Bitcoin Forum

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

It is profitable as long as you know how to do it properly ,
If you don't know a thing yet it is better to use a simulator first to know what strategy would be good for you.

It is very profitable like any other trading pattern like scalping and swinging, they all depend on what you want and your strategy on how to get it. One thing about day trading and also scalping is that you are likely to be making profit everyday or losing everyday too  :o


Do you mean demo practicing by simulator?

Yes it is really profitable, and besides lot of traders here got their profit from day trade dude.
Though, day trade was proven and tested to give earnings to anyone here but can also wreck our coins in the
end if We don't know the proper procedure of doing it. In short in applying day trade, we must full of idea and knowledgeable
about it.

for daily trading I think you have to learn what analytical techniques to use because it will determine what percentage of profits you want to achieve

.. is like asking:

is running a business profitable?

is being a developer/doctor/engineer worth it?

is it profitable to be an author sell books?

Answers: it depends. If you're good at it, then sure. If you're not, then no. Unless you're willing to learn. Take note that trading is not easy, but can definitely rack you up with good amounts of money if you get really good at it. Unfortunately, it looks like only a small percentage of new traders actually end up successful, due to the simple fact that people mostly quit early.

Yes it is the most profitable kind of trading but not everyone can make that most profits from day trading,and for beginner it is not recommended as well.

First try to get into trading then you can try for the most profitable one.

It's profitable but it's one of the most risky ways of trading so it's not for everyone. Don't get into it if you don't have previous experiences with trading and good knowledge about the market and how it's functioning. Those who are skilled could make nice and decent profit but for beginners it might bring serious troubles.

The benefits will come if you do everything right. Whether it is long-term or daily if you can find every moment that is right then the benefits will come to you so that's where you need more experience and research.

Trading as a whole isn't profitable for the majority of people simply because many people lack the correct risk management strategies or mentality to make money over an extended period of time. Daytrading certainly is profitable if you're willing to put time and energy into it, and you try to put aside your greed as much as possible.

Additionally, as a beginner, you should not be putting large amounts of money into trading. You don't know what you're doing at first, and trading with a small amount of money that you can absolutely afford to lose is one of the best ways to go.

Possibly you'll get good ideas when you do some research or any other ways to gather knowledge on how to acquire better trading strategies. But somehow you need also to consider some factors that's isn't good for day trading, because most of the time each coins which is actively traded dumped at very cheaper value once it was played by some traders. Maybe you'll earned profit at fist but I don't think so that in longer terms you could earn bigger profit. There were certain scenario which cannot be prevented, panic seller also is a bigger factor that makes the price fall in worst value.

Day trading is more profitable than passive investment. But, expect as a newbie there will be losses. Remember the lawnof average. It's okay to have small profit and small losses, but be sure to have times of higher profit. Especially now that the price fluctuates nicely with an average of positive slope.

the advantages gained when trading daily can be a lot when there is good news on the coins you are trading or the trend is going up, but if the market conditions are quiet and there is no good news that can trigger coin price movements your daily trading becomes worthless.

Day trading activity will not be existed by now if it's not profitable in the end.

Every trading ways can be profitable. It's just that, the result and output will depend on how well a trader will manage it along the way. In other words, it's on your own hands how will you make it profitable for you.

Do you already do your homework prior to putting yourself in the actual scene? Gaining basic knowledge is necessary.

Right.Day trading will surely become a profitable one depending on how you do it with your own self.It might be risky but if you think you have gained all the basic knowledge and developed your own strategies and skills,then there's no way that you won't be profitable in day trading.

Yes, it is, i trade a medium altcoin and i can get up to 0.03 btc in my daily trade and i used only a little amount of bitcoin. I just try to take the bounce trade as my chance. As long as you are doing it so well and that will be very profitable.
Buy when it goes to the red zone and then just put a rational sell order. that's what im doing right now.

Profitable if you know which coin or token to buy, if you know when to buy and when to sell. Also, in day trading you need a lot of time to spend monitoring the price of your investment. Key to day trading is you need to stick to your plan and dont aim to gain big profits in day trading. 2% per trade is enough to hit the sell button and move on to another coin.

Ofcourse day trading is profitable to earn profits in crypto currency, I advice with you if ready for the day traders ng makes sure you had a lot quality tine to do that job.
Day trading isn't an joke job it's a serous job to get earn profits aside from quality time to monitor and learn the market cap moving make sure you have an skills and knowledge about day trading job. Good luck hope for your success.

Day trading is very profitable but it is very risky to do so and very stressful because you are over watching the market price 24 hours a day just to monitor the price of the coins that you had. I think OP you are luck of knowledge to handle the day trading you must have deep research first before you go in the battle of trading. Trading is not an easy especially if you don't have experienced it might be a loss you fund.

I trade in latoken with small capital. the coins that I hold are Fuel and Cryp so far I have successfully carried out daily trading. despite the small profits but it's exciting

Since you seem to be a starter i suggest that you stay away from day trading for now, not that it is not profitable and you can't make good money from it but it really requires a lot of market knowledge and a lot of analysis and making the right choice at the right time, you should start at just regular trading and probably try to trade bitcoin since its probably the easiest and after a while when you think that you have a basic knowledge and you made successful trades multiple time than you can expand to other ways of trading including day trading.

As you've said, you are well prepared. If you are ready and confident enough to enter trading, do not hesitate. As for your question if is is profitable?
From my experienced, yes.
There are some instances that you will lose but that's the part of crypto trading. When you know some strategies you can expect some profits. May I ask what kind of trading are you planning to do? Margin trading, swing trading or altcoin trading?

I don't guarantee whether you can make a profit in a day. Because your strategy is sometimes ineffective and you suffer losses. Besides, day trading is really tiring and you are very stressed out. Why don't we try to analyze the value of some tokens being developed and invest early on it?
When it is listed on exchange, we will sell for x3 or x5. I'm investing in that way now and it's quite suitable for me :D

That is the best way to trade the coins without any stress because most of the people will invest high amounts into trading and after investing suddenly the price of a coin will drop and this makes them think negatively about themselves. Before investing we have to plan them perfectly and it should affect our family needs.

the success is based on the strategy in day trading because if you don't have any good strategy to to make your trading profitable then it will not give you the hands in all the time that's why most of the people will not succeed in day trading but if you got the right opportunity to get involved in day trading then it will definitely be successful for you.

If you are newbie in trading then day-trading wouldn't be suitable for you, as it is for experienced traders. I would recommend at first you go for longer period of trading when you gain sufficient experience then you can do day-trading.

Of course day trading is profitable. Any strategy will be profitable if you can manage it good. At first maybe learn how is day trading, long term trading and use what really fit for you. Because some people not fit with day trading even it is more promising.

day trading can be profitable if we have trading skills, psychological, and good experience, if we don't have it, or just rely on gambling, of course in the end we will lose, and I think it requires a process to learn

you need a little correction about that, strategy that's indeed important but remember your buying point will become the main factor to determine how much you will get or taking the profit. Maybe people are putting all of their attention to the strategy but that doesn't look very important when you are doing a daily trade. When you can get at the dip and you have a big chance to get huge profit.
This is what I learned from my trade.

All strategies in trading is profitable as long as you know what you are doing and you have the skills to do it.

Always take note that all professional traders came as newbies and they spend many time gathering information that can help then in trading so if you are a newbie, it will be better if you read books, watch videos and get a mentor that can help you to become a professional one.

How about you try to trade once a week, or you only buy low and sell high so you can minimize the losses that you might get. Day trading is very difficult for new people especially if they don't have enough skills to choose the right coins because now, the situations are a bit difficult and we need to analyze deeper related to the market. But if you believe that you can analyze with good and you have the skills to determine the market, then you can try to do day trading but still be careful.

The reality says that not all person is fit into a certain thing as we have an individual wants and goals in our life. We are different from each other and so we never expect that one of our kids will be like us in the future. The same thing will happen into trading, it only is profitable if we are capable of it and have working on it. 

Believe it or not, I've trade with bitcoin over 5 years and IMO , it was the best cryptocurrency I'm ever know.

When the time to purchase ?
When it decrease almost 50-75 % and you can try to hold it at least 6 months

Day trading is arguably the riskiest way of trading. Day traders trade a lot, for marginal profits per trade. That's very aggressive. It means lots of transaction costs from spreads and charges for little returns at a time. It also implies you have a high risk of being stopped out of trades more times than say a swing trader, or a position trader. Evidently, you will need a lot of capital and guts to remain profitable as a day trader.  

Anyway, different personalities trade differently. Start with knowing your personality, then you'll have the right approach to trading crypto or anything floated in the markets.    

If you want to do day trading, you should keep in mind a lot of thinking about the market. Where every time the market is moving. It is a true idea that you will lose lots bt doing day trading If you have not much more idea about chart analysis. Only they can make good profit in day trading, who are must know market analysis, they will have to understand the chart, otherwise they will lose many.

In my views, trading is actually profitable while done long term. There were many examples I've been a part of. But even in this mid to long term strategy, you need to set your targets and even better, you need to know when to exit.

I'm giving you a very small list of channels/groups I follow over telegram:

@blockchainwhispersbaby
@tradingcryptocoachbackup

And last as well as the best one - @CryptonaticA

This guy actually won a championship held over Blockchain Whispers, got 1 BTC and you know how much did he make with his investment and signals alone except the winning amount? 1350% which means a 13.5x return in just 1 month.

It actually depends on the trading skills you have and how to use that trading skills to buy any assets pairs at the right time and also taking the advantage of little volatile and sell at the right time. DAY trading is highly profitable and to me it is far profitable than long-term or hedges trading, it is very risky no doubt than both the long-term and hedge but if you can become expert in trading and gotten enough knowledge on when to get in and get out you will become one of the richest traders.

daily trading depends on what coins you want to choose for trading, because right now if you choose coins that have great potential I feel to grow and get profits on a daily basis will be realized and that is not difficult.

If it were not profitable, people would not deal with it. Certainly, you have to be a real professional. As you are asking this question, you are not. Thus, better to not deal with it: making mistakes, you can lose much very fast.

Yes. Day trading is more risky compared to long term trading because you have to monitor closely the market so you will be aware on the price movement of the coins you had invested. It's best to trade with bitcoins and ethereum because they are both potential coins and their prices will surely grow in time.

that is how I get money with great fun. I don't want to be stressed by crypto trading like most traders. Their enthusiasm then sank with loss. For me trading is the art of accepting loss and still trying to make a profit.

whatever way you want to do in trading must have a risk but when you have a strategy and experience the risk can be avoided and turned it into an advantage. day trading is a way where you have to have a lot of time and at least you have the skill to analyze each movement by observing the candle on the chart

Well, if you are good at what you are doing then everything is profitable. If you are good at day trading you can profit from day trading, if you are good at long term investors then you can profit from long term investment. All you need to profit is to be good at it. How you become good at it ?

Well, you research on how to be a good day trader, you follow good day traders that profits, you pay for subscriptions and books and follow them religiously. After all of that you will still not be great at it, maybe decent but not good yet, because you need to trade and practice what you have learnt to become good, do that and in the end you will be good. Experience beats wisdom every single time, you can theoretically know everything about day trading but without trading yourself you will not profit.

Yes, it is profitable as well as risky. I will suggest you learn trading first. There are dos and don'ts of trading you need to be aware of.

Don't trade with amounts you can't afford to lose.

No longer, days for day trading have started to weaken. Unlike before, the volume and coin options are limited to that, but nowadays, more and more coins are added by decreasing trading volume making day trading very unprofitable. Even most people will take a risk for loss instead of being patient.

before entering the world of trading you must first learn the techniques that exist in trading because without this knowledge I think it will be very unconscious which results in large losses.
In trading profits and losses exist, because not all must profit

Being profitable doesn't come from day trading or long term holding. Its in our strategy on how to choose where to invest and being updated to all the what's and why's of the coin. There are days we consider red and green. We must be able to identify what to buy and when to sell to really earn.

Being profitable does not depend on an exchange, and there is no trading sites for newbie only, we are all welcome in a trading sites whether new or not as the more they increase their users, the more profit they have.

I think you better study trading first, don't get too aggressive when you still lack knowledge.

I tell you, day trading is not easy as you think.

Right said, now a day price is getting change continually so we will have to find best time for day trading, now in market so many new traders are getting in but for them it is not good to trader for day because in trading we need allot of knowledge and time to spend, in short it is full time job so those who can afford, day trading has allot of income but needs you to learn until to its best otherwise I prefer long term trading.

