Day trading, is it worth?

[Findingnemo]

~

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.

This.
Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience.
I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well.
Few hours can ruin all your profits of a month? Yes, indeed. I felt that.

Conclusion is the day trade is profitable but not consistent so you are going to lose and win which makes everything null but you are wasting money on fee and resources and also time which itself a complete loss when we realize that why we should avoid day trading.

[1715133798]

1715133798

[michellee]

~

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.

This.
Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience.
I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well.
Few hours can ruin all your profits of a month? Yes, indeed. I felt that.

Conclusion is the day trade is profitable but not consistent so you are going to lose and win which makes everything null but you are wasting money on fee and resources and also time which itself a complete loss when we realize that why we should avoid day trading.

The only way for day traders to prevent the loss is to learn every day to analyze the market. By learning more about trading every day, you will know the coin pattern while searching for the other coins, which can be the potential to give you a profit. Yes, day trading is hard, but that is worth trying and learn more analysis to find what coin will work best for you. If you think that your trading time does not work for you, you can leave the market for a while to see if the market's moving will be good in the next few hours.

[Om.monata]

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

[Findingnemo]

snip~
The only way for day traders to prevent the loss is to learn every day to analyze the market. By learning more about trading every day, you will know the coin pattern while searching for the other coins, which can be the potential to give you a profit. Yes, day trading is hard, but that is worth trying and learn more analysis to find what coin will work best for you. If you think that your trading time does not work for you, you can leave the market for a while to see if the market's moving will be good in the next few hours.

Bitcoin or any crypto never follows any patter, we assume that it is supposed to move based on the candle sticks and indicators but if it move in that way most of the time then day traders would be world's richest persons in this world but it will not happen since we are talking about day trading not, short or mid term trading.

[tvplus006]

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

Day trading requires more time from the trader than long-term trading. And if you can not always be in front of the terminal, then this type of trading is not suitable for you. And as practice shows, traders earn less in day trading than those who invest for the long term.

[Swopon]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

[conected]

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

Day trading requires more time from the trader than long-term trading. And if you can not always be in front of the terminal, then this type of trading is not suitable for you. And as practice shows, traders earn less in day trading than those who invest for the long term.

- Unfortunately, investors tend to show off their personal skills and expertise in the day of trading, their dynamism makes them feel unsuitable for waiting, their profit perspective differs from long-term investors. Each one has a personal style and pursues a passion that is true but the fact that we are just small fish, this huge market is not for us, instead of fighting every day to bring more wounds and recovery started to slow down, why are we not flexible in waiting and attacking, it is better to keep quiet to make big money than to pick up small coins every day

[matchi2011]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Enough knowledge should be the very first thing before trying your luck in this kind of trading, the volatile nature of this market
will make it more harder if you are such a beginner.

Though to those who have good knowledge, the chance of rinsing the market for the best outcome is much better than those
who doesn't have any idea from what they've doing, make sure to assess your winning chances first.

[Rana590]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Yes, in day trading, a lot of crypto knowledge and experience are needed if anyone wants to cut good amount of profit from it. Though it is risky but if you are professional, then making money is so easy there. We shouldn't try to make huge amount within a single day.

[blockman]

And it ends up being an investor is a better choice than to day trade. I myself am an investor and found it better than day trading. But there were times that I did day trade and that seems to be a good day but many were bad days too.

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.

That's right, your long time profits can eventually be moved in day trading if you're not careful enough to protect it and will allow your own emotion to move you.
I think that's a better idea if you're having fun but you're also thinking of the good return as you trade but no pressure at all.

[stomachgrowls]

And it ends up being an investor is a better choice than to day trade. I myself am an investor and found it better than day trading. But there were times that I did day trade and that seems to be a good day but many were bad days too.

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.

That's right, your long time profits can eventually be moved in day trading if you're not careful enough to protect it and will allow your own emotion to move you.
I think that's a better idea if you're having fun but you're also thinking of the good return as you trade but no pressure at all.

