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The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

First, move your topic to: Trading Discussion (https://bitcointalk.org/index.php?board=8.0)

How do you come to such a conclusion, have you done research for more than 10 respondents ^[traders] so far?

You don't need to know which traders are successful in making profits in the market either in the short term or in the long term. Every trader has a different strategy from other traders ^{[it can also be the same],} logically if they don't make anything with their strategy then how do they live and keep trading with it?

Profits can be generated as long as the trader is able to master the strategy of doing it right. The simplest trading conditions are to have funds, buy low and sell higher. Then you also have to understand that analysis is the one that is most needed to determine when you have to make an entry.

Trading a long term asset is profitable except if you're using a wrong method or selling approach, when you hold for long term it's called an investment while trading if it's on a short term, the kind of cryptocurrency you're investing with matters alot here, there are shitcoins that will depreciate instead of appreciating over time, they are called shitcoins because they easily loose value on dip periods with high volatility.


If you doesn't know any does not mean they don't exist, why not increase your research tempo because the far you go the more you see, the kind of coin you trade also matters in crypto just as I've earlier said.


Yes am into it am being successful, I don't stress myself with altcoins but i only invest with bitcoin which i believe almost everyone on bitcointalk also do by choosing bitcoin as priority over any other, i think you need to learn first before assuming judgement on anything and if you must learn then you should start with bitcoin.

Most traders just lose money.

https://tradeciety.com/wp-content/uploads/2014/10/pyramid.png
https://tradeciety.com/24-statistics-why-most-traders-lose-money/



Here is how you to make money trading.

Open 2 accounts, one in each exchange.

Open a long position in one, and a short position in the other. Make a video of both.

The one that you made money (no matter which one) make an online course about trading showing your video. Then sell it in Twitter/Instagram or any other social network to teach people how to trade  :P

I see so many "traders" selling courses. They are the ones making money.

Exactly, I mean of course I don't have a reliable data to confirm however it is my feeling that a lot of people usually loose money on trading. Then I also see a lot of traders trying to sell their courses... there is one I've been watching (now I stopped watching his channel) who says he did millions on trading... and I think why then he needs to sell courses on trading?

Another example from Twitter. A guy says in three years he did 10 million starting from 50k. And I see a lot of people following him... some very well known people in the crypto are also following him. So I am again asking myself, is this true story or this is just bulshit. Hence these questions. Anyway please share what do you think on trading.

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

Myself. It's just that personally, I don't do daytrading. My trades span at least a week, to months. As for how you do it, you just need a decent strategy and a lot of reading of documents, and a lot of browsing on Twitter.

Mates i think you are highly new to crypto field because trading means get profits from short moves of market fluctuations by you knowledge and experience this is a very highly profitable and risky business , risky because if you dont have knowledge then you will lose all of your money ,
And other strategy is holding  buy in parts and hold the long you hold the high you can get profits buy taking profit in important.
For example in 2019 the price of bitcoin is traded between 8k to 14k but after 3 years you can see the huge pump that breaks 6k price so if you take profit at 50, 40 you make 4x profits thats the power of hold ,
Now BItcoin is again comes to its base price or its around So buying at this price is not bad or buy in three parts will be a good strategy.

I am thinking the opposite. Because the more you stay on the market, the more lessons you learned and that's why capital is very important, capital preservation is a must.
Because there is a lot of opportunities in the future, there is a lot more trade opportunity as long as you have the capital, so for me, the longer, the better.

Because you're not making money from trading does not mean people are not making too. The truth is that trading is very risky and Mentally you have to be strong to even think of starting to trade. Invest what you can afford to loose and do not attach emotions to trading. Set daily loose or profit & follow it strictly. You can see my yesterday and today's experience in the image below.
https://i.imgur.com/alFWuJu.jpg

Only about 10 to 20% of people make money trading long-term. Note, that stat has been accurate for all types of investing long before BTC existed. YES you can make great money trading, you simply need to make better decisions than the people you are competing against. Helpful tip: Think "Buy Low, Sell High" and actually do it, you need to go against the crowd, calm down, save plenty of money for the next trades, and never "come to the conclusion" you will fall short of winning.

I can say that I'm not really doing well in my trading job but at least I was still in the profit and this is because I don't lose hope and easily give up when having mistakes, instead I use this as my weapon to grow up and be careful in the next round. This can happen to you OP but it becomes impossible if you keep on rushing and always chasing a profit every day. You are just new to trading but you already saw the negative thing that will happen to you which is bad and it will influence your mind and that is how you draw conclusions about a thing that you've never given your best.

Professional traders know how to diversify their money, they are not doing pure trades most of them play longer and that's why they succeed because they already master their strategy and control their emotion right. I have a friend who are fully dependent to trading, he's still single so he can still afford to take such risk and I think this will also depend on your status in life. Trading in long term is not that profitable because of many reason, investors says trading is not profitable because you are selling good coins early instead of holding it, while trader says its profitable because they are able to meet their goal for the whole month. Profit will always depend on how you see it, so better to know your goal first.

The way to quick success and how to earn the first million $ trading with cryptocurrencies - why risk your money when you can easily take money from others, and besides, the market is huge because everyone thinks it's easy to make $100k from $100.

Of course, all those who brag about their expensive cars and mansions help in this, they just don't say where exactly they got the money for all that - and the truth is that this money mostly comes from crypto projects that they successfully sold, and which today they are worth nothing.

I don't understand why all those who want to trade with cryptocurrencies don't first try to trade with stocks or something less volatile, but I assume that there are a lot of people who are still underage and cannot have a broker, a bank account and the like...

Trading is the most profitable especially in the long run since your skills/knowledge will improve as time pass by. If you just wanna know successful traders, just go to youtube or TikTok, etc. You'll find tons of them as well as tips and tutorials. You'll gain knowledge from them as long as you are not too lazy to learn coz trading is not as simple as 1, 2, 3. It really takes time.

Diversifying can be helpful. It works like a backup in case our trading fails because there are no perfect trades. Pro traders know this already due to the experience they have. Your friend is single. That's great but maybe you can advice him to diversify so that he won't lose that much. It's always better to have more money in hand. He may not be needing it now but he will regret it one day or by the time he already have his own family because he didn't save up and play carefully with his trades.

@OP it's fine if you think that way. Maybe it's time for you to stop trading and find other alternatives which will perfectly fit better for you. Trading isn't just for all.

Professional traders do this for a living and have a good amount of capital to wait it out if they ever do something wrong for a short period of time. Look at wall street and you will know what I mean, those people do not end up investing into things for just a day, and if they do daily trades which some of them do, they do not do it based on small mistakes that could become huge and bankrupt them, even the biggest ever 2008 didn't crash them, all of the continue.

