Post
Topic
Board Trading Discussion
Re: Day trading
by
jrrsparkles
on 08/10/2022, 16:31:30 UTC
I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Day trading may not be suitable for everyone and also it is not possible to be consistent in the day trading still it can be profitable when someone uses the stop loss feature and understand the market movements with the technical indicators.

If you are going to try day trading then there are some points has to be kept in mind like don't invest all your crypto capital for day trading just 10 to 30% of your total capital into the day trading and also keep the margin low as much as possible like 2% maximum and lesser trades so the frustration can be reduced a lot.

But at some point if you realize that you are losing more than your are making then just stop day trading and move to long term or just HODL.