Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Hashogen on December 04, 2020, 05:56:17 AM
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It is enumerated that Day trading can be a highly profitable strategy, but there are a few things to consider before starting. Since day trading requires fast decision-making and quick execution, it can be highly stressful and very demanding. More over the Day trading can also be quite risky and requires a solid understanding of the market.
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Strategies to Success for Day Trading
Strategies to Success for Day Trading
It is enumerated that Day trading can be a highly profitable strategy, but there are a few things to consider before starting. Since day trading requires fast decision-making and quick execution, it can be highly stressful and very demanding. More over the Day trading can also be quite risky and requires a solid understanding of the market.
Which strategy is best for day trading?
Set Aside Time, Too
Start Small
Avoid Penny Stocks
Time Those Trades
Cut Losses with Limit Orders
Be Realistic About Profits
Stay Cool. There are times when the stock markets test your nerves
Stick to the Plan and successful traders have to move fast, but they don't have to think fast
Which crypto coins are best for day trading?
Ethereum (ETH) is better option. This asset is usually connected with a lot of good news, so traders can easily use it for day trading. ETH is listed on most exchanges, which means you can trade it anytime, anywhere. It has one of the best liquidity rates, and many traders consider ETH to be the best cryptocurrency for day trading.
More importantly the trading of crypto generally revolves around speculating on its price, rather than owning any of the actual coins. For this reason, brokers offering forex and CFDs are generally an easier introduction for beginners, than the alternative of buying real currency via an exchange.
Swing Trading
One can consider this as straightforward strategy simply requires vigilance. The idea is you keep a close eye out for a correction in a trend and then catch the ‘swing’ out of the correction and back into the trend. A correction is simply when candles or price bars overlap. You’ll find trending prices move quickly, but corrections, on the other hand, will not.
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I heard that it is better to work with long-term positions - it will be more promising. But I also agree that everything should be tried and it will be the right decision.
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I just think that those are potential and movement is so high i chose such type of coins for daily trading. I have make good profit by use the strategy. It is very easy to get more.
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First of all, it is not easy as it may look from the first sight. Trading cryptocurrencies requires a lot of understanding and knowledge. This market is a way different that traditional one. So I would recommend reading and watching a lot of videos before getting into it. This forum and Youtube will help us to improve from scratch to pro.
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First of all, it is not easy as it may look from the first sight. Trading cryptocurrencies requires a lot of understanding and knowledge. This market is a way different that traditional one. So I would recommend reading and watching a lot of videos before getting into it. This forum and Youtube will help us to improve from scratch to pro.
I believe it is easiest to learn the simplest method of day trading using the scalping strategy. You need to choose small time periods and make money on the difference in price. Of course, even this method needs to be learned, but for a beginner, this type of strategy is the easiest.
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If the market is busy, day trading is very profitable because of busy price movements. But if the market is quiet, long-term trading will be more profitable. And if we want to trade daily to get more profit, then the coin we choose must be right, in the sense that there are many coins that are traded. Because it can make prices go up and down quickly, and there we can benefit.
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In bull run session day trading is the most profitable. Here there is no specific trading strategy followed by me but i found some most tradable coins for day trading and try to buy lowest price of the day and sell when get some profit.
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Day trading is the only for top rankings coins . Actually I have an interesting strategies within two days trading. I already traded doge coins with a bumping rates and gained more than $2500 . what's a daily trading for me!!!
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Which strategy is best for day trading?
Set Aside Time, Too
Start Small
Avoid Penny Stocks
Time Those Trades
Cut Losses with Limit Orders
Be Realistic About Profits
Stay Cool. There are times when the stock markets test your nerves
Stick to the Plan and successful traders have to move fast, but they don't have to think fast
You have listed very good strategies to success to day trading; they are all pivotal and my addition is that you have to be consistent in your trading ability; you need to avoid greed and always take profit
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Day trading is the only for top rankings coins .
This is incorrect to me; every coin can be utilized for day trading; what matters is your trading capability, do you know how to trade efficiently and consistently? can you interpret trade charts correctly and make the best decisions always ?
