What is Day Trading?Day trading concludes on the same day. Profit or loss \u2014 no matter what\u2019s in the store, but the report card comes on the same trading day. It\u2019s similar to a 20\u201320 cricket match where you don\u2019t have much time to think and plan. In fact, it demands prior planning and strategy making.Sometimes, this strategy is also referred to as intraday trading. The goal of day traders is to use intraday trading strategies to benefit from the intraday price changes of the stock or any other asset. It demands objective decision-making keeping facts and figures on the table.How do Day Traders Make Profit?Before putting their money into this crypto trading instrument, here is what every successful day trader does to ensure maximum profit and minimum risk:Technical Analysis: Day traders learn the market sentiment using descriptive and diagnostic analytics. They perform an analysis of how the market performed in the past, and what caused it to behave like that. Thereafter, keeping in mind the volume and price of the asset at different points of time, they predict the future in the next few minutes and hours, spot the profitable opportunities, and invest accordingly to make the most out of their investment.Risk Management: Cryptocurrency intraday traders build a strategic risk management plan to cope with any potential surprises and shocks. Here is a guide to risk management processes.Have a clear vision regarding what you want to achieve, what you have in hand, and how much risk you can tolerate. These aspects should be pre-planned as it helps you take the right step in the right direction.Compare the volatility of different cryptocurrency markets to identify the underlying risks. Break the risk factors by asset liquidity, chart pattern, impact cost (when impact cost is high, the risk of intraday becomes too\u2026<\/p>","protected":false},"excerpt":{"rendered":"
What is Day Trading?Day trading concludes on the same day. Profit or loss \u2014 no matter what\u2019s in the store, but the report card comes on [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3370"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3370"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}