Bitcoin Forum

What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....

Yes and No.

A beginner in day trading will lose money. Even an expert will also lose money. But they can make money too. Day trading depends on your ability to predict the market and being able to read the the fine lines between indicators for making the profit. If you are skilled in them you will make profit otherwise you will lose money.

Anything which a person is doing for years and years and has developed a second nature in will be profitable for them. But it is not get-rich-quick scheme, in fact nothing in this world is so. If someone says so then they are trying to scam you.

Whales lose money too. Its all relative.

There is nothing to argue about your opinion, it was too right. but for successful traders, they make a lot of money. I used to be a trader and I've lost $ 600 from 2 years ago and now every day i make a profit of $ 70 - $ 120. maybe at the beginning, we have to pay for market fees and our mistakes. So when you identify as a trader, you should be more patient and practice a lot. When you succeed, making money will not be a problem for you anymore.

Hii,
I think it depends on the way each person trades, which people are more comfortable, whether the short term or scalper or long term can be intraday.
For me, i usually take profit in average between 2-4 days, depending on how far you want to take profit. because I don't want to be in the market too long and too fast either.

Dont want to long because, to minimize the risk, as we know if we takes too long time and suddenly the price go far down then we will lose a lot (if the price goes down)
Dont want to fast because, we will lose the best price momentum, because we decide too quickly for taking profit in the market.

Day trading might be profitable for only these 2 types of traders:
1. Whales.
2. Professional traders.

It means either you must have big capital to manipulate the market directions or you must have skills to ride on those manipulations. If you do not belong to these 2 categories then your capitals will be eaten by whales. Simply, do not day-trade because even professional traders also my face losses occasionally. Go for hodling if you are concern about god ROI for rest of life and not just a monetary things for day-to-day life.

Yeah, beginners should start with holding way of trading and slowly may adopt active long term trading and then may try day-trading and even may try scalping. It is all about experience. Until becoming an experienced trader, holding should be an easier (yet highly profitable) way of trading for anyone.

Every day is good for trading but depend how lucky you are when choosing which one coin have to trade, some time many trader only allow other recommendation which coin have to trade, but some one else looking with not familiar exchange for trading and waiting for when price increase up or down.

Profitable? It would be both because each day trader would really be different in terms of their trading style.Not all do have the same capability and capacity in facing up this volatile market.
99% is a bit exaggerated yet there are day traders which are really making out profits and this isnt only limiting to whales itself but also into other small traders as well.
Its a matter of choice though on what type of trader you would want to be,some do like to day trade but they do fail out but it doesnt mean that you would just simply quit because we know
that mistakes are stepping stones to improve ones self.

Any trading strategy can be profitable or not.
Try everything and see what you get.

Day trading is profitable when you have the expertise and experience in TA and when to enter and exit. The risk is also big because one wrong move and you bought a position but the goes lower you could loss a potential to profit. So better, learn first and read all the fundamental and have a try with a little amount that way you can see it for yourself if that trading method is the one for you.

Hey there!

Of course in day trading, always expect that you lose most of the time than winning. There are some truth on what you have been saying about whales. However, there are some traders out there who are still profiting in the bear market until now. Every trader has their own skills and techniques to profit in day trading, but there are no astronomical guaranteed returns for that. I can honestly say that day trading is much riskier than long-term holding. You need to be skilled enough to be a day trader and your emotions must be stronger in case something goes unexpected.

I was actually have the same question as you before. However, it turns out that I am not educated or skilled enough to be a cryptocurrency day trader. I only rely on looking at the buy and sell order and the live prices on CoinMarketCap. There are various educational videos about cryptocurrency trading on Youtube by the so-called "gurus". They are offering trading courses that are "overpriced" whether if it's a one-time offer or monthly subscription.

I believe that educating ourselves on cryptocurrency trading would help us in the long-run. Online education platforms such as NewsCrypto, TraderCobb and Udemy are some of the best I've ever seen to get started in becoming a skilled cryptocurrency trader. You can also look for a legitimate coach or mentor who can help you in becoming a skilled cryptocurrency trader who can make profits despite the bear market.

In this market situation, I don't advice any cryptocurrency trader to go in for day trade he or she is likely to loose all capital. What is good in this market situation is to jump in and jump out no long term or HODL trade. Before doing that you have to stick closed and study the market movement before you enter. Which you have said it all that whales owns the market at this period.

I always change my trade if the market is active enough I will do my trading on a daily basis, for me the key to success in daily trading is the timeliness to enter the market and also when exit the market.
Why whale have profit because they use big capital.

