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Author Topic: How about day trading Eth?  (Read 967 times)
CryptoTrip
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November 16, 2020, 09:09:29 AM
 #81

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.
The proposal is too vague. Describe more specifics. I have been trading since 2017 and such recommendations for many people turn into disappointment

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November 16, 2020, 10:33:20 AM
Last edit: November 16, 2020, 10:45:48 AM by Gozie51
 #82

Ethereum day trading or bitcoin day trading the risk is still the same, if you don't know much about trading it's better to learn first, forgot trading bot, they aren't that reliable, if you really want to get into trading business it's better to start learning, youtube is a good place to start

It is better to understand the ground teaching of trading. Trading is difficult to do and having a good knowledge before going for it will benefit because many things come into live trading. Many account go off because of lack of experience. So with experience you can trade whether etheruem or bitcoin. I still wish to learn the trading but is difficult and not for everybody.

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November 16, 2020, 11:17:59 AM
 #83

Combining fluctuation and margin trade definitely gives us the opportunity to generate profit daily. I have seen many people making money daily with margin trade. The volatility is fair enough for traders.

However, not everyone has the ability to trade. Trading is a hard job according to my friends and my experience, especially with margin trade. Choosing the right leverage is not easy and if you make a wrong choice, losing money is the only result. So I guess holding/investing is the best way right now. The uptrend currently happens and no sign of stopping. Be patient is the key to be successful. Also, remember to choose the right projects
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November 16, 2020, 11:31:01 AM
 #84

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.
The price of ethereum is indeed unstable because the price of bitcoin has decreased and that often happens and makes altcoins including ethereum go down. The time is right to take profits if you have large capital it will be an opportunity to get a lot of profit, it is good enough if you take advantage of all that big profit.


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November 16, 2020, 01:39:52 PM
 #85

Actually I don’t know. However, Bitcoin is currently bullish trend. And if you pump bitcoin prices, if you don't pump its other coin, ETH must pump. So when Bitcoin pumps, ETH can pump immediately.
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November 16, 2020, 02:32:34 PM
 #86

Day trading is always actively monitor and change the trading ratio on each and every minutes so we never waiting for the ETH 2.0  , Because current market is good to invest ETH and some other altcoins. In Day traders never concentrate the single coin and more than 3 altcoins is comfortable to maintain the Day trading. Those are looking for mid term and long term trading they only waiting for the upcoming peak.
Yes I do day trading with eth now, it is fun that eth is very high now, I do some scalping, but I will not make it for long term investment, I am afraid to be left behind this ATH, so I will closely monitor the price everytime I invest now in eth and any other coin in the market. Always be careful , it can be dump too, better to stay up all night than to sleep and when you wake up , the market is already dip.
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November 16, 2020, 02:52:54 PM
 #87

Actually I don’t know. However, Bitcoin is currently bullish trend. And if you pump bitcoin prices, if you don't pump its other coin, ETH must pump. So when Bitcoin pumps, ETH can pump immediately.

Maybe ethereum needs to be patient for a while because bitcoin is trying to increase. Maybe after bitcoin break $17k, ethereum and the other altcoin will follow increase. But the situations now seem good for an altcoin to increase and together with bitcoin, the crypto market will have other rallies, although the bull run still is unknown. Maybe right now is the right moment to start day trading ethereum pair bitcoin or ethereum pair usdt because the price is up and down, and I think that can be the way to make a profit.

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November 16, 2020, 03:11:34 PM
 #88

ETH is good for trading but not the kind of coin you'll be expecting it gratefully work in day-trading but this fits into long-term goal trading.
well, that be depending on has and how we treated ETH but for me, it is best to use Bitcoin instead.
Higher volatile coin/s is the most preferred when we are in day-trading as what I've observed. I'd use, Bitcoin, ETH, and some altcoins but above all I've mentioned, Bitcoins seems of great result than the rest.

You can try both of them ETH and BTC, all together, and to know which one works best and show more profit.



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November 16, 2020, 03:16:02 PM
 #89

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

For me, holding ETH long term has been more profitable, and also longing or shorting via futures trading too. However, the latter is risky comparatively. I don't think day trading ETH is best decision for me, but good luck if it works for you. I'll still consider day trading it against USDT pair anyway, not really a bad idea.

