Day Trading

[kidoseagle0312]

95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!

Being a traders actually was a very hard thing for now, especially in the situation we have it now in the market. Almost 1 year that we faced bear market and most of the community suffered and loss their coins and capital as well. So the only tools for us to earn was really a day trade system in the platform exchange.

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[kkaroul4]

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient

[icecube45]

Yes, I agree with you that most people fail when daily trading due to lack of knowledge and time. It is true that crypto trading is very difficult because the price is very fluctuating so we need more knowledge to be able to succeed and enough time. Doing your own research is indeed necessary to find out whether crypto conditions are feasible for daily trading or not. In addition, the lack of seeing the market is also one of the causes of failure, because I believe that always looking at the market will certainly be easy in determining daily trading.

[TheUltraElite]

Being a traders actually was a very hard thing for now, especially in the situation we have it now in the market. Almost 1 year that we faced bear market and most of the community suffered and loss their coins and capital as well. So the only tools for us to earn was really a day trade system in the platform exchange.

I dont believe that the bear market actually made you lose anything unless you panic sold all your assets which in reality would be a dumb thing to do in the first place. What you did lose is the dollar value average of the coins that you have been holding all the while. If you are having faith in them and have the reason to believe that they will go up from here then by all means follow that. However 99% of altcoins dont have any value whatsoever so better bring those money back to bitcoin.

Stablecoins might seem a good option to move to temporarily but dont forget to switch back to bitcoin once you are done trading with them.

[Joyawan13]

yes, not only do new traders today fail to trade on their day, many old traders have experienced failures and losses in their current trade, this year I admit that it is difficult for me to be able to benefit from trading my day, so maybe I am investing in the long run is the best way so we are not too risky.

[neonshium]

for now, daily trading is good to get results, although a little, but the market has started to continue to increase, it is very good to get profits every day

I think that the market we are gonna get the price surged in the near future. Which means positive effect on the day trading as well which is a good sign and will attract the day traders ?

Couple of months ago, when the price was all time low after the 2017 boom, sharp people thought it wise to invest and save value in Bitcoin. And right now the value has been quite optimistic as a result of which day trading has been a bit good as compared to those times when the day traders would cry over spilt milk.

[voztata]

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient

Patience is the key to success in trading. Day trading is never meant for newbies who have just entered the markets.

Peoples should try to hold as much as possible rather than selling for a short term. Short term profits are quite low and the risk is always higher but for long term profits, we are at least secure and we know the future will show great prices for each coin as the markets will grow up. We can only have big profits if we are able to buy a coin at a exact dip and hold until the coin is onto the peak.

[ovcijisir]

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient

Patience is the key to success in trading. Day trading is never meant for newbies who have just entered the markets.

Peoples should try to hold as much as possible rather than selling for a short term. Short term profits are quite low and the risk is always higher but for long term profits, we are at least secure and we know the future will show great prices for each coin as the markets will grow up. We can only have big profits if we are able to buy a coin at a exact dip and hold until the coin is onto the peak.

That is why I quit trading. I tried to generate profit by trading but got burned while doing it. Just hodling for now

[nelsledma]

Day trading has a lot of risks if compared against mid-range or long term trading. We can't predict the price for short term as even after we buy the coin, it might start dumping and in such situation we might always need to hold the coin until we see it rising again. Day trading is meant for extremely volatile coins with high trading volume. Research is always needed if we tend to have profits. Investing randomly in any of the coin for day trading will only give loss.

[Distinctin]

Day trading has a lot of risks if compared against mid-range or long term trading. We can't predict the price for short term as even after we buy the coin, it might start dumping and in such situation we might always need to hold the coin until we see it rising again. Day trading is meant for extremely volatile coins with high trading volume. Research is always needed if we tend to have profits. Investing randomly in any of the coin for day trading will only give loss.

Though we consider that it there is a lot of risk but we are gaining much than for a long term trader that's because the price keep moving and every single fluctuations we usually take advantage on it. Long term trader is safe for possible losses but we don't know if that certain coin will move high than of your buying price not unless for Bitcoin and some potential altcoins.

[Finestream]

Day trading has a lot of risks if compared against mid-range or long term trading. We can't predict the price for short term as even after we buy the coin, it might start dumping and in such situation we might always need to hold the coin until we see it rising again. Day trading is meant for extremely volatile coins with high trading volume. Research is always needed if we tend to have profits. Investing randomly in any of the coin for day trading will only give loss.

Though we consider that it there is a lot of risk but we are gaining much than for a long term trader that's because the price keep moving and every single fluctuations we usually take advantage on it. Long term trader is safe for possible losses but we don't know if that certain coin will move high than of your buying price not unless for Bitcoin and some potential altcoins.

Well both are really risky in the first place especially if you really don't know much about the coins you have invested.But i believe it's more safe and secured to invest in long term trading than day trade that demands more effort and time to monitor the market.But if you think you are more capable of doing day trade than in long term trading,then do it as long as you'll still make profit at the end of the day.

