Is the day trading profitable ?

[Omega Weapon]

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.

It is the opposite, most traders cannot really become day traders and there are many reasons why this is this way, the most obvious is that to become a day trader you need to dedicate completely to it and very few have the time to do so since many have other jobs and they have families to take care, you should only try to become a day trader if you can arrange your life in such a way that you can trade all day, if not possible it is better to stick to other methods of trading.

[gabbie2010]

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 profitable if you have trading skills, day trading is also detrimental if you don't understand the crypto market. Having a good source of information and technical analysis is an initial strategy in my opinion if you want to trade crypto. Market demand is greatly influenced by news like yesterday XI Jinping recommends blockchain technology. Day-trading requires you to understand where the market will go, monitoring every trade you enter.

I agreed that with you that day trading is mostly influenced by fundamental news in the cryptosphere reference to the president XI Jinping blockchain announcement that is applying only technical analysis as a day trader is very risky a lot of knowledge is required so as to have an edge over the market and make consistent profits.

[Shasha80]

Day trading is very profitable if done the right way. Because it can't be done every day we do day trading. Must see the market
conditions first, if the market conditions are green and the volume is very good. that's the right time to do day trading. The level
of difficulty day trading is very high and the risk is very large. So doing day trading must have the ability to read charts, movements,
and news related to coins that we will choose to do day trading.

[cryptoangel]

I think if you want to do daily trading then you should be able to see the conditions of the exchange and you should trade in an exchange that has a very high trading volume and the market conditions must be crowded, because if the market conditions are not crowded then you will find it difficult to get profit from daily trading.

Exactly day trading is too risky and market conditions are hard to predict so we never make good profit. But majority of the day traders are knowledgeable person so they know how to survive on all the condition. It make low profit on daily and If we compare to later it is more than enough profit so day trading is always profitable investment on crypto.

[ufaiz50]

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 will be profitable if you can trade. Profits or not it depends on how your expertise and knowledge in trading. To make it easier for you to not have to do technical analysis, I suggest you try arbitrage trading. Arbitrage requires you to do a fee simulation and calculate the profit value, this will increase your knowledge of the exchange platform and market volume.

[Google+]

daily trading should still be profitable if the market conditions are crowded and at this time the market conditions have begun to show signs of increasing market crowd you can see when the price of bitcoin on yesterday could rise so much in one day.

[ice098]

daily trading should still be profitable if the market conditions are crowded and at this time the market conditions have begun to show signs of increasing market crowd you can see when the price of bitcoin on yesterday could rise so much in one day.

Indeed, if the coin you are trading is really good for a day trade. But if not dont go to day trade. In day trading you will get  a little by little amount of profits, make sure that the coin you are investing is really active. I already have an experience on it, if you want to have a faster profit but not so huge you may try to day trade.

[Landak]

profitable if you focus diligently doing it and have quite a lot of capital, because if a little capital and do daily trading is will need long enough to enjoy the full profits. oops... don't make it wrong, there is another way even with small capital can get a lot of profit, that is when the market is fluctuating up and down sharply, take advantage of the opportunity to choose which coins are trending up and down significantly.

[Eutopia]

Day trading will be profitable if you can trade. Profits or not it depends on how your expertise and knowledge in trading. To make it easier for you to not have to do technical analysis, I suggest you try arbitrage trading. Arbitrage requires you to do a fee simulation and calculate the profit value, this will increase your knowledge of the exchange platform and market volume.
[/quote]


I have a question , can you please help me out .....I am just wondering , how do people make money on arbitrage when it looks to me at least , that the difference in price on 2 different markets is usually about the same as trading fee ...how do you make money then ? Thanks a Lot !

[durilup]

Yes day trading is profitable but you have to pay attention to the market at least every hour . The market is chaging so fast with these cryptocurrencies

[PLATO]

Yes day trading is profitable but you have to pay attention to the market at least every hour . The market is chaging so fast with these cryptocurrencies

   yes if a person who wants to earn from day trading then he will have to pay attentions and work hard because day trading is not that easy as to be consider by traders so they should work and keep their eyes on market and analyze every hour in market so that fall and rise will remain in your knowledge, trading is all about knowledge specially about day trading.

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

[wajik-tempe]

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

Ofcourse the technical analysis is the core knowledge that we must have before doing daytrading.
And choosing altcoins that slightly stable is also needs for doing daytrade. Altcoins with no upcoming news near future is reccomended to choose for daytrading.
And for enhancing our technical skills, we have to see other experts analysis and learn from them

[Serco]

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

Ofcourse the technical analysis is the core knowledge that we must have before doing daytrading.
And choosing altcoins that slightly stable is also needs for doing daytrade. Altcoins with no upcoming news near future is reccomended to choose for daytrading.
And for enhancing our technical skills, we have to see other experts analysis and learn from them

sharing our knowledge each other will give us more knowledge and tricks how to face unstable market.from expert analisys we will understand how they could survive for long time and able gain profits consistently.techical analisys could not separated with fundamental analisys and it work together to produce best result.

[andycarrol]

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

[Pamadar]

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

You should set up your cut-loss in order to maintain your target. Day trading is risky, but  planning your targets, both for profits and losses,
helps you enhance your chance to take every opportunities trading inside the market. There's people who are benefiting from this market even though it has a volatile market movement. They are able to anticipate and carefully manage every position that they've taken in order to earn from the market.

Traders who have more experience are able to find ways to earn. Both bull and bearish have opportunities, you just need to work with your
skills to anticipate the right position to take.

[CoinFoxs]

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

Daily trading is only profitable when your investment is in millions of dollar so when the price fluctuates 20-30$ or more it will give you good profit but on the other hand, it has high risks as the price fluctuates then you will lose your money in minutes. For me, long term investments are always good and profitable.

[Trader0815]

Hi, yea i know. I am a daytrader on BTC and it is nice to daytrade with. You need to take a look on the trading fees, because they are expensive for daytraders. So you need to choose the right broker for daytrading. On my case the best is Binance where you can save 10% of tradingfees for lifetime. Just use this refferal code: W7VSZWQT.

[zidanw]

Very profitable because when we trade the daily period can have a daily income and also usually more free time when trading we can actually provide benefits quickly, but indeed when we want to become traders in the daily must be ready with time that might require more to analyzing the market. pay attention to market movements. and also we must have a plan so that all can be arranged neatly

[teosanru]

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 profitable I have seen a lot of people making fortune out of it. But on an overall scenario only 1% out of all the day traders become successful and actually earn money. Most of the day traders lose money because not everyone has the ability to take over on their emotions and make decisions quickly. Only a few are blessed with such instinct. Moreover there is path to become a successful day trader and that path consists of tons of failure until you reach your goal. Most of the people just don't have the patience to continue until they reach the successful stage.

[Meowth05]

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's no doubt that it is profitable, however, based on the market we have now is day trade is somehow not a good option due to the fact that the market is somehow stable. Engaging in day trading requires a lot of time and effort because every time you must read the flow of the market and make a plan out of it. Moreover, this will be more profitable when you have a huge amount of funds because fees will surely be an issue.