davidwilson17 (OP)
Copper Member
Newbie
 Offline
Activity: 10
Merit: 0
|
 |
May 26, 2019, 11:49:55 PM |
|
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.
Anyway, when I relaxed and started making less trades and kept my positions longer - I actually learned more about the market.
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
|
|
|
|
|
|
|
|
|
|
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Astvile
|
|
May 26, 2019, 11:52:13 PM |
|
I enjoy short term trading and scalping.Im not a fan of long term trading because im like a person who gets quickly nervous about things and panic.So i enjoy myself doing short term and scalping type of trading.Its upon the trader where he is comfortable theres some who is comfortable doing long term and short term I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job. plus indeed it is stressful specialy if you see your coin trading goes down and down you cant help yourself but to be stress |
|
|
|
leowonderful
Legendary
Offline
Activity: 1624
Merit: 1129
Bitcoin FTW!
|
|
May 27, 2019, 12:42:08 AM |
|
I mostly swing trade because I don't have much time to day trade often, and I'm simply less skilled at day trading as well. I've tried daytrading and other types of shorter timeframe trading styles many times in the past and it's really never worked out well for me, though there are definitely people out there who are very skilled at daytrading and scalping.
Even if you're daytrading, it's important not to overtrade, though. You can get burned out really quickly if you're overtrading and potentially end up in bad positions. If things don't feel right, even though it can be hard to stop, just don't trade 'till you feel better. It's always best to just sit out rather than lose money.
|
|
|
|
|
|
Innerpumper
|
|
May 27, 2019, 03:43:56 AM |
|
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.
Anyway, when I relaxed and started making less trades and kept my positions longer - I actually learned more about the market.
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
i am have favorit in scalpers style , with scalpers i can make hit till 10X small profit, and it faster  but this strategy not recomended for newbie trades, because, scalpers have high risk if you entry with scalpers style |
|
|
|
Lakai01
Legendary
Offline
Activity: 2282
Merit: 2711
Top Crypto Casino
|
|
May 27, 2019, 03:49:28 AM |
|
I dont think you need all this information for day trades. Day trading is all about quick in and outs, you usually dont keep the positions open longer thsn minutes.
The only information you need are TA indicators which bots may follow for trades and ride the wave, too.
|
|
|
|
sidkz
Copper Member
Jr. Member
Offline
Activity: 1218
Merit: 1
|
|
May 27, 2019, 04:15:37 AM |
|
I like scalping, faster transactions that bring, not a big income, but it takes time.
I'm trying to track arbitration
|
|
|
|
|
joeperry
Sr. Member
Offline
Activity: 2100
Merit: 461
Bons.io Telegram Casino
|
|
May 27, 2019, 04:31:56 AM |
|
It depends mostly depends on the coin if you're referring to an altcoin or new coins it's really to predict it at first but right if you invest in a big volume coins such as Bitcoin and Ethereum that we also know as a volatile coin it's really hard to follow traders and news at the same time since they have different views or perspective about those coins.
Well my style right now is buy "on where I think is low" and wait for it to pump and if crash I don't have any choices but wait to recover no matter how long may it take. This might be boring but I'm too lazy to study more about advance technical details and some of them needed you to buy their courses.
|
|
|
|
|
maxreish
|
|
May 27, 2019, 04:46:57 AM |
|
Been doing margin trading for quite so long now. There are some instances that I do some day trading with altcoins. With the good market's situation, my long term investments tend to grow. But I was too focused now on margin trades which I enjoyed a lot since my learning is continuous and I was really amazed with the new strategies and analysis that I am instilling in myself. I always refrain from my greediness whenever I trade and luckily I am satisfied with the results of my tradings recently.
|
|
|
|
|
|
nur rochid
|
|
May 27, 2019, 04:52:17 AM |
|
I prefer trading with scalping techniques. with this technique, it does not require a long time to trade. but the smaller the time frame used, means the risk will be greater, of course the movement of the candle will be faster
|
|
|
|
|
davidwilson17 (OP)
Copper Member
Newbie
Offline
Activity: 10
Merit: 0
|
|
May 27, 2019, 06:11:47 AM |
|
I guess everyone stick to whatever works for them. I'm still learning - as much from technical point as from mental.
My biggest loses ware always not due to the market change but my decisions based on emotions or wishful thinking.
