day trading effective?

[perfect999]

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 am day trader. I try to profit everyday. But sometimes I lose . If you want to day trade, first you look which coin is maximum buy /sell with a little difference amount . then you can choose this coin for that day. I hope you can see profit for a day

This happens with most people. And especially when they are newbies and are in learning state. Day trading isn’t an easy task at all. People will learn to go for better day trading but this takes so long time. They need to be constant and determined because the thing which have got maximum profit for you, isn’t so easy to find out. They are not making much money in start.

[moshk555]

Day trading is only good when you have good experience of day trading and you can read and analyze the charts because without that day trading can be very risky and you can lose all your money in that.

[trickyriky]

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 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

Sometimes exactly day trading brings the better results. However, if you are the newbie, do not start these activities. In 95% cases, you will be a loser. This business needs much knowledge.

[btcrich2020]

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.

Day trading requires a lot of time because we have to wait until the price recovers, in day trading there is no need to keep watching the market we can easily keep buy orders and sell order until orders are executed.

[futile-resistance]

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.

This is the sole problem with day trading that a person can end up losing more due to the high risk involved. No one can make very accurate predictions for next 24 hours. Honestly, even the best of traders cannot make profit on daily basis because the market is too volatile and unpredictable for such a short duration. It also depends on the coin a person is holding. Right option is to choose short term trading.

[sensimilia]

If you are one of those people who are very impatient about seeing the results of your investments, then you should go for a day trading and if you prefer not to monitor.

[luffare]

day trading effective?

Who knows? Only day traders do it.
Anybody here know personally any successful day trader? 

[Danglen1010]

Yes, Day trading is still profitable in terms of daily basis because you can still earn an income or profits, so theres no doubt about it, just be hard working and focus to the business and nothing else.

[tuljan]

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.

Day trading is only good when you have good experience of day trading and you can read and analyze the charts because without that day trading can be very risky and you can lose all your money in that.

If you make it a full time job than it can be very profitable.
Also experience comes with time so does the profit.

day trading effective?

Who knows? Only day traders do it.
Anybody here know personally any successful day trader? 

I know a semi-good one. 

[cryptomite]

The most complicated feature of day trading is the need to be able to identify upcoming increase or decrease which is why you should always give yourself honest evaluation whether you are ready for daytrading or not but with the right skills you can always 'come out dry' ie with the profit.

[Findingnemo]

The most complicated feature of day trading is the need to be able to identify upcoming increase or decrease which is why you should always give yourself honest evaluation whether you are ready for daytrading or not but with the right skills you can always 'come out dry' ie with the profit.

Once a trader decides to sell don’t change in your decision because the profits and losses are only faced by you so be confident with your investment and decision that will help you to a lot .

[cryptothreads]

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?

That may be a familiar strategy that brings a lot of profit but it does bring quite a lot of risk. I have failed to invest blindly in altcoin down, that is OCN. I think it will increase rapidly when the market recovers but it has gone down forever. I still can not see the sign of going up.
I spent more than $ 15k on that investment. I think we should invest long term, it will be a good investment.

[p i e c e]

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.

Day trading is really a fun. It can become even a bit addictive but doing it, you will get more profits that when holding your cryptocurrency. However, this business is not for a newbie.

[mronezigger]

day trading gives profit,but you should have a good strategy that works for you and you will make profit.
get advice form  professionals 

[MarioSPGroup]

Day Trading is always effective but the thing without any knowledge about the analysis it is not possible to make money. Sometimes you might lose money in day trading because of false analysis by you, without knowing anything better we can stay away from day trading instead of losing money.

[btccoffee]

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 only if you have a good skills in trading but if you dont have a realy good skills in trading like a pro trader i think you just to for long term trading because in day trading you may lose all your money if you wont lucky with good skill.

[alminium]

I advise to stay away from day trading. Learn the basics first. Technical analysis, chart patterns, how multiple time frames are connected to each other, price action, order flow, Level up and more. And start with paper trade. Long-term trading can be better utilized than you do in the short term in exchange.

[Savemore]

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?

Of course it is effective! Actually I am a day trader and I can say that it is really profitable even it is too risky. I am prepared to the risks that I will face because I fully understand how trading works and I can now handle different situations.

[kickdapa]

Day trading not also effective but also harmful! Harmful for newbies or who don't have enough idea how to trade daily, how the market works. Sometimes, you will lose your money, because in trade no can get only profit. Lose is a big part of the live trade that's why to live or daily trade, not for everyone.

[GrayFullbuster]

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 it is! There are a lot of opportunities that we can get from day trading. I can earn 5%-20% of my investment by trading daily, It is true that it is hard to earn money in day trading that's why we should have many techniques before we trade daily.