can lose both on a trade within a day and on a long-term investment. When trading within a day, you must adhere to the risk of management. Otherwise, you can turn from an investor into an investor.

[HeroicZ1]

Very true. Day trading cryptos is similar to the risks of day trading in the stock market. High risk = high reward.