How to make a life by Day Trading

[Hamza2424]

Well, 200$ is good enough to start trading, I even start at $100 before and gradually increase it.
Well, talking about earning daily from that amount is not impossible but it was hard. Maybe if you have $500 and above, definitely the chances are big. However, earning every day from trading is not just solely because we have huge capital but also, because it depends on how we manage our trades every day - strategies and decision-making. These are big factors that contribute to the results of our trades because it was still impossible to earn daily if we are ineffective.

Hmm, it's possible with the 200$ to make up for the 50$ at least because as OP is going for the leverage just take more risk using more leverage. But it's not recommended at all and I don't even recommend the Leverage trades, Just go for the spot. Besides recommending I use to say that you should not trade on leverage try to focus on the spot market trades, make small and consistent profits and gradually increase your capital investment.

That is much better than the leverage trade, more safe, and recomended.

[kaimoure]

Well, 200$ is good enough to start trading, I even start at $100 before and gradually increase it.
Well, talking about earning daily from that amount is not impossible but it was hard. Maybe if you have $500 and above, definitely the chances are big. However, earning every day from trading is not just solely because we have huge capital but also, because it depends on how we manage our trades every day - strategies and decision-making. These are big factors that contribute to the results of our trades because it was still impossible to earn daily if we are ineffective.

Hmm, it's possible with the 200$ to make up for the 50$ at least because as OP is going for the leverage just take more risk using more leverage. But it's not recommended at all and I don't even recommend the Leverage trades, Just go for the spot. Besides recommending I use to say that you should not trade on leverage try to focus on the spot market trades, make small and consistent profits and gradually increase your capital investment.

That is much better than the leverage trade, more safe, and recomended.

Trading with leverage gives you opportunity to make you gains larger but you need a high risk appetite to do it since it's very risky for people who don't have enough knowledge and experience in futures trading. I started with spot trading also and I do recommend it for those people who don't want to spend time staring the chart on their screen. You can make a profit also in spot trading if you buy before bull run just like this year we are on a bearish market so investing on some reputable coins will make you money 2-3 years from now once the bull market come again.

[awik p]

Well, 200$ is good enough to start trading, I even start at $100 before and gradually increase it.
Well, talking about earning daily from that amount is not impossible but it was hard. Maybe if you have $500 and above, definitely the chances are big. However, earning every day from trading is not just solely because we have huge capital but also, because it depends on how we manage our trades every day - strategies and decision-making. These are big factors that contribute to the results of our trades because it was still impossible to earn daily if we are ineffective.

Hmm, it's possible with the 200$ to make up for the 50$ at least because as OP is going for the leverage just take more risk using more leverage. But it's not recommended at all and I don't even recommend the Leverage trades, Just go for the spot. Besides recommending I use to say that you should not trade on leverage try to focus on the spot market trades, make small and consistent profits and gradually increase your capital investment.

That is much better than the leverage trade, more safe, and recomended.

Leverage trading will be more risky when using greater leverage, requiring a lot of calculations and analysis for that, if we are not wise in choosing the lot used, it will be closer to experiencing a margin call, what often happens is emotional indulgence, so using uncontrolled lots, this is what often happens when trading, even many traders still make the same mistake, it would be safer to use spot trading

[tvplus006]

Leverage trading will be more risky when using greater leverage, requiring a lot of calculations and analysis for that, if we are not wise in choosing the lot used, it will be closer to experiencing a margin call, what often happens is emotional indulgence, so using uncontrolled lots, this is what often happens when trading, even many traders still make the same mistake, it would be safer to use spot trading

If a trader does not adhere to the risk management system when trading with leverage, then sooner or later his position will be liquidated. But even using such a simple tool as a stop loss will help to avoid liquidation and significantly reduce the risks when trading.

