Bitcoin Forum

I know there's a lot of day traders in stocks, and I've heard some do it in crypto ( although most do it at a loss ) so I'm wondering if realistically you can do a profitable trade in crypto.

Let's take a real example.

In this mini rally we're having, I've noticed Illuvium is one of the few tokens that is in the red( less than 1% on the daily when this was posted )


1 ILV is $119 on my CEX... but the sell price is $116 and the buy price is $123

Doing a simple trade using USDC to buy one ILV token would cost me $10.40 in ETH Fees on EXODUS. If I was doing it from my CEX, it would probably be cheaper, but I'd end up paying just as much ( sometimes way more ) if I want to take my new ILV token and deposit it in a hardware wallet. So either way, even if I buy ILV and it makes me a 15% gain in less than 24 hours, I barely break even !
So how do I make a profit ? Do I need to buy 30 ILV to maximize my gains ? Or is there any other way ?

I forgot to add... if ILV does make me 15% gains in one day... and I want to "lock in" those gains, it means I have to sell into USDC, which means selling at a slightly lower price than the quoted price and possibly losing 4% in the process.
And by the way, I don't know how this would work in stock trading, as I don't think stocks go up by 15% to  20% in one day... most likely they would go up by 4% on a good day

To my understanding, what you have explained above is simply an arbitrage example, where you buy cheaper from platform A and sell for a higher fee on platform B. It is a separate type of trading entirely different to day trading.

Day trading involves you watching and studying chart movements for particular tokens and aim to trade atleast 1-2% profits more than 2 times a day from each single pair. This involves good knowledge in TA as well as trading psychology.

Be sure to understand that the 2 methods of trading differs so you do not rekt your capital.

No my friend, I think you misunderstood me. It's true I mentioned two platforms, but I'm just comparing the cost of trading on two platforms, the whole trade could have been done in either platform beginning to end, no need to go from one to the other.
What I meant was:  Buy ILV while it's in the red. Wait till it goes up 15% in price. Sell it into USDC.
That whole process would barely break even for the reasons I explained before.
And one other thing, both EXODUS and my CEX ( just as an example ) allow swapping one token for another, so I normally don't need to look at pairs. Just buy using USDC or Tether, make a profit, sell into USDC or Tether. Not that I have done it like that though, I trade in longer timeframes.

Let's just take it this way. Day trading is profitable if you're good at it and manage to have those decisions right if you're into spot trading. Also in futures, there are people making money there but it's not easy because they've studied very well on it and invested money just to lose in return for the lesson that they'll get. But setting aside those stories, the majority are losing more money in trading and that's the reality that has to be recognized by many.

^ Definitely right and here is my simple explanation.
Day trading is very risky, it seems like you gamble your money, though it is profitable it's also easy to wipe out your money if you will be made a wrong decision. In gambling, it is a high odds which is possible can make a high profit.
However, if you are good enough at trading it becomes very easy for you, you need skills and knowledge before you will become profitable in trading.

Day trading is not suitable if you are going to keep withdrawing and depositing into your CEX daily, especially if you have a few funds. Also, you can decide to use limit orders instead of being a taker or user of market orders if you want to sell your coin at a specific price.

Day trading is profitable if you know what you are doing. I speak from experience.

Day trading is profitable, but the question is can you handle the stress? How much knowledge do you have in trading?

Simple trading strategy might not work in long term so better to work on learning how to trade effectively using a different indicators to know the trend. This is not just a simple buy and sell, successful day trader spend their time analyzing the price movement and a real trader will not come into the battle without any strategy.

Yeah, there are similarities between both of them. You either make it or break but most of the time, you'll break it. The risk that day trading has is also the same as gambling because emotions are involved. And if you're too emotional with your trades then you're unlikely to make it.
At least for trading, you can do it by studying and gathering experiences and ideas and strategies for you to win without luck on your side and that's the opposite of gambling.

futures trade maybe only suitable for those have good result in spot trading , they could analize market well and also manage their emotion and psychology. maybe for some traders, future could growth their balance massively due its potency in each trades that could earn more than 100% only in short term, but for some traders it could easily make their money lost and even liquidated by margin call.

If you're going to day trade, you don't have to keep withdrawing the amount you will buy or else you will just definitely lose profit plus it's very hassle to do that repeatedly. What you can do is just deposit a specific amount on the exchange like 100$ then use that to buy and sell crypto. Any amount beyond 100$ will be considered your profit, it's up to you if you will withdraw it on a daily basis or maybe weekly.

Since crypto market is very unstable, getting profitable in day trading is difficult to do. Even expert traders still prefer their job or other source of income rather than just focus on trading.

However, it comes back to adjusting to each person's ability to trade,
because not everyone can trade futures so think carefully first and that's important,
the risk of losing money will always be there so we must be prepared for that

There's basically no point of day trading when you say that the fees would cost you around 9% of the trade.
The volatility of cryptocurrencies is good for day trading but you will have to move to another platform like binance.
So that you don't have to pay such a huge fees. You can target for 3% to 5% gains where the fees is around 0.2% on binance.

If you're good in spot, yes, you can be good in futures. But a newbie who jumps quickly into futures without having to try with spot, really are risk taker.
They're blinded by the leverage that others are setting and doing and think that they can just easily do it without anything to worry about. That's how the newbies today, they won't mind the risk they're taking at first tries but eventually will realize that they are doing it wrong.

Everyone who trades knows the risks. It's not just losses to crypto trading. even we can lose all our money. especially in futures trading.

for those who have mastered futures trading, looking for daily profits is very possible. even get 15-20%.
but it looks like the OP is still a beginner at crypto trading. which is indeed a different market on spot trading. even though trading on the spot, I think for day trading when we can choose the right asset we can get daily profits which we can lock in profits to accumulate in long-term investments.

By day trading you can make 10-50$ daily profit using minimum $500.  If able to take right entry at right time. I love day trading.  But I always use altcoins for this. Altcoins price go up and down constantly. So day trading with altcoins is profitable. But if you think about bitcoin or Ethereum then you must have to hold them. Btc & eth is not for day trading.

Day trading is very convenient to make profit if you get the right entering position and this is one thing that make traders lose, wrong entry. If you enter market at the wrong time, you are certainly going to lose especially if you use a stop loss, the price will hit it before reverting to your position. I think day trading requires alot of care and accuracy to get better position for maximum profit.

