Quote from: Karmakid on November 05, 2019, 01:01:43 PM

Quote from: coin_1122 on November 05, 2019, 05:05:07 AM

Quote from: Triffin on November 03, 2019, 08:00:49 PM

Quote from: lienfaye on November 02, 2019, 02:18:42 AM

Quote from: conex on November 01, 2019, 10:00:11 PM

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

I have always been strong advocate of this fact that day trading is possible only if the trader has great patience and free time, only then he or she is capable of generating decent money out of fluctuations. Otherwise it is great option to go for long term trading if the person is having bad emotional control. Investing into bitcoin and some popular altcoins can save you from distressed situations and get you nice profit.

Agree, we should always plan based on the characteristics we have when it comes to trading, we are too emotional then we should always plan for long term investment by choosing the right coin. If you are capable of controlling your emotions, then it will surely help you to start day trading immediately and it will surely help you to make a decent profit.

That should be the aim and goal for the newbies who want to either trade or invest long term. They should try to control their emotion or much better, they should remove emotions when they are trading or investing so they won't screw up their plan for trading or investing. I know that it is hard to control it from the start but once you learn how to control and not prioritize the emotions then you will have a higher potential.

In my opinion, that strategy and technique are the most important because if they understand that, they can be patient and control their emotions, because they know which direction the coin will go. because honestly, if you don't have strategies and techniques, you will play trading like gambling relying solely on instincts and luck.