Is the day trading profitable ?

[ricardobs]

daily trading depends on what coins you want to choose for trading, because right now if you choose coins that have great potential I feel to grow and get profits on a daily basis will be realized and that is not difficult.

Yes. Day trading is more risky compared to long term trading because you have to monitor closely the market so you will be aware on the price movement of the coins you had invested. It's best to trade with bitcoins and ethereum because they are both potential coins and their prices will surely grow in time.

Yes that is right. Day trading is profitable that is the reason so many people are in the day trading and they make pretty good money. And in fact quick money. However, for long term success in crypto and if you are looking for huge money in crypto, long term trading often is more preferred over short term or day trading. It depends on you which to choose.

[Tungsten-1]

daily trading depends on what coins you want to choose for trading, because right now if you choose coins that have great potential I feel to grow and get profits on a daily basis will be realized and that is not difficult.

Yes. Day trading is more risky compared to long term trading because you have to monitor closely the market so you will be aware on the price movement of the coins you had invested. It's best to trade with bitcoins and ethereum because they are both potential coins and their prices will surely grow in time.

there is indeed a risk of long-term or short-term trading, but I see if more short-term trading can get a faster profit. so this is a possible thing we should look at about short-term trading profits.

The final profits are almost equal to for the same coins when keeps for long term on one side and short term on another side in a specific time interval. After HODL when you cash out the coins either on BTM or any other exchange the profit with be almost the same as that resulted from day trading. Don’t put yourself on much stress because there is stress and pressure in day trade so you should pick long term plan.

[ginobitcoiner]

of course this is still very profitable for many people who dare to take risks, because daily trading is very risky, especially with high volatility in the last few.

[Cosbycoin]

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?

If you feel like you want to be a day trader then you should be ready to put your whole focus on it, cause it requires a lot of focus and most of the people I know that are into day trading usually don't have a day job doing except day trading. And before you go about quitting your job because of day trading you should be very sure that you have learnt everything that has to do with it and how it works so that you don't just end up being a loser, cause in day trading you're risking your money everyday and anything can happen to you at anytime, either loss or profit.

[viananda2525]

of course this is still very profitable for many people who dare to take risks, because daily trading is very risky, especially with high volatility in the last few.

beside to take the risk , we have to compete our self with trading skill.so we will understand which coins we have to buy and in which price we have to enter.if we have this skill we will able to minimize our risk.

[akram143]

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?

if a person sacrifice something to make the money in his life will definitely suitable for that day trading opportunity otherwise no one will take the chances in day trading to put their life into difficulties that's why it will not suitable for lots of people.

[Danumsigwasan]

It is profitable but only if we are doing it in a proper way. As in fact, every method is good and profitable as long as it’s done in proper and logical way. I do it all smoothly under FreshForex thanks to their mighty offerings from low spreads to high leverage and there is even 101% Tradable Deposit Bonus, it’s truly fascinating in every way.

[ethereumhunter]

of course this is still very profitable for many people who dare to take risks, because daily trading is very risky, especially with high volatility in the last few.

beside to take the risk , we have to compete our self with trading skill.so we will understand which coins we have to buy and in which price we have to enter.if we have this skill we will able to minimize our risk.

The things that we need to prevent is greediness because this will make us cannot take the profit and still want more profit. Day trading will be helpful if we can know how much profit we want to take in a day so we can know when the profit is reached, we need to stop no matter if the price still giving a chance to us to trade. The other things that we need to prevent are don't try to trade if the price is moving so fast because if we don't have good skills, we can get stuck in the high price.

[shannelcoin]

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 will be profitable if you know the strategy and you know how to manage it properly because day trading is not as you think some of traders are messing up even they are old to this trading. It's really its up to ourselves to how the strategy we will do in day trading to make a profit. We need a lot of study and learnings before we got a perfect strategy.

[playboy654]

It is profitable but only if we are doing it in a proper way. As in fact, every method is good and profitable as long as it’s done in proper and logical way. I do it all smoothly under FreshForex thanks to their mighty offerings from low spreads to high leverage and there is even 101% Tradable Deposit Bonus, it’s truly fascinating in every way.

IMO day trading is one but for sure it is the most profitable way of trading.

Analysis may give an idea but nothing is going to give cent percent assurance for profits.

[Fundalini]

It depends on your strategy and how you control your emotions. Most of the trader lose  money because of emotions and sentimentality. To be a good day trader, you trade objectively and do not over-trade (trading fees would goble up your money).

[Babyrica0226]

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 really profitable, and it is very effective whether you are using it for Forex and Bitcoin/crypto trading.
But you should full of knowledge and well verse on this things anyway. Because it maybe profitable but can also put your
capital in danger if you will be neglectful were it can lead you into a situation to be wreck as well.

[JPSelzer]

Of course it is profitable. I use day trading and I can say with confidence that it brings profit. The main thing is to organize your time.

[CryptoToxicAvenger]

A lot of traders earn through day trading, so we cant say that it is not profitable. It seems to me that this is one of the easiest strategies.

[cryptocoinjohnny]

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?

Since you seem to be a starter i suggest that you stay away from day trading for now, not that it is not profitable and you can't make good money from it but it really requires a lot of market knowledge and a lot of analysis and making the right choice at the right time, you should start at just regular trading and probably try to trade bitcoin since its probably the easiest and after a while when you think that you have a basic knowledge and you made successful trades multiple time than you can expand to other ways of trading including day trading.

Best advice on this so far. Start small and simple, incrementally taking marginal risk at a time. 

[Ridwan Fauzi]

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?

If your intend to being a profesional trader who can do day trading with profit consistent then you have to get rid of something that you might thing is not important. Because in the trading field you have to understand many ways but if you don't you will confuse when you find a market situation than you never seen before. It will be good if you learn all trading science even trading forex science it will be good sometimes. So as you will have a ton of theory and you will calm when you find any market situation.

[rez303]

A lot of traders earn through day trading, so we cant say that it is not profitable. It seems to me that this is one of the easiest strategies.

I don't think it's as easy as you think. Getting money from someone else's bag to your pocket is a problem and it requires a lot of analysis and thinking. Trading in a day often brings a lot of fatigue and you can even be stressed.
Therefore, I do not support trading every day. Please buy low and sell high, but only in potential altcoins. Don't force yourself to work all the time and sometimes the market doesn't look like what you expected.

[wahyu wida]

for beginners I suggest placing the main fund on a long-term investment. and use a small portion of your funds for daily trading. Daily trading has a greater risk, but if we have skills, it will be profitable

[SirLancelot]

It is profitable, if it wasn't profitable you wouldn't see anyone wasting their time with it. But that doesn't mean that there are no people who are losing as well, cause there are lots of people who lose every day, and only a few are making profit from the loss that are made by others. Some people are making loss but they still can't quit, cause they feel they will get good at it one day. My advise is that if you're already into day trading and you are not what you expected, then you should take a break. If you feel like you're meant to be part of it, then you should study and understand how it works.

[Noilee]

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.