How about day trading Eth?

[puremage111]

For people who don't leverage
If you had a huge bag or huge stack of cash
Day trading or swing trade ETH definitely can make you good money especially if you are a long term ETH holder

Why?
Because you can always Dollar Cost while accumulating, yet swing trade for some quick profit
It is definitely a quite solid way to make profit

[1714949343]

1714949343

[1714949343]

1714949343

[1714949343]

1714949343

[koang]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

$15 to $20, It's a good profit for day trading. You make it sound so easy

Day trading is not an effort that we can do while doing other activities.
Day traders should develop systems and spend most of their time monitoring the market in as much detail as possible to find signals that it is time to buy or sell.
It takes a lot of time, skill, and expertise to do.
In other words, day trading is only suitable for professional traders
and is not recommended for beginners
And a little advice from me, when doing day trading make sure that you will never do "chase losses".

Btw, Day trading is not suitable for me, I prefer long term trading

[imstillthebest]

wow i never knew that eth fluctuate much as btc that it can be also good to use it for trades but is it really ? because i feel that it isnt.  for regular trades maybe but not for daily trading because all i can see in eth is its stability . arbitrage trade can also be more possible because you arent going to depend on the fluctuation of the coin but your basing on the price of eth on different exchange sites . before btc was also discuss for trading but thats not wierd to hear that and btc also works best on day trading because of its high fluctuations but altcoins are really best for any kinds of trades

[kentrolla]

market trend is unknown at the moment. you can do it only in bull market. you can buy from lower high and sell at higher high. but in bear it is extremely dangerous, since there is n exact dip point.

It's possible mate I did few analysis and worked on it, when a coin is unstable the market continues to fluctuate you can definitely make profit I mean small profits but this purely depends on the coin, doesn't matter it is bearish or bullish just follow the trend and have a try.

[trauchot]

I also tried day trading from time to time and I started day trading with Ethereum and sometimes it turned out to get a good profit, and sometimes the day closed with loses and therefore after a while I stopped receiving profit from day trading, because it takes a lot of time and you constantly need to monitor the cryptocurrency market, so I would not recommend this option to get a profit.

[Princejebs]

Ethereum is good coin for trading and making some cool cash especially now that Eth2.0 launch isn't far. Trading works for some people and for some, it end in depression. I have tried but it never work out pretty well due to the last pandemic market sell off.
There are some things I learn in trading which are basics to be a successful trader, it encompasses:

• Know your Support and resistance
• Stop limit is very important, most trader over look this and end up in loss
• Take profit while you can: Jut as you have said that it's easier to make $10-$15 on small margin. Don't down look profits.
• Greediness is bad in every business.

[mirgo1791]

with customs on strategics, pupils might gains of return according to the trading plan as the use on reference as managing news on confirmation helps with the chance on winning as complying with tasks on jobs with the arbitrage trading.

[Dondeon]

If you have enough capital to trade, you can trade so many pairs of cryptocurrency that will bring good returns on daily basis. Eth is actually a good choice to trade when their is so much flunctuations in the market. If you are good at it you can make good profit for  yourself.

[QueenVera]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$.

So how much where you supposed to risk to gain just $15-$20 you speak off, That'll be around $380, I try to avoid trying to day trade ethereum as there is so many things that can go wrong. Ethereum is the king of all alts and when bitcoin moon it dumps other cryptocurrency which ethereum is a part of. The market has been all focus on bitcoin which should be the most preferable coin to trade now. Its dominance is increasing showing a strong support for the currency unlike that yif altcoin market that's falling.

[robattfield]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

Be careful with your trading style, do not have knowledge of trading, go to learn it to have a clear view of this market as well as make judgment about the price. I have a few friends who have just started trading, but after a while I heard them share their profits from trading, my friend started complaining about the 'losses'.

