Is the day trading profitable ?

[AicecreaME]

Day trading is profitable for people who have very good experience towards the analysis the coins because most of the coins are not profitable and it completely depends upon the coins we choose.

All of the ways on how will you Trade your coins are profitable, it relies on how high quality you are in Trading.

Choosing the right coin will always help us to make some decent profit.

A big NO for me. This is not true at all, there is no right or wrong coins in the market, the only thing that could go wrong is your analization, you could buy a coin which you thought it is a good one based on your technical analysis, but the next day you bought a coin that has more potential than you bought the first day, in short, they are still both going to give you profits, the only difference is that it is you who made the call.

No one even told you to buy that coin, the responsibility is all yours, so in buying or choosing a coin to trade, always take your time to make your final decision.

[doomistake]

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?

Yes we can gain profits. How? I would advice you to have minimum best 10 coins in  your portfolio. Invest in any one of those which is low in price. Then wait patiently and dont rush. I am sure, in 4 to 5 days time, you will certainly gain a little profit. Set your limit and look for other coin which is too low. This is how you keep shifting your investment. Certainly you will gain yourself. 

I'm not sure about that, day trading demands plenty of time, you have to be alert and stay awake pretty much all the time or less you'll miss your chance having so many profits in your wallet. Day trading sure gives you quick profit if you will trade the coins that has high volatility and high trading volume, such as bitcoin itself. Day trading is very risky since one wrong and you're done for that day.

This is just for the people who have a strong heart and prepared to lose any amount of capital every single day, this is also called "short term" Trading.

[d3nz]

As long as you know what you're doing then you can make profit. I've experienced doing a day trading and it will consume your time and need to always check the chart every hour(for me) and very stressful since you need to buy or sell and make a stop loss just in case you miss a sudden decrease of value.

But if you have a lot of free then you can do it and better to always have a target price.

[partysaurus]

my roomate does alot of daytrading on the stock market and the btc market, he watches charts and find a good spot to get in and a spot to get out, but he has alot of discipline.
Most people that trade are mostly gambling guessing where it will go and that never works in the long run.

[qwertyup23]

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 your experience and reserved capital on day trading.

The problem with day trading stems from its very root- being very risk. There are traders who lose their investments everyday due to day trading but they quickly recover those losses depending on luck. Also, it varies per coin depending on what resource you would invest on. Preferably, you would want to invest on high volatile and priced coins in the market and withdrew them quickly once the price increases from 10-15% from the initial price you acquired them.

It all boils down on experience, knowledge, and luck. There are experienced traders who still incur loss in day trading but it may be profitable once you start having the knowledge for it.

[Zanzibet]

Yes, it is. With enough leverage, anything can be worth trading on a daily basis, i.e. enough return can be made for the time spent.To be clear, if you are trading using  BTCUSD on a daily basis you dont have to sit front of the charts all the time. Trade off on Daily time frame, so that you have to  only look at the charts once or twice  a day and make trading decisions in just a short period of time.

[bitzizzix]

Daily traders are only for people who continue to be active online to always check the market situation, and the profit you get depends on your expertise because to do that daily traders must have good analysis to choose potentially profitable coins in a short amount of time?

and most daily trades only make a small profit compared to old trades that are more profitable, it all depends on your goals and needs and if your income is only from trading, there is no harm in doing your daily trading even though it is risky.

[crossabdd]

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?

what is your experience qualified? what I mean about graph analysis, MA, RSI, patterns, etc. and look for news about crypto, and determine which coins are good. because daily trading desperately needs it. in addition to determining the target profit and loss must also be calculated, 2-5% of daily profit is good. Do not trade all in daily. unless you really have good information and supportive graphics.
Buy when you get a rumor, and sell when the news is released. it's very powerful for profit. and profit or not, is your own ability to determine.

[InvestorCrypto12]

Of course, daytrading can be profitable. However, as a beginner it takes a lot of time to learn and understand the market. Before you understand and learn how the market works, you will not make any money. The big problem is that many people never get to that stage as they have seen daytrading as a quick and easy way to make money. Before embarking on daytrading, one must acknowledge that it takes time and is not easy.