Holding ETH is far better if you are aiming for much higher profits. Base from how this coin moves from the past,

the chance of getting much better benefits are there in the long term holdings.
In regards to future trading, if you fully understand how this types of trading works then the
chance of being profitable is also got a huge potentials and can generate very decent profits.
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November 16, 2020, 03:54:54 PM
 #90

i under estimated eth because i thought eth was only good at stability but nope because this part of the year eth is showing something different . eth is now good as btc when it comes to day trade purposes  . 15 usd is already an above minimun salary on most countries , your doing a great job if you can continue this range of profit and you can make a living off to that alone without needing to work for other jobs obviously because you said your trading full time into it starting from morning to evening but atleast you enjoy it because that was your real passion which was trading
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November 16, 2020, 04:03:05 PM
 #91

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.
The current 24 hours high/low shows that ETH is only having about $15 - $20 of fluctuation in it's price and even the weekly high/low is only about $40 of difference in price.
Though this means that we need to have a good amount as a capital investment to earn daily profits of $15 - $20.
I guess at least $500 will be needed to earn $15 - $20 of daily profit. I think it would be better to choose some other altcoin with better volatility to earn profits in daily trading.
May be trading XRP, LTC etc.. woul yield higher profits in daily trading.

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November 16, 2020, 04:56:32 PM
 #92

if you trade Ethereum on a daily basis, it doesn't guarantee you can do it and get profit every day,
that's for the spot market, it can be done but in futures trading,
and I don't recommend futures trading because you can very easily lose capital.

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November 16, 2020, 08:42:23 PM
 #93

i have much question for all of you, hope you or somoene who read this will give me some instruction, how much eth do you use for daily trade ? i want to try trade, but i just have low capital, and i still like worried cause i dont have enough knowledge is there a reference for me to learn ?. especially about mental psychology, maybe some book or anything else. Thank you
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November 16, 2020, 09:13:03 PM
 #94

i under estimated eth because i thought eth was only good at stability but nope because this part of the year eth is showing something different . eth is now good as btc when it comes to day trade purposes  . 15 usd is already an above minimun salary on most countries , your doing a great job if you can continue this range of profit and you can make a living off to that alone without needing to work for other jobs obviously because you said your trading full time into it starting from morning to evening but atleast you enjoy it because that was your real passion which was trading

Doing this everyday and earning 15 bucks. That's really not bad at all, a good replacement for your day job and you can do it comfortably at your home and less risk especially these days. Better stay at home as much as possible. But to achieve that, one should know the risks involved and of course, keep up with the simple trading rule - buy low, sell high. If you will stick to this rule, I guess you will not be on the negative side.
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November 16, 2020, 09:32:26 PM
 #95

Day trading of ETH will not really give good profits anyways if you have good amount of ETH you may gain profits but leaving it for some moments together with the news around ETH these days should give more profits. Am all in for ETH, BTC  for now. And I have been making profits. I know we might feel a little bit scared but you can have short term but daily I am not a party to that though and it's all about choice.
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November 16, 2020, 09:37:14 PM
 #96

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.
Thats the best way to doing right now buying and selling and we can make that also into different altcoins not only ETH even in a bitcoin we can do daily trading if we courage to doing that thing. And yes it was fun to watch if we buy and sell to high because we earn enough even if a small amount it is a big help for us.
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November 16, 2020, 11:11:33 PM
 #97

Actually I don’t know. However, Bitcoin is currently bullish trend. And if you pump bitcoin prices, if you don't pump its other coin, ETH must pump. So when Bitcoin pumps, ETH can pump immediately.

now I do not risk trading ether because there is uncertainty in the market with an increase in the price of this coin
this is most likely due to the launch of the Ethereum 2.0 network
all previously said that growth is inevitable, but it is not happening yet
instead of ether, Bitcoin is growing

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November 16, 2020, 11:48:11 PM
 #98

i have much question for all of you, hope you or somoene who read this will give me some instruction, how much eth do you use for daily trade ? i want to try trade, but i just have low capital, and i still like worried cause i dont have enough knowledge is there a reference for me to learn ?. especially about mental psychology, maybe some book or anything else. Thank you

With low investment you're going to have low profit and exchange fees will reduce it even further.

Treat trading crypto like trading your time for money. If you earn $20 a day, how many hours were you trading to reach that? Would you be able to make this much without taking a risk?

If your trades bring profit but the profit is low it usually means your trades are too small. Just don't try to increase them through leverage because it makes trading much harder.
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November 16, 2020, 11:57:14 PM
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Good judgment will produce something maximum later, continue to make analysis to generate big profits. The choice will come to yourself.
Yes, and things like this are just a reminder for those who have forgotten or for those who are still newbies,
because newbies often do not analyze everything they do.
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November 17, 2020, 12:56:53 AM
 #100

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$.
True, I am making between 1% to 5% by day trading ETH. When do you know how to trade and learn the market properly, it's actually pretty easy to get profit from ETH trading. But, not everyone can do that because it drains your real life sanity and mental, test your greediness and other stuff. If they fail to do one of them, they will lose their money.

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