day trading effective?

[icecube45]

Daily trading is very profitable but very difficult to do. In crypto, daily trading is suitable because the price is very volatile. But you must be more careful and always take the time to see the market so as not to lose market movement. Do not be too greedy and appreciate the profit you get in any way. This is very effective for profit, I also sometimes do daily trading and I get lots of profits.

[zhelis74]

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.

As for me, day trading is effective because this is less risky than other kind of trading.Day trading easily determined if you gain profit or not.Maybe lesser profit but with patient those small things together can be a big help in your financial aspect.

[Bianxee]

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.

As for me, day trading is effective because this is less risky than other kind of trading.Day trading easily determined if you gain profit or not.Maybe lesser profit but with patient those small things together can be a big help in your financial aspect.

It was effective as long as you are able to make profit and if not its not tgat effective. Remember trading is on your skills and its not on the market so either it was in a red days or the market was soak in blood because of losses you can make some savage moves to pickuo the coins that can make you a profit for that certain day.

[susuberuang]

of course daily trading is very effective but it is only very suitable to do for those who have expertise to analyze coin conditions in the market and can know the right time to buy and sell, if you have not mastered and have such expertise it seems very difficult to apply daily trading.

[JL421]

Day trading is effective with most coins but right now don't even think of doing anything the market is functioning in a bearish moment if you have some cash or bitcoin just make sure you buy these altcoins right now at a cheap price and enjoy actual profits. Don't do day trading you will just get a loss

[bots1]

my consideration for daily trading is to play with scal technique, although the result is little but it can cover the daily requirement.
I myself use the free version chart tradingview / bitcoin wisdom, the indicator I use BB and SRSI it is enough to determine the position of support and resistance to daily trading. My advice, that daily trading is not the most effective plan. you can also a holding with your trading plan as an asset investment.

[apityeh71]

Its not effective for me because im not focus and does not have full times for that, as i know to become day trader should be has much times to make analysis and know the update news related crypto, so when any bad news we can take decision as soon as possible to selll all crypto and buy back in the bottom. In this current situation of market, day trading promising good profit for trader who totally focus to make analysis in the crypto market.

[johnygrace]

for us it's very good to trade now, because the value is also very low, so you will more easily generate profits at higher prices, because the value of bitcoin is always increasing every day.

[iv4n]

Its not effective for me because im not focus and does not have full times for that, as i know to become day trader should be has much times to make analysis and know the update news related crypto, so when any bad news we can take decision as soon as possible to selll all crypto and buy back in the bottom. In this current situation of market, day trading promising good profit for trader who totally focus to make analysis in the crypto market.

It's not effective because you aren't focused, you will suck in most of the things if you don't get in with focused mind. Trading is specific way for making profit, you need to be active and to have good source of informations, to know on what to be focused, if you pay attention on all the news you will be confused and your trades will be less successful. Its hard to make any kind of analyses with false informations.
I'm not a day trader because I don't have time to be that, but I trade with many coins on weekly basis, fluctuations are big, dips have tendency to last longer, so I found my good strategy. It's on each trader to fins what suits him and to do that the best he can, only like that is possible to male profit in day trading.

[Chachacoin17]

Day trading is effective with most coins but right now don't even think of doing anything the market is functioning in a bearish moment if you have some cash or bitcoin just make sure you buy these altcoins right now at a cheap price and enjoy actual profits. Don't do day trading you will just get a loss

Taking advantage of small price movements can be profitable if day trading game is played accurately. It's profitability is accompanied with danger specially for those who are new and don't conform to a principled method and plan. Comprehensive approach to day trading strategies, deciding when to buy and sell, taking a look at patterns, risks management techniques, and limiting losses have to prioritize to achieve efficiency. The effectiveness of day trading depends on the level of knowledge you have and continue nurturing it, setting aside amount and time, starting small amount, being realistic about profit, and sticking to the creative plan.

[Bagaji]

Day trading in crypto currency is very profitable if you have a good knowledge of trading crypto currency which means you must be very sound in technical and fundamental analysis analysis and that is the only way you can succeed day trading in crypto currency market.

[Nonie]

Daily trading I think is very risky, but if you are an expert in analyzing candles I think that's good because it is one of the keys to a successful daily trading.

[ipanks]

for now, I think day trading still effective and if you can choose the coin, I think you can take a good profit and sometimes, your profit will bigger than before because every coin trying to increase. you can choose from the top twenty coin in the coinmarket list as your guide to selecting the coin and after doing research, I am sure that you can find one or two coins to trade daily. it's better if you can have much money because you can buy more than 3 coins at the same times and you can expect to make a big profit later.

[liivii]

Day trading is always been effective to those people who fully understand it as well as those who have the mentallity of success. Right now that the price of Bitcoin and altcoins drops it's best to find another source of income and that is day trading. And in day trading the more experience you have the better chance for you to earn everyday. But of course as well as other way to earn money here in crypto world, day trading have risk also but knowledge and strategies will help you to lessen it. Make a decision now of adopting day trading to yourself and goodluck to your journey.

[goku1525]

Day trading is always been effective to those people who fully understand it as well as those who have the mentallity of success. Right now that the price of Bitcoin and altcoins drops it's best to find another source of income and that is day trading. And in day trading the more experience you have the better chance for you to earn everyday. But of course as well as other way to earn money here in crypto world, day trading have risk also but knowledge and strategies will help you to lessen it. Make a decision now of adopting day trading to yourself and goodluck to your journey.

I don't think day trading is effective in terms of earning profit because the process is too much pressure and we're not ready for the following to happen. But most individuals this is there way to earned. While my strategies is I prefer for long term hold because the prices has a potential to grow within in a couple of months.

[nieninja53]

Daily trading is good some time when the market does not move unexpectedly but i think when market not remain expectedly then long term trading is the better opportunity then daily trading,

[geegaw]

Daily trading I think is very risky, but if you are an expert in analyzing candles I think that's good because it is one of the keys to a successful daily trading.

Even if we are an expert on candle analysis, I still do not think that day trading will bring a good result because athough standing on a theoretical level, we can see a terrible source of profits that can be generated from trading days but in reality, our thinking will be completely bankrupt when things are not as easy as we imagine. This market is too big and full of different situations, we have good analysis also can not predict completely all situations, we can not be alone and against the whole market, day trading will not be effective

[worldtraveller321]

So for all of you who day trade

what exchange would you recommend best to do this?

would one with a having option of Tether and a Fiat Currency account work best?

What ones for all you day trades usually use? or do you transfer your money between different exchanges?

would you use Changelly or Shapeshift which offer direct conversions?

look to your kind answers on this.

[godfredmanu]

Day trading is very effective way to increase your profit and the only to make consistent profit in crypto. The only disadvantage is it takes time and focus. Even when the market is red, there is still opportunity to short sell with a margin trading and make a good income.

[nano77]

to do a daily trader will be effective depending on you whether you have a good knowledge of trading or not because if you do not have a good strategy and knowledge about trading then you can even lose your money