[Aying]

As long as you know what you're doing then you can make profit. I've experienced doing a day trading and it will consume your time and need to always check the chart every hour(for me) and very stressful since you need to buy or sell and make a stop loss just in case you miss a sudden decrease of value.

But if you have a lot of free then you can do it and better to always have a target price.

Still need to improve. but with this idea we can accumulate more strategies. and day trading is not easy as we think. just imagine that we loss big if we are careless and not focus on market. and not easy too to find any alts to buy and sell. time management is useless if we can't have knowledge how we should start in day trading. we should need to experience this all to make our trading skills improve.

[GreenStox]

if you have a lot of capital then at this time you can do daily trades which in my opinion can still provide benefits as happened in the current exchange where it has begun to turn green again, you must be able to have a lot of trading to be able to get a lot of profits to trade daily because if you do not have a lot of capital it is difficult to be able to get profit.

[cryptothreads]

if you have a lot of capital then at this time you can do daily trades which in my opinion can still provide benefits as happened in the current exchange where it has begun to turn green again, you must be able to have a lot of trading to be able to get a lot of profits to trade daily because if you do not have a lot of capital it is difficult to be able to get profit.

I don't think you can make a daily profit during this time period because the downtrend in the last few days has caused a lot of people to lose a huge amount of money. In my opinion, whether you have a lot of money or a little money, you need to have a specific investment strategy because this is not a place where you can make a good profit.

I have personally participated in this market for a long time but I could not control my assets because the market continuously has unexpected discounts and always makes investors feel scared when investing.

[gandame]

Yes of course you will get a profit in daily trading or called short trading. As you can see many trader are getting more profits of there Daily trading because they are know what they are doing.
Learn more and then go for daily trading to get everyday profit.

[Colt81]

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 is really profitable because it is one of the fastest way to earn cryptocurrency, but doing day trading is very risky because you need to put a lot of your time to it and you need a lot of experienced when it comes in trading, so it will be easy for you to manage all of your trades and to minimize all of your losses.

[TelolettOm]

Very profitable if you really have free time to be able to do daily trading. the average person who trades daily is those who work as a trader. and now so many are working on it. the benefits can also be said big. I myself am still working and trading when I have free time. not as a daily trader every day and live it to get additional income

[zeze18]

Very profitable if you really have free time to be able to do daily trading. the average person who trades daily is those who work as a trader. and now so many are working on it. the benefits can also be said big. I myself am still working and trading when I have free time. not as a daily trader every day and live it to get additional income

Become a daily trader right now is no need to watch the chart everytime.
The traders determined their position first before the char move. Where they wanna sell and when they wanna cut loss.

[JC btc]

Very profitable if you really have free time to be able to do daily trading. the average person who trades daily is those who work as a trader. and now so many are working on it. the benefits can also be said big. I myself am still working and trading when I have free time. not as a daily trader every day and live it to get additional income

Become a daily trader right now is no need to watch the chart everytime.
The traders determined their position first before the char move. Where they wanna sell and when they wanna cut loss.

Day trading has been proven that it is profitable for many users, yes, some other people cannot do it, but most of the users can do it, so there is no reason for us not to do it as well, we just need to be patient and determined while doing it. But, if you are the type of person who is really busy then day trading is not fit for you and go for long term.

[Gotumoot]

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 is profitable but sometimes also risky, you really need to study every coin you buy, Because it's just a mistake you can stack at that price and you really have to wait before it goes back to the previous price you buy.
My only tip is that you should also split your investments so that you always have back up funds.

[crypmon259]

day trading is profitable but can be very stressful. Usually the professional traders put buy or sell orders in their price range which was pre decided. to start trading , you must start with small n see how it goes before risking big

[bitcoin31]

Day trading is porfitable if you really want to take that because day trading is not checking the value of the coins everyday but also reaading aome news everyday or article about the coin that you have for sure that you earn everyday and the step that you do in trading. But for the others day trading is not profitable because the true profitablefor them is longterm trading.