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These are great recommendations, I also take into account my emotional state and try not to trade when I am busy with other things! Just be careful with risk management and accuracy!
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Before trading, you need to have a better understanding and knowledge of the cryptocurrency market. My daily trading strategy is to choose high potential coins. For example Ethereum. So far I have made a big profit with this strategy.
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Before trading, you need to have a better understanding and knowledge of the cryptocurrency market. My daily trading strategy is to choose high potential coins. For example Ethereum. So far I have made a big profit with this strategy.
Not only that, I think we should often read the latest information and news on the coins we are trading. because it greatly affects the increase or decrease in the price of a coin. for example, like xrp, just because the news the price can drop dramatically. as well as doge, who just got back up yesterday after a tweet from elon musk. Just because of a tweet from an influential person like him, the price of a coin could change very drastically.
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There may not be guide to success but there may be note to give you hint and tips to avoid multiple mistakes.
People should learn to accept that failure is also part to been successful person because you learn from the mistakes.
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The approach can be anything.
The main thing is that you understood it well.
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The approach can be anything.
The main thing is that you understood it well.
is that just like that? Trading is not only about buying and selling, people who are actually trading have a strong analysis and also need a lot of information from various things. those who work with trading as we work in the real world, we must always understand the slightest thing with our work.
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I thought this is a discussion about strategies from trading but at the bottom is a site endorse by OP btw this is very important thing to consider before trading choosing the correct strategy makes your trades more profitable than others.
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The Crypto currency market is quite well. At this moment Day trading will be more effective than long term. I just holding some coins and waif for some times that means if buy it morning then i sell it late night or next day.
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The Crypto currency market is quite well. At this moment Day trading will be more effective than long term. I just holding some coins and waif for some times that means if buy it morning then i sell it late night or next day.
Yes day trading is good. Traders get profit daily from it. Any traders can familiar with some unknown coins. I like day trading and long terms trading both.
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Well I think day trade isn't for new traders because it desires much skills knowledge, time and experience to be successful and not just that, you know new traders find it difficult to control their emotions when trading and this makes them not to take actions at the right time, so I think new trader's should go for long term and keep learning more about trading when there got good knowledge and skills there can now go in to day trade to avoid loss.
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Thank you so much for sharing a very helpful topic about Day trading with Us. As my my opinion Long time investment is best option for More profit, but need more patient for long time investment. So many trader choice day trading or Short time trading for making money. And i think your post will more helpful for Trading.
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Thank you so much for sharing a very helpful topic about Day trading with Us. As my my opinion Long time investment is best option for More profit, but need more patient for long time investment. So many trader choice day trading or Short time trading for making money. And i think your post will more helpful for Trading.
Yes, long-term investing takes patience, but I think it's worth it, because you just need to be patient without doing anything and watch the price of the coin you hold increases 10 times.
Instead of you doing day trading and don't understand how to do technical analysis, it's not the profit you will get but the loss, that's why I always give advice to play it safe but give maximum profit.
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Day trading takes more technical analysis and understanding the market, investing is safer. For nkn technical trader my opinion to choose stable coins, buy, and wait. Day traders generally have more experience in the market.
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Day trading takes more technical analysis and understanding the market, investing is safer. For nkn technical trader my opinion to choose stable coins, buy, and wait. Day traders generally have more experience in the market.
Of course, reading the chart is the foundation for a trader. But for every beginner who wants to learn how to trade, everyone offers a scalping strategy, which involves simply making a profit from the difference in price throughout the day. Of course, this takes a lot of time, but you can still handle it.
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The easiest day trading strategy is to buy the dip. You can use this strategy multiple times over the course of a day. It can be very profitable if you can take advantage of small price moves. It can be very dangerous for beginners who have just got into trading without proper knowledge and experience about this strategy. And it would help if you had a decent investment to execute it properly.
Many professionals and expert traders have been using this strategy and gaining a lot of profits. So, if you want to be successful, you have to spend a lot of time learning and gaining knowledge about it.
