day trading effective?

[coolws]

Sure. you should spend much time reading charts and taking actions by daily trading. Also, not everyone is suitable for daily trading because it is full of maths and AI. Therefore, most people should read the whitepaper, then choose the potential one and hold this for a long term investment.

[Musstang]

Sure. you should spend much time reading charts and taking actions by daily trading. Also, not everyone is suitable for daily trading because it is full of maths and AI. Therefore, most people should read the whitepaper, then choose the potential one and hold this for a long term investment.

Where can I read? Also I think to get into this topic, but so far there is little experience.
I'm willing to spend a lot of time on this.

[marroxas]

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.

[star19]

I think day trading is a very effective for crypto currency. When crypto currency market is down on that time you must buy coin after sometime later when you see total market is pump then you sell your coin. If you follow this strategy you can must make a profit. So never mistake to buy this coin when crypto currency is dump.

[hajimasan]

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?

Personally I don't think that day trading is perfect type of trading Because with day trading we need lots of amount of the money because in day trading we always expect minimum amount of % of profit like 1-5% maximum .
So I would like to suggest you to not go with the day trading but still if you want to go with the day trading then surely you should make sure that you will go with the full risk and you are under the condition of the stable market ( not going with the big dump ) .
And another thing is that if you can find better better telegram channels where you can find about those coins which will be ready to pump by the group of the people ( if you can participate in the pump then you will be able to make big if you can sell your coin even at 1% profit Because your investment is big in trading ) .

[Leonard2016]

It could be profitable , Depends on how much risk you can take , usually bigger profits come with bigger risks , Day trading is one of that bigger ones!
maybe you like to try it one week or two to find out if it is profitable for you or not.

[rickadone]

So I think day trading is effective. You can earn and quite a lot. But day trading requires a very large time. We must constantly monitor the market, analyze coins. And not everyone can do it.

Only those who have not day traded before will consider it ineffective. I wish I have the strength to day trade, but unfortunately, I have a lot of time ahead of me to spend my money and I am not ready to die yet. Day trading comes with a lot of stress, although some usually say you will get used to it over time, but really, it is hard getting used to. For the profit though, you are going to be getting a lot if you know how to play with the swings and also know when to get out.

[SportsbookBettor]

It's profitable and i have a lot of friends that are into day trading but before they always said that day trading is bad and will only lose your balance but as they try it and getting used to day trading. They are earning great with day trading but it will only depend too on your balance. If you have small balance then earning with day trading is small only but i think it's ok as long as you grow your balance. Because some of my friends test with small balance and they just make it big by doing it everyday.

[GoodLuck2]

So I think day trading is effective. You can earn and quite a lot. But day trading requires a very large time. We must constantly monitor the market, analyze coins. And not everyone can do it.

Only those who have not day traded before will consider it ineffective. I wish I have the strength to day trade, but unfortunately, I have a lot of time ahead of me to spend my money and I am not ready to die yet. Day trading comes with a lot of stress, although some usually say you will get used to it over time, but really, it is hard getting used to. For the profit though, you are going to be getting a lot if you know how to play with the swings and also know when to get out.

If someone have plenty of time, like they have decided to accept bitcoins trading as full time job, those people are more suitable for such job. This day trading gives you profit, maximum times, on daily basis but somehow losses can be thrown in your account. Still if you manage to give a full day duty to this day trading, it will definitely bounce back with much profit oriented material.

[Rubick99]

Daily trading is effective strat for everyone, you must consistent with the profit. For example, your daily target for profit is 5%, just do it.

[KalaiBTC]

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.

Day trading is actually very much effective thing to do but only for a person who is extremely good at trading. If you are having very good expertise in trading and that you know all the things which you need to know in order to make better decision in trading, then you should definitely go for trading as it will then help you in making of more money as well as you will be able to get that on daily basis.

[MMS2017]

Trading is a very profitable job and if we just try to do this then the future will be more secure then now like the bitcoin users have also doing businesses in the crypto and for us it is good to start day trading because the margin in the day trading is more than the job if we do somewhere so if we start bitcoin and altcoin trading soon we will be rich in the future.

[wozzek23]

Day Trading is more profitable than Long term if you know what happens on the market and if you have so much knowledge on crypto trading, You can easily get x3 - x8 in Day trading if you know what to do that's the reason why market will goes dump before pumping more because the traders taking the profits and will enter more on the dip stage Big investors will have a higher chance to win in Day trading because they controlled the market unlike Small investors are just riding on the WHALES.

Most big investors mainly do not even have any problem generally in the market. Most times, what they do is come together to swing the market to their advantage anyway. Day trading either for big investors or anyone can be good, but if you are just the type who does not have any knowledge on how to at least day trade safely, then, you will be using a broom to sweep your losses at the end of the day.

[ralph_0608]

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?

Day trading is not recomended for newbie only those who have deep knowledge in trading usually do this. if you are a newbie   or just beginner in crypto currency better to  do ling term trade on stable coins the risk is lower.

[gnerro2]

I tried with a little bit of scalping but it's really risky, and technical analysis with cryptocurrencies is just as bad.

[Pamadar]

Day Trading is more profitable than Long term if you know what happens on the market and if you have so much knowledge on crypto trading, You can easily get x3 - x8 in Day trading if you know what to do that's the reason why market will goes dump before pumping more because the traders taking the profits and will enter more on the dip stage Big investors will have a higher chance to win in Day trading because they controlled the market unlike Small investors are just riding on the WHALES.

Most big investors mainly do not even have any problem generally in the market. Most times, what they do is come together to swing the market to their advantage anyway. Day trading either for big investors or anyone can be good, but if you are just the type who does not have any knowledge on how to at least day trade safely, then, you will be using a broom to sweep your losses at the end of the day.

Exactly, without any knowledge day trading is really risky, whales are just around the corners waiting for the timing before doing any movements,
this type of trading needs to have a lots of balls and have a lots of skills, knowing how the whales moves will give you some opportunity, but without
any actual knowledge then you are just risking the money that you will invest and anytime losing big part of your investment always around,better to
make sure how risky you are before dealing with day trade activity.

[BestSSS]

Day trading is effective even in a falling market, but to be effectively dealt with it is necessary to devote time to this, and this means not working on the main job, since the raids are not worth it - it is tried in practice. even doing just 5% per day on candles is real and all this is seen, and income at 5% per day themselves understand this is not small amounts.

[AngellSky]

Day trading is effective even in a falling market, but to be effectively dealt with it is necessary to devote time to this, and this means not working on the main job, since the raids are not worth it - it is tried in practice. even doing just 5% per day on candles is real and all this is seen, and income at 5% per day themselves understand this is not small amounts.

interest can be different, so it all depends on what income you expect. For some, even 5% is a lot of money.You will think that in most cases traders use Cinema 5 or 10% difference in price to earn later.

[Wicked17]

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 dont think so that day trading is really effective especially if you are a lazy type in researching a coin. I had tried it many time before and still the result is loss. Maybe daytrading is not for me. Buying at red and selling at green is kinda hard to achieve in day trading, its just easy to look and say but hard to apply.

[makolz26]

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 dont think so that day trading is really effective especially if you are a lazy type in researching a coin. I had tried it many time before and still the result is loss. Maybe daytrading is not for me. Buying at red and selling at green is kinda hard to achieve in day trading, its just easy to look and say but hard to apply.

I don't usually recommend it if someone was asking about me as it consumes most of your time, so better to just hold a coin which you think is potential to grow so that it won't create you doing panic when you are seeing the price most of the time, and it is so stressing.