Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
To be honest for a beginner, it can be very difficult to control day trading. even if you use the available day trading strategies. I don't mean to doubt your skills, but in crypto trading where every day is a move with rapid volatility, it's possible for beginners to just buy on the downs and hold. In addition, it takes a long time to learn a day trading strategy. At least you really understand 2 to 3 basic methods. However, the mentality of day trading will be more psychologically draining which will not be balanced for a beginner.
Not only to learn 2-3 basic methods but you would really need that experience which is mainly needed to be a day trader and one of it is emotion handling and this is aside on technical knowledge aspect on which
it should really be that on default thing and thats why when noobs tends to step their foot on day trade then its 101% fail because this isnt something whose new to trading will able to bare it out.
It would be needing that sufficient knowledge and skills for you to sustain since fighting volatility at this market isnt something that you could handle it well.