Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: BitMaxz on March 27, 2024, 08:37:24 PM
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
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The amount of people I have met that were amazing at trading daily is countless. All of them had one thing in common; a lot of studying and wisdom. Nobody that has no idea how to trade could just go in and make a lot of money, you need to be able to work hard to make that happen and that hard work starts with learning how to trade first. That may take a few months if you are already well versed with some of the subjects, or it could be a year, but eventually all of that has to be learned. If you start studying and learn, then eventually one day you will become a great day trader yourself.
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Personally, I do not prefer daily trading, but rather I prefer long-term trading. I also avoid trading in futures contracts because it is very risky.
As for your question, yes, there can be a day trader who makes a lot of profits, especially in a bullish market, but this requires a lot of experience and knowledge of the market, knowledge of the best times to buy and sell, and many other experiences that can come as a result of gaining more knowledge and experience.
My advice: If you do not have a lot of experience, it is better to remain a trader in the long term.
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There are many day traders who make profit by day trading, because they have deep knowledge of crypto market and great trading skills. I know a trader who has been day trading for many years and is a profitable trader. He always makes profit by trading in spot market. A trader must refrain from high risk things like futures trading to reduce risk, trading in the spot market with proper market analysis can make good profit but this requires sufficient knowledge of the market and follows proper money management.
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The amount of people I have met that were amazing at trading daily is countless. All of them had one thing in common; a lot of studying and wisdom. Nobody that has no idea how to trade could just go in and make a lot of money, you need to be able to work hard to make that happen and that hard work starts with learning how to trade first. That may take a few months if you are already well versed with some of the subjects, or it could be a year, but eventually all of that has to be learned. If you start studying and learn, then eventually one day you will become a great day trader yourself.
I'm studying every day and testing my skills and looking for other tools to help me improve like gekko and zenbot bots for back testing strategy and maybe going to use them to automate my trading and testing my strategies.
Personally, I do not prefer daily trading, but rather I prefer long-term trading. I also avoid trading in futures contracts because it is very risky.
As for your question, yes, there can be a day trader who makes a lot of profits, especially in a bullish market, but this requires a lot of experience and knowledge of the market, knowledge of the best times to buy and sell, and many other experiences that can come as a result of gaining more knowledge and experience.
My advice: If you do not have a lot of experience, it is better to remain a trader in the long term.
Well, I honestly want to be one of those who do day trading I see there is a potential in scalping during the day I just need to adjust the greediness and chase the losses.
I made a bit of profit in scalping in combination with stochastic RSI and volume. The only mistakes in my moves are chasing my losses and sometimes greediness and there are lots of indicators that help me to decide when to enter and when to exit.
A long term traders are investors who analyze the long-term chart, unlike a day trader.
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Personally, I do not prefer daily trading, but rather I prefer long-term trading. I also avoid trading in futures contracts because it is very risky.
When you open a position and the market goes in the opposite direction, you become a long-term trader, if it goes pretty deep, then you move to holders. ;)
It is much easier to trade when the market has a constant trend.
Anyone who has ever traded on Forex is well aware of day trading because long-term is almost impossible.
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What do you think is there a day trader who can make a good profit daily?
I personally don't do it consistently, I even tend to fail. :D :D :D
But I am sure that the failure I experienced was due to my own fault, not Day Tardes' fault. Because indeed, I don't think I'm ready to do day trading. too busy and not focused enough to do it. Meanwhile for day tardes. We should be able to focus more on several things.
including:
- monitor the market regularly every minute or at least in certain TF's
- Learn market analysis and appropriate charts
- Learn to determine what position to take, short or long.
- Take what coins, based on certain analysis both TA and FA
- and many more things which of course must be done so that the tardes day can be as optimal as possible.
But unfortunately, I failed, because my efforts weren't that big. ;D ;D
But, that doesn't mean there aren't any successful ones out there.
I have several friends or acquaintances who are more focused on day trades, with several trading methods. And it works so much. He was even so successful that he made day trading his full time daily job. I no longer work outside, because I really optimize my trading days.
I just think it would be very hard if I did it. Usually, the lack of bedtime or bedtime changes, because usually when I start going to work in the morning, he is just about to go to sleep. This may not be important for some people, but for me, I can't do it.
So, I really appreciate anyone who is successful in day trading. Because it's not really easy, I once tried it and it lasted less than 5
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Don't do something because you have seen someone on YouTube doing it successfully because most things on YouTube are fabricated and aren't always shown in their actual form or the way they are done in real life because a YouTuber isn't doing everything live and they upload edited videos and it's up to them about what they want us to see and what they don't want us to see.
You said that when you started practicing, you learned the ways how the market moves and you started making a profit, just because it wasn't a huge profit doesn't mean you were not getting success in it. Do you think every person, day trader or long-term trader, tends to get huge profits? No, but if you are at least earning some profit, you are doing great. You should keep learning and improving and over time, you will see your profits growing.
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Day trading is HARD. Especially if you're looking for great gains. You need a lot of research and need to have an in-depth market understanding.
It doesn't happen overnight. Successful day traders have a lot of practice and might even have a knack for knowing when to trade. But mostly it's endless research and market analysis. It's better to invest if you're new to the crypto space and still learning the ropes. You can also turn to licensed AI trading bots like r100k for maximum profits and minimal risks. As for day trading, if you really want to experiment with it, start small and keep learning
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There are many people who are successful with daily trading, once I talked to someone who did daily trading, he said that if you trade a small amount for daily trading, it is a big loss because the profit you get will not be felt, so I concluded that we must have 1000-2000$ for daily trading, if it's only 100 -200 $ it's better for the long term unless 10 $/day is enough for you and that's difficult.
But behind their success, apart from capital, there is also accuracy in the mechanism for when to buy and sell, and the last thing is patience.
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Don't get jealous of other's profit in trading because it can only become a hindrance of your journey in trading. Instead, focus on yourself on how you become better than you are today. Make others achievement as your inspiration, don't compete others. If you can make it, this means that you are a disciplined person which is a very important attitude to succeed in trading.
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day trading is most risky thing in crypto industry and it cannot be learned in just a week so keep learning for months and then take a start with little amount and it is normal that in learning process you will loss huge part of your money.
At start everything seems as a hard thing but when you gain experience you will find it easy and your achievement will become possible but if you think that you will become an expert in just a week then it is not possible. Those who are experts and spend lots of years in trading can earn daily reward otherwise it is difficult for newbies to earn daily.
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I'm sure there are people who make a living from being a daily trader, but to be honest it's very difficult for me to implement. Maybe some people experience it easier to get money from there, but God is very fair. We were created to fill all existing lines of work, so that the world economy can run.
Daily traders have a high risk, to be able to bring home money every day, at least you have to win every day too. And saying something like "buy low, sell high" is just easy to say, hard to do. So, if you are interested in being a day trader, you can increase your experience, because you need to find a good feeling in that field.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
What do you think is there a day trader who can make a good profit daily?
You may set a too high target for taking profits. Or you use a too small funds. :D
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you feel hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.
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You may set a too high target for taking profits. Or you use a too small funds. :D
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you feel hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.
Daily trading it is very difficult to do, they have to have quite good skills in analyzing coins, because there are lots of coins that are trapped, in the morning the coin can have a high price even up to a 40% increase but after nightfall the price can fall to minus 50%, so you have to be careful when buying coins and make sure you avoid coins like that because they are very risky.
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You may set a too high target for taking profits. Or you use a too small funds. :D
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you feel hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.
It's all about knowledge and understanding and finding a suitable strategy. A person who gets into day trading needs to have ample knowledge about the market and different trading practices and techniques so that they don't face much issues, and apart from that, they will need to find a strategy that suites their calibre based on their investment amount and their risk appetite.
You can't get into trading, start buying and selling cryptocurrencies while having no knowledge at al all and expect to get a lot of profit because that's not how it works. You don't get profit by making trades based on your gut feelings or rumors that you hear from here and there.
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You may set a too high target for taking profits. Or you use a too small funds. :D
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you find it hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.
I don't target the take profit I usually set a stop loss at 1% in the entry point or it depends on the previous movement under the support and then when it's bullish and there is a continuous pump I manually set the SL below the current price at around 0.4% or 0.7% when it drops it would automatically exit my trade with the profit.
It seems that while monitoring them I learn that you always need to find the support and resistance so that you know where to entry. I think I'm improving but still, I can't catch the huge pump my stop loss and take profit is always triggered even if the price move is bouncing or a fake decline and miss the chance to take a huge profit.
I'm adjusting a bit my strategy currently I am using supertrend, stochastic RSI, and volume/MACD other trades do not have many indicators but since I'm new I am looking for indicators that are more comfortable to me.
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Daily trading is excited trading with profitable earn in short term, but most of daily trader has target to earn profit under 5% with top or potential altcoin. I doubt with profitable raise up to 20% with daily trading and most of trader for raising profit above 50% have take high risk by trading with meme coins or altcoin new listing on the market.
Interested with daily trading because for not stable financial earn profit every day and enough fund for their recovery, but if have stable financial better take long term trading with potential profitable earn above 100% exactly current moment when bitcoin pump drastically.
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What do you think is there a day trader who can make a good profit daily?
Yes, there are so many crypto day traders that make good profit on daily, weekly, and monthly basis. But, those day trader don't always make profit as sometimes there are days when they make some losses.
Ask any trader and they'll tell you that there are both profits and losses in life of a trader, and especially the rule highly applies to those who are day traders. I would consider myself as opportunistic trader because I only trade when I find good opportunity of profits, however there are traders who trade without caring much about opportunities.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
I am glad you made some profit even after bearing some loss, but I suggest you should stick to it, even if you are not making any huge profits like those YT dudes, I assumed you are a noob in compared to those YT dudes you are talking about if that's the case then bro everything has steps that we have to take. For example, you started day trading and made a lose, but then started to make a profit but lesser, you want to make huge profit, what if the next step on the ladder is huge profit from the step of ladder where you gave up (less profit).
I suggest you should keep moving, and be positive on this, profit is profit, if you are making then don't stop now, because with time and practise you would be able to make huge profits as well. One more thing, you said you learned Day trading via internet, can you share some useful resources for newbies like me so we could also learn. It would be a great addition in our knowledge. Thanks.
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Naturally, trading is very risky, and only those that risk it with a huge amount also get a huge profit, but that's also how much they can lose. While I was day trading, I can't say I was a successful day trader then because I can actually be in a huge profit today and the next day I might just end up losing everything I have earned the previous day. Although, as of then, I was trading sports and forex, this time around, I am only doing futures trading with BTC/USDT as my favorite pair, and I have not really experienced a huge loss. I don't day trade on futures; I can keep my trade running for a few days or even a week just on very low leverage.
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I suggest you should keep moving, and be positive on this, profit is profit, if you are making then don't stop now, because with time and practise you would be able to make huge profits as well. One more thing, you said you learned Day trading via internet, can you share some useful resources for newbies like me so we could also learn. It would be a great addition in our knowledge. Thanks.
I learn a lot from the link below and I only read the technical analysis.
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Once I learned from them I downloaded some simulators like "Stock Market Simulator Game" and "Learn Candlestick" You can find these apps on playstore just use these terms. The good thing about using this app you can learn easily about the candle stick and you can play live trading in crypto with paper money.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
There are very few people who successfully make day trading in cryptocurrency. I really like to go with trading and sometimes manage to make some money from trading. But I can't say for sure that I can earn by trading daily. Sometimes it is seen that after trading, if you want to trade again, you have to be in the middle of losses. Only those who are very experienced in trading and can make technical predictions can make money by day trading. If a man wants to earn money from tats daily he must gain a lot of experience about trading and work hard but he will be successful in daily trading.
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It's all about knowledge and understanding and finding a suitable strategy.
Agree. Success in trading is about good knowledge or skills besides having experience. Without these things, it is impossible to have proper strategy and be success in it. However, to have all of them requires serious effort and it may take a quite long time.
You can't get into trading, start buying and selling cryptocurrencies while having no knowledge at al all and expect to get a lot of profit because that's not how it works.
We call it 'gambling' if we trade without knowledge.
Sure, it won't work and probably hard to success in this way.
I don't target the take profit I usually set a stop loss at 1% in the entry point or it depends on the previous movement under the support and then when it's bullish and there is a continuous pump I manually set the SL below the current price at around 0.4% or 0.7% when it drops it would automatically exit my trade with the profit.
If you do day trading, I don't it is a must to set a stop loss. But it depends on your own strategy. If you feel comfortable with setting stop loss, it is no problem. Anyway, I always set for taking profits daily but if it fails, I sometimes prefer holding for few days.
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What do you think is there a day trader who can make a good profit daily?
There is risk in whatever thing that we do, its not about using a particular trading type that saves us from loosing money on trades, sometimes we need the reevaluation of our strength and weakness in any of the desired trading pattern we are are going for, even day trading can be as risky as any other types sometimes, but many seems to understand this method because they feels its more secured to use and achieve little within a day and also get positioned for the next day.
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It would depend on your style of trading because you can trade differently and expect different rates in your profit.
- Swing Traders
- Market Makers
- Algorithm Traders
These types are from what I can think of from the top of the dome. If you are a swing trader, you aim for longer hold in positions and wait for the market to give you the profit. Longer positions here.
Market makers would definitely be one of your styles if you want that "daily" type of thing.
Algorithm traders are the ones that uses bots to trade for them and chooses different strategies for different markets.
It's up to you to decide what type of trader you are. There are successful traders. You just need to know what type of trader you are.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Of course there is a large amount of people in cryptocurrency world who are doing day trading and if we look out closely then there are mostly user over doing short term trading rather than the long term holder or long term strategy trader.
But it is also true that most amount of people who face losses while doing trading these amount are also larger in short term or day trader. Because they trading is not for all it is for those people who know the fundamental analysis and obviously also the technical analysis rather than who will do they trading their might be more possibility of loss.
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What do you think is there a day trader who can make a good profit daily?
There are traders that makes money from trading, but such traders prefer to use high amount of money, using no leverage at all and also prefer not to start their trading with all their money but just little amount. They are very patient and not greedy. Some traders will start small, use high leverage and always lose. Using leverage is the reason some traders are losing. But it is advisable for a trader to use small amount of money until he becomes a better trader because as you said, trading is very risky.
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There are traders that makes money from trading, but such traders prefer to use high amount of money, using no leverage at all and also prefer not to start their trading with all their money but just little amount. They are very patient and not greedy. Some traders will start small, use high leverage and always lose. Using leverage is the reason some traders are losing. But it is advisable for a trader to use small amount of money until he becomes a better trader because as you said, trading is very risky.
Well, I'm sure that daily trading is successful, it can only be done by those who have a lot of capital and have very good analytical skills, but if there are no needs as I mentioned above then daily trading will be very difficult to do.
To be honest, until now I don't want to do daily trading anymore because the risks are too high.
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These types are from what I can think of from the top of the dome. If you are a swing trader, you aim for longer hold in positions and wait for the market to give you the profit. Longer positions here.
Market makers would definitely be one of your styles if you want that "daily" type of thing.
Algorithm traders are the ones that uses bots to trade for them and chooses different strategies for different markets.
