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Author Topic: Is there someone successful on day trading with crypto?  (Read 15530 times)

Offline BitMaxz

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Re: Is there someone successful on day trading with crypto?
« Reply #180 on: September 14, 2024, 08:34:10 PM »
           -       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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Re: Is there someone successful on day trading with crypto?
« Reply #180 on: September 14, 2024, 08:34:10 PM »

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Offline dekafee79

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Re: Is there someone successful on day trading with crypto?
« Reply #181 on: September 14, 2024, 10:28:54 PM »
           -       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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Re: Is there someone successful on day trading with crypto?
« Reply #181 on: September 14, 2024, 10:28:54 PM »

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Offline BitMaxz

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Re: Is there someone successful on day trading with crypto?
« Reply #182 on: September 14, 2024, 11:17:23 PM »
           -       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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Re: Is there someone successful on day trading with crypto?
« Reply #183 on: September 15, 2024, 09:06:23 AM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #184 on: September 15, 2024, 03:54:04 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #185 on: September 15, 2024, 10:39:25 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #186 on: September 16, 2024, 01:04:59 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #186 on: September 16, 2024, 01:04:59 PM »


Offline LUCKMCFLY

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Re: Is there someone successful on day trading with crypto?
« Reply #187 on: September 16, 2024, 09:04:56 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #188 on: September 21, 2024, 10:28:51 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #189 on: September 27, 2024, 12:14:28 PM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #190 on: September 29, 2024, 02:32:44 AM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #191 on: September 29, 2024, 05:58:55 AM »
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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Re: Is there someone successful on day trading with crypto?
« Reply #192 on: September 29, 2024, 07:02:05 AM »


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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Re: Is there someone successful on day trading with crypto?
« Reply #193 on: September 29, 2024, 09:11:55 AM »


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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Offline satpol_PP

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Re: Is there someone successful on day trading with crypto?
« Reply #194 on: October 03, 2024, 07:42:25 PM »

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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