How to make a life by Day Trading

[Aanuoluwatofunmi]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

[lixer]

Yes there are difficulties in the beginning of every work but our hard work and passion help us to overcome these difficulties quickly. Trading is not as easy as we think. Our small mistake can lead to big loss for us. One should not enter this field without skills and experience. You are right that we should face all difficulties with perseverance and courage. Cryptocurrency market has both pros and cons and we should keep both in mind while trading. Sometimes our analysis may turn out to be wrong, but we must persevere and never panic. Of course, all experienced traders who trade the market may have faced many difficulties in the beginning, but their hard work and dedication made them a successful trader. Experience and knowledge increases with time.

At start nobody can analyse the market so they actually take decision by following the signals provided to them by experts. Sometimes with a single jerk person forget the benefits and left trading but they should be familiar that acceptance of such sudden jerk will make them strong.

But one thing is understandable that if precious time is given to trading and learn it well then one day a time will come when you will teach trading to others because newbies always turns into experts after facing adversities.

I don't understand why someone would need to make an investment and start trading if they can't do market analysis. What's the hurry? People should simply start learning first so that they can be able to analyze the market and decide when they should make their trades instead of following someone else's signals which aren't always reliable and one might lose a substantial amount from their initial capital and even if they don't, it's still not recommended.

A person who is willing to earn a living through trading and cryptocurrencies should obviously never get into it before they learn everything from A to Z so that they don't get confused at any point during their trading journey and they can manage everything efficiently and without any problems at all.

[jossiel]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

[TheSpiral]

Well, I also see that some day traders can be successful in getting a lot of profit from their daily trading activities in the market. But usually they are old players in the market. They already have a lot of experience and already have a lot of insight into trading activities. Which makes their mentality very strong. And they can even last a long time sitting staring at the market every day. I personally probably wouldn't be able to do that.

And many newbies want to imitate them but most of them fail to make a profit. Because day trading seems like it is not as easy as we see.

Yes large number of people who are crypto traders experience win but this win is not regular win because in certain step of their trading they must have loss.
Crypto trading is consider as a mechanism which will turn the Condition of poor people into wealthy people but it should also be consider as a process that turn wealthy people into poor people if management of money does not take well.

Earlier people using crypto either learn how to trade or they leave trading because they cannot bear more losses so depending on this some people continue to win and other remains in same situations as they are not interested in learning.

[Odohu]

To me $200 is too small a capital to use for day trading cryptocurrency. There is a very high chance you will get liquidated in less than no time considering the volatility and average daily range (ADR) of cryptocurrencies. There is also the temptation of trying to flip this money... this is something common with many traders that enjoy the euphoria of marking a fortune out of nothing.

Nevertheless, one can be lucky to actually build something significant with $200 luck do happens and the world is evolving and AI playing revolutionary roles in various fields of human endeavors, anything is possible. However, following the mechanical method that is littered all over the internet, it is a matter of time before someone with such little capital blows the account trying to build it.

[xSkylarx]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

There are traders who lose, but there are also traders who win. Most of my friends are day traders, but sometimes they do scalping. Most of them don't have one strategy because there are times when day trading is not going their way, which is why they will scalp on that day.

It really depends on the trader what he prefers, but most traders who make trading their side hustle do this because they don't need to keep watching the chart all the time, all they need is an hour or two on a day to plot their entry, but that doesn't mean that it is more profitable or has a higher winning percentage, it is just where they are comfortable.

[Dickiy]

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

There are traders who lose, but there are also traders who win. Most of my friends are day traders, but sometimes they do scalping. Most of them don't have one strategy because there are times when day trading is not going their way, which is why they will scalp on that day.

It really depends on the trader what he prefers, but most traders who make trading their side hustle do this because they don't need to keep watching the chart all the time, all they need is an hour or two on a day to plot their entry, but that doesn't mean that it is more profitable or has a higher winning percentage, it is just where they are comfortable.

Of course everything that can be profitable will definitely have a level of risk, therefore as you said there are winners and losers in trading. For a day trader I agree with you, which is very true they do not only use one strategy, but maybe there are several or even very many, because in every day maybe the market will not always match what they want, I mean if they only have one strategy then it is unlikely that they will be able to get daily profits according to their targets because the strategy they have may not always match the market conditions every day, so to complement it they need several other strategies that match the market habits and with that maybe they have a good chance to be able to keep earning daily income. Well and if maybe their strategy is limited maybe they can take over the trade for scalping, that could be a good option for the market that day that does not match their strategy.

