day trading effective?

[richcorner100]

I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.

[alfs75]

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Actually day trading i think is risky,and needed much time to spend and always following the exchange trading in the market either its pump or dump,for me this kind of strategy is wasted time and effort,because in the end you are the looser because  its gives you more anxiety in your investment and at the same time its can affect your physical health that maybe can turn to you in depression when always monitoring the exchange market.

[BlackPanda]

I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.

Yes it all depends on the skills and experience we have, no one can ensure the effectiveness of trading actions that we do except the knowledge we have. In addition that patience can also be a decisive factor of our success in performing any trading actions that we do. So Experience, skill and knowledge become a thing that will determine what we will get. Without these three things then we can not get anything, Trading is like a very difficult thing for some people, but for some smart people then Trading is an easy thing to gain profit.
Be a smart person (knowledge and emotional control) because then you can achieve the dream you want.

[mornabo]

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Even if the whole market is red you can still trade with it just by buying it. Even if its called day trading it doesn't mean you have to earn that day, you don't necessarily need to buy and sell sometimes you can wait a day r two to take profit as there are days where you buy snd there are days where you sell. Or if you cannot stomach the market being red you can always stop trading and wait until the market is on a up trend. But to tell you the truth you can still profit from cryptocurrencies even if they are on a down trend.

although downtrend happen does not mean the price will continue to fall without the slightest increase in price. down trend happens but the price still will rise slightly but of course the increase is quite small, that's why day trading is very risky, because you have to profit from a small possibility, then you also have to have big capital, day trading is not always sell in the same day , when the price drops, you can leave it for a while and look for other coins for other trades

[shone08]

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Actually day trading i think is risky,and needed much time to spend and always following the exchange trading in the market either its pump or dump,for me this kind of strategy is wasted time and effort,because in the end you are the looser because  its gives you more anxiety in your investment and at the same time its can affect your physical health that maybe can turn to you in depression when always monitoring the exchange market.

Day trading or long term trading are both risky because we cannot know when the price going to up or down In the casd of day trading you need a lot of experiense to earn a good amount of profit because if your moves going wrong your capital will be lose in a short period of time and also you need a lot time for monitoring the market.

[Cryptoipad]

The day to day trading effective of exchange in business market .the trading analysis are involving in mining industry and government organizations that provide information about this trading discussion.Yet, many price action trading setups are not simple at all, requiring interpretation of complex and subjective chart formations.the day of trading density increasing the sharing money of trading maketting systems.

[dumble1]

If price will sharply go down you will always loose a lot of money

[okissabam]

Actually that's what day trading do, and it is very effective. I tried day trading once before when my schedule wasn't that busy. What I did was I bought a certain coin when its price was low, and I found a telegram group that gives you hints (not available now) on which coin would possibly increase and mainly because there are news about the coin which makes its price go higher after (no specific time or date though). So what I do is I wait until the price goes up and sell the coin once it reaches a certain amount I am targeting; but if it goes down I buy them twice the amount I bought it at first. That's the risky part because you always wait for the right moment when the coin pumps or dumps.

[Layonk]

it can be profitable if you know what you are doing. otherwise if you are just playing around and buying things wishing they go up instead of really making educated trades, then it can not be profitable for you.
for example when you say "the whole market is red" it means you are not seeing the market because even during the "red" times there are opportunities to make money. for instance in the past couple of days DigixDAO was pumped and gave a nice profit although everything was red. so did at least half a dozen other altcoins. and that is ho you day trade in altcoin market, you find these coins with a pump coming and invest in them and dump as soon as you are satisfied with the profit.

Sometime being a people who understand how to make money in red market is quite difficult.
Not all people can do it. To be honest, i am worry to trade when the market all red. I normally trade when the price sideway.

[Omega Weapon]

it can be profitable if you know what you are doing. otherwise if you are just playing around and buying things wishing they go up instead of really making educated trades, then it can not be profitable for you.
for example when you say "the whole market is red" it means you are not seeing the market because even during the "red" times there are opportunities to make money. for instance in the past couple of days DigixDAO was pumped and gave a nice profit although everything was red. so did at least half a dozen other altcoins. and that is ho you day trade in altcoin market, you find these coins with a pump coming and invest in them and dump as soon as you are satisfied with the profit.

Yes the market always offers some possibilities to make money no matter the circumstances but it is not for the lazy, if you want to earn a lot of money then you need to go and look for the opportunities, in a way it is very similar to investing in the right coin, where you need to look through dozens of projects to find a good coin, you need to do the same with trading, you need to look at many charts and find the best coin to trade for that day.