When day trading just know that your entries are not everything.

Don’t forget:

Risk management
Trade management
Position sizing
Emotional control
Exits

Are also very important if you want to be a good day trader

yes definitely day trading will be more useful for the people who want to get the profit in his daily life and frequently once he entered into day trading he definitely had the money in his hands each and every day with a profit but the work pressure is definitely increased in this trading.

Day trading is only for those who are experienced traders. Not everyone can earn from day trading because you have to make very short and precise trades with tight stop losses. In bear market, day trading is even more difficult.

Investment is not gambling if done thoroughly and carefully, but day trading most certainly is. But the problem doesn’t just lie in the highly volatile nature of the practice but actually in the frequency itself. Because you make lots of transactions, you will also pay a large quantity of fees for a relatively small percentage gain on money invested, which further diminished the methods reliability.

When you decide to do day trading, you must be prepared to analyze as well as possible, you must analyze and pay attention to price movements every time. the benefits of each price change that exists, a slight increase is very valuable because the most important thing is we can gain a lot of profit intensity. day trading requires good ability and enthusiasm, believe that when we always try we will get the best results.

I identify and analyze it, I think it must be done to get daily profits. so I think this must indeed be applied, because nowadays day trading sometimes also experiences losses and depends on how our skills are for the daily trading.

Long term investing is more profitable and less time consuming. Day trading has its fanatics but most people fail at it. You really won't find many rich day traders. It's a good way to start off when you're trading small and when people build a portfolio they usually leave day trading and switch to swing trading,

Certainly. There are different trading strategies and each of them is profitable, otherwise it would not exist. Just every trader chooses a suitable strategy and made profit on this.

I may think that in all areas are now profitable, trading, mining and etc..Gaining profits will depend on us personally if we work on it pretty hard then expect there is a surprise return from those hard works. We just be patient and keep moving wearing positive insights into the future, we can make it instantly. If we are un the hurry, maybe it is not the right place to stay.

Tools are there for you and it's definitely profitable but lossing is more likely for amateurs, just look at the votaility on BTC and the even higher alts,  combine with more margins and futures, you can definitely make BTCs in days but I figured not much individuals can do it alone and some degree of luck is involved

There is no sure profit method we can generate in trading. Trading will involve emotions that sometimes could ruin our plans. The price movements won't always run as expected and sometimes we even meet with the worse scenario where the price keep falling down. At such situation, for sure most traders will find it hard to manage their emotions that will lead them to make emotional decisions.

Yes that is right. Day trading is profitable that is the reason so many people are in the day trading and they make pretty good money. And in fact quick money. However, for long term success in crypto and if you are looking for huge money in crypto, long term trading often is more preferred over short term or day trading. It depends on you which to choose.

The final profits are almost equal to for the same coins when keeps for long term on one side and short term on another side in a specific time interval. After HODL when you cash out the coins either on BTM or any other exchange the profit with be almost the same as that resulted from day trading. Don’t put yourself on much stress because there is stress and pressure in day trade so you should pick long term plan.

of course this is still very profitable for many people who dare to take risks, because daily trading is very risky, especially with high volatility in the last few.

If you feel like you want to be a day trader then you should be ready to put your whole focus on it, cause it requires a lot of focus and most of the people I know that are into day trading usually don't have a day job doing except day trading. And before you go about quitting your job because of day trading you should be very sure that you have learnt everything that has to do with it and how it works so that you don't just end up being a loser, cause in day trading you're risking your money everyday and anything can happen to you at anytime, either loss or profit.

beside to take the risk , we have to compete our self with trading skill.so we will understand which coins we have to buy and in which price we have to enter.if we have this skill we will able to minimize our risk.

if a person sacrifice something to make the money in his life will definitely suitable for that day trading opportunity otherwise no one will take the chances in day trading to put their life into difficulties that's why it will not suitable for lots of people.

It is profitable but only if we are doing it in a proper way. As in fact, every method is good and profitable as long as it’s done in proper and logical way. I do it all smoothly under FreshForex thanks to their mighty offerings from low spreads to high leverage and there is even 101% Tradable Deposit Bonus, it’s truly fascinating in every way.

The things that we need to prevent is greediness because this will make us cannot take the profit and still want more profit. Day trading will be helpful if we can know how much profit we want to take in a day so we can know when the profit is reached, we need to stop no matter if the price still giving a chance to us to trade. The other things that we need to prevent are don't try to trade if the price is moving so fast because if we don't have good skills, we can get stuck in the high price.

It will be profitable if you know the strategy and you know how to manage it properly because day trading is not as you think some of traders are messing up even they are old to this trading. It's really its up to ourselves to how the strategy we will do in day trading to make a profit. We need a lot of study and learnings before we got a perfect strategy.

IMO day trading is one but for sure it is the most profitable way of trading.

Analysis may give an idea but nothing is going to give cent percent assurance for profits.

It depends on your strategy and how you control your emotions. Most of the trader lose  money because of emotions and sentimentality. To be a good day trader, you trade objectively and do not over-trade (trading fees would goble up your money).

Day trading is really profitable, and it is very effective whether you are using it for Forex and Bitcoin/crypto trading.
But you should full of knowledge and well verse on this things anyway. Because it maybe profitable but can also put your
capital in danger if you will be neglectful were it can lead you into a situation to be wreck as well.

Of course it is profitable. I use day trading and I can say with confidence that it brings profit. The main thing is to organize your time.

A lot of traders earn through day trading, so we cant say that it is not profitable. It seems to me that this is one of the easiest strategies.

Best advice on this so far. Start small and simple, incrementally taking marginal risk at a time. 

If your intend to being a profesional trader who can do day trading with profit consistent then you have to get rid of something that you might thing is not important. Because in the trading field you have to understand many ways but if you don't you will confuse when you find a market situation than you never seen before. It will be good if you learn all trading science even trading forex science it will be good sometimes. So as you will have a ton of theory and you will calm when you find any market situation.

I don't think it's as easy as you think. Getting money from someone else's bag to your pocket is a problem and it requires a lot of analysis and thinking. Trading in a day often brings a lot of fatigue and you can even be stressed.
Therefore, I do not support trading every day. Please buy low and sell high, but only in potential altcoins. Don't force yourself to work all the time and sometimes the market doesn't look like what you expected.

for beginners I suggest placing the main fund on a long-term investment. and use a small portion of your funds for daily trading. Daily trading has a greater risk, but if we have skills, it will be profitable

It is profitable, if it wasn't profitable you wouldn't see anyone wasting their time with it. But that doesn't mean that there are no people who are losing as well, cause there are lots of people who lose every day, and only a few are making profit from the loss that are made by others. Some people are making loss but they still can't quit, cause they feel they will get good at it one day. My advise is that if you're already into day trading and you are not what you expected, then you should take a break. If you feel like you're meant to be part of it, then you should study and understand how it works.

True, the best in day trading is you can see the market price and you have a timing if when to sell. But if you want to have a good profit just have a best strategy when it comes in day trading, and its an easiest way to earn easily profit that it dont need to wait for a long time.

Day trading is really very difficult for newbies. It is not a great choice. Technical analysis is not correct at the moment. In the crypto market, you need more attention to fomo. Look forward to good news from reputable CEOs, then buy coins at low prices and sell at higher prices.
It is the easiest and best strategy for newbies.

Of course it can be profitable, whether it's day trading or long-term trading if we do it well and are full of careful consideration then you will benefit. But if you plan to trade in the day you must be ready to use each pump and dump it on each coin.

You mean if you choose good coins for longterm investments, as choosing a good coins for daily trading. Not every coin have potential to worth more in the future, like not every coin fluctuate enough on daily basis to be able to make some profit.
What is better is hard to say, each of us have different set of skills. I`m longterm trader, after I lost a nice amount of money in daily trading, and when I tried longterm and made a lot of profit, I found out what is better for me. People should try both and find what is more suitable for them and what is profitable for them and their skills.

I think day trading is pretty profitable because I have been listening to stories about day trading Bitcoin and people have been making pretty good money. You can make pretty good money by day trading your coins. If you have Bitcoins, you should at least HODL them till the market is a bit more high and only then you might be able to make money which will be more than what you might make in day trading.

Everyone have different opinions about day trading. Since you are new on crypto-currency trading you have to learn more and I think day trading will be difficult for you. You should know most important thing, "you can't gain always on trading even on day trading". You should have enough patience for trading. I think middle term like week or two week trading would be profitable for you. So you could acquire few more knowledge about trading. Then you can take risk for day trading as well. Obviously you should do your own diligence before trade any coins.

Indeed its very profitable but very stressful when you miss the opportunity to sell because you holds too long, stressful because the price predictions are different from your expectations, prices don't go up after you buy. daytrading have big risk you need a lot of time allocation to analyze the market, monitor in all day, you have to be ready  in mind and yourself in trade

It depend on you, bro. With newbie, i suggest buy top 10 coin in coin market cap and hold for a long time. Or if you want to learn trading, let start with small amount first. Cheers !

So happy I have one mate to agree that the number of coins we have in the market has really decreased the concentration of trade volume on any particular coin we wish to trade. If not for the too many coins we have, I am sure coins like Bitcoin, ethereum and lots of coins in the top 20 would have had more than the trade volume they have now and also have more than the value they have presently.

investors whom we have always advise to diversify will also no longer pic a particular coins to concentrate an invest in, but would rather share their investment within 3  or 4 other investment, and thereby limiting their volume increase.

It is true that trading depends on how you do it because of something you do when trading will give you financial fortune, traders must be able to patiently control their emotions and not be easy to panic.

I agree.Learn to trade for profits and not with emotional satisfaction.Of course once you day trade,make sure you are knowledgeable enough not just on the coins you are trading but also to the crypto market because its price might suddenly go sideways without any notice so atleast you are able to make a back up on it.

The limited number of the altcoins makes it easy to find the potential gem coins IMHO.AFAIK there are more than 2000 alternative cryptocurrencies in the market but I can only 30 max 40 desirable coins for investing. Day trading between altcoins can be profitable in the bull market but the trader will give back that profits to the bear market in the next market cycle.

I think it depends on person to person and also on the kind of coin you have been trying to day trade. It is profitable for many people I think because had it not been profitable, these guys out there would not have been trading on daily basis. So I think it is worth outing in your money for.

But long term HODL in Bitcoin and ETH is also something that could be worth enjoying.  So I think it is worth outing in your money for. But long term HODL in Bitcoin and ETH is also something that could be worth enjoying.

It's profitable if you are good on it, there are a lot of profitable day traders but there are also a lot of losers in day trading.
You dictate your own destiny here, just study it carefully, you don't need to be aggressive, slowly but surely and allow yourself to grow in trading until you fully become an expert. Day trading is a high risk way of trading, but this also gives a lot of opportunity to earn as the market is so volatile, with skills you can enjoy day trading.

You might have been ready for a day or daily trading but the most important part of it is that is the price of the token or that coin that day  will be profitable. If you are into day trade have it at the back of your mind that not all days will be a favourable market.

Who would risk heavy investment in day trading when there is no guarantee that the day will come with its increase. Many people you see day trading are just looking for additional top up that they can use to meet some of their minor expenses, but real investment are usually for long term trading, and even in talking of long term trading, I simply just hold the coin by buying at dip without any form of leverage, and then sell at high anytime I feel I am satisfied with the increase.

With long-term trade, you will have more chance to study all the necessary analysis that is required to decide when to exit the trade in the long run.

You should always a back up plans, not everyday will be profitable so having a stop and loss pin point will give you some good position in case
things will not favors your daily trade, you need to set your goals and think of every potentials and the reverse part if in case some unexpected
things happen along the way.

Yes it is . its profitable to some that have the guts and knowledge to do it but its not profitable to some that are scared and confuse about day trading  .  even the normal trading is also hard for a common individual , how much more if its day trading and if the market is in bad shape ? Better if they will only do less riskier things such as investing , investing isnt also hard as trading because what you only need to do is to hodl and wait for the price to rise .

Im still doing a daily trade and so far i never got any problem with it. You should dedicate a lot of your time when you have decided to become a daily trader. Not only short term trade but that situation can be applied for any kind of trade. That becomes your responsibility to take the best time and rate to buy in and when you are taking the wrong position and you will be ended in a loss.

It's hard to trade especially when you do not know trading and especially if you're a newbie but you can even trade if you are reading books about trading if you want to trade only better when you're at the same time traders who are great to be able to keep up with their rewards.

