Tips and tricks for day trading

[awik p]

I'm not an "active trader" or a day trader, but there might be a "counter-counter strategy" against the whales' "stop-loss hunt counter strategy" for the plebs' use of the "stop-loss as a strategy". It's for plebs to make their trades smaller, and stop losses wider. OR simply, buy the DIP and HODL.

If you make your stoploss wider then there are chances that the price eventually hit your stoploss that you have made too wider hoping it won't get there but it gets there and take you out thereby you lose huge. If you set a far stop loss and it hit it, you are losing a lot of money than using a minimal sl so that you don't lose so much of capital.

I think the use of stoploss also uses careful calculations, so that this will be in accordance with the desired RR. stoploss too close is also not good, especially too far with a narrow target. Of course this is not profitable. I think we have to decide which time frame to use, so that it can be seen that support and resistance are formed. that way we can calculate the RR whether it is profitable or not to trade. the higher the time frame will usually have a greater stoploss tolerance, but we will also get a profit at least according to the risk, or even more. like that's the theory that I know in trading, if we choose trading instead of the way that has been mentioned op

[Silberman]

This is an important point that is almost never brought up, when it comes to other professions people talk about how much they liked it or the burning passion they had for an activity similar to it so they choose that career path, and yet when it comes to trading almost everyone always say they are here for the money and nothing else, and while that is not wrong it is obvious such people are at a huge disadvantage against those that actually like trading, as those people will dedicate way more time to refine their strategies and will have greater chances of becoming successful in this market.

This is the main topic here, people do not see it as a job, they see it as a way to get rich. You do not become a junior copywriter so you could be rich, you do not become a painter so you could be rich. It would be great if your life takes you to wealth of course, who would say no to that but people work at jobs because they need the salary and that salary is most of the time not big at all.

Instead, they go to trading and hope that their few hundred or few thousand dollars could become hundreds of thousands of dollars where they could get super rich. I am sorry but that won't happen, this is a job just like any other job in the world and you get what you are capable of. So, just getting whatever tips and tricks from web or from your mentor or friend who is into trading for years, may not work all the times as success in trading needs equal luck as per your skill set.

Correct, the false expectations that newbies have is what causes them to lose their money in the first place, if someone comes to the market with expectations of making on average 20% profits per year then that person could get that by just holding, if he wanted a little bit more then he could get it by making a few trades here and there, however the one that wants to multiply their money hundreds of times will never get what they want as the risks they will need to incur are so high that they will fall victims of all kind of scams in the process.

[nhaila]

Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

• Which websites are the best for analysis?

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

Thank you for your time,
Samitto.

Hey guys you can get trading tips and tricks for better trading in cryptocurrencies magazines, journals. You can get trading tips from different YouTube channel and telegram groups and channels.

[Quidat]

This is an important point that is almost never brought up, when it comes to other professions people talk about how much they liked it or the burning passion they had for an activity similar to it so they choose that career path, and yet when it comes to trading almost everyone always say they are here for the money and nothing else, and while that is not wrong it is obvious such people are at a huge disadvantage against those that actually like trading, as those people will dedicate way more time to refine their strategies and will have greater chances of becoming successful in this market.

This is the main topic here, people do not see it as a job, they see it as a way to get rich. You do not become a junior copywriter so you could be rich, you do not become a painter so you could be rich. It would be great if your life takes you to wealth of course, who would say no to that but people work at jobs because they need the salary and that salary is most of the time not big at all.

Instead, they go to trading and hope that their few hundred or few thousand dollars could become hundreds of thousands of dollars where they could get super rich. I am sorry but that won't happen, this is a job just like any other job in the world and you get what you are capable of. So, just getting whatever tips and tricks from web or from your mentor or friend who is into trading for years, may not work all the times as success in trading needs equal luck as per your skill set.

Correct, the false expectations that newbies have is what causes them to lose their money in the first place, if someone comes to the market with expectations of making on average 20% profits per year then that person could get that by just holding, if he wanted a little bit more then he could get it by making a few trades here and there, however the one that wants to multiply their money hundreds of times will never get what they want as the risks they will need to incur are so high that they will fall victims of all kind of scams in the process.

Set particular goals but of course you should stick into something which is really that realistic and wont go into something which is impossible to attain and those common newbie
kind of perception(we do past into that when we are just starting but as we do go ahead and learnt up things then we do realize that theres no trick on making yourself
survive in the market. Do your best on learning across your path and try to sustain as much as you could because trading is a career where impatient and gambler
like mind wont survive.

