Day trading! The good the bad and the ugly

[ridha inoue]

if you always think if you will loss if you trade you will never ever get your trading profit.
you must believe if with trading and take risk is the best way to make money in here.
bring it your spirit on start trading.

[Shenzou]

Am not really new in crpyto world but am always scared of taking the risk of trading.  As an experienced trader what are the advantages and disadvantages of day trading. Please I need your opinion. I really want to know those risk so as to avoid them. Then the possible way to maximize profit.

Day trading is a great way to make some consistent profit especially in the bitcoin market given the fact that it is quite volatile and keeps changing, given if you really know what you are doing, i have tried it in the past and it really gives a consistent profit, but the problem with it is that it is only good for short terms and not long term periods so choosing it over other methods could lead you to missing out on some good profit, that is why in trading you should always try to mix and always try different ways .

[oktana]

a special problem for daily trading is when prices fall far short of expectations and even a range that is too far from our initial purchase, if we continue to emphasize the feeling of not wanting to loss without looking at the situation analysis. then CL will be very often done and immediately see the movement of other coins and buy them.

Without good management, this will continue over and over for each subsequent coin and make traders go bankrupt. waiting is the most chronic thing for this.

[guoyu78]

For starter like you doing bay trading, better to start with an amount that you can afford to lose. Day trading requires a lot of skills and experience. But, if you'll not give it a try how could you earn the experience. So, have the guts to do it but remember the amount should be small enough not you to get depress when losses come.

But before this, he really needs to have a very sound knowledge and  a very deep strategy, I know that practice makes perfect, but you can only practice what you have a deeper knowledge of, otherwise, he will end up practicing over and over again without getting it right, and no matter how little the money is, the number of time he loses the trade is what matters, if he is using $15 to practice and loses like 20 times, do you know how much that is? So a day trader must first work on a strategy which is the first step to having a very good professional trading, then he can think of practicing with little money.

[Lawrenzoo]

There is a good and bad site for everything. In my opinion day trading is very profitable, though there are many risks here. Currently, I mostly do day trading because I check every exchange in the market every day, at the exact moment I bought the token and at the same time buying the coins was increasing its price. Because whenever a new exchange is added and the price of coins continues to rise, it is an important tip to day trading. There are many more such tips that will help you do much better than day trading.

Day trading iss sweet, but greed in day trading is what make people loose trade

[emmybd]

No risk, no gain. If you are interested to do trading then you have to take some risk. Don't fear of taking risk, or you can't be successful. Just research well and be informed about things.

[barbara44]

As far as I know day trading ends up bad and ugly for many traders. Although it could be very profitable it's also very risky and many don't manage to make profit and often struggle with loss. It brings a lot of pressure and not everyone can hold that. But it's good to try and see where your limits are.

Those who suffer losses a lot in day trade really need to examine themselves and their trade and be sure that they are doing the correct thing. There is no way someone who has the right strategy and skills will make mistakes of losing their trades.

Majority of trader that loses their day trade is either greedy type or the are using instinct to place their trade order, and these people are bound to fail woefully, for one to really not suffer loses in trading crypto, one needs to be focused, be happy trading, never to be greedy and the most of it all is to study hard to show thyself approved when he gets to live trading.

[numanoid]

if you always think if you will loss if you trade you will never ever get your trading profit.
you must believe if with trading and take risk is the best way to make money in here.
bring it your spirit on start trading.

Don't joke with me man. Taking a risk without know how to trade is something very bad move. it's more even crazy if you are thinking you can rich quick by day trading which is impossible

[Indamuck]

Most people will be better off working a normal job:  No risk of losing money and a generally stable income

Day trading:  Very few people can actually make a consistent profit, requires a large amount of startup capital, very stressful and will give you a heart attack.

[bitgolden]

Day trading will help you make profits quickly, every day. This can be dangerous because you can not pick the right time to buy and the price of the coin will go down and then you have to wait for him to grow again to sell it. But in general it is good because you can adjust the number of transactions and your profits.

Certainly it will but not an automatic ticket, day trading is really a tasking one, and before you even get to choose the best spot, you will realize that the day had already gone, and I wonder how those who claim they are successfully scalp trading are doing it, if they are not using gut intuition or assumption to trade.

Sometimes I see the hours I spend on technical analysis alone trying to figure out what the best spot will be for me to trade and before I get convinced about a particular one, market would have gone up and down several times and I ended up postponing it to another day. More of the reason why I just prefer to buy a good coin and hold for the time I will see profit.

[binhvo1505]

 The benefit of trading on that day is that you can get a lot of profit in a day, maybe 10% - 30% depending on your experience and luck. But sometimes the market will not be good and it can create a long red candle and you will lose a lot because you can not order stoploss.
The disadvantage is that the risk is quite high and it will easily make you stressed. I think you should not participate in trading during the day because it needs more experience than reading.

[Jamjamz30]

If you're going to do day trading, you must be well-thought of the techniques and strategies in day trading. Otherwise, you end up broke after some times. Even experienced traders are losing with day trading, what more to starters. With the volatility and unpredictability of cryptocurrency, you must be very flexible to adjust to surprises.