[shivansps]

Well, 200$ is good enough to start trading, I even start at $100 before and gradually increase it.
Well, talking about earning daily from that amount is not impossible but it was hard. Maybe if you have $500 and above, definitely the chances are big. However, earning every day from trading is not just solely because we have huge capital but also, because it depends on how we manage our trades every day - strategies and decision-making. These are big factors that contribute to the results of our trades because it was still impossible to earn daily if we are ineffective.

Hmm, it's possible with the 200$ to make up for the 50$ at least because as OP is going for the leverage just take more risk using more leverage. But it's not recommended at all and I don't even recommend the Leverage trades, Just go for the spot. Besides recommending I use to say that you should not trade on leverage try to focus on the spot market trades, make small and consistent profits and gradually increase your capital investment.

That is much better than the leverage trade, more safe, and recomended.

It is so indeed. Trades with credit leverage require a lot of experience and understanding of what is happening. Even having vast experience and being a strong trader, you can get big problems using leverage.
Using spot you will not earn as much as you can with leverage, it will be less but possibly more stable and in trades in which you lose money, the losses will not be as large as with leverage. Spot is more secure

[Pandu Geddon]

It is so indeed. Trades with credit leverage require a lot of experience and understanding of what is happening. Even having vast experience and being a strong trader, you can get big problems using leverage.
Using spot you will not earn as much as you can with leverage, it will be less but possibly more stable and in trades in which you lose money, the losses will not be as large as with leverage. Spot is more secure

trading with leverage I believe is done by experienced traders. they know the risks are bigger than spot trading. but surely for now there are more day traders who do trade with leverage.
even today, those who are just learning to trade are attracted by higher risk trades than spot trading. however nowadays we can see how the interest is increasing from the public regarding crypto trading, be it spot or leveraged. if you teach trading to anyone, first explain the risks involved. not an easy way to get his profit.

[Patrol69]

It is not right to try to achieve anything overnight, we can never change our position if we want to change our position in a very short period of time. To change one's position one must have enough respect, devotion and respect towards one's work along with a lot of patience only then one can reach the desired goal. If trading can be done by understanding the market in terms of changing one's position, then surely it is possible to earn something good from trading which will help to make the future beautiful. 

Day trading can definitely be the best choice for a trader if that person understands the market by following certain rules and having enough knowledge about the market and then engages in trading.

In case of day trading you forget that you will get profit every day, in case of day trading if you gain one day you have to lose another day but you have to accept these things. If trading can be done by accepting these things then surely something good can be gained from trading.

[GeorgeJohn]

Your views in learning trading is good but it's obvious that nobody can learn trading perfectly but during the process of trading you have take observation and follow the procedure and ensure that the precautions has already been taken, but make profit in your trading you have to learn and understand the movement of chart..one of the things that make some of us to not profit in trading is inability of understanding the movement of candle sticks, so therefore understanding the graph chart is what will determine your profit in trading and also your lose.

[tjtonmoy]

Trading has many risks and it is not for everyone. Day trading on the other hand is quite difficult. It is not as easy as long-term trading. You will have to learn it from the ground up to the top. And with that knowledge, you will have to gain experience too. If you don't try it out on the field, you can't get familiar with it. And if you don't do it by yourself, you can never become good at it.

I don't think everyone can afford to invest $200 in trading. If you are coming from a 3rd world country like me, then that's a good amount of money. I don't think everyone can afford to lose that much. I am saying this because you said that it's a learning process. If we are learning, we can use much less than this. That will be a good idea. When you lose that much amount at your first trades, you will lose hope. So make that less and learn to lose first with small amounts. That way in the future, big losses won't affect us emotionally. Other things I can agree on.

[HONDACD125]

In case of day trading you forget that you will get profit every day, in case of day trading if you gain one day you have to lose another day but you have to accept these things. If trading can be done by accepting these things then surely something good can be gained from trading.

