Does a Day Trader work with cryptos?

[Gtrust233]

daytrading is very risky for new traders don't try to day trading you can try buy coins and hodle thats the best way i think.

[cryptolet]

For those who day trade it is possible to day trade with cryptocurrency because there are high profits in it only if you know and understand how to do it.

[pikebu]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

Actually i don't understand what do you mean with day trading work with cryptocurrencies, it is just method and Yes day trading work with cryptocurrencies trading, but unfortunately we can make good profit if we use small of amount capital, will be better to use large of money if we want use strategy day trading because the fluctuation of price in daily trading is very low than swing trading,

[FUD Expert]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

Actually i don't understand what do you mean with day trading work with cryptocurrencies, it is just method and Yes day trading work with cryptocurrencies trading, but unfortunately we can make good profit if we use small of amount capital, will be better to use large of money if we want use strategy day trading because the fluctuation of price in daily trading is very low than swing trading,

'


It got me very confused too. I think what he really meant is daytrade and not daytrader. Daytrading has been practiced in the past years not just in crypto but also in the stock market. It's only applicable for people who does have a lot of time.

[Koro-Sensei]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

Sometimes yeah but i only spend the extra money i got from my trades and that coin will be random in term I'm checking my luck incase i win i wanna trust my gut from then on. I never trade everyday if i have so little money and also this applies to newbie traders don't go washing all your money everyday keep atleast once or twice a week.

[lavishlifing]

Day trading is very short-term trading, and it can mean holding an asset for just a few seconds, to a couple of hours. The idea is that you sell your asset before the end of the day, hoping to make a small, but quick profit.(Ray King)

Search for a coin that has great daily trading volume, and always be prepared to lose, don't expect an all win trade. be disciplined.

[pikebu]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

Actually i don't understand what do you mean with day trading work with cryptocurrencies, it is just method and Yes day trading work with cryptocurrencies trading, but unfortunately we can make good profit if we use small of amount capital, will be better to use large of money if we want use strategy day trading because the fluctuation of price in daily trading is very low than swing trading,

'


It got me very confused too. I think what he really meant is daytrade and not daytrader. Daytrading has been practiced in the past years not just in crypto but also in the stock market. It's only applicable for people who does have a lot of time.

I think he still can not make active income profit from trading use strategy daily trading, that is why he asked does  day trading is work on cryptocurrencies, because as we know the trend of price is still down trend and there are no signal the price of cryptocurrencies will rise again at least in my personal analysis technical.

[fiulpro]

Totally !
I don't think that it could be any less profitable than the stock market if not more.
You know sometimes you can be lucky enough to get great profit in just couple of hours, but the key is " being active" , keeping up with the price every second, keeping the notifications on for the hike in price.
Holding for long term sure does have unspoken benifits but at the same time you should remember how it could result in a complete loss too.
I think if someone is willing to invest time in it then day trading is the best.

[ummart66]

There are lots of people who daytrade in crypto (check out QuickFingersLuc on youtube for a professional day trader), however it seems that most of these people have experience from trading in stocks. You can just get into day trading crypto, but it's definitely something that improves as you become more experienced.

Lots of people made a ton of profit day trading crypto, because really you could have made a bad trade and lost Eth, but still make a profit in USD. Now that the market is going down, it's a lot riskier and difficult to do. It's still totally possible.

[Denker]

Full time traders, day traders are active in all different kinds of markets.
The younger ones, who got into trading a few years ago and are tech focused indeed make lots of their money in the crypto market.
But some are also trading in the traditional markets like forex, stocks, penny stocks or are commodity traders as well.
If you are skilled and have a decent sized trading account, you can trade whatever you want. But the crypto space is still very new and therefore many participants are not that much experienced. Veteran traders of course take advantage of that.

[Sony.UK]

daytrading is very risky for new traders don't try to day trading you can try buy coins and hodle thats the best way i think.

Day trading is really risky investment but no one is experienced in any field. Because first we should take some steps then only we will gain knowledge in that field so new traders also make good profit in future. But new traders are little bit gain some knowledge technical analysis automatically they will make profit in day trading.

[Racc00n]

All you need is a mentality of a trader, it doesn't matter are you day-, swing-, or position trader. It's all about different timeframes 

[boynamnhi]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

I think if you are a newcomer to the crypto market then you need to find out carefully, you can see that bitcoin prices are continually decreasing during the past few days, the market is in the bearish cycle for a long time In order to be able to trade successfully you need to trade short-term by day. You need to analyze accurately, combine with market information and always keep track of bitcoin prices.

[fourokavas]

LMAO are you serious? you do not even know what day trading means, why are you opening this thread if you do not even know what you are asking for?

[Pitagora87]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

A lot of people doing it , a make a good profit from daily trade . It's not that easy u should have a lot of knowledge how to trade . I recommand u if u are now in tihs to better study first bcs it not that easy like buy when it is low and sell when it is high .

[hubballi]

I am not sure if day trading will work with crypto, if it worked perhaps just for some of them with big volume such as Bitcoin or Ethereum. For any other alt coin with has low volume, seems day trading will not work.

How does volume affect daytrading success? I do not mean altcoins with 100k trading volume a day, but is there any difference if its $100 mil or $500mil/day?

Yes surely volume affects the day trading as if the volume is high then the movement is also big so if you trade in volume then small movement with big volume will give you immediately profit in day trading.

[simpleholmes]

yes there are many traders I know that do day trading with cryptos and some of them are paying good but some have lost all of their investment because of stress and emotions.

[acheampong64]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

Yes, to my opinion, day traders involve themselves in cryptos more than any other categories of people in the crypto ecosystem. They'd have to follow up on so many coins so as to get the best ones to join and trade

[Aikidoka]

Yes, it does. Why would it not? As long as you have a good understanding of the market and you are up-to-date, then you are likely to win more than you lose. I would be lying if I said it is impossible for beginners because some of them get really lucky, but it is still hard. As a starter, you should make a decision on whether you are starting a long-term trading or daily trading. Once you make up your mind, choose the coin you are going to trade with. Luck must be by your side!

[PX-Z]

Hi.

Does a Day Trader work with cryptos?

Does Anyone is doing a Day Trader?

thank's

There are lots of traders here in this forum mate, but long-term traders are much more than day traders. Because it takes more risk in day trading that can cause you to lose a lot of money if you don't fully understand the market of cryptocurrency, because it has a high volatility of its market that could be so hard for anyone to predict of its price.