Yes, it is true that the technique may be enough to facilitate us, because it is true that sometimes constantly paying attention to the chart is not good and may make us blunder and make the wrong decision because our brain also has its own capacity to accommodate very complicated movements there, so rest is also needed, this is a pretty good alternative to choose.

[jossiel]

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

There are traders who lose, but there are also traders who win. Most of my friends are day traders, but sometimes they do scalping. Most of them don't have one strategy because there are times when day trading is not going their way, which is why they will scalp on that day.

That's right and that only proves that even the experience ones don't get it easily.

It really depends on the trader what he prefers, but most traders who make trading their side hustle do this because they don't need to keep watching the chart all the time, all they need is an hour or two on a day to plot their entry, but that doesn't mean that it is more profitable or has a higher winning percentage, it is just where they are comfortable.

If it's just a side hustle and don't require a lot of monitoring. They'll just buy within the day and wait for another few or several days or even a month.

It's just the typical investor type but they still need to deal with it as a trader.

[Bitcoin_people]

Day trading and leverage are called high risk trading. Whenever a person starts such a trade he must be wary of such dangers. If you want to do trading, you have to adopt different strategies, otherwise you must face the risk of trading. If you want to earn by trading, you have to consider specifically how to make good profit from trading. Before starting trading one must deposit some amount of money in a good exchange and trade from there daily hoping to gain some amount of money. Trade with small amounts gradually, then increase the amount if you want to increase your risk level. However you must trade risk-averse otherwise you will never be able to make a profit. It is better to trade cautiously. And before starting trading, definitely take the advice of a wise successful trader.

[carlfebz2]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

If there's someone who would really make profits then its always that there'a always those people who do lose up the other side of the trade on which and this is really the basic principle that we do have in this space.

To those who are profitable then they are the ones who would be considered to be professionals or someone who are really that veteran on who could be able to handle themselves on this very volatile market.
We know that getting such skill is never been that easy and this is why we do really struggle on acquiring such skills which would be taking up some time and this would really be that lots of people been trying.
We know that there are different skill sets needed on what kind or type of trader you would be, whether you would be a scalper, daytrader, or swing trade or long term ones.

If you are making a life with day trading then you would be needing to face up that harshness of this market when it comes to volatility. You would really be that actively
be that checking out price movements every now and then.

[darewaller]

Day trading is a way we can make profits from the market trading with a higher time frame but the trade does not last more than 24 hours.
It is called day trading because it is a short range trading for us to earn from the market depending on how we have positioned ourselves to make money from the market. There are traders that are day traders and they make a lots of profits from the market since they know how to position there strategy in a way that will make profits for them without much loses .

But do you think that day trading is profitable in all days? I don't think so.
Yes, you can make money in day trading but the income generated from day trading is not sustainable. You cannot be in profits in all day trades.

There will be days when you will hit your stop loss, and there may be days when the market will not give you any opportunity to make trades. Anyone who is solely dependent on day trading and has no other source of income, he will try to force trades which are not there and eventually end up losing money.

He only explain what day trading is but he didn't say that it can give us a daily profits, although there are still times or days where we can earn bigger than the other. So, I guess that is still better and that compensates to the day/s that we haven't gain anything.

If we are not that skillful to produce that kind of income, it's better to just find a much stable source even if the daily pay isn't that big enough because our total pay will still be bigger than on what we can get when we do trading. It's okay to do force trades or trades which are not on our plan if we think we can benefit on it. We need to be versatile in trading if this is the only source of income we have so far or we choose to live on it because this is our passion.

[irhact]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Day trading can be profitable and not profitable to any individual that wants to be making money from doing it but they have to make sure they know how to trade very well before they start doing it. Many individual just start trading without having any experience and that's why they always fail and begin to blame the market of been a scam meanwhile they were the ones that didn't understand what they were doing but because they were winning they thought they're good traders.

When you start trading, you can get beginners luck but we don't have to let that confused us because the more we go dipper the harder it begins to get and we start losing so it's always wise we know how to trade properly before we decide to be doing it everyday for profits.

[khiholangkang]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Day trading can be profitable and not profitable to any individual that wants to be making money from doing it but they have to make sure they know how to trade very well before they start doing it. Many individual just start trading without having any experience and that's why they always fail and begin to blame the market of been a scam meanwhile they were the ones that didn't understand what they were doing but because they were winning they thought they're good traders.

