The advantage of day trader

[akram143]

The advantage of day trader is loss is not that too much as you have your own daily exit plan. Though day trading is risky but if you know how to ride the market you may earn profit little by little daily.

I think the main advantage of day trailer the prophet always come to your friend everyday that's why they using day trading particularly otherwise there is no difference between day trading and long term investment is always same.

[Premooooo]

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.

It's true that this is good advantage for day traders for all trader that working every moment they want to enter the job their are like a boss make profit for their on way of trading.

[pinkpanther03]

Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?

Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea.

Absolutely right. Actually bull markets are always very easy to day trade since you know the chances of the market moving up is far more than it moving down anyway and you are trying to take advantage of the fluctuations in between all those movements compared to bear market but at the same time, if you are leveraging, bear markets too can be very profitable to day trade, since you can short the market. The best way to be able to deal with day trade and be able to do right is to understand the long term trend of the market and take advantage of that.

we know that bullish trend hasn't happened yet at this time, but as daytrade you can still make a profit even though bearish is still
happening, but the risk is big enough because if you're not carefuly maybe you will lose because prices will tend to decrease

That's right one of the advantages being a day trade you can able to make profit even though bearish is still happening according to what you just said.  But not all traders know the proper way of doing a day trade, I think only the expert one who can do that things. That's why I'm asking here that as a day trader it has a characteristic that we should follow for us to achieve the earnings here.

[cubicdissection]

there is some advantage for day trading like you can earn little profit daily but day trading require a lot of time and experience if you compare it to long-term trade

[himtater87]

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.

It's true that this is good advantage for day traders for all trader that working every moment they want to enter the job their are like a boss make profit for their on way of trading.

Day trading is one of the most profitable sources of income. If you know the market well, have the experience of trading, you are smart enough to handle this bearish market, and you can make money on daily basis. I love day trading because I cannot wait for long without doing anything. I want to do something good for my family’s secure and bright future.

[maydna]

Day trader gives the advantage for the trader to try to make a profit from many coins especially if the market keeps moving like today. But before you work day trader, you need to learn about the movement for each coin, so you know the right time to buy and sell. It cannot happen in shortly, but if you keep trying, then you can earn a good income in trading. The potential to get a big profit is wide open especially if you can improve your trading skill.

[hawkins]

Day trader gives the advantage for the trader to try to make a profit from many coins especially if the market keeps moving like today. But before you work day trader, you need to learn about the movement for each coin, so you know the right time to buy and sell. It cannot happen in shortly, but if you keep trying, then you can earn a good income in trading. The potential to get a big profit is wide open especially if you can improve your trading skill.

well, of course in terms of profits, you can make lots of profits from different coins, and that will certainly add to your experience in trading. however, there are so many things to learn, and I don't think you can benefit every time.

[millensharon8]

Daily trading is enough to drain the brain because we have to do research to select coins that will be traded and looking for coins to trade is not easy especially when the market has decreased. The method stated above is quite good even though it does not explain the risk taken. If daily trading is easy to get, surely everyone will choose daily trading and will not close the market. So I think everyone has their own strategies for their trade.

lol. Day trading is not actually for the faint hearted and you really want to be sure you know exactly what you are doing as far as day trading is concerned. In this case, it is all about what you know, the strategies you have and how well you are able to execute them without fear or emotion, which if you allow the latter to kick in, you will wish you never started day trading in the first place. The risk is very huge as well as the profit, but you really have to be good at it to get the best from it or the worst if you are not good.

[cluit]

Day trader gives the advantage for the trader to try to make a profit from many coins especially if the market keeps moving like today. But before you work day trader, you need to learn about the movement for each coin, so you know the right time to buy and sell. It cannot happen in shortly, but if you keep trying, then you can earn a good income in trading. The potential to get a big profit is wide open especially if you can improve your trading skill.

well, of course in terms of profits, you can make lots of profits from different coins, and that will certainly add to your experience in trading. however, there are so many things to learn, and I don't think you can benefit every time.

Benefitting every time is something that has to do with the market overall, as well as your own pattern of trading in most cases, but the main thing here is that you really want to know what you are doing, and know that you actually do have the time to be able to monitor your trades as far as day trading is concerned.

It can be a lot promising in terms of huge gains from it if you are good, but in the same vein, it can be different negative stories, if you are an emotional trader that has no strategy at all. It is a totally different ball game when compared to other styles of trading and the same way it can be pretty incentive, is the same way it can ruin your pocket if care is not taken.

