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Leverage can be a recipe for a suicide
Nah I make millions day trading. Now buy my course for $100
/s
If you stress sell or get fomo, your ain’t got the constitution for trading
It can also be a recipe for success. That’s why it’s gambling
Day trading works, until it doesn’t. Then you just lose most of your money.
Exchanges not only encourage day-trading, they lure us to gamble with upto 100x leverage! Don’t even touch leverage with a 10ft pole guys, these exchanges are crooked with their marketing tactics and can drive you into insanity until you lose it all – like I did.
It’s just gambling, you can win big or lose it all.
Trading can be a recipe for disaster.
Trading can work out for the lucky or experienced ones.
Holding is dificult imagine chasing losses daily
100% ChatGTP because it constantly says shit like “So the next time…”
That’s why I just hodl, wait and panic.
After I got into crypto this was one of the first things I realised. So yes, daytrading might is a fees nightmare
Agreed. Day to day trades are at the whim of the exchange, but if you believe in the underlying and hold then day to day price fluctuations don’t matter to you.
Day trading isn’t usually as big of a risk. If your buys and sells of swing/day trading are within your tolerance of what you’d buy it for, then it’s not exactly a bad thing.
Trading is insanely hard.
The amount of people that just jump in without any prior backtesting or learning is concerning… but I guess most like to learn it the hard way
Places like KuCoin are literally casinos.
Who would’ve known? /s
no buddy
Day Trading is Recipe for Disaster!
Two portfolios –
One for trading and shitcoin Yolos, One for long term HODL that you don’t touch
Tried day trading for a while and even made minimal gains. But the stress wasnt worth it at all for me.
I thought I love day trading at first. Seemed so easy with the whole Buy low sell high motto. First 8 to 10 trades I made money. But all it takes is for one bad trade to wipe out 10 good ones and that’s what I learned that maybe trading isn’t for me.
I was really good at making 50 to 100 bucks on a trade but I was even better at losing $500 on a single trade LOL
“Teach a man how to trade and he will lose money he can afford to lose.
Teach a man how to trade with leverage and he will lose money he can’t afford to lose”
– Confucius, probably
Day Trading ~~Can Be~~ **Is** a Recipe for Disaster
DCA, chill and *hopefully* get to retire early
I love scalping but only in the right conditions or in a bullmarket.
Otherwise its so stressing.
People still try to day trade but what a headache! I like action but that’s just all gut wrenching stress. Relax and just invest what you can afford to lose, try to make good choices by doing research and let the money grow!
Most people will lose money day trading. It’s just not a great way to get profits especially newbies
Many has tried few has succeeded.
>80% of day traders lose their money
I legitimately thought that it was closer to 95%
You can 100% day trade without using centralized exchanges.
Better off playing don’t pass with max odds behind at the craps table
Day trading is a dangerous game
Most “day traders” [gamblers] fail because of, in my opinion, two main reasons:
– they begin immediately trading with large amounts of cash and consequently get rekt;
– they fail to realize that trading isn’t something you learn in a month. It takes years to become profitable, and any edge you may have is always temporary.
You wouldn’t expect a grad-student to perform major surgeries, just as you shouldn’t expect to become a trader overnight. It takes dedication and enormous amounts of time and study.
I day traded myself out of my position so many times I refuse to even try again.
Anything above 10x leverage is a disaster.
But if you’re enough educated on the subject, have patience and calm mind, you could make good profit on it.
Can be? It is… just dca is safe bet.
Not can be, It is a recipe for disaster
Day trading ~~can be~~ *is* a recipe for disaster
You definitely have to know what you’re doing to day trade successfully long term.
Your chance of trading profits is 4-5%. So for every one winner we have 20-25 losers. I like math and always rely on it when it comes to finance. So thanks but I’ll just buy and hold!
Never ever use leverage
And leverage, leverage will destroy you
My life flipped for the better when I stopped trading. I just buy and hold
Day Trading is 99% Disaster.