Day trading

[Ararbermas]

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 agree, especially when it comes trading crypto because of beings so volatile wherein you will end up losses in just mistakes and even you have good strategies still useless.. Because tbh I've been practicing my strategies for years and i believe it's accurate all good so i wonder why on live day trading it always didn't go well. Lol so now i choose long maybe it will work..  

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[Ziskinberg]

I strongly advise against seeking someone that has the expertise and knowledge on day trading crypto. Because the crypto market is very volatile and unpredictable, I think you are better off learning how to tell when the crypto market is in a bullish trend and just basically buy Bitcoin and HODL.

And also learn when is a bearish market to determine when is a good price to purchase crypto at the lowest price per coin.

It is a smart idea to start learning crypto now and stop relying on others because, during difficult times, they'll never help you. I know that these experts really exist but just like us, they also lose and make wrong decisions. Day trading in not just about earning a profit but losses are a part of it. But the good thing is that our bad experiences teach us to become strong and even more careful for the next round. Quitting is not the best option but rather make ourselves to deal the situation and accept it.

[bitzizzix]

I strongly advise against seeking someone that has the expertise and knowledge on day trading crypto. Because the crypto market is very volatile and unpredictable, I think you are better off learning how to tell when the crypto market is in a bullish trend and just basically buy Bitcoin and HODL.

And also learn when is a bearish market to determine when is a good price to purchase crypto at the lowest price per coin.

It is a smart idea to start learning crypto now and stop relying on others because, during difficult times, they'll never help you. I know that these experts really exist but just like us, they also lose and make wrong decisions. Day trading in not just about earning a profit but losses are a part of it. But the good thing is that our bad experiences teach us to become strong and even more careful for the next round. Quitting is not the best option but rather make ourselves to deal the situation and accept it.

Even though there are true and profitable experts, I don't think it will be easy for them to tell and teach them because I believe these experts will not fully teach them as they are also struggling to find ways to be profitable. And to be honest, I don't really trust the experts if we look at the current market situation.
and now is not the right time to make money trading. Especially in day trading, in my opinion the possibility of getting a profit is very small and even then it is done with full time and high skills and also depends on how much capital is traded.
and the best way now is to buy when the price is low or do DCA when the trend is down, and all for the long term.

[Altryist]

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.

If the knowledge is not enough to engage in trading, then you should not even start, because it will always end in a loss of money. If you listen to someone's advice, or use some kind of forecast, it will lead to the same result. Therefore, if you still want to trade, then you need to completely rely only on yourself. It will be difficult at first, but only in this way will you be able to understand this matter thoroughly and determine working strategies for yourself.

[Silberman]

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.

If the knowledge is not enough to engage in trading, then you should not even start, because it will always end in a loss of money. If you listen to someone's advice, or use some kind of forecast, it will lead to the same result. Therefore, if you still want to trade, then you need to completely rely only on yourself. It will be difficult at first, but only in this way will you be able to understand this matter thoroughly and determine working strategies for yourself.

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

[Yamifoud]

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.

If the knowledge is not enough to engage in trading, then you should not even start, because it will always end in a loss of money. If you listen to someone's advice, or use some kind of forecast, it will lead to the same result. Therefore, if you still want to trade, then you need to completely rely only on yourself. It will be difficult at first, but only in this way will you be able to understand this matter thoroughly and determine working strategies for yourself.

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Realization comes after a bad experience like losing their capital for being greedy and incapable. That is why I let these newbies believe what they think about trading, doing shortcuts, and joining signal groups...because in this way they will see the difference between having full knowledge in trading versus when we are jumping on trading with empty knowledge just because someone pretending to help them. Could be unfortunate but still, a lot of newbies are doing this.

[Ahli38]

as long as we can be disciplined in managing our trades then even day trading can still generate profits and keep losses minimal. the important thing is that we have made a target percentage in profit and loss. so with that we have locked the stoploss target and takeprofit target. and we must obey and be disciplined with the plans/management that have been made. I see many people lose a lot from day trading is because they are wrong in implementing the trading strategy. maybe they are used to long and medium term trading and they apply that strategy instead in day trading. then it is very clear that it will only bring losses and even confuse the trader's mentality. Each type of trade has a different type of strategy. so we need to know exactly what kind of trade we are going to do. such a DCA strategy would be well suited for the long and medium term. but the DCA Strategy is not very suitable to be used as a strategy in day trading. because in daily trading we don't care about bullish and bearish conditions. because we trade quickly and maximum have to enter and exit in one day. so this is where we need to set what percentage of profits to be obtained and what percentage of losses that can be borne. and a person who is used to long term investing will be a newbie again if he starts out as a day trader. because they will be very unfamiliar with the fast movements that have to be taken advantage of. because day trading is the most emotionally and mentally draining trade.