It's up to you to decide what type of trader you are. There are successful traders. You just need to know what type of trader you are.
Market makers is what exactly I wanted to do but the sad part I almost lost around 15% of my capital pretty bad crypto is pretty hard to predict patterns do not work well and I noticed something that patterns are a signal for whales if you follow these strategies they are going to take you out on the market.
That is why they said you need reverse psychology in trading if you are not whales are going to take you down. Just Imagine I almost check the market daily for 15 hours check the market from time to time patterns give you possibilities but the result is different.
I don't know if these courses or guides on YouTube are true no live trading almost what I see on YouTube is back testing which means they already know what price after a few candles. What I want to see are traders who record their activity during their trading hours. How exactly are they made in day trading but it's rare.
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Well, I'm sure that daily trading is successful, it can only be done by those who have a lot of capital and have very good analytical skills, but if there are no needs as I mentioned above then daily trading will be very difficult to do.
To be honest, until now I don't want to do daily trading anymore because the risks are too high.
Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.
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Well, I'm sure that daily trading is successful, it can only be done by those who have a lot of capital and have very good analytical skills, but if there are no needs as I mentioned above then daily trading will be very difficult to do.
To be honest, until now I don't want to do daily trading anymore because the risks are too high.
Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.
Same here, i used to do scalping but still it was very stressful that i felt that my health is compromised that i decided to quit. They are right when they say that day trading is not for everybody because of certain factors that everybody won't possess. Maybe copy trading is a bit less stressful, i'll try to study this one and venture into it if the result of study is positive.
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There are many traders who usually do short range trading like he takes a trade and he has some profit in that trade and he immediately sells his coins and waits for trading on the next day. People who trade on a daily basis usually need to do a lot of market analysis. Those who have enough time and can devote enough time to monitoring the market charts and candles usually trade every day. By trading every day you will only make profit but sometimes your checking is wrong and because of that mistake you lose a lot of money. At that time when money is in loss but a trader must not sell his money at a loss rather he waits for some time until his loss is recovered. But if a Tedders can trade in the right way then he can definitely make profit by trading every day
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Being a day trader is never an easy task, it need more time and practices, so if you haven't gotten much experience I will advice you to stick with your spot trading. Because is more safer than using future trading and to avoid any form of liquidation. One thing about Spot trading, is that you can gain alot profits from it but it depends on the amount of money you are actually using to trade. And if you keep on focusing on others wins you won't be able to grow a good portfolio for yah self. Because you seeing others winnings via social media would bring the urge of you wanting to make it big pretty fast ( which is not how things work). You have to take your time and trust the process, and focus on minimising losses, because minimise loss = more wins = more profits.
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I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.
If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.
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I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.
If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.
The basic concept is that the risk of daily trading activities alone carries quite a large risk. Plus leverage makes the risk even greater. I always assume that adding leverage is adding risk to trading. One may be able to make huge profits from it, but remember the assets that are liquidated on Binance or on other futures trading platforms are victims who fail to overcome the magnitude of the risk.
I think there are those who live off profits from daily trading, and up to now perhaps the strategy they use is very good and highly disciplined so they can still make money even when the market crashes.
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There are people successful in trading. I mean, looking at those Elite traders on Bitget copy trading with huge profit but then this makes me think, is it possible to be like them?
Yes, it is very much possible. But there is a lot of hard work to put in there and a lot of patience to condole to get there or even get better than them
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Same here, i used to do scalping but still it was very stressful that i felt that my health is compromised that i decided to quit. They are right when they say that day trading is not for everybody because of certain factors that everybody won't possess. Maybe copy trading is a bit less stressful, i'll try to study this one and venture into it if the result of study is positive.
There will be stress in trading, I don't think copy trading will go beyond that. I also have no knowledge about copy trading, I can study it. But currently I am looking at long term trades and keeping all these things in mind as halving is coming, I am currently trying to keep more cash in my account to catch the right opportunity. So now I give more importance to investing compared to day trading, by doing this I am getting a lot of comfort in my health as well as mentally.
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Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.
If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.
I stopped on future trading I see huge potential to rich quickly but it depends on your technical analysis and strategy and you should know how to use leverage wisely if you only enter on the patterns with high probability you can increase leverage to higher but also take note of liquidity based on my experience if you don't manage the risk properly you can't make a good profit in trading and your account will end up liquidate for me, it's a real gamble if you enter in futures without deep technical analysis and strategy.
For now, stay on spot I see much potential in spot and the movement is not so sensitive compared on future trading.
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I stopped on future trading I see huge potential to rich quickly but it depends on your technical analysis and strategy and you should know how to use leverage wisely if you only enter on the patterns with high probability you can increase leverage to higher but also take note of liquidity based on my experience if you don't manage the risk properly you can't make a good profit in trading and your account will end up liquidate for me, it's a real gamble if you enter in futures without deep technical analysis and strategy.
It is better to use just 1 leverage if trading futures. Altcoins are dangerous and they have different volatility. Only technical analysis is not enough but also other strategies are important. My advise to future traders is that even if they can go down as low as 0.1 leverage, it is better because the lesser the risk.
For now, stay on spot I see much potential in spot and the movement is not so sensitive compared on future trading.
I think holding can be better. No stress but passive income if the market increases. No shitcoins needed.
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Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.
Day trading is risky and everyone should accept this fact but if someone don't learn to overcome their mistakes by thinking that trading is risky and loss is confirmed then they cannot get profit ever. Beside this risk there are lots of people who win their trade on daily basis and their losses are minimum.
People can just want to earn through day trading but they don't like to learn for it as a result of which they never earn according to their wishes. Skills and knowledge is must for trading and person should also familiar with technical analysis and should be capable of getting details from price chart.
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It is better to use just 1 leverage if trading futures. Altcoins are dangerous and they have different volatility. Only technical analysis is not enough but also other strategies are important. My advise to future traders is that even if they can go down as low as 0.1 leverage, it is better because the lesser the risk.
Futures very risky I stop unless if I have another capital I maybe try to play again on futures. I did lots of mistakes the ROE is too sensitive if you set it to high leverage and another thing is if you don't make profit in 50x or 100x you will lose in future fees makers and takers I tried 1x leverage I was just a bit confused I thought that if I set it to 1x leverage they don't give a loan but its different they don't have option to use only your own funds to set a short you still need to pay high fees.
I think holding can be better. No stress but passive income if the market increases. No shitcoins needed.
Yeah agree but we always miss some opportunities on ups and downs it needs a deep analysis with a good strategy you can make a bit of a percentage of profit.
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There are people successful in trading. I mean, looking at those Elite traders on Bitget copy trading with huge profit but then this makes me think, is it possible to be like them?
Yes, it is very much possible. But there is a lot of hard work to put in there and a lot of patience to condole to get there or even get better than them
As long as you can follow it well and can control your patience well, there is a possibility that you can get the same profit as the copy trading that you use, but remember that the capital you use may be very different so profits will depend on the capital used for trading.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
I also intend to spend more time becoming an intra-day trader: opening and closing orders within a day to get a good night's sleep instead of worrying about the investment even though I have placed a stop-loss order. Many intra-day traders are very successful thanks to their discipline, they manage their capital and psychology extremely well. During a bull run in the crypto market, their profits are not as large as those of long-term holders because the price of tokens can increase while they are sleeping and the market is open 24/7, but it is also very good and balance grows steadily over time. I think becoming an intra-day trader is a professional goal!
Some of the difficulties that I am also facing when trying to use a demo account to trade intra-day is that most indicators are only effective for the weekly timeframe, this is just my personal feeling, many other intra-day traders are still using them very effectively. At the same time, I also have to get used to the possibility of missing out on opportunities in the market in exchange for the safety of my investment capital, the feeling of regret can lead me to make unwise decisions the next day and lose money. Fortunately, everything is still only happening on the demo account, not affecting my DCA account.
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I also intend to spend more time becoming an intra-day trader: opening and closing orders within a day to get a good night's sleep instead of worrying about the investment even though I have placed a stop-loss order. Many intra-day traders are very successful thanks to their discipline, they manage their capital and psychology extremely well. During a bull run in the crypto market, their profits are not as large as those of long-term holders because the price of tokens can increase while they are sleeping and the market is open 24/7, but it is also very good and balance grows steadily over time. I think becoming an intra-day trader is a professional goal!
Some of the difficulties that I am also facing when trying to use a demo account to trade intra-day is that most indicators are only effective for the weekly timeframe, this is just my personal feeling, many other intra-day traders are still using them very effectively. At the same time, I also have to get used to the possibility of missing out on opportunities in the market in exchange for the safety of my investment capital, the feeling of regret can lead me to make unwise decisions the next day and lose money. Fortunately, everything is still only happening on the demo account, not affecting my DCA account.
I tried intraday it is extremely difficult but if you have a strategy and you are following the rules of managing the risk you can be successful in making a good profit than losing much in trading.
A sample strategy is by checking support and resistance by following the rules of opening a position short or long position you should only execute it when it touches to support or resistance zone and always put a 1 to 3 percent stop-loss to avoid losing much if your prediction is wrong. Don't repeat and don't chase wait for the opportunity for sudden changes on the trend and plan your another attempt once you succeed the next step is to secure your position and place the stop loss above your position to secure your profit and gradually adjust the SL until it hits your target, if not and it hits your SL you already secured the profit.
This is my current strategy it maybe not work for you but for me it works after losing much in trading I learned from my mistakes before.
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Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.
Day trading is risky and everyone should accept this fact but if someone don't learn to overcome their mistakes by thinking that trading is risky and loss is confirmed then they cannot get profit ever. Beside this risk there are lots of people who win their trade on daily basis and their losses are minimum.
People can just want to earn through day trading but they don't like to learn for it as a result of which they never earn according to their wishes. Skills and knowledge is must for trading and person should also familiar with technical analysis and should be capable of getting details from price chart.
Even after knowing the risks of day trading, traders come to day trading because there is a temptation to make easy money. Just as there are successful day traders I know, there are also many loser traders who have made huge losses through day trading. Now traders have become more aggressive in the hope of quick profit they want to do risky trading like futures trading, which leads a trader to huge losses. Trading is not an easy task it is highly professional's game here many experienced traders also lose money.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
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Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
Patience is the key you just need to wait for the opportunity before you entry and make sure to wait for double confirmation that you know if the price will go down or up. I'm not expert yet but I learn from my mistakes and I am trying to correct everything day trading only works on futures but not every day is always a win some days are lost but if you have proper risk management your loss should be less than the win.
Dca is always works if you know if the market is bullish but if not you would loss in the long run.
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What do you think is there a day trader who can make a good profit daily?
If you want to ask, is there any? So the answer must be there. because daily traders are still in business and the market is still very active with that. Whether it's daily trading on the spot market or future market. Of the many day traders, surely many of them also get profits, because that is why they have survived until now.
but if asked, did anyone lose? of course there are lots of them too. There is no guarantee that trading will always be profitable, no, there are also many losses.
But once again this will depend on how a day trader organizes himself in day trading activities, sets strategies, and carries out previous analysis. so at least you can really have a way to gain the profits regularly more than the losses.
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Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
No one can guarantee profits for coin price movements, it's not easy to predict, but what makes it easier for me is that I won't enter the market when the price is still high, I will enter the market and buy coins when there is bad news that makes the coin price go down and will sell it when the price goes up.
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For an experienced trader, scalping is a very good way to make some money. In futures trading scalping is a very way if you can control your greed. But it is not for beginner. It is very risky. Professional traders open many orders at the same time some for short-term and others for long duration.
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Either way of trading, we can all see that trading demands a commitment of patience which indeeds inquire when we are to start trading and when we are to stop. Doing the DCA is a patient options and Scalping is for tough hustlers, HODlers are just people who are savers.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
I had been a day trader in the past and I stopped being one cause it does not bring any profits for the efforts were are making and also the profit depends on your country's taxation policy towards crypto currencies, if they are asking taxes even for crypto to crypto trades then just forget about being a day trader cause the taxes will eat your profits and most of the time even your capital.
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I had been a day trader in the past and I stopped being one cause it does not bring any profits for the efforts were are making and also the profit depends on your country's taxation policy towards crypto currencies, if they are asking taxes even for crypto to crypto trades then just forget about being a day trader cause the taxes will eat your profits and most of the time even your capital.
Tax only apply in my experience when I made a profit and withdraw it from the exchange it does not apply on every trade.
Day trading is very difficult this is just based on my experienced you need to always check for the bigger picture or time frame before you enter the market into intraday because without checking the current trend including BTC as your indicator you won't success in trading also see stock market and dollar index and gold influence the price of BTC this is just my own experience for every day trading and also take note of other traders who actually looking for stop-loss I learn from my mistakes I didn't realize early but I did some experiment because the papermoney always gives me idea to but in live trading I experience most of my stoploss always hit by spikes.
That is why there is glassnode or coinglass for liquidation map to avoid those traders who hunt stop-loss.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Becoming a daily profit trader is not easy to do, and you know that you need someone who has a real understanding of trading, even the other uses of indicators when conducting trading activity.
Although there are others who become successful in their trading every day, that's why it's important to know something. Just do the daily trade in spot and not in futures because you can be rekt in an instant in futures trading.
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What do you think is there a day trader who can make a good profit daily?
I don't know if this is just me, but I think that traders aren't making profit on a daily basis.
What I think is that, they are making thousands of dollars in just a single trade or 2 trades, and that will be enough for them for a week. I mean they aren't making trades on a daily basis, but they are making 1-2 trades on a weekly basis, but those trades are giving huge profits for them. Of course that thousands of dollars that I said will only happen if you have tens of thousands of dollars in your trading account.
Like you, I also think that way, so I tried as well with futures trading, and I lost my money doing it. From there, I realized that expert traders might not be focusing on the number of trades, but the amount of profit that they can get in every trade. Quality over quality as they say. 1 trade with a profit of $1000 would be better than making 10 traders with lesser profit. More trades = more stress as well.
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I don't know if this is just me, but I think that traders aren't making profit on a daily basis.
What I think is that, they are making thousands of dollars in just a single trade or 2 trades, and that will be enough for them for a week. I mean they aren't making trades on a daily basis, but they are making 1-2 trades on a weekly basis, but those trades are giving huge profits for them. Of course that thousands of dollars that I said will only happen if you have tens of thousands of dollars in your trading account.
Like you, I also think that way, so I tried as well with futures trading, and I lost my money doing it. From there, I realized that expert traders might not be focusing on the number of trades, but the amount of profit that they can get in every trade. Quality over quality as they say. 1 trade with a profit of $1000 would be better than making 10 traders with lesser profit. More trades = more stress as well.
Yeah agree they have a specific amount target but I don't think all traders do 1 or 2 trades every single day. I saw live traders daily some of them did 1 to 3 trades a day and then stopped but only those who had a big capital would do that because I saw a daily trader who had good trading skills he consistently trading with 8 to 10 coins at the same time not all coins he trade are success but most of them are profit.
So maybe professional intraday have different ways to be profitable every single day.
