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yvesp110
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June 09, 2019, 11:16:45 AM |
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Day trading is very profitable but it is very risky to do so and very stressful because you are over watching the market price 24 hours a day just to monitor the price of the coins that you had. I think OP you are luck of knowledge to handle the day trading you must have deep research first before you go in the battle of trading. Trading is not an easy especially if you don't have experienced it might be a loss you fund.
True, the best in day trading is you can see the market price and you have a timing if when to sell. But if you want to have a good profit just have a best strategy when it comes in day trading, and its an easiest way to earn easily profit that it dont need to wait for a long time. Indeed its very profitable but very stressful when you miss the opportunity to sell because you holds too long, stressful because the price predictions are different from your expectations, prices don't go up after you buy. daytrading have big risk you need a lot of time allocation to analyze the market, monitor in all day, you have to be ready in mind and yourself in trade I do not think it is not profitable. You can make money by day trading your coins and that pays off for many people. If you day trade Bitcoin, you might make good money and if you trade Eth, you might still make some good money but I fear to say so about TRON or other altcoin because these rest of the coins are a bit too down. |
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tenstois
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Dream big Aim for the sky make it happen
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June 09, 2019, 03:02:53 PM |
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It is profitable as many says you need experience and knowledge if you want to practice download an emulator for trading or you can watch in youtube there is some tips but the best way is to read some blog or post in this forum, just invest small amount first then learn movement of coin or the flow of the chart, joining into the discussion channel or announcement of coin will help too as you will know if there is an event that will cause the coin to go up
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Only your mind gave you weakness
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EdenHazard
Legendary
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Activity: 2674
Merit: 1048
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June 09, 2019, 03:29:40 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Day trade and long term both are profitable if you do accurately. But want to say that day trading is riskier than long term trading. so you should be aware and more experienced on day trading so that you can make a profit and reduce your loss when you will be in loss. good luck There is no strategy who called as a safe strategy, day trading have a big risk if you don't know how to set management risk in every times you decide to buy and sell. Also, long term trading have a big risk when you use a land money or money that you need in the allotted time to choose this strategy, because as you may know the movement price cryptocurrencies is really mysterious. Maybe you often see a coin that meet increased price without any information comes but its price increased with the large amount but suddenly its price drop again even more than the original price and this will make us tempted to sell and divert our strategy. It will be good to set the target when we choose day trading or long term, so as we will know when we have to continoue and we have to stop and make the new strategy. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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June 09, 2019, 05:10:44 PM |
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It is profitable as many says you need experience and knowledge if you want to practice download an emulator for trading or you can watch in youtube there is some tips but the best way is to read some blog or post in this forum, just invest small amount first then learn movement of coin or the flow of the chart, joining into the discussion channel or announcement of coin will help too as you will know if there is an event that will cause the coin to go up
There is no concrete ways to learn the secrets of profitable crypto trading and every trader should create his own path. Learning from youtube can be enough for newbie traders in order to understand the simple price fluctuations but in long term it is not efficient. |
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redsun114
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June 11, 2019, 07:45:24 AM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Day trading is one of the most profitable things you can do in the cryptocurrency community to be able to earn a good amount of profit from your work, but there are risks involved in it, and if you don't know how to trade it you're going to keep on losing your money just like that. So you should first of all learn the trading and how it works and understand how to read the charts and know which position the market price is heading for. I have also seen people that claim that margin trading is the best, but that carries more risk than the normal trading,, but the bigger the risk the bigger the profit you are likely to make. |
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Babyrica0226
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June 11, 2019, 08:09:02 AM |
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It is indeed that day trading was really profitable, this is the heart of bitcoin and crypto why they survived for several years.
And this is the main reason also why some of the traders survived here too for a years including myself of also.
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Shinpako09
Legendary
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Activity: 1988
Merit: 1015
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June 11, 2019, 08:21:04 AM |
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Day trading or long term trading, no matter what you chose, they are both profitable as long as you know what to do. Day trading has an advantage of getting more profit because of swings. It requires a lot of work though so if you are a lazy person, long term trading will be the best one for you.
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sana54210
Legendary
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Activity: 3192
Merit: 1128
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June 11, 2019, 09:46:41 AM |
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in the first place anyway, do you think day trading is easy?
Do you think if you are a newbie here in this industry you can do it at once and
easily once you get enter in the exchange platform? If you know the answer to this
question of mine, then you will surely know the answer to your question.