Trading isn't the thing you should have to experience as I see that you'll never have such interest in your mind.  Trading is only be profitable to those who are smart enough and making trading away of life.  We are not all entitled for this that is why many person tried to become a trade but they'll quitting in awhile.

When ever you use "trading" in your sentence, that means you are selling and buying something on the market. Of course it can be profitable, and of course you can lose your money if you have bad timing and you get into bad trades.
Trading can be short, mid and long term, will it be profitable depends from many factors. After bitcoin rise this year, I believe that we are waiting alt season to start, it`s where you have to look for short and mid term trades, bitcoin can be short sometimes, long its when ever you get in.

Day trading is more profitable than long term investment or holding coins. However, special skills and strategies should be applied to assure of profit rather than loss. There is a lot of available guides and articles to help starters of how to do day trading.

For any new comer it would be difficult but once you get set in and have some experience then you can make small money daily if not big. Also risk involved is high so one should always be playing with little capital or some excessive capital as market may turn around and you might end up losing money.

Day trade and long term both are profitable if you do accurately. But want to say that day trading is riskier than long term trading. so you should be aware and more experienced on day trading so that you can make a profit and reduce your loss when you will be in loss. good luck

Honestly, guts and knowledge don't count anymore in day trading because there are enough trading tools (bot, price app etc) which both inexperience and experienced traders use this days rather than spending too much time on analysis. But, what determine how profitable day trading will be is the capital cause huge capital comes huge profit.

lack of knowledge is a major obstacle for beginners to be able to benefit by doing daily trading. but if they are accustomed to doing so then the experience will be the main teacher for them, eventually they will certainly be able to understand market price movements

Day trading is not an easy job to make money but for that, we need to have experience in trading. A day trader needs to be very active according to the situation of the market and some time it is impossible to make profits in a timely manner.

Day trading is not that much of a risky venture provided you are not greedy type and will take profit when necessary and we also have all the trading tools that is right available to a trader which they can use to be able to enter trade at the right time and exit trade at the right time.

The problem with most day traders and why the loose their investment is because they are comparing the profit increase in day trading to that of short/long term trade. When they therefore see the little increase, they fail to take it and eventually loose the trade. Provided we are fast in getting in and out of trade without adding greed to it, then day trading will be much more interesting to us.

In my opinion day trading is more profitable, because we can take advantage of what we can quickly, and reduce losses when the market is not in accordance with our predictions

That's the risk of a daily trader, they must be ready to sit in front your computer in all day so you can find opportunities to get a lot of profits. moreover there are lots of coins in the market, there are many ways for you to earn profit, while you have the skills you will gain in trading

An experienced guy can deal with day trading and rise a lot of money with the help of this activity. If a newbie tries it, I bet he will fail. Start with long-term investments and get more experience to make day trading.

Agreed, everyone can't have the same level of experience in trading. It requires lot of understanding about the market and about the volatility of different cryptocurrencies that are available for trading. Every time the predictions we make won't get coincidence with the real market. As suggested, just invest for long term profiting and parallel to that learn to keep track of the market changes happening with different cryptocurrencies. This will let you experiment in trading and learn good in the long run.

Even for people who have a very long daily trading history with the crypto market, they are also unlikely to benefit from trading every day, so new people who lack knowledge and failure are a normal thing because trading daily is too difficult and risky, very few people can profit every day, most of them fail. And with such risks, I think anyone who chooses this method, they should combine with short-term trading, can not rely on only one method to succeed, more options will add tools to solve problems and limit risks

It depends on the crypto you wanted to trade because some crypto are for hodl which is profitable in the long run and some crypto are good for day trading. Profitability depends on your strategy in trading.

You feel everyone you see on that system looking at chart everyday are really finding it funny with their trade, you better don’t judge the book by its look, I wish I could pull out a post on this forum where the writer said he is a full time trader and yet not making profit. So how come a full time trader is not making profit.

There are some people that are just their on the trade monitoring indicators without knowing when to place order or sell, and when they eventually take a step, they miss and they keep repeating this believing that one day they will get it right, but that is for those that have patience, but me, I will prefer to hold coins for long term investment to trading.

No one is predict the long term investment for crypto trading. Because everyone expecting the quick profit so obviously day trading is the right destination and some peoples are investing the USDT or stable platform because they are all billionaire so they are all invest and holding. But reality everyone expecting the standard profit for every day so holding is not good deal.

Yes day trading is not an easy job and making money by trading your coins is yet more difficult but it is profitable for sure. But there is this bullish market for some time now which has made it a bit easier to make money by day trading your coins and in fact make quick money. I think that trading for long term is better than the day trade in term of profitability.

Obviously you'll make more money day trading if you do it for long term, provided you are a successful day trader.
That would make you rich honestly, although I like to achieved this as my goal, but my action does not speak for it yet, I'm looking for improvement here.

in the first place anyway, do you think day trading is easy?
Do you think if you are a newbie here in this industry you can do it at once and
easily once you get enter in the exchange platform? If you know the answer to this
question of mine, then you will surely know the answer to your question.

If we don't have good skills, then long-term trading will be good for us because we don't have to worry if the analysis we made will not give us a chance to make a profit. But if we have skills in analysis, we can determine the good price to buy, then we can try to day trading, and if the situations at the market are good, we can make a nice profit from day trading. But if we compare the situations now and a few months ago, it seems, day trading will give a profit to us as long as we can know the right time to trade.

I do not think it is not profitable. You can make money by day trading your coins and that pays off for many people. If you day trade Bitcoin, you might make good money and if you trade Eth, you might still make some good money but I fear to say so about TRON or other altcoin because these rest of the coins are a bit too down.

It is profitable as many says you need experience and knowledge if you want to practice download an emulator for trading or you can watch in youtube there is some tips but the best way is to read some blog or post in this forum, just invest small amount first then learn movement of coin or the flow of the chart, joining into the discussion channel or announcement of coin will help too as you will know if there is an event that will cause the coin to go up

There is no strategy who called as a safe strategy, day trading have a big risk if you don't know how to set management risk in every times you decide to buy and sell. Also, long term trading have a big risk when you use a land money or money that you need in the allotted time to choose this strategy, because as you may know the movement price cryptocurrencies is really mysterious. Maybe you often see a coin that meet increased price without any information comes but its price increased with the large amount but suddenly its price drop again even more than the original price and this will make us tempted to sell and divert our strategy. It will be good to set the target when we choose day trading or long term, so as we will know when we have to continoue and we have to stop and make the new strategy.

There is no concrete ways to learn the secrets of profitable crypto trading and every trader should create his own path. Learning from youtube can be enough for newbie traders in order to understand the simple price fluctuations but in long term it is not efficient.

Day trading is one of the most profitable things you can do in the cryptocurrency community to be able to earn a good amount of profit from your work, but there are risks involved in it, and if you don't know how to trade it you're going to keep on losing your money just like that. So you should first of all learn the trading and how it works and understand how to read the charts and know which position the market price is heading for. I have also seen people that claim that margin trading is the best, but that carries more risk than the normal trading,, but the bigger the risk the bigger the profit you are likely to make.

It is indeed that day trading was really profitable, this is the heart of bitcoin and crypto why they survived for several years.
And this is the main reason also why some of the traders survived here too for a years including myself of also.

Day trading or long term trading, no matter what you chose, they are both profitable as long as you know what to do. Day trading has an advantage of getting more profit because of swings. It requires a lot of work though so if you are a lazy person, long term trading will be the best one for you.

He willabsolute be deceiving us and himself if he thinks he can do it that way. Trading is difficult from the inset and it takes lots of knowledge, practice and strategy to simplify it. It’s when we have worked towards those necessary requirements that we can start seeing trading as something that is fun to do.

I started learning about trading when I was 15 years old and I dint start proper trading until I was 1 years and never even stopped learning during that 3 years interval. Although I was in School then, I just had it as passion to start trading as soon as I am no longer going to be dependent on my parents, so I started trading with demo and that is how I became so perfect in trading till date.

Have lost everything because of trading

Hahaha, you must be unserious about your statement, all these things has to do with passion and has nothing to do with laziness. It is not everyone you see that is into long-term trading that is lazy; some don’t even have time for all these trading stuff because they have other sources of income that is generating bigger money for them other than day trading.

Day trading is basically for those who are trying to meet up with daily ends means, while long term trading is mostly practice by those who is looking for how to keep their money and in turn also multiply it. So what are you saying mate? That long term traders are lazy? Nah.

People who have a very good experience will always make some decent profit through day trading but with the small investment, it is impossible to make the profit. An experienced person will make some huge profit through trading, people who don't have experience will have the option to go for the long term.

Day trading is definitely profitable but don't expect a fixed profit from it on a daily basis. It requires great amount of time and you will just be sitting in front of your computer watching and analyzing the chart. Also expect a bad day where you're trades aren't good and must have a backup funds to recover your loss for the next day.

Anything here in crypto space are worth working. Specially, if you have knowledge and skills. However, it is not all time you have to be so smart. Sometimes, perfect timing and right decision will lead you to success. Day trading is a profitable once you can adapt to the market movement. However, you will just lose once you go under the market without any experience or background.

Day trading is profitable if the market is on an uprise trend. I don't know if it's still profitable if the market is bearish. So I can say that timing on day trading will make profit and not just jumping on it.

It is profitable and time consuming as well. You have to be always observing the market for any shoot up in price. You should also have a specific target at which you will sell your coin and bear in mind that you will not make huge profits.

It's profitable as long you know to manage your asset it's important to know everything before you go to trading so you need to study the have more idea about trading. Find the coin that have good value and have future.

Even professional traders fail to manage a series of loss trades in bear market, bull market is the perfect for a day trading. It will become a grave for new and inexperienced trader to manage a buy orders during the downtrend, flow of red numbers. Profitability is directly linked to the ability,skills,knowledge, market experience of the trader.

Right.Invest in coins that have high potentials and when you see a positive market condition,seize the moment to make day trade and if you know how to manage the risks,you will surely end up gaining good amount of profits.Day trading is more risky than long term holding so prepare yourself through engaging yourself in a serious study on the crypto market.

As far as I know day traders are more profitable, because we can also monitor profits and if the market is not according to what we predict, we can also minimize losses with cut loss

They are actually because market is volatile and that makes them profitable, if you are an effective trader, you can maximize your income as a day trader as the market never sleeps, how I wish I would become successful on day trading, but my time has not come yet, so I'll remain patient and will keep learning.

My trade setups for today

BTC/USD
Pivot Point 2nd resistance $8,515
Take profit $8,486
Pivot Point 1st resistance $8,372
Biggest resistance 7 days $8,356
Pivot Point 1st support $8,070
Buy more $7,923
Pivot Point 2nd support $7,911
Biggest support 7 days $7,514

trade with caution. it is not all greens in the market that are gold. i am sure you understands that statement.some are traps just know when to enter and leave. else you will be force to abandon the market. it has not been an easy task for short and day traders.

Day trading can make you huge profits and this depends the amount of money you have put in. I have day trade before and it is not much different from normal long term trading except you needs to be smart in one and need speeds in execution of trading decisions while the long term trading takes time and you have time for yourself to make informed investments decisions.

If it is not profitable then people don't do this kind of trading and we are not going to see billions of cyptos exchange through many crypto exchanges everyday. But it is kind of most risky still in crypto trading so if you don't have skills for managing these kind of risky situation that just choose long term trading which is less risky compared to day trading.

Each method of trading can be profitable for you. The main thing is to use it correctly. Day trading is also profitable, but you should also consider the various nuances that may arise.

Frankly speaking, day trading for me is the most profitable if the trader invest more time into the trade. Remember that, many factors are also against the day trading becasue, most individuals will not be able to follow up the market news and it progress, thereby falling apart when the opportunity come around. Try and dedicate your time to day trading and you will gain more profits in the process.   

trading is profitable but what strategy to use really depends on your knowledge and mindset
all i can say is just always respect the market sometimes we really cant outsmart it
so when your call goes wrong accept it and move on.

Yes. Have more patience in trading because sometimes even if you see the market price very good to day trade, it will suddenly take sideways. And if you are not smart and patient enough, you might end up losing in trading. Day trading is profitable but be sure to focus more on the market and the movement of the coin you trade.

Daily trading can be profitable if you have several dozens of cryptocurrencies with good volatility in your portfolio, this increases the probability of receiving a profit

daily trading still profits as long as you choose potential coins and can manage your profits well, I prefer daily trading with small profits but can continue long-term rather than having big profits but only once.