I'm curious how much capital you use to gain this profit?

For me $70-$120 a day is a huge amount.

I'm curious how much capital you use to gain this profit?

For me $70-$120 a day is a huge amount.
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I am also curious about this 70 to 120 dollors per day is a great amount. I am happy with 30 or 40 dollors per day profit. Its really good to know how much capital you invested for getting this profit. I am very nervous because I am always being in loss in trading. Don't know what should I do for getting profit in trading.

Day trading will depend on how good you analyze the market so you will have the opportunity to search for the right coins, and you can make a profit. It is better to make $30-$40 per day profit than to chase a bigger profit if we don't get the right coin. Getting a loss in trading is normal because every trader have those experience, and if you can learn from your loss, you will have more knowledge on how to avoid the loss. Perhaps, you will know how to trade better than before.

But to make a big profit will depend on the initial money that you used in trading, and I think you don't have to force yourself to deposit more money than you can afford because once you lose, you will lose bigger money too. If you still new in trading, then $30-$40 is enough as a start so you can make a bigger profit in the next trading.

SIMPLE TIP:  If you don't have capital (millions), don't do daily trading, it is very capital intensive betting.

Yes day trading can absolutely be profitable. It's by far the easiest and time-free way to make money if you're good at it, cuz all you're doing is looking at some charts on the computer and pressing a few buttons and then you sit back and live you life and sometime later you see your trade completed and you made money. It's also by far the easiest way to lose money if you're bad at it though or if you make the mistake of trying to trade during a downturn in the market.

I don't get the sentiment that only whales make money, that makes no sense. There is no difference between you putting in a buy order at 7500 and a sell order at 8000 than a whale doing those same orders, the whale just makes a lot more money than you do, but the same percentage. Saying only whales make money day trading (or only professional traders) is just a cop-out when what you really mean is you're bad at trading. Whales operating in the market in no way hinder your ability to make money.

You are entirely responsible for any profits or losses you make. It is simply a matter of how well you read/predict the market, how well you manage your emotions, and how well you manage risk. If you are bad at trading you'll lose money, if you are good at trading you'll make tons of money.

Plenty of people will lose money because they are bad at trading. Usually it takes a lot of experience to start getting good at trading. I've been trading for years, and I was pretty terrible when I started, now for the most part I'm pretty good, though I still make mistakes constantly because it is impossible not to since we can't predict the future, but that doesn't stop me from making a lot of money day trading.

Please be reminded that day trading is not always the winning part here. Probably, it is more risky and hard to predict since we are looking for a daily profits, it is  not easy to always get daily wins too. If you are good in a technical and fundamental side with also good risk management plan, then we can have that profitable daily trading.
 
 I prefer long term and margin trading for now. Somehow, it gives me my target profits and much better to manage it than that of daily trading.

Prices are climbing up, if you know when to get in and exit your trade each day, you should be able to earn a lot in day trading. It's easy to trade when the prices of coins are moving up than when prices are diving.


Its possible to do it in low time frame maybe 5-15 minute chart, it just needs a little timing.  Right entry point and you can exit anytime as long as you can earn some, the perfect exit is almost impossible.

Day trading has a bit of a challenge because it could possibly make more money than an investor or it could lose money instead. Every day is a new challenge, you wake up, you have a certain amount of money to start with, you work and you know that day will be very different than any other day. That is tough in mental state as well, I know we look at it in financial ways and billions in the world would say they prefer to work hard and actually get what they deserve in money, but there is also a level of working hard that eventually breaks people.

My dad worked 38 years before he retired, yet the day he retired he vowed to never work again, you could be like that in couple years only if you push yourself too much, that changes from person to person as well of course.

There are always two sides of a story. I don't know how you have concluded that 99% of traders lose their capital, but that's definitely not true. Probably you have heard stories from loosers only that's how you have concluded.

I agree, day trading is risky. Probably more risky than any other types of trading. But it is extremely rewarding as well. But don't conclude that people only loose money in day trading. They also make good amount of money out of it.

Day trading is profitable because crypto is highly volatile but the question is you are going to make profits from those volatility or not?

If you have enough experience and skills you can make profits from day trading.

Whales influence in day trading may not be that much because they will manipulate market once for a while so if you are doing trading regularly you can still make profits.

In terms of today's markets, I think it is an ideal period for daily trade. The fact that we have been seeing constant price increases for the last few days is actually a very good opportunity to open new long or short positions. In general, I would like to point out that daily trading is actually very risky, but it has a high return as much as risk. I recommend doing the daily operations after reaching the sufficient level of knowledge and getting enough experience.

