Day trading

[Kopetunto]

To do daily trading, one way is if with small capital only through futures trading,
but it must also have good risk management, because we know that the futures market is far more terrible than the spot market.
and if you have a large capital, then my advice is to play in the spot market is very good, you can trade on the spot market binance,
because there are so many choices of altcoins and of course the large volume makes trading more fun.

[BobK71]

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

Bearishness has been going on for a long time in the cryptomarket at the moment. During this time it is very difficult to make profit by day trading. Where the market is passing through a downtrend. But those who are willing to take the risk this time are doing well. In particular, It is better if you sell your assets by making small profit. Because day trading is riskier than other platforms.

[Zanab247]

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 guess, traders are still making money from day trading in this bear market that is making long term traders not to sell than to hold till the bull market rollover. But at the level I am now, I don't think I will engage myself in day trading because the profits you will earn at the end of the market is not encouraging compare the massive profits you will earn from your long trading, if you can exercise patience with the market price.

[Xampeuu]

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 seen from experience means that you are an experienced trader because you have spent a lot of time on the market. but in my opinion there are 3 factors that influence a person's success in trading, namely 70% psychology, 20% money management, 10% technical analysis. after that we can ask ourselves whether there is a mistake in us to master these three things, I think there is no difficulty for technical analysis considering the length of time dealing with the market. Short-term trading has the advantage that we can take advantage of opportunities repeatedly in a day, so it is possible to get profits repeatedly, but it does require high skills

[ethereumhunter]

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 guess it depends on your interest in learning to trade so you can find your way in trading. If you can learn to trade and continue to practice the lessons while trying to find the right way, I think you can benefit.

In addition, if you are still in the learning stage, you should be able to control the amount of money you use to trade so that it will not cause you to lose all your money. Trading is difficult but it depends on how we manage it.

[Smitty Werben Man Jensen]

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 seen from experience means you are an experienced trader. but I think there are many things that affect the success of day trading, and by looking at the length of time I study I think there is something that is not good in the psychological arrangement of your trading, considering that many people are actually successful in day trading, for technical analysis I think you have mastered

Managing psychology is also an important thing in trading and sometimes some people don't really care about it,
to trade daily is not something easy because it requires a lot of things,
maybe you can try to adjust the psychology of trading

[Hamza2424]

Day trading is a bit riaky i think but if you are going with the spot for this time that can be non risky but still you need to understand that for now market is like Confused 😕 so this is how market moves and for 1 day i am sure you are not able to make good profit except for good luck ahhh Future Trade is another thing but its Highly Non Recommend.

[Minecache]

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

Day trading can be really stressful but I don't think someone will lose all of his money just by doing it unless he is trading in futures. If you're doing spot trading, you don't lose as long as you don't sell your crypto at a lower price. When you're trading in futures, you can easily lose your capital when a sudden unexpected movement happens in the market. The higher your leverage is, the higher chance your capital will be liquidated.

It's day trading so there's always a stop loss so even spot trade can make you lose or even lose all your money. We are trading, not holding, so not placing a stop loss will leave us with a very long capital captivity, which is something many traders don't want. Day trading is really stressful and stressful in addition to having to sit for hours at a computer, you are also under pressure to make a profit every day, that will sometimes make you too stressed and easy to make wrong decisions.

[Hypnosis00]

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

You can't assume that everyone who has been trading will have the same strategies and decisions.
In fact, it was a choice whether you embrace day trading or not, but it doesn't mean that if you will not doing Day trading you will lose( if that is what I understand).

For 25 years in trading, I could say you are an expert in this and maybe you are rich already assuming that you are in Day trading and earn a profit every day. If that is so, then you will tell us that spot trading and any form of trading aside from Day trading are useless?

[Rockstarguy]

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

You have much experience in trading and day trading favour all this while,  that doesn't mean day trading will still be same experience like yours. Their may be reasons why day trading didn't favour you.

Trading can't be for everybody because some persons may be doing the right thing when it comes to trading. Trading has its rules and if this rules can be followed their wont be much difficulties. Factors that affect day trading is too much greed, no knowledge and discipline.

[jrrsparkles]

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

Day trading may not be suitable for everyone and also it is not possible to be consistent in the day trading still it can be profitable when someone uses the stop loss feature and understand the market movements with the technical indicators.

If you are going to try day trading then there are some points has to be kept in mind like don't invest all your crypto capital for day trading just 10 to 30% of your total capital into the day trading and also keep the margin low as much as possible like 2% maximum and lesser trades so the frustration can be reduced a lot.

