Don't day trade, you're going to lose your money

[UNTO Chain]

You're right, day trading is not for everyone. You need to know what you're doing and have a good strategy before jumping into it.

[fikrett]

You're right, day trading is not for everyone. You need to know what you're doing and have a good strategy before jumping into it.

Especially now, looking at the fear index, it's a bloodbath currently.

[Peanutswar]

honestly day trade is so random in term of profitability, nobody can guarantee whether you gonna lose your money or make profit, it is at the end of the day comes down to statistic and as of now 90% of trader are losing money, doesn't mean all losing money, if you got the edge you might become the remaining 10% who is profitable.

basically it depends on you and your trading ability, like any other activity, even arbitrage has chance of losing, doesn't mean everybody is losing though.

I agree with your sir, day trade is risky, it's completely uncertain way especially in day trading, but long term trading is profitable if will show patient, trading ability is everything in trading, who are experienced in trading, possible to make profits in day trading, but no guarantee about consistency even experienced traders.

Im a day trader and its easier to make analyze the market with the higher time frame because there's a confirmation that depends at the same time with the availability of the trader, I guess its riskier to trade with a lower time frame because the market is so volatile just simple market changes gives a huge impact on the price and of course you cannot skip just a blink of an eye to make trade on this. Instead in a higher time frame, you can easily make another execution where to entry and exit strategy.

[stomachgrowls]

honestly day trade is so random in term of profitability, nobody can guarantee whether you gonna lose your money or make profit, it is at the end of the day comes down to statistic and as of now 90% of trader are losing money, doesn't mean all losing money, if you got the edge you might become the remaining 10% who is profitable.

basically it depends on you and your trading ability, like any other activity, even arbitrage has chance of losing, doesn't mean everybody is losing though.

I agree with your sir, day trade is risky, it's completely uncertain way especially in day trading, but long term trading is profitable if will show patient, trading ability is everything in trading, who are experienced in trading, possible to make profits in day trading, but no guarantee about consistency even experienced traders.

Im a day trader and its easier to make analyze the market with the higher time frame because there's a confirmation that depends at the same time with the availability of the trader, I guess its riskier to trade with a lower time frame because the market is so volatile just simple market changes gives a huge impact on the price and of course you cannot skip just a blink of an eye to make trade on this. Instead in a higher time frame, you can easily make another execution where to entry and exit strategy.

Im an intraday trader/scalper in forex on which i have tried out to apply it on crypto as well. I can say that lower TF trading is indeed that very risky i should say on which you would really be needing up to have that bias on higher timeframe on which i would say that it is really that a bit hassle because you would be needing to be active on trying out to check those biases on higher timeframe. I have been able to experience that higher time frame kind of trading on which you can really be able to take up some application with technical analysis. It is really that somewhat not that much effective if we do speak about on crypto market because if we do tend to compare it out into those traditional market like forex and stocks then it is really that totally different.

On the time or moment that you have decided on taking up such career then make it sure that you should really be that having that kind of consideration on  trying to look on whats the best for you in speaking about trading methods or ways on which that would be getting in line with your capability or capacity because each trader does have its own preference when it comes into this one.

[Mr Reporter]

That I can really agree with because in gambling, it is all based on luck if you happen to play casino classics. But in trading, you have better chance especially if you know the coin you are dealing with. The more information you know about the project, the better your chance of earning profit.

There are people that actually do day trading It's working for them, even if majority have to rely on luck because you cannot exactly be able to to get it right always and when you talk about the trading to me, there is not much difference with gambling Just start in gambling You can't reduce a lot of things that put every risk on the measure, but dumpling does not have those features.

  Yes i agree with that statement luck well there are some that are quite not good in day trading and some are really good and aslo it all depends on the mindset of the investor, well from me i really don't like day trading well because it alway needs time commitment and it unpredictable well to most people's it really worth Nothing because to them they feel this are some right strategies in helping them to control there risks mentalities.

[harapan]

I agree with your sir, day trade is risky, it's completely uncertain way especially in day trading, but long term trading is profitable if will show patient, trading ability is everything in trading, who are experienced in trading, possible to make profits in day trading, but no guarantee about consistency even experienced traders.

So does it mean 90% of day trading ends up in losses? Because I'm trying to understand all of this now but I'm aware the results of being profitable in day trading is slim and you'll tend loose more but what I want to understand is that does it always end up in losses cause with the way alot of people tend to go into it, I had to make a conclusion that it varies and we can't just give up that it's not profitable.

[Bushdark]

I understand all you're saying about day trading and it's implications in making you lose more money than get profits, but nevertheless I'm not conversant with this particular day trade you are talking about but you spoke so well that it is more risky which we all know risks is inevitable in every investment or trading but as a day trader do you lose in continuous basis or it's basically because of lack of experience or knowledge.

There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.

