Day Trading

[The Sceptical Chymist]

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.

Couldn't agree more--and I can't imagine day trading in the stock market, much less in crypto.  Back in the 90s, there were average people quitting their jobs in order to speculate in tech stocks, and if I'm not mistaken most of them were not successful on average.  It's super-risky, and anyone contemplating doing that in the crypto world ought to think about that decision twice.

In the stock market, you can at least analyze the companies behind the ticker symbols, but you don't even have that much when dealing with cryptocurrency.  It's all TA, and relying on that is insane IMO.

[Reid]

Then if you are professional trader that is when you will come in.

You see a lot of FOMO's then start to join them then sell before they could even sell their tokens or coins.
You see emotions are pouring and they start selling theirs then sell too.

Some of traders are abusing this kind of emotions from other newbie traders and that is when you get profit. Do not join them until the end. Just the initial part then leave them.
I do think that is just being wise. We are not bestfriends here or relatives so I can leave you anytime for my own profit.

[Koro-Sensei]

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!

You're right Day trading truly is the riskiest job there is, the success rate has little to nothing. More information about a coin and how good it is to the community really boosts the morale of particular coins. That's right some of the reason why they bought it was the fake hype that some pump and dump groups do. Day trading isn't a good idea specially for those who only started recently.

[Finestream]

Couldn't agree less with this, basically the market requires some degree of knowledge before one can go into it and turn out successful and this doesn't apply to day trading, it applies to everyone in the crypto space down to hodlers. Taking due diligence and studying any project before going into it is crucial especially if you're in for long term.

I think not just in day trading but even in long term holding we should always make a thorough research first before investing or jumping into day trading.I believe those traders who are not still mastered or just do trading without good experinces possibly fail in the end but if you know how to do things the right way and make a good technical analysis particularly in day trading,then there are high chances for you to succeed in trading.

[LbtalkL]

I think Day Trading is profitable only when you have a decent amount of fund and your trading with high supply coin/token, Because if you invested on High supply coin even if a 1 satoshi difference will bring you profit. Like for an example you have $100 and buy ETH, you can not day trade with it because you only have few coins and you will suffer on trading fee. Sometimes DYOR will end up not our way even if we thought we're holding the right coin, no one can really predict the market 100%.

[enawati]

Alot of trader failed in day trading because lack of knowledge about risk management and too greedy, these both thing always become factor trader failed and loss much money. So if we want to make profit we should be first have skill about risk management and avoid natural emotion of greedy.

[ajqjjj]

Alot of trader failed in day trading because lack of knowledge about risk management and too greedy, these both thing always become factor trader failed and loss much money. So if we want to make profit we should be first have skill about risk management and avoid natural emotion of greedy.

Day traders are always have some knowledge in crypto trading because normally most of the traders are set some value in each trading pair, It is reduce the risk in all the time But day trading is little hard to predict so everyone must carefully analyse the right coin. They are all never participated in without knowledge.

[Peashooter]

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 .

Trading is very hard to study and you need to have a lot of knowledge about it before you get a good trade. Conducting daily trade is very difficult and you can read the movement of the coins if you can truly analyze the market and chart.

[tarable]

I think doing daily trading is also a profitable way to get better assets, because now crypto prices also show better prices in a few days now.

but if I myself do not really like to trade daily for now because I prefer long-term trading, because for now the way to get that big profit with a long time

[kattokassinen]

Every person not experiences issues in exchanging day since some crypto clients are obviously ready to exploit day exchanging to create brisk benefits. In spite of the fact that the normal individual who flops in day exchanging must be felt by new players in this field since this is because of an absence of information and helpless to become familiar with specialized examination of market outlines.

[Golftech]

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 .

Trading is very hard to study and you need to have a lot of knowledge about it before you get a good trade. Conducting daily trade is very difficult and you can read the movement of the coins if you can truly analyze the market and chart.

There's always a way in order to achieved your goals, daily trading is hard task but finding opportunities can be done with good practice
and observations, you just need to be patient and try to build more knowledge and enhance your skills, plan and create your own pattern
to survive and succeed.

[fibrolit]

Couldn't agree less with this, basically the market requires some degree of knowledge before one can go into it and turn out successful and this doesn't apply to day trading, it applies to everyone in the crypto space down to hodlers. Taking due diligence and studying any project before going into it is crucial especially if you're in for long term.

I think not just in day trading but even in long term holding we should always make a thorough research first before investing or jumping into day trading.I believe those traders who are not still mastered or just do trading without good experinces possibly fail in the end but if you know how to do things the right way and make a good technical analysis particularly in day trading,then there are high chances for you to succeed in trading.

The fact is that technical analysis often fails. I have read a huge amount of research on tradingview. What is the result?Most of these predictions do not come true! Think only with your head!

[Razerglass]

I think doing daily trading is also a profitable way to get better assets, because now crypto prices also show better prices in a few days now.

But you must be willing to spend time in front of your PC to monitor the movements in the market
it doesn't matter if you can make a profit

You should give something for a getting other thing in trading. Some people sells their time for a paycheck,others sell their money for a time. Day trading is somewhere between this two. It requires daily analyse methods included price,sentiment,fundamental,technical.

[Dumont31]

Theoretical strategies have little chance of getting real. I say this because the market is very fluid. The advice I offer is to clearly specify  estimated trading period you want.

[nydiacaskey01]

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!

They fail because they thought its easy and all they need to do is Buy Low, Sell High. What they did't know is whoever invited them into cryptospace just earned from them through a referral link from of an exchange site. I see a lot of Facebook adds saying turn your $5 into $25 in 24-48. Who doesn't wan't that. For noobs, they will bite the bait but what they don't know is in trading it takes more than Buy Low, Sell High.

[jvdp]

Theoretical strategies have little chance of getting real. I say this because the market is very fluid. The advice I offer is to clearly specify  estimated trading period you want.

Normally trading is a unpredictable platform so no one is know the future possibilities, But they have some knowledge in daily circulation and marketcap so they can find the best platform. At the same time it is not a easy process so experts only make good profit and others are always panic in all the investment.

[Indrawan77]

Day trading is not an easy action, it need a lot of experience, chart analysis and updated news and follow the trends, most of them failed because of greedy and lack of knowledge, the market of crypto now cannot be predicted only by chart and indicators, its a market full of manipulation, without a good mentality the traders will failed in day trading

[BlackPanda]

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 !!

[maydna]

Before you do day trading, you need to know what pair for trade. With searching at the market, you can get one or two coins to buy and sell.
Don't trade because of FOMO or because you heard that one coin would increase.

With the market situations now, I think it's better you trade for btc pair usdt or altcoin pair usdt because you have a stable coin which usdt that you can hold to buy bitcoin if bitcoin price is down.
Determine how much percentage you want to take in every day and don't take too higher if the market is not moving too fast. It's better to take 1%-5% every day because I thought it would easier for you to get.

[Coolman4]

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