Is the day trading profitable ?

[vixcious]

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 very difficult for newbies. It is not a great choice. Technical analysis is not correct at the moment. In the crypto market, you need more attention to fomo. Look forward to good news from reputable CEOs, then buy coins at low prices and sell at higher prices.
It is the easiest and best strategy for newbies.

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[AntoCokbun]

Of course it can be profitable, whether it's day trading or long-term trading if we do it well and are full of careful consideration then you will benefit. But if you plan to trade in the day you must be ready to use each pump and dump it on each coin.

[Barbut]

Of course it can be profitable, whether it's day trading or long-term trading if we do it well and are full of careful consideration then you will benefit. But if you plan to trade in the day you must be ready to use each pump and dump it on each coin.

You mean if you choose good coins for longterm investments, as choosing a good coins for daily trading. Not every coin have potential to worth more in the future, like not every coin fluctuate enough on daily basis to be able to make some profit.
What is better is hard to say, each of us have different set of skills. I`m longterm trader, after I lost a nice amount of money in daily trading, and when I tried longterm and made a lot of profit, I found out what is better for me. People should try both and find what is more suitable for them and what is profitable for them and their skills.

[OrangeSeller]

Tools are there for you and it's definitely profitable but lossing is more likely for amateurs, just look at the votaility on BTC and the even higher alts,  combine with more margins and futures, you can definitely make BTCs in days but I figured not much individuals can do it alone and some degree of luck is involved

I think day trading is pretty profitable because I have been listening to stories about day trading Bitcoin and people have been making pretty good money. You can make pretty good money by day trading your coins. If you have Bitcoins, you should at least HODL them till the market is a bit more high and only then you might be able to make money which will be more than what you might make in day trading.

[The Cryptovator]

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?

Everyone have different opinions about day trading. Since you are new on crypto-currency trading you have to learn more and I think day trading will be difficult for you. You should know most important thing, "you can't gain always on trading even on day trading". You should have enough patience for trading. I think middle term like week or two week trading would be profitable for you. So you could acquire few more knowledge about trading. Then you can take risk for day trading as well. Obviously you should do your own diligence before trade any coins.

[iMark]

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

[snowblack]

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 depend on you, bro. With newbie, i suggest buy top 10 coin in coin market cap and hold for a long time. Or if you want to learn trading, let start with small amount first. Cheers !

[davinchi]

No longer, days for day trading have started to weaken. Unlike before, the volume and coin options are limited to that, but nowadays, more and more coins are added by decreasing trading volume making day trading very unprofitable. Even most people will take a risk for loss instead of being patient.

So happy I have one mate to agree that the number of coins we have in the market has really decreased the concentration of trade volume on any particular coin we wish to trade. If not for the too many coins we have, I am sure coins like Bitcoin, ethereum and lots of coins in the top 20 would have had more than the trade volume they have now and also have more than the value they have presently.

investors whom we have always advise to diversify will also no longer pic a particular coins to concentrate an invest in, but would rather share their investment within 3  or 4 other investment, and thereby limiting their volume increase.

[cryptoknightt]

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 depend on you, bro. With newbie, i suggest buy top 10 coin in coin market cap and hold for a long time. Or if you want to learn trading, let start with small amount first. Cheers !

It is true that trading depends on how you do it because of something you do when trading will give you financial fortune, traders must be able to patiently control their emotions and not be easy to panic.

[Finestream]

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 depend on you, bro. With newbie, i suggest buy top 10 coin in coin market cap and hold for a long time. Or if you want to learn trading, let start with small amount first. Cheers !

It is true that trading depends on how you do it because of something you do when trading will give you financial fortune, traders must be able to patiently control their emotions and not be easy to panic.

I agree.Learn to trade for profits and not with emotional satisfaction.Of course once you day trade,make sure you are knowledgeable enough not just on the coins you are trading but also to the crypto market because its price might suddenly go sideways without any notice so atleast you are able to make a back up on it.

[Danslip]

No longer, days for day trading have started to weaken. Unlike before, the volume and coin options are limited to that, but nowadays, more and more coins are added by decreasing trading volume making day trading very unprofitable. Even most people will take a risk for loss instead of being patient.