In any business, if a profit can be made, there is also a risk of loss. It depends on our skill, experience and knowledge how much we can reduce our risk of loss, and how much we can improve our profit rate. Even in day trading, it is not necessary that all our trades give us profit. Our trades may be wrong and losses may occur, but we need to improve our profit ratio through our experience and analysis. All the tools used in day trading and information about chart volatility can help us improve our trading. Day trading is definitely difficult but if we try to learn with interest and hard work we can get good result.

[Bushdark]

Your views in learning trading is good but it's obvious that nobody can learn trading perfectly but during the process of trading you have take observation and follow the procedure and ensure that the precautions has already been taken, but make profit in your trading you have to learn and understand the movement of chart..one of the things that make some of us to not profit in trading is inability of understanding the movement of candle sticks, so therefore understanding the graph chart is what will determine your profit in trading and also your lose.

Trading is very complex and not the way we are seeing it. There are people that had lost so much in trading and the reason is not that they don't know how to trade but I think it is mostly based on luck and how we position ourselves when we trade.

 There are people that are even making more money in trading than there sponsor or tutor. This is a game of challenge and playing along utilizing what we have learnt so far. I see trading as a thing that even need more concentration that we need to do unless now that programmers keep developing bots that can trade like humans although this kind of trading has some limitations which is not 100% correct.

[Rengga Jati]

Theoretically, this is quite doable. But in reality, this is really risky, and not everyone can do it. It cannot be denied that the profits from day trades can indeed be considered quite profitable if we really understand a number of things related to daily trading. At least we understand the knowledge and its application, including some of the management that influence trading. However, this is not guaranteed, because day trades carry a higher level of pressure and risk.

Not only that, our intensity to analyze the market and also monitor market movements will also increase and must be done frequently just in case the market suddenly changes direction. So that we can immediately move quickly to implement new strategies at times of urgency. You could say that day trades make us busier. So precisely, high turns will always require high risks and efforts. For example, can you ask? Yes, of course you can, but in accordance with the efforts expended as well.

[taufik123]

Trading is very complex and not the way we are seeing it. There are people that had lost so much in trading and the reason is not that they don't know how to trade but I think it is mostly based on luck and how we position ourselves when we trade.
-snip-

Not always based on luck, maybe luck is only a few percent, but the most influential is the psychology of trading.
Novice or professional traders both have constraints on trading psychology, they will be affected by unstable psychology.

Psychological control is not easy, it takes good flight hours and strong self-control.
I myself have also been trapped in a condition where my psychology is in turmoil when all strategies do not go according to plan and losses hit quite a lot.

This usually happens to day traders, but for long-term investors, it will only affect the decision of when to enter and when to exit so that they can profit according to the initial strategy.

[kaimoure]

Not always based on luck, maybe luck is only a few percent, but the most influential is the psychology of trading.
Novice or professional traders both have constraints on trading psychology, they will be affected by unstable psychology.

Psychological control is not easy, it takes good flight hours and strong self-control.
I myself have also been trapped in a condition where my psychology is in turmoil when all strategies do not go according to plan and losses hit quite a lot.

This usually happens to day traders, but for long-term investors, it will only affect the decision of when to enter and when to exit so that they can profit according to the initial strategy.

I relate to this. I remember before when I'm in a situation that waiting for the price to drop below the resistance and I buy short then suddenly the price goes up and didn't put any stop loss since I'm confident that I'm going to make a lot of money overtime it's really hits me hard. That's why today I usually do some strategies and analysis with my friends so we can talk about what we think we must do. It's really helpful for someone who always hesitate on own decision.

[gunhell16]

This reminders that you had made here was absolutely good dude, but you didn't give a warning to everyone who will enter the crypto trading or day trading is not an easy things here
Especially in doing leveraging or day trading, because as far as I know doing day trade is most of the time are the scalpers and have a deep knowledge in trading skills or reading tools as well.

While in leveraging too is also has a high risk if anyone don't have a lot of idea on this matter here in this industry. Or you just forgot to remind those who will get interest to do trade here in the crypto space?

