day trading effective?

[otundebis]

Day trading is very effective since cryptocurrency market is an open ended trading market.  Having said this,  long term trading position is still the best for maximum profit.

[worldtraveller321]

anyone have any links to videos or information on how to day trade in crypto?

[yndye]

It is effective but it is too stressful. I prefer to swing trade than day trade but if you are a pro trader and wanted some action always then day trading is what they prefer. There are those that are better in day trading because they have done it for some time and learn from their experience. If you wanted to day trade then go with it and it would be more effective using technical analysis. There are traders who are basing their trading in TA than FA. If you have time then maybe it would be preferable for you. I encounter this article about someone who aims to achieve 100x in a week. Check if she was able to achieve it.

https://steemit.com/trading/@ashr/can-i-do-100x-in-7-days-in-a-bear-market

[Kunlejoe0]

Day trade for me does not add up as such. Most time trading is in the negative and when you make profit you will discover your or if it has gone to cover for previous losses.

[trutel]

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 need patience in the market entry and exit. Not all can do it, only experienced people and who have financial maturity alone can do this. sometimes when the market is red you make the decision to ignore the market, while when the market is green and the price is too high you make the wrong decision by entering at a price too high.

The market is not gambling. I remind you once again to you and everyone that the market is not gambling. All require proper analysis, patience and carefulness in the face of situations that occur against financial instruments that we hold.

The key is to be patient and continue to learn the market situation.

[ngacengan]

of course daily trading is very effective because your daily trading can get a lot of profits and can maximize your capital to be able to get a lot of profits, better daily trading than long-term trading.

[Btc_1856]

For me, it is always unpredictable because we need to be very experienced in order to become very efficient in day trading. Otherwise, we will lose a lot of money in second. Trading is very effective to people who have very good experience at trading.

[ipanks]

I think for now and a few days ago, day trading is effective because I am trying to do day trading with buying some coins in a low price and in the next hours or in the next day, the price is increased although it's only for 5%. I realize that if I can follow the price by buying and selling the coins, I can make a lot of money, especially if I can choose the cheap price coins and with the increasing of the price until 5%-7%, it's enough for me to take the profit. but unfortunately, it will need more times to do day trading because we need to watch the market for a few hours so we can make some action if the price is increased.

[Digital_Lord]

day trading will be effective if you know what you are doing, you should use a large capital to start day trading because if using a small capital then it is not effective

Yeah experience and knowledge in mandatory for day trading, because the result is on the same day. If you are a good and experienced trader, you can earn money from day trading otherwise you will waste money and time. Day trading is no doubt very effective but only for skillful traders and not for new traders. It is the best way to make money in short time.

[LeaderAMB]

My advice is make it a weekly trade and not everyday. Your consuming too much time but the profit is very little in daytrading and I know that because I've done it before. Coins do not move their prices everyday so it's clear that day trading is not effective.

When having a wonderful strategies it is possible to gain quick profit when daily trading but the process also risky ,for us to be secured wait a couple months or take long term invesment where it has a chances to take more enormous profit.

To do effectively in trading, you probably depend on many factors. It includes: regularity, knowledge, experience and most important is your method on trading. As you know,  knowledge plays a major role in any field, if you don’t have knowledge, you obviously don’t understand what to do next in trading. Especially, day trading is required risky, thus it’s not really easy for you to reap the rewards, but if you have the way for trading, you may get benefit. It means you should build both your own experience and skill. Besides do trading daily is really necessary to trade effectively.

[electron-coin]

You have so many questions. You are much interested and frightened.
In order to daily trade you will need a lot of knowledge. You should be aware of all the news (although the most important, although in most cases, profits bring news that are still rumors). You must understand what the mood of the market. It is necessary to study technical analysis. If you do not know how to read graphics, then you can not correctly calculate the entry and exit point.

[Dimon8]

Day trading requires great trading skills, understanding the market, knowledge of technical analysis, iron nerves, and a good supply of money.

[sensimilia]

Only the investor himself can decide how to use funds, for example, if you’re satisfied with small profit then you can choose day-to-day trading strategy.

[Briella18]

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.

[zedsacs]

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.

I agree that it can be enjoyed but it doesn't help the price to increase due to it made the price much volatile. While if compared to long term trading the idea to gain more profit is always been better. It serves as your sustainable passive income which could possibly change your status of life from poor to rich one.

[Chooroz]

Only the investor himself can decide how to use funds, for example, if you’re satisfied with small profit then you can choose day-to-day trading strategy.

Day trading is will just be very effective if we are an expert trader, and i believe that day trading is really good to do specially when the market is green and day trading is very effective to do if people is will spend a long time on doing it, maybe if people will spend 5hours a day to just day tradr it will surely be effective.

[Arshe26]

Daytrading is very profitable if you know how to go with the flow of the market,ofcourse aside from buy low,sell high you need also to be knowledgeable and know what you are doing. and most important,avoid to be greedy so you can avoid losses and keep safe your profit.

[iyemroker]

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?

Daily trading will benefit you if you know the trick.

same as me when lucky 100.000 satoshi then already trading and buy again below, then sell again about 100.000 satoshi

if 10X like that then everyday you will get 1.000.000 satoshi and that is enough to eat in my country for 1 week.

[zxl912157]

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 now, it seems short term is not recommended because the market supports longterm trading, only people who patient can earn a profit.

But now Bitcoin is down and all altcoin down, then you can buy it and sell it in a few weeks.
Take advantage of current price corrections if you want to earn a profit from day trade.

[shendy]

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 think day trading is less effective and the benefits you will get will not be much. Even the benefits you get can be very small. If you want to trade I recommend not to trade daily.