Looking for daytrading strategies for beginners/intermediates.

[Aliceooo78]

The daily trading strategy is not a wise choice. I have a few questions, which are very important premises. Are you healthy? Can you make anti-human choices? Can you do it with your heart? Can you control emotions and greedy humanity? If you can't do it, I don't recommend to do the band. Just as someone said, in an upward trend, your profit comes from the general trend, not that you have mastered the skills. If a bear comes, any technical indicators cannot be judged, and technical indicators are all things that have happened. There is not much reference value. All I can say is good luck and don't step on the minefield.

[PastorNick]

Just now I completed my daytrading. Fortunately, I escaped this decline. Although my profit has decreased, it doesn’t matter. I am waiting for a better buying opportunity.

[perfect999]

snip..

for you and your partners know that making a profit from day trading is not easy, I'm still not able to make a steady profit from day trading.  Your analysis, skills and intuition must be sharp if you want to continue to profit in daily trading.  the majority of trading channels on youtube are only after their AdSense account so you have to find your own formula..

I agree with the latter part of your reply, most of the youtubers are looking to promote either sponsored content or just looking to make money by ads.

Not sure what strategy one can suggest for Day Trading where you basically need to buy a coin for cheap and sell it for a higher price. Really what kind of strategy exist in such a minimalistic procedure? Maybe one can teach how to learn the movement of the cryptos and when a coin may go up and down. But from my experience in crypto trading for years, it's impossible for anyone to predict the movements that happen all day.

A good trader may predict the price for the future or the movement after a few months based on the fundamentals of a project but predicting sharp and quick movement is near impossible.

[ipanks]

Your goals to achieving your goals seem to make sense this year as the market moves good so you can predict to achieve that using daily trading. However, you need to lower your percentage to 1.5%-2% but rinse and repeat if you can see the coin have good moves or fast moves. You can compare your result from time to time so you will know if your strategy still works best for you or you need to modify it for a bit so that will work at this moment.

If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.

[RokokGudangGaram]

I don't really think what strategy would be fit for you but I can give this site https://www.babypips.com/learn/forex I learn a lot of things here I think you can make your own strategy if you understand the market well by watching the patterns of the market and their distinctive behavior through different time frame. I can say that 3%-5% profit for day is possible however it's also possible to lose 3%-5% too or more than that.

[tygeade]

Best would be to study indicators, that way you would know some signals and see them when you should buy or sell, it really helps people out a lot. It means that you should be focusing on what to do with what you got and sometimes it takes time, depending on the person.

For example, my math is horrible so it took me years to learn trading, but a friend of mine learned it in a few months and become not a bad trader, only because he was an accounted focusing on audit before he even heard of bitcoin, hell since before bitcoin was even a thing so he learned a lot faster with his skills. Long story short it may take different times for each person but the path is the same, learn how to trade from learning technical analysis and that way you will get better and better.

[beerlover]

The daily trading strategy is not a wise choice. I have a few questions, which are very important premises. Are you healthy? Can you make anti-human choices? Can you do it with your heart? Can you control emotions and greedy humanity? If you can't do it, I don't recommend to do the band. Just as someone said, in an upward trend, your profit comes from the general trend, not that you have mastered the skills. If a bear comes, any technical indicators cannot be judged, and technical indicators are all things that have happened. There is not much reference value. All I can say is good luck and don't step on the minefield.

There are way too many people who need to test to see if they are or they are not. I understand the logic that we should be basically doing something that is a slight bit risky, and it is not easy because in the end we could be losing a lot of money doing it. However that doesn't change the fact that we are doing something that is very very profitable if we do it right. So, what happens?

People who are good at it trades and earns money, people who are bad at it for a long time stops doing it, and there is this gray area where there are tons of people who either never tried it and will try it, or people who tried it for only a while and haven't decided if they are good or bad yet. That is the situation we are in right now, and I believe those people will end up losing a lot of money, a few will profit but the ones who will lose will have a big problem.

[SirLancelot]

My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).

I don't want to puncture your hopes of earning but most of the YouTubers and bloggers are just sharing the same redundant advise and methods. But let's hope you have actually learned from the worthy ones.

We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).

A 2-3% daily gain might be optimistic at best. Yes, you may have a few days or weeks where you can maintain such profits but I don't think the plan or expectations are sustainable.

My honest suggestion: Just don't set any goals before you actually trade and see how it goes and based on your results, you can plan for the future.

Daytrading isn't always as easy as it may sound. Many times people confuse simple things as easy, remember simple means it's easy to execute but you won't always get the chance to execute which makes daytrading simple but not easy.

[sujonali1819]

For day trading you must be a sharp minded where you have to pick the correct coin, you must have some knowledge in technical / chart analysis, you must have to Control you emotion, You should not be panic, etc.

So the main strategy is choosing the best/accurate coin and take decision of ending the trade at the right time with profit. Best of Luck

[Shenzou]

Day trading is quite difficult and especially when used in the cryptocurrency market as it is highly volatile and requires a lot of strategizing and practice, so my suggestion is to start of by trying to demo trade some other assets and once you feel like you got a clear idea about how it works and get more wins than losses than try to implement those strategies into the crypto, and a word of advice don't listen to youtubers about using certain strategies as some them really are misleading and just promotion

[Silberman]

Your goals to achieving your goals seem to make sense this year as the market moves good so you can predict to achieve that using daily trading. However, you need to lower your percentage to 1.5%-2% but rinse and repeat if you can see the coin have good moves or fast moves. You can compare your result from time to time so you will know if your strategy still works best for you or you need to modify it for a bit so that will work at this moment.

