Day trading, is it worth?

[wiss19]

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?

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

I think you should be careful, it’s not a must that you’re going to be a trader, just know your limit while you’re doing this so that our don’t end up losing your money too much while trying to learn how you can trade. If it’s not working just know that there are other ways that you can be getting income from cryptocurrency, trading is not the only means that was created for people to be earning money from Bitcoin.

Just do the one that’s going to work out for you. You can as well try HODL and see whether it’s going to work. At least you can have time to try others things or maybe continue you’re job while the money HODL stays there

[noorman0]

Yes it is worth it if you have plenty of time to monitor the charts, but you should always be ready to switch to long-term trading when your profit target has not been reached. Especially when the market is experiencing a sudden correction, it will erase your previous prediction. Don't use even 50% of your total assets on day trading if your portfolio is not very good.

[Wawa2013]

It is not easy to make profit from day trading, because we must have excellent analytical skills in reading the movement of coins. And also day trading
must use large capital, so that the profits generated can also be large. Because day trading only takes about 1% -3% profit every day. Therefore, if we
use small capital, it will be very difficult to get a decent profit.

And also the selection of coins is very important if we want to do day trading, it is safer to choose high volume coins. Because usually coins with
a high volume of price often move up and down, we can use it to make a profit from the coin price movement. So in conclusion day trading is very
feasible for traders who are experienced and have good analytical skills.

[boyptc]

Yes it is worth it if you have plenty of time to monitor the charts, but you should always be ready to switch to long-term trading when your profit target has not been reached. Especially when the market is experiencing a sudden correction, it will erase your previous prediction. Don't use even 50% of your total assets on day trading if your portfolio is not very good.

There is also a tendency that he has to cut loss if his analysis didn't go well. It is the best option that a day trader has to do.

No feelings and emotion as they trade and only has to make the right decisions to lessen the loss.

[TheGreatPython]

Especially when the market is experiencing a sudden correction, it will erase your previous prediction. Don't use even 50% of your total assets on day trading if your portfolio is not very good.

Yeah, I am into day trading but I am using only 10% of my available capital. Because, unpredictable volatility is more common in bitcoin market hence to withstand against unexpected losses I am forced to use very least capital which is the enough for me to gain some small profits on day-to-day basis. I have tried previously with the big capital for big profits on daily basis but I was not successful so I changed my plans which is somehow fitting for my trading habits.

It is not easy to make profit from day trading, because we must have excellent analytical skills in reading the movement of coins.

I have experienced that technical analysis failing time to time in day trading because I have been missing news and events which are affecting crypto space. So, day trading can be profitable if we are able to find short-term market directions but with indicators it is becoming possible for me regardless of I'm not good in analytical skills.

[aysg76]

Day trading is a game of knowledge,skills,and experience because you have to be keen observer of the market all the time and if your strategies are well deployed then you could earn some profits.But you will lose at some point as this is part of trading.But if you are willing to have huge returns and have patience then try to hold it for the long time.Buy coins at the dip rather than investing at peak prices and regretting afterwards which is all in vain.Make your portfolio of some of the most top coins and play with them in your allocated budget which is one of the best practice.Always try to learn and never says I know everything as you have said you have reached at that point which is good on your behalf.Keep going with determination.

[cute nmp]

Day trading is profitable but only if you have knowledge about trading and it's basis.I prefer swing trading because it is more stable and have more wins but swing trading does not always work in crytocurrency because of the high volatility.So I switched to learning price actions and some indicators which  I used for my day trading and was able to make some reasonable amount of profits from it.

[Savemore]

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.

A lot of people usually expect that they can earn a lot of money by becoming a day trader without knowing that they need a lot of skills and strategies to master first before they finally become good at it. It takes time and I do not talking about just days or weeks, I'm talking about months and even years of studying, backtesting and researching. Creating a trading system for day trading is not easy as you think because for sure you really need to work hard in order to become good at it.

There are now a lot of technical analysis lessons that we can find all over the internet and my advise for those people who want to become full time trader is they should first invest in their knowledge first wherein they should have foundation on what are they doing. Day trading is not easy but the rewards there are great so be sure that you have knowledge on it first before putting real money.

[Rasel5209]

Hello guys, how are you?

It is nice to meet you!

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle , however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:

Since then I have read studied books/watched videos and I come to conclusion from Socrates: I know that I know nothing.

