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Author Topic: it's so hard trading my day now!  (Read 897 times)
SoeNan89
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December 29, 2019, 12:30:04 PM
 #101

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
Indeed, becoming a daily trader is very difficult, because we have to be really focused and have enough time to continue to learn and monitor prices in the market. If you do not have enough time, then sometimes you will pass an appropriate moment, to buy or sell moment.
pawanjain
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December 29, 2019, 01:24:23 PM
 #102

If you are trading on a daily basis then you must be knowing that not everyday can be a lucky day.
Some times you lose and some times you win. You must be prepared for the both.
If you are continuously losing then try changing the strategy and keep changing until the one works for you.
Keep your stop losses low until you find the right strategy.

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Kevondo
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December 29, 2019, 03:41:58 PM
 #103

I am glad that I am not the only one who is having so much hard time trading bitcoin, it has been getting tougher and tougher with how much lunatic moves it does all of a sudden and then for months it is not doing anything. Like not even enough movements these days to make up for the trading fee difference and withdrawal fees for example and then suddenly it makes 20%+ movements, how the hell are we suppose to make day trading if the movements are basically either no movement at all or huge sudden movements?

I need bitcoin to move 5% or at least 3% or so every single day, otherwise day trading is for nothing, looking at altcoins and they are about the same except they are also dropping a lot and not recovering so if you get caught at a wrong price you are stuck.

It might be the time to just hodl for now. I wouldn't trade for a day also. We're at 7k - 7.5k range right now in Bitcoin. Probably you could say that it is gonna be a dream come true for you once Bitcoin pushes above 7.6k as it was getting to that price just barely.
I would just invest into altcoins if I wanted to though.
This time is undoubtedly for simply holding onto bitcoin because it is barely increasing few hundred dollars in values over weeks. People would increase their investments into bitcoin the moment it is going to increase in values speedily. People are really ready to put their money into it but need some kind of guarantee of profits and that is only when they see its pumping side. Altcoins are not bad for small profits.
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December 29, 2019, 05:36:07 PM
 #104

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
^ I may suggest you read and watch video tutorials regarding trading online. Day trading is very risky and that is very hard to gain profit. If you dont know it very well how to do that's the time for you to do research. Also the most important you have also these, fundamental and technical analysis which gives you the right timing in trading. Because that needs a perfect timing when to enter the market and the buy and sell point.
The day trading in brevity is a game of perfect entrance in and exit from the market. If you have mastered this thing, there is no way you cannot make desirable money. But for learning all these skills, you have to invest time and work hard in order to understand market situations well. Day trading is that is why labeled as the riskiest type of trading one can get hands onto. We shall simply do home work before practicing it.

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December 29, 2019, 06:45:13 PM
 #105

One strategy I used when I was trading was that when I felt like it was a good time to buy, I would only buy with about 25% of my available cash. Then I had leverage if the price dropped. If it dropped, I would used the second 25%, and they still left 2 more opportunities to buy as the price dropped more.
This is the best way to earn from trading as we should not spend all our money at a single try but better make a plan for it. We should spend time and keep eyes on the market, most of the time we buy when the market falls and keep holding longer. I also keep my money investing until I feel I should stop as day trading needs allot of knowledge.
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December 29, 2019, 10:06:12 PM
 #106

One strategy I used when I was trading was that when I felt like it was a good time to buy, I would only buy with about 25% of my available cash. Then I had leverage if the price dropped. If it dropped, I would used the second 25%, and they still left 2 more opportunities to buy as the price dropped more.
This is the best way to earn from trading as we should not spend all our money at a single try but better make a plan for it. We should spend time and keep eyes on the market, most of the time we buy when the market falls and keep holding longer. I also keep my money investing until I feel I should stop as day trading needs allot of knowledge.
Not just you have knowledge but you must be a smart guy and strategical. Trading is not all about having a good market understanding but the most important here is we know to adopt and accept the sudden change of market trend, we'll need a strong heart and believe. Then, we can make hopeful positive outcomes of our trades.
Colt81
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December 30, 2019, 05:47:07 PM
 #107

