Is the day trading profitable ?

[Shenzou]

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.

[maxreish]

But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

As you've said, you are well prepared. If you are ready and confident enough to enter trading, do not hesitate. As for your question if is is profitable?
From my experienced, yes.
There are some instances that you will lose but that's the part of crypto trading. When you know some strategies you can expect some profits. May I ask what kind of trading are you planning to do? Margin trading, swing trading or altcoin trading?

[armarsterling7]

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?

I don't guarantee whether you can make a profit in a day. Because your strategy is sometimes ineffective and you suffer losses. Besides, day trading is really tiring and you are very stressed out. Why don't we try to analyze the value of some tokens being developed and invest early on it?
When it is listed on exchange, we will sell for x3 or x5. I'm investing in that way now and it's quite suitable for me

[quality.crypto]

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

That is the best way to trade the coins without any stress because most of the people will invest high amounts into trading and after investing suddenly the price of a coin will drop and this makes them think negatively about themselves. Before investing we have to plan them perfectly and it should affect our family needs.

[semobo]

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?

the success is based on the strategy in day trading because if you don't have any good strategy to to make your trading profitable then it will not give you the hands in all the time that's why most of the people will not succeed in day trading but if you got the right opportunity to get involved in day trading then it will definitely be successful for you.

[emmybd]

If you are newbie in trading then day-trading wouldn't be suitable for you, as it is for experienced traders. I would recommend at first you go for longer period of trading when you gain sufficient experience then you can do day-trading.

[irsykes]

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?

Of course day trading is profitable. Any strategy will be profitable if you can manage it good. At first maybe learn how is day trading, long term trading and use what really fit for you. Because some people not fit with day trading even it is more promising.

[nur rochid]

day trading can be profitable if we have trading skills, psychological, and good experience, if we don't have it, or just rely on gambling, of course in the end we will lose, and I think it requires a process to learn

[asriloni]

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?

the success is based on the strategy in day trading because if you don't have any good strategy to to make your trading profitable then it will not give you the hands in all the time that's why most of the people will not succeed in day trading but if you got the right opportunity to get involved in day trading then it will definitely be successful for you.

you need a little correction about that, strategy that's indeed important but remember your buying point will become the main factor to determine how much you will get or taking the profit. Maybe people are putting all of their attention to the strategy but that doesn't look very important when you are doing a daily trade. When you can get at the dip and you have a big chance to get huge profit.
This is what I learned from my trade.

[LogitechMouse]

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?

All strategies in trading is profitable as long as you know what you are doing and you have the skills to do it.

Always take note that all professional traders came as newbies and they spend many time gathering information that can help then in trading so if you are a newbie, it will be better if you read books, watch videos and get a mentor that can help you to become a professional one.

[michellee]

How about you try to trade once a week, or you only buy low and sell high so you can minimize the losses that you might get. Day trading is very difficult for new people especially if they don't have enough skills to choose the right coins because now, the situations are a bit difficult and we need to analyze deeper related to the market. But if you believe that you can analyze with good and you have the skills to determine the market, then you can try to do day trading but still be careful.

[Capt00]

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?

Of course day trading is profitable. Any strategy will be profitable if you can manage it good. At first maybe learn how is day trading, long term trading and use what really fit for you. Because some people not fit with day trading even it is more promising.

The reality says that not all person is fit into a certain thing as we have an individual wants and goals in our life. We are different from each other and so we never expect that one of our kids will be like us in the future. The same thing will happen into trading, it only is profitable if we are capable of it and have working on it. 

[izanagi narukami]

Believe it or not, I've trade with bitcoin over 5 years and IMO , it was the best cryptocurrency I'm ever know.

When the time to purchase ?
When it decrease almost 50-75 % and you can try to hold it at least 6 months

[cryptocoinjohnny]

Day trading is arguably the riskiest way of trading. Day traders trade a lot, for marginal profits per trade. That's very aggressive. It means lots of transaction costs from spreads and charges for little returns at a time. It also implies you have a high risk of being stopped out of trades more times than say a swing trader, or a position trader. Evidently, you will need a lot of capital and guts to remain profitable as a day trader.  

Anyway, different personalities trade differently. Start with knowing your personality, then you'll have the right approach to trading crypto or anything floated in the markets.    

[dvdrewritable]

If you want to do day trading, you should keep in mind a lot of thinking about the market. Where every time the market is moving. It is a true idea that you will lose lots bt doing day trading If you have not much more idea about chart analysis. Only they can make good profit in day trading, who are must know market analysis, they will have to understand the chart, otherwise they will lose many.

[Stedsm]

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 views, trading is actually profitable while done long term. There were many examples I've been a part of. But even in this mid to long term strategy, you need to set your targets and even better, you need to know when to exit.

I'm giving you a very small list of channels/groups I follow over telegram:

@blockchainwhispersbaby
@tradingcryptocoachbackup

And last as well as the best one - @CryptonaticA

This guy actually won a championship held over Blockchain Whispers, got 1 BTC and you know how much did he make with his investment and signals alone except the winning amount? 1350% which means a 13.5x return in just 1 month.

[arpon11]

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 actually depends on the trading skills you have and how to use that trading skills to buy any assets pairs at the right time and also taking the advantage of little volatile and sell at the right time. DAY trading is highly profitable and to me it is far profitable than long-term or hedges trading, it is very risky no doubt than both the long-term and hedge but if you can become expert in trading and gotten enough knowledge on when to get in and get out you will become one of the richest traders.

[Om.monata]

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.

[A L I E N]

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 it were not profitable, people would not deal with it. Certainly, you have to be a real professional. As you are asking this question, you are not. Thus, better to not deal with it: making mistakes, you can lose much very fast.

[Vaculin]

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.