Day trading strategies!

[Azharul]

Trading is one of the best profitable stage from cryptocurrency market. Because we know that an expert trader can earn huge profit to used his strategy. If we want to day trading we must understanding in cryptocurrency market. We also know that day trading will be little invest, which will bring little money from cryptocurrency market. Example if you have still in $500 and you want to trade in crypto market, i suggest that you should be invest $100 for trading. At last i think that if you could better understand to crypto market, i think gradually you be able to earn best profit from cryptocurrency market.

[Faisal2202]

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.

Long-term hold strategy is also a good way, but yeah, those who want to make a daily profit and want to use that profit for day-to-day use won't lik this long-term strategy, but what other options do they have? In my opinion, they can day trade in other pairs instead of doing p2p with a stable currency.

The price difference of stable currency in p2p is big when we compare different centralized exchanges I mostly prefer one exchange for p2p but when I look other sites like Bybit, Gate io, etc., and compared the prices I got shocked and besides the difference of centralized exchanges there is a price difference when we change the payment method also.-

[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.

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.

Well it should be appropriate if we calculate the margin in the percentage cause someone with $100 can't make $10 as someone with $1000 capital so if 10% is the target then setting it as the only goal to achieve might be good thing but it can work to some extend only and one bad day it takes to eat the progress we made in the 10 days.

[JISAN]

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.

In case of day trading, you always have to view the market and constantly analyze and take immediate action.  I am very interested in day trading  Because I don't think it's a good profession.  So I don't have time for day trading in my busy life.  Because of this I always prefer holding.  I don't have to spend extra time on it myself. Day trading is very risky so sometimes it feels like gambling to me. Day trading is for the person who spends a lot of free time

[BitMaxz]

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.

In case of day trading, you always have to view the market and constantly analyze and take immediate action.  I am very interested in day trading  Because I don't think it's a good profession.  So I don't have time for day trading in my busy life.  Because of this I always prefer holding.  I don't have to spend extra time on it myself. Day trading is very risky so sometimes it feels like gambling to me. Day trading is for the person who spends a lot of free time

Is not good for busy people but you can do that in your free time the only problem is you can't wait for the right time within a day to take a profitable position because your free time within a day is limited what you can only do is to quick analysis and take position unlike a full time trader who waits for the right time to open a position that is way more profitable than for quick analysis with a limited time the result might be good but I'm sure for non-pro traders the result is bad.
Like what happened to me I tried day trading I won sometimes but I lost much more than win and I ended up losing the whole capital due to quick analysis, greediness, and wrong position with no proper risk management.

That is why you need to monitor the coin/token you target and look for a good position just be patient until you find a profitable position and don't be greedy if your goal is to do it 1:2 then focus on that ratio you can also take profit once it touches to 2 then wait for the 3rd and 4th target then take a profit again until the price movement touches MA indicator(Only if you are using MA, SMA or EMA with 20/50 days setup).

[sampoerna]

Trading is one of the best profitable stage from cryptocurrency market. Because we know that an expert trader can earn huge profit to used his strategy.

I will not argue against this statement because indeed the experts or pro traders certainly get high profits from their day-trades, either with short-term trading, scalping, or trading with leverage in future trading. It is undeniable that even though there may be some who lose, the fact is that the profits obtained are much greater than the losses, meaning that day trading becomes one of their regular daily incomes.

Remember that for traders who are truly experienced and understand the best strategy. It's just that for beginners, don't dare to do this carelessly. Because, on the other hand, trading is something that is HIGH RISK. So we must really understand the various trading knowledge first, and even if learning by doing, make sure you can really master the advantages and strategies used so that we have more opportunities to get profit than loss in trading. And, it is not easy.

[Crypto Library]

In case of day trading, you always have to view the market and constantly analyze and take immediate action.  I am very interested in day trading  Because I don't think it's a good profession.  So I don't have time for day trading in my busy life.  Because of this I always prefer holding.  I don't have to spend extra time on it myself. Day trading is very risky so sometimes it feels like gambling to me. Day trading is for the person who spends a lot of free time

Without having any knowledge if you do the holding I mean the long term trading or what ever you do the short term trading it will be a gambling for you. It is not true that long-term trading does not require analysis knowledge, but here also a lot of experience and knowledge about Bitcoin is required, especially about the past history of Bitcoin.
But I applaud your decision to choose holding because you don't have time to analyze. It's the same for me because I'm not very good at technical analysis myself and I don't have much time to learn it.