He willabsolute be deceiving us and himself if he thinks he can do it that way. Trading is difficult from the inset and it takes lots of knowledge, practice and strategy to simplify it. It’s when we have worked towards those necessary requirements that we can start seeing trading as something that is fun to do. I started learning about trading when I was 15 years old and I dint start proper trading until I was 1 years and never even stopped learning during that 3 years interval. Although I was in School then, I just had it as passion to start trading as soon as I am no longer going to be dependent on my parents, so I started trading with demo and that is how I became so perfect in trading till date. |
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Vickyphred
Jr. Member
Offline
Activity: 72
Merit: 1
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June 11, 2019, 12:55:54 PM |
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Have lost everything because of trading
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[ CurioInvest ]: Bringing Collectables into the Digital World (https://curioinvest.com) [IEO LIVE] |
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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June 13, 2019, 09:50:22 AM |
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Day trading or long term trading, no matter what you chose, they are both profitable as long as you know what to do. Day trading has an advantage of getting more profit because of swings. It requires a lot of work though so if you are a lazy person, long term trading will be the best one for you.
Hahaha, you must be unserious about your statement, all these things has to do with passion and has nothing to do with laziness. It is not everyone you see that is into long-term trading that is lazy; some don’t even have time for all these trading stuff because they have other sources of income that is generating bigger money for them other than day trading. Day trading is basically for those who are trying to meet up with daily ends means, while long term trading is mostly practice by those who is looking for how to keep their money and in turn also multiply it. So what are you saying mate? That long term traders are lazy? Nah. |
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coingrowth
Member
Offline
Activity: 416
Merit: 21
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June 13, 2019, 10:33:49 AM |
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I think that trading for long term is better than the day trade in term of profitability.
Obviously, you'll make more money day trading if you do it for the long term, provided you are a successful day trader. That would make you rich honestly, although I like to achieve this as my goal, my action does not speak for it yet, I'm looking for improvement here. People who have a very good experience will always make some decent profit through day trading but with the small investment, it is impossible to make the profit. An experienced person will make some huge profit through trading, people who don't have experience will have the option to go for the long term. |
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xSkylarx
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June 13, 2019, 01:51:57 PM |
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Day trading is definitely profitable but don't expect a fixed profit from it on a daily basis. It requires great amount of time and you will just be sitting in front of your computer watching and analyzing the chart. Also expect a bad day where you're trades aren't good and must have a backup funds to recover your loss for the next day.
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bettercrypto
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June 13, 2019, 02:20:05 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Anything here in crypto space are worth working. Specially, if you have knowledge and skills. However, it is not all time you have to be so smart. Sometimes, perfect timing and right decision will lead you to success. Day trading is a profitable once you can adapt to the market movement. However, you will just lose once you go under the market without any experience or background. |
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Ranly123
Full Member
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Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
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June 13, 2019, 09:28:32 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Day trading is profitable if the market is on an uprise trend. I don't know if it's still profitable if the market is bearish. So I can say that timing on day trading will make profit and not just jumping on it. |
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Xalata
Member
Offline
Activity: 266
Merit: 10
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June 13, 2019, 10:23:38 PM |
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It is profitable and time consuming as well. You have to be always observing the market for any shoot up in price. You should also have a specific target at which you will sell your coin and bear in mind that you will not make huge profits.
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Vness10
Member
Offline
Activity: 372
Merit: 10
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June 13, 2019, 10:29:45 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
It's profitable as long you know to manage your asset it's important to know everything before you go to trading so you need to study the have more idea about trading. Find the coin that have good value and have future. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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June 13, 2019, 10:51:50 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Anything here in crypto space are worth working. Specially, if you have knowledge and skills. However, it is not all time you have to be so smart. Sometimes, perfect timing and right decision will lead you to success. Day trading is a profitable once you can adapt to the market movement. However, you will just lose once you go under the market without any experience or background. Even professional traders fail to manage a series of loss trades in bear market, bull market is the perfect for a day trading. It will become a grave for new and inexperienced trader to manage a buy orders during the downtrend, flow of red numbers. Profitability is directly linked to the ability,skills,knowledge, market experience of the trader. |
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Finestream
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June 13, 2019, 10:55:39 PM |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
It's profitable as long you know to manage your asset it's important to know everything before you go to trading so you need to study the have more idea about trading. Find the coin that have good value and have future. Right.Invest in coins that have high potentials and when you see a positive market condition,seize the moment to make day trade and if you know how to manage the risks,you will surely end up gaining good amount of profits.Day trading is more risky than long term holding so prepare yourself through engaging yourself in a serious study on the crypto market. |
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airdagon
Member
Offline
Activity: 546
Merit: 17
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June 14, 2019, 05:48:03 AM |
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As far as I know day traders are more profitable, because we can also monitor profits and if the market is not according to what we predict, we can also minimize losses with cut loss
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Botnake
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June 14, 2019, 06:19:35 AM |
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As far as I know day traders are more profitable, because we can also monitor profits and if the market is not according to what we predict, we can also minimize losses with cut loss
They are actually because market is volatile and that makes them profitable, if you are an effective trader, you can maximize your income as a day trader as the market never sleeps, how I wish I would become successful on day trading, but my time has not come yet, so I'll remain patient and will keep learning. |
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