[Litzki1990]

There is no substitute for learning to make a profit by trading. Every moment a trader has to learn about trading. A trader needs to understand the trading charts well, observe the candlesticks, observe the movement of the market according to time, and when a trader can do all these things well, his chances of profiting from trading are very high. I am not saying that he will never get hurt if he has enough knowledge about trading, no matter how much a trader learns he can never be sure that he will get confirmation by trading. A good understanding of the market will only lead to good things. We should learn enough about trading and never depend on luck because depending on luck will never be good for your money.

[xSkylarx]

Not always based on luck, maybe luck is only a few percent, but the most influential is the psychology of trading.
Novice or professional traders both have constraints on trading psychology, they will be affected by unstable psychology.

Psychological control is not easy, it takes good flight hours and strong self-control.
I myself have also been trapped in a condition where my psychology is in turmoil when all strategies do not go according to plan and losses hit quite a lot.

This usually happens to day traders, but for long-term investors, it will only affect the decision of when to enter and when to exit so that they can profit according to the initial strategy.

I relate to this. I remember before when I'm in a situation that waiting for the price to drop below the resistance and I buy short then suddenly the price goes up and didn't put any stop loss since I'm confident that I'm going to make a lot of money overtime it's really hits me hard. That's why today I usually do some strategies and analysis with my friends so we can talk about what we think we must do. It's really helpful for someone who always hesitate on own decision.

You must not see the bigger picture of the chart. For sure, it broke the resistance, but again, we learn from our mistakes, and if you don't want it to happen to you, then for sure you'll need to put a stop loss on it. Every trader has already had this happen to them in their whole career as a trader, for sure, but what's best about it is that it taught you a lesson. Instead of feeling sorry and regretting it, change your mindset and make it a positive thought because you'll learn a lesson from it.

[uswa56]

There is no substitute for learning to make a profit by trading. Every moment a trader has to learn about trading. A trader needs to understand the trading charts well, observe the candlesticks, observe the movement of the market according to time, and when a trader can do all these things well, his chances of profiting from trading are very high. I am not saying that he will never get hurt if he has enough knowledge about trading, no matter how much a trader learns he can never be sure that he will get confirmation by trading. A good understanding of the market will only lead to good things. We should learn enough about trading and never depend on luck because depending on luck will never be good for your money.

Luck will never come every day, indeed in trading knowledge is very important and there are many things to learn especially for those who trade daily, but it cannot be denied that in day trading crypto certainly has a high risk even though you already have a lot of knowledge about reading charts and other things about trading science but the risk is still the same.

[19Nov16]

I think the thing we can do to make day trading is to always be active in search of new listings on coins, usually New Listing Coins have a good opportunity for rising, of course we must have the right plan or profit target to be achieved, if the target has been achieved then don't Never waited again and immediately selling is a good thing, I've done something like this and can develop money, and of course this technique is successful and loss is common.

[AmoreJaz]

There is no substitute for learning to make a profit by trading. Every moment a trader has to learn about trading. A trader needs to understand the trading charts well, observe the candlesticks, observe the movement of the market according to time, and when a trader can do all these things well, his chances of profiting from trading are very high. I am not saying that he will never get hurt if he has enough knowledge about trading, no matter how much a trader learns he can never be sure that he will get confirmation by trading. A good understanding of the market will only lead to good things. We should learn enough about trading and never depend on luck because depending on luck will never be good for your money.

Luck will never come every day, indeed in trading knowledge is very important and there are many things to learn especially for those who trade daily, but it cannot be denied that in day trading crypto certainly has a high risk even though you already have a lot of knowledge about reading charts and other things about trading science but the risk is still the same.

this market is not a rocket science so experience will teach you a lot on how to generate profits from your trades. as a beginner, you should always use small funds where you can readily accept to lose it. each project has their own features, and as such, you can't use the strategy to others. this is why it is important to learn each coin you want to trade with. learn its background as it can assist you on how to decide your next steps.