[Smitty Werben Man Jensen]

Daily trading is very good in futures trading, because the high volume and the market is always moving,
and making it easy for traders to trade,

very different from the spot market, in the spot market daily trading will be difficult to do with minimal capital,
because profits and volatility are also very low, yeah? that's the tips and tricks for daily trading,

[Rigon]

In fact, day trading is not so easy.A person has to work hard enough to do day trading. Because it is a short time trading system.You may buy from such a position but it may not come to that position later. So you have to buy from such a position so that the market will go to that position in a short time.And you have to keep an eye on the market all the time. You just have to be more discriminating with the help you render toward other people.

[ajochems]

It’s very simple step to be followed on a day trading.You need sell with 5-10 percent of minimum profit.Because it won’t accepted by the most of the investors.So you need to build that minimum profit mindset.It takes nearly of 3months.Because all the people will move to normal trading from day trading,if they had come across huge pump in the price of the invested coin.

[Wind_FURY]

I'm not an "active trader" or a day trader, but there might be a "counter-counter strategy" against the whales' "stop-loss hunt counter strategy" for the plebs' use of the "stop-loss as a strategy". It's for plebs to make their trades smaller, and stop losses wider. OR simply, buy the DIP and HODL.

If you make your stoploss wider then there are chances that the price eventually hit your stoploss that you have made too wider hoping it won't get there but it gets there and take you out thereby you lose huge. If you set a far stop loss and it hit it, you are losing a lot of money than using a minimal sl so that you don't lose so much of capital.

You didn't understand the point ser. Smaller trade sizes means you can set your stop losses wider/take more volatility, decreasing the possbility of the stop-loss hunter from activating your stop-loss.

[Silberman]

Set particular goals but of course you should stick into something which is really that realistic and wont go into something which is impossible to attain and those common newbie
kind of perception(we do past into that when we are just starting but as we do go ahead and learnt up things then we do realize that theres no trick on making yourself
survive in the market. Do your best on learning across your path and try to sustain as much as you could because trading is a career where impatient and gambler
like mind wont survive.

And I agree, however newbies with their lack of knowledge do not really know what are the realistic profits they could get out of this market, after all it is not rare to read ads that give false expectations to newbies about what they can earn here, for people like us that can see through those ads that is not much of a problem but for those newbies this sets them up for failure, as it does not matter how good you are as a trader it is almost impossible to reach those results.

[|MINER|]

Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

For day trading you have to choose the first row of coins, and for choosing you have to look at the trading volume and what percentage has been Down or pumped down in 24 hours. In this case, it is better to select the coins that are down in 24 hours, but you have to look at the trading volume.

• Which websites are the best for analysis?

I will suggest you this website  tradingview

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

It is not necessary for trading . some time traders got loss for follow this

[Natalim]

snipped~

And I agree, however newbies with their lack of knowledge do not really know what are the realistic profits they could get out of this market, after all it is not rare to read ads that give false expectations to newbies about what they can earn here, for people like us that can see through those ads that is not much of a problem but for those newbies this sets them up for failure, as it does not matter how good you are as a trader it is almost impossible to reach those results.

Might not if you will just let it go that way. But I think it was not a problem, for as long as the trader makes a profit, they will still survive. What we just worried is about how to grow these newbies if their mindset is like that. Thinking a profit isn't be our top priority but instead of focusing on how we improve our knowledge and skill, they are a major tool for our success.

There is no other trick and tips in here aside from getting to know more about the market. We have to invest in learning first rather than chasing for a profit.

[Jazzi Mahesh]

The best day trading strategy is the opening gap strategy. As the name suggests, day trading is a strategy in which traders open and close positions on a particular trading instrument during the day, but typically do not hold any positions overnight.

[LUCKMCFLY]

It’s very simple step to be followed on a day trading.You need sell with 5-10 percent of minimum profit.Because it won’t accepted by the most of the investors.So you need to build that minimum profit mindset.It takes nearly of 3months.Because all the people will move to normal trading from day trading,if they had come across huge pump in the price of the invested coin.

What happens is that the profit depends on the type of personality of the trader, there are some who tend to have a lot of skill in scalping and could even be seen as a talent, but they do not work or do not win for medium-term trading.

However, 3 months for some trader is a long time or they simply leave the market because there are people who like to see constant movement, just as for me 3 months is a normal period of time and it is also very beneficial because any movement gives time to react and see how to do.

