Tips and tricks: how to make money day trading cryptocurrency

It’s no coincidence that 95% of intra-day traders never make it. After all, if it was easy, everyone would be doing it. And while there’s no sure-fire recipe for success, there are a few principles that can help you avoid falling victim to many of the pitfalls that plague would-be day traders.

  • Set yourself clear goals for every trade : as a day trader, you want to be in and out. You can’t let greed or fear hold you back from closing a position. When the time limit you set yourself expires, take whatever paper profit or loss you have and don’t look back. It’s incredible how much money people lose trying to chase their losses or maximise returns.

  • Use stop loss orders : these are an excellent way to take the emotion out of day trading. Set yourself a stop loss when you open your position to ensure you don’t lose more money than you can afford. That way, the app will automatically liquidate your position when this limit is reached, removing the risk of you feeling compelled to hold on for a reversal that never comes.

  • Use take profit/limit orders : like stop losses, these help you maintain a healthy level of stoicism. If you set a take profit order to sell your coins as soon as your target return (1-2%) is realised, it will prevent you from holding on in hope of bigger gains. More often than not, the trend reverses before you can react and you go from a nice 2% return to a -1% loss in the blink of an eye.


Great points, I think every day trader must be well prepared. Don’t jump into day trading without adequate preparation. Above all, do not let greed take over you as a day trader, it can be very dangerous.


Nice tips. Would love to be able to use
stop limit
stop loss and
take profit at same time on Finance. My humble suggestion.


Nice topic bravo :heart_eyes:


@Mike2microbe @Mebbambi @Mealea
Thanks for your reply bro


Это верно но мало кто этим пользоваться


Great tips. If you are not sure about day trading, you can try swing trades. I love it :heart_eyes:


Nice tips… I appreciate that

1 Like

Nice tips sir.:heart: I raely appreciate your effort


Хорошие советы. Обязательно прему к сведенью. И буду пользоваться по необходимости