When you start trading, you can get beginners luck but we don't have to let that confused us because the more we go dipper the harder it begins to get and we start losing so it's always wise we know how to trade properly before we decide to be doing it everyday for profits.

For beginners, it is normal for them to lose in trading because getting profits in trading is not easy, especially if you do it all day, you will be confused by market conditions and quickly stress your mind because your analysis does not match what the market is saying after you. make an entry.
 
What becomes very vulnerable is when they are too ambitious to get big profits with big capital when they have already had one small win from their trading activities which makes them brave, and in the end it makes them worse off because of their carelessness which results in big losses and cursing the market, as if as if they were being trapped.

Talking about whether you are profitable or not, of course it is relative and is always there every day for a daily trader, and if you are a beginner, don't choose trading as your main income to earn a living, or in the case that you have experienced victory in one week from your trading activities. in the market, then you want to move from the real job you have been doing for a long time to trading, I think it is better to be consistent first in the old job and learn more about the world of trading. If you feel you can control your emotions and manage your finances and have the vision to assess the probability of profit from trading, then that's when you are worthy of making trading a place to earn a living or your main job.

But are you going to trade for the rest of your life, I hope not, you have to think about other ways to earn extra income in your old age from now on.

[jossiel]

Most of the day traders lose.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.

And that's why many day traders are also prioritizing just to have more in their portfolios.

If there's someone who would really make profits then its always that there'a always those people who do lose up the other side of the trade on which and this is really the basic principle that we do have in this space.

To those who are profitable then they are the ones who would be considered to be professionals or someone who are really that veteran on who could be able to handle themselves on this very volatile market.
We know that getting such skill is never been that easy and this is why we do really struggle on acquiring such skills which would be taking up some time and this would really be that lots of people been trying.
We know that there are different skill sets needed on what kind or type of trader you would be, whether you would be a scalper, daytrader, or swing trade or long term ones.

If you are making a life with day trading then you would be needing to face up that harshness of this market when it comes to volatility. You would really be that actively
be that checking out price movements every now and then.

Yes, there's always the two sides of the effects that we're doing. Those that are happily sharing their wins, won't show how much losses they've made particularly before winning those trades.

While for the most of the traders that we're seeing, those that does scalp trading. They're more experienced and has got the idea on how to quickly profit in the market.

They have also for sure suffered losses and that contributed to how they decide for each of their trades.

[TelolettOm]

Most of the day traders lose.

How do you know most day traders got loses?
I've no idea about the stats of loses or wins of day traders. I think there is no valid source that can describe/explain it. It is impossible to know the number of active day traders. However, if day traders are more aware about the importance of knowledge and emotion control, I think they will have bigger chance to succeed.

Ideally, there should be bigger number of success traders because we have varied sources for learning. When day traders are educated and mature enough, they won't easily get losses.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.
And that's why many day traders are also prioritizing just to have more in their portfolios.

I think if a day trader got more losses than success in trading, he probably stops it. If he continues to have more portfolios, it means he is quite success in trading.

[HONDACD125]

Yes there are difficulties in the beginning of every work but our hard work and passion help us to overcome these difficulties quickly. Trading is not as easy as we think. Our small mistake can lead to big loss for us. One should not enter this field without skills and experience. You are right that we should face all difficulties with perseverance and courage. Cryptocurrency market has both pros and cons and we should keep both in mind while trading. Sometimes our analysis may turn out to be wrong, but we must persevere and never panic. Of course, all experienced traders who trade the market may have faced many difficulties in the beginning, but their hard work and dedication made them a successful trader. Experience and knowledge increases with time.

At start nobody can analyse the market so they actually take decision by following the signals provided to them by experts. Sometimes with a single jerk person forget the benefits and left trading but they should be familiar that acceptance of such sudden jerk will make them strong.

But one thing is understandable that if precious time is given to trading and learn it well then one day a time will come when you will teach trading to others because newbies always turns into experts after facing adversities.

I do agree that at the start too many people follow others, but the reality is that if they could learn how to trade themselves then they would make a lot more money since they would have the recipe.

I compare it to making food really, you may not make a food as good as the restaurant near you, they may make a better one, but it will cost you more to eat it there than making it at home, plus each time you want it, you need to go there, and if they do not have any, or the chef is having a bad day, you are going to have a problem, whereas if you learn how to do it yourself, then you are going to eat at home, cheaper that way, and you can eat it anytime you want, you just have to cook it, and that means you need to learn to cook it.