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The easiest day trading strategy is to buy the dip. You can use this strategy multiple times over the course of a day. It can be very profitable if you can take advantage of small price moves. It can be very dangerous for beginners who have just got into trading without proper knowledge and experience about this strategy. And it would help if you had a decent investment to execute it properly.
Day trading is not recommended for beginners, because day trading requires an understanding of risk management and good emotional management.
And the strategy of buying cheap and then selling expensive is easy to say, but very difficult to do if you don't know how to read market trends at that time, because if you make the wrong decision you will lose,
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Day trading is not recommended for beginners, because day trading requires an understanding of risk management and good emotional management.
Beginners can trade daily, the condition is that the coins purchased must be good coins. At least it is Bitcoin or Ethereum, the latter should always keep an eye on price changes in the market. It is difficult, but I think beginner traders can do just that.
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Beginners can trade daily, the condition is that the coins purchased must be good coins. At least it is Bitcoin or Ethereum, the latter should always keep an eye on price changes in the market. It is difficult, but I think beginner traders can do just that.
Yes, it can be done, but are you sure the percentage of success is large? I'm not sure, because if novice traders use the strategy as you say, I'm sure they will often lose, because they will always be confused and panicked when making decisions. Crypto prices are very volatile, so every possibility should be well anticipated before buying :)
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maybe each trader has their own tricks and tips in trading to achieve the maximum profit target , if i personally sometimes trader on coins that are dropping deep enough thats a good opportunity for us to buy but before buying we also pay attention to whether the coins proggress or not .
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My approach towards trading may differs from you in the sense that profits and loss will also has some differences.
Trading especially daily one requires very patience, time and how to exit stop loss in profit and loss.
Also, one shouldn't be greedy otherwise, you will end loosing profits and if care isn't taken, you will loose all. Believe me I have been there and it was a regrets.
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Now a lot of newcomers come to the cryptocurrency market who are trying to get their share of the profit from the big pie. But their mistake is to overestimate their capabilities and minimal experience. I believe that for such people, for a start, you can start teaching the simplest trading strategy, called scalping, which implies making a profit on the difference in the price of the respective cryptocurrencies throughout the day. Of course, you have to spend a lot of time.
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Day trading is very good and profitable but you'll need to learn good strategies so that you can avoid losing regularly. To earn a good profit from day trading we have to deal with volatile coins so that we can easily chase profits from panic sellers and buyers. But we have to be very careful because it's very risky!
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The main thing is to trade a certain session, to be focused on trading, to immediately identify interesting options for transactions, not to trade very much and turn off the monitors if you feel tired! Working on the charts only for your own pleasure and a little more rest, you will not earn all the money!
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First of all, it is not easy as it may look from the first sight. Trading cryptocurrencies requires a lot of understanding and knowledge. This market is a way different that traditional one. So I would recommend reading and watching a lot of videos before getting into it. This forum and Youtube will help us to improve from scratch to pro.
Yea, trading is always taff subject in any market that may be crypto and natural market. And day trading is also very risky but I'm not disagree with day trading. But there need huge experience and that can not be acquire by book. Anybody wants to gain from day trading? must have to work on field slowly with limited investment first and then have to for for big big investment.
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what to do is for traders to be patient while waiting for the value of the coins or tokens to be sold , if you want to focus on daily trading ,basically take the moment of scalping of the coins that are moving for daily profit.
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what to do is for traders to be patient while waiting for the value of the coins or tokens to be sold , if you want to focus on daily trading ,basically take the moment of scalping of the coins that are moving for daily profit.
Actually there is nothing easy here that we can do for day trading, because price changes are difficult for us to predict. But by knowing market conditions and understanding the coins we trade, it will make it easier for us to make a profit.
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The market situation like today is indeed easy to make a profit but it is also easy to lose if you cannot see the situation and market conditions. Due to unreasonable price changes, many people get profit, but many people lose too. The circulation of money in the crypto world is very fast and unlimited. Be careful
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I am a beginner trader and my best trading strategy for a deposit is to open a book and start reading the theory, look at the professionals and do not climb here with money for now! I have already merged 2 deposits, although they were not so big!