[manggis97]

Yes we need times to get financial freedom from trading,  that not easy but will be possible if we keep learning. Use previous mistake to make others better strategy. Warren Buffet is one of the richest man in the world and they can make it from trading activity, and also we have opportunity  to make it too.

[GreatArkansas]

No, 95-99% of traders fail because of poor risk management firstly. Then the second reason is that they haven't mastered at least the essential parts of technical analysis. Then comes the emotions, FOMO, etc.. You see.. daytrading is no easy job, you need a lot of time to become proficient and it is not for everybody.

Exactly! Risk management is very important in trading. It's easy to learn the basics of trading but when it comes to the risk management and emotion it's so difficult, I also experienced when I just started crypto around 2017, and I started losing huge money because of my emotion and risk management. Now, I learned so many things in my past experiences.

[TheUltraElite]

Yes we need times to get financial freedom from trading,  that not easy but will be possible if we keep learning. Use previous mistake to make others better strategy. Warren Buffet is one of the richest man in the world and they can make it from trading activity, and also we have opportunity  to make it too.

I dont understand how trading can give you financial freedom. Bitcoin can be opined to give you financial freedom though not entirely but how does trading in general come to free you from the binding imposed by the government? I would not advice you to blindly follow what others are saying.

You should know that people like Buffet have been wall street traders for years and their experience has been immense. You may be sidetracked by listening to them and though there are golden nuggets in them, I would suggest you to take it all with a pinch of salt. Buffet was initially not interested in bitcoin but who know what manipulations he might be doing in the background.

[traderethereum]

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

indeed, especially now to get a large profit from trade we must be patient to wait for the market to rise so that the coins traded increase in price. so to get a big profit it must be patient

Patience is the key to success in trading. Day trading is never meant for newbies who have just entered the markets.

Peoples should try to hold as much as possible rather than selling for a short term. Short term profits are quite low and the risk is always higher but for long term profits, we are at least secure and we know the future will show great prices for each coin as the markets will grow up. We can only have big profits if we are able to buy a coin at a exact dip and hold until the coin is onto the peak.

That is why I quit trading. I tried to generate profit by trading but got burned while doing it. Just hodling for now

Holding will be fine if you are not sure about choosing the right coin. Sometimes I hold my coins too as you because if I force myself to trade, I don't think that I can make a profit, but I can get lose to buy the wrong coin. Trading can not do in a rush because once we are too fast to decide, it will make us get doom on that day. So if you are sure, then you can try to choose the coin and make sure to buy after you can know the good price to buy.

[Noa_Amable]

Definitely in the trade of cryptocurrency need information confirming that the project has a good prospect and will grow in the long term, so you need to have patience and discipline to consistently make a profit)

if you don't know much about the project then don't try to trade its coins.
it is better to trade big major coins just because their fluctuations could be positive after all.

[BitcoinTurk]

Daily trading is not as easy as it seems and as simple as it seems. In particular, many investors who want to try this activity often fail to think that the event also revealed how serious it is. On the other hand, there are many inconvenient conditions such as controlling the market more actively than long-term investors and traders who buy-sell in a certain period of time, and they do not have to end-of-day transactions. For this reason, users who want to trade daily should be well acquainted with this market and must have good control. It is also an important factor that new users do not do these transactions immediately and not use all their capital in these transactions.

[Upgrade00]

On the other hand, there are many inconvenient conditions such as controlling the market more actively than long-term investors

Traders do not control the market, it is impossible to control the market. It can be manipulated to an extent, and the chances reduces as more investors come into this space.
As a trader you forecast the next direction, using charts, technical analysis and other available tools, news and media publications.
There is also an arbitrage option as well as a shorting option.

[neonshium]

Yes we need times to get financial freedom from trading,  that not easy but will be possible if we keep learning. Use previous mistake to make others better strategy. Warren Buffet is one of the richest man in the world and they can make it from trading activity, and also we have opportunity  to make it too.

We will all surely make it too just like him. Nevertheless, day trading has actually helped lots of us financially though we trade with caution and care, learning is the first stage while paying close attention to the market is very important, even warren buffet being a very rich man does not joke with risk management, so provided we don’t toil with risk management, virtually, everyone can get financial freedom from trading as you said.

[sijonru]

Day trading has a lot of risks if compared against mid-range or long term trading. We can't predict the price for short term as even after we buy the coin, it might start dumping and in such situation we might always need to hold the coin until we see it rising again. Day trading is meant for extremely volatile coins with high trading volume. Research is always needed if we tend to have profits. Investing randomly in any of the coin for day trading will only give loss.

I believe that daily crypto trading is only done by professional actors who are the source of their income from crypto trading. Because if you are a beginner or amateur, of course mental, brain and capital will not be enough.
This is proof that crypto traders can survive and become more profitable by cultivating a digital money business that is difficult for many to understand. Apparently there is nothing difficult, if indeed the enthusiasm for mastering the crypto trade is very large.