In addition, the financial education that one has influences trading either as a market speculator or as an investor.

[DoublerHunter]

The best day trading strategy is the opening gap strategy. As the name suggests, day trading is a strategy in which traders open and close positions on a particular trading instrument during the day, but typically do not hold any positions overnight.

^ That is not easy like that, you need to have dig research first, and choosing a coin is a start that you should do first.
Day trading is very risky, especially for newbies and I won't suggest this to the OP, much better if OP will find another way of making a profit because this is not a kind of making a profit easily. Probably, long-term trading is good advice to those newbies who wanted to start trading because they can manage the risk if they hold it long-term and trade long-term. If you are a newbie to day trading don't expect profit in the first place, but treasure your experience in trading because that will teach you to become a better trader.

[livingfree]

The best day trading strategy is the opening gap strategy. As the name suggests, day trading is a strategy in which traders open and close positions on a particular trading instrument during the day, but typically do not hold any positions overnight.

What if you're at loss when you're about to close it as the rule of itself says that you don't have to hold any position overnight?

I find it hard to follow such strategy like this and that's why when I trade, I'm making sure that it's either loss @ 5% or winning more than 5%. That's easier to look at especially if you're at day trading.

You don't want to get a loss if you're closing the day with your positions and it doesn't matter whether you've gained much or just a little.

[palle11]

You don't want to get a loss if you're closing the day with your positions and it doesn't matter whether you've gained much or just a little.

I think the fear of closing a lossing market dreads the trader but no choice on that. It is better to close a lossing market while it is still small than when the loss has accumulated. There is a way that you can manage a lossing market over the day. To that you can use the stop loss so that it stop the trade when it gets there.

[Silberman]

You don't want to get a loss if you're closing the day with your positions and it doesn't matter whether you've gained much or just a little.

I think the fear of closing a lossing market dreads the trader but no choice on that. It is better to close a lossing market while it is still small than when the loss has accumulated. There is a way that you can manage a lossing market over the day. To that you can use the stop loss so that it stop the trade when it gets there.

This is true, I have read about some of the worst losses that traders have incurred and most of the time it has to do with a refusal to use their stop loss, basically they make a trade and then the market turns against them and their trade hits a level in which they should sell, however they get emotional and decide to not do so or even to add to their position, then the market keeps going down and now their losses are even bigger, this makes them even more emotional as they do not want to lose so much money and refuse to sell, then the inevitable happens and their losses are so big that no one can recover from the losses they have incurred regardless of how skilled they could be.

[livingfree]

You don't want to get a loss if you're closing the day with your positions and it doesn't matter whether you've gained much or just a little.

I think the fear of closing a lossing market dreads the trader but no choice on that. It is better to close a lossing market while it is still small than when the loss has accumulated. There is a way that you can manage a lossing market over the day. To that you can use the stop loss so that it stop the trade when it gets there.

Yes, I've mentioned that.

5% of cutting your loss or stop loss is already good enough when you can't make it as the market dictates. That's what you're going to choose, either win or lose.

It doesn't matter as long as you know what you do and you're stoppage is on time and you don't lose a lot of money due to that. It's a matter of decision when and how much is the percentage.

[rojan]

There are several strategies in day trading and you can choose them according to your plan in the future and also convenience. To do day trading is a bit tiring because our focus will be divided and we also have to move quickly to make sure we get the right moment in a short time, even a matter of minutes. it will be a little troublesome for beginners but if indeed you are interested in trying it then that's good.

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

What I have noticed here is that important issues are sometimes raised here but the people who have come here have not come to the profession then they can understand how much they like it by looking at it.  That's why they came here because of their careers. They all always say that they are here to make money, but if they come here, it will be seen that they will gain some time and it will take some time.  Sometimes there is a lot of tie loss

[shawon01]

There are several strategies in day trading and you can choose them according to your plan in the future and also convenience. To do day trading is a bit tiring because our focus will be divided and we also have to move quickly to make sure we get the right moment in a short time, even a matter of minutes. it will be a little troublesome for beginners but if indeed you are interested in trying it then that's good.

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind
[/quote]
The important thing here is that it is almost never raised, but when it comes to other professions, how much people like it and how much they are attracted to it, it is understood that when one talks about burning emotions, action chooses the path of life.  The idea is that almost everyone here to trade it actually says that they have ever come for the money and if it is said here they have chosen it and although it is not wrong, many people from here say that such people are going through the motions against them and  It is understood from these