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Thread: how to do day trading?

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    how to do day trading?

    when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall, how to do day trading?

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    Sometimes, I fail to make money because I spend a little time observing the market situation. I don't have much patience.

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    You can learn day trading by watching YouTube videos. Starts with a simple diagram until you know how to analyze candle charts.

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    First, you have to learn how to interpret the technical analysis. Second, you should have a depth understanding about Support and Resistance level for entry and exit point. Always set the percentage of TP and SL.

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    With day trading the trader should follow the trend and try to avoid trading against the trend to be able to make money and avoid loss of money, the trader needs to follow the rules of his trading strategy also and discipline with them as this is very important for making of successful trading and making of money.

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    Quote Originally Posted by sameeh View Post
    With day trading the trader should follow the trend and try to avoid trading against the trend to be able to make money and avoid loss of money, the trader needs to follow the rules of his trading strategy also and discipline with them as this is very important for making of successful trading and making of money.
    Self-discipline is the key. As a day trader, I sometimes struggle to follow my analysis due to a lack of confidence. In the long run, I somehow manage to believe in myself.

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    Quote Originally Posted by Mr. Cid View Post
    Self-discipline is the key. As a day trader, I sometimes struggle to follow my analysis due to a lack of confidence. In the long run, I somehow manage to believe in myself.
    It is inevitable especially since we are not experts. We will reach a point wherein we would doubt ourselves. But it only happens during the first few months of trading. After a while, you will get used to it and realize that it is okay to believe in yourself.

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    Day trading is not good for those who have short knowledge about crypto market.

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    When we day trade, we don't only wait for the rise in the value of the coin. We can also make a bet and sell if we think that the price will drop. This way, we can still earn profit.

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    Day trading requires a strong mentality. It will affect someone's mind.

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