Day trading

[Tahsin Kabir Kollol]

Day trading can be truly unpleasant however I don't figure somebody will lose all of his cash by simply doing it except if he is exchanging prospects. On the off chance that you're doing detect exchanging, you don't lose as long as you don't sell your crypto at a lower cost. While you're exchanging fates, you can without much of a stretch lose your capital when an unexpected startling development occurs on the lookout. The higher your influence is, the higher opportunity for your capital will be sold.

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[Silberman]

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.

And if we look a little bit more profoundly into this we will see that the reason they do not want to learn about the markets is because they are not really interested in them, they are interested in making money and nothing more, but they are not really interested in learning the process which will lead to them to get those results, and as you may guess this means that the majority of the people that come here thinking about making a fortune will never realize their dreams, and instead they will lose their money to the few traders which are actually interested in knowing how the markets work.

[gunhell16]

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.

Ireally agree with you. None can only get profits when trading cyrpto. ALthough they are profesional traders, they may also loss sometimes. But we can see whether the trading is profitablero not is by comapring the difference of the loss and profits

Not everyone who does day trading in cryptocurrency loses income, yes we are there that there are times when crypto traders often lose but not to the point where most lose funds. Sometimes those who lose capital due to trading are also due to a lack of knowledge and negligence due to wrong decisions or being greedy and savage with money.

That's why for me the loss is just a part of a trader here in the world of cryptocurrency even when it will never go away, so the only thing that should be done is to be smart and careful in trading here, that's how simple it is to think.

[LUCKMCFLY]

Day trading can be truly unpleasant however I don't figure somebody will lose all of his cash by simply doing it except if he is exchanging prospects. On the off chance that you're doing detect exchanging, you don't lose as long as you don't sell your crypto at a lower cost. While you're exchanging fates, you can without much of a stretch lose your capital when an unexpected startling development occurs on the lookout. The higher your influence is, the higher opportunity for your capital will be sold.

Well, trading in futures is something that can leave us with a great experience, however what I have tried daily is in other markets such as forex, there I see that the signals that I can obtain under my analysis in times of 3-5 minutes are a little more stable that in crypto or in BTC everything can change from one moment to another, however I have noticed that one can manage well with the corresponding lottery so as not to burn the account, that is what I think can be better, now well the people That they take more risks may be something that can give you a quick profit, but the way I see it, I don't recommend it.

[Rengga Jati]

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.

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

[Cryptmuster]

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

I don't think this is just for beginners. Basically I see the majority saying that day trading is too hard and I have yet to see anyone doing it successfully for a long period of time. This requires a lot of concentration and discipline, and any mistake will result in a loss of funds. Even if a person can do day trading successfully, he will not be able to do it for a long time, it takes too much strength. And in the end, long-term trading will bring better results, and you spend less time.

[Ahli38]

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.

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

totally agree with what you said. because it is true that day trading is the highest level of risk taking. then of course for beginners is not recommended. it is better to learn all about technical analysis and fundamental analysis first. as well as various indicators in trading, beginners must first understand if they want to enter day trading.
because in daily trading we must really be able to understand the pattern of market movements. because we are profiting from the movement with a small profit. and it is emotionally and mentally draining. we must be able to analyze quickly and precisely. we also have to know where the right entry point is and after that we must not forget to put a stop loss and takeprofit. and what a lot of beginners do in day trading is that they don't plan for the losses they can afford. so they don't put a stop loss. and after the decline has been a lot then they panic and do a cutloss. even though in daily trading we have to have careful planning. to minimize losses if they occur. because sometimes even though our technical analysis is correct, it turns out that in terms of fundamentals it is different. then it can affect and make our analysis fail. so it is highly recommended to analyze with these two factors.

[CryptoBuds]

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

I don't think this is just for beginners. Basically I see the majority saying that day trading is too hard and I have yet to see anyone doing it successfully for a long period of time. This requires a lot of concentration and discipline, and any mistake will result in a loss of funds. Even if a person can do day trading successfully, he will not be able to do it for a long time, it takes too much strength. And in the end, long-term trading will bring better results, and you spend less time.

