95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
So, what is your question ? I mean what you have stated has been repeated in this board for more than hundred times and I am not seeing that you started this topic for finding yourself successful in trading like you may go for it or not. In short, your post is not qualifying as a OPEN-POST.
If you are here to enlighten this community then there are plenty of discussions on day trading :
(I just got them in first 5 pages of this board itself. Not using google. It means there are many active discussions on day trading)
Mistakes need to avoid in day tradingwith market conditions like this, are there any tips for continuing day trading?Please advise me which coins best for the day tradingThe advantage of day traderWas seriously looking for a group where ups and downs are spoken about day trading. Got it. To be frank, i am into trading. When ever i have time, i get into it. I always research on a coin before investing into it. But I have often failed to gain profits from trading. I have just paused it. Need to learn more in depth before investing further.