It's up to you, actually. If you know well about day trading I mean when to buy when yo stop loss, then you can get a good result from day trading. But if you don't know how to analyze the market condition, price chart then it's better to avoid day trading! I know many people who made a big profit even when the Bitcoin price was 3200$, but many people ended up losing their capital, knowledge was the difference between them.

Your thoughts are right mate, don't ever be deceived by the comments about day trading being good for everybody, No, it is not. Only those trading with huge capitals are making the money. Your best short if your capital is not too large is to buy and hodl coins that have use cases that is going to make it price rise with time. Those are the ones you are likely going to make over 100% in months.

If you are trading you cannot expect to make the profit on a daily basis but if you are taking things seriously and wanted to trade for a short period of time then it is possible, just invest when the market goes down and wait for the market to recover and you really do not need any technical skills to understand that and the volatility in bitcoin will give you plenty of opportunity to make profit in a short period and you do not need to be a whale, even a shrimp can make the profit  :P.

It's simple, if you are a newbie then i don't think it's a good idea to choose day trading. But if have much experience in trading world then it might be fine. But i think maximum people would be agree that day trading is much risky than swing trading and long term trading. I hope this (https://ragingbull.com/swing-trading/back-basics-day-trading-vs-swing-trading/) is a good article to find why you love to choose swing trade over day trade. It's not true that only whales got profit from trading. Those people got profit from trading who's have much experience and who's are professional in trading life.

As a beginner, you will obviously lose a lot from here.

It is not that only whales can have a profit in day trading. It is just that day trading is not that easy to do. We all know how volatile cryptocurrencies are and that is the reason you need to cope with the fast-changing market while maintaining that profit or managing the risk. The one that will be having profit with this is those people that can read the market well. I can say that they can't really have a profit every day since as I said, doing day trading is not an easy feat, it is really hard to do.

For beginners, here are a few helpful hints to manage risk, cuz that's what being successful is all about. And actually I do most of these things because its just good risk management which is what separates good traders from bad traders much more so than any skill in technical analysis.

Beginner risk management:

#1 Don't aim to make a certain amount of $ or a certain % day trading. Just aim to make profit, no matter how small, whether it's $1 on a given day or $1000.

#2 Don't put more than a tenth of your entire trading stash into a single trade. That way if the market moves against you, you only committed 10% of your money to that trade so that isn't too bad.

#3 Don't put more than one trade in at the same price level. Let's say Bitcoin is at 8500 and you buy in, then it goes up but not high enough to hit your sell order, then drops back down to around 8500 and you think oh it dipped I should buy in with more. Don't do that. You already bought in at that price level, wait to see if it drops to 8350 or something to put in another buy.

#4 Any profit you make put aside in some low buy order to protect those profits - basically use your profits to buy dips. Each time you complete a trade for profit add that money to some low buy order. Like if Bitcoin is at 8500 put your profit in a buy order at 7500 or even lower if you think there is a good chance it corrects harshly, so maybe after a month you've made $700 so you have a $700 buy order set at 7500 in case Bitcoin corrects. Point is to keep your profits fairly safe and only use them to buy in on dips.

#5 Take small profits and focus on just a few coins. Don't go looking for 10% or 20% profit on a trade. Take 2-5% generally on any given trade. And only focus on a few coins that you know and you've spent time watching their charts to have some idea of how they move and what their potential is. For example, I focus most of my trading right now on BTC, ETH, and LINK, but I have been mixing in some small trades using a few other coins as well when I think I see an opportunity, but most of my trading is with just 3 coins.

#6 Trade against fiat (or stablecoin), not crypto. Trading coin/coin pairs means you're trying to predict the price changes between two very volatile assets. It is extremely hard to make money in the long term doing this. I only trade against USD now. Used to trade against BTC to make more Bitcoin, but in the long term I ALWAYS ended up losing bitcoin. Much easier to trade one volatile coin against a non-volatile fiat currency than to trade a volatile coin against another volatile coin.

#7 Don't be afraid to get out of a trade early if it looks like resistance will keep your sell order from getting hit soon. If you buy ETH at 202 and try to sell at 212 but you check the charts and its at 208 with a lot of resistance overhead, feel free to change your sell order to 208.xx if you are afraid the price is gonna drop. Sure occasionally you'll do this and get a small profit and then you check an hour later and the coin pumps past your original higher sell order and your mad (this happened to me just yesterday!), but thats okay you still made profit.

