To day traders

[Z_MBFM]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

You are right, a professional trader invests his funds repeatedly in various potential coins that are likely to give him good profit. But when one does short term trading with a shit coin it behaves like gambling in that sometimes one gets big profits very quickly and sometimes very big losses very quickly. Trading in shitcoin is like gambling whose profit depends on luck. Trading is not for everyone Those who trade must have patience market knowledge analysis skills everything

[yhiaali3]

I agree with you that trading shitcoins is very risky because even if you win today, you may find yourself losing tomorrow if you do not have enough experience in managing risk and knowing the right time to exit and take profits.

Also for patience, personally I lost many times because of my lack of patience as I sold at a loss many times because the coin fell but then rose again, so I learned from my personal experience that patience is the most important thing in trading after gaining the necessary knowledge, patient traders are the ones who win in the end.

[STUTZ]

The biggest risk I see in trading here is the high volatility. I have often seen moves when trading small or midcap alts, that are not in line with normal charts, because a wale starting strange things for example.
Sometimes I thing the centralized exchanges trade against their own users and trying that they get liquidated. So I stopped using large amounts of leverage because of this.

[BitMaxz]

Therefore for now I myself prefer to avoid futures trading because I know the high risk that will be faced, then prefer spot trading with a little bigger but will not choose shitcoin because this kind of token will be difficult to recover.
I think trading the top 20 coins will be better than altcoins that have small market capitalization.
Most people look for small capitalists in the hope that they can get bigger and prices go up, but I myself stay away from that.

It's high risk but high reward if your analysis is right. Usually those day trader prefer to trade futures they don't take too long to execute they trades if they open a position they immediately close the position once it hits their target. In my experience, the top 20 coins are the best to trade in futures due to their high marketcap. If you trade with low marketcap coins, expect manipulation, which is common in low marketcap coins, but with high marketcap coins, you can expect less manipulation and only big players can manipulate it with minor spikes.

[shinratensei_]

The biggest risk I see in trading here is the high volatility. I have often seen moves when trading small or midcap alts, that are not in line with normal charts, because a wale starting strange things for example.
Sometimes I thing the centralized exchanges trade against their own users and trying that they get liquidated. So I stopped using large amounts of leverage because of this.

I think it's pretty natural for the market to short squeeze or long squeeze the people with high leverage, you can imagine it as the market trading volume getting thinner and it will need to touch those liquidation price mark to get the market going, whether it's liquidating those shorter or longers.

though in the case of coin with smaller market cap, it does happen sometime where the price just doesn't make sense, getting pumped when there's bearish news and so on, pretty much nothing explains it beside market manipulation. that's why if trading leverage you should stick with the one that got large volume so these whales have no chance.

[goldkingcoiner]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

No experienced day trader is going to trade any low volume coin. And shitcoins are almost always low volume and low market cap.

That's like setting yourself up in a pump and dump trap that you knew was a trap beforehand.

Now newbie traders, those are the ones falling for these shitcoin scams. They see a huge percentage on coinmarketcap, they buy in and then they lose their money. Everytime.

[Strongkored]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose.

You are right, trading in shit coins only gives temporary profit because if you do it continuously, in the long run you will start to lose even what you have earned can be lost. If you want to trade in shit coins, you must dare to get out of the market no matter how much profit you get, sometimes it can be big but also small and most importantly never hold it for the long term because the value of the shitcoins will decrease and you will lose everything.

Patient traders are more likely to earn.

but it is not suitable for trading in shitscoin, it is only suitable for Bitcoin, if you are patient and hold it for a long time, you will get a big profit.

[Wexnident]

~

Pretty sure that's a risk they're willing to take. Personally, I've started trading shitcoins a few months back, and I've seen some wins and losses and it's actually understandable why some people risk it. Yeah I guess you can say profiting is just a gamble but hey, if that's what they (and sometimes I) want, let them be. I'm confident with using some of my money on it anyway because I've got a stable DCA strategy already in place. Wouldn't say patient traders make profit though, it still requires you to know what you're waiting for. You can be patient all you want but if you were investing in a bad coin then it's pointless.

While I do sometimes play with shitcoins, generally it's probably better for traders to trade with alts. Usually I pick around the top 50 - 100 ish.

[wheelz1200]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

Thats standard around here, the more you risk the more chance to lose pretty easy.  You always here those stories of using leverage and making money.  But thats more like the gambling stories.  Most people wont tell you about their loses.  Priblem with leverage is that even in bull markets you can lose your long position.  All you need is one yoyo day

[Pandorak]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

I agree with what you said, trading shit coins will only make you lose, i have experienced it myself, it is true that it gives a big profit in the short term, but it doesn't take long for sure you will experience a bigger loss, preferring to trade in Bitcoin even though it gives long-term profits at least it is safer.

[babygun]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

I agree with what you said, trading shit coins will only make you lose, i have experienced it myself, it is true that it gives a big profit in the short term, but it doesn't take long for sure you will experience a bigger loss, preferring to trade in Bitcoin even though it gives long-term profits at least it is safer.

High risk, high reward that is how it goes. Trading shit coins is risky but in the end you only need to be one time real lucky and you can get a 100x or higher. I bought some shitcoins for a low amount of money and hoped to be lucky but no luck for me.

[Mpamaegbu]

Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is.

Doing 10% on one's trading capital per trade is high. What it invariably means is that with 10 lost trades in a row that account is blown. It's too much of a risk no matter how we want to analyse it. You may think it's not until you check that same scenario with $10k (that's $1k on a single trade) or $100k (a $10k risk per trade). It's way too much. I believe anything above 5% risk is high enough. We don't expect to get rich on a single trade. It's a gradual process.

