Post
Topic
Board Trading Discussion
Re: Can you make money day trading Bitcoin?
by
TheGreatPython
on 17/12/2021, 21:33:36 UTC
although the truth is that I do not have much skill operating in such a short trading time, I usually do is trading in the medium and long term, because in the long term you can react to the market, well sometimes you can, when the The market hardly crashes, but for now this type of operation is difficult for me, that is why I have been learning more about technical analysis, I know that short-term technical analysis or scalping, the indicators are pure gold, and although I am guided By Wyckoff's theory I make small intervals following the theory, the bad thing is that to see the profitability you have to risk a lot of money.
That is exactly why I am not a day trader as well, it just feels like too much work and reacting as quickly as possible to every single move and I do not have that much time. My work and my life situation right now requires me 24 hours a day, I sleep 4 hours a day everyday just to take care of someone in my life and also work at the same time, it has been a very tiring situation but it has been only 2.5 months or so, I am hopeful that life will get better. In this situation how could I also keep on trading?

There are plenty of people who do not have time like me, and they couldn't trade because it would require them to give up something else and instead use those hours to trade. This is why long term is a lot better, you just buy it, and whenever you have some more money, you end up buying a bit more and that is how you handle things, it doesn't require that much money at all.