Bitcoin is a coin with high volatility and its range can be very good in daily basis. We can use it as our trading tool to benefit in the short term style. But surely, to get profit continuously will be difficult. Making targets is the most reasonable thing to manage our profits.

Daily trading is only for people that can focus on it for the whole day. If someone has his office job and busy from his work daily trading won't suit him well. It's better to just buy those potential coins that are good for long term. Crypto market is very volatile and every hour their is a possibility that the market can go sideways.

day trading is good , but dont to greedy for profit .
the pros thing about day trading is if you get loss u will notice it ASAP and can cut loss ASAP too

This will be a choice for few people because this 24 hours you see in a day is no longer enough for people because you see people trying to do so many things at the same time to be able to meet up with their monthly income target and it would be difficult for most people who are interested in trading to be able to dedicate a whole day to trading, only pro traders can, and we already know that they are called for that alone.

Day trading is fine, I really agree with you, but the time to settle down to maximize day trading is what has always been a very big challenge and why people just head straight for long term trading.

Actually you it's not necessary to start with a big money, if you are profitable, you can easily turn your thousands of dollars into million as you will keep increasing your income as you go longer in this kind of trading.

As a trader, you may have often read so that you are not affected by the feeling of 'greed or fear' in trading. If you are a trader, trade is based on what you see on the market, not trading based on what you think about the market.

So you are saying we must trade only with watching the chart / running trade without think anything? Let say, bitcoin seems on their bullish right now, so we should buy more bitcoin asap?

Yeah earning in trading depends on the trader if the trader is good he can invest huge amount but if he is new it is much better to invest small amount and gradually you can increase the money, day trading is profitable, but it needs allot of knowledge to trade profitable, if you are not having idea or knowledge better trade for long term.

Starting with small money at least you have to have patience and good skills, because starting with low funds takes a long time to make it big in the end for your balance, and again if you don't have skills in this case, day trading will it becomes a mess for your finances because of the panic and fomo that you experience.

Day trading is much profitable if we can take all the risks along with it.Day traders are normally those who are already experienced traders and knows the market well so that they can make big gains after day trading.But if you are just a beginner in trading,do not jump immediately in day trading,better to start first in long term trading since the risks in it is not that huge compared to day trading.

We should always focus on increasing our asset because everyone will start with the low investment and after making some profit, you need to buy the potential coin which will show some credibility in the market will always help us to increase our asset.

day trading only suitable for experienced trader and have good trading skills.without this skill its impossible for people to be good day traders.for beginner trader maybe long term more safe and profitable for them,

Daily trading can be profitable depending on how much capital you have and on what cryptocurrencies your capital is distributed, the more and more promising they are, the greater the probability of receiving daily profit

but we must have a good strategy. daily trading is more risky, than we invest long-term. it takes a good psychology to deal with market movements, of course we will more often see fluctuating market movements

Starting with big money, especially, when you deal with day trading, will finally bring to a loss. It is also worth trying to trade tokens with low market capitalization. If you succeed, some more alts can be chosen.

The profit is always there for day trading, but the risk involve is what people often become a victim of, that makes day trading a nightmare for a lot of trader, and only professional trader could really deal with this day trading nightmare.

I agree with you that no newbie should ever try to day trade without becoming a perfect trader, strategy is much more needed for any day trader to be able to have a very bright and successful trade, and which is why I mostly do implore newbie to endeavor to be more of holder as newbie while practicing to be a pro trader using demo trades. This is the only way a newbie could avoid failure in day trade.

It is profitable, however for beginners it is highly recommended to start from small to get familiarity of the process with having a minimal risk involved.

Day trading is profitable if you know what you're doing. You must be aware of what to expect and has knowledge on what to consider before making a trade. Having lots of time is important to monitor the movement of the price so you wont missed the right timing to put your trades.

I tried to be a day trader before but I cant handle the stress, I guess not all traders are meant for it.

Agreed on you to that mate, I know lot of traders in crypto currency are applying that most of the time. In fact, I've been here for more than 1 year but only this time I'm focusing myself in day trade, to enhance myself more to practice too to get profit as much as possible in my everyday of life.

Right,but most of the beginners come with the intention of making profits only so they are risking more but most of them keep losing in the hard run.Day trading might easier when the market is bullish but it is better to keep holding than doing day trading at the bull run.Real profitable day trader need to make profits at the bearish trend.

for beginners do have to start with small capital and remain patient until good skills, now if you only rely on capital without skills I think it will still be disruptive and detrimental to finance. especially if you do a daily trader surely the profit you get will be disrupted

Day trading no doubt that is really profitable that is if you are trading the right coins in the platform dude.
Because once the altcoins is wrong it won't be profitable at all because its useless. And make sure you are knowledgeable
in applying day trade to your daily routine in life.

As far as trading is concern, any method of trading is profitable, but the thing is, you have to know what principles to follow and how to go about it. Day traders are making profits, swing traders are making profits as well. It all depends on the strategy you intend using.

When you say you are prepared, it means as a new trader in this business industry you are aware to all the
consequences which you might encounter in the future, it can be good or bad, you can win and you can loss too.
Are you aware of this things? Yeah, its right trading was really profitable if you're action is right, but if not you can
also be wreck, hope you get my point. Because not all the time you can win in the game.

I think, it just depends on how you act when executing your day trade. I think the key point is being rational and never act with emotion. For example, even after reaching your target profit but being greedy may resulted with huge losses. When people make losses in an unexpected way, they generally have a tendency to trade more aggressively  and it ends up with more losses. Other thing is that not exposing your account to risk more than 2%. Technical analysis and experience is also key indicator for a profitable day trading. However, It is important keep in mind that there is always a chance of making losses no matter how good your strategy is.

It depend on your capacity and knowledge about day trading as this is I guess one of the riskiest ways here in crypto profiteering.i have known few people who enters Daytrading but ended nothing and losses all of their assets because of being aggressive to earn
In daytrading patience on finding a good coin/token to buy and you must be ready in semi long term holding when time comes that your currency suddenly drops overnight.
And also never listen to anyone advising you because this is your money and you must be the one responsible for this

it all depends on your choice and how perfect you are in trading. day trading might be beneficial if you can perfect your  trading and knows how to sort out tokens with liquidity and also exchanges. most trades might be delayed due to poor trades on exchange. things you need to consider if you wants to engaged on day trading is the exchange and the token you want to trade.

The interesting point is both types of traders trade the same quotes/charts/trends but on the dissimilarly connected timeframes. Strategies can vary conditional on the market pulses, the party is not limited to the music. Profitable trades can turn to the losses if it wasn't controlled with the correct money management. Fundamentals teach us to read the given data, analyze the market behaviour and open the new trade with the last accepted decision. The rest will be done by the market, different tools on the trading platforms help us to manage the whole process.

actually, you don't have to be a daily trader to be more profitable...
You can choose to become a weekly and monthly trader depending on your comfort and financial condition. a little advice from me, you must be a weekly trader so that your trading instinct quickly appears. weekly trading is very convenient for those of us who have little capital and who want to build trading instincts, but if you have large capital and are able to read the market you should be a daily trader.

The answer to this question is obvious. If you have knowledge, it doesn’t matter how, when and with what you trade, because you can still make a profit.  For those who do not have knowledge, it is better not to trade in a bear market. If you want to trade, it is better to try to wait for the bull trend and start, in this case you will have less chance of losing your money, because it is easier to trade on a bull trend than on a bear trend.

There are people who will say that it not profitable because it doesn’t profit them. I don’t really take what people has to say, if I want to do something I just go ahead and do it by myself and know whether it will be profitable or not, cause what might seem profitable to you might not be the same for other people. But, don’t just go into trading if you have not read about it or studied the major facts that are going to be of help in it.

Before you start trading cryptocurrency you will have to learn it and understand how it works, then you can decide to try it and know whether it’s going to work for you or not. If I want to do anything, I go ahead and do it myself and when it is not working for me, then I quit from it and start looking for something else. There are things that would work out for you but you might end up missing it due to what people has to say about it.

So my advice is that you try it out yourself and maybe do it for like three months and know whether it will work for you or not. There are lots of people that are making money through trading ,whether during the bull run or the bear market, they are always trading and making profit. So if you can learn and be like these people, then nothing can stop. But, if you try and it seems not to be working for you then you have no other option than to just give up on it and look for something else.

Profit comes to those, who have knowledge. Trading is not profitable based on what time you trade for, but rather, how you trade. Similarly, day trading will also be profitable if you have a good trading plan and are done with the education and research part. Profit comes to those who have knowledge on analysis, on markets, on country. Education will never stops. If you have good trading plan with sound risk management, it won’t bite much.

In my opinion there is not much different between day tradings and other kinda trading which are you talking about. People do trade their own interest. No matter which way you like or choose you have to face two things loss and profit. I do not prefer you for day trades because it's too much risky and you are newbie it'll take times too understand it. Just trade randomly take time before you go for big fish and learn everyday from your wrong and right steps.

In my opinion so far, daily trading is more profitable and safer than weekly or monthly trading, because we can take profits quickly and cut losses if price movements do not match what we want.

About trading it will at least be profitable if you really have the skills and experience about trading itself. So, it doesn't matter what you choose in trading because even though you say day trading will be profitable but you don't have the good skills to do it, then what you do in the end will only waste time.

Day trading is profitable as long as you are willing to monitor in your all day long you can earn or profit a big amount. Some people l know in here become millionaires quickly because of trading. Even its too hard now to have profit because of low volatility. I experience also daytrading really gives profit in every trade.

People really became millionaire by day trading?
I really need some reference links and want to know about there successfully tragedy.
According to me they really would have taken high risks for which they got huge profit.
Nevertheless lets wait for the best, and i hope someday my day trading will also make me somehow rich.

Intraday trading is much more complicated than other types of trading. This requires a lot of preparation and good risk management. In such trading, you should definitely use stop loss. But stop loss brings its risks. You can be knocked out in the foot, after which the price can go in any direction.

Every style can be profitable according to the approach we take for it. If our approach is not on the mark, it could create noticeable problem for us. So the first aim should be towards getting the way right, after that we can add on with any style we have desired for to trade with. I like all types from day trading to scalping to long term. I also prefer all types of trading, especially Crypto Trading (https://cryptolinks.com/cryptocurrency-exchange), which is just so very beneficial.

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

for me it is very profitable daily trading. with high fluctuations, we can use it to make a profit. but it is not easy to trade daily, because we need to learn techniques and psychology. Daily trading has a high risk, with fluctuations that occur, if we make a wrong move, we receive a large loss. therefore learn first, before real trading

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

So, if the guy asks this question, it means that he is not yet an experienced crypto trader. I suppose that he must not deal with the day trading now, but spend some more time to learn all about its pros and cons. Doing it, he will come to the conclusions without anybody's help and start earning good money. 
For skilled people, day trading can be really a very beneficial business.

To make secure of day trading we should pick those fast moving coins that's efficient for day trading. Avoid any circumstances that put you into potential loss. Trading is somehow unpredictable, but with day trading profit always depends on how you deal with it specially the risk behind. You can expect huge profit during bearish trend, so it's a case to case basis.

Yes the more you practicing to trade , the more you'll know to take care every situation , reading the market trend fundamentally and technically.
With daily trade and a good bankroll management in it , there's no way you'll receive a huge loss or a streak loss often , just set a short term profit percentage and a long term like weekly/ bi-weekly profit percentage... stock to all of them , discipline is the key!

That's how I'm doing my day trading , so far so good better than working at dunkin donuts .

Day trading adventures are worth to spend time analyzing the market trend both fundamentally and technically. Fundamental analysis is required to find the main exit for the current trend which can turn to the bear/bull reversal pattern. The long term trading has some disadvantages that can not be discovered in the short term day trading.
More practice will polish the trading experience and dropdown will tend to decrease with given timeframes. I don't want to risk investment with small market movements, joining long term trend with solid money management is more than enough in my case.

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

Definitely they would say it's profitable because the you have more opportunity to trade due to market volatility but it doesn't matter everyone will be profitable, it is still depends on the skills in trading, if you have skills, you will likely become profitable.

People has to understand that day trading and long term trading both have risk, but comparing the two in terms of profitability, day trading is of course more profitable since you can maximize your income if you have the skills.