Secure everything while you still can when it comes to profits and when the time that you are already just re-rolling or re-investing on the profits that you had made and able to make another profits with that

then i can say that this kind of trading is somewhat a less stressful than into those times that you are still struggling on getting ROI into your initial capital.Thing here is that you shouldnt really rush up on reaching out that
certain goal of yours because once you do have that pressure in mind then it would surely reflect into your actions.

Finding day trading to be worth is something that only yourself could prove out because not all would really be fitting out into this kind of trading method.It isnt something
that everyone could handle so better test out for yourself and find it out.

[Questat]

based on the stories you shared, I have better suggestions. so like this, you are patient and do day trading. even though the profit is small but it can be sustainable, and you can receive profit every day. you don't have to trade long term because it is too risky. so you can collect a little profit every day besides that you can do analysis so that your trading can be sharpened even better.

Day trading requires more time from the trader than long-term trading. And if you can not always be in front of the terminal, then this type of trading is not suitable for you. And as practice shows, traders earn less in day trading than those who invest for the long term.

I tried this one during office hours and my breaks but unfortunately, it never works great and it will just end up losing.

Time is very important in day trading and we need to monitor our trades from time to time. I did sometimes for this but when I have in focus, no office job, and during my day-off. Honestly, this requires concentration, we only just fail if we are not in that mood. Yeah, better to forget about trading if we don't have enough time to do it.

[michellee]

snip~
The only way for day traders to prevent the loss is to learn every day to analyze the market. By learning more about trading every day, you will know the coin pattern while searching for the other coins, which can be the potential to give you a profit. Yes, day trading is hard, but that is worth trying and learn more analysis to find what coin will work best for you. If you think that your trading time does not work for you, you can leave the market for a while to see if the market's moving will be good in the next few hours.

Bitcoin or any crypto never follows any patter, we assume that it is supposed to move based on the candle sticks and indicators but if it move in that way most of the time then day traders would be world's richest persons in this world but it will not happen since we are talking about day trading not, short or mid term trading.

We need to prepare many things before we decide to be a day trader because the market will always change. Maybe the price pattern will not be the same, but we can try to analyze where the pattern usually moves, so we can analyze more to find what we need to do. Maybe you need to determine the good time to trade in a day, so when you trade, you can make a profit and you do not have to trade all day long, but you can continue trade tomorrow, especially if the price is at a good move.

[blockman]

And it ends up being an investor is a better choice than to day trade. I myself am an investor and found it better than day trading. But there were times that I did day trade and that seems to be a good day but many were bad days too.

Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.

That's right, your long time profits can eventually be moved in day trading if you're not careful enough to protect it and will allow your own emotion to move you.
I think that's a better idea if you're having fun but you're also thinking of the good return as you trade but no pressure at all.

Secure everything while you still can when it comes to profits and when the time that you are already just re-rolling or re-investing on the profits that you had made and able to make another profits with that

then i can say that this kind of trading is somewhat a less stressful than into those times that you are still struggling on getting ROI into your initial capital.Thing here is that you shouldnt really rush up on reaching out that
certain goal of yours because once you do have that pressure in mind then it would surely reflect into your actions.

Finding day trading to be worth is something that only yourself could prove out because not all would really be fitting out into this kind of trading method.It isnt something
that everyone could handle so better test out for yourself and find it out.

There are traders that can't do that. They have a different strategy in trading and they would be willing to use their capital together with the profit instead of securing it first.
At least, that's what we're going to do if we've gained that much already and would be wanting to continue and extending our trading activity with what we have. I agree that it's better to secure everything first.

[ReiMomo]

~snip~
Time is very important in day trading and we need to monitor our trades from time to time. I did sometimes for this but when I have in focus, no office job, and during my day-off. Honestly, this requires concentration, we only just fail if we are not in that mood. Yeah, better to forget about trading if we don't have enough time to do it.

This is very true because I tried this before when I was in my job before since there is free wifi in my workplace, I tried day trading but it ends up a failure because I can't manage very well my trading portfolio because I can't focus it. Day trading needs to consume your time and you should spend more time on it. It's like once you enter in day trading, you just committed to spending all your time.

