Day Trading

[MI6]

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

Need a lot of experience to do day trading, from how to pick right coin and then how to manage profit to be maximized in day trading. I myself still not really good at day trading. Especially when price go down and i always panic to pick any decision.

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[steven robert]

in day trading we should not have fear and greed we get profit close trades and stop trading , we set limited loss and that loss is reached we stop trading

[onrise]

in day trading we should not have fear and greed we get profit close trades and stop trading , we set limited loss and that loss is reached we stop trading

Risk is involved in the trading so that fear will always be their . But yes one can easily avoid greed and this will help therm to take decisions rationally and buy and sell accordingly without any emotions getting involved . So trade wisely and be responsible .

[kakonhat]

I think I am not good for day trading even regular trading mainly in cryptocurrency, so I have chosen HODL. It's not risky than day trading. Yes, it could fall down the price of my holding tokens but I am not losing the token. When the price will rise my balance will have become good. So, it's right that don't take day trading method if we don't have good knowledge about cryptocurrency trading.

[ongkok87]

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

indeed for now it is still difficult to trade daily because getting profits is still difficult, but if the bear market is over it's good to trade daily to earn money

[TheUltraElite]

in day trading we should not have fear and greed we get profit close trades and stop trading , we set limited loss and that loss is reached we stop trading

Fear and greed are some basic things that every trader must master in order to be successful not just day trading. Being specific to margin trading is the anxiety associated with the taking of loan and then having to pay it back in time by using the market movements to make a profit. I personally am not a fan of day trading but prefer spot trading - buying low and selling high. But there are people and some members of this forum who are doing this to make money.

Limited loss is something I cannot understand what you mean by saying. Are you talking about stop/loss limit orders?

[pieppiep]

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

indeed for now it is still difficult to trade daily because getting profits is still difficult, but if the bear market is over it's good to trade daily to earn money

I think at this time you can still trade daily but it will only provide very little profit because you know that coin price movements do not occur so much that the potential to earn very little profit.

[Moiyah]

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!

I always do DYOR. But still, I failed in trading. It is not a about the lack of DYOR and fell for FOMO. There are so many factors that may affect the failures in trading which I personally experienced. I ignored stop loss, stop limit before.
 My buddy adviced me back then to use it and be not too confident about my TAs and indicators. Too much confident will destroy our strategy. Also, try to listened with someone who are more experienced trader than you. There is nothing wrong if we tend to listened to them sometimes.

[marcous]

Indeed! becoming a daily trader is not easy to remember the need for skills and experience. Moreover, the chart and buy support is not a guarantee because of the fake wall. At least, becoming a day trainer, don't be greedy because for true traders rescue your capital is more important than having ambitions with big profits. Back to your passion.

[FIFA worldcup]

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!

All that depends on the abilities we have. As long as we have the ability to analyze and always pay attention to the market situation, we can get good results. Continuously monitoring the market is a must for a day trader, a day trader must be able to make decisions quickly and precisely !!

We need to be very experienced if we want to do day trading. Also we need to be very precise in picking up the coins to trade and buy/sell them at the perfect time. This only comes with experience and no one will able to taught you these skills.

[JohnBitCo]

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!

All that depends on the abilities we have. As long as we have the ability to analyze and always pay attention to the market situation, we can get good results. Continuously monitoring the market is a must for a day trader, a day trader must be able to make decisions quickly and precisely !!

Even the good and experienced traders find it difficult to do day trading in the current time where mostly the coins are dumping. Day trading is very much profitable in the bull market as we know that every now and then the price will move up giving a lot of profits in all the coins in short term.

In bearish times, it is almost impossible to cash out profit on daily basis as the market does not move that much and midterm hold is more better in such days.

[omonuyak]

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!

To some extent we can predict the price of bitcoin and takes the advantage of little price movement to make profits in the cryptocurrencies market.  The news that come into the market and upset the trend do not happen often and that give us to makes little profits along the way as a day trader.

[pawanjain]

Day trading is surely a tough job as it involves constant updates of the prices of coins, constant reading of charts, being updated to daily news etc...
A day trader has to do more hard work than a short/long term trader. Besides that the price of coins can go in any direction since they are unpredictable.
So a day trader has to mark his targets accurately and end the trade on the set targets, if not he might loose a significant portion of his profits.

[crzy]

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

Need a lot of experience to do day trading, from how to pick right coin and then how to manage profit to be maximized in day trading. I myself still not really good at day trading. Especially when price go down and i always panic to pick any decision.

Emotion can be your greatest enemy in trading, because you are seeing the market moves very fast and you have to think right away. Better to do long trade if you think your emotion will be the problem, and make a good strategies on this one. Day trading is not good for those who have no time in trading, less experience and who has a weak emotion.

[ymer]

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!

It is very consistent that exchanging will bring you more benefit. Be that as it may, just here is the clouded side of the coin, on the off chance that you all of a sudden fruitlessly went into short or long, at that point there is an opportunity and lose your cash. When contributing, you consider the task in detail, get some information about it, or they encourage you to put resources into it. What's more, shouldn't something be said about me, regardless I can not single out a certain something, I consolidate. Be that as it may, I lean toward trade more.

[adzino]

traders fail not because they arent prepared . they failed because trading is a hard game  , how much more if day trading ? we didnt know the next movement of the coins . at first sight they can be rising but after you decide to sell , the price suddenly fell off  and that was not your fault if that happens because you are only doing the right move its just the market is verry manipulatable .

Yeah, if the price falls then it means someone is manipulating the market? That person knew exactly when you will sell? Put it some better logic. They actually sell at the wrong "moment" for which they suffer loss. The trader is to be blamed partly for their part of mistake. Just stop blaming everything on the market manipulators. There is a high chance the user who faces this kind if loss actually does not know how to day trade. Learn first (from your mistakes too) and then start risking.

[Bunsomjelican]

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!

This true and real happened in the market so far. That's why lucky to those traders know how to apply properly the day trade methods for us to earn daily, it has risk involved. But no worries as long as you know what you are doing for sure everything will be fine even the market is unpredictable.

[Fredomago]

day trading is very difficult we need to know when to capture the moves and market conditions and risk management is much essential for day trading 

Need a lot of experience to do day trading, from how to pick right coin and then how to manage profit to be maximized in day trading. I myself still not really good at day trading. Especially when price go down and i always panic to pick any decision.

Emotion can be your greatest enemy in trading, because you are seeing the market moves very fast and you have to think right away. Better to do long trade if you think your emotion will be the problem, and make a good strategies on this one. Day trading is not good for those who have no time in trading, less experience and who has a weak emotion.

You have to understand the risk factors of maintaining your emotions while you are inside trading, day trade can stress you up if you failed to follow the right track, taking decisions is really stressful while regrets always accompanied your mistakes, inside long term investment you can set good strategy
and target entry and exit positions while patients is the most important tools.

[akram143]

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!

the concentration in your trading is very important to be a day trader forgetting quick profits again and again and it will be very hard to understand the daily situations and the best time for trading this will be not been experiencing lots of newcomers that's why they are still laughing their investment in day trading but otherwise day trading is always a good way of money making.

[romaleshc]

Day trading also will be profitable if you trade only high volume assets and you must be ready to convert your day trading into short term trading. It may prevent you to book losses within a day. When we trade highly reputed coins and tokens then we never need to worry on where we are heading and what could be closing value for a day.

I don't think so. There are so many lucky traders whom trade low trading volume cryptocurrencies but right time so they still can earn big profit in just a day. But for now, I don't think the matter is high or low trading volume, I think the main problem is how good trader you are.