That doubt about profitability is always there. It becomes more of a gamble when you day trade. Moving to holding those coins because they dropped from your buying point, is one of the things that day traders hate to do but it happens often because of listening to other people's opinion and not using your own knowledge. I know there are a lot of scammers in this space, who promote a certain coin to make people day trade on it but they are actually just shilling it.

If you manage to make money from that, then more power to you. But for those who are more watchful long term holding and buying back with selling is what is better.

Being experienced in trading and being able to day trade are two different things. The second person is more advanced user who prefers to rely a lot on fundamentals and probably does trading for a living, while the first person is a general public who trades in crypto for some time now.

Its not just about knowing a trend or recognizing it. Its sometimes about proper predictions before that trend happens. Once the trend has set in you dont have much choice but to wait and watch, but if you catch a wave before it hits then you make a big profit. Also if you come from stock market trading then the day traders, at least some of them gave insider info which gives them a better edge. Again the ability to pump the market and dump it by coordinated groups also if important here.

There will be days when you have a profit of up to 10% and also some days when you lose up to 10%. This is a very interesting game and it requires the alertness of traders.
If you lose your focus for a moment, the market can regain all your profits within days.
Day trading is quite risky, so we need to practice more and learn more to avoid such risks.

How you measure preparedness? We could only say that we are prepared for this if we feel no regrets in every decision we have to make.
Willingness to put our money at risk and possible time to be wasted.

Isn't profitable anymore, if it will continue like this...we are just wasting our time for nothing and possible for losses in the coming days.

Of course it is profitable, as long as you are full of knowledge of about trading dude.
Now the question is, in what way you became prepared for trading, do you know that aside from
it is profitable, it can also wreck you in just one wrong move? are you prepare for that too?

- And the story you tell is a convincing proof that trading day is still profitable but before we reach our profit levels, we will need to go through the first losses when what we are choosing is a quick way to earn profits, fast always means there will be more danger, you have felt and many people participating in day trading have felt. However, not all participants will be profitable, day trading requires very high talent and market sensitivity, some people will move from loss to big benefits, some will move from small loss to bigger losses

Today, we have a very difficult situation in the cryptocurrency market and every trader can confirm that under current conditions, daily trading carries not only great risks, but it is very difficult.  Perhaps all the difficulties lie in the right choice of promising coins, but only professionalism and extensive experience can bring good results for the trader.

One who is prepared to lose money is prepared enough. In trading you lose a lot of money if you end up putting your money in the wrong coins. But putting them in the top few coins can also make you lose money for a short period of time. So day trading would not be everyone's cup of tea. If you want to remain healthy without having to check prices all day and sleepless nights, you could simply buy bitcoins and hold for long term gains before selling them and buying again.

Yeah maybe 10% gain/loss is a bit excess since the market is not moving that much these last 2months but it is possible and traders would take advantage at least try to for even 3-4% gains.

I think it's not good to shift from day trading into long term trading just because you made a mistake. If you're planning to do a day trading, then you should set a risk management such as stop loss otherwise you'll get stuck from the sudden dip of an altcoin you're holding. It's not that bad to accept our mistake and then try again for a better opportunity; that's what it takes in trading.

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

I tried day trading at the beginning of 2017 year, but at that time absolutely all currencies showed good growth. It seems to me that there is a chance to trade for a short period of time only when you have a large portfolio of assets.

Everybody wants to benefit from trading. With our now natural conditions, it may be easy to make a profit. I suggest that if you want to make a profit, you can invest in Bitcoin.

Bitcoin is very dominating the market and if every day is observing the market, especially for Bitcoin. Prices continue to experience movement, and it is better to buy when Bitcoin conditions are red. And sell when you have the advantage, but do not hold too long.

Daily trading still has the potential as long as it is done with professional and good skills, I think maybe this will be one of the determining factors to make trading still make a profit in the daily run.

Accepting that there's really some time that your position will be busted when dealing with daily trading can increase your confidence to keep enhancing your skills, you don't need to be stuck if you properly set up your stop loss and accept those losing position, there's always a good chance in the following
day that you'll be able to catch up and recover your loses.

Though it's depends from investors/traders points of views, there's always good possibilities to those who's willing to stay optimistic.

I think it’s profitable when you know how to trade in any market, including marginal trading.

I completely agree with you that it was daily trading that brought a large amount of profit for each trader who was engaged in this activity, but one more thing should be mentioned that the results directly depend on the correct selection of coins.  Until recently, I considered Bitcoin as a very profitable coin for daily trading, but today Bitcoin is a little feverish and those who engage in daily trading of Bitcoin have slowed down their activities a bit, if you pay attention to what is happening with the BTC price.

The essence of the strategy is to create short-term orders. For example, a trader buys 100 XRP at a price of $ 0.26. At the same time, it creates 10 orders - each with 10 XRPs. Within a few minutes, the price of an asset will increase for a short time, for example, to $ 0.32. The purchased coins will need to be sold immediately. The benefit, in this case, will be not big, however, when conducting such an operation with a large number of coins, the amount of income will also increase.

That’s really interesting method of marketing manipulation, but we need to have a huge amount of money.

I am sure that in order to get good results from trading, you need to use the right tools.  As an example, we can cite signals that are very actively used for Forex trading.  Thanks to this, any trader was able to get considerable income and successfully learned to use all available tools in the foreign exchange market.  I do not yet have any experience in cryptocurrency trading, but I hope that I will find a lot in common with Forex trading.

Daily trading is very risky to get profit. Because if we see any kind of business in the world, we see that it isn’t reach the moon or his goal in a one day. So long investment is better than daily.But, if you are very expert and well-known about trading in crypto-currency, then it is ok.     

Day trading is profitable only, if you are already knowledgeable and full of idea about it.
And you must ready to face the consequences if ever you make a mistakes while doing
in the actual trade platform, because on day trading your character as a trade will reflect in it
for sure once you implement this methods of earnings in crypto.

After all, nothing in just one day had a very large increase like getting to the moon, so with him willing to do day trading at least he was prepared with the risks. Day trading will be profitable in a highly fluctuating market, so no one expects big profits like getting to the moon if it is only day trading and traders should have realized what percentage of profit they might get in day trading.

One of the main problems with day trading is that you need a huge level of skill to make it work, many newbies attracted by the promise of easy profits and also attracted by the fact that those that day trade and are good at it most likely will not have even a losing week think that they can do it as well not understanding that this is by far the most difficult way to trade, so if you are a newbie it is way better to start with long term trades.

Obviously this means that it will take you a long time to gain the necessary experience to become confident in your abilities and your system so you can become a day trader, but that is just the way it's supposed to be and when a newbie tries to skip this process most likely they will lose everything they have.

Yes, now it is very difficult to learn how to trade on the cryptocurrency market because the market is very unstable, it is much easier to trade on the market when the market goes up.

You should research and choose the exchange you feel safest before trading. Choose trading form short-term or long -term, to suit your requirements. With short-term, you can earn about 1-5% per day depending on your investment options, but the risk of losses is higher than long-term. I recommend choosing Binance as an exchange to do trading since all altcoins listed on this exchange are highly stable.

Actually all kind of trading is profitable if your strategy is working well. My opinion is that you firstly need to test your strategy on the live market within a small balance.
For me day/short trading stressful, long trading take much time but low risky, mind it BTC Market so volatile.

On which platform it is most convenient to trade daily? Who uses the Binance exchange?

Can you explain why the price would increase for a short amount of time after you create those 10 orders? I understand that if you buy a 100 items with a MARKET order, through slippage you will drive up the price - but that will be difficult to make profitable as you need to be able to sell the coins again on the top price, whereas you just bought away all orders from those who were willing to sell.

Please elaborate!

I also want to begin day trading too, I think I'm ready for all the bumpiness ahead.

That’s good. Are you planing trade with short positions or only with long?

Yes day trading is profitable for me that's the only way to have profit. Even its a little profit but it can help to my daily needs. But if you patiently monitor in trading you can save little by little in every trade. And its a big help for me to have savings to hold and wait for the price increase so that l can reach my dream price in the future.

In what type of currency are you prefer to make savings after successful trade?

Any way of trading is profitable, the matter is how experienced and skillful you are. Day trading is not that easy, you need to have a quick reaction, constantly monitor the market, know technical analysis and be able to read candlesticks, etc. But if you're prepared for that, pick a user-friendly exchange like CEX or its additional platform CEX.Broker, https://cexbro.com/. The exchange itself is quite comfortable and reliable, and you can start from simple trading and see if you can perform it in a profitable way.

That is the common problem of some traders, they have strategies but the question is if it is effective or not. This thing might have to clear for all traders, it is not all about knowledge and skills in trading but to have luck as well.

Yes,  trading is a risky thing and not for everyone. We can try this but the question is if can survive the stressful life.

   Statistics says that most of the day traders lose money, just handful of them make a profit. From comments on this forum, this statistic is accurate, I see more people who complain
than the ones who wrote about making profit.
   We have many good exchanges, user-friendly, many trading tipsters, but it looks like that does not help much. I advice people to invest in holding first, and after they finish with that
to try trading with some small amounts. Only like that you can feel comfortable, if you day-trade with your entire amount you will be nervous and afraid from losing that amount.

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading,  day trading is good if you know when to buy and when it need to sell already.

Some people maybe already face their coin get dumped very hard. What make it different is how they solve it. That is why i said technical analysis is very important. We can't always ask other people what should we do when we stuck in a coin. Because if only rely on something like that we will left behind.

Yes, if you have friends that you can have suggestions with trading this can be help for you they can guide you what should do and what things shouldn't do .  it will lessen your lost if someone will guide you before making a decision about trading.

Depends on what coin we choose to use for trading. maybe in addition to the top 10 coins very possible price changes that are very far 'dumped' that is why before determining what coins you want to be the choice of coins for short trading, you need a little research about the news and also read a little market chart that is happening last week.

In day trading you need to have some bots running to give you information. Thats why developing skills will help the trader, or maybe a team of traders with developers running a day trading box jointly with their individual shares. The tough thing is that not everyday would be good for a buy/sell margin movement and thus they players are going to try more of jumpy altcoins and not everyday would be in their terms.

The advantage of long term holding and selling is that you would lose very little sleep over your money if you are confident in the asset you bought. I wont call trading a business. Its a method of making money by speculation separate from gambling.

All of the ways on how will you Trade your coins are profitable, it relies on how high quality you are in Trading.


A big NO for me. This is not true at all, there is no right or wrong coins in the market, the only thing that could go wrong is your analization, you could buy a coin which you thought it is a good one based on your technical analysis, but the next day you bought a coin that has more potential than you bought the first day, in short, they are still both going to give you profits, the only difference is that it is you who made the call.

No one even told you to buy that coin, the responsibility is all yours, so in buying or choosing a coin to trade, always take your time to make your final decision.

I'm not sure about that, day trading demands plenty of time, you have to be alert and stay awake pretty much all the time or less you'll miss your chance having so many profits in your wallet. Day trading sure gives you quick profit if you will trade the coins that has high volatility and high trading volume, such as bitcoin itself. Day trading is very risky since one wrong and you're done for that day.

This is just for the people who have a strong heart and prepared to lose any amount of capital every single day, this is also called "short term" Trading.

As long as you know what you're doing then you can make profit. I've experienced doing a day trading and it will consume your time and need to always check the chart every hour(for me) and very stressful since you need to buy or sell and make a stop loss just in case you miss a sudden decrease of value.

But if you have a lot of free then you can do it and better to always have a target price.

my roomate does alot of daytrading on the stock market and the btc market, he watches charts and find a good spot to get in and a spot to get out, but he has alot of discipline.
Most people that trade are mostly gambling guessing where it will go and that never works in the long run.

It depends on your experience and reserved capital on day trading.

The problem with day trading stems from its very root- being very risk. There are traders who lose their investments everyday due to day trading but they quickly recover those losses depending on luck. Also, it varies per coin depending on what resource you would invest on. Preferably, you would want to invest on high volatile and priced coins in the market and withdrew them quickly once the price increases from 10-15% from the initial price you acquired them.

It all boils down on experience, knowledge, and luck. There are experienced traders who still incur loss in day trading but it may be profitable once you start having the knowledge for it.

Yes, it is. With enough leverage, anything can be worth trading on a daily basis, i.e. enough return can be made for the time spent.To be clear, if you are trading using  BTCUSD on a daily basis you dont have to sit front of the charts all the time. Trade off on Daily time frame, so that you have to  only look at the charts once or twice  a day and make trading decisions in just a short period of time.