If you use leverage, you are increasing the chance of you losing.

What if your entry is right in the trend direction? I don't think we should see leverage as a killer, except the trader is in a wrong direction and their leverage is high.

Patient traders are more likely to earn.

Yes, when trading good coins/tokens. Otherwise, patience becomes bad with degen or memes. They're only profitable for short term hodl/trade.

[tabas]

Patient traders holders are more likely to earn.

There, I've fixed it for you. The profitable ones are those patient holders. But going to the traders and the ones actually doing that, I agree with you that if someone has that amount to trade with, it shouldn't be spent wholly. There's also a need to minimize how much you're willing to trade just like in gambling. But I think most of the traders don't really care at all and they'll spend the entirety of their funds into it and will make sure that they have bought the coin they want to trade and have done the TA for. Since I have mentioned about gambling, then if someone is in futures and also trades shitcoins too, there, you're doing basically the same thing.

[Ararbermas]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

well trading with shitcoin is very risky indeed , and you don't have an idea what will happen next on the big pump if it's a dust or not, coz mostly always made rug pull without knowing.

And trading is about knowledge, skills and patience , wherein if you over trade without such things of course you will end up liquidated. Lastly about using leverage, for me in my opinion it depends on your risk reward ratio if you really follow it . What i mean on this is you don't move your stop loss when you see that market is against your trade and you have a good strategy as well. . Imagine 1:2 you have risk reward , and even you made 1 mistake but you win on your 2nd and 3rd trade you will become still profitable .right? So it depends actually .

[Wakate]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

One thing that many experience traders use to avoid is using excessive leverage because it could easily cut that you trading portfolio and when the market is very volatile, it will end up in losses. It is good for us to trade good coins, even the ones that are volatile but not the coins that are easily manipulated by group of whales or the owners.

Trading with small fund can still be profitable when using a suitable leverage, but this should not be done when trading in the volatile market. Risk management has been one of the ways to avoid unnecessary losses due to the reaction of the market. We need to trade accordingly, not being too greedy to make money at once without using risk management and stop that could prevent further losses Incase the market goes against your predictions.

The new traders that are in the market with the motive of hitting a jackpot would have to work harder, learning about the market more before going big or trading with huge funds so that can increase their experience as traders.

[MusaPk]

Therefore for now I myself prefer to avoid futures trading because I know the high risk that will be faced, then prefer spot trading with a little bigger but will not choose shitcoin because this kind of token will be difficult to recover.
I think trading the top 20 coins will be better than altcoins that have small market capitalization.
Most people look for small capitalists in the hope that they can get bigger and prices go up, but I myself stay away from that.

If you want to go for Alts then go for top 20 Alt listed on Coinmarketcap.com. It's difficult to decide which alts to choose from thousands of alts circulating in the market. Alts are good for short term as there boom period is short, just buy alts, wait for the profit and then quit.
Coins with small price are available in abundance and few of them have gone up but it's very risky to buy them. It's better to choose bitcoin for long duration then buying these alts.

[CroverNo01]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

You've made quite good illustrations of trading with leverage and tips of becoming a successful trader. Why thinking about shitcoins in the first place when there are memecoin and altcoins to trade? We know about the risks involved in trading shitcoins and we still go ahead to trade them. This is not happening because I can't not be a party of trading shitcoins and gathering few or more losses at the end.

We lose because we've failed terribly to acknowledge the fact that not all projects in the market we jump on with. We ought to take more time to secure quire important phase in the market. What happen when one is too confident of himself in the system? Losses steps in and this is never what we intended but we've close arms and more open to losses.

[Bushdark]

If you trade shit coins, you will see yourself losing because they are too volatile. If you gain, you may later lose. Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

You are right, a professional trader invests his funds repeatedly in various potential coins that are likely to give him good profit. But when one does short term trading with a shit coin it behaves like gambling in that sometimes one gets big profits very quickly and sometimes very big losses very quickly. Trading in shitcoin is like gambling whose profit depends on luck. Trading is not for everyone Those who trade must have patience market knowledge analysis skills everything

Shitcoins are easily manipulated because their market capitalization is low compared to those relevant coins in the market.
This coins do have u known devs and team that may not be reliable which is one of the reasons why they easily get faded in the market and their price are mostly used for pump and dump because it's easy to be manipulated.
Every traders need to know many of these coins so they don't mistakenly trade it and end up losing their crypto portfolio for trading the wrong coins that got dumped before their eyes.

[Rockstarguy]

Patient traders are more likely to earn.

That's true because trading is about more of patient and if one lack the ability to exercise patients in trading it normally turns out to be lose. In trading you need to be patient to learn to get good understanding in order to things properly in the market.  Everything in trading is patients and the problem most people do have with trading is because they fail to apply patient because they want to make money from trading quick which is not possible. If you must earn in trading you must have patient to achieve the profit that is in trading.

[Doan9269]

If you trade shit coins, you will see yourself losing because they are too volatile.

This is true, not only shitcoins are volatile, all cryptocurrencies are volatile, but memecoins are more volatile and at the same time, any coin can as well go highly volatile depending on the performance and it market season.

If you gain, you may later lose.

Most likely, if you're a trader or you often consider altcoins.

Successful traders trade with less than 10 times of their trading funds. If you have $1000 for trading, using $100 makes you understand what trading is. If you use leverage, you are increasing the chance of you losing. Patient traders are more likely to earn.

The strategy used is important here also, we need patience as well which is part of the criteria to compliment the out come for our trades, our experience also goes a long way, mostly its not about the times or frequencies we used on trades, but how we have always been on point with our targets upon each trades we take.