So that means the best thing we could ever do would be having a big capital to be a great trader, if that is not available to us then we shouldn't really have hopes about such things at all.

Because there is nothing for them to prove in public that they are earning and for their safety from hackers, they keep on silent and continue trading.

And I know that trading is really profitable to others but it is also a disaster to others too. It is certainly hard for beginners to earn a profit which I see OP had complained about his experience from trading. But such a mindset couldn't really stay in trading and no way he could understand the situation for I believe he is not doing well and chasing success but can't accept losses.

There are limited people that can do the trade while making it as a living. At first it was so hard that it took almost all of his funds just to earn a decent profit and finally gained the experience and idea of how to trade with his own strategy for trading. One thing he said to the others was, don't try it because it might not work for you since it took him almost two years to become a good trader.

I can't imagine how much money and energy he needs just to go like full time traders like that but it's amazing although the risk was there you just need to work it out on how to play with those risk and the market.

If trading wasnt profitable then we wont really be seeing sellers and buyers in the market specially on exchange platforms. Pretty sure that there are people who do make out money out of trading and able to be
profitable but this isnt something that someone could easily attain or achieve since this would really be requiring that extreme skills and knowledge when it comes to buy and selling your coins in the market.
We do have that technical analysis and we do have those fundamentals and other things which are relevant and helpful on your trading journey or career.It is really just normal that lots would be losing their money
if they dont know on what they are doing.This is something that cant really be achieved by someone so easily and on the time that they do make out some engagement then losses then they would be
creating these kind of thoughts that trading doesnt really give out some income or not profitable which is really very wrong.

Did you know that the first recorded Bitcoin trade occurred in 2010, when a programmer named Laszlo Hanyecz offered 10,000 Bitcoins (worth about $40 at the time) to anyone who would order him a pizza? Today, those 10,000 Bitcoins would be worth over $160 million! Clearly, there are people out there who have been able to make some serious profits through trading cryptocurrencies. However, in order to effectively buy and sell coins in the market, one must have a deep understanding of the market trends and factors that can affect the price of different cryptocurrencies. Additionally, it is essential to have strong analytical skills and the ability to make informed decisions based on data and evidence.

So, it is important to note that it takes a lot of skill and knowledge to effectively trade in the market. It is not something that can be achieved overnight, but with hard work and dedication it is possible to become proficient at trading.

I did know a lot of people who became successful in trading crypto. But, here's the catch, they're not just traders but investors as well. They don't hassle themselves in the daily trading of their lives through crypto. They understand how volatile it is and how risky it is.
They're choosing to be passive than to be aggressive and cope with the daily trend of the market. I can say that I'm not that too active anymore in trading but I can say that I'm happy and quite well with my situation as of the moment but not with the market.

Where did you get that conclusion? Since most traders truly believe that it will be profitable in the long run, the beginning is the most difficult because you still have a lot to learn and will make mistakes, but in the long run you will avoid them and develop a strategy that will increase your winning percentage. I'm not sure where you live, or if you simply don't have internet access and can't find any professional traders who are really successful at this. Just looking at their yearly portfolio, you can really say that it is really profitable. I think you just made your first loss, which is why you concluded this, but there are a lot of people who quit their jobs just to focus on trading.

From what you have said, I can see that you are frustrated because you are not getting what you want from trading crypto. In fact, I see the opposite, the long term is a very good thing to do, especially when it comes to bitcoin. I think there are many who suggest prioritizing long-term investments rather than being a short-term trader. You can see there are lots of people out there who have had success with their long-term trading. It may be difficult to find people like that around us, but if we look around the world we will find people who are successful.

That's why we need to have patience because talking long term is not an easy thing.
actually it's a long term or short term investment depending on what coins are invested,
in crypto trading we can't always expect it to be profitable in a short time

if you can wait and sell it only when the prices are up then it is not trading, it is more investing.
If I am correct trading has certain short time frames. It could be a day or a few days. But not months and years.

There are many out there who can make money from trading and also get quite a lot of money from these activities, if no one can make a profit, the crypto market or trading platform will not continue to appear.
I'm not a day trader/sclaping or anything else but rather mid term or long term hold because I feel this way is more relaxing for the mind and there's no need to always pay attention to market movements

Yes, there is successful trading, it is relative. There is no permanent profitable trading, but there is profit and loss. The more you learn, the lower your losses.
The market is very volatile so results are not always guaranteed, some people actually make a living from trading but others lose all their money in trading.
You must first acquire good knowledge and learn skills, then you must have good capital to start, and then you study the market well and wait for the appropriate opportunity.

Not that I am frustrated. No. I did few trading attempts with the money I can afford to loose. After couple of weeks, at the end the amount is the same, however, I put a lot of effort into it. Now I understand that:

1. I was emotional or probably too much excitement
2. Didn't have any solid strategy. All I was trying to do id buy low and sell high. But then the moment I sold, it went up again. Or vice versa.
3. Didn't know the coin, and its fundamentals. However, I don't know if it is important. Because I saw some traders saying they don't care what they are trading. How is that?
4. Didn't know overall market trends, bearish or bullish.
5. Didn't know the tool available for trading and how to use them. Now I think I need to learn how to use those tools on exchanges.

Somehow these are the lessons learned so far.

It may have been the first purchase, but the first trade is still something that we attribute to one of the founders of this forum (Sirius), who sold 5000 BTC at the end of 2009. Also, Martti Malmi (https://www.cryptoglobe.com/latest/2020/12/early-bitcoiner-would-have-been-a-billionaire-if-he-hadnt-sold-out-in-2012/) sold 10 000 BTC during 2011, and for that amount he bought an apartment near Helsinki - so in addition to the most expensive pizza, we also have probably the most expensive apartment in the world, given that the price of BTC at that time was between $15-$30.

OP, crypto trading is not easy enough for beginners to do. and if you know people who you say are not making enough profit from trading, I bet they are also still learning in the crypto market.
if for a beginner, I suggest avoiding day trading first. you can try to trade long term, or maybe you can invest long term first.
If you ask those who are successful in trading, I think there are many, but they will not publish themselves.

How to draw your conclusions too early. Have you done it? or maybe your financial world is not in crypto trading. Don't misunderstand the problem of big profits or not depends on how you start the job and work better. Becoming a crypto seller is not much different from any other seller. It's just a tool, and you can't infer a point or two into one job so conclude that people are going to say you're just bullshit.

