how to do day trading?

[crowplayer]

Though bitcoin is getting less volatile by day, we should not forget that its still early adoption years and there was price fluctuations of more than 3% in a single minute as early as April 2018. Day trading has a lower risk than say “hodling” but also lower rewards unless you are investing heavily. But if you are prepared to do your research on the bitcoin market and rules of economics in general, you can come up with your own strategies to profit from day trading without sacrificing too much.

[Aya]

Daytrading is for the ones who know the market well, I believe is needed strong knowledge in the crypto market for such kind of trade.

Definitely. It also takes a confident trader to really succeed in day trading. We take advantage of small price movements in this kind of trading so you should have full faith in your decisions.

[TraderBR]

Daytrading is for the ones who know the market well, I believe is needed strong knowledge in the crypto market for such kind of trade.

[Newbie_trader]

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

One has to be mentally strong. A trader needs to be rational at all times

[AbdulShiek]

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

[Trader_Rob]

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.

[Mr. Cid]

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

[Sendo12]

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.

[Mr. Cid]

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.

[sameeh]

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.