Daily traders are only for people who continue to be active online to always check the market situation, and the profit you get depends on your expertise because to do that daily traders must have good analysis to choose potentially profitable coins in a short amount of time?

and most daily trades only make a small profit compared to old trades that are more profitable, it all depends on your goals and needs and if your income is only from trading, there is no harm in doing your daily trading even though it is risky.

what is your experience qualified? what I mean about graph analysis, MA, RSI, patterns, etc. and look for news about crypto, and determine which coins are good. because daily trading desperately needs it. in addition to determining the target profit and loss must also be calculated, 2-5% of daily profit is good. Do not trade all in daily. unless you really have good information and supportive graphics.
Buy when you get a rumor, and sell when the news is released. it's very powerful for profit. and profit or not, is your own ability to determine.

Of course, daytrading can be profitable. However, as a beginner it takes a lot of time to learn and understand the market. Before you understand and learn how the market works, you will not make any money. The big problem is that many people never get to that stage as they have seen daytrading as a quick and easy way to make money. Before embarking on daytrading, one must acknowledge that it takes time and is not easy.

Still need to improve. but with this idea we can accumulate more strategies. and day trading is not easy as we think. just imagine that we loss big if we are careless and not focus on market. and not easy too to find any alts to buy and sell. time management is useless if we can't have knowledge how we should start in day trading. we should need to experience this all to make our trading skills improve.

if you have a lot of capital then at this time you can do daily trades which in my opinion can still provide benefits as happened in the current exchange where it has begun to turn green again, you must be able to have a lot of trading to be able to get a lot of profits to trade daily because if you do not have a lot of capital it is difficult to be able to get profit.

I don't think you can make a daily profit during this time period because the downtrend in the last few days has caused a lot of people to lose a huge amount of money. In my opinion, whether you have a lot of money or a little money, you need to have a specific investment strategy because this is not a place where you can make a good profit.

I have personally participated in this market for a long time but I could not control my assets because the market continuously has unexpected discounts and always makes investors feel scared when investing.

Yes of course you will get a profit in daily trading or called short trading. As you can see many trader are getting more profits of there Daily trading because they are know what they are doing.
Learn more and then go for daily trading to get everyday profit.

Day trading is really profitable because it is one of the fastest way to earn cryptocurrency, but doing day trading is very risky because you need to put a lot of your time to it and you need a lot of experienced when it comes in trading, so it will be easy for you to manage all of your trades and to minimize all of your losses.

Very profitable if you really have free time to be able to do daily trading. the average person who trades daily is those who work as a trader. and now so many are working on it. the benefits can also be said big. I myself am still working and trading when I have free time. not as a daily trader every day and live it to get additional income

Become a daily trader right now is no need to watch the chart everytime.
The traders determined their position first before the char move. Where they wanna sell and when they wanna cut loss.

Day trading has been proven that it is profitable for many users, yes, some other people cannot do it, but most of the users can do it, so there is no reason for us not to do it as well, we just need to be patient and determined while doing it. But, if you are the type of person who is really busy then day trading is not fit for you and go for long term.

It is profitable but sometimes also risky, you really need to study every coin you buy, Because it's just a mistake you can stack at that price and you really have to wait before it goes back to the previous price you buy.
My only tip is that you should also split your investments so that you always have back up funds.

day trading is profitable but can be very stressful. Usually the professional traders put buy or sell orders in their price range which was pre decided. to start trading , you must start with small n see how it goes before risking big

Day trading is porfitable if you really want to take that because day trading is not checking the value of the coins everyday but also reaading aome news everyday or article about the coin that you have for sure that you earn everyday and the step that you do in trading. But for the others day trading is not profitable because the true profitablefor them is longterm trading.

It is the opposite, most traders cannot really become day traders and there are many reasons why this is this way, the most obvious is that to become a day trader you need to dedicate completely to it and very few have the time to do so since many have other jobs and they have families to take care, you should only try to become a day trader if you can arrange your life in such a way that you can trade all day, if not possible it is better to stick to other methods of trading.

I agreed that with you that day trading is mostly influenced by fundamental news in the cryptosphere reference to the president XI Jinping blockchain announcement that is applying only technical analysis as a day trader is very risky a lot of knowledge is required so as to have an edge over the market and make consistent profits.

Day trading is very profitable if done the right way. Because it can't be done every day we do day trading. Must see the market
conditions first, if the market conditions are green and the volume is very good. that's the right time to do day trading. The level
of difficulty day trading is very high and the risk is very large. So doing day trading must have the ability to read charts, movements,
and news related to coins that we will choose to do day trading.

Exactly day trading is too risky and market conditions are hard to predict so we never make good profit. But majority of the day traders are knowledgeable person so they know how to survive on all the condition. It make low profit on daily and If we compare to later it is more than enough profit so day trading is always profitable investment on crypto.

Day trading will be profitable if you can trade. Profits or not it depends on how your expertise and knowledge in trading. To make it easier for you to not have to do technical analysis, I suggest you try arbitrage trading. Arbitrage requires you to do a fee simulation and calculate the profit value, this will increase your knowledge of the exchange platform and market volume.

daily trading should still be profitable if the market conditions are crowded and at this time the market conditions have begun to show signs of increasing market crowd you can see when the price of bitcoin on yesterday could rise so much in one day.

Indeed, if the coin you are trading is really good for a day trade. But if not dont go to day trade. In day trading you will get  a little by little amount of profits, make sure that the coin you are investing is really active. I already have an experience on it, if you want to have a faster profit but not so huge you may try to day trade.

profitable if you focus diligently doing it and have quite a lot of capital, because if a little capital and do daily trading is will need long enough to enjoy the full profits. oops... don't make it wrong, there is another way even with small capital can get a lot of profit, that is when the market is fluctuating up and down sharply, take advantage of the opportunity to choose which coins are trending up and down significantly.

Day trading will be profitable if you can trade. Profits or not it depends on how your expertise and knowledge in trading. To make it easier for you to not have to do technical analysis, I suggest you try arbitrage trading. Arbitrage requires you to do a fee simulation and calculate the profit value, this will increase your knowledge of the exchange platform and market volume.
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I have a question , can you please help me out .....I am just wondering , how do people make money on arbitrage when it looks to me at least , that the difference in price on 2 different markets is usually about the same as trading fee ...how do you make money then ? Thanks a Lot !

Yes day trading is profitable but you have to pay attention to the market at least every hour . The market is chaging so fast with these cryptocurrencies

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

Ofcourse the technical analysis is the core knowledge that we must have before doing daytrading.
And choosing altcoins that slightly stable is also needs for doing daytrade. Altcoins with no upcoming news near future is reccomended to choose for daytrading.
And for enhancing our technical skills, we have to see other experts analysis and learn from them

sharing our knowledge each other will give us more knowledge and tricks how to face unstable market.from expert analisys we will understand how they could survive for long time and able gain profits consistently.techical analisys could not separated with fundamental analisys and it work together to produce best result.

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

You should set up your cut-loss in order to maintain your target. Day trading is risky, but  planning your targets, both for profits and losses,
helps you enhance your chance to take every opportunities trading inside the market. There's people who are benefiting from this market even though it has a volatile market movement. They are able to anticipate and carefully manage every position that they've taken in order to earn from the market.

Traders who have more experience are able to find ways to earn. Both bull and bearish have opportunities, you just need to work with your
skills to anticipate the right position to take.

Daily trading is only profitable when your investment is in millions of dollar so when the price fluctuates 20-30$ or more it will give you good profit but on the other hand, it has high risks as the price fluctuates then you will lose your money in minutes. For me, long term investments are always good and profitable.

Hi, yea i know. I am a daytrader on BTC and it is nice to daytrade with. You need to take a look on the trading fees, because they are expensive for daytraders. So you need to choose the right broker for daytrading. On my case the best is Binance (https://www.binance.com/de/register?ref=W7VSZWQT) where you can save 10% of tradingfees for lifetime. Just use this refferal code: W7VSZWQT.

Very profitable because when we trade the daily period can have a daily income and also usually more free time when trading we can actually provide benefits quickly, but indeed when we want to become traders in the daily must be ready with time that might require more to analyzing the market. pay attention to market movements. and also we must have a plan so that all can be arranged neatly

Day trading is profitable I have seen a lot of people making fortune out of it. But on an overall scenario only 1% out of all the day traders become successful and actually earn money. Most of the day traders lose money because not everyone has the ability to take over on their emotions and make decisions quickly. Only a few are blessed with such instinct. Moreover there is path to become a successful day trader and that path consists of tons of failure until you reach your goal. Most of the people just don't have the patience to continue until they reach the successful stage.

There's no doubt that it is profitable, however, based on the market we have now is day trade is somehow not a good option due to the fact that the market is somehow stable. Engaging in day trading requires a lot of time and effort because every time you must read the flow of the market and make a plan out of it. Moreover, this will be more profitable when you have a huge amount of funds because fees will surely be an issue.

Not all traders can have profit because not anyone can be a great trader, just a small group of traders can get profit everyday, but also there are many cases, even the most experience traders can't have enough profit in a down trend market. so day trading is also a good choice to help traders get more profit but that is if we have time to spend on the day, and really good patient to endure the market.

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

It needs perseverance, determination, and focus on it, and make sure that you are willing to devote your time, as its needs time and effort in doing day trading. You have o sacrifice time, effort, your sleep just for you to check a good chart, a good signal when you need to buy and to sell.

Sure! Look at here https://neironix.io/news/numbers/bitcoin_price_analysis_on_october_28_continued_growth_of_bitcoin_and_chinese_blockchain_projects
Here for 1 day, three projects grew by 50%. You could increase your deposit by 1.5 times in 24 hours!

No, you don't need a huge capital to get started in trading. Having simply $100 or more in your balance is plenty. The fees are low enough when trading crypto that even that small amount is fine. You'll start with $100 then make a few dollars on your first trade bringing you to $103. Keep repeating this and you can see how this can add up pretty quickly. However, having a lot more money to work with will guarantee more profts and more losses.

That's true sir, long term investment  always paid off but of course it depends on what coins your are holding. Day trading also profitable but you must be quick thinking here with your trade.You must have a good strategy here in order to have a good profit.But sometimes when market is toxic even if you are good enough in trading, you need stop and recalculate your analysis or let the market stabilize again and resume day trading.

Yes it is profitable even in bearish market if you have proper knowledge and skill to survive in the market or the coin in which you are trading have growth oppurtunities and you regularly monitor your investment and take instant decisions.Many have gained huge profits even in these two years with their talent of trading in this volatile market.

This is not true at all, day trading is profitable no matter how much is your funds, sometimes I do trading within a minute-hours of interval, you just need to do a leverage trading(marginal trading) where you can multiply the gains or lose of your money. The profit is actually big and can double the money that you put is single trade if you wait for days or week, but mostly within just hours the profit is good as long as your trade will not be liquidated.


Small or Big capital is worth it, as long as you are learning and having a profit in trading. You can add monthly to your capital or just simply trade with it, If you think you can do better do a leverage trading to multiply your money. It's simple just make sure you know what you are doing.

Day trading is only profitable when the asset that is being used is a potential one and the trader has sound level of skills. For instance a bitcoin day trader who understands the nature of his holding and profession very well, would make huge amounts of profit from this. But if one of the essential is missing, he won’t survive for too long. Selection of a potential coin and patience are important.

I'm getting in too!
Can someone post a few reccomedations (anything you would say to someone who starts daytrading).
Is it cool to use platforms with tools such as Coingy and Newscrypto (tools like: cointrackers, performance, charts)
Thanks for help!

It doesn't matter if you do day trading or long term trade. Every method and plan requires different strategies and it doesn't work to just mix match it. Instead of keeping with only one way to earn, you can just do both to maximize your profit. Kinda hate when someone asking X stuff but they didn't do that in real world.

Day trading is very profitable these days but you have to know what you are doing to get the profits. First, you need to learn about day trading from the basics to actual trading. Trading is not easy you must learn to trade before you can make money with it. thus, learning about trading is compulsory or else - you'll end up losing your money. You may start learning about trading from YouTube crypto trading tutorials, it is free.

Right, whatever is done with a planned strategy so even if you only focus on day trading or long term trading I think it will generate good profits. But indeed, it would be better to do both because that way you can take advantage of every moment, and all of that will definitely be profitable. Different if you do a lot of ways but you do not have the skills and a mature plan, if that happens even if you ask for advice from others you will still find it difficult to make good profits in trading.