We many people doing well trading, if trading wasn't profitable you won't see it as one of the ways of making money both in cryptocurrency and financial market in general. One mistake people make before starting to trade is that they didn't equip themselves well with the knowledge needed to become a professional and successful trader.

Anyone who has undergone this education are always recording success so if you have been a trader and recorded some losses that's now discouraging you from continue trading, I'll advise you take some break and go learn how to trade properly then resume later and you'll see the difference.

I am going to quote myself since no one else did:   :D


The negativity in this thread is both amazing and somewhat encouraging for the rare people destined to do great at trading. For example: "There is no permanent profitable trading..", does anyone see the obvious here? 1) If you manage your money well, and take both long and short-term profits, it is possible to go a very long time with out a serious setback. Every time you close out a winning trade, that new money is instantly available for the next winning trade. 2) When you believe it is difficult and you will probably lose, then you WILL lose. If you truly believe you can make great money, then you will probably WIN. Best wishes to the winners!

What does believing in something have to do with what will happen in real life? Everyone who starts dealing with crypto trading thinks that they can make a lot of money, they don't do it because they are bored in life or have excess money that they want to lose. Those who will eventually say that they have profited are in very small numbers, and their success does not depend only on what they truly believed would succeed, but also because they invested a lot of time, money, and were persistent in what they were doing - with of course a certain talent that is always a part of success.


It is not a negativity but a reality supported by statistics that show how difficult it is to be successful in this type of trading. However, at the end of the day, everyone is free to invest their money however they want, and cryptocurrency trading is just one of the ways to lose money quickly (if you don't know what you're doing).

Have you also tried trading and were unsuccessful? This is probably why you are disappointed in trading. Just because you don't know someone who is successful in trading doesn't mean they don't exist. Most likely, there are very few of them and they don't advertise their activities. Real ones, not charlatans selling their pseudo-courses. If you realize that trading is not profitable in the long run, then pay attention to the holding. Until now, it has always been profitable, even with the ups and downs of the price.

True, not seeing them doesn't mean they don't exist, it's just that they might be more self contained and enjoying the fruits of their trade. From my experience, indeed people who are successful in their trading prefer to isolate themselves and not appear on the surface, and usually people who appear and want to be seen by many people I doubt their abilities. I don't mean to discriminate against people who are widely known, of course they can also be trusted. But now more and more are just claiming that they have been successful and are looking to profit from what they do even though they are not really experts.

If you have not seen traders who trade with profit, then you need to refer to the Binance rating page https://www.binance.com/en/futures-activity/leaderboard Similar ratings exist on almost all cryptocurrency exchanges and you can become one of the leaders when your trading is as successful.

There are actually lots of successful traders who are still making profit despite the market situation. They are more experienced so they know how to deal even with the worst market condition. They just prefer silence because others might think that everyone could make profit as they do when in fact, it's a hard thing to achieve. It isn't for everyone most especially those who are clueless about the risks of trading.
You can really make a profit in trading but it will take a lot of time and courage for you to understand every single detail of it. You have to invest time to learn and try things out. If you are not sure and dedicated about it then you might fail. Professional traders have gone through a lot before they achieve their target profits.

this is interesting list! never seen it before. Even more interesting is that those who are leaders of trading also in red! Many of them have negative total ROI.

why do you have a statement that long term trading is not profitable? even though long-term trading is an investment that in my opinion is quite safe and more profitable if we hold assets that really have potential in the future, such as holding bitcoin for the next few years. many have successfully traded crypto, and some of my friends have also started their careers as novice traders and have until now become quite successful professional traders. It seems you still have few crypto trading oriented friends.

You are sounding really fearful and lost of hope to make out a niche for yourself in trading. Always remember that nothing comes easy. Even if you want to eat, it takes an effort from you to put the food into your mouth. So you see it involves hard work in everything we do if we want to succeed. Keep trying but if you are not passionate about trading then peacefully quit and look for something else but be assured there is no easy life.

Technically, that's still trading. If you search for the meaning of trading then that's still the same as what you've given as an example. And what you're saying about the short period of time trades, it is a type of trade. There goes the long-term type of trading which is also said to be investing and there goes what you are understanding which is short-term trading. As long as you buy and sell, there's the trade that happens, so by definition, that's trading.

OP you said long term investing is not profitable. I would definitely say long term investment is profitable. But of course long-term investment should be profitable large-scale coin investment. If you can invest in bitcoins and hold it for long term, you will definitely be profitable. Many people are running their family life by trading. I used to trade at one time too, I rarely lost from the trading platform. Currently I have put trading on a hiatus due to huge loss from my investment. Once I recover I will go back to the trading platform.

I have looked through all the rating pages and have not found a trader who has a negative total ROI. Post here a screenshot of a trader who is included in this rating and has a negative total ROI. This is a rating and if you have a negative total ROI, then you will not be able to get into it.

This one for example: https://www.binance.com/en/futures-activity/leaderboard/user?encryptedUid=BAB8960FE8CCE6B8BFBF357BFDBAF117
I mean I might be wrong reading the data, however, I see that his Total ROI is -6.57% and Total PNL (USD) -175,183.33

If you are asking is there anyone who is successful in trading and they consider trading as their primary source of income? I can say that, yes, there are many. But to do that, they also spent a lot of time studying and training and also lost a lot of money in the past. Everything needs trade-offs to achieve, it's not easy to do in a few days or a year or two, it's a very long and arduous process.

As a newbie, you need another source of income, not just trading, because trading is not always profitable for us. Only consider it the primary source of income when you have enough experience and are sure of your earning ability.

The rating indicating "TopTraders By Weekly ROI" does not fully reflect the trading success of one or another trader, indicating only that he has been trading with profit over the past week. It is in this rating that the user you specified got. More objective data is presented in the "Featured Traders" rating, which is based on Total ROI.

From my personal experience if you want to almost daily trade like a lot of my colleagues do let me tell you straight away that no one of them is profitable and that for the simple reason that I believe trading if done daily is the same as gambling because you have no real way how to measure things in just a day or a couple of days.

I have only won when I have bought/mined the coins let's say in 2018-2019 and sold them in February 2021 for 60.000 dollars for a Bitcoin while when I mined them as I didn't bought any it was the price of 2000-3000 dollars for a Bitcoin so even if I bought there,it would have be a huge profit in 2021,that is the only case when trading is profitable,only when you are in for the long term.

Crypto trading can be both very profitable and very detrimental, and what you should know is that crypto assets are known for their high volatility and price fluctuations.
Coming back to the question is crypto trading profitable? The answer is Yes with exceptions, and the exception is that we can make a profit in crypto if we are good at managing existing risks with psychological management, good money management, and with a very reliable understanding of crypto trading knowledge.
and correct and profitable trading is when the market is bullish, and vice versa when the market is bearish in my opinion it is difficult to get profit. And while it can be, maybe only marginally profitable, it also depends on how much capital you have and also your skills in trading when the market is bearish.

