Is the day trading profitable ?

[Jagobd]

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?

[xvids]

It is profitable as long as you know how to do it properly ,
If you don't know a thing yet it is better to use a simulator first to know what strategy would be good for you.

[palle11]

It is very profitable like any other trading pattern like scalping and swinging, they all depend on what you want and your strategy on how to get it. One thing about day trading and also scalping is that you are likely to be making profit everyday or losing everyday too 

use a simulator first to know what strategy would be good for you.

Do you mean demo practicing by simulator?

[kidoseagle0312]

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?

Yes it is really profitable, and besides lot of traders here got their profit from day trade dude.
Though, day trade was proven and tested to give earnings to anyone here but can also wreck our coins in the
end if We don't know the proper procedure of doing it. In short in applying day trade, we must full of idea and knowledgeable
about it.

[Gridness]

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?

for daily trading I think you have to learn what analytical techniques to use because it will determine what percentage of profits you want to achieve

[mk4]

Is the day trading profitable ?

.. is like asking:

is running a business profitable?

is being a developer/doctor/engineer worth it?

is it profitable to be an author sell books?

Answers: it depends. If you're good at it, then sure. If you're not, then no. Unless you're willing to learn. Take note that trading is not easy, but can definitely rack you up with good amounts of money if you get really good at it. Unfortunately, it looks like only a small percentage of new traders actually end up successful, due to the simple fact that people mostly quit early.

[Findingnemo]

Is it profitabe?

Yes it is the most profitable kind of trading but not everyone can make that most profits from day trading,and for beginner it is not recommended as well.

First try to get into trading then you can try for the most profitable one.

[bitbunnny]

It's profitable but it's one of the most risky ways of trading so it's not for everyone. Don't get into it if you don't have previous experiences with trading and good knowledge about the market and how it's functioning. Those who are skilled could make nice and decent profit but for beginners it might bring serious troubles.

[jems]

The benefits will come if you do everything right. Whether it is long-term or daily if you can find every moment that is right then the benefits will come to you so that's where you need more experience and research.

[leowonderful]

Trading as a whole isn't profitable for the majority of people simply because many people lack the correct risk management strategies or mentality to make money over an extended period of time. Daytrading certainly is profitable if you're willing to put time and energy into it, and you try to put aside your greed as much as possible.

Additionally, as a beginner, you should not be putting large amounts of money into trading. You don't know what you're doing at first, and trading with a small amount of money that you can absolutely afford to lose is one of the best ways to go.

[Gaff]

The benefits will come if you do everything right. Whether it is long-term or daily if you can find every moment that is right then the benefits will come to you so that's where you need more experience and research.

Possibly you'll get good ideas when you do some research or any other ways to gather knowledge on how to acquire better trading strategies. But somehow you need also to consider some factors that's isn't good for day trading, because most of the time each coins which is actively traded dumped at very cheaper value once it was played by some traders. Maybe you'll earned profit at fist but I don't think so that in longer terms you could earn bigger profit. There were certain scenario which cannot be prevented, panic seller also is a bigger factor that makes the price fall in worst value.

[blackhawkeye1912]

Day trading is more profitable than passive investment. But, expect as a newbie there will be losses. Remember the lawnof average. It's okay to have small profit and small losses, but be sure to have times of higher profit. Especially now that the price fluctuates nicely with an average of positive slope.

[cryptoknightt]

Day trading is more profitable than passive investment. But, expect as a newbie there will be losses. Remember the lawnof average. It's okay to have small profit and small losses, but be sure to have times of higher profit. Especially now that the price fluctuates nicely with an average of positive slope.

the advantages gained when trading daily can be a lot when there is good news on the coins you are trading or the trend is going up, but if the market conditions are quiet and there is no good news that can trigger coin price movements your daily trading becomes worthless.

[harizen]

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 activity will not be existed by now if it's not profitable in the end.

Every trading ways can be profitable. It's just that, the result and output will depend on how well a trader will manage it along the way. In other words, it's on your own hands how will you make it profitable for you.

Do you already do your homework prior to putting yourself in the actual scene? Gaining basic knowledge is necessary.

[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?

Day trading activity will not be existed by now if it's not profitable in the end.

Every trading ways can be profitable. It's just that, the result and output will depend on how well a trader will manage it along the way. In other words, it's on your own hands how will you make it profitable for you.

Do you already do your homework prior to putting yourself in the actual scene? Gaining basic knowledge is necessary.

Right.Day trading will surely become a profitable one depending on how you do it with your own self.It might be risky but if you think you have gained all the basic knowledge and developed your own strategies and skills,then there's no way that you won't be profitable in day trading.

[Psynthax]

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?

Yes, it is, i trade a medium altcoin and i can get up to 0.03 btc in my daily trade and i used only a little amount of bitcoin. I just try to take the bounce trade as my chance. As long as you are doing it so well and that will be very profitable.
Buy when it goes to the red zone and then just put a rational sell order. that's what im doing right now.

[nydiacaskey01]

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?

Profitable if you know which coin or token to buy, if you know when to buy and when to sell. Also, in day trading you need a lot of time to spend monitoring the price of your investment. Key to day trading is you need to stick to your plan and dont aim to gain big profits in day trading. 2% per trade is enough to hit the sell button and move on to another coin.

[rodel caling]

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?

Ofcourse day trading is profitable to earn profits in crypto currency, I advice with you if ready for the day traders ng makes sure you had a lot quality tine to do that job.
Day trading isn't an joke job it's a serous job to get earn profits aside from quality time to monitor and learn the market cap moving make sure you have an skills and knowledge about day trading job. Good luck hope for your success.

[jhongzjhong]

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.

[akuser]

I trade in latoken with small capital. the coins that I hold are Fuel and Cryp so far I have successfully carried out daily trading. despite the small profits but it's exciting