Daytrading for living. Myth or reality?

[raven7886]

real. possible.

becuzz so soft markets for pro traders. so easy predictable for pro. no any regulation no any goverment surveillance. %90 population amateur fish home trader.

That is exactly my main argument. As no big players in crypto who can manipulate markets as they do it in classic markets

If you know there are whales in the markets, then you would not say this.
They have huge influence on the market since they have a lot of money and resources to do so anyway. It is a huge market and in as much as there are lots of cryptocurrencies, there are also some whales in high places that can manipulate the market for profit. You just have to know how to play along. The recent pump in BCH is one of them.

[TravelMug]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

You already has a foothold on how things work so it really doable. Although you have to take in consideration how much volatile the crypto markets works but you can take advantage of it since you are planning to be a day trader. And you have to be prepared to lose that $1000. In your case, I think its better to have a plan B, just in case something went wrong.

There are a lot of manipulators and whales around, you need to be vigilant on how they operate. I simple buy order could trigger a panic resulting in a lost revenue. But if you can stomach them and have plan B then its a good idea I guess.

[Proximity Scan]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

It's not a myth, but it's not everyone's job. Only limited number of people can achieve this because day trade is very risky and you can lose much money while you was performing day trade.

You better, move to mining instead of day trade. More guaranteed income.

[iram1011]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

Altcoin market is full of amateur and teenage traders who are mere copying others. Whales are running and manipulating the market, can pump any coin anytime and exit with profit. Technical indicators are worthless here, tbh. Market is highly being run on sentiments. A single rumor has enough power to dictate the market.

Earning through day trading is indeed enough for financial freedom. You can easily get 10%-50% on coins by just following news along with some TA. But do keep above points in your head and do trading with less amount to get the idea of the market before jumping in completely or leaving your job.

Even I am preferring day or short term trading right now because of Bitcoin's bullish movement. Alts are behaving oddly since October and same will go for more months. So, better to stay for short term except for some large cap coins(long term hodl coins).

Good luck!

[Palakka]

there are many of people trading for living. including me, my job is altcoin and bitcoin trading everyday.
so it reality and I can survive until now.

[matchi2011]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

Many people have been living off trading dude so it is a reality. Of course, before you come to that point where you're a skilled enough trader to support your needs, you'll have to first work on studying market and coin movements as well as gathering much experience to follow it up. You can't be that good overnight so patience is also important

[Noore Najjar]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

Once you've chose which trading system fits you good ( e.g cryptocurrency ), the following steps of your venture will be essential. Whether trading on your own home home is your main interest, you must choose the thing that business sectors you will trade dependent upon your money and diversions.

[mai2mai]

there are many of people trading for living. including me, my job is altcoin and bitcoin trading everyday.
so it reality and I can survive until now.

I've been always wondering, what about stress? It must be really nervous to stay without any other income in spite of trading? Or you are not too sensitive?

[wantjokull]

I think you will do well in no time with how volatile the markets are =)

Exactly. This is the right way to this about this because the more volatile is the market the more greater is the profits that we can earn in the crypto world. There is simple fact that once we get the margin we can be sure about the money that we are putting as investment into bitcoin. The margin is what plays the game and it helps us assure the right entry point while making the trade. Thus, one we are in the right position to get out we can just sell the stuff at highest possible prices. Just take the example of bitcoin, it was around 2K this year start and it is now playing at 8K price. Tell me that it was not the greatest play ever we have seen n the crypto trading. We can easily live on that trade I guess.

[IgniHash]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

Trading in Cryptocurrency is very risky. Every Coin or token on the market very volatile. You need prepare yourself with good tools and mentality. But, if you was trading for 3 years, i think it's enough experience to start trading in crypto.

[oegarod]

Being a day trader need to be in close observation over the entire market. Need to find the right one for each day and needs to get the best profit. With day trading one needs to have good experience to tackle any sort of situation. Day trading is really profitable, when the user has the ability to make profit even when the difference in price is found to be much lower with time.

[bcmine]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

you traded 3 years, thats some experience. i think on regular basis you need 5 years experience to survive, better +7 years to make a living out of it.

[Aikidoka]

Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

If you already have enough experience in day trading at the classic stock market, I am sure you know what it takes. It is not a myth and can be achievable. But you need to live,eat and breathe the market with constant monitoring. Unlike other classic markets, crypto market is open 24X7, so you may have to look for trading opportunities whenever you get time. While the availability of the market gives you an wider opportunity to earn profit whenever you want, it also leaves you with an wider uncertainty of market crash.

I thoroughly agree with you. My uncle trades for a living. He does not have a job. He just trades (Not in the cryptocurrency tho), and he is rich. He just knows a lot about the market and has his manipulative tricks. I really consider this as a fascinating job to be honest.

Moreover, I think that you should have an actual job either to make much more money or in case trading did not go well with you.

[onrise]

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Hello guys! I was thinking about financial freedom and how to reach that. I was trading for 3 years in classic markets and now I moved to crypto. My plan is to day trade with 1000 usd without any additional income from any other job. What do you think should I try this or that's not a good idea?

Trading in Cryptocurrency is very risky. Every Coin or token on the market very volatile. You need prepare yourself with good tools and mentality. But, if you was trading for 3 years, i think it's enough experience to start trading in crypto.

Trading is not at all easy because it requires every second of your time into it to understand the economies, world news, technical about the moving prices etc which will help you all the combined knowledge to make the trade to buy at low and sell at high. But with practice and experience one can do make money and with volatility if goes right for you, money can be made easily .

[omonuyak]

I think this will depend on your professoinality and skills in trading. Since you have been "trading in classic market I think you will not have much problems in crypto market trading. It is very possible for you to make over  $700 per month from your $1,000 investment and you can relay on that  $700 for your up keep. Trading is a very risky venture and you should not go into it without adequate knowledge on how crypto currencies market work.

[anitaraymonds]

The two are not exactly same. But with your experience on trading you will easily catch up. You must get training and a lot of demo trading before you get involve with life crypto trading. Good luck.

[Kathan]

The two are not exactly same. But with your experience on trading you will easily catch up. You must get training and a lot of demo trading before you get involve with life crypto trading. Good luck.

Right, i guess demo trading is a really good thing to practice this market.
I made 23% profit in a demo trade today and i am very new to this..so with experience there should be a lot more to get on a daily basis

[TheGreatPython]

there are many of people trading for living. including me, my job is altcoin and bitcoin trading everyday.
so it reality and I can survive until now.

Yeah the bitcoin price and the value are now very high because I hope the bitcoin value and the price will give me the bitcoin investment. I am having the fun in the bitcoin but for this we will have to hold the bitcoin and make the money with the bitcoin so hold for the long time I am going to have high profit in the bitcoin and the amount of the bitcoin that is now high will give me the bright future.

[St4yInTh3D4rk]

there are many of people trading for living. including me, my job is altcoin and bitcoin trading everyday.
so it reality and I can survive until now.

Yeah the bitcoin price and the value are now very high because I hope the bitcoin value and the price will give me the bitcoin investment. I am having the fun in the bitcoin but for this we will have to hold the bitcoin and make the money with the bitcoin so hold for the long time I am going to have high profit in the bitcoin and the amount of the bitcoin that is now high will give me the bright future.

Day trading becomes an job due to the price increase of bitcoin and altcoin so we can make huge amount of money monthly through trading crypto currencies.But everyone cannot be a successful trader so you need to have trading skills.
So we can split our investment into two portions and use one for long term cold storage and use another portion for trading.

[KKaruchis]

I'm trying to do it, is not a myth is a reallity the problem is that I'm making no profit, no idea what I'm doing wrong.