Trading every day may use the scalping method which is widely used by fast traders, but has a higher risk and the capital used is also large enough to take profits little by little and do it quickly. If you don't have good analytical knowledge, it is not recommended because the trading process will be faster, using a Time Frame under 5m.

I recommend it for casual trading, not too fast and not too long. Mid-term will be more humane so there is time to do an analysis and determine the right strategy for trading.

When the market is bullish and volume starts to increase, trades will be more comfortable and executed faster because market movements are more active.
and if the market is bearish it is indeed quite dangerous to force trades.

But that applies to Spot trading, while for Futures trading, bullish or bearish both can produce profits by trading both ways, but with greater risk of course.

I haven't in a while, but I remember 2018 and what I did and I can easily say that you could still make a profit during this period as well. All you have to do is understand the volatility of it and the ups and downs and find the price ranges between support and resistance lines and how it acts.

Usually the bear market is a long one and that means price may drop time to time by a huge percent and that would be terrible for you, but aside from that it could go up a few points high and a few points down most weeks. If you could buy from the low end and sell at high end and keep doing that many times, even those few points could result with a good profit in the long run.

I will like to know how long you have been in the learning process and what your expectations was while you are learning. When it comes to learning how to trading having the right mindset matters a lot. It is this mindset that makes out strategies seem as though they are the best. Don't forget losses is part of the business.

Coming to a conclusion so quick is an indication that you never had time to nuture your strategy and maybe you had the mindset of trading been a get rich quick scheme. I still trade till date and my goal is to slowly improve on my strategies. Generally a successful trader is always refered to those who pull thousands of dollar from the market but that is not it. If as a trader you are able to maintain series of clean trades no matter how small your profit seems you are successful. The goal is to stay bullish no matter the trend.

This is why you should really be careful on trying out to check out those Data because there's really a huge difference when it comes to duration or time scale which either would really be just good for a week time
but in overall when it comes to Total ROI which i could say that it is really that a good thing for you to look upon.This would be significantly shows on how a certain trader been doing.
Pretty much sure that there are people who do make money on trading and this is why we do see this huge community of traders because we are aiming on the same
target or goal which is to make money.How? Those are just that common and basic buy and sell thing.

Yes, it's difficult to find someone who has made so much money from trading that he can enjoy a comfortable lifestyle. This is due to the fact that the majority of traders are small traders. And we don't have a lot of experience with market movements. Whales or big traders are clearly winning. Because when you sell, someone is buying on the other end, and vice versa when you buy. So someone on the other end is either losing or winning. For me, I've lost and won numerous times. So I can say that I am profitable. However, I am not a day trader. I hold for a short or medium period of time. I sell my holding when I make a good profit.

No one would want to trade without wanting profits in return, as there are a lot of successful traders but chose to be silent and stay low key despite of their huge wins or profits. Those are obviously doing trading to earn a living, regardless if its main source or not. As long as you have great strategies and skills in trading, trading will always be working and profitable in the long run.

A trader who are making huge profit will never expose it, not unless you have to do that to attract possible trader to follow your strategy which they started their side hassle on sharing it and guiding people on how to trade as well. I know someone who are making good profit, and also know his losses which I can say is not that huge when you compare it to his losses. Trading is not consistent, there are times that you might have a bad trades or the market didn’t go according to your analysis, and to survive on that it will take another analysis, traders have to anticipate it by setting their cut loss price.

If you are looking for successful traders who will claim that they have been into huge returns, I guess you will fail on that. Trading involves money, so that means traders will never risk theirselves to put their lives into danger by claiming that they have been doing great in trading, as they can be a target of scammers anytime. But yes, they really exist, but they are more silent when doing trading and stay low profile to hide their wealth.

This proved that trading is not for everyone, trading is a serious way of making money --you need to spend time if you are especially in day trading which is acquired strategies and skills. Doing money in trading is not that easy and as you can see, no one will survive and most of them prefer long-term investment to day trading.
If there is anyone else, I think they will not expose their strategies and anyone claiming themselves as an expert in trading is not true.
When the market price is at a bearish situation it is really hard to have ROI in trading --not unless we are in the bullish trend which is I think everyone gets their profit, so I think long-term holding is more profitable than doing day trading.

I am not really good in trading but I have also not been losing that bad when trading. Because as long as we trade using our decent and working strategies and keeps on improving our knowledge and skills in trading, we can expect to come up with successful trading later on. Of course, there are still inevitable losses and but at least we were able to maximize our profits too.

It was not for everyone because not all were able to understand the market volatility and even losing a few bucks, they easily just quit then and blame the market. Because the usual thinking that people come into trading is to easily earn a profit but unfortunately, it never works like that as it needs hard work and persistence in order to succeed. I see that many traders are having difficulties in trading and those who keep their faith and pushed themselves to the limit will surely get the highest rewards.

It seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone.

I thought the more you learn, the more you know that trading is profitable but I was wrong, and I think also that this is not for you OP.
I believe in rumors, not news, and the ads we've seen on the internet but I was certain that many traders have a decent income from trading. Yes, not all went well, and not all survive (just like you) but there are a few traders who successfully win their emotions and reach their goal. But as I see into your story, it was hopeless as you already think that you fail in trading.

You are still said to be a trader because you are actively trading your assets regardless of the time frame "eg 1-7 days". I think it just depends on how you set up your trading strategy, but if you are waiting 1 year to take profit then it is the right time frame as an investment.

Sometimes you need time to profit from trading, so you need to wait for the price to rise to your desired target. It is also trading, not investing.

Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.

It wont never be trading like gambling unless you trade and you dont know at all and just waiting for luck to struck you. Gambling is mostly luck even if you have strategy still your percentage of winning is still low. In trading that is why you keep learning its because you want to predict your market. It need skills not luck, but there are still people that are doing trading in gamble style but it isn't profitable in the long run

Everyone knows that only a small percentage of traders trade with profit, the rest either lose their deposit completely or partially. Therefore, there must be those in the market who do not know how to trade, and who will definitely lose their money just so that a small part of traders will make a profit.

That's right, just because I may not, doesn't matters others won't either. I could make a lot of money while you could lose a lot, I could make a lot with you, or we could both lose. It's just something about the period and there are a lot of people who are trading and making huge amounts of profit right now.

