Day trading strategies!

[Bobcrypto]

I bet anyone who are into crypto trading will be tempted by the potential profit making from day trading so what are the strategies that you were followed/following to mitigate the loss and maximize your profits.

I used to be actively trading in the past BTC against stablecoin pairs or the fiat because I can sell for a premium price on p2p platforms (I am talking about the age of LBC). Still, since these exchanges integrated p2p it's hard to make profits via day trading so I am just stuck with a long format and occasionally try day trading.

Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong. But we have day trading on coins/tokens pairs every day.
I like day trading and these are some of my strategies to winning trades,
1. Have a good capital: when you are trading as a Day trader, you need huge capital so that you can enter and exit a position with a little price move up.
2. Strictly follow the market trends for the day, know the resistance and support levels especially if you are using 1hour or below LTF(low Time Frames).
3. Reduce you emotions etc.

[Findingnemo]

Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong.

Atleast it used to be profitable in the days when I used to trade because not every country has friendly approach when it comes to crypto taxation so people will obviously choose p2p way for cashing out their crypto into fiat so they can hide the taxes or whatever the reason and also people used to pay better prices than the current market prices selling on traditional centralized exchanges while buying or selling that forces people to choose p2p day trading over the conventional trading but ofcourse everyone has their way of making profits.

[debra]

People do that diversification but is it really worth the risk?
I never thought that people made money consistently with those technique, it could be profitable at some instances but I think it's better to follow the elephant than bugs on a plain field cause it's so easier to spot which I am implying about Bitcoin.

Diversification is good, but it should be applied on shitcoins. We need to diversify our assets with some top coins. In this way, we can avoid the high risks on weak or random coins. But if we diversify it on random coins, I can agree that it is not worth to do. Anyway, Bitcoin should be still the main asset even if we want to diversify assets. I assume people who diversify their assets, they still have Bitcoin around 70% of their assets. This is a safe way to diversify about 30% only of our capital/funds.

[gunhell16]

I bet anyone who are into crypto trading will be tempted by the potential profit making from day trading so what are the strategies that you were followed/following to mitigate the loss and maximize your profits.

I used to be actively trading in the past BTC against stablecoin pairs or the fiat because I can sell for a premium price on p2p platforms (I am talking about the age of LBC). Still, since these exchanges integrated p2p it's hard to make profits via day trading so I am just stuck with a long format and occasionally try day trading.

Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong. But we have day trading on coins/tokens pairs every day.
I like day trading and these are some of my strategies to winning trades,
1. Have a good capital: when you are trading as a Day trader, you need huge capital so that you can enter and exit a position with a little price move up.
2. Strictly follow the market trends for the day, know the resistance and support levels especially if you are using 1hour or below LTF(low Time Frames).
3. Reduce you emotions etc.

Like you, I also do day trading, although I don't aim for a large amount of profit. Even if it's just a small profit, I'm fine with that, and I'll exit immediately for sure. I don't practice the greed to get into me; instead, I only implement the contentment, and that is good to train.

In addition to that, you must also be broad or deep in trading, and the most important thing of all, don't stop learning in trading because in the future that will give us passive income, believe me, as long as you don't be greedy.

[36B]

I bet anyone who are into crypto trading will be tempted by the potential profit making from day trading so what are the strategies that you were followed/following to mitigate the loss and maximize your profits.

I used to be actively trading in the past BTC against stablecoin pairs or the fiat because I can sell for a premium price on p2p platforms (I am talking about the age of LBC). Still, since these exchanges integrated p2p it's hard to make profits via day trading so I am just stuck with a long format and occasionally try day trading.

Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong. But we have day trading on coins/tokens pairs every day.
I like day trading and these are some of my strategies to winning trades,
1. Have a good capital: when you are trading as a Day trader, you need huge capital so that you can enter and exit a position with a little price move up.
2. Strictly follow the market trends for the day, know the resistance and support levels especially if you are using 1hour or below LTF(low Time Frames).
3. Reduce you emotions etc.

Like you, I also do day trading, although I don't aim for a large amount of profit. Even if it's just a small profit, I'm fine with that, and I'll exit immediately for sure. I don't practice the greed to get into me; instead, I only implement the contentment, and that is good to train.

In addition to that, you must also be broad or deep in trading, and the most important thing of all, don't stop learning in trading because in the future that will give us passive income, believe me, as long as you don't be greedy.

I think the ability to have emotional self control and/or realistic attitude while trading is the next step to ensure consistency and prevent stupid risks. Education and training is a long-term activity where if effort is sustained the returns are assured and steady. The primary possibilities in terms of learning and discipline ensures the future potential to obtain passive income, but, in return, would require you focus on risk management without being blinded by excessive desires.

[saprakib]

I bet anyone who are into crypto trading will be tempted by the potential profit making from day trading so what are the strategies that you were followed/following to mitigate the loss and maximize your profits.

I used to be actively trading in the past BTC against stablecoin pairs or the fiat because I can sell for a premium price on p2p platforms (I am talking about the age of LBC). Still, since these exchanges integrated p2p it's hard to make profits via day trading so I am just stuck with a long format and occasionally try day trading.

Normally, day trading on P2P market is not so popular, infact P2P day trading on some crypto exchanges may be a new  trend, I don't think people trade on that options as compared to other trading coins pairs, I may be wrong. But we have day trading on coins/tokens pairs every day.
I like day trading and these are some of my strategies to winning trades,
1. Have a good capital: when you are trading as a Day trader, you need huge capital so that you can enter and exit a position with a little price move up.
2. Strictly follow the market trends for the day, know the resistance and support levels especially if you are using 1hour or below LTF(low Time Frames).
3. Reduce you emotions etc.

Like you, I also do day trading, although I don't aim for a large amount of profit. Even if it's just a small profit, I'm fine with that, and I'll exit immediately for sure. I don't practice the greed to get into me; instead, I only implement the contentment, and that is good to train.

In addition to that, you must also be broad or deep in trading, and the most important thing of all, don't stop learning in trading because in the future that will give us passive income, believe me, as long as you don't be greedy.

Patience always pays you off. However it is always tough to earn from day trading. You need to have a good amount of fund if it small percentage of return it can makes you to give good return. Even if you loos a small percentage you may loose many. So before doing trade you need to learn more and more as you mentioned. However i don’t have much fund and also i don’t love to take huge risk so that i don’t do this kind of trade and also don’t suggest anyone to do that. On the hand if you are a professional trader surely you have enough market knowledge and it is really  helpful for you to do day trading. Remember market is always an uncertain are where you can loose your valuable money and also can earn huge money. So i also wanna increase you skill and learn more and more.