Day Trading for a Living?

[Wexlike]

doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.

there's a point, because I've tried it myself, even gambling is easier to get a daily profit, because some games are predictable.
and it's really hard to get daily profits from trading for this year. unlike under 2017, market conditions are still very good. for now, I can at least benefit from trading can be 1 week - 1 month, even that only get 10-20%.
bitcoin domination will be increasingly difficult to make us get profit from daily trading.

The funny thing about that volatility is, that it took a month to erase the gains by the 1 day china pump in October. 

[Best Dreams]

doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.

there's a point, because I've tried it myself, even gambling is easier to get a daily profit, because some games are predictable.
and it's really hard to get daily profits from trading for this year. unlike under 2017, market conditions are still very good. for now, I can at least benefit from trading can be 1 week - 1 month, even that only get 10-20%.
bitcoin domination will be increasingly difficult to make us get profit from daily trading.

The funny thing about that volatility is, that it took a month to erase the gains by the 1 day china pump in October. 

For chines people, it was the lucky day that price becomes high for them and I hope so many people took advantage of it as day traders remain in search of such a golden chance. Day trading is good and profit as too but it needs high-level knowledge and information about trading. If you really want to become a day trader must learn it well and spend a small amount at the beginning

[crossabdd]

I personally am a daily trader, and that is for my life. You are right, most daily crypto traders are a loss. especially newcomers. and those who are profitable are big players. but I personally can still make a profit, but have to make extra analysis. like searching for news and looking at chart patterns. because if only with feeling. it will make me lose. and very emotional.

[andycarrol]

I personally am a daily trader, and that is for my life. You are right, most daily crypto traders are a loss. especially newcomers. and those who are profitable are big players. but I personally can still make a profit, but have to make extra analysis. like searching for news and looking at chart patterns. because if only with feeling. it will make me lose. and very emotional.

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

[marcous]

Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101


Only 0.4% earned more than a bank teller.


You can thank me latter.

It all depends on how much of the percentage the trader taking profits I guess. if they are greedy they will be losing their money. but being a day trader in 2017 is very different, the day traders really can make a profitable from trade every day. so it all depends on each other's passion I guess. And for now, there are still many day traders who can get profits to finance their lives. the key is the only one don't ever greedy if you want to save your money when you take profit

[BartS]

No matter what anybody may say, i still think that day trading shouldn't be regarded as a living or main source of income. It is simply because shits happen and its more like you are gambling with your money. Why some people are lucky to do this as a source of income and succeed, it might not work for other. It takes training and years of experience to reach to that level where it can be regard as a living and this experiences involve losing lots of money in it. If you have nothing sustaining you during that time, soon enough, you will be on the street.

Day trading is not really gambling if you know what you are doing, the greatest difficulty of day trading strives in knowing when to enter the market when there is a high probability that the market will go in the direction that you want it to go.

I know that this may sound like gambling since we are talking about probabilities but it isn't really like that in gambling it is impossible for you to select the probabilities of an event happening but when you are trading you can do it and you can decide to enter the market only when there is a high chance that you will win.

[jossiel]

I personally am a daily trader, and that is for my life. You are right, most daily crypto traders are a loss. especially newcomers. and those who are profitable are big players. but I personally can still make a profit, but have to make extra analysis. like searching for news and looking at chart patterns. because if only with feeling. it will make me lose. and very emotional.

Don't get emotional, it's the number one adversary of the day traders.

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

There are other altcoins that's way better to trade than bitcoin. I'm a bitcoin holder and I choose not to touch it and just let the other altcoins apply day trading. Doge and Litecoin are good candidates but if you're better in that strategy, continue.

[andycarrol]

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

There are other altcoins that's way better to trade than bitcoin. I'm a bitcoin holder and I choose not to touch it and just let the other altcoins apply day trading. Doge and Litecoin are good candidates but if you're better in that strategy, continue.

nothing better I think, everything has decreased dramatically, except doge may be very stable with very low prices. What makes you say that both of them have good candidates? maybe ETH is better than both.
I don't really like to trade doge , it's very stable so quite difficult for me to daily trade and gets profit.

[jossiel]

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

There are other altcoins that's way better to trade than bitcoin. I'm a bitcoin holder and I choose not to touch it and just let the other altcoins apply day trading. Doge and Litecoin are good candidates but if you're better in that strategy, continue.

nothing better I think, everything has decreased dramatically, except doge may be very stable with very low prices. What makes you say that both of them have good candidates? maybe ETH is better than both.
I don't really like to trade doge , it's very stable so quite difficult for me to daily trade and gets profit.