[ajiz138]

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.

professional traders, expert traders that will not be a guarantee that you will not get a loss, especially when the bearish season comes. but the difference is only in the losses that are obtained if a professional trader the losses that can be obtained will not exceed the specified limit. but a beginner sometimes the losses they get exceed the limit of almost 90%.
and in terms of profit, it is also different because professional traders use detailed analysis and novice traders use analysis as best they can without detailed knowledge.
but it's all down to luck

Basically, skills must be needed in daily trading not only for a professional but they can prevent a very large risk because they have set management in trading and of course a beginner and a professional will be different in acting so this will not be the same even though following some suggestions and the material he was given.
I think trading is not just luck, but they analyze with very precise timing, meaning that every time you enter or sell you will know the time that has been set, even though only a few percent are made in that profit, so skills are very important for professionals and beginners.

[lienfaye]

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

Well, it depends because some day traders are able to earn decent amount when they trade. If you're knowledgeable of what you're doing, has experience, can come up with an effective strategy and able to take advantage the market regardless of its situation then trying to be a day trader can be suited for you because you'll never know unless you try. There's no limit if you really want to learn hence if this kind of trading didn't work for you, it doesnt mean it will not work for other traders too because it depends on our skills.

[sana54210]

as long as we can be disciplined in managing our trades then even day trading can still generate profits and keep losses minimal. the important thing is that we have made a target percentage in profit and loss. so with that we have locked the stoploss target and takeprofit target. and we must obey and be disciplined with the plans/management that have been made. I see many people lose a lot from day trading is because they are wrong in implementing the trading strategy. maybe they are used to long and medium term trading and they apply that strategy instead in day trading. then it is very clear that it will only bring losses and even confuse the trader's mentality. Each type of trade has a different type of strategy. so we need to know exactly what kind of trade we are going to do. such a DCA strategy would be well suited for the long and medium term.

Not getting out of your system and method is a hard thing for newbies, not so much for veterans. There are too many people who see how you should become an investor and can get rich, and instead of following this route, they end up with doing even worse, because they end up changing their method right in the middle when things are going bad.

Most common example is, there are some people who saw it go from 68k to 40k, and bought bitcoin because it dropped, then it dropped another 50% on top of that, and they sold, that’s a mistake. You should have bought more, and waited long term to make a profit, this is known and if you changed your mind, you made a mistake.

[Mpamaegbu]

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 can agree to the "losing all your money" part but I will quickly add that it's not only in day trading that happens. It can also happen when you hodl or trade long term. What is key in trading is the skills (I keep going back to this). If one gets the skill set right for trading, it doesn't matter anymore whether one would be trading on daily or swinging.

[_BlackStar]

I can agree to the "losing all your money" part but I will quickly add that it's not only in day trading that happens. It can also happen when you hodl or trade long term.

Agree on that, but I guess the OP seems to emphasize greed for day trading. Many people can make profits on day trading, while others also lose money. Nothing is always profitable, but if it's about losing all the money in the long term then I think something is wrong with the strategy.

What is key in trading is the skills (I keep going back to this).

Of course, skill and strategy will affect the outcome. Indeed, no one can always make a profit, but at least with skills and strategies they will not trade blindly without analysis.

[Altryist]

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Trading is difficult, and not only for beginners, as even experienced traders can lose money. But without mistakes, you won’t be able to gain experience, so beginners should go this way. The main idea here is to first learn trading in theory in order to understand the basic principles and only then start trading. This should save a lot of time and money, which will not be lost if a beginner starts trading right away without any knowledge of it.

[Silberman]

Even trading professionals fail and have losses in trading. The volatility of the market is unpredictable and not all analysis is accurate. We can't always rely on professionals because no one could predict the prices accurately with consistently. Applying the basics during confusion would be better than seeking for expert's opinion, especially during this bearish season.

If the knowledge is not enough to engage in trading, then you should not even start, because it will always end in a loss of money. If you listen to someone's advice, or use some kind of forecast, it will lead to the same result. Therefore, if you still want to trade, then you need to completely rely only on yourself. It will be difficult at first, but only in this way will you be able to understand this matter thoroughly and determine working strategies for yourself.