We need to learn how to be like them, but if we do not want to that's fine as well. Some of the richest people I know in the crypto world are people who just bought and hold good coins, mainly bitcoin. I had a friend who had ETH when it was 9 dollars or something, still holds to this day, says he will never sell. So, it's important to find your place, and if you are happy there, that's fine, if not, go search for it.

You can only say this if you are already a long term trader who experienced a lot of troubles with your trades. I’ve been trading for years now and I can say that my total profit for a year is quiet not big but good enough to meet my target. Have your yearly target, assess if your trading strategy is good or something is bad with your approach, trading should be profitable so don’t let any losses to stop you from doing better.

There are alot of people who already make a lot of gains because of trading and of course, they make a lot of time investment too before being in the situation with them right now of having winning trades, it consumes alot of time, money and emotional investment with this because it's all about the battle of experience, knowledge and emotions in executing a trade, I suggest to invest first with your fundamaneltas in trading and seek for the strategies so you can adopt or make your own technique to wins your trades. Always makes your own decision and do not wait for the signals of other people.

It's not about "is there someone out there you don't know about", it's about are you one of them, and if you are one of them then how did you do it. We can guess that there is at least one person, probably dozens even hundreds of people who make a profit from trading daily, but we do not know them.

If we knew how they do it, like if that person explained to us how they can make that happen, then we would learn and do the same. I personally do not make enough from trading to consider it a full-time gig, I do not make enough to consider it even a part-time gig. So I can't answer this question, but if there is someone who does, with proof of course, it would be great to explain it.

I don't need to prove to anyone or make it public about profits I make through cryto trade and I believe it's same for every wise crypto trader for the sake of your security as you could make yourself a point of target to hackers and non-well meaning people around you through your public show.
It's better to lay low perhaps announcing your failures on trades much often than your successes. There are lots of crypto traders out there doing very well with profits and we don't need to loud it so OP go do your analysis well and come back with forensics to your claim.

I think both questions are still the same. When he said "is there anyone" it's already understood that we are included on it. I don't think there are hundreds or thousands of people who can be able to rely on trading and make it as their primary source of income but there are a good number of them who can be able to pull off a profit even at most times.

Losses are there and they are aware of it, that is why they only treat it as a side hustle. Someone could share their trading strategies here and then we might attempt to follow it but we should keep in mind that things can still occur differently. One thing that is responsible for it can be luck.

Funny, indeed. However, despite how sad this is; there are people who cash out through that process. This is why I find it difficult believing that those who sell signals on Telegram are genuine traders. They're mere signal marketers who prey on the naivety of lazy traders to enrich themselves. Genuine traders are not likely to have much time on their hands to be dishing signals while they're on trades.

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OP, don't let the losses of those you know discourage you from believing there are profitable traders around who live solely on trading. They may be infinitesimal but surely they're there.

Well, I agree that it's hard to find people who are able to make money consistently in the long run by crypto trading but I do know some personally who have done it and are doing it quite successfully. I tell you a secret today, those who are actually making money by trading will never say so because they know they are making money and they don't need to sell the idea or seek others approval.

Trading is just like any other money making idea, you need to apply yourself and actually learn the strategies, tools, etc and practice them with smaller amounts. With any profession you need a degree and years of knowledge similarly with trading if you have to actually make money you will have to take it seriously and learn about it in depth. People trying to learn trading overnight are actually soft gambling.

Doesn't quite make sense. Are you in profit or loss overall should be the question and if the answer is loss then basically you are fooling yourself by saying "you are maximizing your profits". If you are break even then it's basically a hobby more than a profession.

Agree, 95% of the traders lose money and it goes into the pockets of the 5% smart traders who know what they are doing. Since the introduction of altcoins this market has become worse because people are literally buying memecoins and waiting to get a 100x which may happen but neither it's healthy habit nor profitable in the long run.

How are you drawing such a conclusion?

This depends upon your perspective, if you are thinking that you can leave your job and get into earning millions by trading then you are wrong. Again it is also true that you can make a certain amount in trading that might vary every month and be happy with that while running a job.

In other words - Trading can be a side hustle for many of the users who know the basics of stock market trading and speculative markets. It may not be enough to support your living.

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

We have so many areas of trading, one could either chose the one that work for them or follow their influencer in market. Money is what everyone wants for trading, we fund in other to gain profits in trading position. It's advisable to always have a side hustle if one would succeed in trading, most people don't depend solely on trading for their income, it's outside their work or when less busy that they open trading position, some either learn the FA and TA by themselves, paying for signals group inother minimize their loss and maximize their profits. Trading is basically meant for profits, in a situation where one is recording more loss than profits is very  economical and not presentable.

You are asking one of the most important questions any human could ever ask :) Positive attitude combined with the belief in exciting goals has worked for many people, and it's working pretty good for me on most days:
“Belief gives you the power to achieve the extraordinary.” Chris Powell
“If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.” Gandhi
“Belief has the power to change your inner state and your outer world.” John Paul Warren

Loss and profits are both there when it comes to crypto trading. But the main concern here is how many times are you making the same mistakes that is leading to your losses, and are you able to make more profits than losses?
There are many people who are successful and doing great to lead a good life while trading. You just need to improve your research. And who says trading is non-profitable in the long run? As you trade more, you gain knowledge to improve yourself. You get better at it. Thus you make more profits.
I totally disagree with this whole topic.

If you are really that on a situation on which you arent that earning that sufficient then trading would be a worthy side hustle but of course you would be needing up that risk taking decision whether you could able to bare up with that or not.This isnt something that everyone could deal off with, not only on the risk involved but also on the money that you do need to invest and make use for you to make up some trades.

There are indeed people who do make money out of trading and they are just on the other side for those who do losses in front.
If you are really that serious to be part of those profitable traders then you should do your best.

This exactly my thought experience and professional traders won't publize or reveal their profits earned from trading and I believe it is personal issue because a lot of professional traders prefers to do their trading anonymously, infact they are so busy and earning well such they don't have time to mentor newbies, and it's very obvious such traders are profiting well based on the huge numbers of traders in the major exchanges and huge volume of crypto traded on daily basis, the OP should take time to learn all the basic skills required to become a successful trader of this this is not a day job but a long term training as well as learning and practicing with demo.

I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales. they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

Buying an asset at a high price and selling it at a low price will always lead to losses - this is what happens with most traders out there and there is no way to avoid this unless you are reading the charts well and having the patience. Instead we buy low and sell high it becomes a simple math to see that we will profit. You need whales to tell you this, but you can do this yourself if you have to patience to hold between the cycles.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

The long-term is a good option to provide large returns with risks that may not be as great in the short term. You only need to hold and wait for the price to rise to reach a predetermined target.