[TastyChillySauce00]

So does it mean 90% of day trading ends up in losses? Because I'm trying to understand all of this now but I'm aware the results of being profitable in day trading is slim and you'll tend loose more but what I want to understand is that does it always end up in losses cause with the way alot of people tend to go into it, I had to make a conclusion that it varies and we can't just give up that it's not profitable.

it varies indeed, it's just that 10% takes 90% of the money because they're well equipped with sophisticated tools and smarter than the 90%, if you see someone profit in trading consistently then they are the small minority that profits.

if you however can do really well in trading then go ahead, be that 10% remaining people and make profit out of it, if you're not however, I think investment is the way.

day trading isn't for everyone, only for people who really understand the game in my opinion.

[Japinat]

There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.

They are exceptional, and they are just a few. So we don't get surprised if we lose from day trading because not all are meant for that position.

Perhaps it is very important to position ourselves into something that we are capable of. If day trading does not suit us, we can choose spot trading or just be plain investors. Besides, all of these things are ways to earn money. Why choose day trading if we know we can't make money from it? Otherwise, that is stupidity.

[TheUltraElite]

So does it mean 90% of day trading ends up in losses?

The percentage might be even higher, lets just say that most day traders dont make money.

Because I'm trying to understand all of this now but I'm aware the results of being profitable in day trading is slim and you'll tend loose more but what I want to understand is that does it always end up in losses cause with the way alot of people tend to go into it, I had to make a conclusion that it varies and we can't just give up that it's not profitable.

But mate, you have been on this forum since 2017 and you still have not figured trading out?? Were you completely away from the trading scene since start?

Day trading is similar to gambling, these altcoins that people buy, have no basis of putting money in, they jump into the ones doing good and then exit. But this ends up being a huge rat race overnight. That is why it tolls on the brain and the body of the trader and the money goes down in total.

[milewilda]

I understand all you're saying about day trading and it's implications in making you lose more money than get profits, but nevertheless I'm not conversant with this particular day trade you are talking about but you spoke so well that it is more risky which we all know risks is inevitable in every investment or trading but as a day trader do you lose in continuous basis or it's basically because of lack of experience or knowledge.

There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.

All matters on how you would be able to sustain because at the time or moment that you do deal up with trading and we do know that there are different types of trader on which you would really be neither to have that daytrader or would be a scalper or would be that a long term ones. If you are planning to become a day trader then make it sure that you've been that good when it comes to spot trades on swing then you would definitely at least have the idea on what you've been dealing on specially when dealing up with volatile prices in short time candle time frame on which i would be saying that it would really be that much needed and wont really be putting yourself into some issues at the time that you've decided to go with another path or way on how to trade up with the amrket. Losing money is really just that normal because you cant really be that perfect when it comes on trading up with this volatile space. No matter how old and veteran you are but still you would really be able to experience loses on which this is really that something inevitable. If you dont like on losing money then trading isnt for you or any other similar investments or even on gambling. Dont day trade if you arent that good when it comes to swing trades or higher timeframe on which you would be able to have such difference.

[lombok]

I understand all you're saying about day trading and it's implications in making you lose more money than get profits, but nevertheless I'm not conversant with this particular day trade you are talking about but you spoke so well that it is more risky which we all know risks is inevitable in every investment or trading but as a day trader do you lose in continuous basis or it's basically because of lack of experience or knowledge.

There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.

All matters on how you would be able to sustain because at the time or moment that you do deal up with trading and we do know that there are different types of trader on which you would really be neither to have that daytrader or would be a scalper or would be that a long term ones. If you are planning to become a day trader then make it sure that you've been that good when it comes to spot trades on swing then you would definitely at least have the idea on what you've been dealing on specially when dealing up with volatile prices in short time candle time frame on which i would be saying that it would really be that much needed and wont really be putting yourself into some issues at the time that you've decided to go with another path or way on how to trade up with the amrket. Losing money is really just that normal because you cant really be that perfect when it comes on trading up with this volatile space. No matter how old and veteran you are but still you would really be able to experience loses on which this is really that something inevitable. If you dont like on losing money then trading isnt for you or any other similar investments or even on gambling. Dont day trade if you arent that good when it comes to swing trades or higher timeframe on which you would be able to have such difference.

It is impossible to reduce risk to zero in trading because any given action that one is taken or decision made always entails profit making or loss. We can have different plans for the short and long term goals but if we do not have an understanding of the market, all these would not be effective. This, however, is never a disadvantage in the general sense, as such high speed and changes of prices are a challenge in their own right for the ones who plan on getting the most profits within a relatively short time. It shows that no matter the time that one is alive in this world, loses are still part of life. The most important thing is the fact that we are attempting to exercise as much caution as possible from the time of making any decision in order to persevere in the face of new market conditions.

[pusaka]

There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.

They are exceptional, and they are just a few. So we don't get surprised if we lose from day trading because not all are meant for that position.

