Crypto Day Trading

[Zilon]

I don't recommend YouTube or written publications for traders who don't have experience trading. In trading, there must be a physical mentor, especially for the newbies. These mentors stand to guide against greed, help grow patience and ensure there is constant improvement on any strategy chosen. Most videos on YouTube don't give in dept understanding about trading. Learning online can play with one's physiology. It is always better in a physical venue then move to online sources for advancement.  

Leverage trading is mainly for traders who know when to pull out of a trade. Just the same way it yields massive profit, It also wipes out trading accounts in the same speed.

[1715331910]

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[1715331910]

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[1715331910]

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[1715331910]

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[1715331910]

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[usekevin]

Since you are here since 2021,you will have enough trading knowledge. Trading can be learn with the good knowledge into the trading. As the experience traders know,trading knowledge will be learn by practice of trading in day to day. Some people learn the trading from the you tube channel.But only few YouTube channel are trusted one. Because they won't place the high game against the video fron you tube.

[ShowOff]

Since you are here since 2021,you will have enough trading knowledge. Trading can be learn with the good knowledge into the trading. As the experience traders know,trading knowledge will be learn by practice of trading in day to day. Some people learn the trading from the you tube channel.But only few YouTube channel are trusted one. Because they won't place the high game against the video fron you tube.

There are many ways to learn trading and understand how to do analysis, it can be done visually or by reading. I think watching Youtube channel will be easier to learn something about trading than reading, so it's worth a try. In addition, practice if needed to hone their skills. So with have a little capital, it will be good to start.

[Hypnosis00]

Since you are here since 2021,you will have enough trading knowledge. Trading can be learn with the good knowledge into the trading. As the experience traders know,trading knowledge will be learn by practice of trading in day to day. Some people learn the trading from the you tube channel.But only few YouTube channel are trusted one. Because they won't place the high game against the video fron you tube.

There are many ways to learn trading and understand how to do analysis, it can be done visually or by reading. I think watching Youtube channel will be easier to learn something about trading than reading, so it's worth a try. In addition, practice if needed to hone their skills. So with have a little capital, it will be good to start.

That is what I did, online trading information is easier to copy and apply in actual trading. There are a lot of Youtube tutorials available online and very easy to follow but honestly, it was a different situation when you are in actual trade. This will tell us that experience is really a good teacher because what we got from reading books and watching videos are just ideas that we can use but overall, I see decision-making had make it different as you need to decide in every situation.

[lalabotax]

...I've got interested into a crypto day trading back in 2021 September-November. Basically at the end of the 2021. Most likely like the most of the traders I watched some YouTube scalping strategy videos and decided to try it myself. And yes, I burnt my entire account. It wasn't much, only like 50$, but I realized that it's not that easy as it might look like. Of course, I was using high leverage 20-50x. ....

Being a beginner and directly trying this kind of trading, really high risk. Watching videos from YouTube is not as easy as we can. Moreover, they are professionals and if you are still a newbie, you need more learning before starting. And wow, you may use leverage, but about 20-50x is too high moreover for beginners. This is risky enough. I think that you should lower your leverage trading again if you have been learning again from previous experiences. But from the story, I think that you have been ready for the loss and you never mind with the money you can afford. This is also basic enough, moreover your emotions.

If someone wants to chat in private, please add me on Discord: Enj100#2242

Be careful, yo ar eon the radar of scammers right now.

[justdimin]

You are like me ending up burning over $1K but now I decided to stop until I can control my greed and fear because the emotion is number one enemy when it comes to trading.

and when comes to predicting the market it takes time and patient and no need to rush or FOMO or ending up burning more of your money.

Little piece of advice. Trade on spot and using your analytic, or trade dummy using https://testnet.binancefuture.com/en/futures/BTCUSDT until you are confident enough although personally, I'm not recommending the futures one.

What you did there of stopping for a while is a good idea because if you didn't do that then you might be losing more than 1k dollars. Not just in trading but also in investing and gambling, being emotional is the number one enemy. When you are in profit, you will feel greedy and you will continue up to the point that your profits are turning into losses.