Whales always aim for large volumes to sell, before that there was FOMO and some positive trends were already forming.
This kind of trading with a long-term method is good for those who are patient and not too hasty, but those who want to do short-term must know technical analysis to read charts to find the right entry and exit momentum.

Remember the risk will still be there and it is the responsibility of each.

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%, and that only takes into account a time frame which is relatively short, so traders which are successful over the long term should be even more rare than that, and when you take this into account this could help you understand why you know no one like that, and when it comes to how to do this I am sorry to tell you that probably no one is going to give you that information, as such information is simply too valuable to give away for free.

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

It's true that we only need to do that but we also have to remember that in crypto it's difficult to predict,
so we have to really do research and it takes a lot of time, for sure,
the most important thing is that we need to know what to do both when it is bearish or bullish.

Trading results are better during the bull season but a trader must have to find a way despite the difficult times like we have these days. Either it was just 3-5% earnings per day still big enough to survive. Otherwise, we push to change our job to become a holder.
We could say it was not a good time for traders but I see some people are still enjoying this and still earning, and they have no complaints about it.

Crypto has always been unpredictable but despite that and having the characteristic of being unpredictable, there are people that can make money out of it.

They've been used to the market and whatever it moves, still, they can have the notice of what decision they should take. And for them, it's an unstoppable research and continuous learning because that's they've known the market.

If you're not prepared and you stop researching, you may also stop making profit as a trader because it's essential that you have to collect information coming from the market itself and the news that surrounds it.

There are still many traders up to now OP. But I do think that there are only very few traders doing it for a living. Most long-time traders most likely have many sources of income or even have regular jobs just like those that I've met before. I am not really a fan of those so-called traders that are hyping themselves. They are proud to tell people that they trade for a living but are actually selling their strategies and trying to become mentors to newbies. Because if they are really profitable in their trades they do not need to ask for money from other people. Maybe they can ask for affordable fees for their effort but some of them are asking for $2,000 or even more which is insane.     

For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. Also often they use a relatively shorter time frame.
Talking about income for a trader, it will also talk about the capital they spend to start trading. The capital they have is important because it will make it easier to determine the profit they set. I mean minimal capital doesn't make sense if you target big profits. Of course this must also be done by an experienced trader.

It is a fatal mistake that few traders do to trade for a living because trading has gains and profits, but also there is undoubtedly a possibility of loss, it should not depend on trading profits mainly, the right thing is that we trade alongside our job or alongside any source of income for us, and trading is a secondary thing. Long-term trading can bring us good profits if we have sufficient experience, strategies, and the ability to deal with charts, technical analysis, and the use of stop-losses. Whoever sells his strategies to beginners is definitely deceiving them, because there is no guarantee that these strategies that worked with this person will succeed with beginners, so self-reliance, learning, and patience is the best solution.

I'm sorry for your losses but yes there are people who are doing incredibly well in crypto trading and living all their lives on it. I was once trading (synthetic indices) for some time and my first $2000 was actually from trading synthetic indices and I can also testify that trading though a risky business is still very lucrative.

One thing you have to know is that trading isn't for everyone and you must have to first take things very easy with yourself and try as much as possible to learn the necessary rudiments before jumping into trading and you also have to treat trading as a business and not just merely a get reach quick scheme and hence make fixed plans.

This is true only if this trader has experience and is able to trade profitably. But trading on the bull market allows you to earn not only experienced traders, but also beginners. Because there is nothing easier than to buy today and sell tomorrow, while making a profit.

Trading is not for everyone and certainly not as easy as some make it sound. If you are not profitable trading, it is better you stop before you lose your money completely.
If other traders where not profiting from their trade I doubt they will keep doing it just to lose money.

do not benefit from trading so they do not understand the basic knowledge of trading. If trading only relies on feelings and guesswork, then it will be very risky. An analysis is required for trading to determine when to enter and when to exit. Trading is really for everyone, but the people who win understand and know what to do.
There are many people who trade only with confidence without basic knowledge, and you know that in the end all their money will be lost because they are too panicked and don't know what price to buy and what position to sell. especially when trading futures, they will be liquidated quickly.

There are so many people who bought at a high price, and when they saw the price going down they ended up selling it. Why though? Like why did you buy at high is a question that they need to answer themselves, but that's fine because sometimes you buy at the wrong time. But why do they sell at a lower price? That never made any sense to me at all because you could have waited for it to recover and that would have made you so much more money.

All in all I believe that we should be keep holding whenever the price goes down, and we could make a lot more money that way, it just requires you to keep holding and that's not really a big problem at all.

That's a thought that I think tends to be short, I don't mean that anyone would want to buy now, buy now and sell it tomorrow with the profits you get. But in practice it's not that easy even in bull season. When the bull season occurs, it doesn't mean that we can buy at will without doing anything for market analysis, moreover what is being discussed here is beginners. Do not let beginners think like this, because in my opinion this is an action that must be avoided.

Exactly. Just a few hours ago I commented on a Facebook ad about a company offering people to learn how to trade. They deleted my comments and blocked me when I tried to respond to a comment that their training fee is $10k. They also try to convince people that they offer a discounted price for their early participants and that they only need to pay $1.6k which is still ridiculous IMO. Their style is to host free seminars in order to convince people. In the seminar that I joined before, they will boast that they are earning a minimum of a thousand dollars per day. It's funny, because if they are really earning that huge amount daily, then they should be traveling and relaxing, instead they are traveling to convince people and even spend money to have their ads on Facebook and Youtube.

I myself was once a beginner and I remember how I just made money in the bull market without having enough knowledge. Now I understand all the risks of trading and the fact that it was very easy to lose my money, which I subsequently did when the bearish cycle began. Many people have to learn from their mistakes, but in any case, this experience turned out to be invaluable)

Anyone can make money on a bull market, it's just about how we have patience before selling our assets. Without proper knowledge, a bull market allows anyone to make profits but also about losses. Traders will lose when they don't have anything that can make them understand the market, and actually analysis and understanding of the market is very useful to get maximum results.

The important lesson about the bull market is not to be too greedy, while we really have to see a different potential in a bear market where the opportunity is very large to invest and accumulate assets for the long term.

Of course, in this case, it's not just you, because everyone who is already a pro, even though they started out as beginners, but there are those who really want to learn seriously and immediately learn the ins and outs of this from A to Z related to trading, and some don't.
Experience is clearly very important because this is where we get more things, of course failures and mistakes are something that cannot be separated from the process.
As long as we are aware of conditions like this, I don't think the effort put in will betray the results, of course, it's just that we need to work hard to achieve the desired results.

