Day trading

[Delago]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

[1713543362]

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[1713543362]

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[kripto para]

They are not moving slowly at all. There are plenty of currencies that rise with like 10% every other day. Your job as a day trader is to predict that and buy before the small price rise and sell at the top.

[Delago]

OK - and what is the minimum $ amount needed to cover fees etc?

[adroitful_one]

OK - and what is the minimum $ amount needed to cover fees etc?

Fees are usually pretty low. I know on Bittrex it's .4% total to buy and sell. So as long as you make 1% or so, you're in the profit. Look into Bollinger bands and other stock day trading signals. They all pretty much work with crypto the same as they do with stocks.

[Delago]

Great thanks - so how much of this technical stuff do you need to know - OK with Bollinger bands but on Trading view some of the charts are incredibly complicated!

[adroitful_one]

Great thanks - so how much of this technical stuff do you need to know - OK with Bollinger bands but on Trading view some of the charts are incredibly complicated!

You can learn one or 2 technical analysis things and do fine. Also, you don't need a ton of money to get started. IF you take $100 and make 1% on every trade, you'll have ton of money in a couple of years of doing it. So it doesn't take a ton of money to get started and learn with.

[cakmabokgot]

There is this super cool guy "Philakone" on twitter and youtube. You can watch and learn great stuff from that guy. A perfect day trader. I've been following him for the last month, learned a lot. He doesn't charge anything and he is super funny. I adore intelligent people.

[Baimovic]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

yes, because now is a good time to buy more bitcoin and altcoin, so trading becomes fast.

I do not invest much, so I only have investments in bitcoin, ETH, and NEO.

and to earn a profit, I must to wait until the correction is over. or until the condition is stable.

[ophyrim]

Dude, day trading is a full-time job and very very difficult (I am an experienced trader). If you are not a pro trader in the markets or in the forex, probably you are going to lose some money.
Just try middle or long-term investment. I believe this is going to be more profitable for you.
Good luck

[alani123]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

It's would need quite a bit of money and a lot of risk tolerance. There's no guarantee that the price is going to come back up after you buy a supposed dip, so stop loss orders are a must in my opinion. Trading bitcoin on a daily basis would require a lot of dedication and can be quite costly. I think nobody should trade with what they can't afford to lose. Few investors actually have the risk tolerance for BTC.

[Lazada]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

I do not need a lot of capital when going to trade. the most important thing for me is that I can benefit even a little. yes doing daily trading to be my top choice, I prefer to make trading by taking decisions quickly.

[Johnyz]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

Trading can be more prifitable if you invest $$$$ of capital but if you are just newbie, don't invest much try to put at least $200 for your starting capital. Trading is too risky you should always put that in your mind, if you know nothing please don't try to do it.

[Zocadas]

OK - and what is the minimum $ amount needed to cover fees etc?

10$ in altcoin would be enough for daytrading. If you can make every day little profits, you will multiply your funds. If you loose, you only loose 10$. On most exchangers the min. trade is lower than 10$. Fees are around 0.025 and 5 %.
On daytrading you have fast moves, because you don't follow the main moves, but secondary and third moves/waves. Daytrading is like gambling and no indicator will give you a chance over 50% to take profits in opposite to middle- and longterm trading. So keep your funds as low as possible for daytrading.

[colacat1111]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

I do not trad every day. One reason is day trading makes me very tired, tracing the curves. The other reason is it is not so profitable since the exchanges charge a lot of trading fee.

[icomanagers]

I think that is very important in trading cryptocurrency is always update the latest information about issues that develop related to cryptocurrency, if we update of course can analyze market value quickly and take decision quickly, and hopefully our speculation is right for gain profit

[crestella]

To get a big profit you also have to have a large capital if you want to do daily trading, different things with monthly or annual trading that requires little capital.

[akitha]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

Day trading is a bit difficult. specially when you bought the coin almost on its All Time High, then is moving down drastically.

[Leah38]

I do day trading before and you need focus on the movement of the trades. Just go with the coins that are active at that moment. 10-20% profit is enough for me and if I got lucky I get 100% profit in 1 day. I go off trading with btc on my balance, not alts coz coin value might go down while you're away. That would be a loss. You can wait for another pump or up of its value but whales usually jump from 1 coin to another so you'll get stuck.

[Xxxurrrad]

I have not been doing daytrading since mid-January. Too dangerous situation, when news, which are guaranteed to give very good growth is almost not working.

[preshpr1nce]

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

If you are asking what's the minimal to day trade and also asking about fees, I suggest you forget the idea completely, a lot of people dream about flipping 5-10% daily but most fail, many who have more knowledge than yourself, in this market you're more likely to lose 5-10% in a day than gain it, and you'll for ever be chasing your initial value.

Your best bet is to find some good projects, buy, hold and forget the stress, finding the right projects is the most important thing here and knowing a good entry point.