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
The crypto market is volatile that you can't say when will the market increase and decrease, that is why most of your prediction might be wrong. My advise is if you always experiences losses in trading, you must learn first to control your emotions for you to accept those losses and you need to have patience in your trades, so you can wait for the right time to sell your coin if it already improve it's price.
Mahanton
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December 30, 2019, 05:58:07 PM
 #108

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
The crypto market is volatile that you can't say when will the market increase and decrease, that is why most of your prediction might be wrong. My advise is if you always experiences losses in trading, you must learn first to control your emotions for you to accept those losses and you need to have patience in your trades, so you can wait for the right time to sell your coin if it already improve it's price.
Patience would really be a big factor which you do need to control if we do deal with volatile prices.Of course you would really need to focus out so that you wont be lost track with your trading analysis.

This wont really be easy and lots already tried out and failing is just common.This is profitable though if you do able to grasp it but if not then it will surely cost you some dollars but it isnt impossible though to learn
up active trades.It do really just take up some time for you to learn.

R


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December 30, 2019, 07:02:17 PM
 #109

it sounds like you need to change or further develop your strategy. Some strategies have you entering a position for a month, some have you exiting before the end of the day. There are some great resources out there to help you with this, babypips is a classic recommendation. The CrackingCrypto guys on YouTube also do a good job of providing legitimate analysis by real professional traders and not just moonbois with no experience in trading.
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December 30, 2019, 09:59:19 PM
 #110

You need a lot of patience and education and to have your hand on the pulse. If you are in crypto to trade to get rich quick, I don't want to disappoint you. If you can be cool, calm and calculated, you can win. A trader's mindset has to be emotionless, yet you should be winning your trades based on other's emotions of fear and greed. Another thing I learned is to always trade coins that you don't mind being lumbered within a slow period. That way you never feel you are a loser, only that you are waiting for the right time to take profits. These are little tips that have saved me in time of great crisis and difficulty and why I am still here, despite many setbacks due to my lack of knowledge of the markets in the past. Also don't be afraid to make mistakes and own them. Be always responsible for your own actions and don't blame others, failure is only for those who never have the guts to try and sometimes make mistakes.


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December 30, 2019, 11:03:42 PM
 #111

if you trade Bitcoin to USD/T, I think it's more stable and still predictable. because I made several predictions from my trade, and it worked. Lots to look for news and information. do a careful analysis. watch the chart movement. I always buy when looking at the chart on H1-H4 making a red candle 2-4 lines. and finally be patience.
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December 31, 2019, 02:43:47 AM
 #112

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
For that, I consider watching expert traders via youtube thus I can feel that I'm being mentored personally as most of them enables you to feel that for you to get motivated. I've known a lot of youtubers wethere it's local or foregin. Trust me, they are really motivating and very professional at the same time.

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December 31, 2019, 02:47:58 AM
 #113

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
For that, I consider watching expert traders via youtube thus I can feel that I'm being mentored personally as most of them enables you to feel that for you to get motivated. I've known a lot of youtubers wethere it's local or foregin. Trust me, they are really motivating and very professional at the same time.
It's good to have a coach too. Or some references to look at. YouTube can help if we're looking for motivations and looking for new techniques for free as some coaches now are need to be paid high and have limited time too unlike in YouTube. I uses both before as there are time I need to see physically and consult what to do.

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December 31, 2019, 10:41:09 AM
 #114

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
For that, I consider watching expert traders via youtube thus I can feel that I'm being mentored personally as most of them enables you to feel that for you to get motivated. I've known a lot of youtubers wethere it's local or foregin. Trust me, they are really motivating and very professional at the same time.
You're right about watching an expert traders video on YouTube but i strongly believe what the OP lack was not understanding how the market revolves because day trading is totally not applicable for every market trend which was the reason he make debt despite his knowledge about price analysis.

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December 31, 2019, 11:33:37 AM
 #115

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
For that, I consider watching expert traders via youtube thus I can feel that I'm being mentored personally as most of them enables you to feel that for you to get motivated. I've known a lot of youtubers wethere it's local or foregin. Trust me, they are really motivating and very professional at the same time.
You're right about watching an expert traders video on YouTube but i strongly believe what the OP lack was not understanding how the market revolves because day trading is totally not applicable for every market trend which was the reason he make debt despite his knowledge about price analysis.