OP said he has 20 years of experience trading on both markets so can't say he's a newbie but in the end he couldn't beat the market, all of that will happen to seasoned traders as well. Actually day trading is extremely difficult, we face a lot of pressure at the same time and I also think like you no one will be able to succeed. Today's successful traders may have found the right solution to strike the right balance between day trading and long term trading for good results.

[Casdinyard]

You pay the profit you earn in day trading with either your profits or your life. I've seen people managing to live by relatively well-off from day trading, I've seen ones that greatly abhor it with all their existence. I would say it is a matter of perspective and compatibility. To some day trading is so much better than sitting in front of your office desk at a 9-5 job. To others, well they'd rather sit their asses off 8 hours a day and drive from work than waste away their life analyzing lines and graphs to earn peanuts that will then be taken away from you one way or another.

[mv1986]

You pay the profit you earn in day trading with either your profits or your life. I've seen people managing to live by relatively well-off from day trading, I've seen ones that greatly abhor it with all their existence. I would say it is a matter of perspective and compatibility. To some day trading is so much better than sitting in front of your office desk at a 9-5 job. To others, well they'd rather sit their asses off 8 hours a day and drive from work than waste away their life analyzing lines and graphs to earn peanuts that will then be taken away from you one way or another.

I have rarely seen someone describing the consequences of day trading so on point as you just did. And even if you spend 24 hours analyzing graphs, you are still up against an overwhelming industry of algorithmically controlled trading bots with the highest computing powers available around the globe. You are also up against industries that have access to insider knowledge. You are up against so many things that in the end it all comes down to a coinflip unless there is anything that gives you an edge over others.

[CryptoYar]

I think if the newbies follow the signal groups that are there for trading, then they should take ideas from there.

I don't think such groups provide educational material to their members. Because If their members will be able to trade on their own, no one would pay them... I'm talking about paid groups.

But if you want to trade, you have to accept that you have to go through many problems. Sometimes you will gain and sometimes you will lose.  Accept and trade.

Yes, like every business, it has both profit and loss. If someone is comfortable with profit and does not want to see loss, then trading is not for him. It is better for him to put his money in the bank and earn interest on it.

[Kelvinid]

fact, really.
Day trading really requires good knowledge and calculations, as well as consistency, namely consistency in trading, and managing time and money. And this is not easy, because there will be a lot of pressure when day trading, especially in the Future Market. On the other hand, newbies usually can't stand these pressures, especially if the market turns in the opposite direction, panic will occur.
Especially if, as you said earlier, there are many newbies who are just trying to do day trading, without sufficient knowledge or knowledge, so they will complain about the results. Although they say that they are doing this to gain any experience, in fact, to get the experience, we need to learn first and prepare all things that we need for day-trading.

I don't think this is just for beginners. Basically I see the majority saying that day trading is too hard and I have yet to see anyone doing it successfully for a long period of time. This requires a lot of concentration and discipline, and any mistake will result in a loss of funds. Even if a person can do day trading successfully, he will not be able to do it for a long time, it takes too much strength. And in the end, long-term trading will bring better results, and you spend less time.

Well, trading in general is really hard in the first place. But, people had try and some of them went successfully while others are failing. Generally, trading is not for everyone but, of course, it welcomes all those who want to try. Some had chosen to become a day trader and live it comfortably, maybe they know that they can perform well and profit. It is a matter of choice, whether you are a newbie or an old-timer, and it was too difficult to choose to a place that we know it hard to us as it only leads to losses.  

[joes021]

I think if the newbies follow the signal groups that are there for trading, then they should take ideas from there.

I don't think such groups provide educational material to their members. Because If their members will be able to trade on their own, no one would pay them... I'm talking about paid groups.

But if you want to trade, you have to accept that you have to go through many problems. Sometimes you will gain and sometimes you will lose.  Accept and trade.

Yes, like every business, it has both profit and loss. If someone is comfortable with profit and does not want to see loss, then trading is not for him. It is better for him to put his money in the bank and earn interest on it.

Putting money in the bank is not really good idea. Fiat money loses its value rapidly. Better way is to invest in some assets.