I think it is profitable and you can make a lot of money by doing a day trade but it will depend on the movement of the token/coin you are trading on the market and how much of amount you have so you can earn a lot of if you have bought a large amount of shares.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

It's much better to master one method each time before learn another one than learn 9999 methods but none of them are working. It's all about focus and knowledge, it doesn't matter if you just know how to do it but practically you never do it.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

I think if our intention to invest for a long term, we don't need to check the market and look our trade often because we will panic when the price drops and we ended cutloss, and when the market price rise again we'll buy it again and we'll experience a big loss.
Checking investment for like every month is enough if our intention is for long term investment

If you choose day trading to make a profit, you need to have a good temper to calm down because the high volatility of the market can cause you a lot of difficulties in investing. I think not everyone is confident enough to do this because just a small mistake in the transaction will make you easily panic in this market. I am afraid of losing money in this market so I will usually choose short-term or long-term investment to ensure my profits better.

In fact, you need to have a lot of experience in trading and need to focus a lot on the market because not every day you can make money and certainly the pressure in investment will make you feel more worried.

He's referring with the condition of the market, when you want to invest with short term trade and make a daily profits then you need to find projects that have good volumes and the movements is not stagnant instead moving faster, both sides there's still possibilities that you can earned if you have a good timing to place your entry and your exit point. Your knowledge are the driver to find and select moving coin for your benefits.

For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well. :)

Risk is only for those who are new or who are not having knowledge about trading for me there is no such risk. I like to trade for the long term only but the reality is trading has profit even if you are trading for the day. You will have to gain Knowledge then there is no risk for us. Day trading has a huge amount of profit only needs knowledge.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Yeah every traders must be experienced loss, and even it is called daytrading, we've not always to sell it in one day, if will depends on the market condition also, if a coins that will have a good news or events in several days, holding for days is not also bad for daily traders. And splitting trades into many coins is a must for a daily traders.

Not every day trader lose money but some earns too it depends on the trader either he likes to sell on daily based or to wait for the good time. Day trading is really not an easy task but people mostly enjoy it and earn money from it with help of their knowledge and keeping an eagle eye on market. We also should learn trading well if we want to become day trader.

This is common not only among day traders but among traders in general, many are attracted by the possibility to increase their capital in a short amount of time not realizing that money needs to come from somewhere and the money comes from the many people which come to the markets and lose it all, this explains the great disparity among traders in which most lose their money, a few earn some money and even a smaller minority seem to get most of the profits.

It will profitable it depends to your capital , you know how to manage it well. But if you are not sure to day trading much better to study it first so you get some idea about day trading to avoid big losses too. Research is a big help to collect some strategies too about day trading or ways of trading, because as you know we are different strategies to make a good profit it comes to trading.

All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.

If you have a lot of self-control, look at the 1-day charts, select good entry points and set reasonable goals for profit. Lots of the folks here don't have that, they're FOMO buying and HODLing too long to chase that extra 5% spike in value that lasts all of a few seconds. Greed is what puts a lot of altcoins traders with easy profit opportunities into red.

First thing you need to know is that this isn't a get rich quick scheme. You will lose a lot of money learning to trade and unless you're comfortable with the initials losses, you won't make it. At all. If you can manage 5% a day you will be a millionaire within the year, My advice is, throw whatever amount you are okay with losing into BitMex and learn the system and start messing around. You need to practice, develop a system and learn to control your emotions before you can begin to think about making money trading.

   Good idea to become a good day trader we should abstain mistakes but if make any mistake try to learn from it and don't repeat as much as i know day trading needs full time work and you will have to remain present in market all the time if you can do this then trade for day it’s profitable. Day trading has so much earning but only need an expert mind.

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

Read more people analysis and compare them each other, you will have your own conclusion to make a trade if you read them a lot.
My daytrading was work well this year, i can fund myself for living just by doing daytrade because this year is the most stable earning from daytrading for me.
The key is read people's analysis (especially from pro traders, you can see it on tradingview) and also follow up the news from the up to date medias so we won't encounter loss cause of bad news

Day trading only suits for people who has a great patience and has a lot of time. In day trading you will get a little to big profit or sometimes nothing it depends on the coin you are invest with but yes it is profitable I have tried it before and I gain a little in my asset but that was before when I have no job to work for . You need  to pay attention in day trade  so that you will go with the flow of the market.

in daily trading you will find profits little by little by exploiting the instability of the market every time, so we are required to be patient. and true if you say daily trading is more suitable for people who have a lot of time. I also feel the profit when I trade daily, my strategy is to buy when the price is low and sell when the price is above the purchase price. if the price does not match what we expect, I will be patient to wait until I think, I have benefited. but all that I do with coins that I feel are good, not just holding a coin. must be careful in choosing, before the loss befall us. because right now there are too many coins whose prices are going down, but it's hard to go back up.

No doubt the profits made with day trading or daily trading are little ones but it is the most beneficial form of trading because the trader is able to make benefits on daily basis. On the other hand, it is also the most difficult one as making right prediction on hourly basis is a tough challenge. Patience, knowledge and the right coin are required. It is best to choose bitcoin.

I have always been strong advocate of this fact that day trading is possible only if the trader has great patience and free time, only then he or she is capable of generating decent money out of fluctuations. Otherwise it is great option to go for long term trading if the person is having bad emotional control. Investing into bitcoin and some popular altcoins can save you from distressed situations and get you nice profit.

I highly agreed, doing a daytrade can cost you to stay at home but it will depends if you are into stock msrkrt, crypto or  forex. I would say doing a daytrade in crypto will depend the exchange since you know that every exchange has a different volume so you need to check who has the biggest since you will to make a transaction and execute position immediately.

But it has risk doing a daytrade because you may lose your money if you don't know on how the market flow and technically reading a chart.

And that my friend is the issue with day trading even if you are skilled enough to make profits with day trading you need to make it your main occupation and if you have a job or other kind of occupations then you cannot really day trade at all because you may miss an important movement in the market while you are doing something else, it is better to become a swing trader that way you only hold your coins for a few days to a few weeks and you can perform your trades in minutes and it combines really well with whatever job you may have.

Agree, we should always plan based on the characteristics we have when it comes to trading, we are too emotional then we should always plan for long term investment by choosing the right coin. If you are capable of controlling your emotions, then it will surely help you to start day trading immediately and it will surely help you to make a decent profit.

In my opinion, that strategy and technique are the most important because if they understand that, they can be patient and control their emotions, because they know which direction the coin will go. because honestly, if you don't have strategies and techniques, you will play trading like gambling relying solely on instincts and luck.

I think a lot of people already did that thing. Because we can see sometime people start trading activity when they see people who already success from it. And then without enough skill or maybe knowledge they start trading. I have seen a lot of people in my community do that thing. And in the end, they blame the coin that they bought and say it is scam coin.

How to do it properly is the question here. I mean, not the expert here but had tried some daytrading which recently turned out as a cool idea.
Watch market, educate constantly and use whatever saves your time to make thoughtful decisons.
Not the easiest job but worth it!

 yeah it is very much true that in our society people follow the successful people very blindly but they do not know that behind the success there is a lot of hard work, such is the case of trading that people follow the successful traders and do whatever the successful traders do, but they do not have their own strategies which is completely loss, because they cannot handle each and every condition of the market.

You need to be in control of your emotions when day trading because this is a problem not everyone can do in day trading. I have met a lot of people who failed day trading because they could not bear the pressure that the market caused and suffered huge losses when investing. If you are good at trading then this is not a problem to worry about but most people here are very panicked when the market collapses. I think it is best to choose long-term investment and should not be greedy when investing.

Every form of trading can be extremely profitable, there are only two issues, the first is if you know how to be profitable in that particular form of trading and the second is if you have what it takes to be profitable in that form of trading, in my case while I think I know how to profit from day trading I know I do not have what it takes to be a good day trader, I do not have the time or the ability to take really fast decisions and I cannot sit down in front of my computer all day.

I'd done 394% in btc for this year or 760% in USD
https://clip2net.com/s/44vNZjf
https://icryptofan.com/monitoring/88d84aff-3094-4dd7-99ca-4fec92e65392

So yea... day trading is profitable, and yes you can invest in my trading xD

Its not always the same price everyday. Every seconds it changes. Most likely you need to monitor it every hour or so if you want to earn daily. Daily profit in trading is possible as long as you set the right price. I think its more profitable if you just leave it for days or months. There are really coins that don't easily goes up in just a day. Otherwise, there are hours that it will also rise but most likely its on the time you are at rest.

True better to leave it for days than to monitor it everyhour  we busy to another work and also we need some rest so it is hard to monitor it every hour. But some are not really busy so they can trade and monitor it every hour and they get more profits.
Day trading is very profitable when you are willing to look it every hour once the coin get up you can sell it anf buy again once price goes down.

Day trading is very stressful and must be focused on hourly tracking so sometimes you will easily panic if that coin drops. I have traded many times this year but my chances of making a profit are very low because the constant volatility has made me a lot of investment losses. Maybe I am not suitable for this trading method but I will choose to invest in the long term because this is also a way to make money in the bear market and less risky.

I agree with you here, you are truly right that day trading is profitable. Trading is made to gain additional earning but you only have to be a perfect trader. Learn as much as you can and keep your Eyes on market changes when the price falls just buy and hold so when the price Will be high trade it. Those who become emotional and take foolish steps, cannot make profit in trading especially day trading needs perfection so they should spend a small amount.

Trading should really master the technique, and don't be greedy for profit, better playing a long-term investment that is vulnerable to risk.

You can read how to increase your trading profit by 20% without increasing your risk    (http://www.foreximf.com/blog/strategi-forex/6-cara-tingkatkan-profit-tanpa-perbesar-resiko/)

Most people assume that daily trading can take a lot of time, but of course it depends on how we do it. if we can set the time to trade, for example, make a schedule at certain hours to carry out trading activities, of course we can take advantage of the market situation under any circumstances to be able to make a profit, even though the benefits obtained are few.

Those article is explain in forex trading and i think forex and cryptocurreny is really different, Cryptocurrency is controllable by people who have big amount of coins in many markets and it's hard to predict the price moreover the coins are having low volume, these coins who have low volume is often manipulated by the whales

Determine the capital limit that you want to trade every day, this is very influential when traders want clear profits, time efficiency is also in line with this, so we focus on discipline, and the rest is to continue to learn how the nature of each coin being traded in the current timeframe, this takes more time at first.

Trading is always profitable way to earn but you have to be a professional trader to earn regular basis .There are many strategy to trade you were saying about day trading .As i know day trading always help you to earn rapidly but you have need a huge amount of  capital to trade . So as a new trader it is so risky to do day trade .That's why i wanna suggest you to study yourself to success on day trading .

Yes trading is always profitable way, and daily trading if with a little capital will only waste time especially if a newbie trader (I've experienced it). being a professional trader also requires a long time in learning technical analysis but in the end indeed it will give good results.

I spoke with the manager of a crypto hedge fund recently and he had this to say, take from it what you will:

"Retail trading activity has died down a lot lately, most of the activity and volume is now from institutions. We all want the retail trader little guys to come back, because they're the ones who let us take their money."

Yeah, agreed but it will only be profitable if you choose the right one altcoins. Because the problems that happened always here is most of the traders they chose the wrong coins were they think it is the potential one but its not actually. and most often those traders are too impatience instead to become more patience while they're doing for short or long term.

Being realistic, all the traders rather professional of all domains are destined to be failure at some point of their career. So that is pretty common and something not to be dis-heart about. As a noob, the chances of losing are always high due to lack of experience and patience. For day traders, holding a volatile coin is a must. Then understanding its fluctuation pattern on daily basis needs to be done.

I think if you have such a question, then for now you should not trade on the cryptocurrency market. It’s better to practice your demo account for now and develop a certain trading system for yourself, and then you yourself will understand how it will be profitable for you to trade.

Isn’t a good and effective trader been made by their accumulative failures he had done which he learned and applied it to himself in order not to do the same mistake twice since he recognizes that there are no undo button that he can press which would bring his lost money back to him? Being a beginner in day trading might be quiet risky so I suggest to start in a little bit of capital and play a bit with it for a while in order to familiarize with the crypto market and to know which coins that you prefer to do day trading.