He probably should trade with smaller amounts if he's really planning on taking it seriously. It's not that easy being efficient even for long time traders. Experience will be your most important tool so take as much experience, make as much mistakes and learn from them. In time, these will make you a better trader and the losses you have now will eventually turn to gains at certain times.

 
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December 31, 2019, 12:30:11 PM
 #116

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
Indeed, becoming a daily trader is very difficult, because we have to be really focused and have enough time to continue to learn and monitor prices in the market. If you do not have enough time, then sometimes you will pass an appropriate moment, to buy or sell moment.
True that, but the thing is that it is a very lucrative way of making money if you become an expert at it. It is very rewarding to know all the new strategies and to adopt to the market changes as it can even allow you to escape your day to day job. In my opinion, if people in crypto have plenty of free time then they should definitely try trading. If it becomes a hobby and you're good at it, one day you might even become rich.

 
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December 31, 2019, 12:56:46 PM
 #117

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
Indeed, becoming a daily trader is very difficult, because we have to be really focused and have enough time to continue to learn and monitor prices in the market. If you do not have enough time, then sometimes you will pass an appropriate moment, to buy or sell moment.
True that, but the thing is that it is a very lucrative way of making money if you become an expert at it. It is very rewarding to know all the new strategies and to adopt to the market changes as it can even allow you to escape your day to day job. In my opinion, if people in crypto have plenty of free time then they should definitely try trading. If it becomes a hobby and you're good at it, one day you might even become rich.

Who ever plans to trade, people with more free time and people with less free time, should be prepared for changes, every market change require new approach, different strategy. And crypto market is more volatile than any other market in the world, constant changes are normal in crypto.
I think there are many good trading strategies, and depending on the free time you have you can find suitable strategy, that doesn't have to be day trading, it can be mid or even long term trading. As we said market changes pace and directions very often, you need to be prepared to change the way you trade, only like that you can make profit in long run.

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December 31, 2019, 01:00:25 PM
 #118

the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
Indeed, becoming a daily trader is very difficult, because we have to be really focused and have enough time to continue to learn and monitor prices in the market. If you do not have enough time, then sometimes you will pass an appropriate moment, to buy or sell moment.
True that, but the thing is that it is a very lucrative way of making money if you become an expert at it. It is very rewarding to know all the new strategies and to adopt to the market changes as it can even allow you to escape your day to day job. In my opinion, if people in crypto have plenty of free time then they should definitely try trading. If it becomes a hobby and you're good at it, one day you might even become rich.

But if you will love what you are doing and you are really aiming to have a daily income rather than just holding a coins/tokens then you will for sure rather choose day trading over it. It may hard to do day trading because of the market condition and you will be in need of a lot of time compare to just holding for long time, but still if others can do it, we can do it as well.

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December 31, 2019, 03:04:53 PM
 #119

You're right about watching an expert traders video on YouTube but i strongly believe what the OP lack was not understanding how the market revolves because day trading is totally not applicable for every market trend which was the reason he make debt despite his knowledge about price analysis.
No matter how many videos you watch and how many times you watch it, you will find more things to learn when you start trading. When you suffer a loss, you must learn from it, what happened, why it turned out to be a loss instead of gaining profits. Take notes and make sure that you don't commit the same mistake again.
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December 31, 2019, 04:39:26 PM
 #120

You're right about watching an expert traders video on YouTube but i strongly believe what the OP lack was not understanding how the market revolves because day trading is totally not applicable for every market trend which was the reason he make debt despite his knowledge about price analysis.
No matter how many videos you watch and how many times you watch it, you will find more things to learn when you start trading. When you suffer a loss, you must learn from it, what happened, why it turned out to be a loss instead of gaining profits. Take notes and make sure that you don't commit the same mistake again.
I kinda agree with this because in order to gain what you are aiming you should fix the problem first before you start to make some moves because you might face the same faith somewhere when you start to do trading again.

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