Is the day trading profitable ?

[cryptosignal.rocks]

My trade setups for today

BTC/USD
Pivot Point 2nd resistance $8,515
Take profit $8,486
Pivot Point 1st resistance $8,372
Biggest resistance 7 days $8,356
Pivot Point 1st support $8,070
Buy more $7,923
Pivot Point 2nd support $7,911
Biggest support 7 days $7,514

[BayAngelo]

trade with caution. it is not all greens in the market that are gold. i am sure you understands that statement.some are traps just know when to enter and leave. else you will be force to abandon the market. it has not been an easy task for short and day traders.

[omonuyak]

It is profitable and time consuming as well. You have to be always observing the market for any shoot up in price. You should also have a specific target at which you will sell your coin and bear in mind that you will not make huge profits.

Day trading can make you huge profits and this depends the amount of money you have put in. I have day trade before and it is not much different from normal long term trading except you needs to be smart in one and need speeds in execution of trading decisions while the long term trading takes time and you have time for yourself to make informed investments decisions.

[mersal]

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 is not profitable then people don't do this kind of trading and we are not going to see billions of cyptos exchange through many crypto exchanges everyday. But it is kind of most risky still in crypto trading so if you don't have skills for managing these kind of risky situation that just choose long term trading which is less risky compared to day trading.

[Kiefner]

Each method of trading can be profitable for you. The main thing is to use it correctly. Day trading is also profitable, but you should also consider the various nuances that may arise.

[proTECH77]

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?

Frankly speaking, day trading for me is the most profitable if the trader invest more time into the trade. Remember that, many factors are also against the day trading becasue, most individuals will not be able to follow up the market news and it progress, thereby falling apart when the opportunity come around. Try and dedicate your time to day trading and you will gain more profits in the process.   

[Genamant]

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?

trading is profitable but what strategy to use really depends on your knowledge and mindset
all i can say is just always respect the market sometimes we really cant outsmart it
so when your call goes wrong accept it and move on.

[Vaculin]

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?

trading is profitable but what strategy to use really depends on your knowledge and mindset
all i can say is just always respect the market sometimes we really cant outsmart it
so when your call goes wrong accept it and move on.

Yes. Have more patience in trading because sometimes even if you see the market price very good to day trade, it will suddenly take sideways. And if you are not smart and patient enough, you might end up losing in trading. Day trading is profitable but be sure to focus more on the market and the movement of the coin you trade.

[Aivaryamal]

Daily trading can be profitable if you have several dozens of cryptocurrencies with good volatility in your portfolio, this increases the probability of receiving a profit

[velive08]

daily trading still profits as long as you choose potential coins and can manage your profits well, I prefer daily trading with small profits but can continue long-term rather than having big profits but only once.

[emberbekas]

Daily trading can be profitable if you have several dozens of cryptocurrencies with good volatility in your portfolio, this increases the probability of receiving a profit

Bitcoin is a coin with high volatility and its range can be very good in daily basis. We can use it as our trading tool to benefit in the short term style. But surely, to get profit continuously will be difficult. Making targets is the most reasonable thing to manage our profits.

[xSkylarx]

daily trading still profits as long as you choose potential coins and can manage your profits well, I prefer daily trading with small profits but can continue long-term rather than having big profits but only once.

Daily trading is only for people that can focus on it for the whole day. If someone has his office job and busy from his work daily trading won't suit him well. It's better to just buy those potential coins that are good for long term. Crypto market is very volatile and every hour their is a possibility that the market can go sideways.

[satriagedhe]

day trading is good , but dont to greedy for profit .
the pros thing about day trading is if you get loss u will notice it ASAP and can cut loss ASAP too

[bitgolden]

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?

Frankly speaking, day trading for me is the most profitable if the trader invest more time into the trade. Remember that, many factors are also against the day trading becasue, most individuals will not be able to follow up the market news and it progress, thereby falling apart when the opportunity come around. Try and dedicate your time to day trading and you will gain more profits in the process.   

This will be a choice for few people because this 24 hours you see in a day is no longer enough for people because you see people trying to do so many things at the same time to be able to meet up with their monthly income target and it would be difficult for most people who are interested in trading to be able to dedicate a whole day to trading, only pro traders can, and we already know that they are called for that alone.

Day trading is fine, I really agree with you, but the time to settle down to maximize day trading is what has always been a very big challenge and why people just head straight for long term trading.

[Vaculin]

You can do that when you had enough money to start as capital of this type of trading.

Actually you it's not necessary to start with a big money, if you are profitable, you can easily turn your thousands of dollars into million as you will keep increasing your income as you go longer in this kind of trading.

[danipay]

As a trader, you may have often read so that you are not affected by the feeling of 'greed or fear' in trading. If you are a trader, trade is based on what you see on the market, not trading based on what you think about the market.

[numanoid]

As a trader, you may have often read so that you are not affected by the feeling of 'greed or fear' in trading. If you are a trader, trade is based on what you see on the market, not trading based on what you think about the market.

So you are saying we must trade only with watching the chart / running trade without think anything? Let say, bitcoin seems on their bullish right now, so we should buy more bitcoin asap?

[Best Dreams]

You can do that when you had enough money to start as capital of this type of trading.

Actually you it's not necessary to start with a big money, if you are profitable, you can easily turn your thousands of dollars into million as you will keep increasing your income as you go longer in this kind of trading.

Yeah earning in trading depends on the trader if the trader is good he can invest huge amount but if he is new it is much better to invest small amount and gradually you can increase the money, day trading is profitable, but it needs allot of knowledge to trade profitable, if you are not having idea or knowledge better trade for long term.

[hahay]

You can do that when you had enough money to start as capital of this type of trading.

Actually you it's not necessary to start with a big money, if you are profitable, you can easily turn your thousands of dollars into million as you will keep increasing your income as you go longer in this kind of trading.

Yeah earning in trading depends on the trader if the trader is good he can invest huge amount but if he is new it is much better to invest small amount and gradually you can increase the money, day trading is profitable, but it needs allot of knowledge to trade profitable, if you are not having idea or knowledge better trade for long term.

Starting with small money at least you have to have patience and good skills, because starting with low funds takes a long time to make it big in the end for your balance, and again if you don't have skills in this case, day trading will it becomes a mess for your finances because of the panic and fomo that you experience.

[Finestream]

You can do that when you had enough money to start as capital of this type of trading.

Actually you it's not necessary to start with a big money, if you are profitable, you can easily turn your thousands of dollars into million as you will keep increasing your income as you go longer in this kind of trading.

Yeah earning in trading depends on the trader if the trader is good he can invest huge amount but if he is new it is much better to invest small amount and gradually you can increase the money, day trading is profitable, but it needs allot of knowledge to trade profitable, if you are not having idea or knowledge better trade for long term.

Day trading is much profitable if we can take all the risks along with it.Day traders are normally those who are already experienced traders and knows the market well so that they can make big gains after day trading.But if you are just a beginner in trading,do not jump immediately in day trading,better to start first in long term trading since the risks in it is not that huge compared to day trading.