Day trading is profitable depending on the strategy that your using in order to navigate the volatile market, and can equally be stressful unlike swing trading.  Using like 15Mns -1 HR time frame is good if you prefer going into day trading while the Bigger time will be for direction. The most profitable way of trading is swing trading with that way you don't need to keep your eyes on the market looking for possible set ups and opportunity to take a trade , this where the biggest money is made and less stressful. So to profit from day trading you really need good strategy.

Day trading can give you profit but it depends on how good you analyze market movements. In addition, the coin selection factor will also affect our analysis because if we only use one coin to trade such as choosing bitcoin, it will not confuse us in trading. We only need to analyze how bitcoin moves from every minute, 15 minutes, 30 minutes, 45 minutes or 1 hour or more and we can see where the price will move. But if it trades more than one coin, then the time we need to analyze will be longer and we may be late in deciding.

Day trading is profitable but it will only suit those who are fully equipped with knowledge on how to do technical analysis. It requires skills for you to deal with the volatility of the market because you can't just apply the basics of trading here which is to buy low and sell high but rather you have to deal with the movement of the market and analyze it. You should also have enough time to focus on it so you should be well dedicated.

A day trading is very dangerous and people do get lose in such kind of trading. I believe that people who is into trading vis aware of the risk involve in a day trading. A day trading have two options advantages and disadvantages aspect of it. The advantages aspect of it, is that it comes a time of day trading that any amount you trade with and you will make Profit and the profit come surplus and some times too the lost comes Mega.

Whether you are daytrading/swing/scalping there's always a risk involved.It do only differs on the time on where you do spent up on making positions and making decisions whether you do close it out.

Yes, its true that this is really something risky and not for everyone kind of trading on which you would really be needing that sufficient experience and skills before you could able to handle day trading.

Make yourself a little bit more better with swing trades or trend changing kind of trades before jumping into day trade.You can try yourself and if you do find out yourself that effective
then it wont really be a bad consideration on trying to make some switch up but of course this wont be simple as it looks.

In my opinion, both day trading and long-term investment can be profitable if:
- We understand the science
- We want to learn it
- We want to be consistent
- We have good tips for controlling our emotions because day trading will be very emotional, especially with market conditions that often change drastically very easily. That is why day trading may require more risks, moreover if we are new enough in day trading.

day trading is something that will bring you losses in the long run, I can give you a concrete example using day trading with bitcoin - USDT

imagine that today you buy bitcoin at the price of 23,050$ and then sell for 23,500$, but after you sell the price of bitcoin rises to 24,500$, you no longer have 1 BTC = 24,500, you will have 23,500$ and if that continues, it will arrive a time when you will have less bitcoin and consequently less daily profit. The solution is to buy when the price goes down a lot and sell when the price goes up a lot and this can take days, which means you have to trade with a chart of 1h, 4h or more hours so that you can read the price movement of a long term


In this cryptocurrency market, day trading at the end of the day is a big loss and very stressful, I particularly do not recommend that people day trade. sometimes a person can spend hours on the computer and only make a small profit but when a week goes by, the person looks back and sees that if he had bought and insured more days he would have 10X the profit he had doing day trading

At least choose a coin that have smaller spread and higher volume so your 15% gain can cover the spread and net good enough profit. If you want to day trade, learn how to do it properly. I believe it is profitable but it takes time to get a good grasp of it. And even then, you can still experience losses from time to time.



It is not a loss of you are making profit from it. You can only call it a loss when you lose money not when you gain. However small your gains are, gains are gains. And day traders does not just make one trade a day. They make multiple trades and take advantage of how volatile crypto is. Those small gains can sum up to big gains if you do it constantly.

And most of the time those which are interested in trading the markets do not have any of those characteristics, they are interested only in making money and make it fast, and while that is necessary, otherwise they will not take the time to try to become traders, that is far from being enough, they need to actually be interested in the markets and their movements otherwise they are never going to invest the time necessary and their skills will never progress to the point they can become profitable.

OP, you should concentrate on cryptos with high trading volumes and volatility if you want to be profitable in addition to learning the set skills for trading. A crypto with high trading volume, will present low commission charges on trades. So, you don't have to be experiencing the type of large gap you find as commission charges when you buy or sell like you do when you trade Illuvium. With its high price level, I believe $8,350,000 24hrs trading volume is way too low. Again, you don't have to keep withdrawing to a remote wallet if you want to live on day trading. Of course, there are legions of traders who live solely on trading. It's as lucrative as becoming a doctor or an engineer. Just have a handle on it and be patient. What kills most trading accounts is impatience.

Although trading seems a risky but still very profitable in trading.Day trading here is definitely risky.But you must make good decisions while trading and never trade with wrong decisions.Trading is like a complete gamble if you make a wrong decision it is very risky for you.And especially if you want to trade on the trading platform, you must be very experienced. If you are not experienced in trading, you will not be able to profit from trading Lose more.

There are different clustered comments that are contained here.


Both daily trading and swing or whatever kind is risky as it is profitable too so it is not just daily trading that is risky


Trading itself is not a gamble but a trader can do a gamble of his capital if he doesn't do the proper thing and if he realise his mistake while the trade is on, he can end the trade and take a smaller loss than losing everything but for gambling if the game has started, you wait for the outcome for lose or profit.

Users who trade crypto losses or profits it is one of the nature of fairness and reality for the user himself, speaking realistically, Of course, in the world of trading, not only crypto, to trade in the real world, you must also have an understanding of the situation and the development of markets and goods, the same thing happens in crypto trading, the market, demand, analysis, charts, when to buy and sell is something that must be studied wisely, to make good $$$ value and overcome losses.

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But if it refers to the type of crypto Illuvium (ILV), for me ILV is not a coin to trade / day / hour, I think ILV tends to be more directed towards futures trading, it can be seen from the movement of 7days / 30days / 90days and 50 weeks of movement.
7 days ago, ILV traded on Binance for $99 and rose to $123/7days.

Since the crypto market is currently in the red and the ILV is trading at $110 on Binance, I think that in order to make a profit one should look at the market developments in the next day or two, maybe ILV can touch the level of $88-$50, maybe it can be sold again 7-15/30 days in the future, to get better results.

