Is the day trading profitable ?

[coin_1122]

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.

We should always focus on increasing our asset because everyone will start with the low investment and after making some profit, you need to buy the potential coin which will show some credibility in the market will always help us to increase our asset.

[calya]

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.

day trading only suitable for experienced trader and have good trading skills.without this skill its impossible for people to be good day traders.for beginner trader maybe long term more safe and profitable for them,

[Aivaryamal]

Daily trading can be profitable depending on how much capital you have and on what cryptocurrencies your capital is distributed, the more and more promising they are, the greater the probability of receiving daily profit

[Kimonoe]

Daily trading can be profitable depending on how much capital you have and on what cryptocurrencies your capital is distributed, the more and more promising they are, the greater the probability of receiving daily profit

but we must have a good strategy. daily trading is more risky, than we invest long-term. it takes a good psychology to deal with market movements, of course we will more often see fluctuating market movements

[muhhentuhhen]

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.

Starting with big money, especially, when you deal with day trading, will finally bring to a loss. It is also worth trying to trade tokens with low market capitalization. If you succeed, some more alts can be chosen.

[guoyu78]

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.

The profit is always there for day trading, but the risk involve is what people often become a victim of, that makes day trading a nightmare for a lot of trader, and only professional trader could really deal with this day trading nightmare.

I agree with you that no newbie should ever try to day trade without becoming a perfect trader, strategy is much more needed for any day trader to be able to have a very bright and successful trade, and which is why I mostly do implore newbie to endeavor to be more of holder as newbie while practicing to be a pro trader using demo trades. This is the only way a newbie could avoid failure in day trade.

[ash.y]

It is profitable, however for beginners it is highly recommended to start from small to get familiarity of the process with having a minimal risk involved.

[lienfaye]

Day trading is profitable if you know what you're doing. You must be aware of what to expect and has knowledge on what to consider before making a trade. Having lots of time is important to monitor the movement of the price so you wont missed the right timing to put your trades.

I tried to be a day trader before but I cant handle the stress, I guess not all traders are meant for it.

[joromz1226]

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.

Agreed on you to that mate, I know lot of traders in crypto currency are applying that most of the time. In fact, I've been here for more than 1 year but only this time I'm focusing myself in day trade, to enhance myself more to practice too to get profit as much as possible in my everyday of life.

[jrrsparkles]

It is profitable, however for beginners it is highly recommended to start from small to get familiarity of the process with having a minimal risk involved.

Right,but most of the beginners come with the intention of making profits only so they are risking more but most of them keep losing in the hard run.Day trading might easier when the market is bullish but it is better to keep holding than doing day trading at the bull run.Real profitable day trader need to make profits at the bearish trend.

[Om.monata]

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.

for beginners do have to start with small capital and remain patient until good skills, now if you only rely on capital without skills I think it will still be disruptive and detrimental to finance. especially if you do a daily trader surely the profit you get will be disrupted

[voltesbit777]

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 no doubt that is really profitable that is if you are trading the right coins in the platform dude.
Because once the altcoins is wrong it won't be profitable at all because its useless. And make sure you are knowledgeable
in applying day trade to your daily routine in life.

[Webberson]

As far as trading is concern, any method of trading is profitable, but the thing is, you have to know what principles to follow and how to go about it. Day traders are making profits, swing traders are making profits as well. It all depends on the strategy you intend using.

[Bunsomjelican]

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?

When you say you are prepared, it means as a new trader in this business industry you are aware to all the
consequences which you might encounter in the future, it can be good or bad, you can win and you can loss too.
Are you aware of this things? Yeah, its right trading was really profitable if you're action is right, but if not you can
also be wreck, hope you get my point. Because not all the time you can win in the game.

[thecryptogandalf]

I think, it just depends on how you act when executing your day trade. I think the key point is being rational and never act with emotion. For example, even after reaching your target profit but being greedy may resulted with huge losses. When people make losses in an unexpected way, they generally have a tendency to trade more aggressively  and it ends up with more losses. Other thing is that not exposing your account to risk more than 2%. Technical analysis and experience is also key indicator for a profitable day trading. However, It is important keep in mind that there is always a chance of making losses no matter how good your strategy is.

[peter0425]

It depend on your capacity and knowledge about day trading as this is I guess one of the riskiest ways here in crypto profiteering.i have known few people who enters Daytrading but ended nothing and losses all of their assets because of being aggressive to earn
In daytrading patience on finding a good coin/token to buy and you must be ready in semi long term holding when time comes that your currency suddenly drops overnight.
And also never listen to anyone advising you because this is your money and you must be the one responsible for this

[TheBusstop]

it all depends on your choice and how perfect you are in trading. day trading might be beneficial if you can perfect your  trading and knows how to sort out tokens with liquidity and also exchanges. most trades might be delayed due to poor trades on exchange. things you need to consider if you wants to engaged on day trading is the exchange and the token you want to trade.

[PuertoLibre]

As far as trading is concern, any method of trading is profitable, but the thing is, you have to know what principles to follow and how to go about it. Day traders are making profits, swing traders are making profits as well. It all depends on the strategy you intend using.

The interesting point is both types of traders trade the same quotes/charts/trends but on the dissimilarly connected timeframes. Strategies can vary conditional on the market pulses, the party is not limited to the music. Profitable trades can turn to the losses if it wasn't controlled with the correct money management. Fundamentals teach us to read the given data, analyze the market behaviour and open the new trade with the last accepted decision. The rest will be done by the market, different tools on the trading platforms help us to manage the whole process.

[Renampun]

actually, you don't have to be a daily trader to be more profitable...
You can choose to become a weekly and monthly trader depending on your comfort and financial condition. a little advice from me, you must be a weekly trader so that your trading instinct quickly appears. weekly trading is very convenient for those of us who have little capital and who want to build trading instincts, but if you have large capital and are able to read the market you should be a daily trader.

[Rustamm]

The answer to this question is obvious. If you have knowledge, it doesn’t matter how, when and with what you trade, because you can still make a profit.  For those who do not have knowledge, it is better not to trade in a bear market. If you want to trade, it is better to try to wait for the bull trend and start, in this case you will have less chance of losing your money, because it is easier to trade on a bull trend than on a bear trend.