Crypto day trading for beginners

There really is no such a thing as crypto day trading. Its called the "crypto lottery", and in no other market will you find such an amount of bear and bull traps as on the 15m/30m/1h charts in crypto.
About TA, its cruzial to know the basics, since a huge lot of ppl is trading on different TA signals.

BUT.... The biggest signals in crypto, youll actually find places like twitter, telegram and tiktok (yeah.. amazing!!!).
So, if i were you.. id spend my time getting hyper social in crypto socials, instead of use a lot of time to learn something that only benefits you in a bear market (you dont daytrade on volatile market conditions... ever).

Elvlin said:

cause everyone know it, but emotion play them and do buy high fomo, hearing all go in, sell low, FUD fear as everyone is leaving out
emotional control in trading is easier said than done. at the situation when price drop example now? how many think crypto will never recover? fear what if i am wrong. what if keep holding and loss it all etc2.basicly emotion when you are losing money goes haywire

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I agree mate, but we need to leave emotions in every activity that puts money on our tables and pays the bills. Amateur part-time traders are being opportunistic and try to earn that Lambo in 1 month... But as investing in any other instrument, it takes stone cold reasoning, conclusive data to draw assumptions and clear trading/investment strategy that excludes the emotion component in the decision making process.

goldagovidis said:

I agree mate, but we need to leave emotions in every activity that puts money on our tables and pays the bills. Amateur part-time traders are being opportunistic and try to earn that Lambo in 1 month... But as investing in any other instrument, it takes stone cold reasoning, conclusive data to draw assumptions and clear trading/investment strategy that excludes the emotion component in the decision making process.

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yes my main point, knowing it doesnt mean you won't do it. there is a reason why only minority (less than 5%) can suceed in forex trading, and it's same with crypto.
emotional control is not just for anyone. and it's very expensive to train on.

Day trading on crypto is a NO. You need to look at the trading from a long term perspective