I have known a lot of successful traders in the forum but I don’t think they want to expose their names. And I would say personally, I have made significant profits from trading but do not expect that it will always be profitable because trading outcomes alone can even be uncertain. That is why if you aim to be successful in trading, do not consider it as a main source of living, have your main source of income and just consider trading as a side hustle.

There's a few keys to trading.


1. Know the four year market cycle and don't try to trade against it
Basically trade from the bottom up until early in the bull market. Don't keep trying to trade late into a bull market year because you never know when it'll stop or how high it'll go. Stop trading early in a bull market. But you've got two years to trade from the bottom of the market to when the bull market starts getting hot. So basically, trade for 2-2.5 years from bottom of the market up, then cash out until the next crypto winter gets deep. For instance, I stopped trading December 2021 (should have stopped earlier, lost a good amount of money keeping my trades that last month after the market peaked) and just started again at the start of this year once it became clear the bottom was almost certainly in. I'm up 33% on my trading stash in the past 24 days. Compare this to when I kept trying to trade through the bear market in 2018 and lots tens of thousands of dollars doing that, and also same thing 2014 though had much much less money in back then. Also, stick mostly to trading Bitcoin and Ethereum if you are still trading well into the bull market because altcoins are fads and one altcoin may peak early in the bull market as noobs switch to hyping up different altcoins, you can't trust any specific altcoin is going to keep going up until the end of the bull market, even if you are getting out of the bull market early as I suggest here.

2. Only trade coins you are familiar with.
Most altcoins are crap, let's be honest. If you aren't familiar with its past and its price movements and its prospects for getting hyped you're going to be taking on a lot of risk picking coins at random to trade.

3. Try to minimize risk, not maximize gains (IMPORTANT!!!!)
Trading is very risky. If you want to have long term profits, and not just get lucky here and there but lose money long term, you need to focus on minimizing risk, not maximizing your profits. This is incredibly important. Because if the market goes against you you can easily lose all your profit no matter how well you were doing up until then. Some ways to minimize risk are:

• Never go all in to one trade, always split your trading stash up into multiple trades.
• Also have those multiple trades at different price levels, don't just buy several different cryptos all at the same point in the market, make trades in a staggered approach, this way if the market drops all your trades aren't stuck in the market all at once.
  
• Choose small percentage profits on each trade. Don't try to hit 50% profit on a trade just because most days there is something in the market going up a ton, odds are you are rarely going to be trading that coin. Look for 2%-10% profits on each trade, 10% would be a big trade.
  
• Don't try to always be in the market. The market goes up and down, if you are always in it then you are gonna get trades stuck in the market or have to sell at a loss, thus erasing your profits. So when a trade completes don't just immediately get back into another trade. Watch the market, try to discern if the market is likely going to go up or down next based on recent market activity (like if it seems the market is building up, or going to drop further, or if it seems like a reversal is likely). Basically don't day trade. Day trading implies every day you are in the market putting in new trades. You want to pick specific cryptos at specific times when you think there is a good opportunity. You don't just want to blindly be starting a trade whenever you complete another trade.
• Try your best to never have all of your trading stash in the market  at any one time. Occasionally it might happen, but generally shoot for at the most having maybe 60%-70% of your money in the market at any one time, because you may think you are making good trades but then the market dips and you either get out and lose profit or you have to wait for the market to come back up, which means you'll want some dry powder to be able to keep trading at the new lower price levels. Sometimes you're even going to be mostly in cash because, like I said in the previous point, you shouldn't always be in the market.

4. Only trade against USD (or whatever stablecoin)
Don't trade against BTC or ETH or any other volatile crypto. Trading one volatile cryptocurrency against another volatile cryptocurrency is just way too much risk. I, like most people, used to trade against Bitcoin because the goal was of course always to get more Bitcoin. But I always ended up losing Bitcoin in the end from trading. Only trade again fiat and stablecoins. Then if you want to accumulate Bitcoin with your trading profits, or Ethereum, or whatever, do that with your profits once your trades have completed.

5. Pay attention to taxes
Start every trading year in cash, and end it in cash. That way you know exactly how much you made (or lost) that year from trading for tax purposes. You don't want to be trying to go back through a year of trading and figure out your gains and losses. It will be a very simple calculation if you start and end the year in cash: (end of year cash + withdrawals during the year) - (start of year cash + deposits during the year) = profit or loss for the year. Oh and this is another reason you only want to trade against fiat or stablecoins. If you are trading against Bitcoin, and the price of Bitcoin drops, you may have technically made a bunch of money during the year but the Bitcoin you made could be worth significantly less than what you made come tax time, meaning you are going to be totally screwed. This has happened to plenty of people over the years. Also, if you are using your profits to accumulate Bitcoin or any other crypto, make sure you are accurately accounting for how much tax you will owe and sending that to your bank before you are making those buys. If all your profits are just staying in cash then it doesn't really matter cuz you can divy up what you need for taxes at the end of the year. Though if you're spending some of your profits for your cost of living you want to make sure you are accounting for taxes as you go as well because you don't want to have spent profits throughout the year, and then the market drops before the end of the year and you have to take losses and you lose the profits you were going to use to pay your taxes.

6. Ideally don't try to live on your trading profits
If you have to live on your trading profits, you are probably going to be trading emotionally, and you are probably going to make mistakes. Unless it is very easy to make what you need to live off of from trading, don't do it because it will put too much pressure on your trading. If you need $2000/mo to live and your trading stash is $100k so its super easy to cover everything you need, fine no problem. But if you've got $10k you're trading with and trying to live off that don't do it, your profits should just be for extra money to grow your wealth, not for monthly spending.

7. Possibly take out your profits rather than compounding your trading stash
It's always very tempting to compound your trading stash so it grows bigger and bigger. You can do this, but just know what you are doing. Remember that if the market drops and your trades get stuck or you sell for big losses then your previous profits disappear. But if you are cashing out your profits to the bank, or at least holding them in cash on the exchange and only going to use them during a market drop so you can buy in low, you're going to be a lot more successful. For instance, my plan for this year is to compound a little bit during each month but also be taking out profits as I go so that by the end of each month I'll generally have all my profits taken out and in the bank. Once my profits cover all the money I need for the year then I'll start keeping my profits on the exchange to compound my trading stash the rest of the year, but specifically that will allow me to keep a larger percentage of my trading stash in cash and look for dips to buy into, thus lowering risk.