#8 Pay attention to how much of your trading stash is in trades currently and how much is in fiat/stablecoin. The more money you have in trades at any given time the greater risk you are taking on. Anytime I am looking to trade I check what percentage of my funds are USD. The more USD percentage I have the more willing I am to take a risk. But if my USD is only like 20% or something of my funds then I get real risk averse and focus more on getting a trade or two to complete for profit rather than putting in another trade.

#9 When the price is pumping or dumping be very careful. On yesterday's pump I would put in small trades and get out with a few percent profit then re-evaulate. Sure I would have made a lot more money if I had just kept my 7750 or whatever buy in from two days ago and rode it all the way over 9000, but I had no idea how high it would go so I just got in and out of a few trades and got profits each time as the price continued to pump. Only doing small trades each time that way I don't risk too much when the price ultimately dumps. So now I only have one small trade sitting near the top of the price from yesterday, and I bought back in several times in the 8000s today, also small trades, and getting out quickly, just using that volatility and not expecting some huge gain from buying the dip today because I have no idea when it'll go back up again, so I just get in and out quickly and the profits add up over several trades during the day.

#9 Finally, ride the daily volume. The market usually moves up and down in a few percent range on normal days. Trade off of that and try to take profit every day. I rarely have $0 days. Most days I have a bunch of trades that complete for profit.


Using these risk managements strategies I made almost 5% yesterday on my whole trading stash during that pump, today even in a down market I made just under 1% so far, and in the past 45 days I've made 61% with only six $0 days and one negative day, average just over 1% a day over those 45 days.

Sure it takes time to learn to not trade emotionally and to kinda get a sense of how the market moves and when you need to be wary of things, but risk management is the most important thing and I think these nine things listed above would be pretty damn good for any beginner to follow to make consistent profit.

Sometimes, day trading is not the answer because it increases the risk and stays with that state. You should perform first proper technical analysis and speculations so that you know how to deal with the market and apply some strategies. It is not worthy to perform day trading most especially that we are in this pandemic and it really affects the market.

No matter what trading strategy you perform, it will still give you risk in a different intensity. I don't think that this is profitable most especially to those normal traders, if you're really good at trading it might be effective and profitable but not anyone can do that. We have different experiences and courage in trading that's why it is not always effective to do that.

Big or small traders are vulnerable to losses, but these losses will help you improve and learn more in trading but the reality of losing money is not that quite good in a feeling. That's why you should accept the reality of trading and perform effective strategies like stop loss, not only day trading.

Not just in crypto, but on every markets, when you try to catch a short term trend, you may get failed in higher rates compared to success/total-trades ratio when you focus on catching long term trends. The reasons are obvious: no one could accurately spot the turning points of markets. It means approximate estimates of market's turning points is possible but it will lengthen the duration of your trades. It will eventually lead to unable to close your trades within a day.

My practical suggestion to you is, you may continue your day trading (if you're already into it) and whenever you are in negative, just convert your traits into positions and wait for markets to reverse. I mean you do not need to stick within your criteria of day-trading all the times but you may need to be flexible to make your day-trades into short-term or even long-term trades.

This will simply eliminates all the risks in day-trading. Please note, this type of conversion will be possible only in spot markets and definitely not with margin trading.

Today there are a lot of people making more money with the help of trading and also it depends on the player or the trader how do they manage their trading techniques because today there are a lot of people having mistakes getting into the world of trading without getting enough knowledge and essential things to survive into the world of trading. For me as a trader too with the pair of bitcoin and the usd, it is easier for me to identify what is the next market movement in the first place I used the common trading techniques which is identify what are the uptrend and downtrend next is the support and the resistance of the coin to make sure if the coin will go up or down in buying when the market price of the coin falls or we called as a dip I bought a lot of coins on it. When predicting the market price of the coin it takes time to predict because the market of the bitcoin is volatile even this is for the long term.

Yes great advice: don't margin trade. Trading is about risk management and margin trading increases that risk greatly.

Margin trading is way too risky and only very experienced people should even try it. I've been trading crypto for years and make good profit but I would never even consider doing margin trading.

I can suggest for short trading instead of day trading. Because market is very fluctuate so that day trading is very dangerous for crypto traders i think. but if you go for short trading you can realize market condition and can take time for next step that you can not get day trading. so be careful about day trading.

Yeah, I agree on this, day trading is enough to wash your capital set for a month because of too much fluctuation we are getting in the market right now, especially with bitcoin. To be honest I've lost about $120 in 4 days due to market volatility and of course bad decision and market analysis. Instead of day trading, just do short trading, pick a moment in the day where you feel great to trade with the price just enough to increase in an hour but let me tell you this, it's very hard especially now that every one is talking about halving.

