So like I said there are 2 main types of trading.
A day trader is a person who follows what is happening in the market every day and performs daily operations according to the market.
After a review, they buy coins at a certain price and then sell them at a profit on the same day.
A day trader rarely has coins left in his investment portfolio at the end of the day but takes his profit every day and reinvests it the next day.
And of course its because the market can be very volatile and they don't want to wake up in the morning and find out that they lost a high percentage of their investment portfolio.
If you find yourself entering the application a lot during the day and performing a lot of actions, you probably meet the definition of a day trader.
Keep in mind that day trading is considered more risky and suitable for more professional people in the crypto field Statistics show that only 20 percent of day traders make a profit.
they come in with a certain plan Decide on an entry price and an exit price to take profits
A day trader doesn't let emotions get the best of him It is important to have mental toughness
A day trader needs to know when to give up And when to leave on time
You must not be greedy and wait for the currency to rise more than the goal you set for yourself
Of course, it is not recommended to invest all the money on one currency, but to spread your investment over several currencies
Those who persevere with this method can make handsome profits in the long run. The problem is that most people let their emotionsrule them
Making a profit of 5 percent a day is excellent Did you manage to make 10 percent? madness. Don't look for shortcuts to do 100 percent a day because the chance you will lose is higher than the chance you will win
Have a nice day everyone