[Xising]

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.

Well, although I agree with the above-stated things, I also, thing that if you are into day trading, the risks that you should shoulder is way more compared to other people who venture in other fields in the cryptocurrencies market. I say that because of the fact that it is required of you to closely look at the market because the window to make trades is very narrow, especially since the market is not doing so good at the moment. I know day trading can really be profitable, but at the same time, it can also be a market that can make you regret.

[ausbit]

Daily trading is enough to drain the brain because we have to do research to select coins that will be traded and looking for coins to trade is not easy especially when the market has decreased. The method stated above is quite good even though it does not explain the risk taken. If daily trading is easy to get, surely everyone will choose daily trading and will not close the market. So I think everyone has their own strategies for their trade.

Hahahaha! I agree with that fact that day trading can really drain your brain and make you a lot tired than you can imagine, but this is something that depends on each individual.

The thing with day trading is that you have to be focused on the screen most of the time, as you need to be making quick decisions since all you are after are the intraday fluctuations, and you simply do not want to either miss a chance to do the needful at every point in time. Nonetheless, it can be very interesting if you know what you are doing and you are hitting it big, but the risk is always there and it is not for everyone.

[bitcoinrays]

there is some advantage for day trading like you can earn little profit daily but day trading require a lot of time and experience if you compare it to long-term trade

One big advantage of day trading is that you will never feel bad in the market if you are capable to make money from daily trading. You can even make money from this bearish situation of the market. If there is up and down of $100 dollars daily, it is enough for a smart trader; he can make good money from this low price fluctuation. But traders should mostly trade in bitcoin. It is better than Altcoin trading.

[kopijos]

the advantage of the daily trader is that we can still manage profit every day and that can be part of the strategy, even though the profit can be small starting from 10-15% but it continues to run every day and it can be a good income.

[oceantiger]

Those steps mentioned are the advantage of day trading what about the other side of day trading? If given would have given a newbie trader the opportunity to chose from. I know there are some pitfalls associated with day trading which are not good for any trader especially the newbie traders. What I will do here is to enumerate some i know while others will continue on the disadvantage of day trader.
1. Leaving the market too early
2. Always  not having good capital base
3.Massive fund lose.

[amd6678]

Day trade is a bit risky but if you have a good skills in trading i think today is good time to do that because the price goes up a bit and slowly go down again after a few days short term is a good choice for trading today.

[iMark]

The advantage of day trader is loss is not that too much as you have your own daily exit plan. Though day trading is risky but if you know how to ride the market you may earn profit little by little daily.

but if you don't have the knowledge and skills then daytrade will easily give you a loss? if you are not alert and ready, maybe your losses
will be much greater if you don't keep on standby on the market because day trade requires a lot of time allocation?

[devinks]

The advantage of day trader is loss is not that too much as you have your own daily exit plan. Though day trading is risky but if you know how to ride the market you may earn profit little by little daily.

but if you don't have the knowledge and skills then daytrade will easily give you a loss? if you are not alert and ready, maybe your losses
will be much greater if you don't keep on standby on the market because day trade requires a lot of time allocation?

Surely all people who trade must have high skills and knowledge, otherwise it will be easily fooled by buyers. the risk of trading is large, especially when the market is unstable. must be patient and smart to find opportunities to always be profitable even though the benefits are small.

[BoitCoinZen]

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.

Well, although I agree with the above-stated things, I also, thing that if you are into day trading, the risks that you should shoulder is way more compared to other people who venture in other fields in the cryptocurrencies market. I say that because of the fact that it is required of you to closely look at the market because the window to make trades is very narrow, especially since the market is not doing so good at the moment. I know day trading can really be profitable, but at the same time, it can also be a market that can make you regret.

Day trading is no doubt a very risky way of making money, but I think that it is also the shortest way of making money, in fact from day trading a person can make a lot of money in a short time, because short term investment always give us opportunity to make money from there.

[Inikoo]

I am not sure, it is that easy, you can make nice profits, but also loose a lot. Sure not having a boss is a good point But education is still very important, maybe not expensive, but without doubt, a lot of effort to become as good as to be able to constantly making money. And let's not forget about, that you need an initial investment, which many people does not have, so in that manner, an "expensive education" may be cheaper..

[sumanto]

the advantages of doing daily trading are very many, you can get a profit with a daily period and make sure you trade daily when the exchange conditions are crowded and the coin price movements are very fast then you will be easy to benefit when such moments.