It seems to me that you have slightly changed the concepts of day and short trading.  The fact is that day trading in cryptocurrency is short trading on the exchange throughout the day.  and long-term trading is cryptocurrency trading for a longer time.  and based on this, each trader has his own way to these types of trading.  for me, day trading is safer and more profitable, because I can always have time to adjust my actions based on the indicators of the cryptocurrency market, in contrast to long-term trading, when the cryptocurrency market can change indicators more than once during the day.

With the possibility of losing huge amount, how it will be possible for short trading to be always better? You're literally contradicting yourself.

Day trading may be beneficial for the people who are able to ride on market fluctuations. It means you will not need to have huge amount of money but you must have skills to ride on the swings of market. I believe no trader might be having all the required skills to accurately predicting all the swings of a market. At the same time, if you do not have enough skills to ride on swing, your big capital may not help you while day trading. Yes, you may get stuck in negative market directions and might need to wait until market turns.

Day trading is good in anything, from stocks to penny stocks to forex to even gold if you leverage yourself high enough. However that doesn't mean you are going to profit from it. In a trading market there are people who make money and there are people who lose money, they are not mutually exclusive, some person who made some money could end up losing later on, or there could be something that increases in price so much that there could be people who made some profits and sold, then someone else bought and it kept on going up and sold later on, so everyone makes profit, but same goes for losing as well, it could drop so much that some people may lose money and others may lose even more later on.

Basically there is all kinds of options from losing to winning and everything in between.

Cryptocurrencies market is highly volatile and as such it favour day traders more than any form of trading. everyday bitcoin move around above 400 dollars and if you are smart enough to know when it is changing direction then you should be in good profit.

But it does not require you to buy every day, because if that happens very worried that they will panic because this instability makes a greater correction that can occur at any time. So it remains to be disciplined so that buying and selling can be done at the right moment, for that reason I think every choice must be accompanied by skills because it's useless when you do day trading while other people profit but you continue to lose money.

I must agree with it, I've been short trading since the price went up to $7500 to $7800 in just a day and that day is a hell of a luck for me coz I traded bitcoin in 125x leverage, I made a hundred of dollars in just a couple of hour. I'm not recommending you guys to do margin trading, but it's up to you, you can try if you want to do the risk more, reward more principle, just don't come at here again asking where you did wrong cause that would be a personal business of yours. Day trading is more profitable these days coz the market is on its price correction process before halving.

Not really that 99% unless if you are new and have no knowledge in trading but if you have skills and enough knowledge, it can't be that, and let say it is 50/50. Why say this because we only have two possible outputs in trading and either it is losing or gaining, and the result also depends on how you manage your trades.

We can say that whales are really making money here is probably because they owe the market, they can manipulate the market if they want and that certain thing catches those new in the market and fall into their trap. That is why if we are planning to go trading, we have to prepare ourselves in all the circumstances that might happen in the future.

Day trading is good but you will not always get profit because no one can predict market his own way so some time you have to wait and patience for some days or some months so it is not not everytime you get profit. But for a very experienced trader he can do this day trading and get benefit from market.so you have to get experience and do some analysis before buying any Cryptocurrencies. In day trading for profit you have to be accurate and need some good money for good profit.
So day trading is good for very experienced trader.

yes there isnt such thing as unli profit  even on other business but there will be times of drought too  .

 no one can predict accurately but one can improve his prediction if he will use many trading tools or guides  . laslty this trading for profit is also possible even if you didnt have a really huge capital  but we can still build our small capital slowly  . experienced trader do suffer too  so we must not put our self down if ever we fail at some point   . 

Anyone here have a journal of them doing it step by step listing every trade they do?

somewhat right and somewhat wrong in this view. Of course, people with more money will often have more power and choices that we have to follow. That's why people who have more money will get richer. We are small fish, we have to learn a lot to gain trading knowledge and we have to suffer losses at the beginning to gain experience. This financial market is very harsh but if you are used to it and experienced, you will make a lot of money. on Wall Street, there are lots of talented traders and you can see their extravagant lives.

It seems to me that this period of 2-4 days is the most suitable for trading. Although later looking at the chart you understand that you could have had a profit of 5 times more. But if in practice you try to catch all the Low and High during the day, you may end up losing.

It's suitable for people who settled about that but actually on my side I always take the opportunity to take the profit whenever there's a opportunity anytime since I don't want to miss the opportunity if the price sudden dump that's I take it so that I will not miss the another opportunity if there's another good movement came out.