Yes, day trading is profitable for those that understood the system very well in the community because very easy to make a good profits but very easy to reduce someone to zero level in the community. If you don't have knowledge about day trading don't try it because it will make you to see other people that is making it in day trading as if they have another thing they are using just that they have the experience. I will advise you to have more knowledge about  day trading before going into it, because the price of the market can remain low through out the week or month which will not help you to make a good profits at the moment.

If you know how to trade, you can profit from day trading.But must trade on good coins and choose good exchange for trading.Let's say you trade with bitcoin, but bitcoin is going up and down from 500 to 1000 dollars if not every day.Here if you understand the signals about trading then you can profit in this place And if you don't have any knowledge about trading then trading why you can't profit even by long time trading.

It is always profitable for the others but the question is if you can be like them and manage their trade so well. This is been a question to many and asks if it was but you as a trader could decide and the results certainly depend on you. Because you can just say and think OP that some traders are in huge profit and it does with you also, that was not the case in trading due to we are in different strategies and much more different from decision-making which it changes the results between you and me (as an example).

Of course, with the market volatility, traders can always make profit from it although it's not as always like everyday due to the high volatility but it is enough. Although, it always depends on someone's capability on how or what kind of strategy they were using to make a profit and I would say most of the time they choose Bitcoin over other altcoins although some of them do trade some altcoins.

Day trading is profitable or any form or way how to trade, you just must train yourself to be a good trader, like you have risk management, have good emotions and you will be a good trader.
You must train yourself first at the start, you will identify where is your forte, if you are dedicated to day trading then it's for you. Learn the basics first.

now there are many literacy and tools to help us in seeking profit in daily trading. I think it takes time for us to learn all that.

Unfortunately, not many newbie traders are aware of that. most just follow the hype they hear. and accidentally get an advantage, of course, it makes their confidence increase. without studying the market, they end up mostly using their estimates to determine the assets they will trade.

The desire to make money in crypto trading every day only happens if you have enough knowledge about it, you can't make money in it everyday if you just depend on luck because it's not designed there. Let's assume that you earn 15% daily in crypto trading although this is quite high and difficult for an ordinary individual trader to do here in the crypto space. Maybe it's better not to withdraw your income right away or you'll earn it in one day, instead accumulate it for a few days depending on what you want, so you won't regret the transaction fee that will be deducted. Now, whatever your reason is why you chose ILV to trade, it's always your choice and we don't care about that. Because I believe that crypto trading is really profitabl if you have enough knowledge about it. And there are many who believe in this and there are also many who lose in the end that is also the reality of crypto trading, whether stock or crypto trading is the same, there is a risk that comes with it.


I just want to add something, you just mentioned driving a car, I also want you to know that if you are a driver you know all the responsibilities in terms of knowing how to fix if your car has a problem no matter what this is an issue, and you also know all the regularity and policy in traffic and the safety of the people riding in your car can tell if you can get to the destination you are going to properly, as well as in the practice of crypto trading that you want to get I see you here every day. You should also know what to do when to buy and sell at the right time and opportunity, and you also have an idea of ​​how to read the graph correctly and other things like that.

Using small capital when you do day trading is not that profitable due to the fees that you need to pay. Doing arbitrage is also the same, if you want to buy in the CEX and sell it in the DEX with small capital it's not that profitable tho. Just trading in one platform and don't force yourself to do day trading, as long as you can take profit in a few days or in a week it doesn't matter as long as there is some progress.

I think day trading is very suitable during bullish market conditions because in such conditions the market is very active and the trading volume is very high, but if ywant to do it on altcoins then the altcoin must have high trading volume but be careful because can get stuck at high prices if do it in altcoins so that it ends up in the holder or sells at a loss

In an active type of coin day trading is potentially be profitable, you need though to master the market sentiments and all the possible influences that may affect the asset to move, not easy but once you already know the strategy or when you already establish a good system that will work in any types of market movements, you'll be aware on how to sort then pick suitable coin for your day trade business.

Day trade inside crypto, if you understand well the volatility of the market will favor you, scalping is good with high volume market4

every movement can bring decent, especially if you really have a decent amount of invested capital.

For me personally you need to have some trading skills and keep an eye on market every time to figure out your next move if you are day trader and it's more risky so for me only long term holding is best.But yes day traders make profits and loss both but it depends on various factors like choice of coins, market sentiment and any news coming out that can affect the price and you need to study the candlestick patterns as well so it's more of brain work that you have to do making decisions.

Daily trading is worth and get profit depend how smart and active checking with coin have drastically pump and dump every day, but not easy when watching thousand kinds of altcoin because several of us active trade and watch with 30 coin kinds. Personally I make bookmarked with ten coins only and make me easy controlling about which one coin have to trade, keep not guarantee I can earn profit in daily day with trade cryptocurrency, some time about two or three days later after my entry earn profit.

Day trading can work in this situation in which the price is always changing every day so you have the opportunity to buy low and sell high.
If you can analyze it better, you can make a profit from this current situation while you are still waiting for the next bull run.
Besides that, if you can buy low for bitcoin or potential altcoin, the price can jump so high that you can expect to make a bigger profit.
But if you think you can not analyze when the price reaches the low price, you can just buy and hold it.

Yes, and we can't deny that many people will enter trading during that time for they are aware the situation that prices keep on growing and earning a profit isn't hard and it never takes so long. But if you dare to try it during the bear season, that is certainly a big test of your capability to control your emotions and patience, and sometimes we end up losing at the end of the day. This is the reason why many traders had just held instead of doing trading as a safe escaped.

And day trading is also very profitable when you trade with huge capital most especially "Spot", because I have once trade it and the profits wasn't that much since it wasn't a huge capital, but at least reasonable enough trading USDT with my native Nigerian Naira Fiat currency, with a few minutes price difference selling and buying. And for me Binance seems to be okay for day trading, but actually I have not used the rest, but hopeing to try them some other day

day trading is very profitable for those who can choose the right asset to trade. like your experience trading USDT with your fiat currency. because there is an opportunity there and you can take advantage of it.
trading is not only profitable BTC, the results obtained depend on how good our skills are and the capital we use. most importantly too, we must have skills for day trading.

