Is day trading is good in crypto market?

[Subbir]

I accept as true with you that if we stop coming to trade and obtain frustrated it'll have a negative effect on the trade Long-term trading and day trading won't be possible. That's why you would like to research the market well before trading and do not let it come the increase and fall of the crypto market have caused prices to rise and fall No wonder there's such a lot good in day trading within the crypto market Avoid the danger and always move forward. Day trading is currently very profitable thanks to the increase in the value of the crypto market.

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[Kunnu]

I believe only experienced and wealthy traders prefer day trading because they can afford loss and understands that how to recover it and the most important thing they always trade with effective strategies to make profit and the other side an average or new trader may face loss in day trading because they probably have lack of necessary experience about day trading so it can be risky choice for them to involve in day trading.

[maydna]

Yeah i agree with you and i do not think that day trading is profitable in crypto market like it is in high volume forex and commodity market, it will still take some time for crypto market to mature and its volume should surge to trillions before day trading would be advisable in the crypto market.

the best trade is to be patient. I feel that. however, I think daily trading is carried out by those who want to continue to produce assets every day. however, with these conditions, it seems like the risk to trade every day is quite risky compared to the long run.

Yes, patience will be the important thing in trading because the market will not move fast, but if the market can move fast, then we need to use the time to buy or sell the coin. There will be a time for the market to move quickly, and usually, it will not happen many times. We need to be ready in any conditions for that because if we miss that chance, we need to wait for some time. If you can analyze the market, I think you can do day trading because of this condition is useful to search for the profit but still, you need to be careful because the dump can happen anytime.

[Kasabus]

I believe only experienced and wealthy traders prefer day trading because they can afford loss and understands that how to recover it and the most important thing they always trade with effective strategies to make profit and the other side an average or new trader may face loss in day trading because they probably have lack of necessary experience about day trading so it can be risky choice for them to involve in day trading.

Experience really count the most particularly in day trading. Yes it's more risky than any other types of trading but the result is worth rewarding and is more profitable. While normal traders prefer long term holding to avoid losses, experienced traders too prefer on day trading because it's where they can make huge returns unlike by simply holding. Losses do really happen not just in day traders but even in long term traders too.

[Spaffin]

today I do not have enough experience to have good results from day trading, but nevertheless I see the enormous potential of my activity, although for this I need to spend a lot of my time.  it’s very difficult for a beginner to study charts in order to place suitable orders and it is very important to learn how to use stop loss in order to minimize your losses.  I also work with minimal starting capital on the Binance exchange and use scalping strategies.  For trading, I chose a Cardano coin and almost constantly monitor the change in the rate in order to place the correct buy or sell order on time.  Of course, in parallel, I also do other work using a computer, so as not to spend all my free time just trading.  The only negative in my activity is that you have to sit near the monitor constantly.

[tvplus006]

Yeah i agree with you and i do not think that day trading is profitable in crypto market like it is in high volume forex and commodity market, it will still take some time for crypto market to mature and its volume should surge to trillions before day trading would be advisable in the crypto market.

the best trade is to be patient. I feel that. however, I think daily trading is carried out by those who want to continue to produce assets every day. however, with these conditions, it seems like the risk to trade every day is quite risky compared to the long run.

Sometimes you need to switch from trading during the day to medium-term trading. This is very easy to do, you just need to wait until the price turns in the other direction. And instead of getting a loss, you can get a profit the next day. The main thing is not to change the trend.

[Savemore]

It is really depends on the perspective of a trader, we have different strengths and weaknesses so our skills are different to each other. Day trading is not working for me well because of my time where I have work to day, I'm a swing trader because that is suitable to my skills and also to my risk appetite. Find first if day trading is suitable to you then if it is good, try to forward testing with risk management in order for you to handle different scenarios.

[MCobian]

In my opinion day trading is very profitable, but you should be able to choose the right coins and also be able to predict price movements
in the market. If suffer a loss, I also experience it. In day trading there must be a loss,  not always profit. The most important thing is the
amount of profit obtained must be greater than the losses that we experience. It's true that whales do a lot day trading, but not always profit.
Sometimes whales also suffer losses.

[cytpoway121]

Day trading is a very good way to trade, and it ofcourse works perfectly if the supposed person is disciplined and well trained.
Most day traders target 5% - 10% profits daily, and it is slashed into 5 to 10 phases of 2% profit per trade or 1% per trade over the 24 hours span.

To do this, you need to know yourself, understand your emotions, be able to read market emotions and quick in decision making.

[Yamifoud]

Whales have that advantage over us and the market as well. Trading needs money, and money talks as well. This is the way whales can't be outsourced and manipulating the market(as people claims) they certainly making more profit compared to casual traders.
And if you have just of limited resources, ain't day trading is good for you but rather to change it into short-term or long-term trade.

[Twentyonepaylots]

In my opinion day trading is very profitable, but you should be able to choose the right coins and also be able to predict price movements
in the market. If suffer a loss, I also experience it. In day trading there must be a loss,  not always profit. The most important thing is the
amount of profit obtained must be greater than the losses that we experience. It's true that whales do a lot day trading, but not always profit.
Sometimes whales also suffer losses.