Don't be greedy since sometimes wee have expectation vs reality saying and it's so bad to lose the opportunity to earn, I don't want to baghold so I think smart about this.

The price of Bitcoin is constantly fluctuating and is truly unpredictable so you need to be more careful in investing. I think by all means you need to have confidence in the market and always set a reasonable price to buy because the current market situation is very unpredictable. Of course, it's not always fortunate to make a profit as the crypto market is easy to manipulate.

If we will analyze the market well we will easily determine the worth of the currency of the crypto market Seeing is believing always to think positively. Day trading within the crypto market is certainly good. But you would like to understand the strategy to trade you've got to take a position in currency by watching the state of the market. Bitcoin currency investments are more profitable for long-term investments During day trading in crypto it's better to settle on a currency that's more profitable to trade.

I don't think everyone will agree with me but the charts is not always correct. Maybe you think it will go up base on your technical analysis but it went down. There are some cases like that so market is really unpredictable. Doing day trading sometimes you lose and sometimes you earn I guess that is  how it works. Day traders have daily target profit, small percentage but profit is profit.

Day trading is more profitable if you are one of the expert one trader. But if not, it will be too risky to apply day trading, just a real talk
only. And based on my experienced day trading was helped me a lot in several times every time I do it in the actual trade platform.
But hold in a long term was definitely proven and tested if the token you hold is really have a potential of course.

Well, big and small-time investors face challenges in their everyday trading and that is taking the risk of losing in this field. Day trading perhaps may not be appropriate to newbies for professionals who are well experienced. And they already have the capability to forecast the flow though it may not accurate and will always come to the reality that makes their investment safer than newbies. Day trading may be good for a particular period of time, --but we can not rely on it for exchanges are unpredictable most of the time and that causes failure to many and would even lose everything. Before doing a day trading might as well try to observe a lot first and learn more strategies that may help you to win.

That is no more day trading ;). If you start holding your trades then it is automatically converted into positional way of trading. Day trading as per its name implies, it should be closed within a day. Moreover, crypto markets are available all the 24 hours hence we cannot assume exactly when a day starts and ends.

But with stock trading, we are having very limited time for trading and within that time duration, we must close all our trades otherwise we must need to pay additional exchange fees. This is how day trading might have been derived out as one of method to trade. So, if you carry your position for more than 24 hours then literally you are doing short term trading. All short/long term trading are known for being profitable compared to day trading and it is again proved with your  experiences as well.

If you notice, bitcoin markets usually trade with high volatility which provides enough room for skilled traders to profitably day trade. But, people slowly move to margin trading from day trading in sport markets, which adds another layers of complications in their trading and obviously ending up in crying out in this forum for wrong approaches.

I think those who trade wisely can make a profit from day trading. I have seen that many people make good profit by day trading. It all depends on your trading knowledge, whether you make a profit or a loss. A day trader has to keep an eye on many things in order to make profit. News, upcoming news, technical analysis etc. Those who can read the market properly can make profit, and those who trade without seeing anything will make a loss. The inexperienced always trade as they randomly, as a result, they face huge losses.

Day trading is profitable but you can't make profits in every completed trade that is the reason it is most risky method of trading cryptos and one who trade more profitable trades will end up generating income from trading it but one who have difficulties might face losses. Day trading is not profitable for whales because they are not involved in day trading so as a trader you have to increase your trading skills.

Depending on the day, day trading could be a lot of fun and a great way to make money, it is not really that easy to make day trading your job, it requires a lot of capital and a lot of constant stream of income as well. So, you have yourself a job that you have to put a lot of money into, which I think is normal for every job that you start, and there are times you make money but there are a lot of days where you do not neither, which is like revenue for companies as well.

So, being a day trader in crypto is not like a "job" you would have but more like a company you create, basically you own your own company by being a day trader and the only person you hired is yourself so that company profits depends on how you do in the trading as well.

the best trade is to be patient. I feel that. however, I think daily trading is carried out by those who want to continue to produce assets every day. however, with these conditions, it seems like the risk to trade every day is quite risky compared to the long run.

Again, it still boils down as how you handle the risk here. If you are a gambling type trader, then day trading might fit your agenda as you love the high volatility and the rewards that goes with it.

But there are also these kind of traders, you just love to buy in dips and then hold. There are predictions that BTC be $100k, sounds crazy right? But for those traders/holders, they are going to wait for that day and not wanting to day trade because they can't handle it.

