Day trading

[Cryptokobi]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

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[Oshosondy]

Trading is not for everyone. Just like you, you should have now understood that trading is not for you. You can be patient and just hold which would help you than to be trading and continuing losing. But that do not mean that some people are not making profit from trading.

[Tytanowy Janusz]

7 years in stocks 5 years in crypto and I can say that it is possible to make money from day trading in the long run but its not worth the effort. You will waste a lot of time, your head will turn gray,
trouble sleeping, trouble with stress, you will get sick (neurosis, stomach ulcers), family problems. All of those to barely (or not) outperform wide market in long run. Its much better to enjoy life and symilar returns with well balanced portfolio and medium/long term trades.

[len01]

i appreciate you have a very long experience in trading.
but keep in mind sometimes someone has other skills such as looking for daily profits with all the analysis they have had for a long time like you. so those who want to day trade or seek daily profit are unlikely to lose their money.
it is actually a long term investment that would be better but sometimes a trader is different and almost some % they will look for daily profits when a bearish situation is hitting the market

[Obari]

I didn't say that you can't make money from trading, I said that you can't make money from day trading in the long run, BTW I'm making very good money and I live from trading thank you for your concern

If you've been in that space for that long, sincerely you should've figured out what really works for you and it seems day trading isn't your thing but it is fr some other persons who possibly might be living their dream lives off day trading as their paramount source of funds.

I have been trading synthetic indices on derivGo app and I could gladly say I made some cool cash daily from it and if you ask me, I would always recommend derivGo, for anyone who want to day trade not as if I'm running an affiliate for them but for the simplicity and ease to deposit and withdraw funds as well as there transparency. So I would say that day trading isn't a waste of time

[GreatArkansas]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Hahaha, false. This is up to you. I know some OG on trading stocks or forex and then they start trading cryptocurrency too and they are doing day trading. They are also profitable. They are not always winning but I know it's normal, there's no 100% guaranteed when you trade.
As long as you have good risk management, it will not matter how you trader, even scalp trader you have, as long as you are not greedy, it's all good.

[Jawhead999]

That's why most of people are losing in trading especially if they're doing day trading. Each day will have different market condition, also with a unexpected rumors like crypto ban or the most popular exchange got hacked etc, which will make the market will suffer short dump. You have no choice instead of cut loss, if you're doing cut loss too often you wouldn't earn more.

But if you do 2-3 days or a week trading, I don't think it's will be profitable than just holding Bitcoin alone.

[judaspriest]

~snip~

I am agreeing with your opinion , if a trader did investment in wrong coin then this is fully his responsibility and I also think that if you didn't do proper analysis before investing then you have to face loss whether it is short term trading or long term trading.  And there was a saying if you don't know how to dance, then that stage will always be bad. So before investing choose time and coin care fully for avoiding loss.

I think that's part of the risk of trading and that's why it's important to do some research and analysis,
in trading we cannot completely avoid losses and it is difficult,
we can only minimize the risk

[Peanutswar]

It depends how you will treat the trading because it is good if you have a trading plan like make a trade if you get well because emotional and decision making there's a change of the outcome upon executing of the trade. Some people make a weekly.trade and day trade. I prefer with the weekly trade because currently the market is not.too much volatile in the crypto but in economic and stocks may varies to make a day trade.

[rozak]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

If you feel like you're not a good fit for trading (stocks and crypto), you may not be right in this environment.
believe me, you can imitate the way people make money. but everyone has a different place and sustenance.
when you are not fit to trade, why not invest long-term? have you tried it? if you have tried and feel you are still out of luck in the crypto market. I suggest getting out of the market and trying to do something else with the rest of your money. maybe you get your luck elsewhere.

[livingfree]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

I have friends in real life that have just been into trading because of NFT/P2E games and I've told them the same thing. I've traded many times and luckily some in profit and some in losses.

But with what I have understood and realized about trading, you don't have to do it daily and just do the usual trading of buying now and wait until it pops and makes you a profit.

