day trading effective?

[worldtraveller321]

If one is to day trade, as the numbers do make noticeable changes hour by hour,
would you be making change, as in a buy or sell every hour, or would you be doing it by every few seconds?

[barbara44]

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.

Every trader has his own story of success or failure but the point is it is your skillset and strategy along with making the right decision at the right time which can help you in having some handsome amount of profit while doing trading.

You just need to manage your time in a way that you can do all the necessary things related to it well in time as day trading is really a hectic job to do.

[fanbeila]

Day trading has been always enjoyed by traders in altcoin market.It is actually useful here as this market is highly volatile.It was mostly used earlier by traders to make quick profits making use of quick fluctuations in price.Traders have to finish trades very quickly in lesser margins.But when the whole market turns red,then it would be very difficult for traders t make profits.Nowadays since bitcoin price has started to steady increase high,many day traders have just decided to buy and hold bitcoins instead of day trading and taking unwanted risks.

[gabmen]

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.

Every trader has his own story of success or failure but the point is it is your skillset and strategy along with making the right decision at the right time which can help you in having some handsome amount of profit while doing trading.

You just need to manage your time in a way that you can do all the necessary things related to it well in time as day trading is really a hectic job to do.

Yeah if it's a question of whether it's effective or not, there are many who've had success in day trading so it is effective. It just depends if you you have the skill to make it work for yourself. Many people lost a lot but may earned a fortune already.

[yanesna3]

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.

Sometimes, especially when the cryptomarket demonstrates the highest volatility, this is the best choice for a very experienced trader. yes, the risk is high, but you can earn fast.

[bluebird08]

No for me because it have a big risk to loose your some money
I would recommend a hodl trading

[IvyAguas]

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?

For me yes, since fluctuations each day have big margins doing day trading will somehow give enough profit, not for those greedy people who intent to earn big in an instant. Long term holding is still much better but for those who want instant and sure earnings day trading is good .

[Moiyah]

Not that easy to do day trading unless you were that expert in that field. Anyway, it is natural for a trader to pass through losses. It is not an ordinary trading because it is precarious and you must be that well educated and well experienced to enter day trading for it to be effective.

If you entered that kind of trading, it can be more emotional than other tradings. Pressure is also there.

However, some are get into this high-risk kind of trading because of that approach "get-rich-quick" which is essential and effective to others.

[kuah bakso]

I think it depends on the person doing because some people think this is a rape on the crypto but I personally do not care about it, as long as it does not break the rules then it can be done and I think day trading is effective

[aervin11]

I see day trading as a real profitable Job but as gambling, it offers the same risk. I see day trading profits when you have huge initial investments to trade just to create considerable amount of profits. I suggest to study first and do trial and error for small investments before considering profits for this or you'll just risk your money on the volatile market.

[hitrawal91]

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?

For doing the day trading in effective way, first of all, you should be requiring a good trade plan by which you could easily select some good tradeable coins. Then I would like to use both fundamental and technical analysis to enter my day trade position according to the market conditions and coin's potential. Then at last other than all this strategy I also follow event strategy where I use to enter my positions according to the big event which took place or going to take place in next 24 market hours. I follow this strategy for regular day trading with discipline.

[coolws]

From my point of view, traders by day often use computer to make decisions automatically. Before trading, they have a background of machine learning and economics especially for high frequency trading. Strategy is very important everywhere and you should patient enough to make investment.

[luffare]

Yes, when markets are in red you can't make money from day trading. But if you invest money on good coin on red-day then you can make profit when market start moving up.

Really? And what about shorting? Never heard?

[Crypto_trader87]

On day trading you have to fucos your time to watch your profolio all day but before of that you have to study the price of that coin for atleas one week to how deep if she goes down and how far in hight.

[Zadicar]

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?

For doing the day trading in effective way, first of all, you should be requiring a good trade plan by which you could easily select some good tradeable coins. Then I would like to use both fundamental and technical analysis to enter my day trade position according to the market conditions and coin's potential. Then at last other than all this strategy I also follow event strategy where I use to enter my positions according to the big event which took place or going to take place in next 24 market hours. I follow this strategy for regular day trading with discipline.

We do have different kind of set-up plans when it comes to day trading but in most scenarios or cases we do really make use of technical analysis with the combination of fundamentals with the mix of analysis and presumptions/intuitions will really make some advantage when it comes to day trading.It wont really be an easy thing but somehow can be handled if it would be done properly.

[akram143]

I think it depends on the person doing because some people think this is a rape on the crypto but I personally do not care about it, as long as it does not break the rules then it can be done and I think day trading is effective

I think bitcoin trading is a tricky job and trading is not an easy job and if you want to trade you need an big experience and good skills and intelligence one you have trained in experience you will definitely earn more .

[StonerSquirrel]

I think day trading can be profitable only if that is your ONLY job.

While day trading, you should always keep a close watch on your assets and their prices. You have to act quickly in case of an unprecented move. You should have alarms setup on your charts and be ready to be alerted 24/7 to take care of your trades.

I have a normal daytime job, and I have tried for some time to day trade while working. I ended up losing money, as I missed many good entries/exits while I was busy with work.

[mersal]

Day trading can help the people to earn money but it is not that much effective as holding because risk in day trading is very high and it needs time but the rewards will be less when compared to holding.

[Omnia Vanitas]

Day trading is very good for skilled people, but if you take is as a casino game it's not investing anymore, but just gambling.
And it will have the same results as gambling, that is you'll lose money.
So, take the time to learn technical analysis, develop a strategy and follow it.

[angrynerd88]

Yes,Day trading profitable in case if fully attentive with trade and eligible to handle trading as profession,Being successful trading skill are needed and educate yourself regarding trading,gain expertise of technical skills and able to control the emotion.It will help that how buy and sell at right time.