Predicting is something that is hard to do no matter what practice you are doing. There will always be times that your prediction will fail but you should accept it as losing is part of this game. Futures trade is risky so if we are a starter we should start with the easier one. It can be spot trading.

[EarnOnVictor]

If there is something you need to avoid in day trading, it is scalping, it does not worth it in the end. The time and energy that it demands are not worth it as traders tend to lose at last. Another consideration is that crypto exchanges charge separately for every order opened and closed, and might not be wise for those with little money and scalp regularly. They might lose more through that while they continue wasting their time on such practice.

I'm not entirely against day trading, but it must be cleverly explored. This is in the sense of making sure that the holding time is in hours, it will be more reasonable and safer like that.

[albon]

If there is something you need to avoid in day trading, it is scalping, it does not worth it in the end. The time and energy that it demands are not worth it as traders tend to lose at last. Another consideration is that crypto exchanges charge separately for every order opened and closed, and might not be wise for those with little money and scalp regularly. They might lose more through that while they continue wasting their time on such practice.

I'm not entirely against day trading, but it must be cleverly explored. This is in the sense of making sure that the holding time is in hours, it will be more reasonable and safer like that.

Day trading can be very profitable, but its profits vary according to the strategy used, so there must be a correct, tried, and accurate strategy. and day traders must understand technical and fundamental analysis, and look at price movement patterns, charts, and other indicators. Before starting a trade, we must set a limit on the amount we will invest and set a risk management strategy, and we must use stop-loss orders. For me, a scalping strategy needs huge capital, but its profits are small like the profits of arbitrage. For me, I prefer smart trading, as it gives me good profits and control over returns, and it helps me greatly to choose the positions I enter and exit from. Frankly, each of us has his own strategy that he prefers, but all of them are not without risks, so we must invest in what we can afford to lose.

[Ahli38]

Since you are here since 2021,you will have enough trading knowledge. Trading can be learn with the good knowledge into the trading. As the experience traders know,trading knowledge will be learn by practice of trading in day to day. Some people learn the trading from the you tube channel.But only few YouTube channel are trusted one. Because they won't place the high game against the video fron you tube.

There are many ways to learn trading and understand how to do analysis, it can be done visually or by reading. I think watching Youtube channel will be easier to learn something about trading than reading, so it's worth a try. In addition, practice if needed to hone their skills. So with have a little capital, it will be good to start.

correctly. there are many ways to learn how to trade in order to become more proficient. Whether it's from YouTube or through reading, everything is good. But it's even better if it's done in a hands-on way. because direct practice will give us genuine knowledge called experience. even flying hours (experience) also determines whether someone can become proficient or not.

because if we talk about learning all the analytical techniques, it is indeed easy if we seriously study them. But the important point for becoming proficient in trading is actually not only mastering the technical knowledge. because sometimes we have analyzed correctly. and make planning take profit and stop loss correctly. but people who are inexperienced especially in controlling emotions in trading always end up losing. not because of the wrong planning and analysis. but because it is caused by the inability of that person to control his emotions in trading. and it is these emotions that are the most difficult to master. To master it requires quite a long experience.

[Cryptmuster]

Day trading can be very profitable, but its profits vary according to the strategy used, so there must be a correct, tried, and accurate strategy. and day traders must understand technical and fundamental analysis, and look at price movement patterns, charts, and other indicators. Before starting a trade, we must set a limit on the amount we will invest and set a risk management strategy, and we must use stop-loss orders. For me, a scalping strategy needs huge capital, but its profits are small like the profits of arbitrage. For me, I prefer smart trading, as it gives me good profits and control over returns, and it helps me greatly to choose the positions I enter and exit from. Frankly, each of us has his own strategy that he prefers, but all of them are not without risks, so we must invest in what we can afford to lose.

Unfortunately, everything is not as simple as you described, day trading is a very tedious job, a strategy is needed, but there is no one strategy that will always work. The market is unpredictable and it is on day trading we will find the most surprises, it is also on day trading you can lose a lot of money using stop losses. Day trading is too complicated, that's why I pay more attention to medium-term trading.