how risky is day trading?

[seramania]

trading bitcoin I think it is high risk but also has a high profit. so be careful to determine when to buy and when to sell to avoid losses. currently the price of bitcoin is greatly down perhaps because of the always bad news about bitcoin

when we are going to trade we should be able to see the development of coin prices and chart movement from day to day. because the risk of trading is so high that analyzing and looking at a coin is our job that we must understand every time.

[1715097664]

1715097664

[1715097664]

1715097664

[1715097664]

1715097664

[1715097664]

1715097664

[crypt0heaven]

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?

Depends when you get into the market. If you enter because you fomo and chase a train you will surely have some huge risk associated with it.

[reymartH]

How risky depends upon the stakes and how many of your dollars you are willing to put at risk. The average individual investor does not have the money, the time or even the energy or temperament to earn money in this manner and to risk the huge losses that can accompany day trading. First of all day traders often suffer devastating financial losses during the first few months of trying it out. What this means is that they are forced to bow out before they can reach the point where they will see profit coming from their day trading activities.

[iMark]

trading bitcoin I think it is high risk but also has a high profit. so be careful to determine when to buy and when to sell to avoid losses. currently the price of bitcoin is greatly down perhaps because of the always bad news about bitcoin

when we are going to trade we should be able to see the development of coin prices and chart movement from day to day. because the risk of trading is so high that analyzing and looking at a coin is our job that we must understand every time.

Therefore we are required to have a high knowledge of the crypto market and the skills to read or analyze a coin in the market, it is necessary for someone who wants to daytrading. daytrading pose a big risk because the price changes very quickly and allows you to lose if you are not good in analyzing coin market prices, for example if you are not good at getting to analysis you could buy a coin at a high price and just after you buy the price down? that's the risk that I mean, you have to be good at reading the chart of a coin in the market

[tatum506]

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 today the market has begun to turn up again, bitcoin has started to increase I think bitcoin will be worth $ 15000 in the next few days, now bitcoin is priced at more than $ 11400 and still rising momentum I think this is a good time to trade, but you should be cautious because the market is constantly changing. You need to constantly monitor the market and collect information.

[ricardopb]

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

most day traders lose money.
https://www.thebalance.com/why-do-forex-traders-lose-money-1344936

Not only that... Even if you gain money because you were going to win due to the fact that you were investing in a market while it was going up, you might end up not gaining as much as you would holding ( that happened to me)
Most of the increase happens in just a small portion of the days. If you miss out on your trades, you will lose a lot of money that you would gain holding long term.

[jundel]

Short term trading alone is a high risk which cannot be predicted. Long term is better nowadays but in months bitcoin might pump up. You people might go short term trading when it comes.

[Saichoukyushin]

How risky depends upon the stakes and how many of your dollars you are willing to put at risk. The average individual investor does not have the money, the time or even the energy or temperament to earn money in this manner and to risk the huge losses that can accompany day trading. First of all day traders often suffer devastating financial losses during the first few months of trying it out. What this means is that they are forced to bow out before they can reach the point where they will see profit coming from their day trading activities.

Subsequently the risk is upon your investment but the majority of day trading is a very high risk since you have to jump in the whales and make a movements based on their wants to manipulate a price or simply in a high volatile altcoins that has an pump and dump movements. Its risk is being between those whales and without getting out with a minute to minute trades.

[Jerzzz]

day trading is good but you need to focus on just because the price of coins or token changes dramatically and you will earn at least as good as that if you know the strategy and movements of token or coins that hold you to feel good when you earn even short of short trade.

[cepedacharles]

Day trading is very risky if don't have any risk management and trading plan. More over trading altcoin that paired with BTC, we should analysis 2 price action, price of Bitcoin and altcoin. Beside that we should have full time to analysis both price. So my opinion if dont have any skill and enough time much better hold for long term of some coin that has strong in fundamental so the profit can be bigger.

[icalical]

Day trading is very tough, especially in crypto currency. Either you put so much time and effort in it, or you put a huge amount of money. You may learn a lot of technical analysis and put enough money to the exchanger. Or spent more than $50k to join trading channel and as a capital.
In my opinion money management is the key. Because the risk is very high no matter how careful you are. But of course the income will be high too, if you do it right.

[greenbitsgm]

Trading in cryptos is really risky because of the high volatility of coins which can fluctuate anytime.But in my opinion,day trading is less risky and more profitable than long term trading because when you do day trading,you are really active and always monitoring the market or the coin movement in hourly basis,which means you have a better chance of analysing the market and can have a good idea of which coin has the potential to pump so you can easily make decision at that moment to sell it outright for a good profit.In other words with day trading you can easily gain profit at the moment your coins gain while in long term trading you have to wait and no idea at all of whether the coin is doing good or not

[Rashid555]

I think the trading is good but not for the new comers because if you trade other paper money or digital currency for this all the market knowledge is necessary because when you become trade then you will come across the profit or may loss. The day trading is good but the necessary information is required.

[wilberthh]

In my opinion everything in trading is risky, but day trading is the most risky one. You might succeed in the short term but i bet 100% it won't for long term. Unless you got yourself a decent pump and dump group or an insider from a secret group lol.

Honestly, I think we should consider trading as a long term investment, and not a quick get-rich in one day scheme. People losing millions of dollars because of day trading also. I know, losing value is sucks, but please think for the long term. The losses would be nothing compared to the profit at last.

[millgates]

Day trading is very risky if don't have any risk management and trading plan. More over trading altcoin that paired with BTC, we should analysis 2 price action, price of Bitcoin and altcoin. Beside that we should have full time to analysis both price. So my opinion if dont have any skill and enough time much better hold for long term of some coin that has strong in fundamental so the profit can be bigger.

There is no time to make analysis or observation. I think day trading is just like gambling, we need to put big capital for day trading which will give bad impacts for our psychology in trading. We better invest in ICO, or create passive income.

[mware]

Day trading is high risk. There are so many reasons, but if I had to pick one, i would to say them too afraid to buy when a stock declines because they fear it might fall further.

[karungbitcoin]

Day trading need more skilled and more time than longterm trading and will be more risky than longterm hold, because in day trading we take smaller profit and if the price ATH and bullish run we will miss big profit because too early sell. And when we are in loss we should be cut loss it to reduce loss, but amount of percentace loss and profit not to much different.

[Borisb52]

Day trading has certain risks. You need to manage your risk management. You must establish your percentage of risk in day trading. If you bought a coin and instead of growth it began to fall, then you must determine the% drop on which you will sell the coin and not earn even more minus. Usually this is 5-10% of the purchase price.

[CarnagexD]

If we want to determine the level of risk we could take on settling a day trading as a form or way  on earning, we should need to have a systematic way on dealing to find a capital or a source of cryptocurrency we choose to trade. Day trading is quite aligned to forex trading but it could actually be a good investment if we are going to deal with it with used of bitcoin or any other form of cryptocurrency because the market and stock movement bitcoin is much faster and more dependent on the changes on transactions. But we should also keep in mind that learning process is always a must to lessen the risk we might take in all form of investments and trading.

[Bloopran5679]

In my opinion, day trading doesn't have that much gain especially for those who are not willing to make risky moves... I would rather go for position trading....