day trading effective?

[dark08]

yes, day trading effective for some profit.
because in day trading we are looking for only 1 or 2 percent profit which some times we earn easily.
and in red market use stoploss so we will not be in heavy risk

Day trading can only be effective for those people who have some good experience in trading otherwise id o not think that everyone can get profit from day trading as it is more risky as compare to long term investment.

Yes its right dont be enter to day trading if you have no experience in trafing industry it so risky like for example the situation of market right now are so irrelating because its continue to dump it you do a wrong move in day trading it can result of losing your money in a short period of time so limit your trading until the market recover.

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[jakelyson]

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?

Well I am doing it but I am not very good at it. I am still average in that regard. But I am still in profit in what I am doing. right now I am just concentrating in a handful of coins so I can concentrate and focus on them. Even when the market is down, you can still create opportunities to profit in trading.

[stadus]

yes, day trading effective for some profit.
because in day trading we are looking for only 1 or 2 percent profit which some times we earn easily.
and in red market use stoploss so we will not be in heavy risk

Day trading can only be effective for those people who have some good experience in trading otherwise id o not think that everyone can get profit from day trading as it is more risky as compare to long term investment.

Everyone can be a day trader but they have to think that it's not an easy journey, like you said, experience is necessary
and we have to earn that through time. Learning through experience effectively requires us to be open minded in order to fill our mind with more
relevant information that would help us along the way.

[Ryanpogi]

it's depend .. if you have a good day out of day trading why not. many have said that day trading is not good! but do not believe that much has been successful in Day trading. so do not take two minds. thanks ..

[slashz9]

it can be an advantage if you can see the opportunity, when the red market I think that's where your chances to take advantage. for example when the price of ETH up or market is going up you can swap your eth into usdt.
if you sell your eth for 1000 $ then tomorrow or next 3 days ETH price drops to 900 dollars you already benefit from the transaction, well this is just an example, estimate also fee and more.

[Coin12]

day trading will be very profitable if you know the trick to do it, usually I see the average value of a coin for a week then buy it when low and wait for the price to go up, controlling your ambition need here

Very profitable and its true but only for expert people who have very huge experience because they will know how to handle all the condition when we are in the same market. Not just talking behinf the market but do it in the front of market.

[ufaiz50]

In the red market you can see the price there must be some show increase even though according to percentage it is still red, even though red market there must be price change up so you should be able to take advantage of moment that might not be expected, for daily trade like me increase 1- 5% of the purchase price is enough for me especially if the market is red, there predictions are the main and you must know the middle price of the coin.

[DaveWave]

Take time to analyze and study the market. Just invest a little amount and give it a try accompanied with you research and study. Because soon you will find out which trading technique fits you best.

[ipanks]

day trading will be very profitable if you know the trick to do it, usually I see the average value of a coin for a week then buy it when low and wait for the price to go up, controlling your ambition need here

Very profitable and its true but only for expert people who have very huge experience because they will know how to handle all the condition when we are in the same market. Not just talking behinf the market but do it in the front of market.

and if we can learn to analyze what coin that has a good move in every day, I think we can also try to do day trading which in the market, there are many coins that will move. we need to know what coin that will move by looking at the history, the movement in each day, what is position in buy and sell order that is not yet filled and other things. although it needs more experience, I think it is worth to try to do day trading especially if we can make a profit even for just small percentage.

[white.raiden]

If you know what you are doing then day trading can be one of the most effective ways to earn a lot of money or increase your portfolio bitcoin wise.
But it takes a lot of time and training so it's not for everybody

[goldade]

Day trading can be very risky if you are not very careful however, it can be very profitable if you are skilled and very cautious of what you are doing.
Gaining these necessary skills is what actually takes  time because once you have these skills, then you are good to go. Taking time to analyze the market structure and deciding when and not to invest is what matters in day trading.

[enawati]

If you spend full times and you have good strategy and management of risk and money , day trading actually promising high profit, in the situation of market now day trading will more profitable than long term trading. I personality like day trading and continue to learn strategies to get consisten profit.