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A lot of people I talk to about the current situation and trading, ends up saying that they grinded to be this good, because they were all not that very well back in the day. I understand that its not that simple to be a good trader, so you have to realize that its taking some time to get there, you can't be a good trader right away. I am not saying that its very difficult or its impossible, all I am saying is that it takes time. You have to study to become a good trader, and if you are a person who has no idea what bollinger band means, or what EMA is, and you want to trade? You will end up being quite upset.
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Just as there are successful day traders I know, there are also many loser traders who have made huge losses through day trading. Now traders have become more aggressive in the hope of quick profit they want to do risky trading like futures trading, which leads a trader to huge losses. Trading is not an easy task it is highly professional's game here many experienced traders also lose money.
All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Becoming a daily profit trader is not easy to do, and you know that you need someone who has a real understanding of trading, even the other uses of indicators when conducting trading activity.
Although there are others who become successful in their trading every day, that's why it's important to know something. Just do the daily trade in spot and not in futures because you can be rekt in an instant in futures trading.
It's true, doing daily trading will not be easy, sometimes market conditions do not match what we have analyzed using the various theories we have studied. Never trade futures because it is very dangerous, if you make a wrong prediction it will cause your assets to disappear instantly.
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All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.
Such mistakes are made by people entering the market, making a few trades, earning a few bucks, and thinking they have mastered it, and then they will make an investment in some shit coin or meme coin thinking they will earn a lot of profit shortly but they lose their money.
So, of course, trading isn't for the impatient and those who aren't knowledgeable enough about the market. Someone isn't supposed to rush into the market to start trading so that they can start earning money as quickly as possible because only those who take their time and enter the market after learning everything will get success in trading.
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Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
No one can guarantee profits for coin price movements, it's not easy to predict, but what makes it easier for me is that I won't enter the market when the price is still high, I will enter the market and buy coins when there is bad news that makes the coin price go down and will sell it when the price goes up.
A day trader is also known as a short term trader. A day trader must be more experienced than a typical or long term trader to make profit. He has to buy assets at a small margin and make profit by reselling those assets. When the market is bullish then any trader can easily make profit in the market but it is very difficult to gain profit by day trading during bearish time. Those who are day traders usually keep updates of the market. They do not underestimate any small event because the market depends on the financial, commercial or legal issues of the world leading countries world. Traders who make a profit from day trading must have more knowledge about the market.
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It's true, doing daily trading will not be easy, sometimes market conditions do not match what we have analyzed using the various theories we have studied. Never trade futures because it is very dangerous, if you make a wrong prediction it will cause your assets to disappear instantly.
Daily trading will increase the risk and your loss will become easier because the market changes regularly and all the time the market is not as affordable as we wish. We can just read the market chart but what will happen is not guaranteed by visualizing the market chart.
The future is highly risky and everyone should avoid this type of trading and if someone wants to take huge profit quickly from future trading then they must keep in mind that it can also be a cause of your poor financial status in future.
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It's true, doing daily trading will not be easy, sometimes market conditions do not match what we have analyzed using the various theories we have studied. Never trade futures because it is very dangerous, if you make a wrong prediction it will cause your assets to disappear instantly.
Daily trading will increase the risk and your loss will become easier because the market changes regularly and all the time the market is not as affordable as we wish. We can just read the market chart but what will happen is not guaranteed by visualizing the market chart.
The future is highly risky and everyone should avoid this type of trading and if someone wants to take huge profit quickly from future trading then they must keep in mind that it can also be a cause of your poor financial status in future.
This is why skills would really be that relevant if ever you would really be tending to deal up with the unpredictable space on more active manner because of that extreme volatility on which everyone is really that trying out to survive. If you are that someone who can be able to bare up with those movements and the risks involved then good for you but majority isnt someone who would really be able to bare up with the risks but instead they would really be that tending to make out some swing or trend kind of trades but of course it would really be just that depending on you since
not all would really be on such similar situation.
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I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading.
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.
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I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading.
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.
Not everyone can be successful when doing daily trading on the cryptocurrency market, those who do so sometimes accidentally manage to make a profit from some of the altcoins they distribute, so that potential profits will occur in every altcoin we buy. As long as we have a lot of capital, it will be easier to make a profit every day.
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I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading.
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.
Not everyone can be successful when doing daily trading on the cryptocurrency market, those who do so sometimes accidentally manage to make a profit from some of the altcoins they distribute, so that potential profits will occur in every altcoin we buy. As long as we have a lot of capital, it will be easier to make a profit every day.
I agree, capital is indeed a big factor when we trade crypto. Whether it's daily trading or long-term trading, because with large capital we can choose many coins that we buy. And the more coins we have, the potential profits we will get are also very large.
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I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading.
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.
Not everyone can be successful when doing daily trading on the cryptocurrency market, those who do so sometimes accidentally manage to make a profit from some of the altcoins they distribute, so that potential profits will occur in every altcoin we buy. As long as we have a lot of capital, it will be easier to make a profit every day.
True, not everyone is successful in day trading, but there are some of them who are truly successful, but maybe they don't openly show off what they do and what they get from the trades they make.
Professional traders usually tend to be closed from the public, because they enjoy what they get. Maybe there are some of them who show their success, but soon they will open classes that require paying if anyone wants to learn.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
It is not as easy to profit from cryptos by investing long term as it is to profit by day trading. Because all the coins in the crypto market are volatile every day, you cannot buy and sell any coin and make a profit every day. You need to learn market analysis to make profit by trading every day. and should have a long experience on trading. In all cases experience has a different benefit. no matter how good your skills are, if you don't have experience, you can't do well in day trading. Day trading needs to be done very carefully.
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This is why skills would really be that relevant if ever you would really be tending to deal up with the unpredictable space on more active manner because of that extreme volatility on which everyone is really that trying out to survive. If you are that someone who can be able to bare up with those movements and the risks involved then good for you but majority isnt someone who would really be able to bare up with the risks but instead they would really be that tending to make out some swing or trend kind of trades but of course it would really be just that depending on you since
not all would really be on such similar situation.
Only few individuals can cope up with such difficulties but everyone is not able to do so therefore the success rate will increase with your patience and skills but it does not mean that if you don't know about the skills then try again can make you successful.
Trading is not too easy and we should not consider everyone to be an expert of the market as going to be an expert needs lots of time, patience and skills. Trading is highly risky no matter what type of trading you are doing but every type will have their own risk so either invest or learn better about trading to take profit.
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This is why skills would really be that relevant if ever you would really be tending to deal up with the unpredictable space on more active manner because of that extreme volatility on which everyone is really that trying out to survive. If you are that someone who can be able to bare up with those movements and the risks involved then good for you but majority isnt someone who would really be able to bare up with the risks but instead they would really be that tending to make out some swing or trend kind of trades but of course it would really be just that depending on you since
not all would really be on such similar situation.
Only few individuals can cope up with such difficulties but everyone is not able to do so therefore the success rate will increase with your patience and skills but it does not mean that if you don't know about the skills then try again can make you successful.
Trading is not too easy and we should not consider everyone to be an expert of the market as going to be an expert needs lots of time, patience and skills. Trading is highly risky no matter what type of trading you are doing but every type will have their own risk so either invest or learn better about trading to take profit.
Trading depends on the method we use, when we apply the daily trading method, if we don't have much experience it will make it difficult for us to make a profit. But everything will be different when we trade with long-term methods. That way, I think the trading we do will be a little safer.
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Trading depends on the method we use, when we apply the daily trading method, if we don't have much experience it will make it difficult for us to make a profit. But everything will be different when we trade with long-term methods. That way, I think the trading we do will be a little safer.
The method of day trading or long-term trading depends on the ability to trade.
All types of trading in my opinion will be safe and profitable, but it depends on how someone masters the trading method used.
The day trading method is indeed faster and forces us to know how to analyze and understand market conditions, know when to enter and exit to make a profit.
I prefer day trading or scalping to make faster profits, but I also apply long-term trading or Hold some coins which is good for the long term.
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The day trading method is indeed faster and forces us to know how to analyze and understand market conditions, know when to enter and exit to make a profit.
Daily trading forces us to risk our assets every day, so for those who cannot analyze well, daily trading should start with trial money only, because I see many beginners fail to make a profit, forcing them to leave the crypto space early before explore many other things.
However, for those who are already skilled at trading, it is usually easier for them to make a profit, so sometimes we see them able to survive using the money they earn from trading.
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Daily trading forces us to risk our assets every day, so for those who cannot analyze well, daily trading should start with trial money only, because I see many beginners fail to make a profit, forcing them to leave the crypto space early before explore many other things.
In the end, many are trapped and lose money when day trading, even though it is very risky if you cannot read the market and cannot analyze, and also financial management also needs to be done properly and precisely.
Psychology will be more in play, if a beginner does this, I am sure they will experience panic when price predictions do not match.
However, for those who are already skilled at trading, it is usually easier for them to make a profit, so sometimes we see them able to survive using the money they earn from trading.
Those who are already professionals and understand how the crypto market works,
will only take advantage of rapid price fluctuations to take profits.
They also understand how to manage their money so that when the strategy does not work well,
there are still backup funds that can make things improve again.
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The day trading method is indeed faster and forces us to know how to analyze and understand market conditions, know when to enter and exit to make a profit.
Daily trading forces us to risk our assets every day, so for those who cannot analyze well, daily trading should start with trial money only, because I see many beginners fail to make a profit, forcing them to leave the crypto space early before explore many other things.
However, for those who are already skilled at trading, it is usually easier for them to make a profit, so sometimes we see them able to survive using the money they earn from trading.
Yup day trading Force our assets every day it is true and there is high risk here.Because of this, many avoid day trading and are more interested in long term investments. But if one has long trading experience then they can make good profit from day trading. there are many traders who are successful in day trading but not all are successful and not all fail. with luck and experience, many people are successful in day trading...
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Trading depends on the method we use, when we apply the daily trading method, if we don't have much experience it will make it difficult for us to make a profit. But everything will be different when we trade with long-term methods. That way, I think the trading we do will be a little safer.
Success is conditional on your experience if you are an experienced person then both short term and long term trading will be suitable for you and you will not think that they are risky because you will work accurately by utilising the strategies which helps in making money and getting rewarded.
If we enter into trading or Investment but do not know anything then it does not matter how safe it is but the thing which matters is your knowledge and experience. Every kind of trade becomes safe if you carry out with struggles and learning because it is not possible that you will trade or invest without knowledge and eventually you will become millionaires.
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It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience. ;D
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It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience. ;D
For someone whose really that planning to have that day to day profits with trading then this is something that wont really be that easy. Only to those day traders and scalpers are the ones who do have that opportunity on earning profits but of course not all would really be that able to have that kind of situation that you would be profitable. This is where those people who are really that good with their trading and not all would really be having on the same situation. There are ones who are really that profitable and there are ones who arent.
This is why they would really be tending to hold for long term instead on making that active trades.
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All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.
Such mistakes are made by people entering the market, making a few trades, earning a few bucks, and thinking they have mastered it, and then they will make an investment in some shit coin or meme coin thinking they will earn a lot of profit shortly but they lose their money.
So, of course, trading isn't for the impatient and those who aren't knowledgeable enough about the market. Someone isn't supposed to rush into the market to start trading so that they can start earning money as quickly as possible because only those who take their time and enter the market after learning everything will get success in trading.
Trading is a uncertain platform for earning. But more skills that can be acquired, the more success is possible. There are many people who prioritize investing more than acquiring trading skills, which can be a big mistake. Money alone is not enough for a trader to profit from trading. Without proper knowledge traders are more likely to make mistakes in trading. They may take wrong decisions especially in purchasing assets. I know a trader who didn't know much about trading but had a lot of money for investment. He invested in some altcoins to become profitable quickly which caused his investment to suffer massively. Later he left the trading platform. For a trader to be successful in trading, it is necessary to increase the scope of knowledge.
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Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
No one can guarantee profits for coin price movements, it's not easy to predict, but what makes it easier for me is that I won't enter the market when the price is still high, I will enter the market and buy coins when there is bad news that makes the coin price go down and will sell it when the price goes up.
A day trader is also known as a short term trader. A day trader must be more experienced than a typical or long term trader to make profit. He has to buy assets at a small margin and make profit by reselling those assets. When the market is bullish then any trader can easily make profit in the market but it is very difficult to gain profit by day trading during bearish time. Those who are day traders usually keep updates of the market. They do not underestimate any small event because the market depends on the financial, commercial or legal issues of the world leading countries world. Traders who make a profit from day trading must have more knowledge about the market.
Those who plan to trade in such a way that they will be satisfied with small profits and make multiple trades in a day if they can must be very careful. They have to keep an eye on every movement of the market and also understand what kind of support or resistance the market is creating at any position and then traders make trading decisions for short-term profit. People who have spare time usually do this kind of trading but the idea that you will make profit every day or you will make multiple profit every day in this kind of trading is wrong. Because many times there is some mistake in our prediction, as a result of which we see some amount of money loss after trading and we have to wait for some time to recover that loss.
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Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.
So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.
Patience is the key you just need to wait for the opportunity before you entry and make sure to wait for double confirmation that you know if the price will go down or up. I'm not expert yet but I learn from my mistakes and I am trying to correct everything day trading only works on futures but not every day is always a win some days are lost but if you have proper risk management your loss should be less than the win.
Dca is always works if you know if the market is bullish but if not you would loss in the long run.
True, but I guess another factor for me is time, I don't have a lot of it when I started trading and so I don't have the patience because I was always in a hurry to trade and that makes me lose money in the end. So at least for me trading might not fit my schedule, and I remember that I was about to buy a trading bot that time, but I hold that idea. Now I'm just doing DCA, it's easier for me, although again, I wouldn't say it's drawback, but you really need to be mentally tough and not be tempted to sell when you have fill your bags already and just wait for the right time to sell near top and you have to time the market as well.
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I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading.
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.
For those who have enough time and can devote enough time to trading, daily trading is definitely very effective. If time is given to trading every day and if trading is done by understanding the market properly then it is definitely possible to succeed from here. Trading every day means you have to be satisfied with small profit and every day you must have some target if that target is met on a particular day then you have to be satisfied with that much profit.
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It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience. ;D
Yes, because every day we have to go through these risks... so every day we have to present a strategy to maximize the opportunities that exist. We can make a profit every day because we are lucky, but no one knows about a bad day, it could be that our assets lose a lot in just one hit. Vice versa.
Day trading apart from having greater risks, it will also provide a more solid experience. You will be able to learn to face many conditions compared to long-term investments. And it all depends on your mentality, if you have a strong mentality, you will remain patient and steadfast in facing the losses that make you learn.
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Those who trade definitely get something good there. As there is risk here the possibility of loss is high. Those who are experienced can benefit from this. A day trader does not have to gain much momentum when the market is bullish because most of the coins increase in price at that time but day trading is very difficult for those who do day trading during bearish times. At that time loss is more likely than profit. I prefer holding than day trading . In case of holding there is no such problem. A holder can be relatively tension-free by holding only because he plans to hold it for a long time.
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Most of the successful traders are event traders, those who trade on specific events in specific projects. Day trader, I've never heard of anyone maintaining the day trade cycle in my network. On the forum as well most people don't claim to be the day traders, it's really hard to trade daily in every circumstance of the market and maintain the balance sheet and profitability.
