Day Trading

[Taki]

it is not for everybody.

That's totally true. Daily trading asks for time and feel of the market. Add to that daily targets should not be super high or super low in another case you may take for long to sell/buy.

[kodtycoon]

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.

thats right amount high of volume can't always give profit, daily trading must see market condition well can also by manipulating price to get profit but it is also difficult must to be cooperate. analysis is also often not right so I think daily trading does't always get a profit especially by using the ongoing daily high or low volume method

[Ararbermas]

Yes because DYOR is the only key on this kind of business which is a big help as well for us to become comfortable no matter what happen .actually that basic strategy is the common reason nowadays why some noobs always repenting after making mistakes.  .which because of being lacks of knowledge and always quick jumping without specific strategy they're always lossing money.  

[Wexnident]

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.

There are circumstances that the market situation really affects on your trading strategy, it does not matter if your good or not, if the market is ideal anyone can gain from it depends on how much they put on it. What matter the most here is how do you manage your asset.

[Oceat]

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.

There are circumstances that the market situation really affects on your trading strategy, it does not matter if your good or not, if the market is ideal anyone can gain from it depends on how much they put on it. What matter the most here is how do you manage your asset.

Well, it is a bonus for pro traders if the odds of the market is on their side but for the newbies, in trading, it is not a recommendable idea to let them rush in trading. They should have first learned the basics and at least have a small idea and experience of how the market will move. By doing it slowly but surely they will start to gain some small profit by trading with a small amount first.

[Golftech]

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.

There are circumstances that the market situation really affects on your trading strategy, it does not matter if your good or not, if the market is ideal anyone can gain from it depends on how much they put on it. What matter the most here is how do you manage your asset.

Understanding the risk and manage well your assets, day trading or shorting the market can lead traders to earned small profits having a good position inside the moving market, you can take any calls if you have a good skills analyzing the current movement, it's risky for beginners as there's lots of factors to identify before you can pick the right positioning.

[panganib999]

it is not for everybody.

That's totally true. Daily trading asks for time and feel of the market. Add to that daily targets should not be super high or super low in another case you may take for long to sell/buy.

It is really not.  especially to our current market situation which is bearish and the chance of having profit on trading is very low. Daily trading requires full time management on the market and this is why it aint for everyone.

[Rebisco]

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!

Day trading is not easy due to volatility of the cryptocurrencies and it is the reason why many traders are losing. As a day trader, I using technical analysis for me to know when will I buy and sell cryptocurrencies that I have. Using technical analysis is effective most of the time.

[Noa_Amable]

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!

If we speak about coins and not shit ico coins then after revising the news of making a fundamental analysis you can use technical analysis.
I would recommend using support and resistance concept or some indicators like Ichimoku

[roycilik]

~snip~

It is really not.  especially to our current market situation which is bearish and the chance of having profit on trading is very low. Daily trading requires full time management on the market and this is why it aint for everyone.

If you have good technical analysis you can try margin trading,
even in the bearish situation you can earning a profit with Short method

[logicgate]

it is not for everybody.

That's totally true. Daily trading asks for time and feel of the market. Add to that daily targets should not be super high or super low in another case you may take for long to sell/buy.

It is really not.  especially to our current market situation which is bearish and the chance of having profit on trading is very low. Daily trading requires full time management on the market and this is why it aint for everyone.

  Surely if you want to make money you will have to manage your time according to current situation, you will have to use your time for money making in day trading, it takes skills so that’s why it is only for those who are having good trading information and knows all about market rise and fall, daily trading gives profit but being emotional be bad so don’t be emotional.

[logfiles]

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's actually quite predictable if you know what you are doing and know your target. Most times people end up trying to be so greedy, and they end up losing even what they have made

[LUCKMCFLY]

This is very true, greed is the merchant's worst enemy.

To be successful, it is necessary to have a vision and a study of the market, you can not enter the market by betting, because otherwise it would not be very responsible to bet on a movement without any basis to support it.

To carry out daily transactions, it is necessary to understand the market, know how to react and at what moment you should expand your profits, as well as reduce your losses, just like the great Jesse Livermore did.

[Kasabus]

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's actually quite predictable if you know what you are doing and know your target. Most times people end up trying to be so greedy, and they end up losing even what they have made

I don't know if that 95% is so accurate, that's so big and I don't think we have a lot of dumb day traders.
People who pursue day trading are people who think they are smart enough so I guess we have at least 50/50 or 40/60, personally I'm not a day trader now and I would not be interested with the current market condition.

[Kelvinid]

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's actually quite predictable if you know what you are doing and know your target. Most times people end up trying to be so greedy, and they end up losing even what they have made

We might consider lack of knowledge and timing may cause losses but I don't think about greediness. Of course we aim high and there is nothing wrong with that, its not the cause why we loss but it help to be positive and be more optimistic. Our market not rallying so good and losses will pretty sure of high percentage, if I am a trader, I definitely not to trade for now. Better to buy more and prepare for the next pumps.

[cydrix]

Day trading by far is the most unreliable thing to do since it relies on a good stability on that particular coin that is needed to profit day by day. I think this can bite your money little by little if you're not careful enough you could lose it all in one go or one day or so. I prefer to do long term trades than day trading even though it also has risk long term trades can change it's price due to long periods of time while day trades has a span of a day.

[DeadCoin]

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!

So, what is your question ? I mean what you have stated has been repeated in this board for more than hundred times and I am not seeing that you started this topic for finding yourself successful in trading like you may go for it or not. In short, your post is not qualifying as a OPEN-POST.

If you are here to enlighten this community then there are plenty of discussions on day trading :
(I just got them in first 5 pages of this board itself. Not using google. It means there are many active discussions on day trading)

Mistakes need to avoid in day trading
with market conditions like this, are there any tips for continuing day trading?
Please advise me which coins best for the day trading
The advantage of day trader

Was seriously looking for a group where ups and downs are spoken about day trading. Got it. To be frank, i am into trading. When ever i have time, i get into it. I always research on a coin before investing into it. But I have often failed to gain profits from trading. I have just paused it. Need to learn more in depth before investing further.

[Hannahanto]

I could not succeed as well in day trading. Did analyze, spend time in learning and invested. But when comes to practice, lot many things to be learnt. Experience will certainly guide you gain profits. Patience is indeed needed. Need to be more proactive and be in a state to either loose or win.

[Barbut]

I could not succeed as well in day trading. Did analyze, spend time in learning and invested. But when comes to practice, lot many things to be learnt. Experience will certainly guide you gain profits. Patience is indeed needed. Need to be more proactive and be in a state to either loose or win.

Day trading is not for everyone, it makes a lot of pressure and you need to be very active everyday, like you I didn`t succeed in day trading, I have much more loses than gains, so I stopped. Now I`m longterm traders, I wait for my trades for a long time, I`m buying in bottoms and than I wait for 100% rise or more, and until that`s happen I dont sell. I have very good success, 2017 was my year, 2018 not so much, but we will see about this year.

[CarnagexD]

I could not succeed as well in day trading. Did analyze, spend time in learning and invested. But when comes to practice, lot many things to be learnt. Experience will certainly guide you gain profits. Patience is indeed needed. Need to be more proactive and be in a state to either loose or win.

Maybe you're not really into day trading since it needs to be more aware of the market events in terms of the price and chart patterns. Indeed, experience is a crucial necessity for being a trader but since internet is massive and contains all of the knowledge you need to trade it will be very easy when time is well spent.