Post
Topic
Board Trading Discussion
Re: I dont like daytrading
by
Paycoinzzz
on 05/04/2018, 16:49:29 UTC
Day trading can be more profitable in the situation of market like now, but to get profit we should be focus on that and spend alot of times for that. Only trader with good strategy, has good management of risk and money and possible to manage the emotions can make consistent profit from it.
In short, we can conclude that day trading is not everyone because it demands too much from the trader. Not everyone is good at managing stress or getting a good control over emotions. When you see your coin going down in market, it is obvious for you to start sweating and encounter anxiety. Plus it demands from you to keep checking the graphs all day long which is going to make you fluster soon.
the emotional situation of traders can be seen from the attitude of the trader itself, because we know that daily trading can be used as a helper. but many traders opt for long-term trading in order to get great results, if viewed daily trading also get a big profit if managed properly.
Personally I think day trading or long term trading all depend on the cycle and the trending on the cryptocurrency market.
The volatility of cryptocurrency market is different the volatility of forex or stock market.
It is stronger than too much if you compare it to other financial markets you know.
Therefore, its cycle usually changes, you can not fix a type trading for a market usually changes cycle like the cryptocurrency market, IMO.