[TopT3ns]

currently the market is good for trading, especially ETH, I also take advantage of moments like this to trade ETH on binance futures using 75x and get quick profit reading charts and moment opportunities, but besides that for beginners, don't ever try this because usually it takes a lot of things learned to try to trade like this, it looks like it's good to enter the trade until the end of this year

Trading futures using such a method will only make our hearts beat fast because it is certain that the price movement will be very fast when we guess wrong, it will make us lose instantly, if you want to apply daily futures trading on ethereum, then I think using Leverage x10 is already very good enough to make a profit and minimize risk.

[masphie]

Yes of course Buy low and sell high.
But, not everyone understands about trading.
I think we must understand the movement of the candle before actually entering the world of trading.

[Eternad]

currently the market is good for trading, especially ETH, I also take advantage of moments like this to trade ETH on binance futures using 75x and get quick profit reading charts and moment opportunities, but besides that for beginners, don't ever try this because usually it takes a lot of things learned to try to trade like this, it looks like it's good to enter the trade until the end of this year

It's good to trade ETH when we already know how to set points where to trade and if we will be able to monitor it throughly, however setting strategy is way too hard if we don't know yet what strategy works on us well. As we learn from experience trading will be easy and it's better to do it via know top altcoins first like ETH or BTC for safer transactions unlike trading it with new altcoins which is way too risky.

[darewaller]

Day trading doesn't really pick and choose which coin you want to day trade, there is nothing wrong with day trading ETH, or day trading BTC or basically day trading any coin out there ever, this is not really just one coin deal, you can day trade anything you want. Hell if you are so hellbent on day trading something weird, you could day trade collectibles in crypto now, buy a cat and sell a cat if you want, all possible (talking about cryptokitty not real ones). So long story short, day trading ETH is certainly a real deal, you could do that, and if you want to trade it to btc you can do that but since eth is second ranked and huge you could do it directly with usdt as well, add the fact that it has been 400 and back to 400 and back just in 10 day span, it is volatile enough to profit as well.

[illnino]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

Gosh, you simple managed to trade during the time, when Ethereum jumped. It will not happen all the time, ETH price has a low volatility now. I am not sure that Ether is the best altcoin for day trading choose some other cryptocurrency better.

[fadhilz123]

Ethereum price movements are so fast, that's why we can earn a good amount of profits there, but because Ethereum price is expensive of course must using huge funds, so for people like me which only using small funds choosing Ethereum as day trading is not worth it. For me, only coins which have price below $1 is worth it

[MWesterweele]

Day trading is quite good because if you are at your work or job, you can do it during your free time. It can also be a great sideline or extra source of income for you most especially if you have a lot of monthly expenses to pay and a family to feed. Day trading is a big help for me because I am just a student only and through day trading I can support my studies with my own money.

[bttmember]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

It is not about Eth or any single coin but day trading any financial market is a challenging task especially if you do not use stop loss and take profit features you can easily get trapped with all your money hanging in few open trades that are in loss. So without proper strategy you will not be able to make anything out of day trading.

[batang_bitcoin]

How much the capital you had for that trade? in every possible cryptocurrency, you can have your day trading.
As long as the coin is not a stable coin, you can do day trading on it. But it does requires patience and most of the time, if you don't have it, you will lose your trades. Congratulations for making a profit with your try.

Let me guess base on what he earn daily I think his capital is around 100-300$ to earn that amount daily.

Maybe that's his amount or can even be higher. He hasn't replied yet or maybe he just missed that question. I'm interested to know how much the capital he used to start and make himself earn $20. It's not easy but it's really possible to earn that amount if you're well in trading.
I hope that we can get an answer from op.  

[princerepon]

I just tried day trading in eth and the price fluctuations which happens continuously is something where we can make profit in daily basis, guys from today morning to evening I could have earned nearly 15 to 20$. Buying low and selling in a reasonable profit, again when it comes to my price I use to buy and sell for a reasonable margin this will work only if there's continuously fluctuation, just have a try and make daily profit.

In my opinion day trading is quite risky for new or irregular traders. And about ETH day trading, i think ETH pumping from past 24 hours because of Vitalic tweets which about ETH2 Genesis Block Time. That's why many people thinking ETH might be go up till couple of days. In bull run day trading is a good option but as usual time i love to choose short time trade.