Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: olivia on October 10, 2018, 04:23:05 PM
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Day trading is a good way to make a lot of money in the short term if you are not a long term holder. Although it does consume a lot of time and when I say a lot of time, I do mean a lot of time like a full time job. When I first started I underestimated how time consuming it would be and ended up going to bed at 3am in the morning. Day trading can make you a lot of money if you are prepared for it.
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I agree if daily trading is said to be more profitable. I often hold these types of altcoins to do this daily trade because of fluctuations in prices that are more visible. But we have to dedicate a lot of time to this daily trade. It doesn't matter if we have a lot of time to do that because the results we will get are very comparable.
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"Day trading is a good way to make a lot of money in the short term"
This only happens when you have a large bag where you can greatly benefit even from small market movement.
It is a good way to earn but it is also a good way to lose.
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Day trading is a good way to make a lot of money in the short term if you are not a long term holder. Although it does consume a lot of time and when I say a lot of time, I do mean a lot of time like a full time job. When I first started I underestimated how time consuming it would be and ended up going to bed at 3am in the morning. Day trading can make you a lot of money if you are prepared for it.
Yes, I agree with you, but you need to have good skills to determine the coin so you can buy at the low price. I also have the same experience as you, and I spend many times to learn and practice and it's though for me. But I am sure that with the good skills that we have, we can try to do day trading and make a lot of profit.
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To make money in day trading you need plenty volatility in the market. A stagnant market is no good.
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Day trading can be profitable if you have a decent bag. If not, you will only end up losing out on trading fees.
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I think daily trading is also good and also takes a lot of the time we need, so we will also get better benefits by doing one job at krypto. because seeing the development of krypto prices is also getting better.