You could consider trading bitcoin up and down a grand, but that doesn't mean that it would be profitable to keep doing that forever. It's a small amount of profit based on what the moves are and you have to be on the right side majority of the year to make a good profit.

If you do right moves for 250+ days a year and only make bad ones for about 100, then you would be fine, but are you really trusting yourself to make that much profit that many days a year? I personally feel like it would be smarter to just invest, and wait for it to go up because if it goes up double, that is more than enough for me. Imagine if you could double your profit many years in a row, that makes you a millionaire in no time.

Day trading is profitable If you can do it in right way. if you start trading with $1k then it will easy to earn $20-50 everyday by day trading. But in this case you have to control your greed. Never get excited.  Daily trade should be completed with a cool mind. then you will able to achieve your daily target.

Any types of trading actually. Short, mid, long, day or night, all can be profitable depending on your skills and if it's not profitable then it will have a bad reputation and will be avoided or won't be popular as it is now.

Usdc are from eth, I think that causes you to pay more in the fees but why not use other stable coins which has a cheap fee like usdt since it also supports trc20 chains or you can also use from binance which is called busd and maybe the fees can also depend on the exchange that you are using but I won't sacrifice it over the quality or the reputation of the exchange as you can lose more money the more you look for a bargain.

You should include emotional aspect and proper risk management on which these things are one of the most important thing to consider on before you would find yourself to be that effective on trading.

Doesnt matter if you do involved yourself with spot or daytrade as long you do find yourself to be in constant or ending up profitable then consider yourself to be a good trader.

Of course day trading could be profitable but this isnt for everybody because you would really need to acquire such skill and experience for you to at least have that kind of chances.

Capital is a very huge determinant of success in trading. It doesn't mean that other factors don't count. I have seen some guys who are good in knowing chart movements and trading but they lack capital. But no matter how confident they are that they understand the market, it is always difficult for them to borrow money to trade because things might turn thr other way round. So it is good to know trading skill and also important to have good start up capital.

Both knowledge and money are necessary to make good profits from the markets,  for example if two different persons both had the same knowledge and skill to trade the markets and both made the same trades and obtained on average 1% on profits with each one of their trades, but one trader had 500 dollars and the other 1 million the first trader would make 5 dollars per trade while the second trader will make 10k per trade which is a massive difference on their outcomes despite both of them having the same skills.

Experience matter most when it comes to trading crypto, day trading isn't easy at all, it requires vast skills, full concentration and attention, avoidance of greediness and risk taking, crypto price movement is highly volatile, if the price goes in a wrong direction while trading without a Stop Loss it will definitely end in liquidation of the account recall during the days of massive dumping of the price a lot of traders account got liquidated due to the high volatility of the prices of cryptocurrencies, even trading with a Stop Loss requires a wide SL else price might hit it if the SL is small before heading to the intending direction.

Have skill and knowledge but without have money for trading looks nothing because can't earn profit, exactly true what did you compare although have good skill and knowledge when tracking what kinds coin for trading but $500 fund for investing just earn small profit. Different with trader or investor have much money for investing and ability earn much profit, need knowledge and much money how to be success in cryptocurrency trading, without both of thing looks not easy for earn profit.

Day trading is the most ideal mostly a long-term kind of trade because you will set the time frame into a higher time so you can wait for almost half a day or whole day with the signal if you are a busy person you can do it but also you have an option for a day trading. But for me, I do a lot of things to make myself ready to commit a trade so I can execute easily the task or position easily, trading will become profitable depends on the persons capability to trade and not just get pressure because they need to make a trade daily. Of course money must need to consider make a trade you afford to lose.

Generally, that certainly matters to you OP as a trader. You can't just think it was profitable or not unless you have tried because if I say it was possible that can be different on your end. Let us say that I earn $1000 a day, not it means that you can also earn the same or even more. That is why if you have been trading now, I encourage you to do day trading (if not) just to know if this will work for you because I tell you that not all that has been in day trading succeed, some go back to spot trading.

Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility.

But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees.

Bear period trading is actually even easier, because you know where it is going and when it is going down "how much" doesn't matter, it's a loss and nobody likes a loss. You may be happy about making a 10% profit on something that went up 20%, but nobody is happy if they lost only 10% when they could have lost 20%, it is not enough, it is still a loss. This is why I highly doubt that it would make sense for anyone to make the same kind of mistake by thinking bear is a bad period to trade.

It's definitely hard, but all those small spikes allow people to make a good return and that matters, we shouldn't be really focusing on potential losses, many people lose, that's where you earn.

As other users have said, you may be able to take advantage of day trading if you know how to do it. My experience says it will be profitable, but you don't have to be greedy to do it every day by forcing yourself to pick random assets to trade.

It doesn't have to be every day if you really want to profit from day trading, just take some time and learn about market fluctuations and how the market works for certain cryptocurrencies because there will be good opportunities to make a profit. 15% the profit is too high in my opinion in a day, you will rarely find it except on altcoins which have high market hype but of course the risk is big.

I think we can, as long as we are good at analyzing and predicting cryptocurrencies. Of course analyzing is not an easy thing, because analyzing and predicting it requires serious learning, but of course there are many ways so that we can be smart in predicting and analyzing, of course we can learn online or offline. but sometimes crypto trading knowledge is obtained from experience, even very many people are smart in crypto trading because of their experience in crypto.

This is mainly because of the fact that crypto day trading is not like other day trading in the world. Here it is very volatile and we are talking about liquidity not being available everywhere. Sure binance may have a lot, but not everywhere else does have it that way. Which is why I believe that we shouldn't really be worrying about the current situation, since liquidity is down everywhere.

This means that if you could find a place with low liquidity enough, you could take advantage of that while trading. You do not get anything like that anywhere else because it is centralized trading and even if you do it via a place that is used very little, it is still goes to the market with high liquidity.

I agree with what you're saying. The liquidity in most exchanges is going down and it is becoming very hard to sell/buy at a moments notice without making a huge loss. I had to stop trading on Poloniex for that exact reason. Nobody is buying or selling, the liquidity of Poloniex is becoming stagnant and I believe the exchange will drown soon if they do not save themselves from that problem.