But at some point if you realize that you are losing more than your are making then just stop day trading and move to long term or just HODL.

[Beparanf]

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

This looks not a serious advice by person with 20 years experience on stocks trading since traders on stock frequently do day trading for a living. Besides a real pro traders sets there profit and stop loss in every trade that they made daily so it's impossible for them to everything for just doing it. An experienced trader will always be disciplined and follow his trading rule book on all his trades.

I’m not suggesting day trading is good but it's not bad either if you knew how to properly execute it.

[rendravolt]

Day trading is a bit riaky i think but if you are going with the spot for this time that can be non risky but still you need to understand that for now market is like Confused 😕 so this is how market moves and for 1 day i am sure you are not able to make good profit except for good luck ahhh Future Trade is another thing but its Highly Non Recommend.

There are no proper words to describe this situation. If we do spot trading, it may be safe but also at risk of surviving long enough to withstand losses if the market does not improve. While futures trading is very promising but if you do not understand technical analysts it can be a boomerang that is detrimental to you.

[danherbias07]

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

Didn't you consider that it's just not for you? Because for some it works out just fine.
It's not impossible, it can be done. You had the experience you say, I bet you did it too and there are some moments of making profits too.
We have different approaches when it comes to trading.
For me though, it's the large capital needed to feel the profit. This ain't a recommended strategy for starters.

[Bhig Daddy]

That is why the majority of traders lose money, especially day traders. Each day's market conditions will be unique, and unanticipated rumors like a crypto ban or that the most well-known exchange has been compromised, among other things, will cause a brief crash in the market. Cut losses are your only option since if you do them too frequently, you won't make additional money.
However, I don't believe trading for more than a few days or a week will be more profitable than simply holding Bitcoin by itself.

[maydna]

Without having good analytical skills, you will not be able to make daily trades because market movements or volatility will continue to change and will not be the same. Maybe you can follow the market, but perhaps you will have difficulty making a profit. But if you have that ability, you can make day trades and earn profits. This will be a challenge for those who want to do day trading because the market constantly changes and requires them always to learn to analyze.

[TheUltraElite]

Day trading is not everyone's cup or tea. Those who have been a pro at day trading will continue to be so, personally I never feel comfortable with it and hence I stick to mid/long term trading which is a slow drawn process but profitable.

To many people day trading does not work out, and there is nothing bad to it, just that if it is not working, then you should be ready to stop doing it. Trying to get back on your losses makes the entire process nothing different from gambling.

I hope the OP made the proper move and took to what they found as profitable. It is not always good to follow what a pro person tells you, rather listen to what your heart says about the same and assess yourself how much good you are at it.

[Rana590]

That is why the majority of traders lose money, especially day traders. Each day's market conditions will be unique, and unanticipated rumors like a crypto ban or that the most well-known exchange has been compromised, among other things, will cause a brief crash in the market. Cut losses are your only option since if you do them too frequently, you won't make additional money.
However, I don't believe trading for more than a few days or a week will be more profitable than simply holding Bitcoin by itself.

Profit or loss is the part of trading and no one can get profit only. Day trading is a good way to generate profit but we should not expert profit every single day. Besides, we should not expect more than 20% profit from a single trade. Holding Bitcoin and day trading both are different to earn profit.

[Sebas.tian]

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, carry out your personal analysis will really help you to avoid losses in your crypto trading either day trading or long term trading, because there are some coins that are not favourable to invest in this bearish season, but if you invest on them you will not have something good to make at the end of the trade. For you to be part of those that will smile in the future, you have to make a right choice by investing on Bitcoin and Ethereum in this bearish season so that you will not experience failure in your income. I think, many traders are still making money from crypto day trading because they always apply their own analysis to ensure they achieve income at the end.

[Ahli38]

I am a day trader. and I'm fine. even I can still benefit from my day trading. although there are sometimes 1 day where I experience a loss. but that can be minimized by already setting up a stop loss with calculated losses. but day trading is not something that can be taught to everyone. because it requires patience and careful observation. and indeed not everyone can be a day trader. because believe me daily trading is more emotionally and mentally draining you. and people who lose in controlling their emotions and mentality will lose. and most day traders lose more because they don't know when to enter and when to exit. because we cannot enter the market every time. but beginners always want to enter the market whenever they want when opening the market. and this type of person will usually experience more losses in their daily trading.

So investing for the medium and long term then it's better for those who can't keep their mentality and really want to keep their emotions stable. such as using the DCA method.