with market conditions like this, are there any tips for continuing day trading?

[Joyawan13]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

[1715261918]

1715261918

[1715261918]

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[1715261918]

1715261918

[butka]

First of all, market conditions are not important when it comes to making money by trading. In bear markets you can always short and make money. The trick is to know when to do that.

Regardless of the market, however, the fact remains that probably 95-99 percent of retail traders are not successful. They lose a portion of their investment, or even their entire investment.

Given the above, the best tip I can give you is not to trade. Not trading is winning. Or if you want to trade so badly, trade on a demo account. Trade for a year or so, and if you find a successful strategy and if you have consistent profit, after that period of time go with a live account.

[QuadsPoker]

Check my topic https://bitcointalk.org/index.php?topic=5088423.0. People that say that in this market conditions there is no money to be made should check out the topic. Previous 30 days I managed to double my balance in this bear market conditions

[iqlimasyadiqa]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

It's easy that a trader must have precision and patience. accuracy is when there is a market situation that is not too good then we must do the analysis and when the momentum starts, we must immediately make a decision. while patience, we must be patient so that there is a good situation for the investment we have. without patience, we might lose a lot of things, waiting for price changes sometimes takes a long time, so that's why a trader should have patience.

[Ispep]

In any market condition,predicting the market is impossible,all you can simply do it put all your strategies and hope that they come out successfuly
Trading is a very delicate act and it involves quite a lot of skills and practice.
Make sure you apply the stop loss technique when trading to reduce potential losses

[dothebeats]

Then perhaps you are not looking deeper into the market conditions then. There are random spikes and falls every single day that happens so fast, so if you happen to be trading during those times, you will surely take some profits if you managed to take a good position. Intra-day trading isn't just about the opening and the closing; it's about the hours in between which generates a lot of profit for traders. Align your trading patterns/hours with most parts of the world and you'll surely get a better profit if you know what you're doing.

[palle11]

Given the above, the best tip I can give you is not to trade. Not trading is winning. Or if you want to trade so badly, trade on a demo account. Trade for a year or so, and if you find a successful strategy and if you have consistent profit, after that period of time go with a live account.

This last paragraph caught my attention. Advising not to trade at all is not the thing. Although, I understand you are perhaps giving out a warning. 

Yes, building a strategy is the way to be a better trader with daily profit. A strategy that works builds one account rather than just blowing up your capital in a strategy that is not consistent.

[butka]

This last paragraph caught my attention. Advising not to trade at all is not the thing. Although, I understand you are perhaps giving out a warning. 

Yes, you are right. That was my primary goal. Because many beginners trade in a compulsive way. They cannot stand to wait for the perfect moment. That is,

1) provided that they have previously developed a tested strategy which works well, and
2) provided that they have a go signal.

If your indicators don't give you an entry signal, then you wait. Not losing is winning. Unfortunately, patience is not something we are equipped with. So in the end most of us lose.

That's why I urge new traders to develop a system and prove it that it works well before actually engaging in trading.

[masterzino]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

I'm trying to exploit patterns around Perpetual contracts funding time and to this point I'm on profit. You can check closely OkEx and BitMex around 12 CET and 14 CET. There is still risk, but at least is fun

[bitvalak]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

Small traders must learn patiently and not be greedy to take moments. Because emotional factors can affect everything. All must be disciplined because of uncertain market conditions. Unless they really understand and understand the market conditions like this.

[Twinkledoe]

Even with this kind of market, you can still do your day trading. Just properly select which coin you want to trade. Not only check the movement in exchange, but read its background like the ANN thread, their website and further developments.

Check for their social media channels also. Sometimes they will give a hint if there will be pump going on. In short, better know your coin before dealing with it.

[kotajikikox]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

Actually difficult to generate profits at this recent pump and.dump of crypto market. Yhe ideas using bitcoin for pump dump is an opportunity to get profits.

[leowonderful]

I typically don't trade on the weekends as volume is usually pretty depressed during those times in my experience and some pretty wild price movements occasionally happen during the weekends, though not always. Crypto markets might be open essentially 24/7 excluding times for maintenance, but that doesn't mean you have to constantly be trading.

You can always take a break and come back to trading if you lose a significant sum of money as well. I do this quite often when emotions cloud my trading, and I usually come back with more control over my trading.

[karungbitcoin]

In this condition of market that the price look side away, its better doing trading by take profit between 10%-20%, dont forget use stop loss 4%. After take profit, and then buy back at lower price, by doing that will be possible to make profit up to 40% amonth, and we can compound it to increase the profit.

[udidrone]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

If me i'm not trade and take a rest. Because see bitcoin price and if i keep hold my capital, i think it's value on fiat is almost same even i get profit. That is why i already sell big percent from all amount of my money into fiat and maybe if price down again i start to buy BTC.

[jrrsparkles]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

If you are in need of money everyday then it is important to keep rolling your money but there is no need to do that if you meant to be a trader,just assist the condition and move your funds based on that,when there is not much movement on the prices of cryptos then doing nothing on that day is better than doing trading for losses.

[akram143]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

keep analysing the market condition continuously because spending a lot more time with day trading will definitely helpful you to learn new things and new strategies so each and everyone has their own strategy will definitely helpful for them to be unique in getting profits.

[gabmen]

as a daily trader even though with a market like this we must continue our trade correctly, and we must be able to make our trading strategies as much as possible so that we can benefit, even if it is not of high value, and whether there are suggestions from traders big here to tip new traders, so they can continue to trade and be able to generate profits, even with market conditions that are difficult for us to predict like this?

keep analysing the market condition continuously because spending a lot more time with day trading will definitely helpful you to learn new things and new strategies so each and everyone has their own strategy will definitely helpful for them to be unique in getting profits.

Well i think that's one thing. You'll have to spend more time in observing the market movement and with the current trend, you have to be ready in an instant to take advantage of a little slide or a little surge. I suggest going with lesser coins out of the top 10 since they seem to have more movements you can capitalize on.

[Harlot]

As you mentioned you are a day trader and market conditions like this are tough times to be one, the market is not as volatile compared to before and it is really affecting people especially traders with small position who are depending on their daily trade for their income. If market conditions are tough just accept that becoming a day trader isn't the best option right now, why not just position yourself and try to look for other ways of earning as waiting for the bull market is out best option right now.

[Idrisu]

If you are an experience day traders you will understand that you did not need much volatility to make money from the market and as such now is the best time to make money from the day trading.  However this depends on what you know and the skills you have developed.