An unexperienced trader might market buy at 5% higher than for example Binance market price. This is a huge problem and almost scammy in nature.

Avoid low liquidity exchanges if you day trade. That is definitely a good tip.

That greed part is a very good part but also you have to be quite hardworking as well. I know a few people who are making profits from day trading and I can guarantee you that it is a horrible thing when you are looking at the time.

I know them and I know that they work 10+ years a day, meaning if they work a bit hard one week, it could reach 100 hours that week, meaning they only have like 1-2 hour per day left everyday outside of sleep and trading, and rarely even that much. So, if you are not willing to work that hard, then it doesn't make sense to work that hard, why would anyone work that hard at all. Find something you love, and you think if trading could be that, then it is not.

Day trading is one of the safest thing to do in cryptocurrency only if one is patient enough to do it. Come to think of it, if you have good knowledge of the charts and have your working strategies, remove greed and enter the market with a capital as high as $5000. It is very easy to make $50 to $100 daily. But the problem is that most traders are greedy. They will want to make 15% with small capital and go by x10 leverage. It doesn't work so, slow and steady is a sure bet. Even if you don't know how to trade, watch bitcoin and whenever it falls by up 8% or so, buy altcoins and set stop loss and take profit. Within some hours it will give you some profits otherwise it will stop loss.

it depends on the trader, if a trader does not have good and correct trading knowledge,
and does not master the science of TA, then I guarantee that daily trading will be in vain,
because you lose, before trading daily in crypto you should study first.

This may be a simple example, but in fact, there is no simple way of trading There will always need efforts and learning to get the profits and earn money from trading, moreover day trading. For some people, day trading needs higher attention, needs more time, and will spend our life very hard, but in fact, many people on day trading are successful enough. The success of day trader and investor may be different. But if you are asking about can day trading be profitable,the asnwer will be exactly YES

The simple answer is YES. The fact that you made some analysis, therefore I know you can do it.

But to target profits on day trading, it needs a serious dedication from you as that's not simple as it is.

Just continue on doing that and eventually, you will now automatically what to do on the way.

that dedication that sometimes not all novice traders have. to learn day trading certainly takes maybe more time in the market. applying the analysis he did of course also important to try how accurate what he had run.
when a person trades more often and is in the market, I think his analytical skills can improve. no one is suddenly smart and lucky in the crypto market. everything takes time.

It is true that day trading is extremely popular among the traders that are beginning their trading journeys, however I do not really think that is the best option available to them, day trading is by far the most difficult way to trade the markets, it requires the most skill and also the most patience as you have to watch the markets all the time in order to find a profitable trade opportunity, and very few people are going to have what it is needed in order to succeed, so I think it is better for those people to begin with swing trading, as it is a slightly easier form of trading and at the early stages of your trading career I think it is important to reduce the difficulty level as much as possible.

You know you can really make money doing trading here in cryptocurrency. As long as you know how to apply the right analysis, read the graph of the chart, and understand the signal tools when to buy and sell. And if you understand these things and know how to use them correctly, there is no day for sure that you will not make money but instead every day you can earn cryptocurrency depending on what you want to trade on an exchange platform.

So if others who don't have enough knowledge about this cryptocurrency are able to earn daily trading, how much more so if your knowledge and ideas about it are enough. And a lot of the traders here as well are taking advatantages this opportunity to earn because of the volatility it has here in the market.

Agreed, those which say that day trading is easy have never really tried it or they have not done so for long enough, I always compare day traders with air traffic controllers, which is known to be one of the most difficult and stressful jobs that exist, you cannot even blink otherwise you may miss an important piece of information which could cause a disaster, not only that you need to always perform at your best because even the slightest drop in your ability means that you will not obtain any profits during that day, and while many day traders stop due to the lack of profits, even the ones which are successful drop it as it is almost impossible to endure such difficult conditions for long.

I think your words are absolutely right there are some people who have promotion and all kinds of experience they have no money and there are people who have money but they have no experience but when they want to act they face many kinds of problems.  Faced with losing all their money, I think those who have money will be humbled by advice from an experienced person, both of them will get a good profit in relaxation than if they give him something, they will profit.

I think day trading is generally  profitable when market is sideways or in bullish trend, no matter you are trading in stocks, crypto or commodities market. It vis very hard to generate any profit in bearish unless you are trading in future market which i think is extremes risky. Technical and Risk/Money  management skills are equally important to make consistent profit because these skills help you to make right entry and exit decisions.

In bearish conditions we do need to be careful in making decisions,
It's important to pay attention because if you make a decision without considering anything, it's not impossible that we will lose

Profit is possible during bear market even you are trading daily, It's hard because you need to play with lower time frames which is technically inefficient in trading. It's possible to profit on spot trading but it's more effective if we are going for futures trading on a bear market. That's true, Management skills are always needed if you are trading daily. It's the skill that can make you get a profit and opposite if you don't have or just trading blindly.

To make the best out of trading continued market observation is a must. The market used to be volatile unlike the market trend, so it is possible to earn out of the price variation between time. The trader needs to have the understanding to choose the low bottom and sell when the price increases certain percentage. At times we may not be able to achieve this. So, we should also know to compensate the loss with the upcoming trades.

You would really need it all from awareness and being observant plus being having that adaptability until on being versatile because this market is unpredictable which means that it would be normal that you would really be that having those kind of behavior which would really be helpful into your overall career as a trader.You should really be that versatile and able to adapt and learn all of the things that you do
able to get along the way and try to remember so that you would really be prepared on next encounter whenever situations might look the same but since it wont really be working that way but at least
you do already have the idea on what you would gonna do. Can daytrading be profitable? of course it is but it wont really be something that could attain by anybody.It does require such skills
and experience.

I agree with you that it is possible to make profit with lower time frame in future market even in bearish conditions but with good technical skills and take entry and exit based on signals generated by technical chart  and keeping aside emotions. Using stop loss is also important for risk/money management to save your capital because buy & sell signals are generally reliable but never 100% correct.

