Can somebody explain how to perform day trading?

[TheCatLife]

I can't find any simple guides on the best day trading practices.

Can anyone explain simply how to profit from day trading?

Do I basically just watch the charts and buy at low points and sell at high?

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[1714837477]

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[TheCatLife]

If you have no idea what you are doing, then you will easily just lose a lot of money.

That's pretty obvious man..  =/

That's why I am asking about this =/

[Bit_Happy]

gweedo is right about the risk.......start slow and stay calm*
*Then go in really deep once you get behind, since the market is about to turn around.  

I can't find any simple guides on the best day trading practices.

Can anyone explain simply how to profit from day trading?

Do I basically just watch the charts and buy at low points and sell at high?

Basically yes, but "easy money" is never that simple.
Here are some ideas to help you get started:

I want to make some extra BTC. If this post is helpful (to anyone) please send a tip (any size is great), thank you.
15DYJpWJe9H1YofsNQbP9JEWWNn7XPZgbS


First, understand you are dealing with 3 different time frames: Long-term, Medium, and Short-term.
Long-term: This is the easiest if you have enough money. Just buy and hold, buy more on dips, and sell a bit when it spikes up.

Short-term:
"Fast trading" is fun and addictive.
The risk is high & the rewards can pile up quickly, plus...
>>> There are times when your chance(s) of being correct* are very near 100%
*Often, you don't really need to be correct (about market direction), you just need the market to move, and get both sides of your trades completed.

Medium-term:
Medium-term trading is where you can really out-perform most other traders.
Here is where the "pros" win, and most others end up in a stressful form of virtual Hell.

To succeed you need to decide on the direction of the next big/medium move, and have the patience, guts and courage to not sell/buy too soon.

For best results:
Combine all three time frames, manage your money well, and remember leaving me a tip (right now) will greatly improve your luck.

[timk225]

TheCatLife - go do some research.  Day trading is not for noobs, and we certainly can't explain all you need to know in a post here.  Google.

[Slaxt]

[donsanto]

I got one tip its all about the Technicals. If you dont know how to read the technicals you are going to loose all your money.

[bitpop]

Babypips.com

[Bit_Happy]

I got one tip its all about the Technicals. If you dont know how to read the technicals you are going to loose all your money.

Technical indicators are important, but you also need to know fundamentals, and be able to understand that when good traders get caught by surprise you sometimes get HUGE moves.

[adam9317]

gweedo is right about the risk.......start slow and stay calm*
*Then go in really deep once you get behind, since the market is about to turn around.  

I can't find any simple guides on the best day trading practices.

Can anyone explain simply how to profit from day trading?

Do I basically just watch the charts and buy at low points and sell at high?

Basically yes, but "easy money" is never that simple.
Here are some ideas to help you get started:

I want to make some extra BTC. If this post is helpful (to anyone) please send a tip (any size is great), thank you.
15DYJpWJe9H1YofsNQbP9JEWWNn7XPZgbS


First, understand you are dealing with 3 different time frames: Long-term, Medium, and Short-term.
Long-term: This is the easiest if you have enough money. Just buy and hold, buy more on dips, and sell a bit when it spikes up.

Short-term:
"Fast trading" is fun and addictive.
The risk is high & the rewards can pile up quickly, plus...
>>> There are times when your chance(s) of being correct* are very near 100%
*Often, you don't really need to be correct (about market direction), you just need the market to move, and get both sides of your trades completed.

Medium-term:
Medium-term trading is where you can really out-perform most other traders.
Here is where the "pros" win, and most others end up in a stressful form of virtual Hell.

To succeed you need to decide on the direction of the next big/medium move, and have the patience, guts and courage to not sell/buy too soon.

For best results:
Combine all three time frames, manage your money well, and remember leaving me a tip (right now) will greatly improve your luck.

This would be helpful but you would need to give more advice especially on indicators for the op!

[TheCatLife]

Thank you all that have provided a helpful response.

[UltraPleb]

It's likely you'll lose money anyway as it's obvious you're inexperienced, it's basically just sophisticated gambling.

[timk225]

TheCatLife - I can guarantee you a certain amount of "gain", as it is, in day trading.  Here's what to do.

1. Decide how much money you are going to invest in the stock market.
2. Send half of it to me.
3. The remainder is your gains from day trading, because most noob day traders lose it all.

Others can confirm this.  Can I get some indeeds?   

[adam9317]

TheCatLife - I can guarantee you a certain amount of "gain", as it is, in day trading.  Here's what to do.

1. Decide how much money you are going to invest in the stock market.
2. Send half of it to me.
3. The remainder is your gains from day trading, because most noob day traders lose it all.

Others can confirm this.  Can I get some indeeds?   

I agree, it also helps if you send me a %

[krudkeeper]

I got one tip its all about the Technicals. If you dont know how to read the technicals you are going to loose all your money.

I hate it when people say "loose" instead of lose...

[russokai]

I can't find any simple guides on the best day trading practices.

Can anyone explain simply how to profit from day trading?

Do I basically just watch the charts and buy at low points and sell at high?

Yes you have it exactly correct.  Buy low and sell high.  Now go to it and make a fortune. :-)

[russokai]

I can't find any simple guides on the best day trading practices.

and yes btw, if you look on google or youtube, there are a million guides and many of them are very good.  Don't be lazy unless you want to lose all your money.