Some people had carried out the risk but some also don't. Imagining the risk in crypto trading, no wonder why some couldn't make it possible to run. Such wisest thing a certain trader must have to do is to oversee each market change. Taking advantage in buying when the dips had come is one strategy that we shouldn't have to ignore. If you miss this thing, you're also losing the chance.

One behavior that a trader must have to acquire is to have a strong heart, must immune to any market changes. We don't need to be optimistic coz sometime it also brings you in great danger.

Maybe yes for you guys that dont have much experience but for other people that knows what exactly what they are doing, then this is just an easy pie for them. I know day trading is very risky. You cant expect the market to follow on what you understand on the market. Basically this is just all guide and every pattern is not that accurate. But for experience they also add some confidence when they do trading analysis and thats how they gain profits.

I am not a high risk trader but somehow I may able to gain some profits too also have some loses. There is no way traders always win on the market and thats totally normal.

I accept as true with you that if we stop coming to trade and obtain frustrated it'll have a negative effect on the trade Long-term trading and day trading won't be possible. That's why you would like to research the market well before trading and do not let it come the increase and fall of the crypto market have caused prices to rise and fall No wonder there's such a lot good in day trading within the crypto market Avoid the danger and always move forward. Day trading is currently very profitable thanks to the increase in the value of the crypto market.

I believe only experienced and wealthy traders prefer day trading because they can afford loss and understands that how to recover it and the most important thing they always trade with effective strategies to make profit and the other side an average or new trader may face loss in day trading because they probably have lack of necessary experience about day trading so it can be risky choice for them to involve in day trading.

Yes, patience will be the important thing in trading because the market will not move fast, but if the market can move fast, then we need to use the time to buy or sell the coin. There will be a time for the market to move quickly, and usually, it will not happen many times. We need to be ready in any conditions for that because if we miss that chance, we need to wait for some time. If you can analyze the market, I think you can do day trading because of this condition is useful to search for the profit but still, you need to be careful because the dump can happen anytime.

Experience really count the most particularly in day trading. Yes it's more risky than any other types of trading but the result is worth rewarding and is more profitable. While normal traders prefer long term holding to avoid losses, experienced traders too prefer on day trading because it's where they can make huge returns unlike by simply holding. Losses do really happen not just in day traders but even in long term traders too.

today I do not have enough experience to have good results from day trading, but nevertheless I see the enormous potential of my activity, although for this I need to spend a lot of my time.  it’s very difficult for a beginner to study charts in order to place suitable orders and it is very important to learn how to use stop loss in order to minimize your losses.  I also work with minimal starting capital on the Binance exchange and use scalping strategies.  For trading, I chose a Cardano coin and almost constantly monitor the change in the rate in order to place the correct buy or sell order on time.  Of course, in parallel, I also do other work using a computer, so as not to spend all my free time just trading.  The only negative in my activity is that you have to sit near the monitor constantly.

Sometimes you need to switch from trading during the day to medium-term trading. This is very easy to do, you just need to wait until the price turns in the other direction. And instead of getting a loss, you can get a profit the next day. The main thing is not to change the trend.

It is really depends on the perspective of a trader, we have different strengths and weaknesses so our skills are different to each other. Day trading is not working for me well because of my time where I have work to day, I'm a swing trader because that is suitable to my skills and also to my risk appetite. Find first if day trading is suitable to you then if it is good, try to forward testing with risk management in order for you to handle different scenarios.

In my opinion day trading is very profitable, but you should be able to choose the right coins and also be able to predict price movements
in the market. If suffer a loss, I also experience it. In day trading there must be a loss,  not always profit. The most important thing is the
amount of profit obtained must be greater than the losses that we experience. It's true that whales do a lot day trading, but not always profit.
Sometimes whales also suffer losses.

Day trading is a very good way to trade, and it ofcourse works perfectly if the supposed person is disciplined and well trained.
Most day traders target 5% - 10% profits daily, and it is slashed into 5 to 10 phases of 2% profit per trade or 1% per trade over the 24 hours span.

To do this, you need to know yourself, understand your emotions, be able to read market emotions and quick in decision making.

Whales have that advantage over us and the market as well. Trading needs money, and money talks as well. This is the way whales can't be outsourced and manipulating the market(as people claims) they certainly making more profit compared to casual traders.
And if you have just of limited resources, ain't day trading is good for you but rather to change it into short-term or long-term trade.

In day trading I advise just to trade the top 10 coins listed in the market, the most valuable and high volume ones since that is where your profit is coming from, prediction would be meaningless if it just about 1% to 3%, you can't get any thing with that. Whales do have the best advantage on day trading since they are impacting very well in the market, they could just easily set a trap for small traders and they end up losing.
But imma say day trading has more risk than just a normal trading practice.