At the same time, there's no headache in maintaining the profitability of trade in event trading, people don't like to get themselves into mess, haha shortcuts are always prfeered. Anyway event trading is not the shortcut but yup it save time and has its own pros.
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Those who trade definitely get something good there. As there is risk here the possibility of loss is high. Those who are experienced can benefit from this. A day trader does not have to gain much momentum when the market is bullish because most of the coins increase in price at that time but day trading is very difficult for those who do day trading during bearish times. At that time loss is more likely than profit. I prefer holding than day trading . In case of holding there is no such problem. A holder can be relatively tension-free by holding only because he plans to hold it for a long time.
True, it's not that like easy work to become a successful day trader or short-term trader. But still here have some people doing good profit from it we can see it if we visit the leader board on binance. When a person will go for short term trading then there will be always loss and profit together and short term trading need lots of technical analysis skill and that is why I always do long term trading with the dca strategy.
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True, it's not that like easy work to become a successful day trader or short-term trader. But still here have some people doing good profit from it we can see it if we visit the leader board on binance. When a person will go for short term trading then there will be always loss and profit together and short term trading need lots of technical analysis skill and that is why I always do long term trading with the dca strategy.
Everything will not be easy, including doing daily trading. requires very extensive knowledge to be able to successfully carry out daily trading, and even if we have very extensive experience that doesn't mean we will never experience losses.
We also need calm and we will get that when our mentality is well formed. Because here mentality is very necessary, both when we experience losses and when we gain profits.
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True, it's not that like easy work to become a successful day trader or short-term trader. But still here have some people doing good profit from it we can see it if we visit the leader board on binance. When a person will go for short term trading then there will be always loss and profit together and short term trading need lots of technical analysis skill and that is why I always do long term trading with the dca strategy.
Everything will not be easy, including doing daily trading. requires very extensive knowledge to be able to successfully carry out daily trading, and even if we have very extensive experience that doesn't mean we will never experience losses.
We also need calm and we will get that when our mentality is well formed. Because here mentality is very necessary, both when we experience losses and when we gain profits.
I have been opening myself a lot to the world of trading at all levels, I have to say that I find long-term and medium-term trading much easier, although lately I have been studying very short-term trading, 1 minute, and it seems to me that it is a very good trading that can turn out very well when we study it very thoroughly, that is something that is noticeable a mile away, of course I am a person who will always see this as the best way to make money but little by little, I Started with a good capital, not much but something good, but I made a mistake in an amount and lost around 12 dollars in a very foolish way, but well I think that is a normal mistake, and that was even though I did the demo mode.
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True, it's not that like easy work to become a successful day trader or short-term trader. But still here have some people doing good profit from it we can see it if we visit the leader board on binance. When a person will go for short term trading then there will be always loss and profit together and short term trading need lots of technical analysis skill and that is why I always do long term trading with the dca strategy.
Everything will not be easy, including doing daily trading. requires very extensive knowledge to be able to successfully carry out daily trading, and even if we have very extensive experience that doesn't mean we will never experience losses.
We also need calm and we will get that when our mentality is well formed. Because here mentality is very necessary, both when we experience losses and when we gain profits.
True. The starting trading when a trader set up his mind that even he is expert on this he can also face loss.
What do you think I have mention the binance leaderboard those are most profitable trader haven't face any loss in their life of trading?
The answer will be yes they also face loss trading but face loss in trading it doesn't mean that you are a unsuccessful traders I will say success depends on your learning if you learn from your mistake then you will be successful trader but if you don't learn from your mistake and repeating the mistake again and again then you will be failure on trading journey.
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Everything will not be easy, including doing daily trading. requires very extensive knowledge to be able to successfully carry out daily trading, and even if we have very extensive experience that doesn't mean we will never experience losses.
We also need calm and we will get that when our mentality is well formed. Because here mentality is very necessary, both when we experience losses and when we gain profits.
In trading not all easily such as long or short term trading, to find coins with potential profitable earn in short term very difficult exactly have small fund need waiting for longer time to earn profit. Mentality is most effort way in trading because many trader can't control their mentality for cut loss or hurry when entry on some coins, I think daily trading need hard work to find right coins with potential profitable earn few percent without waiting more than one week or change the trading way from short term to be long term.
Mood and mentality very require in trading because loss mentality and bad mood make us not excited keep find potential coins with short term trading duration.
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Everything will not be easy, including doing daily trading. requires very extensive knowledge to be able to successfully carry out daily trading, and even if we have very extensive experience that doesn't mean we will never experience losses.
We also need calm and we will get that when our mentality is well formed. Because here mentality is very necessary, both when we experience losses and when we gain profits.
In trading not all easily such as long or short term trading, to find coins with potential profitable earn in short term very difficult exactly have small fund need waiting for longer time to earn profit. Mentality is most effort way in trading because many trader can't control their mentality for cut loss or hurry when entry on some coins, I think daily trading need hard work to find right coins with potential profitable earn few percent without waiting more than one week or change the trading way from short term to be long term.
Mood and mentality very require in trading because loss mentality and bad mood make us not excited keep find potential coins with short term trading duration.
You are right, we have to be in a good mood when trading, because if our mood is bad then it will affect the results of the analysis we do. It is better not to trade when we are not feeling well.
This is an external factor and even so it will influence us when trading. We must be able to make ourselves as comfortable as possible when trading, because that is one of the psychology of trading.
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day trading means short team trading. When you buy a coin with a 24-hour target and sell it at a profit, then you need to analyze it for a long time to see if there is any possibility of pumping that coin in the last 24 hours. If you can figure it out by analysis or prediction then you can profit by day training. Otherwise you may lose in day trading. But I would suggest to buy any coin with 24 hour target and not sell it at a loss and hold it till it turns profit. Then the possibility of loss in this case will be reduced a lot
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day trading means short team trading. When you buy a coin with a 24-hour target and sell it at a profit, then you need to analyze it for a long time to see if there is any possibility of pumping that coin in the last 24 hours. If you can figure it out by analysis or prediction then you can profit by day training. Otherwise you may lose in day trading. But I would suggest to buy any coin with 24 hour target and not sell it at a loss and hold it till it turns profit. Then the possibility of loss in this case will be reduced a lot
Day trading next to scalping is the hardest way of doing trading on which you would really be needing up that full time when it comes to engagement since you would really be needing up that kind of monitoring specially into your position. We do know that not all traders could really be able to deal up with this kind of trading and this is why others would be sticking with swings
and long term trades on which it isnt really that bad at all.
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day trading means short team trading. When you buy a coin with a 24-hour target and sell it at a profit, then you need to analyze it for a long time to see if there is any possibility of pumping that coin in the last 24 hours. If you can figure it out by analysis or prediction then you can profit by day training. Otherwise you may lose in day trading. But I would suggest to buy any coin with 24 hour target and not sell it at a loss and hold it till it turns profit. Then the possibility of loss in this case will be reduced a lot
Day trading next to scalping is the hardest way of doing trading on which you would really be needing up that full time when it comes to engagement since you would really be needing up that kind of monitoring specially into your position. We do know that not all traders could really be able to deal up with this kind of trading and this is why others would be sticking with swings
and long term trades on which it isnt really that bad at all.
Trading is adjusted to our ability to make analyzes and predictions, apart from that, do we really have time to monitor the market because trading requires focus, except for medium term trading. we can buy and set sell orders, if the price falls, we can hold. Because we understand that crypto's character is very volatile. I usually look at market volume before trading.
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You are right, we have to be in a good mood when trading, because if our mood is bad then it will affect the results of the analysis we do. It is better not to trade when we are not feeling well.
This is an external factor and even so it will influence us when trading. We must be able to make ourselves as comfortable as possible when trading, because that is one of the psychology of trading.
Mood has effects on your decision because you have to fully concentrate when you are involved in trading as your single mistake can drop your money to zero and if you are mentally disturbed then try to not do trading because trading requires your full attention.
If we are relaxed then we will think accurately and will utilize our knowledge to make a decision but if a trader is not relaxed then he will just make a decision without thinking about its accuracy. There are lots of people who are angry so when they trade they lose a large part of their money so it is important to not use your emotions while you are trading.
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Day trading next to scalping is the hardest way of doing trading on which you would really be needing up that full time when it comes to engagement since you would really be needing up that kind of monitoring specially into your position. We do know that not all traders could really be able to deal up with this kind of trading and this is why others would be sticking with swings
and long term trades on which it isnt really that bad at all.
Today bitcoin and altcoin price decreasing significant and its difficult for us how to earn much or consistent profit with daily or short term trading. Not easy for managing market crash and decreasing significant currently, need to spend few percent of capital when trading as short term strategies without spending all out our capital because market recently not stable yet and has potential will decreasing right now.
But if got loss moment with daily day trading we must hold it and become long term trading, actually is easy if has big capital and spending few percent every coins investing.
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You are right, we have to be in a good mood when trading, because if our mood is bad then it will affect the results of the analysis we do. It is better not to trade when we are not feeling well.
This is an external factor and even so it will influence us when trading. We must be able to make ourselves as comfortable as possible when trading, because that is one of the psychology of trading.
Mood has effects on your decision because you have to fully concentrate when you are involved in trading as your single mistake can drop your money to zero and if you are mentally disturbed then try to not do trading because trading requires your full attention.
If we are relaxed then we will think accurately and will utilize our knowledge to make a decision but if a trader is not relaxed then he will just make a decision without thinking about its accuracy. There are lots of people who are angry so when they trade they lose a large part of their money so it is important to not use your emotions while you are trading.
Yes, therefore we have to trade when we feel calm because it will be better when we do analysis. The calmer you are, the better it is to make our analysis even better to execute the market.
Don't be in a hurry when making decisions, indeed in trading we are required to be quick in making decisions, but this must also be done well and correctly. Don't let us want to be fast, but we don't pay attention to the aspects behind it.
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day trading means short team trading. When you buy a coin with a 24-hour target and sell it at a profit, then you need to analyze it for a long time to see if there is any possibility of pumping that coin in the last 24 hours. If you can figure it out by analysis or prediction then you can profit by day training. Otherwise you may lose in day trading. But I would suggest to buy any coin with 24 hour target and not sell it at a loss and hold it till it turns profit. Then the possibility of loss in this case will be reduced a lot
Day trading next to scalping is the hardest way of doing trading on which you would really be needing up that full time when it comes to engagement since you would really be needing up that kind of monitoring specially into your position. We do know that not all traders could really be able to deal up with this kind of trading and this is why others would be sticking with swings
and long term trades on which it isnt really that bad at all.
I am Currently studying a lot about this type of Scalping trading , or rather, Binary Options , but I have realized that there are many Occasions that are Fulfilled, such as graphic systems, patterns, everything tends to Repeat itself and that is something that Draws my attention a lot, there are operators who focus only on that and it is incredible, in the long term for me those things do not happen , there are certain behaviors that are prepared, but I consider that it is measured due to other metrics, also in the medium and long term there is a Reaction speed , on the Other hand in short-term trading it is Or it is not, you lose or win, and that isFast.
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What do you think is there a day trader who can make a good profit daily?
There are day traders who are able to see good opportunities and positions in the market and take quick profit in little that when you add them up together, it will add up to good amount.
For every kind and aspect of trading, there are traders in those Fields who are doing very well even if it is uncommon for people to do well there, this is one knowledge that you should just possess.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
To be successful in day trading, you must have a lot of knowledge about technical analysis and fundamental analysis. Many times it is seen that professional traders also suffer losses while trading. So start day trading keeping in mind the loss. And of course start with small amount. And using day trading can be used to gain profit. In some cases, the total profit of day trading is more profitable than long-term trading but need the proper knowledge to gain this success.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Hey dude you just spent only 1week for day trading. Stay cool and give more time on it. By day trading it is really possible to manage life and it is also possible to earn huge profits through it. But in the case of day trading, just as there is a possibility of profit, there is also a risk of loss. Nowadays, trading is a full time job for many people. I would compare it more to web designers or web developers or graphics designers.
Just as they can earn by freelancing by using their skills, it is possible to earn by trading. But people think that they can get rich in a short time or earn a lot of profit in trading, it is a wrong idea. For example, to become a good web developer, you need to spend one to three years and learn about regular updates. Similarly, in the case of trading, you have to spend more than one to three years and also be aware of the new updates. Only then you can be successful in trading.
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You are right, we have to be in a good mood when trading, because if our mood is bad then it will affect the results of the analysis we do. It is better not to trade when we are not feeling well.
This is an external factor and even so it will influence us when trading. We must be able to make ourselves as comfortable as possible when trading, because that is one of the psychology of trading.
Mood has effects on your decision because you have to fully concentrate when you are involved in trading as your single mistake can drop your money to zero and if you are mentally disturbed then try to not do trading because trading requires your full attention.
If we are relaxed then we will think accurately and will utilize our knowledge to make a decision but if a trader is not relaxed then he will just make a decision without thinking about its accuracy. There are lots of people who are angry so when they trade they lose a large part of their money so it is important to not use your emotions while you are trading.
Yes, therefore we have to trade when we feel calm because it will be better when we do analysis. The calmer you are, the better it is to make our analysis even better to execute the market.
Don't be in a hurry when making decisions, indeed in trading we are required to be quick in making decisions, but this must also be done well and correctly. Don't let us want to be fast, but we don't pay attention to the aspects behind it.
The better a trader can analyze, his trading decisions will be better. That is, when a trader feels calm, he will be able to take the right decisions. In the case of trading, we often have to make quick decisions but we have to take care that those decisions are not wrong. And when a person is fit then he has no problem taking good decision. I took several trades where I had no good analysis which in turn increased my losses. There is no guarantee that I will be able to take good decisions in trading if I do good analysis with feeling claim but a trader can make better decisions if trading in a calm state.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Its not that easy to make a big profit from day trading unless you are taking high leverage or have a big investment. The bigger the capital will be the more will be the profit. You should not set your goals by seeing what others are making, although it's a good thing because you can compare yourself with there results to see if you are going well or if there is still room for growth, or if you are just at the top of it. You should make your own daily target and try to achieve it.
If you think 10 to 40 dollars are enough for you on a daily basis then just don't chase $100 profit just because some YouTuber you are following is making. most of these influencers don't show what's really been happening to them. They are also losing money and making money. They are not gods who are making profit all the time. They have to think which content to show to the public that they will appreciate so they just don't show there stupid trades and trades with loss.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Its not that easy to make a big profit from day trading unless you are taking high leverage or have a big investment. The bigger the capital will be the more will be the profit. You should not set your goals by seeing what others are making, although it's a good thing because you can compare yourself with there results to see if you are going well or if there is still room for growth, or if you are just at the top of it. You should make your own daily target and try to achieve it.
If you think 10 to 40 dollars are enough for you on a daily basis then just don't chase $100 profit just because some YouTuber you are following is making. most of these influencers don't show what's really been happening to them. They are also losing money and making money. They are not gods who are making profit all the time. They have to think which content to show to the public that they will appreciate so they just don't show there stupid trades and trades with loss.