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Realization comes after a bad experience like losing their capital for being greedy and incapable. That is why I let these newbies believe what they think about trading, doing shortcuts, and joining signal groups...because in this way they will see the difference between having full knowledge in trading versus when we are jumping on trading with empty knowledge just because someone pretending to help them. Could be unfortunate but still, a lot of newbies are doing this.

Without a doubt a great deal of newbies will not learn any other way than to experiment those losses on their own, however while such a strategy is fine to be implemented when it comes to almost another topic at the same time such a strategy is incredibly costly in this market, which allow us to explain why so many newbies lose all their capital and they finally understand they need to study the markets to get some profits but by the time they make this realization their losses are massive already.

[ethereumhunter]

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Trading is difficult, and not only for beginners, as even experienced traders can lose money. But without mistakes, you won’t be able to gain experience, so beginners should go this way. The main idea here is to first learn trading in theory in order to understand the basic principles and only then start trading. This should save a lot of time and money, which will not be lost if a beginner starts trading right away without any knowledge of it.

Agree with both of you. Trading is indeed difficult but it will depend on how we can overcome that difficulty and can turn the situation around to profit from trading. Only by learning can we earn profits and reduce the chances of losing money in trading. So before you start trading, it would be better to understand how to learn and start learning to trade to gain experience because having more experience and learning more can give us the ability to analyze. And if we already have sufficient ability to analyze, we can try to trade daily.

[awik p]

day trading in cryptocurrencies belongs to the aggressive category. and of course there will be a greater risk. Do you understand that in daily trading, psychology is actually the most influential in determining trading success. that's why no matter how long we study but if we can't control ourselves, it will be difficult to survive in the market, and of course maybe you are more suitable for long-term investments, and all of that comes back to each person's trading style

[jaberwock]

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Trading is difficult, and not only for beginners, as even experienced traders can lose money. But without mistakes, you won’t be able to gain experience, so beginners should go this way. The main idea here is to first learn trading in theory in order to understand the basic principles and only then start trading. This should save a lot of time and money, which will not be lost if a beginner starts trading right away without any knowledge of it.

It’s just a big wild west out there in the trading world, which means that if you are a great gunslinger then you are going to end up with a lot of profit, but even you could get shot in an unlucky situation, so there is never a guarantee.

Day trading is very difficult, it is one of the hardest things to do, and if you really want to do it, then you should be able to actually form a good point to not care about the losses, learn from them, and move on. Because if you ignore them, you will continue to lose, if you are stuck on them and cannot continue, you can't recover. But if you learn from them and move on, you won't make the same mistakes, and you will get better.

[tbterryboy]

How can they lose money if they don't want to do it? You better clear out what you are trying to say but I bet it goes like this> people don't want to do day trading again once they lose their money? Well that is true for some especially if the money that they lose are too huge but there are some that will try again but before they do, they will first seek for new strategies. Your statistics are nice.

I can see that you are doing trades for a long time now but maybe you can share more precise tips next time? Because, the one that you have here today are not really that helpful but it only look like you are discouraging someone to not do day trading.

[Bhig Daddy]

I believe not every trader has the same experience as you. I came across some friends who were profitable day traders. there might be a problem with the method or analysis you're using. You don't spend a lot of time in the market. You should have adequate experience after that.
I advise you to temporarily exit the market if you have overspent your resources. attempting to identify the source of your trade's problems.

[borovichok]

Newbies are always trying to find shortcuts believing they will find a way to earn money without acquiring any knowledge about the markets, and they could not be more wrong about this, there are no shortcuts, trading is a very difficult subject and if they are not willing to learn then they need to say away from it, but they refuse to do so because of their greed, and that is when disaster strikes them, since it does not matter what they may try it is almost impossible to earn any money when they are completely ignorant about how the markets really work.

Newbies should build strong foundation if they wants to be experts in day to day trading because it requires time and consistency. The thing is that they're not ready to learn before they will start earning. There's is this quote in crypto which says one must learn before one will earn. It can take up to two months before going fully into crypto because by then one must have had a clear view of the space and knowing the key basics of crypto. But instead, they refused learning and just jumped into doing DAO or trade and mostly becoming victims of scammed projects. Ignorance is also among the key factor making newbies lose interest in learning aspect of crypto and how the market operates.