Is day trading is good in crypto market?

[Kelvinid]

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....

Not really that 99% unless if you are new and have no knowledge in trading but if you have skills and enough knowledge, it can't be that, and let say it is 50/50. Why say this because we only have two possible outputs in trading and either it is losing or gaining, and the result also depends on how you manage your trades.

We can say that whales are really making money here is probably because they owe the market, they can manipulate the market if they want and that certain thing catches those new in the market and fall into their trap. That is why if we are planning to go trading, we have to prepare ourselves in all the circumstances that might happen in the future.

[pankaj1234]

Day trading is good but you will not always get profit because no one can predict market his own way so some time you have to wait and patience for some days or some months so it is not not everytime you get profit. But for a very experienced trader he can do this day trading and get benefit from market.so you have to get experience and do some analysis before buying any Cryptocurrencies. In day trading for profit you have to be accurate and need some good money for good profit.
So day trading is good for very experienced trader.

[imstillthebest]

Day trading is good but you will not always get profit because no one can predict market his own way so some time you have to wait and patience for some days or some months so it is not not everytime you get profit. But for a very experienced trader he can do this day trading and get benefit from market.so you have to get experience and do some analysis before buying any Cryptocurrencies. In day trading for profit you have to be accurate and need some good money for good profit.
So day trading is good for very experienced trader.

yes there isnt such thing as unli profit  even on other business but there will be times of drought too  .

 no one can predict accurately but one can improve his prediction if he will use many trading tools or guides  . laslty this trading for profit is also possible even if you didnt have a really huge capital  but we can still build our small capital slowly  . experienced trader do suffer too  so we must not put our self down if ever we fail at some point   . 

[jerry0]

Anyone here have a journal of them doing it step by step listing every trade they do?

[Aaroenz0r]

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....

somewhat right and somewhat wrong in this view. Of course, people with more money will often have more power and choices that we have to follow. That's why people who have more money will get richer. We are small fish, we have to learn a lot to gain trading knowledge and we have to suffer losses at the beginning to gain experience. This financial market is very harsh but if you are used to it and experienced, you will make a lot of money. on Wall Street, there are lots of talented traders and you can see their extravagant lives.

[tvplus006]

...
For me, i usually take profit in average between 2-4 days, depending on how far you want to take profit. because I don't want to be in the market too long and too fast either...

It seems to me that this period of 2-4 days is the most suitable for trading. Although later looking at the chart you understand that you could have had a profit of 5 times more. But if in practice you try to catch all the Low and High during the day, you may end up losing.

[Taskford]

...
For me, i usually take profit in average between 2-4 days, depending on how far you want to take profit. because I don't want to be in the market too long and too fast either...

It seems to me that this period of 2-4 days is the most suitable for trading. Although later looking at the chart you understand that you could have had a profit of 5 times more. But if in practice you try to catch all the Low and High during the day, you may end up losing.

It's suitable for people who settled about that but actually on my side I always take the opportunity to take the profit whenever there's a opportunity anytime since I don't want to miss the opportunity if the price sudden dump that's I take it so that I will not miss the another opportunity if there's another good movement came out.

Don't be greedy since sometimes wee have expectation vs reality saying and it's so bad to lose the opportunity to earn, I don't want to baghold so I think smart about this.

[xandriel]

Cryptocurrencies market is highly volatile and as such it favour day traders more than any form of trading. everyday bitcoin move around above 400 dollars and if you are smart enough to know when it is changing direction then you should be in good profit.

The price of Bitcoin is constantly fluctuating and is truly unpredictable so you need to be more careful in investing. I think by all means you need to have confidence in the market and always set a reasonable price to buy because the current market situation is very unpredictable. Of course, it's not always fortunate to make a profit as the crypto market is easy to manipulate.

[Subbir]

If we will analyze the market well we will easily determine the worth of the currency of the crypto market Seeing is believing always to think positively. Day trading within the crypto market is certainly good. But you would like to understand the strategy to trade you've got to take a position in currency by watching the state of the market. Bitcoin currency investments are more profitable for long-term investments During day trading in crypto it's better to settle on a currency that's more profitable to trade.

[LbtalkL]

I don't think everyone will agree with me but the charts is not always correct. Maybe you think it will go up base on your technical analysis but it went down. There are some cases like that so market is really unpredictable. Doing day trading sometimes you lose and sometimes you earn I guess that is  how it works. Day traders have daily target profit, small percentage but profit is profit.

[bitgoldpanther1978]

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 more profitable if you are one of the expert one trader. But if not, it will be too risky to apply day trading, just a real talk
only. And based on my experienced day trading was helped me a lot in several times every time I do it in the actual trade platform.
But hold in a long term was definitely proven and tested if the token you hold is really have a potential of course.