In day trading I advise just to trade the top 10 coins listed in the market, the most valuable and high volume ones since that is where your profit is coming from, prediction would be meaningless if it just about 1% to 3%, you can't get any thing with that. Whales do have the best advantage on day trading since they are impacting very well in the market, they could just easily set a trap for small traders and they end up losing.
But imma say day trading has more risk than just a normal trading practice.

[rexxarofmoknathal]

Haven't heard anybody say whether there's a sweet-spot for trading, as such I think it doesn't make a difference. Day trading isn't the problem but what may be is the experience and knowledge you have about trading itself. If you can read the market trends and predict it then day trading should be as successful as trading at any other time

It really all boils down to how much you know about trading or how serious you're about learning the technique

[coinfinger]

What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....

In day trading you have to be able to predict the price of the coin you're trading. It takes a lot of hard work to be good at trading, it's not easy work and it takes time to get perfect. Another thing is that you have to be able to tolerate the loss and also have enough to finance your trade.

If you don't have enough money then I wouldn't advise you to be a trader, it's best to look for something else to do until you have more than enough capital to become a trader. And while you are trying to raise money, it's best you also use that time to keep learning about trading till you're ready. When it comes to trading, the number of people that lose their money is more than those that make profit.

[tvplus006]

After this halving time, market will take correction. But now day trading is profitable at least for next 2-3 months. Everything is on dependable on market conditions, whatever is it day trading or ICO investment. I know so many traders whom earn good money in good market but lose in same coin in bad situation.

Day trading will be profitable as long as there is volatility in the market. And the closer we get to halving, the more volatile it becomes. This is the best time to trade, when the price of bitcoin for 1 day changes by 10%. But at this time, compliance with risk management is an important condition.

[KnightElite]

In terms of profitability, I think its depend on the person who trade in the market. If you are people about day trading, most of their answers will be seems it is pretty easy but in reality it is not easy. Understanding the price, the candlestick and even the trend takes a time. There are also many factors especially in day trading because of the high risks, I do day trade with average leverage which is 10% and for me yes it is profitable but losses are inevitable and we should be aware of it.

Choosing what kind of time frame is also important when do day trading and also we should identify what kind of scalpers are we. Are we the one who mostly using short positions or are we the one who usually using long positions. The timeframe that we are using also have factor on what kind of setup that we are going to use.

[celot]

Every day is good for trading but if you want get much profit every trade you have try future trading, although cryptocurrency red or green you can take profit depend how lucky when analyze with exchange market coin have higher or lower price.

[jrrsparkles]

What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....

Day trading is profitable as long as the price of cryptos are moving in sideways since you can use the market movement and predict the prices and make profits accordingly but when there is bullish of bearish then its better to stop day trading.

[ethereumhunter]

After this halving time, market will take correction. But now day trading is profitable at least for next 2-3 months. Everything is on dependable on market conditions, whatever is it day trading or ICO investment. I know so many traders whom earn good money in good market but lose in same coin in bad situation.

Day trading will be profitable as long as there is volatility in the market. And the closer we get to halving, the more volatile it becomes. This is the best time to trade, when the price of bitcoin for 1 day changes by 10%. But at this time, compliance with risk management is an important condition.

Yes, I agree with you, especially if the market can move like this few weeks. We can expect to make a profit from bitcoin pair usdt, but it is difficult to make a profit from altcoin pair bitcoin or usdt unless the altcoin can move like bitcoin. The risk management should be our concern so we can prevent the loss, and we can stay focus on the market.

Hi guys!

I have a little exp. in trading but basically I'm a newbie.

If I get you right you all saying that night trading is better than day trading?
Why? I don't get it...

Hm, I guess not really. You can trade in night or day depend on how good the market moves. If in the day, the market can have volatility, then I guess that you can have a chance to buy low and sell high. But that will depend on what coin you choose to trade because not all coins can move or have volatility so you can buy and sell of that coin.

[fullhdpixel]

What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....

Day trading means you are expecting high volatility and that is exactly what crypto offers so yeah day trading is worth with crypto because you might be doubling your money in a week or it might also down by to half so you just have to follow a pattern and profit with it.

I mean if you see the price dropping let it drop and once it starts getting up, just buy some and I have hardly ever seen anti-climatic drop which means when its increasing it will just keep rising until a certain value and once it drops it will just keep dropping. I tried price trading for some weeks and it was pretty good (I did with Binance and they even gave me 3x leverage so that helped) but the problem is, you need to be online all day and notice patters because automatic trades don't help, that is my experience.

[Teawhalee]

Day trading is good and capital matters alot. The advantage is that it won't make you greedy , you will always be satisfied with little profit. Ant day trader needs to be careful when picking coins to trade. Trade coins that you can hold if things don't go the way you want or you better cut your losses early and move on if you don't want to hold.