Inside Life Of A Simple Day Trader

Greetings here, it great to be part of this discussion and I have been wondering if this is worthy of sharing because, as you would think of an average day trader in spot trading who I am, I have had this challenge of keeping up with sharp trades or jumping in on trends at the right time not to talk about my daily burnouts (but I can still manage that). My experience has been to start with my Binance account then to Bitget and then to Dexscreener and this is to see if I can catch some trends which are not popular yet. Turns out I might be missing out some steps or settings or some trading strategies.

If you know how I can make a difference or want to share with a fellow trader how to be more efficient, I am open to learning and growing, thanks and I look forward to your responses.

that's cool, I actually went to school for finance @ SFSU. Had good teacher who worked in the field and were Stanford alum. I like to do trading , but I literally stick to 2 to 3 stocks only and just know them very well and are able to catch the swings and understand when they're going to go down and go up. I have found staying focused on a few handles FOMO

Cryptcentral said:

Greetings here, it great to be part of this discussion and I have been wondering if this is worthy of sharing because, as you would think of an average day trader in spot trading who I am, I have had this challenge of keeping up with sharp trades or jumping in on trends at the right time not to talk about my daily burnouts (but I can still manage that). My experience has been to start with my Binance account then to Bitget and then to Dexscreener and this is to see if I can catch some trends which are not popular yet. Turns out I might be missing out some steps or settings or some trading strategies.

If you know how I can make a difference or want to share with a fellow trader how to be more efficient, I am open to learning and growing, thanks and I look forward to your responses.

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1.Do you know the difference between Binance and Dexscreener? They are completely different , one is an Exchange( Binance) and the other one is simply a website where you can check memecoins prices ( coins that are not really listed on binance or bitget yet )
2. Expand your knowledge by learning from crypto traders, but you have to know this before anything else: WILL YOU TRADE MEMECOINS OR REAL COINS? After you can begin, there is a big difference between trading memecoins and real coins. I know crypto is hard to get started on, I don't know how I would feel as a beginner coming on right now. Check out CryptoCred Trading course on Youtube it is completely free but this is for real coins not memecoins. If you want to trade memecoins set up a axiom bot and I'd say good luck beyond that, ask me some questions and i can reply but your post is kinda vague for me.

Cryptcentral said:

Greetings here, it great to be part of this discussion and I have been wondering if this is worthy of sharing because, as you would think of an average day trader in spot trading who I am, I have had this challenge of keeping up with sharp trades or jumping in on trends at the right time not to talk about my daily burnouts (but I can still manage that). My experience has been to start with my Binance account then to Bitget and then to Dexscreener and this is to see if I can catch some trends which are not popular yet. Turns out I might be missing out some steps or settings or some trading strategies.

If you know how I can make a difference or want to share with a fellow trader how to be more efficient, I am open to learning and growing, thanks and I look forward to your responses.

Click to expand...

Day trading only really makes sense on Forex. You’re looking at max daily moves around 1% on the main pairs — pretty tight ranges. Crypto’s volatility is on a whole different level, sometimes wild AF.

No point in messing around with timeframes below D1 here. Stick to the daily chart to boost your win rate and catch more legit trends. Trust me, grinding lower TFs in crypto is just noise and whipsaws.

Check out my statement — I used to day trade and just ended up losing profit. Then I switched back to D1, and look how my equity shot up.

I get what you mean - spotting the right trend in time is the hardest part. I’ve started using a structured system that scans multiple pairs and gives me entry/SL/TP suggestions in seconds, so I don’t have to juggle between platforms as much. Pairing that with my own confirmation has made a big difference in catching moves earlier.