Is the day trading profitable ?

[ichai]

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?

There will be days when you have a profit of up to 10% and also some days when you lose up to 10%. This is a very interesting game and it requires the alertness of traders.
If you lose your focus for a moment, the market can regain all your profits within days.
Day trading is quite risky, so we need to practice more and learn more to avoid such risks.

[jhonjhon]

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?

How you measure preparedness? We could only say that we are prepared for this if we feel no regrets in every decision we have to make.
Willingness to put our money at risk and possible time to be wasted.

There will be days when you have a profit of up to 10% and also some days when you lose up to 10%.

Isn't profitable anymore, if it will continue like this...we are just wasting our time for nothing and possible for losses in the coming days.

[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?

Of course it is profitable, as long as you are full of knowledge of about trading dude.
Now the question is, in what way you became prepared for trading, do you know that aside from
it is profitable, it can also wreck you in just one wrong move? are you prepare for that too?

[conected]

if day trading is done correctly then its the profitable for sure , I was also not profitable in day trading but I read some books like ,

 how to day trading  by ross Cameron


then I knew what was the mistake I do then I slowly my losses turned to profits

- And the story you tell is a convincing proof that trading day is still profitable but before we reach our profit levels, we will need to go through the first losses when what we are choosing is a quick way to earn profits, fast always means there will be more danger, you have felt and many people participating in day trading have felt. However, not all participants will be profitable, day trading requires very high talent and market sensitivity, some people will move from loss to big benefits, some will move from small loss to bigger losses

[Apaxy]

Today, we have a very difficult situation in the cryptocurrency market and every trader can confirm that under current conditions, daily trading carries not only great risks, but it is very difficult.  Perhaps all the difficulties lie in the right choice of promising coins, but only professionalism and extensive experience can bring good results for the trader.

[TheUltraElite]

How you measure preparedness? We could only say that we are prepared for this if we feel no regrets in every decision we have to make.
Willingness to put our money at risk and possible time to be wasted.

One who is prepared to lose money is prepared enough. In trading you lose a lot of money if you end up putting your money in the wrong coins. But putting them in the top few coins can also make you lose money for a short period of time. So day trading would not be everyone's cup of tea. If you want to remain healthy without having to check prices all day and sleepless nights, you could simply buy bitcoins and hold for long term gains before selling them and buying again.

Isn't profitable anymore, if it will continue like this...we are just wasting our time for nothing and possible for losses in the coming days.

Yeah maybe 10% gain/loss is a bit excess since the market is not moving that much these last 2months but it is possible and traders would take advantage at least try to for even 3-4% gains.

[Polar91]

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

I think it's not good to shift from day trading into long term trading just because you made a mistake. If you're planning to do a day trading, then you should set a risk management such as stop loss otherwise you'll get stuck from the sudden dip of an altcoin you're holding. It's not that bad to accept our mistake and then try again for a better opportunity; that's what it takes in trading.

[milandres0207]

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?

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

[serantepe]

I tried day trading at the beginning of 2017 year, but at that time absolutely all currencies showed good growth. It seems to me that there is a chance to trade for a short period of time only when you have a large portfolio of assets.

[bellaayu]

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?

Everybody wants to benefit from trading. With our now natural conditions, it may be easy to make a profit. I suggest that if you want to make a profit, you can invest in Bitcoin.

Bitcoin is very dominating the market and if every day is observing the market, especially for Bitcoin. Prices continue to experience movement, and it is better to buy when Bitcoin conditions are red. And sell when you have the advantage, but do not hold too long.

[velive08]

Daily trading still has the potential as long as it is done with professional and good skills, I think maybe this will be one of the determining factors to make trading still make a profit in the daily run.

[Pamadar]

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

I think it's not good to shift from day trading into long term trading just because you made a mistake. If you're planning to do a day trading, then you should set a risk management such as stop loss otherwise you'll get stuck from the sudden dip of an altcoin you're holding. It's not that bad to accept our mistake and then try again for a better opportunity; that's what it takes in trading.

Accepting that there's really some time that your position will be busted when dealing with daily trading can increase your confidence to keep enhancing your skills, you don't need to be stuck if you properly set up your stop loss and accept those losing position, there's always a good chance in the following
day that you'll be able to catch up and recover your loses.

Though it's depends from investors/traders points of views, there's always good possibilities to those who's willing to stay optimistic.

[serantepe]

I think it’s profitable when you know how to trade in any market, including marginal trading.

[Irvinn]

Daily trading still has the potential as long as it is done with professional and good skills, I think maybe this will be one of the determining factors to make trading still make a profit in the daily run.

I completely agree with you that it was daily trading that brought a large amount of profit for each trader who was engaged in this activity, but one more thing should be mentioned that the results directly depend on the correct selection of coins.  Until recently, I considered Bitcoin as a very profitable coin for daily trading, but today Bitcoin is a little feverish and those who engage in daily trading of Bitcoin have slowed down their activities a bit, if you pay attention to what is happening with the BTC price.

[lumierre]

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?

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

The essence of the strategy is to create short-term orders. For example, a trader buys 100 XRP at a price of $ 0.26. At the same time, it creates 10 orders - each with 10 XRPs. Within a few minutes, the price of an asset will increase for a short time, for example, to $ 0.32. The purchased coins will need to be sold immediately. The benefit, in this case, will be not big, however, when conducting such an operation with a large number of coins, the amount of income will also increase.

[serantepe]

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?

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

The essence of the strategy is to create short-term orders. For example, a trader buys 100 XRP at a price of $ 0.26. At the same time, it creates 10 orders - each with 10 XRPs. Within a few minutes, the price of an asset will increase for a short time, for example, to $ 0.32. The purchased coins will need to be sold immediately. The benefit, in this case, will be not big, however, when conducting such an operation with a large number of coins, the amount of income will also increase.

That’s really interesting method of marketing manipulation, but we need to have a huge amount of money.

[Spaffin]

I am sure that in order to get good results from trading, you need to use the right tools.  As an example, we can cite signals that are very actively used for Forex trading.  Thanks to this, any trader was able to get considerable income and successfully learned to use all available tools in the foreign exchange market.  I do not yet have any experience in cryptocurrency trading, but I hope that I will find a lot in common with Forex trading.

[shushu9977]

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?

Daily trading is very risky to get profit. Because if we see any kind of business in the world, we see that it isn’t reach the moon or his goal in a one day. So long investment is better than daily.But, if you are very expert and well-known about trading in crypto-currency, then it is ok.     

[Bunsomjelican]

Day trading is profitable only, if you are already knowledgeable and full of idea about it.
And you must ready to face the consequences if ever you make a mistakes while doing
in the actual trade platform, because on day trading your character as a trade will reflect in it
for sure once you implement this methods of earnings in crypto.

[hahay]

Daily trading is very risky to get profit. Because if we see any kind of business in the world, we see that it isn’t reach the moon or his goal in a one day. So long investment is better than daily.But, if you are very expert and well-known about trading in crypto-currency, then it is ok.     

After all, nothing in just one day had a very large increase like getting to the moon, so with him willing to do day trading at least he was prepared with the risks. Day trading will be profitable in a highly fluctuating market, so no one expects big profits like getting to the moon if it is only day trading and traders should have realized what percentage of profit they might get in day trading.