If you can't this day trading and have a lot of free, I suggest being an investor in crypto or long-term trading, day trading isn't for you if you have a job. And if you going to ask me if that is worth it, yes, but there are so many things to consider.

[Ryker1]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Well, that is right --it is worth it if you have sufficient knowledge and skills on it and of course, the most important is the time that you will perhaps spend on the day trading. I have heard there are too many traders that gained profit day trading, I don't know what is their technique or strategy and I admire them but the problem is I don't have sufficient time doing this and I am afraid if I will force my self I will be lost all my fund. However, if you are willing to risk your money and hoping that will earn it, that is good for you because day trading and gambling for me is almost the same.

[Mahanton]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Well, that is right --it is worth it if you have sufficient knowledge and skills on it and of course, the most important is the time that you will perhaps spend on the day trading. I have heard there are too many traders that gained profit day trading, I don't know what is their technique or strategy and I admire them but the problem is I don't have sufficient time doing this and I am afraid if I will force my self I will be lost all my fund. However, if you are willing to risk your money and hoping that will earn it, that is good for you because day trading and gambling for me is almost the same.

Everything would really be accompanied by risk and its one of the most common thing when you do deal with trade and with the word day trade which means you would need to be active
which simply means that you would need lots of time for you to deal with it.Yes, this is profitable if you done it the right way but something risky that not everybody could able to handle off
This will particularly tested out your capability towards trading activity because not all would really be fitting out on this kind of trade.This doesnt only need sufficient long time
but also a very crucial when it comes to risk handling or management.

[Zemomtum]

Day trading is not an easy thing to do unless you have mastered the rudiments of training. Most people get this done after 2 years of consecutive trading, you might end up losing more if you are a newbie and attempt the day trading.

[Mpamaegbu]

I assumed, that trading was really easy

Add this to your bag of wisdom — Assumption is the highest form of ignorance.

You did what you were supposed to do first on the second guess, and that was getting the basic skill set for trading. Well, good a thing you eventually recognized that you didn't know anything and went for tutorials on trading. I have to admit to you that trading isn't an easy job. But then, so also is going to space. Yet people take the risk going to space.

I am talking about the path of naked charting/indicators/patterns.

You meant solely relying on Price Action? Even with PA you will still need leading indicators like trendlines and pivots to know where stops of Support and Resistance are. In the actual sense, there isn't such thing as naked charts.

If anyone could explain their strategy on day/swing/scalp/position you will make my day

These positions are individual specific. What works for A may not work for B or C. So, you have to choose what suits your temperament. If you're the impatient type of person in real life, you may want to avoid scalping or day trading. Choose swing .

[bitzizzix]

Definitely it is worth. But day trading is not very easy, tough. So you have to trade the day very carefully. Day trading should not be done without sufficient knowledge. Many do not want to trade long again, because they can not.In my opinion, there is a good profit if you can trade the day efficiently.

Well, that is right --it is worth it if you have sufficient knowledge and skills on it and of course, the most important is the time that you will perhaps spend on the day trading. I have heard there are too many traders that gained profit day trading, I don't know what is their technique or strategy and I admire them but the problem is I don't have sufficient time doing this and I am afraid if I will force my self I will be lost all my fund. However, if you are willing to risk your money and hoping that will earn it, that is good for you because day trading and gambling for me is almost the same.

Everything would really be accompanied by risk and its one of the most common thing when you do deal with trade and with the word day trade which means you would need to be active
which simply means that you would need lots of time for you to deal with it.Yes, this is profitable if you done it the right way but something risky that not everybody could able to handle off
This will particularly tested out your capability towards trading activity because not all would really be fitting out on this kind of trade.This doesnt only need sufficient long time
but also a very crucial when it comes to risk handling or management.

In my opinion a successful day trader should have a deep understanding of the market and of course have a lot of experience which will minimize risks and should do so on a full time basis.
It is not easy to become a day trader and must have very adequate skills, and use technical analysis, chart patterns and technical indicators in identifying trades etc., which in my opinion is very complicated.