Takes a lot of skills to be a day trader though. Patience too. I think they can make good profits daily giving a good capital though
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Its not that easy to make a big profit from day trading unless you are taking high leverage or have a big investment. The bigger the capital will be the more will be the profit. You should not set your goals by seeing what others are making, although it's a good thing because you can compare yourself with there results to see if you are going well or if there is still room for growth, or if you are just at the top of it. You should make your own daily target and try to achieve it.
If you think 10 to 40 dollars are enough for you on a daily basis then just don't chase $100 profit just because some YouTuber you are following is making. most of these influencers don't show what's really been happening to them. They are also losing money and making money. They are not gods who are making profit all the time. They have to think which content to show to the public that they will appreciate so they just don't show there stupid trades and trades with loss.
Takes a lot of skills to be a day trader though. Patience too. I think they can make good profits daily giving a good capital though
Yeah but those skills is best with experience not just like listening to the mentorship program and enter a trade right after it. If we are doing like that, we are just wasting money. I believe that there successful ones but I don't if there are traders who can make money daily in trading. Yes, they can be winning consistently for 3 to 5 days but it's not forever, they will still lose no matter how good they are, and yet they still be called a successful trader.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
- Based on the correction that is happening in the market today, I think that even in futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
- Based on the correction that is happening in the market today, I think that even in futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
- Based on the correction that is happening in the market today, I think that even in futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
Trading basic ideas or on how its been done would really be always talking about buying low and selling high kind of concept, but on the moment that you would really be trying out to do such
thing into this market then it would really be that so hard on doing so because of the total unpredictability and randomness on which it would really be something that make you
boggled on every position that you are making considering that you would really be making that maximized profitability and this is why you would really be that mainly thinking
on how you would really be doing it well. As for success then this would really be something depending on how well you do make trades into this market.
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- Based on the correction that is happening in the market today, I think that even futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
The more there is a volatility in the crypto market, the more you have the money and also losing money but the disadvantage is less. If you have a good and functioning market, you can make a food amount of money from without because without it, you wouldn't be able to do much as profits is going to be minimal hiding and same way for person doing anything at all.
The loss is normal thing in the crypto space, you can't make profits just like that without risking something, there is risk ratio every where but it is just higher than each other but the risk must be okay enough to 3 times of what you are trying to get as profits.
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When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
What do you mean with market corrects? If you mean correction, sure we are better to hold if there is a correction. We don't need to panic and sell for losses. IMO, no one can always get profits in trading, whether they do daytrading or another type of trading. Crypto market sometimes becomes too difficult to predict, the trend in the market can change in a short time. So we may have no idea to avoid losses in certain condition. However, if we have good skills, we must get profits in other occasions. If we got losses today, we can get the profits again tomorrow. We must take the lessons from the losses, too. In this way, we must understand more about a better strategy to be used for our trading.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
- Based on the correction that is happening in the market today, I think that even in futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
I think you are referring to short day trading, and I do agree that it's really hard to profit from it, specially if you are a newbie as there are a lot of things that you need to learn in the beginning and you can even lose money. So it's not for everyone like you and me as well as I don't deal on this kind of trading. As far as market corrections though, again, if can either be a friend (for traders), or enemy (if we don't like to see our portfolio going down). And we have to accept this kind of corrections, it's part of the market and we will not go further if there are not corrections as it allow new players, new investors to get in the picture during this dip.
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When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
Getting daily profit from trading is not an easy task and for newbies it becomes more difficult therefore it is necessary to not be too busy in trading if you don't know the basics about trading and you are new in crypto trading because there is a chance that you will lose more if you trade without knowledge.
The market and its fluctuations are difficult to predict therefore make investment instead of trading if you don't want to lose more money and also don't forget that your patience will help you to get profit while investment so use your abilities instead of using your anger.
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When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
You are right but making profits is not only on buying when the market is having some corrections and holding till when it retraceses back uptrend because I know of so many people that constantly keep making money on a daily basis through there trading because in as much as the price keeps moving back and front is also given some good opportunities for people who understand trading to take advantage of it.
Though most of the people that complaints of loses on there trading are mostly those that focus on trading altcoins because I realized that majority of altcoins are not volatile as Bitcoin because is only on market fluctuations a trader can easily make profit but in a case were the price remains the same it becomes difficult.
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When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
Getting daily profit from trading is not an easy task and for newbies it becomes more difficult therefore it is necessary to not be too busy in trading if you don't know the basics about trading and you are new in crypto trading because there is a chance that you will lose more if you trade without knowledge.
The market and its fluctuations are difficult to predict therefore make investment instead of trading if you don't want to lose more money and also don't forget that your patience will help you to get profit while investment so use your abilities instead of using your anger.
Talking about whether it is easy or not to take advantage, in my opinion everything will not be easy, but with knowledge and experience it will take us one step further in being able to take advantage and get those profits.
Even those who are professionals don't have it easy and they also often experience losses, especially if they are beginners who don't fully know what market conditions are like. That would be much more difficult.
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When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
Getting daily profit from trading is not an easy task and for newbies it becomes more difficult therefore it is necessary to not be too busy in trading if you don't know the basics about trading and you are new in crypto trading because there is a chance that you will lose more if you trade without knowledge.
The market and its fluctuations are difficult to predict therefore make investment instead of trading if you don't want to lose more money and also don't forget that your patience will help you to get profit while investment so use your abilities instead of using your anger.
Talking about whether it is easy or not to take advantage, in my opinion everything will not be easy, but with knowledge and experience it will take us one step further in being able to take advantage and get those profits.
Even those who are professionals don't have it easy and they also often experience losses, especially if they are beginners who don't fully know what market conditions are like. That would be much more difficult.
Therefore we have to keep learning to find out something new. Don't ever feel like we can do everything. There are still many people out there who are richer from the Cryptocurrency trading they do, meaning they understand Cryptocurrency trading better than us. Unfortunately, sometimes many of those who are professionals when it comes to knowing good trading strategies do not provide this information for free. This is what ultimately makes it difficult for new traders to get rich quickly.
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Talking about whether it is easy or not to take advantage, in my opinion everything will not be easy, but with knowledge and experience it will take us one step further in being able to take advantage and get those profits.
Even those who are professionals don't have it easy and they also often experience losses, especially if they are beginners who don't fully know what market conditions are like. That would be much more difficult.
Therefore we have to keep learning to find out something new. Don't ever feel like we can do everything. There are still many people out there who are richer from the Cryptocurrency trading they do, meaning they understand Cryptocurrency trading better than us. Unfortunately, sometimes many of those who are professionals when it comes to knowing good trading strategies do not provide this information for free. This is what ultimately makes it difficult for new traders to get rich quickly.
That's right, never be satisfied with the knowledge we have, because knowledge is something that is unlimited, there will always be something new that we learn.
If someone is quickly satisfied with what they know, in my opinion that is precisely what will prevent them from being able to get any better. Currently, they may be people with extensive knowledge, but if they don't update it, they will be left behind in the future.
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Talking about whether it is easy or not to take advantage, in my opinion everything will not be easy, but with knowledge and experience it will take us one step further in being able to take advantage and get those profits.
Even those who are professionals don't have it easy and they also often experience losses, especially if they are beginners who don't fully know what market conditions are like. That would be much more difficult.
At first everything seems difficult but as the time goes there comes feasibility that results due to facing different conditions and different outcomes. Experienced traders also make some mistakes but the percentage of their false steps are lower as compared to their accurate step as they have experienced trading from the past and work for reducing their mistakes.
Beginners are not experienced but most of them have got knowledge to take profit from trading but knowledge will become stronger and will work more accurately if this knowledge comes into practice. Practicing again and again with little amount can be helpful for traders who have knowledge and are able to learn about their mistakes and then remember that their next step should be free of such mistakes.
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Of course, there are many experienced traders who always trade in profit and their losses are minimal. A lot of practice is required to get success from trading. I would suggest that your first trading should be of very small amount. Because it is very difficult in crypto and spot trading so you won't win very soon. You have to practice a lot day after day and waste some money.
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Talking about whether it is easy or not to take advantage, in my opinion everything will not be easy, but with knowledge and experience it will take us one step further in being able to take advantage and get those profits.
Even those who are professionals don't have it easy and they also often experience losses, especially if they are beginners who don't fully know what market conditions are like. That would be much more difficult.
At first everything seems difficult but as the time goes there comes feasibility that results due to facing different conditions and different outcomes. Experienced traders also make some mistakes but the percentage of their false steps are lower as compared to their accurate step as they have experienced trading from the past and work for reducing their mistakes.
Beginners are not experienced but most of them have got knowledge to take profit from trading but knowledge will become stronger and will work more accurately if this knowledge comes into practice. Practicing again and again with little amount can be helpful for traders who have knowledge and are able to learn about their mistakes and then remember that their next step should be free of such mistakes.
For beginners, they must be patient in going through the process they will go through, because it will be a long process and don't forget that they must always learn to make their knowledge wider.
Learning from previous mistakes will also really help them to be able to trade better. Don't let them be lazy to find out what mistakes made them lose, because if they do that they will never get better.
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For beginners, they must be patient in going through the process they will go through, because it will be a long process and don't forget that they must always learn to make their knowledge wider.
Learning from previous mistakes will also really help them to be able to trade better. Don't let them be lazy to find out what mistakes made them lose, because if they do that they will never get better.
Always learning and seeking experience and knowledge about trading is the best way to become a professional trader, this requires a process, especially for newbies, they have to learn a lot from mistakes so they don't repeat similar mistakes in the future.
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Always learning and seeking experience and knowledge about trading is the best way to become a professional trader, this requires a process, especially for newbies, they have to learn a lot from mistakes so they don't repeat similar mistakes in the future.
Most advanced traders have already learned a lot from their past mistakes and that's why those professional traders may not need to expand their knowledge any more when it comes to trading.
However, newbie traders and those who aren't at advance level should learn new things about trading each day to get better as traders. Newbies should learn from their own mistakes rather than copying advanced traders in order to be good at trading because without fixing their mistakes they can't be good traders.
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Always learning and seeking experience and knowledge about trading is the best way to become a professional trader, this requires a process, especially for newbies, they have to learn a lot from mistakes so they don't repeat similar mistakes in the future.
Most advanced traders have already learned a lot from their past mistakes and that's why those professional traders may not need to expand their knowledge any more when it comes to trading.
However, newbie traders and those who aren't at advance level should learn new things about trading each day to get better as traders. Newbies should learn from their own mistakes rather than copying advanced traders in order to be good at trading because without fixing their mistakes they can't be good traders.
yup that is right every successful person has the huge fail and Struggle histry .The more mistakes he makes and the more he loses, the more he can learn. And the more one learns something new, the more expert one becomes. We all know that trading is very risky and the number of successful persons here is very less. And those who are successful don't lack money, it's very easy for them to own billions of dollars in a very short period of time. But those who jump into trading without having good knowledge about trading and market they lose a lot of money and then they start calling trading is bad thing. because their experience was very bad.
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For beginners, they must be patient in going through the process they will go through, because it will be a long process and don't forget that they must always learn to make their knowledge wider.
Learning from previous mistakes will also really help them to be able to trade better. Don't let them be lazy to find out what mistakes made them lose, because if they do that they will never get better.
Always learning and seeking experience and knowledge about trading is the best way to become a professional trader, this requires a process, especially for newbies, they have to learn a lot from mistakes so they don't repeat similar mistakes in the future.
But sometimes many of them are lazy to learn and they also want an instant process, and when they experience a loss they will say something rash. Even though it is their own fault who do not want to find out in depth what trading is.
This is a basic problem that still occurs among beginners. They think that trading is easy, but it is not. In the end, some of them leave behind something they have only just learned about, and there are also those who want to learn to make themselves better.
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But sometimes many of them are lazy to learn and they also want an instant process, and when they experience a loss they will say something rash. Even though it is their own fault who do not want to find out in depth what trading is.
This is a basic problem that still occurs among beginners. They think that trading is easy, but it is not. In the end, some of them leave behind something they have only just learned about, and there are also those who want to learn to make themselves better.
One should be active in the learning process and if they are not giving any time for gaining knowledge then they have no right to say something bad about trading after facing loss. Trading is an instant money making process for only those who have a power of knowledge while the remaining traders who do not know about trading and have no time to learn can only lose instantly but cannot earn instantly.
Beginners have lack of knowledge therefore they make mistakes when they enter into the trading and other thing is that if they have no knowledge so they also don't know that emotions should be hidden while making decisions therefore they want to chase loss but due to lack of knowledge and increasing anger does not allow them to earn money.
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For beginners, they must be patient in going through the process they will go through, because it will be a long process and don't forget that they must always learn to make their knowledge wider.
Learning from previous mistakes will also really help them to be able to trade better. Don't let them be lazy to find out what mistakes made them lose, because if they do that they will never get better.
Always learning and seeking experience and knowledge about trading is the best way to become a professional trader, this requires a process, especially for newbies, they have to learn a lot from mistakes so they don't repeat similar mistakes in the future.
But sometimes many of them are lazy to learn and they also want an instant process, and when they experience a loss they will say something rash. Even though it is their own fault who do not want to find out in depth what trading is.
This is a basic problem that still occurs among beginners. They think that trading is easy, but it is not. In the end, some of them leave behind something they have only just learned about, and there are also those who want to learn to make themselves better.
Newbies always thinks trading is something that is easy and instance, they can get a profit easily, it is not that easy and they suffer losses. Traders need a process and must have experience and understanding there, for those who have a lot of time to learn they will become a professional trader.
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Newbies always thinks trading is something that is easy and instance, they can get a profit easily, it is not that easy and they suffer losses. Traders need a process and must have experience and understanding there, for those who have a lot of time to learn they will become a professional trader.
It's true, there are many cases where novice traders experience huge losses. That's because they don't want to learn first how to trade properly and correctly. Lack of understanding of the method of buying coins with the capital we use on the exchange is also an important factor in determining profits. or failures that we experience when trading. Don't be embarrassed or afraid to learn something new, especially when we use the money we have.
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If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.
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Newbies always thinks trading is something that is easy and instance, they can get a profit easily, it is not that easy and they suffer losses. Traders need a process and must have experience and understanding there, for those who have a lot of time to learn they will become a professional trader.
I dont blame newbies with such kind of mentality because majority of them do come through the back door and enjoy crypto for a season before they later see the real reality of crypto. Many of them don't buy coins or don't trade until they hear in the news or from there friend that crypto is pumping and they used this privilege to enter the market.
They don't learn in bull run because the market looks too simple to make money, they make hard money in beer market, the real ones will stay and the weak ones never comes back especially the ones that bought at the top and exit the market with loss.
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If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.
Trading sometimes depends on the time used to find out when price increases often occur, because we know that each country has different times. If you say you need time at night to get the opportunity to sell assets at high prices, many people buy at night. This is because in other countries it is morning when the whales have woken up from their sleep.
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Newbies always thinks trading is something that is easy and instance, they can get a profit easily, it is not that easy and they suffer losses. Traders need a process and must have experience and understanding there, for those who have a lot of time to learn they will become a professional trader.
