Is the day trading profitable ?

[jostorres]

There are people who will say that it not profitable because it doesn’t profit them. I don’t really take what people has to say, if I want to do something I just go ahead and do it by myself and know whether it will be profitable or not, cause what might seem profitable to you might not be the same for other people. But, don’t just go into trading if you have not read about it or studied the major facts that are going to be of help in it.

Before you start trading cryptocurrency you will have to learn it and understand how it works, then you can decide to try it and know whether it’s going to work for you or not. If I want to do anything, I go ahead and do it myself and when it is not working for me, then I quit from it and start looking for something else. There are things that would work out for you but you might end up missing it due to what people has to say about it.

So my advice is that you try it out yourself and maybe do it for like three months and know whether it will work for you or not. There are lots of people that are making money through trading ,whether during the bull run or the bear market, they are always trading and making profit. So if you can learn and be like these people, then nothing can stop. But, if you try and it seems not to be working for you then you have no other option than to just give up on it and look for something else.

[Bob Smith]

Profit comes to those, who have knowledge. Trading is not profitable based on what time you trade for, but rather, how you trade. Similarly, day trading will also be profitable if you have a good trading plan and are done with the education and research part. Profit comes to those who have knowledge on analysis, on markets, on country. Education will never stops. If you have good trading plan with sound risk management, it won’t bite much.

[princerepon]

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?

In my opinion there is not much different between day tradings and other kinda trading which are you talking about. People do trade their own interest. No matter which way you like or choose you have to face two things loss and profit. I do not prefer you for day trades because it's too much risky and you are newbie it'll take times too understand it. Just trade randomly take time before you go for big fish and learn everyday from your wrong and right steps.

[Al-e_x]

In my opinion so far, daily trading is more profitable and safer than weekly or monthly trading, because we can take profits quickly and cut losses if price movements do not match what we want.

[hahay]

About trading it will at least be profitable if you really have the skills and experience about trading itself. So, it doesn't matter what you choose in trading because even though you say day trading will be profitable but you don't have the good skills to do it, then what you do in the end will only waste time.

[Wonder_woman]

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 as long as you are willing to monitor in your all day long you can earn or profit a big amount. Some people l know in here become millionaires quickly because of trading. Even its too hard now to have profit because of low volatility. I experience also daytrading really gives profit in every trade.

[LimLims]

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 as long as you are willing to monitor in your all day long you can earn or profit a big amount. Some people l know in here become millionaires quickly because of trading. Even its too hard now to have profit because of low volatility. I experience also daytrading really gives profit in every trade.

People really became millionaire by day trading?
I really need some reference links and want to know about there successfully tragedy.
According to me they really would have taken high risks for which they got huge profit.
Nevertheless lets wait for the best, and i hope someday my day trading will also make me somehow rich.

[Julien_Olynpic]

Intraday trading is much more complicated than other types of trading. This requires a lot of preparation and good risk management. In such trading, you should definitely use stop loss. But stop loss brings its risks. You can be knocked out in the foot, after which the price can go in any direction.

[Mehr Sher]

Every style can be profitable according to the approach we take for it. If our approach is not on the mark, it could create noticeable problem for us. So the first aim should be towards getting the way right, after that we can add on with any style we have desired for to trade with. I like all types from day trading to scalping to long term. I also prefer all types of trading, especially Crypto Trading, which is just so very beneficial.

[Bunsomjelican]

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

[breathlessz]

for me it is very profitable daily trading. with high fluctuations, we can use it to make a profit. but it is not easy to trade daily, because we need to learn techniques and psychology. Daily trading has a high risk, with fluctuations that occur, if we make a wrong move, we receive a large loss. therefore learn first, before real trading

[Pamadar]

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

[muhhentuhhen]

Profit comes to those, who have knowledge. Trading is not profitable based on what time you trade for, but rather, how you trade. Similarly, day trading will also be profitable if you have a good trading plan and are done with the education and research part. Profit comes to those who have knowledge on analysis, on markets, on country. Education will never stops. If you have good trading plan with sound risk management, it won’t bite much.

