Day trading strategies!

[Findingnemo]

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.

[Crypto Library]

I don't do day trading basically but I think day trading is about taking more trades by claiming small profit without expecting much profit.  By doing this, as the amount of loss is reduced, taking more and more trades can make a good amount of profit at the end of the day. Although my suggestion is only for those who are new to trading analysis, those who have trading analysis skills must know where and how to take trades and can deliver good profits over time.

So if you have a little knowledge in trading analysis, then you can try trading as I said with a small amount initially.  I have seen this strategy work for many.

[_act_]

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.

You can not avoid the loss but you can make the profit to be more than the loss. But it is good to know that most traders are losing than making profit. Some people will trade only to regret as they later see it as gambling because of the risk involved. Although trading is not gambling but be very careful.

If you have $1000, do not use more than $100 to trade. That is 10%. You need to be disciplined. Overcome trading emotions. Learn about technical analyses. I believe you know about fundamental analyses. Do not use too much leverage.

[bettercrypto]

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.

Day trading is only applicable to well-experienced traders who have earned daily profit in the crypto industry. But for newbies, it is not suitable for them because they will only lose in the trading activity they will do for sure.

That's the only problem with other communities; even if they don't have experience in trading, they want to immediately experience and get profit from trading—those who are in a hurry and think it's really that easy, which is not the case.

[Vx1]

Actually, there is nothing easy in this crypto trading, be it daily trading or long-term trading.
However, if we decide to do daily trading, then we have to look for the most hyped coins that are most talked about by people.
We monitor the price movements of the coins, buy if you are sure and do not set too high a profit. Do it repeatedly, and choose coins that are being traded.

[Findingnemo]

Actually, there is nothing easy in this crypto trading, be it daily trading or long-term trading.
However, if we decide to do daily trading, then we have to look for the most hyped coins that are most talked about by people.
We monitor the price movements of the coins, buy if you are sure and do not set too high a profit. Do it repeatedly, and choose coins that are being traded.

This is also one of the most followed strategies by day traders, I don't think its less risky but it has potential to make money if we are picking the right coins.

It's fairly simple we have to look for the top 10 or 20 most profitable coin/tokens in the last 24hr or 7day time frame and pick few of them and bet our money which can pay a huge return or can be a complete bust so this is more risky but can be tried with anyone who has risk appetite to manage the loss.

[BitMaxz]

I've experienced day trading but the result is I end up losing my capital pretty fast I saw some people can make some profit daily the only indicators they use are VWAP and RSI but for them, they can make a profit using this indicator where they only enter once the price is oversold or overbought I tried their strategy and honestly the result in my case is not profitable. I am more confident in weekly analysis than intraday.

And take note intraday only works on futures if you are trying day trading on the spot the market is not always in a bull market.

Another strategy that I usually see in live trading and I already tested it are breakout strategy but first, you need to learn about breakout falls signal so that you can avoid those mistakes that I made before you need some double confirmation before opening a position.
If I were you try to do it first on the paper money on tradingview before you try this strategy on live trading because it's a bit risky I tried it without learning first I lose a lot than making a profit.

Check out this girl below who always do live on her YouTube she only use breakout strategy to all of her videos you can maybe get some ideas from her. It's a different language but I just watched her video even I don't know what she talking about just to get idea how breakout strategy works.
- [ Invalid YouTube link ]

[MrSpasybo]

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.

I greatly admire intraday traders. They possess exceptional technical analysis and capital management skills, allowing them to trade for a living with consistent profits and a steadily growing account regardless of market trends. They often stick to very simple trading methods, and the secret lies in discipline.

I also aspired to become a professional trader to engage in day trading, closing positions in the evening for a good night's sleep, as long as there are stable profits over time. However, I gradually realized that I lacked the time and focus to do so. Additionally, the market exhibits behaviors with cycles longer than a day, so I have shifted my focus to becoming a long-term holder and trading in 4-year cycles instead of 24 hours.

