day trading effective?

[SportsbookBettor]

I always prefer day trading other than long term trading. You can get profit daily, but other hand in long term you have to wait for your desire profit. It could be 1 week, 4week, 12week, 1year. On the other hand in day trading you could gain more profit in a week. For the profit you have to good skill on trading, otherwise you will loss your capital. A good trader know the exact time to buy and sell. It's all about knowledge

Day trading can gives us huge profit in a week but it comes with huge risk too. If you are not monitoring your investment the chance of losing is very high. Skill is very important too and knowledge in day trading is a good advantage too.

[Ranillo79]

Day trading is effective way on earning profit. This type of trafing is more profitable but this is more required skill. Not just only prediction, user must have enough knowledge on how to read candle graphs or anything can know the upcoming trend in market. Day trade is suitable for full time crypto, this can make money 150$ per day. ItsIs effective but more hassle you need to take look for time to time update of price

[jaocoincrypto18]

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 effective but it will consume most of your time monitoring the markets movements . This is better if you don't have a regular job and do it full time so that you can review, analyze and decide for the opportunities to earn because you need to have a good timing when you sell high and buy low specially if market is in red but not all red is profitable in the future because some of them are really a crap. So if you want to be a day trader then you shall consider much risks than normal trading.

[Pamadar]

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 effective but it will consume most of your time monitoring the markets movements . This is better if you don't have a regular job and do it full time so that you can review, analyze and decide for the opportunities to earn because you need to have a good timing when you sell high and buy low specially if market is in red but not all red is profitable in the future because some of them are really a crap. So if you want to be a day trader then you shall consider much risks than normal trading.

Good point, dealing with day trade is much riskier and time consuming, you needed to have better judgement and good assessment, dealing with time and continuous knowledge should be possess by a person who wants to take the risk, expect small gains and needs to have quick decision making to be in a good timing having profits than losing an investment if became greedy and wait for much higher profits.

[binhvo1505]

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?

Yes, the red market is a good time for us to buy low and sell high. But now, the stable market will not help us much in this strategy.
In my opinion, this is a rather dangerous strategy. Because if you calculate your interest and losses in a month. You will not find it too much difference. So I think day trading is ineffective. Long-term investment is a better strategy.

[Rebisco]

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 effective technique that we can use in order to earn 1%-10% daily. Before we do day trading, we must first enhance our skills and improve our knowledge because day trading is not simple job.

[TitanGEL]

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 trade daily and I can say that it is not simple job. It is hard to predict the price of the coin due to its volatility. There are times that I lose big amount of money due to unstable price, I always studying hard for me to become more knowledgeable person.

[Leonard2016]

I believe day trading could be very very profitable If and a big IF you know what are you doing and you are an advanced trader , of course when i mean advanced trader i don't mean someone who never lose in trade , but some one whom that his/her average is more than what he/she started in the period of trading , A good day trader is someone who close his/her orders by the end of the day , this market has so many potential for good day traders , because it is 24/7 , with so many beautiful ups and downs , which could make some traders so happy!

[Genosx]

Yes of course, Day trading is still profitable in daily basis even if you are going to put too much efforts and hard work to gain income or profits in day to day but somehow it helpful and useful to others trader that need to gain an income in daily life. 

[sebuh lemaratos]

I think day trading will only waste our time, this is not evective because we can not make the maximum profit, we also need big capital in order to get a lot of profit

[mornabo]

There is no doubt that a day trader of altcoins or bitcoins has to have some back up capital too in case of a significant decline of the value so that he woild be able touse hw recovery money on the next day.

Probably, if you hold Bitcoins, day trading is not the business you should choose. I would better say that day trading is good when you are dealing with altcoins.

Daytrading is good if you have good skills in reading the current market situation, for example if you have more knowledge of course you can know what potential coins, if you are good at reading the graphs of course you can know when to sell and buy, it all depends on your skills and knowledge dude, if you are not good in that, you will better do holding

[alvinmtp]

Yes, day trading is profitable, but that doesn’t someone who doesn’t have the necessary skills that are required for trading would be able to make profit from it, you will have to learn it first and know what your are doing before thinking of being a day trader. But mind you, the profit doesn’t come at all times. If you’re watching trade videos on YouTube, YouTubers won’t let you believe that you will ever lose money in this… rather they will make you feel like there are no risks involved.

[coffigayo]

Yes trading today is very difficult even though you keep monitoring the price every day to get the right time to sell and buy because the market is so unpredictable and apart from volatility there are some birds in the market that continue to manipulate the price. And especially in Altcoin is very sad also because of its situation in the market.If you observe the market cap, there are coins that are pumped from time to time so that if you can catch the pump then you can still profit in the bird market.

[DPrillio]

Yes of course, Day trading is still profitable in daily basis even if you are going to put too much efforts and hard work to gain income or profits in day to day but somehow it helpful and useful to others trader that need to gain an income in daily life. 

Yes, certainly a day trading is still effective granting that a trader is knowledgeable and have some skills to handle a day trading because all coin is volatile and its value changes from time to time, an effective day trader is not greedy to trade with only a little profit day by day.

[ipanks]

in this weekend, I think day trading still effective and we can buy and sell the coins to make a profit. but although it is effective, we need to be careful to choose what coin to buy and sell and it is better to always analyze the coins. don't use the instant buy and sell to get the coins but use the limit order to get the lower price and sell at the highest price. this is useful for every trader and I think only a few traders which using this function because they still making an instant buy and sell if they see the coins are moving so fast.

[hhussain]

I do not like day trading much I like to do trading on a long term basis. Day trading needs lots of experience and I am not too good in day trading that is why I like to trade on long term basis.

[tuljan]

I do not like day trading much I like to do trading on a long term basis. Day trading needs lots of experience and I am not too good in day trading that is why I like to trade on long term basis.

Why do you need lots of experience for day trading?
I think that it's the other way around.
In day trading you just monitor to be in the +/-10% zone and you're good.
Low profit but also low loss.
On the other hand you really need knowledge of how the market works if you're going for the long term investments.

[ultrastructure]

A day trade is far better than holding coins. Everyone has come in day trade without any knowledge about it. A day trade is not easy what every newcomer thinks. You have to experience enough. Keep learning from the market analyst, read articles how to trade, use google, youtube to learn the actual fact of day trade. Then you will realize what things you just earned, Because day trade is really good profitable.

[yanesna3]

I do not fancy day trading in my opinion. One needs to be able to do on the spot analysis and make 'super' fast decisions that are usually based with emotions rather than sound judgement. This is not to say, it is not profitable but you can as well make big losses.

Sometimes I am in the day trading, and I find it a very profitable business. Meanwhile, it really eats a lot of my time. It also requires experience and skills.

[cryptomite]

I do consider it very effective type of trading especially if you realize what is the idea you can make some really good profit by trading again and again.