Is the day trading profitable ?

[greenclub09]

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

Not all traders can have profit because not anyone can be a great trader, just a small group of traders can get profit everyday, but also there are many cases, even the most experience traders can't have enough profit in a down trend market. so day trading is also a good choice to help traders get more profit but that is if we have time to spend on the day, and really good patient to endure the market.

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[bitzizzix]

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

[JC btc]

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

It needs perseverance, determination, and focus on it, and make sure that you are willing to devote your time, as its needs time and effort in doing day trading. You have o sacrifice time, effort, your sleep just for you to check a good chart, a good signal when you need to buy and to sell.

[AGroose]

Sure! Look at here https://neironix.io/news/numbers/bitcoin_price_analysis_on_october_28_continued_growth_of_bitcoin_and_chinese_blockchain_projects
Here for 1 day, three projects grew by 50%. You could increase your deposit by 1.5 times in 24 hours!

[adroitful_one]

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

Yes. Day trading needs a huge capital because you need to trade between the volatility in the market so as soon as you see some volatility that you can take advantage of then you will use your huge capital to purchase or invest it into the volatile cryptocurrency. Day trading is really profitable as long as you are knowledgeable enough in terms of technical analysis.

No, you don't need a huge capital to get started in trading. Having simply $100 or more in your balance is plenty. The fees are low enough when trading crypto that even that small amount is fine. You'll start with $100 then make a few dollars on your first trade bringing you to $103. Keep repeating this and you can see how this can add up pretty quickly. However, having a lot more money to work with will guarantee more profts and more losses.

[clickerz]

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.

That's true sir, long term investment  always paid off but of course it depends on what coins your are holding. Day trading also profitable but you must be quick thinking here with your trade.You must have a good strategy here in order to have a good profit.But sometimes when market is toxic even if you are good enough in trading, you need stop and recalculate your analysis or let the market stabilize again and resume day trading.

[SummerBliss]

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 it is profitable even in bearish market if you have proper knowledge and skill to survive in the market or the coin in which you are trading have growth oppurtunities and you regularly monitor your investment and take instant decisions.Many have gained huge profits even in these two years with their talent of trading in this volatile market.

[Yatsan]

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.

This is not true at all, day trading is profitable no matter how much is your funds, sometimes I do trading within a minute-hours of interval, you just need to do a leverage trading(marginal trading) where you can multiply the gains or lose of your money. The profit is actually big and can double the money that you put is single trade if you wait for days or week, but mostly within just hours the profit is good as long as your trade will not be liquidated.

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

Yes. Day trading needs a huge capital because you need to trade between the volatility in the market so as soon as you see some volatility that you can take advantage of then you will use your huge capital to purchase or invest it into the volatile cryptocurrency. Day trading is really profitable as long as you are knowledgeable enough in terms of technical analysis.

Small or Big capital is worth it, as long as you are learning and having a profit in trading. You can add monthly to your capital or just simply trade with it, If you think you can do better do a leverage trading to multiply your money. It's simple just make sure you know what you are doing.

[supercanada1]

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.

Day trading is only profitable when the asset that is being used is a potential one and the trader has sound level of skills. For instance a bitcoin day trader who understands the nature of his holding and profession very well, would make huge amounts of profit from this. But if one of the essential is missing, he won’t survive for too long. Selection of a potential coin and patience are important.

[DimitrisLodirogas]

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?

I'm getting in too!
Can someone post a few reccomedations (anything you would say to someone who starts daytrading).
Is it cool to use platforms with tools such as Coingy and Newscrypto (tools like: cointrackers, performance, charts)
Thanks for help!

[sulendra12]

It doesn't matter if you do day trading or long term trade. Every method and plan requires different strategies and it doesn't work to just mix match it. Instead of keeping with only one way to earn, you can just do both to maximize your profit. Kinda hate when someone asking X stuff but they didn't do that in real world.

[WatchMaker]

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 very profitable these days but you have to know what you are doing to get the profits. First, you need to learn about day trading from the basics to actual trading. Trading is not easy you must learn to trade before you can make money with it. thus, learning about trading is compulsory or else - you'll end up losing your money. You may start learning about trading from YouTube crypto trading tutorials, it is free.

[hahay]

It doesn't matter if you do day trading or long term trade. Every method and plan requires different strategies and it doesn't work to just mix match it. Instead of keeping with only one way to earn, you can just do both to maximize your profit. Kinda hate when someone asking X stuff but they didn't do that in real world.

Right, whatever is done with a planned strategy so even if you only focus on day trading or long term trading I think it will generate good profits. But indeed, it would be better to do both because that way you can take advantage of every moment, and all of that will definitely be profitable. Different if you do a lot of ways but you do not have the skills and a mature plan, if that happens even if you ask for advice from others you will still find it difficult to make good profits in trading.

[d3nz]

I think it is profitable and you can make a lot of money by doing a day trade but it will depend on the movement of the token/coin you are trading on the market and how much of amount you have so you can earn a lot of if you have bought a large amount of shares.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

[sulendra12]

Different if you do a lot of ways but you do not have the skills and a mature plan, if that happens even if you ask for advice from others you will still find it difficult to make good profits in trading.

It's much better to master one method each time before learn another one than learn 9999 methods but none of them are working. It's all about focus and knowledge, it doesn't matter if you just know how to do it but practically you never do it.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

[kanayaTabitha]

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

I think if our intention to invest for a long term, we don't need to check the market and look our trade often because we will panic when the price drops and we ended cutloss, and when the market price rise again we'll buy it again and we'll experience a big loss.
Checking investment for like every month is enough if our intention is for long term investment

[alan2here]

I think it is profitable and you can make a lot of money by doing a day trade but it will depend on the movement of the token/coin you are trading on the market and how much of amount you have so you can earn a lot of if you have bought a large amount of shares.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

If you choose day trading to make a profit, you need to have a good temper to calm down because the high volatility of the market can cause you a lot of difficulties in investing. I think not everyone is confident enough to do this because just a small mistake in the transaction will make you easily panic in this market. I am afraid of losing money in this market so I will usually choose short-term or long-term investment to ensure my profits better.

In fact, you need to have a lot of experience in trading and need to focus a lot on the market because not every day you can make money and certainly the pressure in investment will make you feel more worried.

[matchi2011]

Daily trading can provide a lot of profit when cryptocurrency price movements at the exchange place is very fast because you can take advantage of such moments to make a profit, because if market conditions are quiet and there is no price movement it will be difficult to get profit from daily trading.

Not all the time we can get more profit in daily trading, But if we want get enough profit in daily we should take a good coins to trade or a popular coins. And we need to use to trade are those exchange site that are safe like binance. And yes it was difficult for us to get profit in daily trading need time for that on how to earn even do a small amount it was enough.

He's referring with the condition of the market, when you want to invest with short term trade and make a daily profits then you need to find projects that have good volumes and the movements is not stagnant instead moving faster, both sides there's still possibilities that you can earned if you have a good timing to place your entry and your exit point. Your knowledge are the driver to find and select moving coin for your benefits.

[jakoylantern]

For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well.

[Best Dreams]

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

I think if our intention to invest for a long term, we don't need to check the market and look our trade often because we will panic when the price drops and we ended cutloss, and when the market price rise again we'll buy it again and we'll experience a big loss.
Checking investment for like every month is enough if our intention is for long term investment

Risk is only for those who are new or who are not having knowledge about trading for me there is no such risk. I like to trade for the long term only but the reality is trading has profit even if you are trading for the day. You will have to gain Knowledge then there is no risk for us. Day trading has a huge amount of profit only needs knowledge.