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Author Topic: The advantage of day trader  (Read 1086 times)
armarsterling7
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August 19, 2018, 06:00:57 AM
 #21

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.



Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.
I do not think the day trading brings a significant profit. Because the market does not always move. In addition, the up and down of the market is difficult to predict and daily transactions will bring high risks. I used to spend 2 months trading day but I did not make much money from it. Long-term investment will be a better strategy.

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August 19, 2018, 06:14:09 AM
 #22

Now the market is going down, our advantage is not much during the day when the market is constantly decreasing like this, however we can see some people still invest day, but it is only the rich experience
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August 19, 2018, 06:17:46 AM
 #23

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.



Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.
I do not think these criteria will help them make more money to become rich. Rich people will not do these jobs forever. They will look for long-term analysis and investment.
Day trading will only earn you $ 5-10 a day and that's a very low figure. Long-term investment will help you get rich soon.

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August 19, 2018, 06:38:54 AM
 #24

I don't think its worth taking risk and put yourself just because you dont have thriller life in the long term trading and holding. I didn't like that idea because I am not concerned about the thrills here, whatever I am concerned about is the profits and that are also made with safety and no losses.

Thrill? Who wants that and who will do anything like that which may convert your trading into the emotional trade and things could go wrong.

Everyone has their own ways, so may be everyone think differently about the day trading.
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August 19, 2018, 06:40:20 AM
 #25

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.
~
Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.
Although being a day-trader could give you a consecutive profits within the day, chances are you might lose the opportunity rather those long-term holders like me. To be a long-term holder would mean gaining more opportunities as the market doesn't appreciate in my favor. I keep buying on whatever the coins I like then sleep for like a year then see the price show its significant increase. It still varies as a strategy and preferences. Also consider the time that traders have on why did they choose that strategy. Me, as a part-time trader, don't have that much time to trade too much in a day.
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August 19, 2018, 06:44:12 AM
 #26

The advantage of a day trader is the profit is fast. You only need to engage your full attention a certain period of time, once you profit , you're done.

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August 19, 2018, 06:57:09 AM
 #27

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.



Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

All of the features or advantages of day trading you mentioned here are not the reality in most of the cases. You need to get profits on daily basis in day trading and chances of loss are very much high. Also experience play a much better role in day trading because this is very different from normal trades where you just buy the coin and hold it for long term in case the price went down of the coin you purchased.
You have to be very analytical and should be precise in the selection of coins.

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August 19, 2018, 07:42:52 AM
 #28

I also want to be a professional trader who can make profit consistently but untill now is hard for me to make it. But i try to learn more and more  from previous mistake, to be expert trader is not easy but i try always to make it. One thing that hard to control is greedy and not patient. Other Benefits of trading is possible to change our financial.

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August 19, 2018, 02:06:19 PM
 #29

Unless you're a pro I wouldn't make the career change without a ton of savings.
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August 19, 2018, 04:10:18 PM
 #30

Not everyone can be a successful trader. Because I have taught many friends to trade and very few can see things as I do. Even though I have sat down with them for countless hours. Honestly its quite simple to make money trading but its almost like some traders end up fighting there own personality to win, like there tripping themselves up. Its frustrating for them and me Sad

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August 19, 2018, 04:19:45 PM
 #31

Of course, if it is in good condition to trade, it really will bring good profits, on the other hand, we realize how big the risk is, like losing panic by selling at a fairly cheap price, many people get into the wrong hole with minimal understanding plus that the crypto market is very difficult to predict in coins to reach a value that is reasonably priced it is not an advantage to immediately raise prices but the decline can occur instantly, the big responsibility of being a boss will not be comfortable and enjoying every trade, people start to move away from trading and switching to long-term investment.

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August 19, 2018, 04:39:38 PM
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Day trading is one of the easiest way of making profits from cryptocurrencies market as you make money either the market is going up or down.  However,  day trading is very risky and you can lose all your investments if you refuse to place market order at the right time.


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August 19, 2018, 04:40:40 PM
 #33

Not everyone can be a successful trader. Because I have taught many friends to trade and very few can see things as I do. Even though I have sat down with them for countless hours. Honestly its quite simple to make money trading but its almost like some traders end up fighting there own personality to win, like there tripping themselves up. Its frustrating for them and me Sad
indeed so often, it is not easy for everyone to be able to trade the day, even though we teach and always help direct but someone will not have the same analysis and speculation that we have, and indeed when they stumble, many are frustrated and desperate to do so again.

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August 20, 2018, 05:05:41 AM
 #34

There are so much advantages given  when doing such trade. We can still manage our time even if we have a full time job. When we are already specialized in trading, it is more efficient and more profitable. Somehow, we are taking a risk in a good way that it will return back more than half of our balance.

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August 20, 2018, 05:14:05 AM
 #35

Can't be a day trader unless you are sitting on a pool of capital.
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August 20, 2018, 11:42:50 AM
 #36

Yes, there are many benefits from the daily traders that we specify are the right things and maybe we can mention them one by one. What is clear is that we use capital and profit that will also be obtained with all risks. We only need to draw full attention for a certain period of time, after we get a good income.
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August 20, 2018, 11:50:03 AM
 #37

Trading daily basis ensure that you develop a skill knowingly or unknowingly.  You develop capacity to endure all kind of financial stress.  You enjoy the wining and become sad for losing, all these make you who you become as a  trader!

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August 20, 2018, 11:50:40 AM
 #38

The advantage of a day trader is the profit is fast. You only need to engage your full attention a certain period of time, once you profit , you're done.

You only look at the advantage but one can lose a lot of money in day trading if things go wrong. We can do all kinds of calculations and analysis but many times market sentiment we can't guess and things can become worst.

All methods of making money quickly come with a greate risk so if one is ready to take those risks every day they can go for it. I don't like day trading instead prefer to invest and wait for the good profit.

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August 20, 2018, 07:26:28 PM
 #39

Day trading might give you a good return in a short time period, but the risk of losing is too high. But it has taught me a few important things which might and will be useful in the future as well. Increased my analytical, quick decision-making skills. Risk management is another aspect I am learning as well.
The primary advantage for which people seeks to be a day trader is the return percentage compared with a time period, which is high.

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August 21, 2018, 12:11:15 AM
 #40

Being a day trader gives you a opportunity to easily
switch to other trading strategies or use multiple
strategies.
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