I dont blame newbies with such kind of mentality because majority of them do come through the back door and enjoy crypto for a season before they later see the real reality of crypto. Many of them don't buy coins or don't trade until they hear in the news or from there friend that crypto is pumping and they used this privilege to enter the market.
They don't learn in bull run because the market looks too simple to make money, they make hard money in beer market, the real ones will stay and the weak ones never comes back especially the ones that bought at the top and exit the market with loss.
Yes, that's how newbies are, they only hear news from friends about profits. They don't study the character of the crypto market during bearish and bullish times, at least they follow crypto developments during a 4-year cycle, they will understand about crypto even if it's only one cycle. For those who have been investing in crypto for a long time and have more experience, they definitely have many considerations both as traders and as holders.
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Yes, that's how newbies are, they only hear news from friends about profits. They don't study the character of the crypto market during bearish and bullish times, at least they follow crypto developments during a 4-year cycle, they will understand about crypto even if it's only one cycle. For those who have been investing in crypto for a long time and have more experience, they definitely have many considerations both as traders and as holders.
4 years is the estimated time for the halving... and that template seems to be starting to not apply because we see a slight difference between the chart for the current period and the previous halving period... the point is that Bitcoin is not as easy as analyzing prices based on the halving moment alone... many media will be more influence and make the direction of Bitcoin price movements go in an unexpected direction.
People who are successful in trading are usually those who have been able to survive until now and remain consistent and highly disciplined. Meanwhile, people who are new usually experience failure because they are too influenced by emotions that are not stable enough. Easily influenced by FUD and FOMO is the reason some newbies fail in daily trading.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
I have observed that many inday traders are more successful than holders in the crypto market.
Unlike holders who continuously hold tokens for years due to their belief in the bright future of the asset, inday traders often focus on capital management skills. They always close orders at the end of the day to have a good night's sleep and maintain a positive and clear mental state. They may not achieve 1000% profit, but they always protect their capital to continue investing and learning from the market. I personally do not even consider holding to be a profession, while trading is a recognized profession in digital markets such as stocks and crypto.
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If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.
Trading sometimes depends on the time used to find out when price increases often occur, because we know that each country has different times. If you say you need time at night to get the opportunity to sell assets at high prices, many people buy at night. This is because in other countries it is morning when the whales have woken up from their sleep.
You are right most times it could be very difficult to tell and factor out price manipulation since various whales from different entities are also trading it could be very hard since most times when w1 is trading with different time zone at day time, while w2 is sleeping immediate after w1 closes, w2 could woke up to start their own price manipulations. The important could be one should be at alert to know when to enter the market being night or day time.
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If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.
Of course that's the thing about day trading because the best way to make a good profit if the market is on there favour is by using a large equity because on day trading the market fluctuations are mostly low compare to how it will move on weekly interval, so the traders will need uto se a large capital so that the little fluctuation that would occurs will be able to yield a good profits for them.
Funny enough in as much as day trading is very difficult but there are people who has build a career on day trading and they are making a lot of good profits on daily basis but sometimes the reason why majority of people failed is because they refuse to follow the due process by learning all that needs to be leaned before embarking on the trading journey.
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Being successful on trade is not about the particular trade we are into, but how we are able to understand doing the necessary things and going for the right one we know or understand best, trading has types and categories as well as how we can also interpret for anyone of them, this also tells more about how we are able to understand making trades with he type we go for in other to achieve a satisfied experience on it.
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Of course there is. I don't want to explain myself because it's clear that I'm not a day trader and I'm not successful.
However, there are some of my acquaintances who are really successful at day trading, especially since they play more in the future market.
But hang on, what are the standards for success? Is raising one's rank and creating sufficient wealth included? If yes, then I can say that there are, I have 3 acquaintances who can really change the lives of them, their families and the people around them. When I first worked for one of them, I was also taught how to do it, but basically I really wasn't able to do it.
However, their success was not achieved easily, their efforts were truly far above ours. It's like, when we sleep, they stay up late to trade, and when we start doing activities in the morning, they just go to sleep, and a few hours later they wake up to start analyzing the market and trading again. It's not easy. And they also don't always get profits, they often also lose, but the problem is that the profits they gain are many times greater than those they lose.
So in essence, whatever it is, if it is done with serious efforts, with serious workmanship and good management, as well as mature capabilities and knowledge, then that might be the path they choose to be successful. And everyone's path is different.
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I believe that if you know what you are doing, then you should be fine. But at the same time we are talking about a lot of people losing as well, so saying that you could make money from it, does not equal to you will make money from it. Reality is that there is a potential out there, and you may make that money, but you could also end up losing as well, so I am not entirely sure if that would be a good idea, we could totally end up on the wrong side as well. I do not want to encourage anyone to just go wild, the possibility is there, of course there are many people who make money, but it takes time and effort to be like that.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Why even bother though?
As far as I know, most day traders (on crypto or other markets) lose money in the mid to long run.
Predicting and riding longer-term trends is much easier and therefore more profitable.
I see most day traders as dopamine junkies, I don't think most of them are actually motivated by profit as much as they're motivated by chasing for the thrill.
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If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.
Of course that's the thing about day trading because the best way to make a good profit if the market is on there favour is by using a large equity because on day trading the market fluctuations are mostly low compare to how it will move on weekly interval, so the traders will need uto se a large capital so that the little fluctuation that would occurs will be able to yield a good profits for them.
Funny enough in as much as day trading is very difficult but there are people who has build a career on day trading and they are making a lot of good profits on daily basis but sometimes the reason why majority of people failed is because they refuse to follow the due process by learning all that needs to be leaned before embarking on the trading journey.
well I don't think is that very much easily on daily trading too because I know is somewhat difficulty as well since most people finds it very hard to cope with the stress instead lot of people preferred weekly trading with high leverage, those how trade on daily are actually doing scalping and they may not have enough profits as we may think if they don't have enough equity (funds) to buy huge and sell huge which reflects to their profits.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Why even bother though?
As far as I know, most day traders (on crypto or other markets) lose money in the mid to long run.
Predicting and riding longer-term trends is much easier and therefore more profitable.
I see most day traders as dopamine junkies, I don't think most of them are actually motivated by profit as much as they're motivated by chasing for the thrill.
I am also a daily trader, I am not after pleasure but am looking for profit even if it is only $10 every day, but this makes my assets increase. In investing I never chase pleasure or satisfaction but profits that can increase my assets. The current market conditions are quite good for trading, so I took advantage of that
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Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
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Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
Better wake up from your dream and face reality, how do you expect to start making huge profit instantly from day trading when you only started about few weeks ago? If making money was that easy from day trading, don't you think the market will by now, be saturated with traders, and there will alot of crypto millionaires already?
Understand that good things are not easy to get or achieve, becoming a good day trader is a skill that will last and serve you for your life time, but then, it requires great amount of time and practice to get close to being perfect in it, there are peeople who make up to, and more than $100 every day in profit through day trading, but they didn't just wake up one morning to start earning this much, it took them time, that is, years of practise, dedication and consistency.
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Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.
Gambling and Trading have different characters, Before traders make their choice, they must understand the differences between the two methods. Each has risks that must be faced properly. Trading we only need to buy cheap and sell at high prices. While gambling is the process of determining the price movement that will occur in the coin we choose. If we guess correctly, then the profit can be achieved. But when guessing wrong, all the capital we use will be lost instantly.
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Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.
Gambling and Trading have different characters, Before traders make their choice, they must understand the differences between the two methods. Each has risks that must be faced properly. Trading we only need to buy cheap and sell at high prices. While gambling is the process of determining the price movement that will occur in the coin we choose. If we guess correctly, then the profit can be achieved. But when guessing wrong, all the capital we use will be lost instantly.
I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
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I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
Daily trading is also not cheap, because I do it too. Because when we predict wrongly we will also be trapped in falling prices and if we sell we will experience a loss. The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
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Daily trading is also not cheap, because I do it too. Because when we predict wrongly we will also be trapped in falling prices and if we sell we will experience a loss. The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Not cheap? Do you mean daily trading must use big money? Can you explain it more clearly, friend. :-\
Well, it depends on you goal. If you want to get bigger amount of money, you surely need bigger funds. If you don't set a too high target for daily profits, you can do daily trading with the money below $500. I think with $300-$500, we can get some money.
It is very possible that we sometimes can make a wrong prediction. But we must learn some lessons from it, and we can make a bigger chance to make the right prediction in the future. That's why we must keep learning to make a better prediction.
Yes, if we are not sure with trading, we can choose a long term holding. But why not to learn trading, right? ;)
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I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.
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I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.
It all depends on what we can do and our skills in investing, if we have skills in daily trading we can do it. but some big investors only choose to hold for the long term to get profits in a 4 year cycle. They have large capital and are busy in real life so they don't do daily trading.
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I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.
It all depends on what we can do and our skills in investing, if we have skills in daily trading we can do it. but some big investors only choose to hold for the long term to get profits in a 4 year cycle. They have large capital and are busy in real life so they don't do daily trading.
Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.
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Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.
It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
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It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
If you only can trade at the weekend, it is no problem. It means you still have the time for trading although you can't trade every day. I also don't trade daily, I just trade when I think it is needed and it is a proper time. Sure, trading needs good skill in analysis, both market analysis and coin analysis. I also hold some coins for a long time, trading is just for an additional income in crypto business. I agree that holding for a long term will be more suitable for the people who are busy with the jobs in real life. I also have the same activities as you.
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It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
If you only can trade at the weekend, it is no problem. It means you still have the time for trading although you can't trade every day. I also don't trade daily, I just trade when I think it is needed and it is a proper time. Sure, trading needs good skill in analysis, both market analysis and coin analysis. I also hold some coins for a long time, trading is just for an additional income in crypto business. I agree that holding for a long term will be more suitable for the people who are busy with the jobs in real life. I also have the same activities as you.
Actually I also want to trade more often, but because of our busy real world, we can't do it. Trading requires focus and always monitoring the market. but by looking at market conditions that allow us to trade, we can also do it in our spare time when we are free. Honestly I want to focus on crypto, but circumstances don't allow it because my family needs my steady income in the real world.
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Actually I also want to trade more often, but because of our busy real world, we can't do it. Trading requires focus and always monitoring the market. but by looking at market conditions that allow us to trade, we can also do it in our spare time when we are free. Honestly I want to focus on crypto, but circumstances don't allow it because my family needs my steady income in the real world.
Trading on the weekend, does that mean you buy on Saturday, then you sell before Monday morning??? Does everyone think that trading will only be done once in a while within two days?? And that time is enough??
I am no longer active as a cryptocurrency trader at this time, and just like you, I only focus on holding... but when I focus on trading, I cannot base my decision making on a limited time of 2x24 hours only.... there is also a price focus that can be a sell target at a certain time frame... every moment must be monitored, at least in a day I am not far from the latest news portal and also notifications of coin price movements.
In my personal analysis, today's purchase could be sold four or five days in the future, so for five days I always monitor the price so that the chart movement is according to plan. And in my opinion, it cannot only be limited to the weekend...
it is possible if you are a trader in a shorter time, maybe a daily trader who sells in the next few hours..my guess is, you are a futures trader.
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Trading on the weekend, does that mean you buy on Saturday, then you sell before Monday morning??? Does everyone think that trading will only be done once in a while within two days?? And that time is enough??
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Actually, depending on what strategy is used for trading, there are short-term, medium-term and long-term (HOLDING) strategies.
There are also those who do swing trading by reading how the movement of the candle occurs. Buying on Saturday and selling on Monday morning, Friday or Saturday usually the crypto market does go down, this is what I observe all the time, and it does happen, but of course this also depends on how fundamental the market is.
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Actually I also want to trade more often, but because of our busy real world, we can't do it. Trading requires focus and always monitoring the market. but by looking at market conditions that allow us to trade, we can also do it in our spare time when we are free. Honestly I want to focus on crypto, but circumstances don't allow it because my family needs my steady income in the real world.
If you cannot give time to trading then don't trade because an active mind and studying price chart are very crucial for making revenue through trading and it can force you to leave other important activities of life due to which neither you will earn from trading nor you will have another job opportunity.
If you have knowledge, a desire and interest to trade and you know that you can win through trading then you should give some hours or one or two days in a week to trading as a result of which you will earn well from trading and your interest will also grow due to your accurate trading.
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Actually I also want to trade more often, but because of our busy real world, we can't do it. Trading requires focus and always monitoring the market. but by looking at market conditions that allow us to trade, we can also do it in our spare time when we are free. Honestly I want to focus on crypto, but circumstances don't allow it because my family needs my steady income in the real world.
If you cannot give time to trading then don't trade because an active mind and studying price chart are very crucial for making revenue through trading and it can force you to leave other important activities of life due to which neither you will earn from trading nor you will have another job opportunity.
If you have knowledge, a desire and interest to trade and you know that you can win through trading then you should give some hours or one or two days in a week to trading as a result of which you will earn well from trading and your interest will also grow due to your accurate trading.
Time management is something we must pay attention to if we are busy in the real world, don't let trading interfere with our activities and also if we want to trade we can do it as long as we can apply time management well.
But don't let it interfere with each other, for example because trading our real-world activities are disturbed and when we are active we cannot trade. As long as we can manage our time well, then anything can be done.
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Time management is something we must pay attention to if we are busy in the real world, don't let trading interfere with our activities and also if we want to trade we can do it as long as we can apply time management well.
But don't let it interfere with each other, for example because trading our real-world activities are disturbed and when we are active we cannot trade. As long as we can manage our time well, then anything can be done.
I agree that we should be able to manage our time for trading in crypto without disturbing our work in the real world. It will be difficult for us to do if we are really busy in the real world, but we can take advantage of the free time in between our busy schedules in the real world. I usually trade at night, because during the day I am busy in my office doing a lot of work.
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Time management is something we must pay attention to if we are busy in the real world, don't let trading interfere with our activities and also if we want to trade we can do it as long as we can apply time management well.
But don't let it interfere with each other, for example because trading our real-world activities are disturbed and when we are active we cannot trade. As long as we can manage our time well, then anything can be done.
I agree that we should be able to manage our time for trading in crypto without disturbing our work in the real world. It will be difficult for us to do if we are really busy in the real world, but we can take advantage of the free time in between our busy schedules in the real world. I usually trade at night, because during the day I am busy in my office doing a lot of work.
Time management would really be the key when it comes into this aspect on which on the time that you would really be finding yourself having that kind of interest on dealing up with trading or
making up some engagement with crypto market then it would really be just that right that you should really know on how to handle yourself specially that it is really that truly unpredictable.
There's no way that you could really be able to make yourself having that assurance that you would really be that profitable into it. There would really be those individuals who would really
be that thinking up positively until they would really be able to face up on how fierce this market is when it comes into this aspect.
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Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.
It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
There are many traders who are doing day trading successfully, but yes, day trading requires a lot of research because if you don't understand the movement of each coin, you can't buy the right coin and sell it again within 24 hours to make a profit. You have said a real thing like you we all are busy with different work crypto is not our profession so we don't get much time to do market analysis. Because of this, we have very few success stories in day trading. Those who choose trading as their profession and always do market research are successful. It is proven that the more time you spend on a subject, the better you become.
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Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.
