Is the day trading profitable ?

[iv4n]

When ever you use "trading" in your sentence, that means you are selling and buying something on the market. Of course it can be profitable, and of course you can lose your money if you have bad timing and you get into bad trades.
Trading can be short, mid and long term, will it be profitable depends from many factors. After bitcoin rise this year, I believe that we are waiting alt season to start, it`s where you have to look for short and mid term trades, bitcoin can be short sometimes, long its when ever you get in.

[blackhawkeye1912]

Day trading is more profitable than long term investment or holding coins. However, special skills and strategies should be applied to assure of profit rather than loss. There is a lot of available guides and articles to help starters of how to do day trading.

[bitcoinisbest]

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.

For any new comer it would be difficult but once you get set in and have some experience then you can make small money daily if not big. Also risk involved is high so one should always be playing with little capital or some excessive capital as market may turn around and you might end up losing money.

[sujonali1819]

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 trade and long term both are profitable if you do accurately. But want to say that day trading is riskier than long term trading. so you should be aware and more experienced on day trading so that you can make a profit and reduce your loss when you will be in loss. good luck

[posi]

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 .

Honestly, guts and knowledge don't count anymore in day trading because there are enough trading tools (bot, price app etc) which both inexperience and experienced traders use this days rather than spending too much time on analysis. But, what determine how profitable day trading will be is the capital cause huge capital comes huge profit.

[syaripudin]

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.

beginners may experience difficulties and need a lot of processes to get daily profits, but maybe that doesn't apply if beginners choose potential coins such as ethereum and bitcoin for trading. it's the easiest coin to trade and can be done by anyone.

lack of knowledge is a major obstacle for beginners to be able to benefit by doing daily trading. but if they are accustomed to doing so then the experience will be the main teacher for them, eventually they will certainly be able to understand market price movements

[futureofeth]

Day trading is not an easy job to make money but for that, we need to have experience in trading. A day trader needs to be very active according to the situation of the market and some time it is impossible to make profits in a timely manner.

[guoyu78]

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.

Day trading is not that much of a risky venture provided you are not greedy type and will take profit when necessary and we also have all the trading tools that is right available to a trader which they can use to be able to enter trade at the right time and exit trade at the right time.

The problem with most day traders and why the loose their investment is because they are comparing the profit increase in day trading to that of short/long term trade. When they therefore see the little increase, they fail to take it and eventually loose the trade. Provided we are fast in getting in and out of trade without adding greed to it, then day trading will be much more interesting to us.

[airdagon]

In my opinion day trading is more profitable, because we can take advantage of what we can quickly, and reduce losses when the market is not in accordance with our predictions

[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

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.

That's the risk of a daily trader, they must be ready to sit in front your computer in all day so you can find opportunities to get a lot of profits. moreover there are lots of coins in the market, there are many ways for you to earn profit, while you have the skills you will gain in trading

[gwdf1]

Day trading is more profitable than long term investment or holding coins. However, special skills and strategies should be applied to assure of profit rather than loss. There is a lot of available guides and articles to help starters of how to do day trading.

An experienced guy can deal with day trading and rise a lot of money with the help of this activity. If a newbie tries it, I bet he will fail. Start with long-term investments and get more experience to make day trading.

[AjithBtc]

Day trading is more profitable than long term investment or holding coins. However, special skills and strategies should be applied to assure of profit rather than loss. There is a lot of available guides and articles to help starters of how to do day trading.

An experienced guy can deal with day trading and rise a lot of money with the help of this activity. If a newbie tries it, I bet he will fail. Start with long-term investments and get more experience to make day trading.

Agreed, everyone can't have the same level of experience in trading. It requires lot of understanding about the market and about the volatility of different cryptocurrencies that are available for trading. Every time the predictions we make won't get coincidence with the real market. As suggested, just invest for long term profiting and parallel to that learn to keep track of the market changes happening with different cryptocurrencies. This will let you experiment in trading and learn good in the long run.

[dat.ho12492]

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.

beginners may experience difficulties and need a lot of processes to get daily profits, but maybe that doesn't apply if beginners choose potential coins such as ethereum and bitcoin for trading. it's the easiest coin to trade and can be done by anyone.

lack of knowledge is a major obstacle for beginners to be able to benefit by doing daily trading. but if they are accustomed to doing so then the experience will be the main teacher for them, eventually they will certainly be able to understand market price movements

Even for people who have a very long daily trading history with the crypto market, they are also unlikely to benefit from trading every day, so new people who lack knowledge and failure are a normal thing because trading daily is too difficult and risky, very few people can profit every day, most of them fail. And with such risks, I think anyone who chooses this method, they should combine with short-term trading, can not rely on only one method to succeed, more options will add tools to solve problems and limit risks

[Dontme]

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 depends on the crypto you wanted to trade because some crypto are for hodl which is profitable in the long run and some crypto are good for day trading. Profitability depends on your strategy in trading.

[bitgolden]

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.

You feel everyone you see on that system looking at chart everyday are really finding it funny with their trade, you better don’t judge the book by its look, I wish I could pull out a post on this forum where the writer said he is a full time trader and yet not making profit. So how come a full time trader is not making profit.

There are some people that are just their on the trade monitoring indicators without knowing when to place order or sell, and when they eventually take a step, they miss and they keep repeating this believing that one day they will get it right, but that is for those that have patience, but me, I will prefer to hold coins for long term investment to trading.

[ajqjjj]

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 depends on the crypto you wanted to trade because some crypto are for hodl which is profitable in the long run and some crypto are good for day trading. Profitability depends on your strategy in trading.

No one is predict the long term investment for crypto trading. Because everyone expecting the quick profit so obviously day trading is the right destination and some peoples are investing the USDT or stable platform because they are all billionaire so they are all invest and holding. But reality everyone expecting the standard profit for every day so holding is not good deal.

[Tungsten-1]

Day trading is not an easy job to make money but for that, we need to have experience in trading. A day trader needs to be very active according to the situation of the market and some time it is impossible to make profits in a timely manner.

Yes day trading is not an easy job and making money by trading your coins is yet more difficult but it is profitable for sure. But there is this bullish market for some time now which has made it a bit easier to make money by day trading your coins and in fact make quick money. I think that trading for long term is better than the day trade in term of profitability.

[Questat]

I think that trading for long term is better than the day trade in term of profitability.

Obviously you'll make more money day trading if you do it for long term, provided you are a successful day trader.
That would make you rich honestly, although I like to achieved this as my goal, but my action does not speak for it yet, I'm looking for improvement here.

[kidoseagle0312]

in the first place anyway, do you think day trading is easy?
Do you think if you are a newbie here in this industry you can do it at once and
easily once you get enter in the exchange platform? If you know the answer to this
question of mine, then you will surely know the answer to your question.

[michellee]

I think that trading for long term is better than the day trade in term of profitability.

Obviously you'll make more money day trading if you do it for long term, provided you are a successful day trader.
That would make you rich honestly, although I like to achieved this as my goal, but my action does not speak for it yet, I'm looking for improvement here.

If we don't have good skills, then long-term trading will be good for us because we don't have to worry if the analysis we made will not give us a chance to make a profit. But if we have skills in analysis, we can determine the good price to buy, then we can try to day trading, and if the situations at the market are good, we can make a nice profit from day trading. But if we compare the situations now and a few months ago, it seems, day trading will give a profit to us as long as we can know the right time to trade.