Quote from: Delago on March 24, 2018, 07:07:58 PM

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile? Over the last couple of months, things seem to be moving rather slowly?

Yes you have said it right that the things seem to be moving rather slowly but before we talk on how much you should invest lets talk first about the market and how you will invest and how you will do trading and many more.

The things that you need first to know is
- What is Day Trading?
- Why is Day Trading used by many investors?
- Why I want to trade?
- What is my goal in trading?
- How much would I need to invest in trading?

What is Day Trading?
- Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Many traders may not be so strict or may have day trading as one component of an overall strategy. Traders who participate in day trading are called day traders. Traders who trade in this capacity with the motive of profit are therefore speculators. The methods of quick trading contrast with the long-term trades underlying buy and hold and value investing strategies.

Why is Day Trading used by many investors?
- Many investors prefer to do day trading because trading assets on a regular basis could be a safer bet and might be more profitable for you. From the previous section we learned that Bitcoin grew by an average of 1.5% per day (during the past 20 days). So you can actually take the risk of buying today and selling tomorrow or within the next couple of days. There is no guarantee that tomorrows price will be higher than your current buy price but its still better than crossing your fingers and holding indefinitely.

What is my goal in trading?
- Putting up a goal in trading makes your trading organize your time so you can reach your goal especially your goal with the amount that you want to reach because trading here in the crypto is too risky because of the volatile of the price. This is also a way to maximize your time in trading and you will set your mind in the price that you think you will gain a profit. If you do not have any goal then you might end up of not selling your coin or you might sell your coin a low value cause of the volatility of the price in the market.

How much would I need to invest in trading?
- Now that you have set up your mind this is the right time that you think of the amount that you need to invest in trading. The first thing that should put up in your mind is should I put all my fiat money in trading? What will happen if I put all my fiat money in trading? here is the answer to the question You should not put all your fiat money in trading because if you lose the money that you used in trading there is no chance for you to do trading again. In trading you have to try it first so if you committee a mistake then you can correct that mistake that you have encounter so there is a chance for you to earn from your next trading.

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