It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
There are many traders who are doing day trading successfully, but yes, day trading requires a lot of research because if you don't understand the movement of each coin, you can't buy the right coin and sell it again within 24 hours to make a profit. You have said a real thing like you we all are busy with different work crypto is not our profession so we don't get much time to do market analysis. Because of this, we have very few success stories in day trading. Those who choose trading as their profession and always do market research are successful. It is proven that the more time you spend on a subject, the better you become.
If you don't have time to trade, you can hold long term or trade for medium terms. because this doesn't take up much time as long as you can understand the character of coins and the market. But if you are busy in the real world due to work, you should choose to hold for the long term.
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Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.
It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
There are many traders who are doing day trading successfully, but yes, day trading requires a lot of research because if you don't understand the movement of each coin, you can't buy the right coin and sell it again within 24 hours to make a profit. You have said a real thing like you we all are busy with different work crypto is not our profession so we don't get much time to do market analysis. Because of this, we have very few success stories in day trading. Those who choose trading as their profession and always do market research are successful. It is proven that the more time you spend on a subject, the better you become.
If you don't have time to trade, you can hold long term or trade for medium terms. because this doesn't take up much time as long as you can understand the character of coins and the market. But if you are busy in the real world due to work, you should choose to hold for the long term.
Yes there is need to hold though for those who do not have that time to go trade or involved themselves with any trades, naturally for one to trade it requires lot of technicalities and learning that is why you find many people talks about their lost due their not having patient to careful study the market. It's only those who are devoted could learned because Cryptocurrency requires learning and regular studying to know their way about the characteristics of the coin to trades.
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Crypto trading is a very difficult thing to do it takes experience for one to become successful in trading, a lot of people fail in crypto trading and they also lose a lot of money, some people start crypto trading with the intention of making millions but never did what some people fail to understand in crypto trading is that you need to learn it very well and give yourself time to grow in knowledge and experience of it.
When some people start trading and they lose one's they become discouraged and then they stop trading but that is not how it works some people started trading and failed but they continued and today they have made a lot of money from it.
There are people who are still making millions from crypto trading but this people has lost a lot of money but never gave up in trading they stayed and gained more knowledge and experience, I have a friend who is into crypto trading he went to learn it from someone for 2 to 3 months and then he started but when he started he started losing he lost a lot of money in trading at a time he wanted to give up but he continued and today he is making millions from it, trading is very technical and you need to be experienced in other to succeed in it.
Some people don't even learn it they just go into it thinking is very easy to do, you need someone who is so experienced to coach you.
Some people are still doing very well in crypto trading and making a lot of money but is very risky if you can't take the risk of losing your money then engage in Long term Bitcoin investment.
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Yes there is need to hold though for those who do not have that time to go trade or involved themselves with any trades, naturally for one to trade it requires lot of technicalities and learning that is why you find many people talks about their lost due their not having patient to careful study the market. It's only those who are devoted could learned because Cryptocurrency requires learning and regular studying to know their way about the characteristics of the coin to trades.
Sepeertin ha g many people say that trading needs experience and knowledge. The ability to manage emotions and always focus on monitoring market movements. This takes not short time, because the experience requires a long trip.
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There isnt a single day trader wich achieves 100% sucess, they make their bets all the time with tight stop loss. Day trading is very hard as any new can make crypto shake, and even without any news it mooves all day.
I had been able to do some trades in the past and it went amazing, into one single day i lost it all, the profit and the initial investment, soo the reward is good, but the risk is high, as low liquidity for almost all coins even Bitcoin.
My sugestion is unless you have high capital and high control over emotions to stay away from trading, better spot buy and sell when the moment comes... right now the market is giving a lot coin with a lot discount...HOLD.
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There isnt a single day trader wich achieves 100% sucess, they make their bets all the time with tight stop loss. Day trading is very hard as any new can make crypto shake, and even without any news it mooves all day.
I had been able to do some trades in the past and it went amazing, into one single day i lost it all, the profit and the initial investment, soo the reward is good, but the risk is high, as low liquidity for almost all coins even Bitcoin.
My sugestion is unless you have high capital and high control over emotions to stay away from trading, better spot buy and sell when the moment comes... right now the market is giving a lot coin with a lot discount...HOLD.
I have benefited in one day in trading, but I have also lost many in one day. This is reasonable in trade. Nobody can always win and make a profit. Sometimes we will also be wrong predictions and loss.
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There isnt a single day trader wich achieves 100% sucess, they make their bets all the time with tight stop loss. Day trading is very hard as any new can make crypto shake, and even without any news it mooves all day.
I had been able to do some trades in the past and it went amazing, into one single day i lost it all, the profit and the initial investment, soo the reward is good, but the risk is high, as low liquidity for almost all coins even Bitcoin.
My sugestion is unless you have high capital and high control over emotions to stay away from trading, better spot buy and sell when the moment comes... right now the market is giving a lot coin with a lot discount...HOLD.
I have benefited in one day in trading, but I have also lost many in one day. This is reasonable in trade. Nobody can always win and make a profit. Sometimes we will also be wrong predictions and loss.
Profit and loss in trading is natural. Especially when we do daily trading, we will also face sudden events that do not match our predictions. A professional trader is always calm in facing all of that, because trading is about how to make a profit by managing our money and minimizing losses.
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It's like in my busy life with work so I don't have much time to trade, I prefer to be a holder. But on weekends I will trade because that is my free time while enjoying the holiday. Trading requires focus and takes time to carry out analysis and of course we must have knowledge and expertise.
If you only can trade at the weekend, it is no problem. It means you still have the time for trading although you can't trade every day. I also don't trade daily, I just trade when I think it is needed and it is a proper time. Sure, trading needs good skill in analysis, both market analysis and coin analysis. I also hold some coins for a long time, trading is just for an additional income in crypto business. I agree that holding for a long term will be more suitable for the people who are busy with the jobs in real life. I also have the same activities as you.
Trading is the best profitable site in cryptocurrency market. But if we don’t understand in trading, than it will be difficult for a trader. Because a successful trader can easily understand in cryptocurrency market. So when we should do the trade, we must be carefully. Because sometimes we will be going to wrong prediction, then we will be loss in trade. So i believe that we should be trade in proper time. Because i am also involved in trade and we got profit sometimes and also loss sometimes.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
You know, dude, if you are confident in what you are studying in crypto trading, you probably wouldn't talk like that, I'm sure. Maybe you still lack understanding in learning about trading using indicators that exist in trading. Though I know you are aware that trading is not easy to learn.
And we usually only argue with the actual analysis we do because it is very different when we do it ourselves from the actual activity on the exchange platform. Maybe you just continue studying trading; don't stop while you are doing trading activity. That's just what I'm doing, dude; at least I'm making a profit right now via trading in futures around 4$ and up depending on the price movement.
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And we usually only argue with the actual analysis we do because it is very different when we do it ourselves from the actual activity on the exchange platform. Maybe you just continue studying trading; don't stop while you are doing trading activity. That's just what I'm doing, dude; at least I'm making a profit right now via trading in futures around 4$ and up depending on the price movement.
I stopped doing it in a daily basis it is way more profitable if I wait for a better position or a bias position its high probability compared to without patience that is why other suggested to be patience because it is profitable and you can find a better position with high win rate. The result of my day trading is negative profit I think intaday is not mine thats why I change my plan and wait for a good opportunity to make sure I win more profit than losing.
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There isnt a single day trader wich achieves 100% sucess, they make their bets all the time with tight stop loss. Day trading is very hard as any new can make crypto shake, and even without any news it mooves all day.
I had been able to do some trades in the past and it went amazing, into one single day i lost it all, the profit and the initial investment, soo the reward is good, but the risk is high, as low liquidity for almost all coins even Bitcoin.
My sugestion is unless you have high capital and high control over emotions to stay away from trading, better spot buy and sell when the moment comes... right now the market is giving a lot coin with a lot discount...HOLD.
I have benefited in one day in trading, but I have also lost many in one day. This is reasonable in trade. Nobody can always win and make a profit. Sometimes we will also be wrong predictions and loss.
Profit and loss in trading is natural. Especially when we do daily trading, we will also face sudden events that do not match our predictions. A professional trader is always calm in facing all of that, because trading is about how to make a profit by managing our money and minimizing losses.
I think that is already given, I mean we will not win all the time. But at least with experience, we might have to learn how to mitigate or at least minimized the money that we are going to lose.
And there are ways for sure for traders here, for me personally, I do not trade already, way back I tried it, but it seems that I'm not good at it so I stop and just be a buyer and a long term holder.
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Trading is the best profitable site in cryptocurrency market. But if we don’t understand in trading, than it will be difficult for a trader. Because a successful trader can easily understand in cryptocurrency market. So when we should do the trade, we must be carefully. Because sometimes we will be going to wrong prediction, then we will be loss in trade. So i believe that we should be trade in proper time. Because i am also involved in trade and we got profit sometimes and also loss sometimes.
Trading looks easy and cheap for everyone to make money, you see a novice learn about trending lines and start making money in crypto as if they have been there for many years but the real battle begin when the bear market ensued where you don't see money again, where it becomes difficult for people to make free money because market volatility is always low.
To remain profitable in crypto trading, one must learn to understand trading fully to understand trading fully in both bear market and bull market, that's the only way you can enjoy trading and minimize loss.
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Trading is the best profitable site in cryptocurrency market. But if we don’t understand in trading, than it will be difficult for a trader. Because a successful trader can easily understand in cryptocurrency market. So when we should do the trade, we must be carefully. Because sometimes we will be going to wrong prediction, then we will be loss in trade. So i believe that we should be trade in proper time. Because i am also involved in trade and we got profit sometimes and also loss sometimes.
And that's what it's all about, because trading is about winning, losing, only we should have more profits than losses because if we have the opposite it's because we're doing everything wrong and we're seeing the market in the wrongest way possible, sometimes it's good that if we lose a lot, let some time pass, study why we lost and start again, because the market always gives good entry options, the market is benevolent it's a lie that the train passes and we don't catch it, no, that's worth it, in trading the train always passes, only we should know which train we're getting on, the right train.
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Trading is the best profitable site in cryptocurrency market. But if we don’t understand in trading, than it will be difficult for a trader. Because a successful trader can easily understand in cryptocurrency market. So when we should do the trade, we must be carefully. Because sometimes we will be going to wrong prediction, then we will be loss in trade. So i believe that we should be trade in proper time. Because i am also involved in trade and we got profit sometimes and also loss sometimes.
And that's what it's all about, because trading is about winning, losing, only we should have more profits than losses because if we have the opposite it's because we're doing everything wrong and we're seeing the market in the wrongest way possible, sometimes it's good that if we lose a lot, let some time pass, study why we lost and start again, because the market always gives good entry options, the market is benevolent it's a lie that the train passes and we don't catch it, no, that's worth it, in trading the train always passes, only we should know which train we're getting on, the right train.
In my opinion, trading is the ability to manage the assets we trade because sometimes we also experience defeat but with the experience we have, we must maximize our victory. Because the goal in trading is to gain profit. To gain experience we must always learn and of course it takes a long time.
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Trading is the best profitable site in cryptocurrency market. But if we don’t understand in trading, than it will be difficult for a trader. Because a successful trader can easily understand in cryptocurrency market. So when we should do the trade, we must be carefully. Because sometimes we will be going to wrong prediction, then we will be loss in trade. So i believe that we should be trade in proper time. Because i am also involved in trade and we got profit sometimes and also loss sometimes.
And that's what it's all about, because trading is about winning, losing, only we should have more profits than losses because if we have the opposite it's because we're doing everything wrong and we're seeing the market in the wrongest way possible, sometimes it's good that if we lose a lot, let some time pass, study why we lost and start again, because the market always gives good entry options, the market is benevolent it's a lie that the train passes and we don't catch it, no, that's worth it, in trading the train always passes, only we should know which train we're getting on, the right train.
In my opinion, trading is the ability to manage the assets we trade because sometimes we also experience defeat but with the experience we have, we must maximize our victory. Because the goal in trading is to gain profit. To gain experience we must always learn and of course it takes a long time.
Becoming a professional trader is not easy and takes a long time, where we must have the ability to analyze fundamental and technical and good strategies. And experience is needed in trading because the crypto market is difficult to predict, I also experienced a loss last week, but I had to change my strategy.
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In my opinion, trading is the ability to manage the assets we trade because sometimes we also experience defeat but with the experience we have, we must maximize our victory. Because the goal in trading is to gain profit. To gain experience we must always learn and of course it takes a long time.
That's right, I don't deny that there are many people who have a gift for trading, in an impressive way because they win, I don't know if it's a talent or not, I know what to call it, but I have seen that people always base themselves on that gift to win, I have a couple of friends who live off of that, of course when they lose money they lose a lot of money, but then they recover, I would like to reach that level, but I would have to dedicate myself day and night, at least for 1 month to gain that expertise, the problem is that as a head of the family I cannot afford that luxury.
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In my opinion, trading is the ability to manage the assets we trade because sometimes we also experience defeat but with the experience we have, we must maximize our victory. Because the goal in trading is to gain profit. To gain experience we must always learn and of course it takes a long time.
That's right, I don't deny that there are many people who have a gift for trading, in an impressive way because they win, I don't know if it's a talent or not, I know what to call it, but I have seen that people always base themselves on that gift to win, I have a couple of friends who live off of that, of course when they lose money they lose a lot of money, but then they recover, I would like to reach that level, but I would have to dedicate myself day and night, at least for 1 month to gain that expertise, the problem is that as a head of the family I cannot afford that luxury.
If you are not able to dedicate yourself to learning trading, you should do as much as you can or as much as possible according to what you can do. Because we also have to work in the real world to support our families. so don't force yourself to be a professional trader.
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In my opinion, trading is the ability to manage the assets we trade because sometimes we also experience defeat but with the experience we have, we must maximize our victory. Because the goal in trading is to gain profit. To gain experience we must always learn and of course it takes a long time.
That's right, I don't deny that there are many people who have a gift for trading, in an impressive way because they win, I don't know if it's a talent or not, I know what to call it, but I have seen that people always base themselves on that gift to win, I have a couple of friends who live off of that, of course when they lose money they lose a lot of money, but then they recover, I would like to reach that level, but I would have to dedicate myself day and night, at least for 1 month to gain that expertise, the problem is that as a head of the family I cannot afford that luxury.
If you are not able to dedicate yourself to learning trading, you should do as much as you can or as much as possible according to what you can do. Because we also have to work in the real world to support our families. so don't force yourself to be a professional trader.
trading is not a mandatory thing in the crypto world, because we can invest in crypto according to what we can afford. If we don't have much time to trade, we can choose to become a holder. We can also seek other benefits from bounty rewards and airdrops. Although trading seems to be the most widely used method by investors to gain consistent profits, either daily or weekly, we can only become long-term or medium-term holders.
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Becoming a professional trader is not easy and takes a long time, where we must have the ability to analyze fundamental and technical and good strategies. And experience is needed in trading because the crypto market is difficult to predict, I also experienced a loss last week, but I had to change my strategy.