[betetakjelas]

day trading is evective if you know what you are doing, day trading has a big risk if you take the wrong steps then you will lose

[greenclub09]

to my opinion, day trading is a very effective way to earn fast money and can earn money everyday, just need knowledge about trading first then you can earn so much more from trading, but that should be the professional traders, because a trader without any knowledge about trading is only loose in this market.

[OnnoTunes]

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

It's for sure profitable to day trade. Instead of holding you sell and buy to improve your position and BTC count. But it's risky of course.

[Slow death]

You asked a lot of questions, I'll try to answer those questions, but before that... do not think everything is easy, because it's not easy.

effective for profits?

yes it has profits, but this will depend on the currency and the value that you are doing trade and your strategy.

impossible when whole market red ?

dude, you're going to have profits regardless of whether the market is red or green, you just need to know the technical analysis and have some strategies

on videos seems to watch the candle charts?
and hold a red and buy asap to a green?

let us suppose the following:

you bought ETH when the price was $700 with a 10% drop (in this case it's in the red) then the price falls even more, the ETH price drops to  $650, and after 2 days it recovers to  $675 with a growth of 5% (  it's green )... then you will sell because it is in the green? If you sell you will get losses. This to say that you can only sell when you have a profit.

do u recommend. ? if one has the time?

I do not recommend it if you do not have much knowledge and experience. buy and hold for a long time that you will get high profits

[litepresence]

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

I am a part time trader i dont have such a exposure of day trading. But i fell trading needs a good analyzing characteristics which needs both patience and also the fast decision making characteristics because the cryptocurrency value are unpredictable whether it may rise up or fall down so we should make a sound decision whether to sell or hold. So it doesn't deal with day trading or part time trading it is all based upon the individuals capacity.

[TravelMug]

I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.

Yes it all depends on the skills and experience we have, no one can ensure the effectiveness of trading actions that we do except the knowledge we have. In addition that patience can also be a decisive factor of our success in performing any trading actions that we do. So Experience, skill and knowledge become a thing that will determine what we will get. Without these three things then we can not get anything, Trading is like a very difficult thing for some people, but for some smart people then Trading is an easy thing to gain profit.
Be a smart person (knowledge and emotional control) because then you can achieve the dream you want.

Yes, for beginners it will be really difficult. But hey, if you really wanted to earn huge amount I think it will be good if you take the risk and see how it goes for you. If you feel though that its really hard and difficult then go back to the basics, just buy in dips and then just hold for long term.

But for those who wants thrill and excitement, then day trading will be a perfect fit. It similar to gambling but it will really turn on your favor unlike gambling that you will eventually lose at the end. Day trading will give you that kind of adrenaline rush and then you will become addicted to it. Lol.

[bitChipper]

depends on what you mean by day trading

from my experience scalping is very hard because these markets tend to swing so fast out of the range that you are scalping in

I have tried using MACD and MFI as a strategy and sometimes it does work

Look on youtube MACD and MFI day trading strategy to get an idea on how to use indicators to trade. Good luck

[yvesp110]

I did it and not efective for me because iam not patient for wait best entry point, and day trading too consuming time and sometimes i can not sleep to analysis the market. Effective or no, this is depend on the skill and strategy each trader.

Not best for you then, but I have seen amazing people who becomes expert for day trading. They can sense the market loops and thus invest exactly as it suits them and earn amazing profits as well. But definitely like you, many other people have failed in day trading. This require much commitment and attention that is hardly provided by everyone. Go for the thing that suits you more.

[Reid]

It works.
I earned .001 bitcoin at my first day trade and that was just for trial purposes. I dont want anyone teaching me about this and that so what the heck, tested it myself. Win or lose I wont care, I just need that experience.
But that worked out and got me a little profit, although there are really instances where I lose. It is part of day trade.
Take the loss then move on.

[raven7886]

it can be profitable if you know what you are doing. otherwise if you are just playing around and buying things wishing they go up instead of really making educated trades, then it can not be profitable for you.
for example when you say "the whole market is red" it means you are not seeing the market because even during the "red" times there are opportunities to make money. for instance in the past couple of days DigixDAO was pumped and gave a nice profit although everything was red. so did at least half a dozen other altcoins. and that is ho you day trade in altcoin market, you find these coins with a pump coming and invest in them and dump as soon as you are satisfied with the profit.

It can really be very profitable but can also be very risky and stressful. Someone with emotion cannot day trade, even though it is normal too see those emotion rush in few days after you have started with some knowledge you have gained, but one thing about it is that, you have to be very smart and calculative with your indicators, or else, you will be making bad decisions and end up losing a lot of your funds.

There is so much to daytrading that makes it profitable but it requires a lot of knowledge, good level of perception and ability to make good and fast decisions, which makes it risky. However, with more experience, a day trader always gets better. This is done mostly by taking advantage of the daily or few hours’ fluctuation in the market and having huge gains on that but it requires time too.