So happy I have one mate to agree that the number of coins we have in the market has really decreased the concentration of trade volume on any particular coin we wish to trade. If not for the too many coins we have, I am sure coins like Bitcoin, ethereum and lots of coins in the top 20 would have had more than the trade volume they have now and also have more than the value they have presently.

investors whom we have always advise to diversify will also no longer pic a particular coins to concentrate an invest in, but would rather share their investment within 3  or 4 other investment, and thereby limiting their volume increase.

The limited number of the altcoins makes it easy to find the potential gem coins IMHO.AFAIK there are more than 2000 alternative cryptocurrencies in the market but I can only 30 max 40 desirable coins for investing. Day trading between altcoins can be profitable in the bull market but the trader will give back that profits to the bear market in the next market cycle.

[ricardobs]

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

I think it depends on person to person and also on the kind of coin you have been trying to day trade. It is profitable for many people I think because had it not been profitable, these guys out there would not have been trading on daily basis. So I think it is worth outing in your money for.

But long term HODL in Bitcoin and ETH is also something that could be worth enjoying.  So I think it is worth outing in your money for. But long term HODL in Bitcoin and ETH is also something that could be worth enjoying.

[Questat]

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 if you are good on it, there are a lot of profitable day traders but there are also a lot of losers in day trading.
You dictate your own destiny here, just study it carefully, you don't need to be aggressive, slowly but surely and allow yourself to grow in trading until you fully become an expert. Day trading is a high risk way of trading, but this also gives a lot of opportunity to earn as the market is so volatile, with skills you can enjoy day trading.

[darasinmi4show]

You might have been ready for a day or daily trading but the most important part of it is that is the price of the token or that coin that day  will be profitable. If you are into day trade have it at the back of your mind that not all days will be a favourable market.

[prtty2gal2]

Long term investing is more profitable and less time consuming. Day trading has its fanatics but most people fail at it. You really won't find many rich day traders. It's a good way to start off when you're trading small and when people build a portfolio they usually leave day trading and switch to swing trading,

Who would risk heavy investment in day trading when there is no guarantee that the day will come with its increase. Many people you see day trading are just looking for additional top up that they can use to meet some of their minor expenses, but real investment are usually for long term trading, and even in talking of long term trading, I simply just hold the coin by buying at dip without any form of leverage, and then sell at high anytime I feel I am satisfied with the increase.

With long-term trade, you will have more chance to study all the necessary analysis that is required to decide when to exit the trade in the long run.

[joshy23]

You might have been ready for a day or daily trading but the most important part of it is that is the price of the token or that coin that day  will be profitable. If you are into day trade have it at the back of your mind that not all days will be a favourable market.

You should always a back up plans, not everyday will be profitable so having a stop and loss pin point will give you some good position in case
things will not favors your daily trade, you need to set your goals and think of every potentials and the reverse part if in case some unexpected
things happen along the way.

[shoreno]

Yes it is . its profitable to some that have the guts and knowledge to do it but its not profitable to some that are scared and confuse about day trading  .  even the normal trading is also hard for a common individual , how much more if its day trading and if the market is in bad shape ? Better if they will only do less riskier things such as investing , investing isnt also hard as trading because what you only need to do is to hodl and wait for the price to rise .

[shinratensei_]

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

Im still doing a daily trade and so far i never got any problem with it. You should dedicate a lot of your time when you have decided to become a daily trader. Not only short term trade but that situation can be applied for any kind of trade. That becomes your responsibility to take the best time and rate to buy in and when you are taking the wrong position and you will be ended in a loss.

[CAPT.DEADPOOL]

It's hard to trade especially when you do not know trading and especially if you're a newbie but you can even trade if you are reading books about trading if you want to trade only better when you're at the same time traders who are great to be able to keep up with their rewards.

[Hypnosis00]

Yes it is . its profitable to some that have the guts and knowledge to do it but its not profitable to some that are scared and confuse about day trading  .  even the normal trading is also hard for a common individual , how much more if its day trading and if the market is in bad shape ? Better if they will only do less riskier things such as investing , investing isnt also hard as trading because what you only need to do is to hodl and wait for the price to rise .

Trading isn't the thing you should have to experience as I see that you'll never have such interest in your mind.  Trading is only be profitable to those who are smart enough and making trading away of life.  We are not all entitled for this that is why many person tried to become a trade but they'll quitting in awhile.