Haven't heard anybody say whether there's a sweet-spot for trading, as such I think it doesn't make a difference. Day trading isn't the problem but what may be is the experience and knowledge you have about trading itself. If you can read the market trends and predict it then day trading should be as successful as trading at any other time :o

It really all boils down to how much you know about trading or how serious you're about learning the technique :o

In day trading you have to be able to predict the price of the coin you're trading. It takes a lot of hard work to be good at trading, it's not easy work and it takes time to get perfect. Another thing is that you have to be able to tolerate the loss and also have enough to finance your trade.

If you don't have enough money then I wouldn't advise you to be a trader, it's best to look for something else to do until you have more than enough capital to become a trader. And while you are trying to raise money, it's best you also use that time to keep learning about trading till you're ready. When it comes to trading, the number of people that lose their money is more than those that make profit.

Day trading will be profitable as long as there is volatility in the market. And the closer we get to halving, the more volatile it becomes. This is the best time to trade, when the price of bitcoin for 1 day changes by 10%. But at this time, compliance with risk management is an important condition.

In terms of profitability, I think its depend on the person who trade in the market. If you are people about day trading, most of their answers will be seems it is pretty easy but in reality it is not easy. Understanding the price, the candlestick and even the trend takes a time. There are also many factors especially in day trading because of the high risks, I do day trade with average leverage which is 10% and for me yes it is profitable but losses are inevitable and we should be aware of it.

Choosing what kind of time frame is also important when do day trading and also we should identify what kind of scalpers are we. Are we the one who mostly using short positions or are we the one who usually using long positions. The timeframe that we are using also have factor on what kind of setup that we are going to use.

Every day is good for trading but if you want get much profit every trade you have try future trading, although cryptocurrency red or green you can take profit depend how lucky when analyze with exchange market coin have higher or lower price.

Day trading is profitable as long as the price of cryptos are moving in sideways since you can use the market movement and predict the prices and make profits accordingly but when there is bullish of bearish then its better to stop day trading.

Yes, I agree with you, especially if the market can move like this few weeks. We can expect to make a profit from bitcoin pair usdt, but it is difficult to make a profit from altcoin pair bitcoin or usdt unless the altcoin can move like bitcoin. The risk management should be our concern so we can prevent the loss, and we can stay focus on the market.


Hm, I guess not really. You can trade in night or day depend on how good the market moves. If in the day, the market can have volatility, then I guess that you can have a chance to buy low and sell high. But that will depend on what coin you choose to trade because not all coins can move or have volatility so you can buy and sell of that coin.

Day trading means you are expecting high volatility and that is exactly what crypto offers so yeah day trading is worth with crypto because you might be doubling your money in a week or it might also down by to half so you just have to follow a pattern and profit with it.

I mean if you see the price dropping let it drop and once it starts getting up, just buy some and I have hardly ever seen anti-climatic drop which means when its increasing it will just keep rising until a certain value and once it drops it will just keep dropping. I tried price trading for some weeks and it was pretty good (I did with Binance and they even gave me 3x leverage so that helped) but the problem is, you need to be online all day and notice patters because automatic trades don't help, that is my experience.

Day trading is good and capital matters alot. The advantage is that it won't make you greedy , you will always be satisfied with little profit. Ant day trader needs to be careful when picking coins to trade. Trade coins that you can hold if things don't go the way you want or you better cut your losses early and move on if you don't want to hold.

Yes you are right but then trading for the long run might seem like investing rather than trading. I am not among those who trade too much but from my little experience with trading, I have noticed that no matter how easy it might seem to generate daily/weekly profits but it is just like gambling at times where you buy some coin and wait for the price to increase and if doesn't go that way you dump it.

The best option with trading I can understand for regular profits is look around the market and find a coin you feel has the power to go big and just have faith in your own assessment. Trading with bitcoins' price for day trading might not work and it is rather interesting to just invest.

The market data displayed in this demo is not real time. You will never receive less than the amount you enter to sell your specified amount of a cryptocurrency. Here is a lot of trading crypto strategies. cryptocurrencies that are best for crypto day trading place. I am happy this trading place.

Binance Coin (BNB)
Ethereum (ETH)
EOS (EOS)
Tron (TRX)
True USD (TUSD)

From my experience on trading it depends on your trading plan but in my opinion day trading is advisable for crypto trading

Thanks to all for commenting on it. Its really interesting to read all comments and some of you giving good advice on day trading. I think it's already discussed a lot so I am going to close this thread.