So, if the guy asks this question, it means that he is not yet an experienced crypto trader. I suppose that he must not deal with the day trading now, but spend some more time to learn all about its pros and cons. Doing it, he will come to the conclusions without anybody's help and start earning good money. 
For skilled people, day trading can be really a very beneficial business.

[Cherylstar86]

Intraday trading is much more complicated than other types of trading. This requires a lot of preparation and good risk management. In such trading, you should definitely use stop loss. But stop loss brings its risks. You can be knocked out in the foot, after which the price can go in any direction.

To make secure of day trading we should pick those fast moving coins that's efficient for day trading. Avoid any circumstances that put you into potential loss. Trading is somehow unpredictable, but with day trading profit always depends on how you deal with it specially the risk behind. You can expect huge profit during bearish trend, so it's a case to case basis.

[EdenHazard]

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

Yes the more you practicing to trade , the more you'll know to take care every situation , reading the market trend fundamentally and technically.
With daily trade and a good bankroll management in it , there's no way you'll receive a huge loss or a streak loss often , just set a short term profit percentage and a long term like weekly/ bi-weekly profit percentage... stock to all of them , discipline is the key!

That's how I'm doing my day trading , so far so good better than working at dunkin donuts .

[PuertoLibre]

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

Yes the more you practicing to trade , the more you'll know to take care every situation , reading the market trend fundamentally and technically.
With daily trade and a good bankroll management in it , there's no way you'll receive a huge loss or a streak loss often , just set a short term profit percentage and a long term like weekly/ bi-weekly profit percentage... stock to all of them , discipline is the key!

That's how I'm doing my day trading , so far so good better than working at dunkin donuts .

Day trading adventures are worth to spend time analyzing the market trend both fundamentally and technically. Fundamental analysis is required to find the main exit for the current trend which can turn to the bear/bull reversal pattern. The long term trading has some disadvantages that can not be discovered in the short term day trading.
More practice will polish the trading experience and dropdown will tend to decrease with given timeframes. I don't want to risk investment with small market movements, joining long term trend with solid money management is more than enough in my case.

[nydiacaskey01]

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

[stadus]

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

Definitely they would say it's profitable because the you have more opportunity to trade due to market volatility but it doesn't matter everyone will be profitable, it is still depends on the skills in trading, if you have skills, you will likely become profitable.

People has to understand that day trading and long term trading both have risk, but comparing the two in terms of profitability, day trading is of course more profitable since you can maximize your income if you have the skills.

[TheUltraElite]

Day trading may be profitable likely maximum profit few hours or minutes market when an uptrend, day trading basically profit instantly so that people are like day trade main benefit wait for few time profit huge.

That doubt about profitability is always there. It becomes more of a gamble when you day trade. Moving to holding those coins because they dropped from your buying point, is one of the things that day traders hate to do but it happens often because of listening to other people's opinion and not using your own knowledge. I know there are a lot of scammers in this space, who promote a certain coin to make people day trade on it but they are actually just shilling it.

If you manage to make money from that, then more power to you. But for those who are more watchful long term holding and buying back with selling is what is better.

[TheUltraElite]

Yes, every trader will not able to do day trading because they don't have good experience of trading.

Being experienced in trading and being able to day trade are two different things. The second person is more advanced user who prefers to rely a lot on fundamentals and probably does trading for a living, while the first person is a general public who trades in crypto for some time now.

Not on the base of fast-moving, but also we need to concentrate on technical skills about the market upward trend and downward trend. An experienced person will manage to recover his loss through day trading.

Its not just about knowing a trend or recognizing it. Its sometimes about proper predictions before that trend happens. Once the trend has set in you dont have much choice but to wait and watch, but if you catch a wave before it hits then you make a big profit. Also if you come from stock market trading then the day traders, at least some of them gave insider info which gives them a better edge. Again the ability to pump the market and dump it by coordinated groups also if important here.