To all the plebs like me who read all the trading "advice" in the topic, first ask the person who's giving the advice if he/she has been a profitable consistently, WITH PROOF. If they're not, then don't take their trading advice. Because for many plebs, the best trade is probably just a low time-preference HODL in Bitcoin. If can't perform better than Bitcoin-HODL through day trading, then why day trade?

it takes a tight stop loss and good analysis to perform scalping techniques in futures trading, because futures trading has a higher risk. and the most important thing to note is the use of leverage wisely, don't be too greedy. Small time frames make trades faster and this can give you more profit if done repeatedly. Trading power is suitable for using scalping techniques, it will be profitable for those who understand and can analyze the market.

Day trading is not as easy as we imagine, as you have explained there are many things that we must prepare if we want to be successful
in day trading. Not just buying and selling coins every day, if it was that simple, many people have become rich from day trading. The fact is
that there are still more people who fail when day trading than people who manage to profit from day trading. The most important thing is
to have expertise in analyzing the market well, that is an important point that must be had for anyone who really wants to do day trading.
Without a good analysis, it will be difficult for us to know which coins are suitable for day trading. Because not all coins are good for day trading,
so if we choose the wrong coins, we will lose our capital.

It's also better to take a long term HODL trade if you can't profit more in day trading. Because why do scalping if not to try to outperform the market in general? If you can't do it, just HODL. It wouldn't actually just be better for your pocket/wallet, it would also be better for your sanity.

I remember reading a study long ago in which a comparison was made between professional traders and a buy and hold strategy, the purpose of the study was to see if professional traders could beat the markets and give profits higher than just holding your stocks, and the results were impressive, around 90% of the traders failed at beating the markets, which means that someone which invests in good assets and holds them can beat most traders with almost no effort.

I'm one of those who try day trading, but I guess it's not for me and so I just decided to just buy and be a HODLer.

I mean, that is less hustle, not much time to spend in front of your hardware to analyse and do the trade. You just need some capital to buy during the dip and then nothing to do.

I have nothing against day trader, if they are earning good money, then good for them. But I guess it will not be for everyone, it's not a one size fits all kind of hat, in my opinion.

it's just a suggestion for those who can afford to do scalping and can outperform the market well. It is not recommended for those who do not dominate the market and those who are too panicked and greedy. I believe HODL is a good choice for some people, I also choose HODL for some of my investments. The long-term gains of HODL will be more significant and will maintain brain sanity. All trading strategies or methods depend on each person's ability, it's just an option that will give you profit or loss.

Day traders usually follow the daily price movement very carefully. Here most of the investors lose money. Here basically your profit depends on your capital and skill and activity etc. It can be especially suitable for those who have good skills in market analysis and who can make decisions very quickly as well as those who can be satisfied with little. On the other A trader has to be calculative in day trading. Traders who have all these skills can definitely make good profits by day trading. Definitely a trader must have patience otherwise he has to face big loss.

I agree.

Those that would tell that it's profitable and they're making from it, just ask for a proof and see their trades. I see people that have been adaptable to the situation of the market.

They are in both spot and margin and they're better in their own strategies as they trade. Whether they trade in margin, they know how to handle the risks there and they're being profitable.

But that's them and not me, I prefer to get myself less risk yet profitable by holding.

Even if you spend $500 for day trading, I think there is no exact amount for the profits. You can earn profits above $50 or less than $10, or get losses. So, no guarantee for the exact amount of profits to get on daily trading. If you really choose the right altcoins and bought at the right time, earning profits above $50 is easy if you use a minimum of $500 for the capital.

Sure, altcoins are the best options for day trading. The values of altcoins can easily increase and sometimes moves significantly. So, there is a possibility to have a big gap between the entry price and exit price. It is a bit difficult to happen in Bitcoin since its price moves gradually, rarely increasing or decreasing very significantly in a day.

It is true that traders make more profit in Alts compared to Bitcoin but Alts never move in isolation, they always follow  Bitcoin & Ethereum unless there is some significant update/development behind the project which is to be announced soon. I think the best time to pick an alt coin is when it is an accumulation zone since long time and you have the information that some development work is going on behind the scene & that is likely to be completed and announced soon.

True, those which can successfully trade the markets always try to encourage other people to follow on their footsteps, but not everyone can do it, there is a lot of evidence which shows the majority of people lose all their money when they try to trade the markets.

So even if you were given guidance by a professional trader which could demonstrate he is successful there is no guarantee you will become like him, as trading not only depends on your trading skills but also on your emotional intelligence.

Yes, I might say that because it can be profitable. But keep in mind that day trading obviously requires more detailed observations there and this is definitely not recommended if we can't do it.
The risk will be greater if you force to do daily trading, especially if you can't control yourself and still can't research well, especially with current conditions where the market is not too good to enter.
I personally might say day trading is profitable but I know my limits and I can't afford to be there.

I'm one of those plebs who thought I could make consistent profit from day-trading too, but when I wrote all my trades in a spreadsheet, I noticed that I would have made more profit just by HODLing Bitcoin than using my Bitcoin as capital for trading.


I have nothing against them too, but I have something against those plebs in the forum who post like they are profitable day-traders, giving financial advice.

you are right, day trading is only for those who have experience and skills to profit. but for beginners who want to try day trading, I think you can start with small capital first and of course, you should already know how day trading works.
some people prefer futures trading rather than day trading on the spot. still, everything has a big risk.

For me, the best way to go about day trading will be to always have a plan or a specific target for every day trade, because without that one could be carried away by emotions to the point of losing all he or she has got. And "Spot trading" happens to be the best kind for day trading, of which the higher the capital used, the more you stand the chance of making huge profit, especially when working with the 4hours time frame, because I once tried it on Binance and the profits was reasonable enough.

Day trading is profitable if only you could trade it right. Mind you, its as risky as any form of trade as you get to find yourself in the market more often than supposed, taking considerable amount of risk in the process. It exposes you more to all the weather in the market and your health is something it plays a trick on too.

That's right. As a trader, you've got to have a trading plan as it defines the very moment you enter a trade, the profit or lose you could accommodate before getting out. It sets the limit and if your disciplined enough, even in the event of your profiting and the market continues to appreciate, should you follow plan, you would leave to try again another day. That's a good way to avoid loses while day trading.

Some say it was profitable while the others are saying NO. There are shared opinions and it was because the results will depend on the trader itself.
These people are true to their experience and this is not about getting lucky like gambling but this is all about choosing the right coin(s) and effective strategy, and there is one thing that affects everything, decision-making.