[bering]

If you were too scared for taking action because of the risk then you will never get what you want and everything related to money always be the risk behind it however day trading could be good or could be worst depend on your decission to pick and trade the particular altcoins or bitcoin so the problem here is how far you able to utilize market movement to get maximum profit because there is no guarantee too long term trading instead of day trading could be good

[yvesp110]

If you were too scared for taking action because of the risk then you will never get what you want and everything related to money always be the risk behind it however day trading could be good or could be worst depend on your decission to pick and trade the particular altcoins or bitcoin so the problem here is how far you able to utilize market movement to get maximum profit because there is no guarantee too long term trading instead of day trading could be good

It is an open secret and a very unambiguous fact that if you do not take risk, you would not make the money be it crypto or any other business. It is the risk that stands an entrepreneur out and make him unique. In the process, of course there is loss but there could also be gains and when there are gains, at times they are super profits. When it comes to trading, you can’t escape the risk factor.

[BitHodler]

The benefit of trading on that day is that you can get a lot of profit in a day, maybe 10% - 30% depending on your experience and luck.

Maybe on a very volatile day or when a coin is bouncing up and down within a firm range. I can't think of any trader who is able to consistently profit even 1% per day. It may sound like peanuts, but you'll know it isn't when you try it yourself.

Even the best traders end their daily trading sessions with a loss from time to time. It's impossible to book consistent results in a market being this irrational. Luck is never a reliable factor. It runs out eventually with severe losses as result.

Don't believe people on social media flexing with their imaginary profits. Most of them tend to sell signals as well. If their trades were so profitable as they make it seem, they wouldn't bother to sell you signals.

[iMark]

Am not really new in crpyto world but am always scared of taking the risk of trading.  As an experienced trader what are the advantages and disadvantages of day trading. Please I need your opinion. I really want to know those risk so as to avoid them. Then the possible way to maximize profit.

Fear will not be beneficial for you it will only harm you, if you are still afraid then better do not enter day trading first, because in my opinion day trading is only for people who are brave, fear will only make you panic when market conditions deteriorate quickly, if you want to enter daytrade make sure you have overcome your fear problem first

[bitgolden]

The benefit of trading on that day is that you can get a lot of profit in a day, maybe 10% - 30% depending on your experience and luck. But sometimes the market will not be good and it can create a long red candle and you will lose a lot because you can not order stoploss.
The disadvantage is that the risk is quite high and it will easily make you stressed. I think you should not participate in trading during the day because it needs more experience than reading.

We can say that 10% is quite feasible to make on a trade in a day, but I really doubt is anyone can trade up to 20% to 30% in a day even if it is scalp trading, the market is too volatile for anyone to take more than 10%, and as regards the long red candle, there is no way a trader can trade without experiencing this at one point in time, which he might not even be prepared for no matter what the technical analysis say, and reason why an expert traders will always advise that many intending trader should try as much as possible to avoid margin trade or trade with extremely low margin so that when the candle becomes red, the trader will still survive no matter how long it is.

[iMark]

As far as I know day trading ends up bad and ugly for many traders. Although it could be very profitable it's also very risky and many don't manage to make profit and often struggle with loss. It brings a lot of pressure and not everyone can hold that. But it's good to try and see where your limits are.

Thats for traders who do not have the skills, knowledge and experience, of course many of them might end up in losses. but for a professional trader, of course, the possibility of profits will be much greater, and your job is to continue to practice to be more professional, so the chances of your winnings will continue to grow. trading will be good or bad, depending on your skills

[BitTraderCute]

As far as I know day trading ends up bad and ugly for many traders. Although it could be very profitable it's also very risky and many don't manage to make profit and often struggle with loss. It brings a lot of pressure and not everyone can hold that. But it's good to try and see where your limits are.

Thats for traders who do not have the skills, knowledge and experience, of course many of them might end up in losses. but for a professional trader, of course, the possibility of profits will be much greater, and your job is to continue to practice to be more professional, so the chances of your winnings will continue to grow. trading will be good or bad, depending on your skills

our trading result depend on our self.if we have no skills at all, easy to us lossing our money.maybe we only make useless speculation with our money.if we decided to be trader or investor in this market, we have to prepared our self with trading skills, both on technical or fundamental.

[Rufsilf]

Daily trading is very risky if you are not very familiar with it, this type of trading are being use by professionals traders. The big advantage of daily trading is that you can easily multiply your investment if you are doing it right.

You don't need to wait for few weeks, months and years to obtain your profit. That is the big advantage of daily trading but it's disadvantage is it's opposite, you can also loss your investment in a short period of time if you are doing it wrong. So it's better that you will study it first before engaging to this kind of trading.

Exactly, the good thing about trading is that you can easily exit even before the market closes to avoid losses or risk. Day trading can also be very profitable because of margin or leverage trading but make sure you do it right but if you don't do it right then it can also be very unprofitable. Before entering in day trading make sure you have enough knowledge about it because it is very risky.