2017 was super easy for making profits... It looks we are going to ride a long bull this year as well.
|
|
|
|
|
Bitcoin_Arena
Copper Member
Legendary
Offline
Activity: 2016
Merit: 1771
฿itcoin for all, All for ฿itcoin.
|
|
May 27, 2019, 10:23:35 AM |
|
I do day trading but I target small daily profits... 1-2% is enough for me so I don't really stress so much on getting a coin that will meet my daily target. I just pick a coin with a high trading volume, do a small TA on it to certain whether it's the safe time to buy, buy the coin and set a sell order on the target price all within 1 to 2 hours and then i call it a day  |
|
|
|
|
xvids
|
|
May 27, 2019, 01:01:14 PM |
|
It all depends on the crypto that we buy ,
I seldomly buy a crypto for a long term most of the time I am just scalping or day trading,
Since I see it much more profitable I would do a quick trade then roll with my capital and profit.
|
|
|
|
|
traderethereum
|
|
May 27, 2019, 01:48:35 PM |
|
I have that experience too in my first time trading, and it needs months before I wake up from the worst thing.
Later, I realize that I don't have to follow or listen to other people, which is not always true but I need to listen to myself and try to learn about analyze the chart and the order.
So I start to search from many sources, learning by watching videos on Youtube, practising what I got and yes, I can make a small profit, and that makes me surprise that I can make my own profit.
I talk to myself that I need to learn hard more than other people so I can make more profit.
I know that it will not easy, and it will need time before I can understand how to analyze.
I am sure that you can do that too, as long as you want to wake up from the worst.
|
|
|
|
|
carter34
Member
Offline
Activity: 1302
Merit: 25
|
|
May 27, 2019, 01:51:31 PM |
|
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.
What's your experience?
You are the one that caused your stress because day trading is not stressful if you understand it. You don't need to always go to your trade, you just need to be sure you have a right timing to enter the market, do that and set your target, you get your profit at the time it hit your target. No need worrying over a running trade. |
|
|
|
|
|
Genemind
|
|
May 27, 2019, 07:20:57 PM |
|
Some of my coins are good for day trading and most of them are good for a long term hold. I don't have any strategy or any analysis to follow. I just focus on the application of the simplest rule in trading which is to buy low and to sell high.
I don't find it stressful but I find it exciting.
|
|
|
|
|
|
cryptjh
|
|
May 27, 2019, 10:24:55 PM |
|
Some of my coins are good for day trading and most of them are good for a long term hold. I don't have any strategy or any analysis to follow. I just focus on the application of the simplest rule in trading which is to buy low and to sell high.
I don't find it stressful but I find it exciting.
I don't follow any bigger strategy either, I'm 95% or more into bitcoins, then I hold a few altcoins also, most of them bought in the last few months, and then I day trade altcoins with the last small part of my portfolio, selling them as soon as I'm in profit. |
|
|
|
|
|
Indrawan77
|
|
May 27, 2019, 11:20:16 PM |
|
Trading can be very stressful if you try to hard to chase your target profit especially when you do day trading, I enjoy a long term trade, I don't have enough time to do scalping or short trade, the market is unpredictable but if you take a look at the wider picture you can have a better speculation
|
|
|
|
|
|
Ailmand
|
|
May 27, 2019, 11:37:10 PM |
|
Some people think of trading as a shortcut to getting rich quick and they're expecting too much out of it which is making trading really stressful.
It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.
|
|
|
|
|
Dreamchaser21
|
|
May 27, 2019, 11:47:18 PM |
|
I just have a simple strategies on trading, which buy low sell high because I’m busy since the year started and I have no more time to analyze the market, i just buy if I think its cheap and sell if I’m ok now with the profit. Scalping also great, because the pump and dump but the risk is high so trade with care for you not to lose.
|
|
|
|
|
|
dark08
|
|
May 28, 2019, 12:14:18 AM |
|
Day trading sound good but its really hard to understand I remembered my first trades in Binance I confidence to win every trades since this is simple a buy low sell high then when I lose some bitcoin that time I realized being a trader is not easy as what I imagine. Even you are day trading you need a lot of patient to earn profit because the market is full of suprises even if you buy altcoin at low price it can be down lower to your buy point.
|
|
|
|
|