We can't make any conclusion unless we have tried it, not just once but it is supposed to be more than a trial.

That's exactly me as well. I tried trading during 2016-2018 period because it was such a rush and made so much profit, but all my profit came from the ones that I held, bitcoin and ethereum. That was it, all the other places where I didn't hold? And traded? The overall results are a big loss, of course I had a lot of trades that ended with a profit as well, it was just not easy overall because I lost more than I earned from trading.

Thankfully I was holding bitcoin and ethereum, which meant that the profits I made from that ended up helping me out on the long run to not have a loss totals. This is why I believe that it shouldn't be that easy to just go into day trading right off the bat.

You could really either say or no and to those who are saying yes then they might be able on doing it or just simply trying to go along into those people who do said yes.  :D

Daytrading is profitable but this isnt something that someone could easily deal with because volatility on a normal day in crypto space wont really be that a bad idea because you could really make money out of these movements but the question is, are you capable or skilled enough?

This is the toughest challenge if someone do really plan on making day trades then it always depends on someones capability.

I've been in crypto for years and to tell you the truth I have never met a successful “crypto day trader”. I have met some people that have made money in playing swings but day trading is not a reliable or consistent way to make money from investing in my opinion.

I bet on winners like BTC and I hold long, that’s a proven and effective way to make money from investing in crypto.

In case of day trading, a trader can make regular profit for 3-4-5 days.  But suddenly one day he will face a big loss.  Then he will find that the amount of profit he made in trading for 4-5 days is less than the loss of 1 day. Then he will lose his confidence in trading.  So I think long-term holding is wise and it is must profitable then day trading

Not I say YES. Maybe the instances you have told are those beginners but if you talk about average and experts traders, they preferred not to hold and waste the time waiting for the next pump as they know losing 1 day while earning a profit in the next 5 days (1-day break), still have left from them. Actually, to continue trading is a choice, especially during this bear season, and that only happens if they see a profit on their ends than losses.

I think in this case beginners can be categorized in various perspectives such as they know and have studied some material and want to apply it in trading and there are also those who only really use their instincts there.
Trying might be a good thing but on the other hand we also can't force it if indeed we are not too sure to be there, especially with the current market which is still very difficult to control.

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends ;D, but we need to focus on our traders and make it more strategical and to make it real.

although daily trading can reach $ 10 even $ 30, I'm sure if you trade in futures trading one day you will lose,
futures trading is really not what you think, I have experienced 10 days profit and 1 day all my profit is lost.
how? still intend to trade?

Doing your research to keep enhancing your ability to assess, there are many possible factors that will affect your daily trades, but the first things is to set up your plan with precise and well-organized sets of targets. You need to keep your balance with any strategy that you will going to use. Having multiple will give you a better chance to sort out the market and earn decent.

Not as easy as many will think, but for a keen type of investors/traders it is not impossible to achieve.

There's always a best way to succeed from this kind of business.

That's the right answer. Also even the trader itself could change their own answers by the fact that if they trade early on and make a loss they will think it's not worth it, but the more they trade the more they will earn and then they could change their answer to it. I am one of those people who say that it doesn't worth to do daily trading because in the long run we will all make a good amount of profit by investing, not trading.

But, I also know a few traders who make a good amount of money and that is something I can agree on. As long as that's the point and the situation we are in, that's fine and I do not care about anything bigger than that, it's all based on the person.

It is risky and only pro traders should be allowed to trade with leverage above 100x. Even 10x leverage is risky on short term trading since newbies try to get rich quickly without calculating stop-loss point.
It takes years to master trading and generally HODL is more profitable than day trading for majority, IMHO.

The amounts above $10 is easy for average trader but the risks are insanely high to lose profit of whole week or even month in single bad trade decision. Riding the winning trades and cutting losses are main keys to stay as profitable trader in the trading world,otherwise,the final result always will be same, from my own trading experience.

Well, it is obvious that if you earn 10usd a day, it is something worthwhile, because you are being profitable and obviously as long as you continue to earn that figure, you can increase it much more as you have more money, because due to experience and how the market is analyzed, many more risks can be taken, this is subjective, I also believe that trading is for professionals, not just anyone does trading, many focus only on knowing how to do one type of work, but trading is the copy that you can lose a lot, in some cases everything, so for me trading is a profession that still does not have a degree in a university, but it should be.

Day trading is profitable but that profit is easy for everyone? of course not. So many traders who are working as a day trader they had lot of losing incident in their life. By which they know how much has to be learned. A day trader has to comply with many issues as trading such as a trader must simplify his daily chart.  A day trader should be more careful about the trading volume. A trader shouldn’t peruse chasing. They should not listen to any others only for himself.

Day trading can be a very good source of income if we can generate profits on a regular basis, moreover being able to make $10 per day is worth it.
But it's not easy to do day trading, It takes good analytical skills and experience is also very decisive. I agree that day trading is not for everyone,
only professional people can successfully make day trading a profession. Even I who have more than 5 years of knowing the crypto world, still fail
to do day trading, meaning that it is not easy to achieve success when doing day trading. It takes practice regularly to improve our trading skills,
and the process usually takes a long time. That's only people who don't give up who can succeed in day trading, so day trading is very profitable
if we can do it well, the problem is that it takes patience and hard work to be able to successfully do day trading.

yes, that's true, but even though I can use technical analysis, the cryptocurrency market is very wild,
I myself have used technical analysis and indicators such as MACD. RSI and determine support and resistance,
and as a result all support is broken and some even reach Rugpull for example LUNA,
of course it is very risky if you want to trade daily on Futures.

In this market most of the time experienced is what we are basing our decision-making, though patterns are available but most traders especially those who are in daily scalping, they are monitoring the movement and they understand that fluctuations might happen, and they all set both buying and selling position according to how they are following the patterns/strategy that they mostly used.

Profitable if you have a more winning position than those failed entries and exits. More on your self-explanation in terms of how
will you take advantage of each market flows.

I don't know people who can do scalping for a long time. This is too complicated and my experience tells me that medium or long term trading will always bring the best results. Day trading is too tiring, because of this I make a lot of mistakes and as a result I lose money. In medium term trading it is easier to follow trends and it works better for me.

