Is the day trading profitable ?

[Apened]

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.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

[kanayaTabitha]

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.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Yeah every traders must be experienced loss, and even it is called daytrading, we've not always to sell it in one day, if will depends on the market condition also, if a coins that will have a good news or events in several days, holding for days is not also bad for daily traders. And splitting trades into many coins is a must for a daily traders.

[Triffin]

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.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Yeah every traders must be experienced loss, and even it is called daytrading, we've not always to sell it in one day, if will depends on the market condition also, if a coins that will have a good news or events in several days, holding for days is not also bad for daily traders. And splitting trades into many coins is a must for a daily traders.

Not every day trader lose money but some earns too it depends on the trader either he likes to sell on daily based or to wait for the good time. Day trading is really not an easy task but people mostly enjoy it and earn money from it with help of their knowledge and keeping an eagle eye on market. We also should learn trading well if we want to become day trader.

[Omega Weapon]

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.

This is common not only among day traders but among traders in general, many are attracted by the possibility to increase their capital in a short amount of time not realizing that money needs to come from somewhere and the money comes from the many people which come to the markets and lose it all, this explains the great disparity among traders in which most lose their money, a few earn some money and even a smaller minority seem to get most of the profits.

[carriebee]

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 will profitable it depends to your capital , you know how to manage it well. But if you are not sure to day trading much better to study it first so you get some idea about day trading to avoid big losses too. Research is a big help to collect some strategies too about day trading or ways of trading, because as you know we are different strategies to make a good profit it comes to trading.

[ioanbtc]

All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.

[Darooghe]

If you have a lot of self-control, look at the 1-day charts, select good entry points and set reasonable goals for profit. Lots of the folks here don't have that, they're FOMO buying and HODLing too long to chase that extra 5% spike in value that lasts all of a few seconds. Greed is what puts a lot of altcoins traders with easy profit opportunities into red.

First thing you need to know is that this isn't a get rich quick scheme. You will lose a lot of money learning to trade and unless you're comfortable with the initials losses, you won't make it. At all. If you can manage 5% a day you will be a millionaire within the year, My advice is, throw whatever amount you are okay with losing into BitMex and learn the system and start messing around. You need to practice, develop a system and learn to control your emotions before you can begin to think about making money trading.

[logicgate]

All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.

   Good idea to become a good day trader we should abstain mistakes but if make any mistake try to learn from it and don't repeat as much as i know day trading needs full time work and you will have to remain present in market all the time if you can do this then trade for day it’s profitable. Day trading has so much earning but only need an expert mind.

[conex]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

[lienfaye]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

[kanayaTabitha]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

Read more people analysis and compare them each other, you will have your own conclusion to make a trade if you read them a lot.
My daytrading was work well this year, i can fund myself for living just by doing daytrade because this year is the most stable earning from daytrading for me.
The key is read people's analysis (especially from pro traders, you can see it on tradingview) and also follow up the news from the up to date medias so we won't encounter loss cause of bad news

[k@suy]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

Day trading only suits for people who has a great patience and has a lot of time. In day trading you will get a little to big profit or sometimes nothing it depends on the coin you are invest with but yes it is profitable I have tried it before and I gain a little in my asset but that was before when I have no job to work for . You need  to pay attention in day trade  so that you will go with the flow of the market.

[barabarian1]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

Day trading only suits for people who has a great patience and has a lot of time. In day trading you will get a little to big profit or sometimes nothing it depends on the coin you are invest with but yes it is profitable I have tried it before and I gain a little in my asset but that was before when I have no job to work for . You need  to pay attention in day trade  so that you will go with the flow of the market.

in daily trading you will find profits little by little by exploiting the instability of the market every time, so we are required to be patient. and true if you say daily trading is more suitable for people who have a lot of time. I also feel the profit when I trade daily, my strategy is to buy when the price is low and sell when the price is above the purchase price. if the price does not match what we expect, I will be patient to wait until I think, I have benefited. but all that I do with coins that I feel are good, not just holding a coin. must be careful in choosing, before the loss befall us. because right now there are too many coins whose prices are going down, but it's hard to go back up.