Perhaps it is very important to position ourselves into something that we are capable of. If day trading does not suit us, we can choose spot trading or just be plain investors. Besides, all of these things are ways to earn money. Why choose day trading if we know we can't make money from it? Otherwise, that is stupidity.

I believe that everyone has different abilities in the same job. So this also applies in the crypto world, especially trading. Some are better at day trading, some are better at spot trading and so on. So we just need to find where our abilities are more prominent and we can find it by learning all the time. Don't push yourself too hard to do something that we don't really master. I mean maybe we can understand everything, but don't rush and it's better to learn first than to force yourself because it's riskier and can make us lose money faster.

[leonair]

Day trading is something like gambling. and every day Traders always get panic because there intentions of holding investment for some hour's or a day. must of the time day Traders face loss. all day Traders think thereself smart and they think there prediction is right and after bought any token they predicted, price of that coin will increase or decrease but it will follow there entry. must of the day Traders choice future trading for quick profit. but they loss and loss and also face liquidation many time. but they not stop trading. day Traders is like gambling addicted

[Strongkored]

Day trading is something like gambling. and every day Traders always get panic because there intentions of holding investment for some hour's or a day. must of the time day Traders face loss. all day Traders think thereself smart and they think there prediction is right and after bought any token they predicted, price of that coin will increase or decrease but it will follow there entry. must of the day Traders choice future trading for quick profit. but they loss and loss and also face liquidation many time. but they not stop trading. day Traders is like gambling addicted

Not entirely true, it is not day trading that makes trading like gambling but how we trade, for example trading without knowledge or just based on feeling.
Day trading is still trading but thinking that it will produce profit every day is wrong because there are times when traders will lose, the problem is which is more frequent, loss or profit, and losses will usually damage the trader's mentality so that can make the wrong decision, being a long-term holder is much better.

[GigaBit]

Some investors can easily accept trading. They may have more skills, but there are many investors who do not have sufficient knowledge about trading but they like to trade. For those investors, trading is not very effective. It is definitely important to gain knowledge about trading. Although it is easy for those who trade regularly but for those who are new to the trading world, doing any kind of trading can be dangerous. Trading should never be associated with emotions. It is definitely not easy to make money from trading.

I will not discourage those who want to trade, but if someone does not have proper knowledge, it is better not to day trade. We know that cryptocurrency is risky, but day trading is more risky. But those who understand the risk and gain sufficient knowledge trade can be very easy for them.

[CroverNo01]

Day trading is something like gambling. and every day Traders always get panic because there intentions of holding investment for some hour's or a day. must of the time day Traders face loss. all day Traders think thereself smart and they think there prediction is right and after bought any token they predicted, price of that coin will increase or decrease but it will follow there entry. must of the day Traders choice future trading for quick profit. but they loss and loss and also face liquidation many time. but they not stop trading. day Traders is like gambling addicted

Day trading is usually good for scalping. We test our strategy and principles in the market because we open day trading. There are people that understand how these day trading works effectively. They're scarce in numbers because they know what exactly what they're doing and not some random Traders that transformed day trading into gambling. They've no backup plan and open trade as if they've zero opportunities on opening a trading tomorrow. Day trading is optional based on your strategy, we choose if we want to trade daily or specified these charts for months.

[virasisog]

Day trading isn't for everyone only few could be successful on day trading specially in bear market it is hard to make profit when most of thw cryptos are dropping down.
It is hard to choose which one could go up in a short spam of time to make a quick profit and you should also consider the fee that would be cut to your trades.

[Adams0001]

Day trading isn't for everyone only few could be successful on day trading specially in bear market it is hard to make profit when most of thw cryptos are dropping down.
It is hard to choose which one could go up in a short spam of time to make a quick profit and you should also consider the fee that would be cut to your trades.

Trading is not for everyone, and even if you try, you will most likely lose money. Trading requires time, focus, and patience before you can achieve your goals. Anything that brings a lot of money will undoubtedly be difficult, but if you can pass all of the challenges and are willing to learn, you will become perfect and profit from it. Experienced traders are the ones who do day trading because you need to have the knowledge and experience to deal with the market. If you can't accept risks, you should stay away from trading. It's best to focus on regular investments because trading requires you to understand that you can lose your money at any time. You can claim that if you stake, you're guaranteed to win, which I think is lucky because you can forecast the market. However, if you want to be one of the lucky victors in the trading team, you must first gain knowledge and expertise before you can be among the lucky winners in the trading team.

[gunhell16]

If I base my answer only on the title, a trader cannot be called a trader if he is afraid of losing funds in trading. That's why there is BUY and SELL, where when selling that means there are only two reasons 1st is you take profit and 2nd is that they sold because the price of the coins they hold dropped even though they are losing.

That's why entering trading is like a job where you really should know the basics and what you should know in trading, particularly in the strategies that will be used as guidelines
in the analysis that we will do here if we enter being traders.