Day trading can be profitable in often days but if we want regular income then we should have multiple trading goings because some trade will definitely will go in loss. If we put good amount on exchange then created or understand a good trading formula then we will get day profits. At last if we go with project means spot trading for unlimited days will be much better then day trading.

if you do day trading right of course you can get profit, but if not then you will lose,
there are many ways to get profit easily, of course you have to trade in futures trading.

Any kind of trading is profitable as long as you know your stuff, you can't earn profits if you're just a self proclaimed trader. Day trading is complicated, it's not even close to what you've said OP, I think the one you've explained was just simply a buy low sell high process. Day trading is a day trade, obviously, meaning you're selling the coins you bought in that day based on your technical analysis, which must be really accurate to gain profits.

In day trading, there are many factors that a trader must master. what's more is personal psychology. If the price leaves our work area, we are required to take a firm stance, by taking risks, because if the support is broken, it is possible that the price will fall again. and this is where the level of difficulty experienced by many traders, where they hesitate to take risks and choose to hold on to it, even though it was the beginning of a slump

not all traders are able to successfully do daily scalping, most end up with big losses...

I am also not very able to follow the daily trend because of the many activities in the real world that take up my time so I am very happy with medium-term trading (I trade between 2 weeks to 3 weeks). a friend told me that if you don't want to lose in trading then avoid day trading.

If we are a newbie then we better start on the basic form of trading and I think that isn't day trading but day trading can be difficult and will fit for advanced users already. For an experienced trader, any kinds of trading is going to be easy for them understand but they'll probably go on the hard and risky one because the returns can be a little better.

Day trading or trading is not only profitable but I think it is the most profitable activity here in crypto as when compared to investing and others, it is because it is fast and you can add more volumes to your trade but of course you can also lose fast if you are not lucky or skillful enough.

Exactly, day-trading is very tiring and risky. If we are really not ready with all things related to day trading such as financial management, emotion, health, and others, we may be stressed, too tired, sick, and other bad conditions.
But, if those people have been very usual doing the day trading, with their effective ways, they are really working on it and making much money from day trading. But of course, they are professional enough and they commonly have been learning much to overcome with the market sitation in all conditions.
This is exactly not easy to deal with day trading. I personally will not choose day trading, better for short-term or long-term investment. I tried day trading but only no more than a month I gave up because of too tiring condition.

I think short term tat is very good because short term idiot never face big shame and if I do long term treat then I will profit from here there is possibility of risk I like it a lot and what advice while chatting  giving

Perhaps for those who have been in the cryptocurrency industry for a long time, this method is effective if you have enough knowledge to carry out regular activities in the actual trade of crypto.

However, for those like me who are a beginner and do not have enough knowledge, the capital that I will use here in cryptocurrency will probably be lost and lost very quickly. I also know that it is not that simple and easy to immediately know the correct way of trading in this industry.

Try to choose a better exchange and coin, if I am not wrong you are being charged a lot of fees. That's the problem you are not getting profit. Try to use Binance if possible, there will be good volume and there will not be more gaps in the prices. Then you may get profit by day trading.

daily trading can get a lot of profit, but indeed we as traders must be careful in analyzing the market,
because indeed in futures trading we should not be careless,
stop losses must also be installed if you do not want to be exposed to liquidation.

Not all indeed, and you are also right that most are only losing money when doing scalp trading though there are still people who work in this kind of strategy, but with that high fluctuation that you need to work from day to day it's really something that consume more of your time and worse it pollutes you with a lot of "what if" when making a mistake or choosing the wrong position when doing your trade.



Basic understanding give you good position when doing your trade, short or daily trading can be execute if you have that basic understanding with both risk and gained rewards, if you are willing to take your shot the call is always yours, your money means it's all on your responsibilities.

Day trading can be good for those who stay up to date about the market. Those who have good knowledge about trading. There is a big difference between spot trading and futures trading. Those who have spent a long time in the trading world and those who have a lot of wealth will not have any problem with futures trading. However, this can be a bigger problem for ordinary investors. Cryptocurrency trading is risky but futures trading is even more risky investment.

day trading will be profitable for those who are already pro, because they will get profit every day like we work daily. but for beginners or people who don't fully understand it, it will backfire, because it's not a profit but a loss due to a cut loss, or even a transaction that we do becomes a long-term trade because we hold on to it for fear of losing and afraid that it will come. Suddenly the market reverses direction. things like this are the beginning of the chaos of our common sense in the market

therefore it is important to learn and understand trading first before doing it. After learning and starting to understand the principles of trading in the crypto market, trying to gain experience is also important. no need to be afraid of losing, because we have learned and have the knowledge, and we can practice what we know.
trading ability will increase if we trade frequently. of course, those who are already pros can know how to profit in the market. But that doesn't mean pro traders won't lose either. because the market has always kept a mystery for traders.

I am recently exploring copy trading on bybit and so far it has given me positive profits for over a week now. I know my way around trading and I know some of my stuff, but this autopilot copytrading is somewhat giving me more money than I can do for myself. It eliminates the need for the intricate planning and all those boring stuff but still gives you a decent profit depending on your capital. Of course, you would need to follow a trader that has a proven track record on his trades and just copy whatever they are doing and you're golden.

Yes there are two ways of trading, one is spot trading and the other is future trading. You can go to any good exchange and do day trading, for example, take Binance Exchange. Fluctuation of any currency is very important in day trading And the price Fluctuation is very important. In addition, the volume in the coin is high. In day trading, you can earn more profit in a short time. When the price of the coin goes up, sell it as soon as it comes down, buy it again.  Thus, when bought and sold in multiple fluctuations, it can make the best daily earnings, but the condition is that the coin is chosen correctly.Thus, day trading can be very profitable for every trader.

I wouldn't advise anyone to go into future trading, it is just as if you are putting your hands into the lion's den which is ready to be bitten very soon. Future trading will make you lose most of the time if you try it, it is better you stay with spot trading and earn some decent profits as you have said but it is not fluctuations that are important in trading but volatility. When a coin is having volatility, is good when you are making profits but can also be dangerous when you are on loss, so you have to take precautions into consideration whenever you experience them during trading and do not forget to do risk management.