Anyway, they want to learn about day trading, charting, technical analysis and stuff. It's on them, they can apply all of those and choose to day trade but I've told them that when they experience the same thing as mine, they'll have to calm down.

[Pandu Geddon]

I think not all traders have the same experience you have. I saw some friends who were successful with day trading.
there may be something wrong with the analysis or technique you use. the time you spend in the market is not short. it should be enough to give you experience.
if you have spent too much capital, I suggest you get out of the market for a while. trying to figure out what went wrong with your trade.

[rojan]

Before going to take a trade or  investment if you didn't do good analysis or did a wrong investment in wrong time  Then you have to face losses no matter how experienced you are. And only experienced it doesn't means good trader. And at the end I will say if a trader did wrong investment it's fully his responsibility and if you invest in the wrong coin at the wrong time, you will face loss not only in day trading but also in long term trading.

Yes I think what you said is absolutely right. If any experienced people make this kind of mistakes very less they invest after seeing the price of the coin they are going to invest in. But there are some new traders who have no idea about trading.  Buy coins without understanding anything and lose their money. I think before trading you should have good experience and then trade.

[stomachgrowls]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Depends!

There are people who you do called daytraders! Despite of volatility then they could able to sustain and make themselves that profitable.Yes,its never been easy considering and looking just on the
volatility of this market then you could really tell that dealing up with it on active manner does really require good skills.

Even myself did try to have that daytrade but turns out to be that hard considering that main enemy on here is your emotion because of those fast fluctuation of price.
If you cant bare out that particular thing then its better to stick to spot.

[wxa7115]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

That is the reality for most traders, there are a few people out there which can become successful day traders but their numbers are very small if we compare them to all the people which try their luck on this.

It is better for those which are just coming into the market to take things slow and just become long term holders, and after they get to learn more about this market then they could begin to swing trade, but at that point they may have learned so much about the market that their dreams of staring at a screen and trying to earn money that way would be no more.

[deathcode]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

That is the reality for most traders, there are a few people out there which can become successful day traders but their numbers are very small if we compare them to all the people which try their luck on this.

It is better for those which are just coming into the market to take things slow and just become long term holders, and after they get to learn more about this market then they could begin to swing trade, but at that point they may have learned so much about the market that their dreams of staring at a screen and trying to earn money that way would be no more.

looks like the OP has not mastered the problem or indeed he does not have good self-control in day trading. although long enough in the crypto market to trade, the reality does not guarantee one becomes a pro trader.
if not suitable for day trading it would be better to be a long-term holder. the market has shown asset holders to be more profitable. even just need to be patient and not panic. looks simpler and easier to do than day trading. looks like the OP should give it a try.

[Chainsmokers]

I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

your experience is really very long and it is proven that trading on a daily basis especially in the futures market will indeed drain capital,
because indeed it also happened to me after trading on the Binance futures market from $100 to $500 and ended up losing all my capital ran out due to liquidation,
it's a pity isn't it? my advice is better invest in the spot market.

[blue_hurricanger]

Well, obviously if you've been in the market long enough, you know that in the downtrend and bear market, you'll likely be fucked twice as hard. That is why anyone who said they could earn a decent profit any day, any time from the market even when it was full of bears, they are a liar. So being a day trader/day trading at this time means you picked the worst possible route. Most traders don't get it but they were carried by when the market is in bull mode.

[Juicy_D]

Trading is not for everyone. Just like you, you should have now understood that trading is not for you. You can be patient and just hold which would help you than to be trading and continuing losing. But that do not mean that some people are not making profit from trading.

Exactly my thought. If being an investor works for you, stick to it but if trading works for you, go ahead and trade. Just like me, I know trading is not my thing 😅

[palle11]

I didn't say that you can't make money from trading, I said that you can't make money from day trading in the long run, BTW I'm making very good money and I live from trading thank you for your concern

You can make money in any kind of trading that you are into not withstanding the volatility or any thing else. Day trading doesn't require you to go so long to pick all long profit but what you require is to take out profit as you see them. The problem with day traders is they stay longer in and at the end lose all that they acquire on that trade.