The advantage of day trader

[apimembership]

i think there are many pros/cons for day trading and i dont think it is sustainable in the bear market. it is hard to gain all the time and if you dont play smart, you can loose all money that you gained from it easily.

[lienfaye]

How about the bad sides of being a day trader?
What you have said might be right, the chances of having a huge profit (depending in your capital) through day trading is true but that's not always the case for some trader. If you will ask me day trading is hard especially it requires longer time and you must be alert for monitoring your coins. If you missed the right timing to sell and the coin you hold consistently drop then your effort will go to waste. Sometimes its easy to say its more convenient than other strategies to use when you trade but you cant really tell unless you experienced it already.

[jerry0]

Do most of you daytraders immediately sell your altcoin to btc and then immediately to usdt?

[jerry0]

how many hours a day do daytraders go on computer?

[beezare]

everyone has different abilities and knowledge about trading, in my opinion daily trading will provide if you have good knowledge and strategies about trading and you have time to be able to trade daily because if you succeed in trading daily then you will get daily income too

[DanTalksCrypto]

I think people here would benefit from the discord group I'm in. Especially today as later on there will be charts galore (see my separate post on Firepit Friday) - it'll help you see what it is all about. We only want to stay in trades for a short time and therefore minimise risks or huge dumps. But of course - the more time you can devote to it - the better! My username is the same as on here so come and say hello. Happy to talk you through.

https://discord.gg/BN9P2tk

[cfif123]

each trading style has advantages and disadvantages. Day trading is very useful in conditions right now because the market is still in a State of very long correction. Gains and trading style that fits is the day trading.

if I stay up late I use it for the long term, because the benefits that will be obtained are also greater than daily trading. especially now that market conditions are always falling

[manggis97]

From high fluctuacion of crypto we can make profit up to 50% aday from day trading,  so will be possible to make profit up to 500% to 1000% amonth in bullish market, this is very high return and we still possible to make it.  But offcource will not easy to earn that huge profit,  we should be dicipline with trading plan and risk management. The advantages of crypto trading is we can change our life from it,  from poor people can be rich just in short times because offer high profit.

[wayaneka]

There are many advantages of trading but this trading activity also has high risk,  for beginner trader is better use trading activity as second job and dont quit from the main job. We can still make money only by spend alittle hours aday in trading with swing trading. To make profit from swing trading, we have to analysis trend of crypto market so we will know when should be entry and exit from the market.

[Kasabus]

There are many advantages of trading but this trading activity also has high risk,  for beginner trader is better use trading activity as second job and dont quit from the main job. We can still make money only by spend alittle hours aday in trading with swing trading. To make profit from swing trading, we have to analysis trend of crypto market so we will know when should be entry and exit from the market.

Having a good strategic plan will surely give traders to be a successful one. Though it doesn't required enough time for trades but it is important also to regularly check market trend. In such way, you have idea of what will be the next step you'll especially in declining trend. You may take advantage of buying more coins and makes more profit from it. But unfortunately, we can't earned that much today due to market crisis.

[Sadlife]

Yes this is one of great advantage of day trading you can make immediate gains just by trading and even make it as a source of income when your profitting 1% daily but at the same time it is very risky especially when the market is in a bearish trend and your still a newbie in trading.

[deus030518]

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.

For me the benefits of being a day trader is you make your own profit. You can earn daily and you can get the highest price when the market bulls because you monitor the price in the market.

[ongkok87]

for now I have not felt the results of daily trading, because I prefer to hold back until the coins I hold increase in price so that there can be good results later

[Crypto_Spike_Factor]

Hodling a cryptocurrency makes you relax as it is an asset. Though day traders advantages is they are able to push more volume for their crypto portfolio.

[Obama07]

As a trader I can say there are lot’s of advantage of day trading. Day trading is a very profitable but is very risky if you don’t have any idea with day trading so you can’t make profit in your day trading. It is a very popular system to make a profit in your day trading. You can make a huge amount of money in a day so I think it is a good opportunity for every day trader.

[BitHodler]

For me the benefits of being a day trader is you make your own profit. You can earn daily and you can get the highest price when the market bulls because you monitor the price in the market.

Basic noob nonsense. Firm traders never assume that they will be able to make daily profits, and it's even close to impossiblel unless you are a market maker yourself and based on that squeeze profits out of the market.

If even wall street level traders admit that they have had days with consistent losses, you aren't really helping yourself by saying that it is possible to profit on a daily basis, especially when it comes to the crypto market.

I tried it all, slow trading, day trading, investing, and so forth. I can say that I'm happy to just stick with hodling right now, which implies that everything else is not worth my time because it doesn't work out the way I want.

[awik p]

As a trader I can say there are lot’s of advantage of day trading. Day trading is a very profitable but is very risky if you don’t have any idea with day trading so you can’t make profit in your day trading. It is a very popular system to make a profit in your day trading. You can make a huge amount of money in a day so I think it is a good opportunity for every day trader.

i think daily traders do not target big profits every day, but if calculated in a month, results will be large. to become a daily trader, we have to learn a lot, because it requires high skills

[neonshium]

There really are many advantages.

Quick sells are the most important part of a day trader. You can be an investor and you will have to wait for days even weeks hell with this bear market for months but in the end you are not going to get anything if the market is declining. If however you are a trader than you can sell when its dropping and rebuy when it dropped enough and even have chance at making profits during the bear market days.

Day traders can react a lot quicker and they have the chance to really get out before its too late, investors do not have that chance and they can't take that risk neither. Day trading is better if you want less losses but investing is better if you want bigger gains.

[ShadowBits]

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 think as a trader I can never pay taxes for my self, at least that's what I know of, but for me I don't. So be a good trader and work yourself out of poverty.

[Pom_bensin]

A Day trader has the advantage that they can avoid losses, because what they think is trying to make a profit and they have to make a decision even though the profits are very small. for me it's a safer way because we don't wait too long. Existing margins must be utilized as quickly as possible, the profits obtained are collected in a phase and when summed up, I am sure it generates considerable money. Day Traders reduce losses and also provide regular income for all of us.

even though trading daily gets a small profit, but if it is collected every month can be a big profit, we can rely on more daily trading than long-term trading that we can get a big loss at any time.