My head is spinning from all of the information and I am lost because I really don´t know what path should I take. (don´t get me wrong I don´t want to switch out from trading, I made my promise and I am trying to reach out to people who are more experienced than me).

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

After all, I know this may sound silly as hell, but I truly believe in a reality where we have traders who make on consist basis between 10%-20% in a month.

If anyone can share their strategy, I am one ear.

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?

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

At least I tried it

Have a beautiful life, peace and make them gainz!

Hello, I am fine. You have long of experience in trade. I agree with you first i say day trade is high risky way and you can not wait for huge profits. On the other side if you buy coin and hold it you can make huge profits. If you can selected good coin you have any pain.

[qwertyup23]

Depends on the capital that you are willing to invest in day trading.

Generally, prices of cryptocurrency changes every single minute of the day without any notice. Some traders took advantage of this volatility and they engage into day trading. While it may seem tempting, the guaranty of profit is not absolute as the loss is directly proportional to the money you invest.

I remember I read an article about day traders as they lose 97% all the time and the successful day traders earn as big as someone who works as a bank teller. So, if you are willing to risk huge amounts of capital, then expect big winnings/losings at the same time.

[DoublerHunter]

Depends on the capital that you are willing to invest in day trading.

Generally, prices of cryptocurrency changes every single minute of the day without any notice. Some traders took advantage of this volatility and they engage into day trading. While it may seem tempting, the guaranty of profit is not absolute as the loss is directly proportional to the money you invest.

I remember I read an article about day traders as they lose 97% all the time and the successful day traders earn as big as someone who works as a bank teller. So, if you are willing to risk huge amounts of capital, then expect big winnings/losings at the same time.

^ I disagree with your statement here.
Gaining profit in day trading is not about the capital, it is all about the knowledge and skills that you had for perfect market price analysis.
For me, it will depend on your experience + skills + knowledge = profit, if you have all of these, then consider day trading is profitable enough for you because the chances of losing are very far on your side once you know that you are good into it. Nevertheless, it does not have a guarantee that all of the time you get profit in day trading.

[Davism]

Hello guys, how are you?

It is nice to meet you!

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle , however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:

Since then I have read studied books/watched videos and I come to conclusion from Socrates: I know that I know nothing.

My head is spinning from all of the information and I am lost because I really don´t know what path should I take. (don´t get me wrong I don´t want to switch out from trading, I made my promise and I am trying to reach out to people who are more experienced than me).

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

After all, I know this may sound silly as hell, but I truly believe in a reality where we have traders who make on consist basis between 10%-20% in a month.

If anyone can share their strategy, I am one ear.

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?



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

At least I tried it

Have a beautiful life, peace and make them gainz!

~~MORE~~PROFIT~~AND~~INVESTMENT

W_H_A_T__S__A_P_P

+. 1. 8. 1. 7. 3. 8. 2. 2. 6. 9. 2......

[finaleshot2016]

If you don't have a deep understanding of the market and are only making meaningless assumptions, I found day trading to be difficult. Another thing I've found is that we should have a big capital in daily trading so that we can comfortably benefit even though the price increases by 3%. A small investment in day trading would actually waste your time, as we will lose money on occasions if we make mistakes. Often, a thorough understanding of the TA; there are a slew of indicators that can be used, but they'll be useless if you use them incorrectly.

Depends on the capital that you are willing to invest in day trading.

Generally, prices of cryptocurrency changes every single minute of the day without any notice. Some traders took advantage of this volatility and they engage into day trading. While it may seem tempting, the guaranty of profit is not absolute as the loss is directly proportional to the money you invest.

I remember I read an article about day traders as they lose 97% all the time and the successful day traders earn as big as someone who works as a bank teller. So, if you are willing to risk huge amounts of capital, then expect big winnings/losings at the same time.

^ I disagree with your statement here.
Gaining profit in day trading is not about the capital, it is all about the knowledge and skills that you had for perfect market price analysis.
For me, it will depend on your experience + skills + knowledge = profit, if you have all of these, then consider day trading is profitable enough for you because the chances of losing are very far on your side once you know that you are good into it. Nevertheless, it does not have a guarantee that all of the time you get profit in day trading.

True, but errors happen all the time, and it's impossible to guarantee that you'll enter the market correctly. Getting a low or negative daily PNL will remain as long as you trade daily. Not everyone is skilled at trading, and deciding the right entry can be challenging at times.