[posi]

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

Trading is not for everyone and not everyone can make money from training.  To earn money from trading, you have to be patient and adopt some techniques which are not possible for everyone.  Like you, there are many people who are making a lot of money from day-trading and there are many people who are losing all their money in day-trading.  So here it is seen that some people are doing the same thing but some are succeeding and some are failing it all depends on individual technique and luck.

I think trading or investing depends on the knowledge and skills of each investor, not on luck. But you are right, trading is not for everyone, it can be said that becoming a successful trader is not easy, not everyone has the patience to sit in front of the computer for hours and put under a lot of pressure to be able to make a profit. Trading can be said to be much more difficult than holding, many investors lose in the market largely due to trading, especially futures trading.

[blockman]

Putting money in the bank is not really good idea. Fiat money loses its value rapidly. Better way is to invest in some assets.

I'm not a bank nor cash defender but there's also some advantage to keeping your cash whether it will be in the bank or through your own vault. Like on these times when inflation really is hitting, the cash value is depreciating but there will be times that you really have to spend some bucks to acquire new assets. And for you to have some assets, you'll be needing cash and one of the most important is to have an emergency fund which will still involve having some cash.

[EarnOnVictor]

Both in Stocks and Crypto trading, nothing is wrong with day trading, some traders are making huge amounts of money through it. It also depends on what you mean by day trading because there are many strategies of day trading, we have scalping, holding the position for minutes, while others might hold their position for hours and even for the rest of the day (about 23 hours). The higher the duration of trading for the day trading, the better and less risky it is. And once your strategy is good enough, you will be winning regularly.

[iv4n]

Both in Stocks and Crypto trading, nothing is wrong with day trading, some traders are making huge amounts of money through it. It also depends on what you mean by day trading because there are many strategies of day trading, we have scalping, holding the position for minutes, while others might hold their position for hours and even for the rest of the day (about 23 hours). The higher the duration of trading for the day trading, the better and less risky it is. And once your strategy is good enough, you will be winning regularly.

I don't think that anyone thinks that there is something wrong with day trading, it's more about how difficult is to day trade and be profitable. Many people are trying many strategies, but the fact is because of bad timing/greediness/wrong information/etc many people are losing money, simply profit they make can't cover losses. What many people don't realize is if you wish to make a profit with trading you need to worm up your chair,  you need to invest time and be active in following your chosen pairs. I guess it can be like a full-time job because the more active you are the higher your chances are of having successful trades. It's not a "get quick fast" scheme, people think they can trade at any time by picking random pairs and it's all! Well, things don't work like that in trading.

[yudi09]

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 will not make us lose money as long as we can play the right strategy. In my opinion, what makes us lose money in daily trading is because we are too pushy.
We have to speculate according to the circumstances. But in day trading it is very close to loss because the market is very volatile.
When the ability to speculate is below average, it is better to avoid day trading.

[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

Day trading will not make us lose money as long as we can play the right strategy. In my opinion, what makes us lose money in daily trading is because we are too pushy.
We have to speculate according to the circumstances. But in day trading it is very close to loss because the market is very volatile.
When the ability to speculate is below average, it is better to avoid day trading.

Every day trade should have a good plan. and they have to stick to that plan. compulsion or greed will not produce what we expect.
Some day traders lose money because they force too much market momentum. they always expect bigger profits. but they won't get it. most do not succeed because they do not stick to the original plan that has been made.

[CryptoYar]

I think if the newbies follow the signal groups that are there for trading, then they should take ideas from there.

I don't think such groups provide educational material to their members. Because If their members will be able to trade on their own, no one would pay them... I'm talking about paid groups.

But if you want to trade, you have to accept that you have to go through many problems. Sometimes you will gain and sometimes you will lose.  Accept and trade.

Yes, like every business, it has both profit and loss. If someone is comfortable with profit and does not want to see loss, then trading is not for him. It is better for him to put his money in the bank and earn interest on it.

Putting money in the bank is not really good idea. Fiat money loses its value rapidly. Better way is to invest in some assets.

Obviously, I agree. But, the majority of people believe that putting money in the bank is a good idea and that they will earn a passive income. In reality, however, the value of their money decreases. So I did not say that keeping money in the bank is a good idea. I was just describing their way of thinking.