[Findingnemo]

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.

I greatly admire intraday traders. They possess exceptional technical analysis and capital management skills, allowing them to trade for a living with consistent profits and a steadily growing account regardless of market trends. They often stick to very simple trading methods, and the secret lies in discipline.

I also aspired to become a professional trader to engage in day trading, closing positions in the evening for a good night's sleep, as long as there are stable profits over time. However, I gradually realized that I lacked the time and focus to do so. Additionally, the market exhibits behaviors with cycles longer than a day, so I have shifted my focus to becoming a long-term holder and trading in 4-year cycles instead of 24 hours.

That's the perfect situation that every daytraders want to be but the reality suggests otherwise most day traders lose their capital than make any profits over time and it is happening due to multiple reason. And I will not say that people can succeed in living only with the money they make from day trading cause it's quite inconsistent and anyone who decides to pursue will be under tremendous pressure.

Day trading is suitable for holders to play their hands with their small portion of their capital and not suitable is for anyone who is desperate to make money and their only source is crypto trading.

[kulkhan]

Actually, there is nothing easy in this crypto trading, be it daily trading or long-term trading.
However, if we decide to do daily trading, then we have to look for the most hyped coins that are most talked about by people.
We monitor the price movements of the coins, buy if you are sure and do not set too high a profit. Do it repeatedly, and choose coins that are being traded.

Trading is very easy but profit from trading is very tuff i think. Many people trading for long time but they could not profit. For expert trader we need proper knowledge about trading. Even need proper knowledge anout that's coin/token. Then profit possible i think.

Day trading is also more risky. Because this short time trade could be long sometimes. I am studying about day yrade.

[Themepen]

I have same experience. Day trading can be tempting because of potential profits but it is important to have  plan to avoid losses and make most gains. For me it is essential to set clear goals manage risk and stay up to date with market trends. I also agree that peer to peer platforms on exchanges have made day trading less profitable.

Like you I now focus on long term investments and occasional day trading because it is hard to make consistent profits from day trading alone. It is crucial to adjust our strategies as crypto market changes.

[SmartGold01]

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.

In day trading you don't need to trade on long position because the more you remain online trading the more you lose, what happened is that you need to set out target I mean. The right time to enter the market it could be that your target per day should be at least 5-10$ and when this is achieved you can exit without trading more. There are people who don't have target on what to take from the market they trade every single moment and lose all times but if they target particular amount to profits per day it will be very much easier for them to make profits than remaining online all days entering the market.

[Sim_card]

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.

You need to use stop loss when trading to minimize the risk of loaing all your funds should incase the market goes against you. It is good that anyone who doesn't understand the market should not jump into yhe market and if you must trade, you should use only the money that you can afford to lose.

[nakmantu99]

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.

You need to use stop loss when trading to minimize the risk of loaing all your funds should incase the market goes against you. It is good that anyone who doesn't understand the market should not jump into yhe market and if you must trade, you should use only the money that you can afford to lose.

Using money that can afford to lose has many meanings, because as investors we want profit from the money we have spent. And of course money in small amounts if I have to be ready to lose, if in large amounts I am not ready to lose my money, I will choose to be a holder rather than a trader who must be ready to lose.

[Rubel007]

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.

You need to use stop loss when trading to minimize the risk of loaing all your funds should incase the market goes against you. It is good that anyone who doesn't understand the market should not jump into yhe market and if you must trade, you should use only the money that you can afford to lose.

Well, neither day trading nor long term trading is safe for a trader. I think the most important thing a trader should focus on is controlling his greed. A great strategy is to close the trade at a small profit. Although many traders are profitable, they trade with the intention of making more profits which eventually leads to losses. Understanding the market trend and closing the entry at the right time and setting the stop loss to minimize the loss level. One of the strategies to reduce the level of loss is also one of the strategies of trading.