day trading effective?

[janvic31]

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?

This is usefull while you trades if the cryptocurrencies have bloodbath or dump the prices but consider you buy have a active and ask to other that known website is already have updating on website or announcement on any link provides team of project.

[vv181]

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.

I'm sure day trading is one level ahead in term of skill requirements from another type of trading. I've experienced being a day trader, and man, that's a hell lot of work. You really need to maximize your effectiveness and time management to successfully make a profitable trades.

[HolderLoo]

Income generated is considered effective for the trader. However, in day trader it is very difficult to generate high profit efficiency. It is even more risky for business in the crypto market. It's really not safe for new entrants to the crypto market, too many skills, analysis, grasp of falling points ... I'm not interested in day trading. It is more difficult than analyzing a football match.

[ipanks]

for now, I think day trading is still effective to make a profit although the profit depends on how much we could buy the coin and how much we want to sell the coin. but I admitted that to do this, we need to have the skill to analyze the coin movement for daily and maybe we need to change our indicator for a day or 1 hours to see the price movement. but still be careful to buy because the price could move so fast and makes us act with fast too.

[Maxmira]

Too volatile for day trading at present, although I think when the market shifts downwards bearish it's slightly easier toi predict than a bull run for day traders.

[hyet24]

You can make money no matter as long you don't stack too many on going trades.  I can say it's not easy if go into it just now.

Stuff like don't hold into positions very long and manage losses helps a lot.  I use Excel or Libre Office Calc to log in your trades.  I have tons of feeds to see how community feels from stocktwits, tradingview, google alerts, reddit, forums, news feeds from Cointelegraph and get some sort of ideas from people in twitter.    Trading can be extremely complex that's why Excel or Libre Office Calc is so important.   You can easily track like split trades into two, buying long or short.

I remember reading an article that you can't make money but just going long all the time.  You have to learn to short when you need to.

Example I had buy order at $11750
I take it same amount and sold it at $11400 and rebuy it at $10620.  While I'm waiting for $11750 to $10650.  

I been focus on shorting so much that I didn't need to close the trade at all.  I manage to profit even I close it at a loss around 10%.  

You have to imagine this.   If your under then think your trying to buy USD and sell it higher with your bitcoin.   Another thing don't put to many trades everyday because sometimes like trying ride like March 6th.   You have wait for more easier pattern.

I wish GDAX can allow selling and buy in USD.

I run two types of trade.   One that keeps profits in USD or one keeps profits in BTC.

[perfect999]

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.

When someone is attached with one process or asset, he must do his homework well. All the how and what should be known to you before practicing. This will help you to make a ground level for you where you can practice better. Many people just invest in defend coins at once and there have been no information for them. Definitely they would be encountered with losses.

[Wolfwar]

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.

When someone is attached with one process or asset, he must do his homework well. All the how and what should be known to you before practicing. This will help you to make a ground level for you where you can practice better. Many people just invest in defend coins at once and there have been no information for them. Definitely they would be encountered with losses.

clearly I am sure that only a personal presence in the market can give good results of trade. Of course, many people use the automatic approach to work and is even ready, but this will not have qualitative work.

[ricardobs]

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 can’t really tell, but based on my own experience I’d prefer both day and night, they are all the same. I don’t even think trading has a stopping time, it continues from day to night. Why I said that is because countries in the world doesn’t have the same time.

If it’s day in your country, it’s night in another country. So don’t expect trading to have a closing time, though some do have a closing time. But it’s not good, cause it won’t favor most countries.

[mega]

It is best opportunity can money as you want,Lucky are who can make full time for day trading because it need attention and keep eye on the market.According to fluctuation of market decisions can made.If you doing properly with stable coins it is effective and profit oriented you can earn alot more than your regular job.

[cheezcarls]

For experienced day traders who are making some profits there, I believe it is effective despite that the market is so unpredictable. Even if they are experienced in day trading, there are always risks involved.

However, for newbies and inexperienced traders like me, I think day trading isn't really worth. It's better for us to #HODL our coins/tokens till we see a bull run of BTC and other altcoins.

[justdimin]

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.

Really profitable and as profitable as it is, can also be very risky and stressful. It is just more like playing with the market fluctuations and getting the best from it, but you will have to be very smart, calculative and never get emotional by sticking with your strategy and knowing when to get out from a trade. Most times, there are indicators that can always be of help with day trading, but even with that, you will still need to be very fast in your decisions.

[Bitinity]

For experienced day traders who are making some profits there, I believe it is effective despite that the market is so unpredictable. Even if they are experienced in day trading, there are always risks involved.

However, for newbies and inexperienced traders like me, I think day trading isn't really worth. It's better for us to #HODL our coins/tokens till we see a bull run of BTC and other altcoins.

You are absolutely correct, effective or not is depending on who are doing it. We should not force ourselves to do day trading if we do not know how to do it effectively, as it might be very risky for us. Aside the risks, we also required to spend a lot of time in reading and monitoring the graphs which can be so confusing for beginners.

[Moiyah]

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.

When someone is attached with one process or asset, he must do his homework well. All the how and what should be known to you before practicing. This will help you to make a ground level for you where you can practice better. Many people just invest in defend coins at once and there have been no information for them. Definitely they would be encountered with losses.

Entering this kind of trading takes a lot of experience and knowledge. Insuffecient discipline when doing day trading will affect the flow of it and become unsuccessful. Somehow, failures  and downfall are the disadvantages in day trading.

[cryptoblue77]

Day-trading can be effective for an experienced traders. If you are not experienced, then you should avoid day-trading. Trading for a longer period of time would be profitable.

[zhekinsp]

Day trading is not effective as long term investment because we can't make huge money in day trading like can make by investing on long term.And it can be effective if you are very good skilled and experienced trader,not for the people who are just introduced to the crypto world.

[Aryancesarr]

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?

You have to be an experienced trader to trade on shorts. Newbie's shorts may cause a critical bank loses.

[Opekin]

Day trading is not effective as long term investment because we can't make huge money in day trading like can make by investing on long term.And it can be effective if you are very good skilled and experienced trader,not for the people who are just introduced to the crypto world.

For big players they can make a bucks of profits if you forget trading is a battle between pro trader and newbies. Margin trading is one of the big profits that a trader can won in the other hand the risk of it is high like the average in gambling and in some matters it was a skill based like ordinary trading of altcoins.

[Dreamchaser21]

Day trading is not effective as long term investment because we can't make huge money in day trading like can make by investing on long term.And it can be effective if you are very good skilled and experienced trader,not for the people who are just introduced to the crypto world.

Day trading really good for some experienced people because they know already what to do but if you are just new in this kind of market better not to take higher risk and always play on the safe side which is holding for long term. Day trading can be effective to some but not all traders able to sustain its profit.

[zhelis74]

Day trading is not effective as long term investment because we can't make huge money in day trading like can make by investing on long term.And it can be effective if you are very good skilled and experienced trader,not for the people who are just introduced to the crypto world.

Day trading really good for some experienced people because they know already what to do but if you are just new in this kind of market better not to take higher risk and always play on the safe side which is holding for long term. Day trading can be effective to some but not all traders able to sustain its profit.

Yes, the effectivity of a day trading is really depends on the skills of a trader and its experience towards handling tricky situation along the way of trading business. But for me, its good to buy many kinds of coin for us to have more chance of getting profit and most likely the saying to be slowly but surely, because the more coins we have then the bigger opportunity to have a good profit every day.