[hitrawal91]

Day trading is effective and it can be done with good planning and management if you are really passionate about day trading otherwise day trading can be a mess if you are doing just for practice purposes or time pass. Day trading involves a high amount of stress as it involves a number of trades to be managed per single day and for that, you need to be a proactive trader. Day trading needs high amount of care to be taken and you need to practise it a lot before doing it live, but once you master it you can really be a good trader.

[guoyu78]

very effective if you are smart to analyze the market, as we saw yesterday all the coins have a very drastic increase, on average up more than 10%, and see today they all back down almost 10%, but if you are smart to take advantage of the situation, you can get a very good profit

Day trading is no doubt very much effective thing to do and that it can definitely help you in so many ways in getting you an opportunity of living a happy living and that to have a better tomorrow as well. However, at the very same time, it is really very much difficult thing to handle it as well because you need to do the things in daily basis and that making a smart decision is the only way of your safe survival.

[amzadabir]

Want to get a long-term advantage from an investor's market that means positional trading. That he can usually buy a specific level of stock and keep as long as he wants to be 6 months, that is more than 1 year or more. Positional trading does not give you any type of exposure or limit, you have to trade your real investment. If you buy a stock in the market you get paid in T + 2 days that will get paid as I buy the shares on Monday on Wednesday in my demat account.
There is nothing to buy intermediate short Because if you work in Antar, you buy or sell shares.
Suppose if your acceptance is bullish, then you must buy shares at the lowest level and exit at high rates.

[Granxis]

Day trading is effective and it can be done with good planning and management if you are really passionate about day trading otherwise day trading can be a mess if you are doing just for practice purposes or time pass. Day trading involves a high amount of stress as it involves a number of trades to be managed per single day and for that, you need to be a proactive trader. Day trading needs high amount of care to be taken and you need to practise it a lot before doing it live, but once you master it you can really be a good trader.

Daily trading requires a lot of tracking and intelligence, which is not suitable for people without time. For this reason I always prefer long-term investments. If you have spare time, you can also earn from daily trading.

[bigink]

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.

Best response yet.

[flower1024]

Day trading is effective and it can be done with good planning and management if you are really passionate about day trading otherwise day trading can be a mess if you are doing just for practice purposes or time pass. Day trading involves a high amount of stress as it involves a number of trades to be managed per single day and for that, you need to be a proactive trader. Day trading needs high amount of care to be taken and you need to practise it a lot before doing it live, but once you master it you can really be a good trader.

Daily trading requires a lot of tracking and intelligence, which is not suitable for people without time. For this reason I always prefer long-term investments. If you have spare time, you can also earn from daily trading.

In day trading we need to spend a lot of time but sitting full day in front of the system and checking price status is not necessary. you can do day trading by doing your regular job. but every day regularly we have to check the status. if you know the market very well then you can make money in day trading.

[makolz26]

Day trading is effective and it can be done with good planning and management if you are really passionate about day trading otherwise day trading can be a mess if you are doing just for practice purposes or time pass. Day trading involves a high amount of stress as it involves a number of trades to be managed per single day and for that, you need to be a proactive trader. Day trading needs high amount of care to be taken and you need to practise it a lot before doing it live, but once you master it you can really be a good trader.

Daily trading requires a lot of tracking and intelligence, which is not suitable for people without time. For this reason I always prefer long-term investments. If you have spare time, you can also earn from daily trading.

In day trading we need to spend a lot of time but sitting full day in front of the system and checking price status is not necessary. you can do day trading by doing your regular job. but every day regularly we have to check the status. if you know the market very well then you can make money in day trading.

Daily trading is somehow effective for those people who have the guts to do it, where in they can render their full time service on it, they can watch the flow of the price, they have ample time read news and updates about the certain price, and day trading should also at least more capital.

[zokilnmet]

Everything is effective if you have an experience and perfect background, skills and so on. So the day trading is effective too.