[Webetcoins]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

Day trading only suits for people who has a great patience and has a lot of time. In day trading you will get a little to big profit or sometimes nothing it depends on the coin you are invest with but yes it is profitable I have tried it before and I gain a little in my asset but that was before when I have no job to work for . You need  to pay attention in day trade  so that you will go with the flow of the market.

in daily trading you will find profits little by little by exploiting the instability of the market every time, so we are required to be patient. and true if you say daily trading is more suitable for people who have a lot of time. I also feel the profit when I trade daily, my strategy is to buy when the price is low and sell when the price is above the purchase price. if the price does not match what we expect, I will be patient to wait until I think, I have benefited. but all that I do with coins that I feel are good, not just holding a coin. must be careful in choosing, before the loss befall us. because right now there are too many coins whose prices are going down, but it's hard to go back up.

No doubt the profits made with day trading or daily trading are little ones but it is the most beneficial form of trading because the trader is able to make benefits on daily basis. On the other hand, it is also the most difficult one as making right prediction on hourly basis is a tough challenge. Patience, knowledge and the right coin are required. It is best to choose bitcoin.

[Triffin]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

I have always been strong advocate of this fact that day trading is possible only if the trader has great patience and free time, only then he or she is capable of generating decent money out of fluctuations. Otherwise it is great option to go for long term trading if the person is having bad emotional control. Investing into bitcoin and some popular altcoins can save you from distressed situations and get you nice profit.

[d3nz]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

Day trading only suits for people who has a great patience and has a lot of time. In day trading you will get a little to big profit or sometimes nothing it depends on the coin you are invest with but yes it is profitable I have tried it before and I gain a little in my asset but that was before when I have no job to work for . You need  to pay attention in day trade  so that you will go with the flow of the market.

I highly agreed, doing a daytrade can cost you to stay at home but it will depends if you are into stock msrkrt, crypto or  forex. I would say doing a daytrade in crypto will depend the exchange since you know that every exchange has a different volume so you need to check who has the biggest since you will to make a transaction and execute position immediately.

But it has risk doing a daytrade because you may lose your money if you don't know on how the market flow and technically reading a chart.

[Omega Weapon]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

And that my friend is the issue with day trading even if you are skilled enough to make profits with day trading you need to make it your main occupation and if you have a job or other kind of occupations then you cannot really day trade at all because you may miss an important movement in the market while you are doing something else, it is better to become a swing trader that way you only hold your coins for a few days to a few weeks and you can perform your trades in minutes and it combines really well with whatever job you may have.

[coin_1122]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

I have always been strong advocate of this fact that day trading is possible only if the trader has great patience and free time, only then he or she is capable of generating decent money out of fluctuations. Otherwise it is great option to go for long term trading if the person is having bad emotional control. Investing into bitcoin and some popular altcoins can save you from distressed situations and get you nice profit.

Agree, we should always plan based on the characteristics we have when it comes to trading, we are too emotional then we should always plan for long term investment by choosing the right coin. If you are capable of controlling your emotions, then it will surely help you to start day trading immediately and it will surely help you to make a decent profit.

[wildan88]

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

I have always been strong advocate of this fact that day trading is possible only if the trader has great patience and free time, only then he or she is capable of generating decent money out of fluctuations. Otherwise it is great option to go for long term trading if the person is having bad emotional control. Investing into bitcoin and some popular altcoins can save you from distressed situations and get you nice profit.

Agree, we should always plan based on the characteristics we have when it comes to trading, we are too emotional then we should always plan for long term investment by choosing the right coin. If you are capable of controlling your emotions, then it will surely help you to start day trading immediately and it will surely help you to make a decent profit.

That should be the aim and goal for the newbies who want to either trade or invest long term. They should try to control their emotion or much better, they should remove emotions when they are trading or investing so they won't screw up their plan for trading or investing. I know that it is hard to control it from the start but once you learn how to control and not prioritize the emotions then you will have a higher potential.

In my opinion, that strategy and technique are the most important because if they understand that, they can be patient and control their emotions, because they know which direction the coin will go. because honestly, if you don't have strategies and techniques, you will play trading like gambling relying solely on instincts and luck.

[Dewi Aries]

In my opinion, that strategy and technique are the most important because if they understand that, they can be patient and control their emotions, because they know which direction the coin will go. because honestly, if you don't have strategies and techniques, you will play trading like gambling relying solely on instincts and luck.

I think a lot of people already did that thing. Because we can see sometime people start trading activity when they see people who already success from it. And then without enough skill or maybe knowledge they start trading. I have seen a lot of people in my community do that thing. And in the end, they blame the coin that they bought and say it is scam coin.