It's my opinion and those coins I think are good and just keep your bitcoins for holding. ETH might be better but I'm also treating it to keep the same as bitcoin. But with Litecoin and Dogecoin, I'm okay with them if I would have a bad trade.

That's fine if you don't like doge, I'm only telling my opinion and as I've said, in whichever coin you're doing better, go for it and keep it.

[onyek16M]

Yeah daily trading is getting harder, I've been taking a break for 2 months, but that applies to altcoins trading. at the moment I'm more focused on bitcoin, bitcoin has great potential for daily trading with his fluctuations.

There are other altcoins that's way better to trade than bitcoin. I'm a bitcoin holder and I choose not to touch it and just let the other altcoins apply day trading. Doge and Litecoin are good candidates but if you're better in that strategy, continue.

nothing better I think, everything has decreased dramatically, except doge may be very stable with very low prices. What makes you say that both of them have good candidates? maybe ETH is better than both.
I don't really like to trade doge , it's very stable so quite difficult for me to daily trade and gets profit.

It's my opinion and those coins I think are good and just keep your bitcoins for holding. ETH might be better but I'm also treating it to keep the same as bitcoin. But with Litecoin and Dogecoin, I'm okay with them if I would have a bad trade.

That's fine if you don't like doge, I'm only telling my opinion and as I've said, in whichever coin you're doing better, go for it and keep it.

Doge not good for some people but for me doge is good for long term trade, i always see the chart by doge its follow bitcoin price when bitcoin increase high price, it happen doge too
i ussually buy doge in under 30 and sell it up to 60, take 50 percent but have to be patient because need long time

[KnightElite]

If you want to become full time trader you should have other sources of income because if you do not have any other sources of income then you will be pressured to make money by becoming full time trader. What if you lose your investment? How you will pay your daily expenses? Consider the risks before you make a decisions.

[BartS]

If you want to become full time trader you should have other sources of income because if you do not have any other sources of income then you will be pressured to make money by becoming full time trader. What if you lose your investment? How you will pay your daily expenses? Consider the risks before you make a decisions.

This is something that many never consider when they decide to become day traders, the psychological pressure that you are going to feel when you are losing money in the markets is going to be many times greater than the pressure that a day trader with another job feels.

Because now you have no other way to make money but to beat the markets, something that is very unlikely because as we know the majority of traders never make any money, so anyone day trading as their main profession is taking a huge risk.

[Savemore]

If you have day job and you are going to switch to become full time trader then don't do it. Trading requires a lot of time of studying and also a lot of experiences. Ask yourself if you can cover up your expenses through trading. Your money is at risks and increasing it through trading is not easy as you think.

[Rana590]

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

[Wexlike]

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

[mirakal]

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Not everyone are looking for fun, they look more on the profitability where they are comfortable doing it.

Trading with lack of knowledge is just going into a suicide mission and although they will risk a small amount, its still useless if they can't focus trading.
Actually, trading requires time and effort as you need to be fully updated of the recent news and analyze the price movement in order to make a good prediction, when you are too busy with your real life venture like if you have a job, you will not succeed in this and therefore long term trading is fit for you.

[Dr.Osh]

Trading is not for all the people. It is very risky for the beginners. There is chance to loss the capital too.

But it is fun with a small trading portion of your size. The market is volatile enough to make a few good scalp trades per month.

Not everyone are looking for fun, they look more on the profitability where they are comfortable doing it.

true, besides that very many people are looking for a profit through daily trading to meet their needs even though it's not worth it. besides, even though it's dangerous, and not everyone thinks this is fun.
However, even though trading is very risky for a beginner, but without trying it, a beginner can never be someone who is an expert. I think if you want to try it, try with a small nominal.

[sayaya17]

In fact, daily trading requires a lot of skill and time to always monitor the movement of coins, otherwise a trader will lose his assets. In my opinion, living from daily trading may be for some traders who are truly skilled and have large capital. But for daily traders with little capital, it seems difficult because they have to divide the profits between to cover losses and take it for their daily needs.

[suvo05]

Day trading is a big risk when you are doing it for a living. The crypto market is so unpredictable that one trader may keep continuing to lose money by taking wrong decisions.  And if living is associate totally with the trading then the trader is putting risk on his family in almost a single day. That could possibly disturb his mental health also.

[kapalmabur]

In fact, daily trading requires a lot of skill and time to always monitor the movement of coins, otherwise a trader will lose his assets. In my opinion, living from daily trading may be for some traders who are truly skilled and have large capital. But for daily traders with little capital, it seems difficult because they have to divide the profits between to cover losses and take it for their daily needs.

with just $ 100 a day you can get $ 1 if you are skilled, but some people prefer to play stocks rather than crypto currencies, because in the stock market the risk is not too big, but the benefits are also not too much