If you ask us about the strategy we used, I think that will not work because we have different times to trade and different coins that we select. I can only suggest you are not too greedy to take profit in any situation.

Even that number is very high, supposing that you could earn 1% daily and this is compounded each day we get that you can multiply your money more than 36 times, so if you started your journey with 10k at the end of the year you will have more than 360k, this is how unbelievable those results really are, just to give you another example profits of 0.2% daily are more than enough to double your capital in a single year and obviously if you did it for many years you could still become rich, so I do not think the numbers the OP gives are realistic at all.

[death69]

It is extremely hard to make such continuous profit daily like what you say. It is possible but only for experience traders who are expert with scalp trading. Why don't you try 15%-20% weekly. It is much better for starters. The most important feature in trading is know how to maintain your money properly. With good money management strategy, you can get rig of negative emotion in trading and stick to your plan without any problem

Have you tried tradingview? There are professional traders with good contents providing quality signals or ideas for you to understand the market deeply. Then, you can draw your own conclusion.

[Dewi Aries]

Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?

Maybe 1 of my tips is, in day trading sometimes we not get what we aim. I mean, not every trade is like what we predicted although only want 2.5-3% profit from capital. Maybe my suggestion is prepare back up money so you can always do trading when there are problem come into your trading activity like when stuck because price of coins that already bought dumped.

[LUCKMCFLY]

Hello everyone,

My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.

Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?

looking forward to your suggestions and tips!

Thank you!  

Well 2-3% is not a difficult goal to achieve, what happens is that to ensure that goal you must analyze the market very well, it is much more likely to achieve the goal when you do a day trading, if every day you 3% ago is equivalent to doing 21% a week, and per month it would be approximately 84%, and the objectives increase, which seeing it like this is difficult to have as much profitability or constancy in winning, so uqe must have in ceunta that many when they do not achieve that objective fail because the numbers do not add up.

I think that if at least 3 trades are made in the medium term, or if it is done at least 1 month, the percentage that can be achieved could be above 20%, but in a safer way, that is why trading In the medium and long term, it is more likely for me to be successful than in the short term. My strategy is to win the 1st trade, if I lose it, I make a 2nd trade to recover and make a profit, in case I lose it, I make the third trade only to recover and exit neutral, but that is preferable to losing, in case of losing the 3 is that my analysis and market strategies are not in the correct vision, it would be necessary to assume the loss and establish another strategy without despair, the market always gives new opportunities.

[Hobo66]

Day trading, in my experience, is somewhat dangerous. Because cryptocurrency is so unpredictable, you will need to devote a significant amount of time to trading. Day trading is not a simple skill to pick up quickly, especially for newcomers. Learning will take a long time. Day trading is suitable for people who can tolerate losses and have the time to manage day trading, as it demands a significant amount of time.

[ScamViruS]

Day trading is certainly dangerous for those who have very little trading knowledge. To do day trading, a trader must have a high level of skill so that he is able to predict the next movement in the crypto market. If a trader does not understand the movement of the market, then he must leave the market with huge losses.

And this is the mistake new traders make, they hope to make quick profits in day trading but at the end of the day they face losses. Because they do not have the skills and experience to make the right decisions in those market situations.

[teosanru]

Hello everyone,

My partner and I have started daytrading crypto a couple of months ago, however, we have been facing some difficulties trying to implement strategies we learned from traders (bloggers/youtubers).
We are starting with a relatively small capital and our goal is to somehow achieve a win of around 2.5-3% a day since we have got a plenty of free time to invest in day trading (around 10-12 hrs daily).
We have already had the chance to learn many technical analyse methods and strategies but unfortunately we were often unsuccessful implementing them ourselves.

Our questions are: does our goal sound realistic and what would be your advice for us considering learning and using strategies in order to be successful at day trading? and are there any helpful learning platforms you would recommend?

looking forward to your suggestions and tips!

Thank you!  

What I have seen in crypto in my past experience is that it's really not that wise to go for trading in this market, You will end up learning the technique and practicing it for more than 2 years and then you will spend atleast 10-12 hours daily in the market searching for opportunities and at the end would get just 30-40% return each month that too I am exaggerating too much, the average is around 25-30% for good traders, and after that, you will see top coins in the market reaching 10x-20x or even more than that in less than a year, which means you would have earned a similar return holding the top coins as you would do by trading them for hours each day. So I feel it's better to play positional and do only positional trading and holding.

[Fakhrulenclix]

For trading advice, you keep trading with potential altcoins and with the market currently in the red or down. For strategy I suggest you study on youtube only or do a search on google, you can use your experience as the best way to trade and correct mistakes so you can make profit.

[sherenikaw]

For a beginner or a professional trader, they must have experienced failure and that is normal because everyone will get it. It's okay if we can learn from our mistakes and do better in the future in trading. day trading is not an easy thing, we have to look at the market more often to be able to analyze it. Learning to trade can be through the web, tele  groups, books or YouTube which are trusted. follow blogs or tele groups that are trusted and free and learn well in them. other than that the practice in trading will also help us to find out what mistakes were made to be corrected next.

[GreatArkansas]

I'll give the most important advice for me as a trader.
"Risk management" most of the newbies don't practice this, for example, not putting stop loss or they are marrying their altcoins or trade position.
You should think always that you are trading, you are thirsty for profits. So no matter how much profits are that once your goal is achieved, you will take profits based on your target.
Risk: reward ratio is also good, do research on how this works. This is something, how much you are willing to take the risk for that x profits, is it worth it?