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Author Topic: with market conditions like this, are there any tips for continuing day trading?  (Read 283 times)
mikeywith
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February 11, 2019, 07:26:29 PM
 #21

I would like to make a small correction, we are no longer in a bear market, this phase is a side-ways market, until we make a lower low - this theory is still valid.

this type of market is a great platform for day traders, it's the worst for those long term guys, but for a day trader if you don' make enough profit in this market condition, then something is seriously wrong with your strategy.

the best strategy for these types of markets is trading the break-outs , the only time btc will make any good move is by a break out of support or resistance,  this strategy helps in setting a good SL/TP ratio too.

something like this >




wait for a break-out , go long. set TP and SL .


it's not a rocket science, just learn how to sport trends and horizontal S and R , wait for a break out, SL is under/above trend , TP is the next S or R line.

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February 12, 2019, 03:46:35 AM
 #22

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?


In this situation you should have clearly stop loss and take profit point and always follow it. Use small target for your strategy and ignore news because news can't make you think again not action. Day trading is difficult but it doesn't mean can't do, follow your strategy and stop when reach the target, repeat again next day.

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February 12, 2019, 05:37:02 AM
 #23

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?


In this situation you should have clearly stop loss and take profit point and always follow it. Use small target for your strategy and ignore news because news can't make you think again not action. Day trading is difficult but it doesn't mean can't do, follow your strategy and stop when reach the target, repeat again next day.
the condition of the current exchange place for daily trading is no longer able to provide you with benefits, precisely when you trade it will risk the loss that can occur at any time to you.
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February 12, 2019, 05:40:51 AM
 #24

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?
The basics of daily trading is more important to learn how we can predict and how and when we can sell our investment and the day it will be enough for a trader to get his income everyday but the most important thing is experience if you don't have that you will not get successful

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February 12, 2019, 06:28:02 AM
 #25

What i do is hold and hold until my coin get pump and until now bitcoin and other coins is slowly pumping up so it's better to hold up to earn a huge money also and not always lossing.

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February 12, 2019, 07:19:10 AM
 #26


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.  Roll Eyes

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.

Same here. It was all good until that last paragraph. It is still better to be knowledgeable to all things involving crypto whether it be mining, investing, or trading.

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February 12, 2019, 09:21:18 AM
 #27

 Common tips for continuing day trading is to build a new strategy to protect your portfolio and to reduce risk situation. Because there's no other ways for it to exit especially if you have huge losses.  So much better to stay and build a certain strategies to regain losses,  indeed everything is temporary which for sure soon there will be good situation again.
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March 26, 2019, 03:04:13 AM
 #28

Any times is good for day trading , even in bearish trend we can make profit by shorting potition in margin trading, we have to understand about trend of market, if the trend bullish just like now is better make trade on spot market by potition long. So the key is understanding about the trend, the trend of market only divide in to bearish, sideaway and bullish.

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March 26, 2019, 10:29:50 AM
 #29

If you are not really experience and know the market situation then its better to stop trading, its still possible to make a profit despite the bear market condition, when the market still fluctuative then the chance to make profit still exist, but in bear market the difficulty of making profit is increasing, once you make the wrong move the lost could be fatal
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March 26, 2019, 01:51:19 PM
 #30

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 don't have any age strategies what I can do in the previous days I will follow this situation also the only think is the panic will increasing every time when the market is going down otherwise making profit is also same like the normal situation in trading.
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March 26, 2019, 08:52:56 PM
 #31

Actually investing here in crypto is very risky even day trading or long term still if you can handle this like you invest only a little like really affordable for you then no need to think negative and just continue what you do another thing if you compare this in some investment or business then crypto investment are worldwide not like others so think that like many people really use this

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March 26, 2019, 10:04:30 PM
 #32

Traders still market profit on a bear market because even while itvis down, there are also some buy within and people make money on it. If you can not make profit though, it is better to stay out for now and even yourself with something else till market recovers.

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March 26, 2019, 10:25:26 PM
 #33

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 do not really recommend that you continue to trade every day continuously in the current market conditions and indeed I also admit that now is an inappropriate time to trade every day if it is not based on detailed knowledge, it takes precision to observe the market accurately every movement every day, is not as simple as what has been discussed here, if to make a long-term investment is very good if you have very good funds, all must be prepared for future risks because the market is very difficult to predict with not too much increase but more losses that must be prepared when falling at the wrong time.
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March 26, 2019, 11:32:28 PM
 #34

As long as there are fluctuations in the price charts, day trading will still be a good options to earn profit. For sure there will be times of losses and profits just make sure to rebound higher than losing.
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March 27, 2019, 07:50:21 AM
 #35

At this market condition it is best to hold the coins whenever we make profit we can't trade crypto with slight margin growth why because the market movements are very less these days
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March 27, 2019, 09:45:00 AM
 #36

Tips for continuing day trading?  Well in my opinion it's up to you actually and you really don't need any tips for it because to be honest in a simple technical analysis in the market you can easily get and idea and strategies about it wherein if it's really good to continue or not. so i suggest bro stop relying on others and sometimes make your own move to answer your all question it's very simple problem actually.


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March 27, 2019, 02:28:06 PM
 #37

As long as there are fluctuations in the price charts, day trading will still be a good options to earn profit. For sure there will be times of losses and profits just make sure to rebound higher than losing.

That is, if you know how to read those trend and take advantage of it, otherwise it's going to be hard to make money day trading if you don't know at least some basic. With that said, if you love day trading, then try to learn and anticipate what could be the next move based on the trend of the coins you are planning to day trade. It sounds easy, but it's not, you also need to have some mental toughness and know when to sell and book profits. But for those who doesn't want to complicated things then you have the options to just HODL, just saying.

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March 27, 2019, 03:22:26 PM
 #38

Well, in this market situation you can follow two pronged strategies, use 70 percent of your funds for long-term holding and with the rest of the 30 percent go for day-trading.

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March 27, 2019, 03:26:12 PM
 #39

It is really just "whoever uses trends better" at this point. You have to follow up on the trends of the price movements and react to them the best way you can. Bitcoin going down a bit ? Then buy bitcoin when the going down stops. Bitcoin going up a bit ? Then you have to sell bitcoins when it stops going up. That way you can literally make money to the fullest during this time period.

It is certainly not a daily thing and it is not day trading but it s quite short term trading and you can do it couple times a month easily, probably like 4-5 times a month which is really good enough for this market situation. You can't hope to make profits daily on a market that is this much stagnant, it is not moving enough to make it a valid day trading opportunity for the traders.
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March 27, 2019, 08:54:52 PM
 #40

If you are not really experience and know the market situation then its better to stop trading, its still possible to make a profit despite the bear market condition, when the market still fluctuative then the chance to make profit still exist, but in bear market the difficulty of making profit is increasing, once you make the wrong move the lost could be fatal
In bear market, it is not really hard to make profit, the only factor that has been making it look too difficult is because of panic sell that most weak investors do and the fear of the coin getting dumped at any time which might lead to fatal loss when trading, I agree with you but now that the market has bottom, most weak investors has already left the market and most coins are all reaching out for upward prices now and even if there is going to be any fluctuation in price, it is usually in favor of bull now though the price difference might not be much but the little profit on them is still worthy of taking.
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