[Ryker1]

Well, big and small-time investors face challenges in their everyday trading and that is taking the risk of losing in this field. Day trading perhaps may not be appropriate to newbies for professionals who are well experienced. And they already have the capability to forecast the flow though it may not accurate and will always come to the reality that makes their investment safer than newbies. Day trading may be good for a particular period of time, --but we can not rely on it for exchanges are unpredictable most of the time and that causes failure to many and would even lose everything. Before doing a day trading might as well try to observe a lot first and learn more strategies that may help you to win.

[FanEagle]

Personally I have tried to do day trade sometime in the past. But most of the trade I can not complete with profit. So I had to hold the trade for another day or week. Only very rear days I can make some profit from day trade.

That is no more day trading . If you start holding your trades then it is automatically converted into positional way of trading. Day trading as per its name implies, it should be closed within a day. Moreover, crypto markets are available all the 24 hours hence we cannot assume exactly when a day starts and ends.

But with stock trading, we are having very limited time for trading and within that time duration, we must close all our trades otherwise we must need to pay additional exchange fees. This is how day trading might have been derived out as one of method to trade. So, if you carry your position for more than 24 hours then literally you are doing short term trading. All short/long term trading are known for being profitable compared to day trading and it is again proved with your  experiences as well.

Day trading is more profitable these days coz the market is on its price correction process before halving.

If you notice, bitcoin markets usually trade with high volatility which provides enough room for skilled traders to profitably day trade. But, people slowly move to margin trading from day trading in sport markets, which adds another layers of complications in their trading and obviously ending up in crying out in this forum for wrong approaches.

[ScamViruS]

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....

I think those who trade wisely can make a profit from day trading. I have seen that many people make good profit by day trading. It all depends on your trading knowledge, whether you make a profit or a loss. A day trader has to keep an eye on many things in order to make profit. News, upcoming news, technical analysis etc. Those who can read the market properly can make profit, and those who trade without seeing anything will make a loss. The inexperienced always trade as they randomly, as a result, they face huge losses.

[mersal]

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 but you can't make profits in every completed trade that is the reason it is most risky method of trading cryptos and one who trade more profitable trades will end up generating income from trading it but one who have difficulties might face losses. Day trading is not profitable for whales because they are not involved in day trading so as a trader you have to increase your trading skills.

[el kaka22]

Depending on the day, day trading could be a lot of fun and a great way to make money, it is not really that easy to make day trading your job, it requires a lot of capital and a lot of constant stream of income as well. So, you have yourself a job that you have to put a lot of money into, which I think is normal for every job that you start, and there are times you make money but there are a lot of days where you do not neither, which is like revenue for companies as well.

So, being a day trader in crypto is not like a "job" you would have but more like a company you create, basically you own your own company by being a day trader and the only person you hired is yourself so that company profits depends on how you do in the trading as well.

[Dr.Osh]

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.

[Yaunfitda]

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.

Again, it still boils down as how you handle the risk here. If you are a gambling type trader, then day trading might fit your agenda as you love the high volatility and the rewards that goes with it.

But there are also these kind of traders, you just love to buy in dips and then hold. There are predictions that BTC be $100k, sounds crazy right? But for those traders/holders, they are going to wait for that day and not wanting to day trade because they can't handle it.

[Distinctin]

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.

Again, it still boils down as how you handle the risk here. If you are a gambling type trader, then day trading might fit your agenda as you love the high volatility and the rewards that goes with it.

But there are also these kind of traders, you just love to buy in dips and then hold. There are predictions that BTC be $100k, sounds crazy right? But for those traders/holders, they are going to wait for that day and not wanting to day trade because they can't handle it.

Some people had carried out the risk but some also don't. Imagining the risk in crypto trading, no wonder why some couldn't make it possible to run. Such wisest thing a certain trader must have to do is to oversee each market change. Taking advantage in buying when the dips had come is one strategy that we shouldn't have to ignore. If you miss this thing, you're also losing the chance.

One behavior that a trader must have to acquire is to have a strong heart, must immune to any market changes. We don't need to be optimistic coz sometime it also brings you in great danger.

[minairia3]

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.

Maybe yes for you guys that dont have much experience but for other people that knows what exactly what they are doing, then this is just an easy pie for them. I know day trading is very risky. You cant expect the market to follow on what you understand on the market. Basically this is just all guide and every pattern is not that accurate. But for experience they also add some confidence when they do trading analysis and thats how they gain profits.

I am not a high risk trader but somehow I may able to gain some profits too also have some loses. There is no way traders always win on the market and thats totally normal.