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What are the benefits of Day Trading?
1. You can get trades in different market conditions. The market can be bullish , bearish , or in a range - as a day trader you can trade in all these conditions. For the crypto market, it is an obvious advantage when the market becomes bearish and you can’t trade profitably as a swing or a long-term trader.
2. You trade within the borders of a single day and it means you control all your trades. You close your trades and sleep well, without thinking how the market will move during the night. The same goes for situations when you are not at your laptop but you have active trades.
3. A lot of trade opportunities which markets give you every day. You can pick the most interesting and strong which perfectly match your trading style.
4. More trades mean better income you can get from the market. If we compare day trading with swing and long-term trading, we will see that day trading is a much more profitable approach. It is possible to make 1-5% per day as a day trader when a swing trader will dream about 10-20% per month. As for investors, they focus on 20-30% annual income.
5. More trades give you more experience and knowledge. It means you improve your trading much faster using new experience and knowledge. Day trading can highlight the strong and weak sides of your personality as a trader. You have an opportunity to improve yourself and it will need less time than if you were a swing/long-term trader.
6. More income from day trading means less capital you need to start from. You can
What are the benefits of Day Trading?
1. You can get trades in different market conditions. The market can be bullish , bearish , or in a range - as a day trader you can trade in all these conditions. For the crypto market, it is an obvious advantage when the market becomes bearish and you can’t trade profitably as a swing or a long-term trader.
2. You trade within the borders of a single day and it means you control all your trades. You close your trades and sleep well, without thinking how the market will move during the night. The same goes for situations when you are not at your laptop but you have active trades.
3. A lot of trade opportunities which markets give you every day. You can pick the most interesting and strong which perfectly match your trading style.
4. More trades mean better income you can get from the market. If we compare day trading with swing and long-term trading, we will see that day trading is a much more profitable approach. It is possible to make 1-5% per day as a day trader when a swing trader will dream about 10-20% per month. As for investors, they focus on 20-30% annual income.
5. More trades give you more experience and knowledge. It means you improve your trading much faster using new experience and knowledge. Day trading can highlight the strong and weak sides of your personality as a trader. You have an opportunity to improve yourself and it will need less time than if you were a swing/long-term trader.
6. More income from day trading means less capital you need to start from. You can
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