Well, I have a very different perspective than others when they are called professional traders, for me a professional trader is when you handle a lot of money, like when you trade with a very large capital, in the order of $1M. For me that is a professional, because with any movement you win a lot or lose a lot, but having that level of expertise is something that I am always looking to do more, I establish many things to get there, knowledge, and above all, applying experience very well to win.
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I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.
What do you think is there a day trader who can make a good profit daily?
- Actually if it's just for my opinion, it's better if you do day trading on the spot if you know for yourself that you still lack knowledge of crypto trading in terms of understanding in reading the chart.
because you are right in what you also said that if you make a mistake in choosing your position, you can quickly face losses and wins if the position you make in futures is correct.
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- Actually if it's just for my opinion, it's better if you do day trading on the spot if you know for yourself that you still lack knowledge of crypto trading in terms of understanding in reading the chart.
because you are right in what you also said that if you make a mistake in choosing your position, you can quickly face losses and wins if the position you make in futures is correct.
Day trading in spot exchange does not work because not every day is bullish you need to be patient before you buy on the spot market we always wait for a dip or lower price to buy I don't take or buy when the price movement is in bullish. I only buy on bearish it does not always happen every day it sometimes happens more or less a week so you can't day trade on the spot unlike on futures where the PNL is too volatile you can make a profit in a very small movement the only problem is if you don't have knowledge about risk management you can't make a good profit in futures.
I sometimes do day trading in futures but I am more confident trading with patience on spot trading.
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- Actually if it's just for my opinion, it's better if you do day trading on the spot if you know for yourself that you still lack knowledge of crypto trading in terms of understanding in reading the chart.
because you are right in what you also said that if you make a mistake in choosing your position, you can quickly face losses and wins if the position you make in futures is correct.
Day trading in spot exchange does not work because not every day is bullish you need to be patient before you buy on the spot market we always wait for a dip or lower price to buy I don't take or buy when the price movement is in bullish. I only buy on bearish it does not always happen every day it sometimes happens more or less a week so you can't day trade on the spot unlike on futures where the PNL is too volatile you can make a profit in a very small movement the only problem is if you don't have knowledge about risk management you can't make a good profit in futures.
I sometimes do day trading in futures but I am more confident trading with patience on spot trading.
We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
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- Actually if it's just for my opinion, it's better if you do day trading on the spot if you know for yourself that you still lack knowledge of crypto trading in terms of understanding in reading the chart.
because you are right in what you also said that if you make a mistake in choosing your position, you can quickly face losses and wins if the position you make in futures is correct.
Day trading in spot exchange does not work because not every day is bullish you need to be patient before you buy on the spot market we always wait for a dip or lower price to buy I don't take or buy when the price movement is in bullish. I only buy on bearish it does not always happen every day it sometimes happens more or less a week so you can't day trade on the spot unlike on futures where the PNL is too volatile you can make a profit in a very small movement the only problem is if you don't have knowledge about risk management you can't make a good profit in futures.
I sometimes do day trading in futures but I am more confident trading with patience on spot trading.
We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
The chart and price movement are the same if you check the chart the only reasons futures are good in day trading it's because of the leverage where the PNL is very volatile and the thing is we can't trade on bearish when we are trading on spot unlike on the futures you can also open a selling position and make a profit even the market is in bearish that's the only advantage trading on futures and it's too risky if you don't have knowledge about risk management if you don't know where to exit or set a stop-loss then you will get liquidated and loss the whole capital that is the big difference compared to spot exchange.
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We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
I don't find many differences between Spot and Future. If there is any, it's just the ability to profit from a downtrend, which Spot cannot offer investors. Leverage on Future is only an option for those who have very good capital management skills.
A few traders I know still only use spot trading during the day: they look for upside opportunities in the market across many different pairs, enter orders and monitor fluctuations in small timeframes like 15m. They temporarily refuse to touch Future because leverage is always a double-edged sword.
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We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
I don't find many differences between Spot and Future. If there is any, it's just the ability to profit from a downtrend, which Spot cannot offer investors. Leverage on Future is only an option for those who have very good capital management skills.
A few traders I know still only use spot trading during the day: they look for upside opportunities in the market across many different pairs, enter orders and monitor fluctuations in small timeframes like 15m. They temporarily refuse to touch Future because leverage is always a double-edged sword.
Leverage on futures, very risky I have studied this feature for several months but I could not have a good intuition so I lost a lot at that time and I decided to stick to spot trading. Because trading ability depends on experience, expertise and comfort, honestly I am more comfortable using spot trading. Maybe those who are already professional in trading can use futures and get profit from there.
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We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
Spot trading is also available for daytrading. Why you claim spot isn't for daytrading?
The price change is also quite fast in spot market, I think there is no much different with future. But in spot, we are safer, we don't lose all money just in a single attempt. Mostly people only decrease their amount of money in spot trading. However, future trading isn't for any person, it is only for experienced person only.
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We do spot trading we should know that it is not for daily trading because the movement is not as fast as when we play in futures. I also do spot trading, buy and set sell orders and wait, this can last a day or two days or even a week our coins will be sold. but for me who do not have expertise in futures spot trading is my main choice.
Spot trading is also available for daytrading. Why you claim spot isn't for daytrading?
The price change is also quite fast in spot market, I think there is no much different with future. But in spot, we are safer, we don't lose all money just in a single attempt. Mostly people only decrease their amount of money in spot trading. However, future trading isn't for any person, it is only for experienced person only.
Some people choose sopt trading in their daily trading, I also often do it when the market is improving. If it's futures, I don't do it with that method anymore because I've experienced a lot of losses because I'm not an expert in futures trading. I try to adjust to the method that I can and have time to monitor. Sometimes I just buy and sell with a sell order according to my target.
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If you are not able to dedicate yourself to learning trading, you should do as much as you can or as much as possible according to what you can do. Because we also have to work in the real world to support our families. so don't force yourself to be a professional trader.
It is a fact that things are like this , I Personally would like to have the great wisdom to win all the time in trading, and have to say that I would quit any job Because I know that with trading I can live, and make money, that would be ideal , but it is something that I can not say yet , I am currently learning about how to trade futures, there are many fundamentals that exist , the patterns and those schemes that are chartists I realize that here in this type of trading they are fulfilled , because in the medium and long term I see that some Concepts of technical analysis fade away , but as it is a Trading that is so fast , I think that is how it moves.
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Some people choose sopt trading in their daily trading, I also often do it when the market is improving. If it's futures, I don't do it with that method anymore because I've experienced a lot of losses because I'm not an expert in futures trading. I try to adjust to the method that I can and have time to monitor. Sometimes I just buy and sell with a sell order according to my target.
For average traders, it is the right way to choose spot trading. It will be quite safe for them, but it also has the risk of losing money. But sure future is riskier, future is for professional traders only. What method to apply for monitoring the coins? I personally have no special method on monitoring the prices of coins. I usually monitor the price changes in Coinmarketcap. In my opinion, the main part in trading is to have the proper method in determining entry and exit time.
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Some people choose sopt trading in their daily trading, I also often do it when the market is improving. If it's futures, I don't do it with that method anymore because I've experienced a lot of losses because I'm not an expert in futures trading. I try to adjust to the method that I can and have time to monitor. Sometimes I just buy and sell with a sell order according to my target.
For average traders, it is the right way to choose spot trading. It will be quite safe for them, but it also has the risk of losing money. But sure future is riskier, future is for professional traders only. What method to apply for monitoring the coins? I personally have no special method on monitoring the prices of coins. I usually monitor the price changes in Coinmarketcap. In my opinion, the main part in trading is to have the proper method in determining entry and exit time.
I agree, the most appropriate method in trading is to be able to choose the right time for entry and exit, although it is very difficult to do. In trading we must have good skills, I prefer spot trading because honestly I am not very good at future trading. I often experience losses when trading with the future method, maybe because I am not a professional trader.
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Some people choose sopt trading in their daily trading, I also often do it when the market is improving. If it's futures, I don't do it with that method anymore because I've experienced a lot of losses because I'm not an expert in futures trading. I try to adjust to the method that I can and have time to monitor. Sometimes I just buy and sell with a sell order according to my target.
For average traders, it is the right way to choose spot trading. It will be quite safe for them, but it also has the risk of losing money. But sure future is riskier, future is for professional traders only. What method to apply for monitoring the coins? I personally have no special method on monitoring the prices of coins. I usually monitor the price changes in Coinmarketcap. In my opinion, the main part in trading is to have the proper method in determining entry and exit time.
I agree, the most appropriate method in trading is to be able to choose the right time for entry and exit, although it is very difficult to do. In trading we must have good skills, I prefer spot trading because honestly I am not very good at future trading. I often experience losses when trading with the future method, maybe because I am not a professional trader.
It is true that spot trading can be less risky for many traders, and more easily manageable for most traders compared to futures trading because you don’t have to worry about using leverage or holding any positions that you might need to keep for extended periods of time. Spot trading is easier because it does not employ the usage of leverage so you are able to center all your attention towards analysis of trends and when to enter or exit a trade.
Futures trading, is even riskier than options trading since even more leverage is used and this applies to profit as well as to the loss. Most traders consider futures trading as complicated particularly if they failed to study adequate good risk management strategies. If you are more familiar with spot trading that is alright because trading has to be something you feel comfortable with because trading is a tricky business and needs the right approach and set of skills to get the most profit.
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Some people choose sopt trading in their daily trading, I also often do it when the market is improving. If it's futures, I don't do it with that method anymore because I've experienced a lot of losses because I'm not an expert in futures trading. I try to adjust to the method that I can and have time to monitor. Sometimes I just buy and sell with a sell order according to my target.
For average traders, it is the right way to choose spot trading. It will be quite safe for them, but it also has the risk of losing money. But sure future is riskier, future is for professional traders only. What method to apply for monitoring the coins? I personally have no special method on monitoring the prices of coins. I usually monitor the price changes in Coinmarketcap. In my opinion, the main part in trading is to have the proper method in determining entry and exit time.
I agree, the most appropriate method in trading is to be able to choose the right time for entry and exit, although it is very difficult to do. In trading we must have good skills, I prefer spot trading because honestly I am not very good at future trading. I often experience losses when trading with the future method, maybe because I am not a professional trader.
It is true that spot trading can be less risky for many traders, and more easily manageable for most traders compared to futures trading because you don’t have to worry about using leverage or holding any positions that you might need to keep for extended periods of time. Spot trading is easier because it does not employ the usage of leverage so you are able to center all your attention towards analysis of trends and when to enter or exit a trade.
Futures trading, is even riskier than options trading since even more leverage is used and this applies to profit as well as to the loss. Most traders consider futures trading as complicated particularly if they failed to study adequate good risk management strategies. If you are more familiar with spot trading that is alright because trading has to be something you feel comfortable with because trading is a tricky business and needs the right approach and set of skills to get the most profit.
That's what I do. Futures are not for me either.I could just stop trading and just focus on my job earning few dollars an hour than losing in futures market. It would be a bigger mistake if I keep doing it. Just focus on what works for me and still got my job.
I couldn't make huge profit being a day trader actually. I tried doing it and I was just watching the market without doing anything instead as I couldn't figure when to buy and exit. It's easier to just wait for price to dip way low in bear market and buy.
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That's what I do. Futures are not for me either.I could just stop trading and just focus on my job earning few dollars an hour than losing in futures market. It would be a bigger mistake if I keep doing it. Just focus on what works for me and still got my job.
I couldn't make huge profit being a day trader actually. I tried doing it and I was just watching the market without doing anything instead as I couldn't figure when to buy and exit. It's easier to just wait for price to dip way low in bear market and buy.
I prefer to focus on spot trading, because maybe I am not an expert when doing future trading because the losses I suffer are more than the profits I get. When carrying out daily trading, adjust it to your abilities, because trading requires focus and skill in carrying it out.
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That's what I do. Futures are not for me either.I could just stop trading and just focus on my job earning few dollars an hour than losing in futures market. It would be a bigger mistake if I keep doing it. Just focus on what works for me and still got my job.
I couldn't make huge profit being a day trader actually. I tried doing it and I was just watching the market without doing anything instead as I couldn't figure when to buy and exit. It's easier to just wait for price to dip way low in bear market and buy.
I prefer to focus on spot trading, because maybe I am not an expert when doing future trading because the losses I suffer are more than the profits I get. When carrying out daily trading, adjust it to your abilities, because trading requires focus and skill in carrying it out.
There are many choices of methods that we can use in trading, I also study futures and this is what I think is the most difficult because my predictions often miss and I suffer losses, it is true what people say being a trader is not easy, I also focus more on spot trading and sometimes try swing, but it seems that what suits me is spot trading.
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There are many choices of methods that we can use in trading, I also study futures and this is what I think is the most difficult because my predictions often miss and I suffer losses, it is true what people say being a trader is not easy, I also focus more on spot trading and sometimes try swing, but it seems that what suits me is spot trading.
Spot trading is also a good method and if we focus on spot trading strategy we can get a lot of profit, but it depends on the size of our capital. I do future trading more often and get profit from this, because I do focus on future trading.
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There are many choices of methods that we can use in trading, I also study futures and this is what I think is the most difficult because my predictions often miss and I suffer losses, it is true what people say being a trader is not easy, I also focus more on spot trading and sometimes try swing, but it seems that what suits me is spot trading.
Spot trading is also a good method and if we focus on spot trading strategy we can get a lot of profit, but it depends on the size of our capital. I do future trading more often and get profit from this, because I do focus on future trading.
Well, I have seen that Spot trading gives a definite, good returns most of the time as long as we have capital to invest on, personally, futures trading presents more avenue to invest and with bigger returns. Consequently, the approaches to futures trading can unfold the outcomes of fast market movements to the optimum level.
Such operation puts into place measures that ensure consistency in this strategy so that we can learn and enhance the learning and longtime skills. The focus should be done on being disciplined, knowing risks and being prepared to deal with situations in the market to get the best outcomes.
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Well, I have seen that Spot trading gives a definite, good returns most of the time as long as we have capital to invest on, personally, futures trading presents more avenue to invest and with bigger returns. Consequently, the approaches to futures trading can unfold the outcomes of fast market movements to the optimum level.
Such operation puts into place measures that ensure consistency in this strategy so that we can learn and enhance the learning and longtime skills. The focus should be done on being disciplined, knowing risks and being prepared to deal with situations in the market to get the best outcomes.
in trading, choosing spot trading or futures according to our ability to make analysis and develop the right strategy, this is supported by experience. I don't have much experience in futures trading, so I prefer spot trading. because futures trading is very difficult for me and I have experienced defeat several times.
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in trading, choosing spot trading or futures according to our ability to make analysis and develop the right strategy, this is supported by experience. I don't have much experience in futures trading, so I prefer spot trading. because futures trading is very difficult for me and I have experienced defeat several times.
I agree with you, for me futures trading would have to be done in a demo mode, to see how I can operate properly, I prefer to make mistakes in demo mode than with real money, plus it is an advantage since in demo mode we take advantage of using the tools to set up an operation very well, if we make a mistake we put an operation with real money that implies losing money and that is what we want the least, plus that way we can apply the strategies that we know, but everything is always a risk that at some point if we want then we can assume it.