[KingsDen]

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 strategy is not so difficult, but despite that it looks simple, it has it's own drawbacks too.
One of the draw backs is the carefulness of choosing the coin to trade with and another drawback is knowing when other traders will dump the coin. This is because of you continue trading with the coin, it can be dumped on you and that will be a lose to you.
Actually no strategy is so easy, but then some strategies are better than others.

[Ujok]

Trading is one of the best profitable stage from cryptocurrency market. Because we know that an expert trader can earn huge profit to used his strategy. If we want to day trading we must understanding in cryptocurrency market. We also know that day trading will be little invest, which will bring little money from cryptocurrency market. Example if you have still in $500 and you want to trade in crypto market, i suggest that you should be invest $100 for trading. At last i think that if you could better understand to crypto market, i think gradually you be able to earn best profit from cryptocurrency market.

There are lots of ways to make a profit every day, it's just that we have to be smart in managing assets so that in trading we make a profit every day. If we have large capital, for example we have capital of $1000 then we divide several coins from that capital, don't use $1000 to buy just one coin, that will be dangerous, but divide several coins so that in the future the coins can cover each other and then you manage them well.

[Hisbullah]

Trading is one of the best profitable stage from cryptocurrency market. Because we know that an expert trader can earn huge profit to used his strategy. If we want to day trading we must understanding in cryptocurrency market. We also know that day trading will be little invest, which will bring little money from cryptocurrency market. Example if you have still in $500 and you want to trade in crypto market, i suggest that you should be invest $100 for trading. At last i think that if you could better understand to crypto market, i think gradually you be able to earn best profit from cryptocurrency market.

There are lots of ways to make a profit every day, it's just that we have to be smart in managing assets so that in trading we make a profit every day. If we have large capital, for example we have capital of $1000 then we divide several coins from that capital, don't use $1000 to buy just one coin, that will be dangerous, but divide several coins so that in the future the coins can cover each other and then you manage them well.

Diversification is very much needed in trading, where we divide our capital as you said if we have $ 1000, we should buy some coins. I usually divide it into 5-7 coins if I have a capital of $ 1000. but in practice it is not easy when the price of bitcoin suddenly drops sharply we will also lose from those coins, so that is the difficulty I experienced during trading. I have to wait until the price improves again so I can sell my coins.

[Findingnemo]

Diversification is very much needed in trading, where we divide our capital as you said if we have $ 1000, we should buy some coins. I usually divide it into 5-7 coins if I have a capital of $ 1000. but in practice it is not easy when the price of bitcoin suddenly drops sharply we will also lose from those coins, so that is the difficulty I experienced during trading. I have to wait until the price improves again so I can sell my coins.

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.

[Agbe]

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 was told that swing traders make more profit than day traders how true is that? Or is it the other way around??I am very interested to know the methods and strategies to make profit on a daily basis, swing trade to me seems stressful because you'd have to place a trade and wait till a specific period of time, I am more drawn to becoming a day trader. Are the risks of day trading less than swing trading, if the answer is yes are there ways to mitigate this losses in order to make more profit, I would like to know this

[|MINER|]

Day trading is a small trophy to be happy.  It's profit margin is very low.  And the amount of loss is very less.  Day trading is mainly for beginners. Day trading is for those who want to invest small amount and get instant profit.  Many others have a record of making huge profits from day trading by investing a very small amount of money.
Again little investment has been recorded to sink completely.  It is a good trading option for beginners.  However, if you want to do day trading, you have to be prudent in trading.  Because understanding the market identity is always a bit complicated.

[Aanuoluwatofunmi]

Trading in cryptocurrency could come in many forms, some are day trading and they can also manage to include other trading strategies with their investment decisions, all because they have ideas on how they could engaged in doing so, another scenario is whereby you discover on some people wbo couldn't manage to adapt for any other trading strategy than day trading and there lies their expertise.

[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 was told that swing traders make more profit than day traders how true is that? Or is it the other way around??I am very interested to know the methods and strategies to make profit on a daily basis, swing trade to me seems stressful because you'd have to place a trade and wait till a specific period of time, I am more drawn to becoming a day trader. Are the risks of day trading less than swing trading, if the answer is yes are there ways to mitigate this losses in order to make more profit, I would like to know this

I guess swing trading is just longer version of intra day trading but actually there's no difference at all if we look into it technically. Ofcourse the risks to the capital will always be there due to unexpected market trends so We can't be really sure whether we will be able to achieve what we had in mind when opening the position. The way to mitigate the loss is stop loss so it can protect the capital from huge dive but if it keeps repeating multiple times our capital will obviously shrink unless we make profits equally.