Whenever one trades without information in the beginning, mistakes will be made and losses will be incurred due to mistakes. Otherwise, he can follow anyone and following someone means that if the other person makes a mistake, you will also have to bear the consequences of his mistake.Therefore, instead of relying on others, one should try to learn by oneself. If you can't make a good profit, at least you can avoid your losses.

 The example you gave of cooking is a very good example that if one learns to cook by himself instead of eating in a restaurant, he can get home cooking easily and cheaply, but trading is a tough job, not so easy. As people think because it requires a lot of hard work and takes a long time to learn. However, trading requires experience, market volatility and knowledge about market risks. Everyone who is interested in trading should know about all these things, so that he can develop a good trading strategy for himself.

[jossiel]

Most of the day traders lose.

How do you know most day traders got loses?
I've no idea about the stats of loses or wins of day traders. I think there is no valid source that can describe/explain it. It is impossible to know the number of active day traders. However, if day traders are more aware about the importance of knowledge and emotion control, I think they will have bigger chance to succeed.

Ideally, there should be bigger number of success traders because we have varied sources for learning. When day traders are educated and mature enough, they won't easily get losses.

There is no need for any stats with that, ask the other traders or do it on your own and you'll get to see the real stats.

Many are just optimistic with their experiences and despite that many of them are losing, they've got passion for what they do.
And that's why many day traders are also prioritizing just to have more in their portfolios.

I think if a day trader got more losses than success in trading, he probably stops it. If he continues to have more portfolios, it means he is quite success in trading.

Yes, they have to stop when it's no longer working for them and all they need to do is to find another investing strategy so that they'll keep up with the market.

And what's that strategy? Holding.

[bitLeap]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

Day trading can be profitable and not profitable to any individual that wants to be making money from doing it but they have to make sure they know how to trade very well before they start doing it. Many individual just start trading without having any experience and that's why they always fail and begin to blame the market of been a scam meanwhile they were the ones that didn't understand what they were doing but because they were winning they thought they're good traders.

When you start trading, you can get beginners luck but we don't have to let that confused us because the more we go dipper the harder it begins to get and we start losing so it's always wise we know how to trade properly before we decide to be doing it everyday for profits.

In line with the risks, trading does speed us up to profit in a relatively shorter time, but as I said it comes with risks. If one starts trading without any deep knowledge of this space, then it will invite more losses.
Luck may come once in a blue moon, but is it dependent on that alone? It's tantamount to gambling in my opinion.
For beginners, it will be more difficult, because even someone who has been in trading for a longer time sometimes still finds it difficult. Especially if they come without any knowledge or just follow the current trend.

[savetheFORUM]

Day trading can be profitable and not profitable to any individual that wants to be making money from doing it but they have to make sure they know how to trade very well before they start doing it. Many individual just start trading without having any experience and that's why they always fail and begin to blame the market of been a scam meanwhile they were the ones that didn't understand what they were doing but because they were winning they thought they're good traders.

When you start trading, you can get beginners luck but we don't have to let that confused us because the more we go dipper the harder it begins to get and we start losing so it's always wise we know how to trade properly before we decide to be doing it everyday for profits.

That's mostly the case with new investors, those who have heard from others that cryptocurrency is very profitable and one can easily earn a lot of money, and they never did any research of their own to understand how things work and whether there is risk involved or not but they get in the market and start buying cryptocurrencies without any prior knowledge and with zero experience. Some might get a newbie's luck but that doesn't happen with everyone.

So, a person who is just about to enter the market needs to at least do their own research to understand the market first and they should only start buying once they realize that they now have enough knowledge about the market and they won't just waste their money by investing on useless coins.

[2girls]

Day trading is very interesting to do because it's one of the most convenient means some people finds so easy to use in trading especially when they are specialized on a day to day trading activities and want to realize some income from it, day trading must also be done with utmost care in other to avoid making unnecessary mistakes, we have to engage in the use of trading indicators to help us achieve the best and maximum degree of our expectations in trading each time we are doing it.

The day trading, I have done many times but it is not so profitable because there is more loss. The advantage is that you have to be patient for it. Look, patience is a very important thing in trading. If you don't have patience, you cannot trade what you have. So we should avoid day trading because it has a lot of chances of loss because in day trading you will prefer altcoins rather than bitcoin and ethereum. One who invests in ethereum or bitcoin is a very great and superior thing to do