8. Be able to read charts and use different duration charts
If you can't read charts and get a sense of momentum of the market and momentum of specific cryptos then you're going to just be randomly guessing when to do a trade. Granted, there's always an amount of random guessing when it comes to trading, but if you have a good feel for the cryptos you are trading (#2 above) and understand charts well your trading guesses will be a lot more accurate. And don't just trade on a single duration chart. Don't trade just with 15min charts, or hour charts, or whatever. When you are looking to start a trade, check several different charts for several different coins, and only put your money in when you find a coin that feels like it's going to be bullish over the coming hours or days on several different timescale charts. Maybe a coin looks great on a 15-minute chart but the 1-hour chart doesn't look good so you should be wary. Or maybe the 30-min chart looks kinda blah but you scale back to the 6-hour chart and you see it looks like the coin is building up to a breakout so you could get in a big trade from it within a few days or so.


That covers it pretty well. They keys are basically focus on minimizing risk instead of trying to maximize profits, account for taxes at all times, trade stuff you are familiar with, keep your trades small both in amount put in and in profit taken, and trade different cryptos at different points in the market don't go all in on one coin and don't go all in on multiple coins but at the same time, always try to have dry powder in your trading stash in case the market drops, don't always be in trades be strategic and only do trades when you have a good feeling, only trade against cash or stablecoin and not crypto against crypto, understand charts and check different timescale charts before every trade you do, take out at least some of your profits so you're not always risking what you've already made, and know the four year market cycle because you should really only be trading for 2-2.5 years of the upswing every four years.




To give the example of what I'm doing:
I'll be trading this year, next year, and probably just the first few months of 2025, then I plan to stop trading until the beginning of 2027. My typical trade is only with 10%-20% of my trading stash and I spread them out I don't do more than one or two trades at the same time or at the same point in the market. I typically look for 3%-10% profit, usually in the 3%-5% range but if something looks real good I'll do more like 7%-10%. Most of my trades complete within a few days, sometimes within the same day. I usually try to have no more than 50%-70% of my money in trades at any one time, and I get worried when it is higher than that. Every week or so I'm moving some of my profits to the bank. I mostly only trade coins I'm familiar with, sometimes I'll trade a random coin just because I have a real good feeling about it but honestly this causes stress. I always look at everything from 15-min charts to 1-day charts before I make a trade to get a sense of the short term and long term movements and momentum of the coin. All my trades are against USD. I only sell for profit, I'll just leave trades in for longer until they get back to profit if the market drops, which is why it is important to always have some of my trading stash in cash, and this way I'm never erasing gains I've previously gotten, but I may sometimes just not be making any trades for a bit while I wait for the market to come back up. I am using my profits to live off of (I'm retired early thanks to Bitcoin as of a few years ago but now I'm trading just to have a bunch of extra money and so that I don't have to use my Bitcoin to live off of in retirement), but I make way more from trading than I need to live so I can keep my trading unemotional, now granted it has been a great month for crypto so far but just to point out I've made over 10 months of my cost of living in these first three and a half weeks of the year, so it is very easy to make my money for living from trading so I don't get emotional trying to make them money I need to live off of. I plan to compound my profits in my trading account but only after a few months of trading once I've sent a bunch of money to my bank account so that I have no worries about how much cash I have in the bank. And at the end of the year I will get out of all trades whether they be gains or losses so I know exactly how much money I've started and ended the year with for tax purposes.

Stop in time? Whether you do make some profits or trying out to cut your losses.This is very situational and this is why it would really be that depending on how you would gonna deal off with those moving prices which we know that this is the toughest challenge on the time that you do touch up trading.There are indeed people who do make money out of trading and this is where lots of people
are really that thriving to learn from it which it isnt a surprise.Just like the rest been saying that not all would really be that easy but its not something that impossible for you to make
money.It is really just depending on how you do deal up with things.

You mean anyone here who is making money through trading? Of course there are tons and thousands of people that are making some good profit by trading coins. You don't hear about them because, they trade, make profit and is happy. You only hear about those that lose their money because they are the ones that comes here and starts venting how trading caused them to lose everything. And also it isn't as easy as you think. You won't always be making profit. There will be times were you do end up losing money. That's the risk that comes with trading.

People lose because they are expecting to much a huge return on their trades, their action about posting their negative sentiments is normal because they just want to vent out their emotions on what bad lose they experience. But actually those winners are pretty much silent about what their achievement since they remain focus and steady on their trades.

trading is profitable hence you make correct decision and I think that the foremost option should be bitcoin. Day trading is more riskier but if a person has experience then he can easily make money.

Trading is beneficial but it also consists of some hazardous situations because people do not have knowledge but they want to become rich very quickly although its not an easy thing.

As compared to day trading keep holding is better decisions and it will contain less losses

Venting out is normal as we feel emotion but if you keep ranting and stating bad things about it then it is not good. Though losses are not always about the trader thinking always profit, others just hastily put trade without following their strategy. Every loss is a lesson to a good trader since they are always learning from it but those who are bad traders always rant. On the other hand, those winners some are boasting their profit and some are just silent and just observing.

They think that they made a mistake buying at that price and since it is going down they could either sell at loss or short sell. The second option is usually nonexistant because after selling at a loss they are supposed to buy at lower price to complete the short sell, instead they become hesitant and dont engage the trade at all.

Often this is done by those who are looking for quick gain on the crypto market so they just bought at whatever price they could see, who dont have any long term goal.

That patience will be lacking if you have the headache of having to pay back a big loan or you are looking to pay back some big bills - often the root cause of the quick-rich mindset.

For someone trading is full of positive results and for others it is not just advantageous for them. Trading does not mean that you will always get positive feedback but instead you will also experience some bad results because it is variable and price changes on daily basis. Trading are of various types some may give you profit but some make you hopeless. Trading is most demanded but most risky business this time because you cannot win all over the year.

Its seems the OP still has doubt with how much profit earn and many trader or investor become success by trading, I don't think more basic question asking here because many people know about how success achievement with trading due have adopted with right thing in trading. I think need positive mindset if want to be success in trading and there are not matter about how long and how much experienced in cryptocurrency trading but still adopt with bad habit will get loss chance here.

I have got full positive side and advantage from trading, have been my main job and passive income from investor and half of my portfolio assets as short term trading.

Unfortunately those who end up buying at the top, near 24k levels, looking to sell now that it is low, and the sad thing is that, after they sell, it will probably go back up again. And they will think "as soon as I bought, it dropped, and as soon as I sold, it went up, I am so unlucky" and not realize that they are just newbies.

If you think that price dropped right after you bought or went up right after you sold, then it means you are a newbie who made a mistake. You should have bought when it was going down, if you bought after it went up, you should have realized that it could go down, and if it is going down, that means it will eventually go up, so if you sell without waiting, you will lose there too.