[Ziskinberg]

If you don't have a deep understanding of the market and are only making meaningless assumptions, I found day trading to be difficult. Another thing I've found is that we should have a big capital in daily trading so that we can comfortably benefit even though the price increases by 3%. A small investment in day trading would actually waste your time, as we will lose money on occasions if we make mistakes. Often, a thorough understanding of the TA; there are a slew of indicators that can be used, but they'll be useless if you use them incorrectly.

That capital really matters in day trading, the more you have to start, the bigger possible to gain, that what I think and I am right?

I've tried to start at $100 for trading and I was seeing the result isn't really good enough. Anyway, that was not already the intent to engage fully in trading but maybe, if we are thinking that we are suitable and really good at trading, that will be the time to add some more.

Having the capital of $500, that to believe is really enough to make good money in trading in less time.

[Miike]

Day trading as earlier asked is really worth it especially, when you are ready tobknow more than you know and also to know how the market is doing because for some nations or countries , It is only day time that the influx of persons to trade are more available in the market  than any other time.
Trading on Cryptocurrency really requires an in-depth knowledge ooon so as not to jeopardize the chance of making  cool cash when the need may arise. Having said that, there is need for one to fully monitor it to know how the fluctuations look like.

[Hypnosis00]

Trading is worth it for those people who know how to trade but for those who never understand it and never have to learn to trade, it was an easy and quick end in your money. I suggest not to do it if you don't have any knowledge about trading and that you think of yourselves as an emotional person because that only be the reason for your failure and losses. Because in reality, not all traders had come and tried had succeeded, I can say that many of them get back from where they come from.

That is why we better know first our capabilities before risking our money in trading and to know that there is no joke in trading.

[dimonstration]

That is why we better know first our capabilities before risking our money in trading and to know that there is no joke in trading.

Trading should be done with proper training and experience. It all can be learn by ourselves if we are really discipline and determined enough to do it since it's really worth the effort, the money and time when we are able to really trade in actual and determined coins to trade. It's a continuous process and progress there is always room to develop everytime we trade.

[cyriljundos]

Hello guys, how are you?

It is nice to meet you!

My journey began at the beginning of the pandemic. My portfolio was growing and I was in a state of euphoria. I assumed, that trading was really easy and instead of sticking with my initial plan (long-term investing) I got to shorting/trading a lot. Yes, I lost the battle , however, I don´t want to lose the war, therefore I have started study a lot and I got to the point:

Since then I have read studied books/watched videos and I come to conclusion from Socrates: I know that I know nothing.

My head is spinning from all of the information and I am lost because I really don´t know what path should I take. (don´t get me wrong I don´t want to switch out from trading, I made my promise and I am trying to reach out to people who are more experienced than me).

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

After all, I know this may sound silly as hell, but I truly believe in a reality where we have traders who make on consist basis between 10%-20% in a month.

If anyone can share their strategy, I am one ear.

I am really curious how are you evaluating your trading ideas, what is the process, and what are your rules what type of traders you are?

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

At least I tried it

Have a beautiful life, peace and make them gainz!

long term investment is good also as youve done it . holding your investment for long time may result to gaining higher profit if you choose the right coin. short day trade is effective also in trading, gaining small amount per transaction but it is profitable, short trade is quite stress but for the sake of profit its okay.

[blockman]

long term investment is good also as youve done it . holding your investment for long time may result to gaining higher profit if you choose the right coin. short day trade is effective also in trading, gaining small amount per transaction but it is profitable, short trade is quite stress but for the sake of profit its okay.

Day trading is stressful and that's not good if you're always bearing stress in your day-to-day activity. You have to choose whether you're very much fond of day trading. It's worth it when you're making money and you're getting used to it. But you don't have to do it all of the time if you're only getting stress in exchange for making money if you're used to it. In the end of it, you choose, get a daily stress but you're making money or choose to be an investor and you're getting stress only when the market's down.

[Viscore]

If I will say YES, do you believe it?
I know it won't until such a time that you will try it and find the results. If you wanted to have a concrete answer, much better to try it by yourself and that to know as well if trading is really meant for you or not.

We know for sure that trading isn't for everyone and that might also include you or even me. That is why if somebody claims that trading is profitable for him, he actually good for trading. And to accept that it possible we are not good as him to say that trading is worthy.