Another huge mistake is people don't take profits. They'll hold an altcoin as it goes to a 200% return, then get greedy and don't sell as it crashes back down to 0% and eventually -80%, hoping that it will come back. Take those profits when you've got them ppl.

day trading or short term trading is not good at all and is risk too much especialy for newbie and new traders.
market cant give correct result in short term. look to prices of bitcoin and compare between last year and current year . and if the market have big change fast this is the cause for danger trade of day

It is not an assumption, day trading takes a lot of time and there is no way around it, if you want to have access to the best trades then you need to watch the charts for as long as you can, and even more importantly you cannot get distracted while doing so because by the time that you react to the move in the price it could be too late and this is especially true in the market of cryptocurrencies that has a tendency to move really quickly unlike other markets.

In one way or another, profit is still the most important in the market. I think that if you have a specific strategy, day trading or short-term trading can help you earn high profits because this market is at a very suitable stage for you to invest. I don't know when the uptrend will return but if you trust this market, this is a good time to consider investing now. In addition, you can also choose long-term investment if you want to avoid big risks because I know that the downward trend will probably last until the end of 2020.

I agree if you say daily trading is very risky, but when you say that daily trading or short-term trading is not good at all, I disagree. many people can make a profit by doing daily trading, they take advantage of the volatility of market prices every day by taking profits little by little. sometimes someone does daily trading because they have free time and if they only invest long-term, maybe they think that free time will be wasted. usually a beginner does daily trading, because they want to learn things about trading and at the same time they want to make a profit by trading daily. so in my opinion daily trading still has benefits and I don't agree if you say daily trading is not good at all.

Day trading can definitely be profitable, you just need to go into it with patience and enough knowledge to make successful trades. Also, never trade with more than you can afford. Start slow and build your way up.

the essence of daily trading is to measure profits from the current chart session, unless you are not targeting daily earnings.

currently not so good for targets of 15% and above because bitcoin surges, with a 2% profit limit and stop loss still possible to find, or at least not too loss. Daily monitoring charts also require this kind of strategy.

Many newbies do not really believe that you can make money in the markets by day trading because of the high level of difficulty that they have to face and instead of concluding that they are not ready to become day traders they come to the conclusion that if they are unable to profit from a style of trading then no one can, but we know this is the wrong conclusion, there are many traders out there making profits with day trading but it has taken them years to master their craft.

Trading simulator will be really good for all of us specially for newbies in trading because surely they will not know what exactly they need to do when they first step into trading platforms and they will not exactly know how will they apply their analyzations and for people who are trading for some time they can use simulators for testing their strategies.

I agree for your opinion but certainly if they invest a huge funds it will be easy for them or us to trade and have a little of time to practice more to have a better experience.

A trading simulator can be a great way to learn most of the aspects that are involved in trading but there is just one huge problem and that is that it will be impossible for you to simulate the psychological aspects that come from winning and losing money, many traders do not really stop to think about these factors but they are really important because they are the most common reason why traders take bad decisions in the markets and the only way to train those aspects is by trading with real money.

Profitability depends not only on a chosen type of trading but on numerous factors. First, you should be informed about the situation in the cryptocurrency market, so keep an eye on volatility, maybe use info bots like this one – https://t.me/CexIoInfoBot, etc. Second, never forget to learn. You can’t develop a strategy without knowledge and knowledge never appears from nowhere.

I think, to be able to get profit and whether trading at this time will be profitable or not, it depends on how our strategy is to start and whether we can read the market well, also if we dare to take risks, because in my opinion if we have all that, then with any condition it will not be a problem to be able to get profit

Even with a very well-tuned stop loss system, you won’t have any guarantees that you will remain at least at zero. For day trading, you need to understand very clearly in what price corridor the coin will be traded in the next day and when there will be a transition by levels. This is extremely difficult. All day everything can go well, and then you lose everything you have earned for that day. It is imperative not to be greedy.

In my opinion, even with the current state of the cryptocurrency market, daily trading can bring a very good income, but only for this you need to spend a sufficiently large amount of time to continuously monitor the market, while the professionalism of a person must be at a sufficiently high level.  Of course you are right that the use of stop loss gives certain guarantees for the trader, but for some reason many traders refuse this function.  True, I still can’t understand why, because I am just learning and working on improving my scalping strategy in order to make good progress in this direction.

It's profitable if you know how to do it, anyone with decent experience in trading can make profit in day-trading. There was an interesting thread about daytrading concerning psychology but i can't find it at the moment, will post it when i find it.

Yeah, it’s profitable way to do day trading, but needs to be done with proper calculation. And I do just that with help and support of FreshForex and their mighty Rebate scheme, it’s fabulous and helps big time to have any strategy as profitable.

Of course, daily trades can be profitable if we are already experienced and must have experienced a loss. So not necessarily every day profitable because in the sidelines the next day sometimes the market can not be controlled and can not be in the predictions according to technical analysis, even though in fact the daily trader should always pay attention to the chart Their daily trading.

the thing that is quite difficult to control in daily trading is a percentage income from it. You can earn 2% or even 5% of the assets you have, but when you get stuck at a price, then it can become unwanted trading. don't overdo it in daily trading, even the 5% profit is big enough. it's just that, there are many risks that need to be considered, such as sudden decreases that force us to hold coins for quite a long period of time.

to anticipate it, always set aside profits and trade again with the previous capital, for example, already get 5%, convert profit in tether. and return to doing the same with initial capital with a 5% target plus a 5% stop limit. if something bad happens, at least you have nothing to loss.

Daily trading does require quick monitoring of changing charts, but if it is still in the same weekly range, fluctuations will always return to prices that are not too far away.

Making the profit out of the fluctuation within a day is not that easy. It requires the learning, and should have the better observation over the market every minute. This ia quiet risky, but to the risks if the prediction becomes true then profit will be very big. If it isn't profiting  we can't find increased number of day traders in the market.

The reality of the day trading is it only gives a small amount of profit everyday but as long as you are making money through trading then you will have a compounding interest and at the end of the day, you will have a huge amount of cash. Day trading is indeed very risky but once you know how to play it well, you can make a living out of it and quit your job.

The day trading strategy is really depends on the traders, considering what type of trader are important. Day trading is not my forte because I'm a momentum trader and a swing trader. I have day job and that's why I cannot do day trading. It is important to consider what type of trader are you for you to handle the risks very well.

Trading is profitable and has a loss. sometimes your number of failed orders is more than the number of successful orders but your profit is higher that day. Therefore, the management of capital is one of the very important things in daily profitable trading. You can execute margin trading, binary options, ... all of which will bring you profit if you have enough knowledge and study hard. and my last advice is that you should not start with a large capital, this will not give you much experience because you are more afraid when entering the order. Start with just $ 100 and test the knowledge you have learned.

You are right, people who have good experience towards trading will be making some decent profit through trading. It is impossible to find the day trading thread because within minutes the prices will fluctuate based on their knowledge, it will surely help themselves and they will make a decent profit.

of course still.. personally I am still able to make a small profit from trading.  just look at changes in the price of Bitcoin this week, if you buy Bitcoin last week and then sell it now, you will make a profit of 1% - 3%.  so trading today is still profitable, just how can you control your greed.

Ofcourse daily trading is good and need some experience and it will take to be study as usual without experience in daily trading it is hard to predict price and market flows.

The potential rewards in day trading is high but the risks are also high. In day trading there are specific trading setups that you should know in order to win. You should always monitor the price action in order for you to have control in your trades. There are a lot of traders who losing in day trading so not all of traders are suitable to it.

profit trading or not depends on you. now I think if we are good at managing trading it might be very easy to profit even though it is daily trading, just how our trading techniques and there is a lot of trading knowledge that must be considered

The intraday trading method is a controversial method of its effectiveness, but it is very common. Day traders play an important role in the market, helping the market liquidity better and more vibrant.

Although day-to-day trading is quite common for new traders entering the market, inexperienced, but in order to succeed with Day Trading, you really need to have experience, capital and trading discipline. high…

It is profitable but at the time when all of the coins are in the rising position while in this time it is better to hold our coins for long term because it is the time of bitcoin bull run and in this time all of the coins are waiting for the the halving after which majority of the coins will start to gain value as the traders will start trading their coins.

It is not hard work for them who are experienced as trading is not possible without having experience. Day trading has a lot of profit but better learn it well before starting as keep your eyes on market and work hard to become an expert trader, day trading needs more time than long term trading but the earning is also good.

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

have experience in trading and knowledge about losses can not remove the lose because it just minimiz. in the right now day trading still profitable see the cryptocurrency price not stable so take profit for daily is good to do
in trading you just see the chart, event of coins such bitcoin will halving so you can take it, etc

The potential is pretty high for get a lot profit, probably higher than most people make if you’re good enough. the reality is that most people aren’t successful. for one, Focus on consistent profitability, then figure out how to maximize your gains from that without taking on too much risk. However, If you want to become a professional trader then don’t limit your options. You can trade without hemming yourself in to day-trades. There are any number of option strategies where you can make 40% to 50%+ annually and more reliably, but that may take days, weeks or even months to develop.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

^^^ i don't think you quite understood the difference between trading and making investments dude. Fay trades, bu definition is not an investment. The aggressive approach that trading has is not how you make investments. Even short term investments take longer time compared to making day trades. The risk involved is also a bit different as i've always believed day trades are a lot difficult to master.

Judging because it is happening on the cryptocurrency market, I assume that many traders refuse daily trading in the volumes with which they worked in past years.  The situation is really unpredictable and therefore the risks are increasing.  Several of my friends generally transferred their assets to more stable cryptocurrencies in order to protect themselves from losses.

It can be a real earner if you know what you are doing. You need to have great virtues to be a successful day trader and tow of those are tenacity and patience. Tenacity to have the guts to follow your gut literally and that voice within that knows better what to do - your guidance coming through intuition and also the patience to wait for the right opportunity to pounce and to know when to be still and when to move in this volatile market of ours. You can't just blunder in and expect to be an expert form day 1 because you want to get rich quick. You need to study the pairs very well the ones you wish to trade and also you need to do a lot of thorough research so if you are left holding any bags, at least the bags you are holding are part of a really legit project or show good promise. Another bit of advice, don't follow FUD or FOMO, usually do the opposite of what these subliminal voices want you to do.

It is profitable if you can apply the principles properly. You should devote your time to it, by so, you will be able to monitor the various factors that influences it which will enable you place your buy and sell margins effectively.
I am a day trader, so I am advising out of experience,  I must say again that it is lucrative but there are loses too which do not have much significance if you are well informed about the market.

When prices are more stable then of course it's not right to make it a day trading, because day trading itself will at least work well when prices can move up and down in a fast time but indeed, the percentage of profit is not much but it's better because that way we will make profits slowly every time whenever it is.

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

Trading is one of the most common transaction today there are many users are exchange their money and gain profit by doing it. In trading we have two way of earning first is the long term trading, this method takes a long time before you earn and the coun suit for this transaction is the bitcoin because before the price change it takes a lot of time to earn, but also bitcoin is the most profitable coin too. Still, it would help if you waited for a long months or year before you get your earning next is the short term trading this is the process you can make money every day, but bitcoin is not suitable for this it is ideal for altcoins because those coins are volatile too but does not change too much unlike the bitcoin, those methods are both profitable it's your choice.

Altcoins are always chosen by investors for short term or day trading since they fluctuate in prices easily and that too within days. Bitcoin is a mighty coin which does not fluctuate in price within days or weeks; rather it takes months and years. We all know that there are two types of investments but what matters is which type is your type. Often people go wrong here and this is where their downfall starts.

The thing is since bitcoin is down, whole market will stay down and this is not happening for the first time. I believe that prices are going to move upwards when halving will occur and that is expected by the mid of 2020. Right now the best thing is to simply buy potential coins and keep them in wallet until and unless market does not turn green again. There is no need to sell any potential coin in disappointment.

my personal opinion is yes, trading is profitable if you can analysis the market properly

Which is why I have chosen long term trading as my favourite way to trade the markets, without a doubt there are day traders out there that can make a lot more money than what I have made with my system, but to me that doesn't matter because the profits that I can generate come from only watching the markets each day a few minutes while the profits that they generate come from watching the markets almost obsessively every single day with no rest and that is something that I do not want to do.

I preferred trading altcoins that has big volume within 24hours and also bitcoin. I don't want to mention an altcoin that is really good for doing a day trade because it is very complicated and i don't want to blame by someone that pick that what i have suggested.

And I think that day trading is really good for making a profit if you really want to take a risk, making profit of long term trading is really good but it will takes time and you really need to wait.