Anyone out there doing money by trading? How?

[AakZaki]

why do you have a statement that long term trading is not profitable? even though long-term trading is an investment that in my opinion is quite safe and more profitable if we hold assets that really have potential in the future, such as holding bitcoin for the next few years. many have successfully traded crypto, and some of my friends have also started their careers as novice traders and have until now become quite successful professional traders. It seems you still have few crypto trading oriented friends.

[1715177926]

1715177926

[1715177926]

1715177926

[1715177926]

1715177926

[1715177926]

1715177926

[palle11]

You are sounding really fearful and lost of hope to make out a niche for yourself in trading. Always remember that nothing comes easy. Even if you want to eat, it takes an effort from you to put the food into your mouth. So you see it involves hard work in everything we do if we want to succeed. Keep trying but if you are not passionate about trading then peacefully quit and look for something else but be assured there is no easy life.

[passwordnow]

if you can wait and sell it only when the prices are up then it is not trading, it is more investing.
If I am correct trading has certain short time frames. It could be a day or a few days. But not months and years.

Technically, that's still trading. If you search for the meaning of trading then that's still the same as what you've given as an example. And what you're saying about the short period of time trades, it is a type of trade. There goes the long-term type of trading which is also said to be investing and there goes what you are understanding which is short-term trading. As long as you buy and sell, there's the trade that happens, so by definition, that's trading.

[Rigon]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

OP you said long term investing is not profitable. I would definitely say long term investment is profitable. But of course long-term investment should be profitable large-scale coin investment. If you can invest in bitcoins and hold it for long term, you will definitely be profitable. Many people are running their family life by trading. I used to trade at one time too, I rarely lost from the trading platform. Currently I have put trading on a hiatus due to huge loss from my investment. Once I recover I will go back to the trading platform.

[tvplus006]

If you have not seen traders who trade with profit, then you need to refer to the Binance rating page https://www.binance.com/en/futures-activity/leaderboard Similar ratings exist on almost all cryptocurrency exchanges and you can become one of the leaders when your trading is as successful.

this is interesting list! never seen it before. Even more interesting is that those who are leaders of trading also in red! Many of them have negative total ROI.

I have looked through all the rating pages and have not found a trader who has a negative total ROI. Post here a screenshot of a trader who is included in this rating and has a negative total ROI. This is a rating and if you have a negative total ROI, then you will not be able to get into it.

[a298b112]

If you have not seen traders who trade with profit, then you need to refer to the Binance rating page https://www.binance.com/en/futures-activity/leaderboard Similar ratings exist on almost all cryptocurrency exchanges and you can become one of the leaders when your trading is as successful.

this is interesting list! never seen it before. Even more interesting is that those who are leaders of trading also in red! Many of them have negative total ROI.

I have looked through all the rating pages and have not found a trader who has a negative total ROI. Post here a screenshot of a trader who is included in this rating and has a negative total ROI. This is a rating and if you have a negative total ROI, then you will not be able to get into it.

This one for example: https://www.binance.com/en/futures-activity/leaderboard/user?encryptedUid=BAB8960FE8CCE6B8BFBF357BFDBAF117
I mean I might be wrong reading the data, however, I see that his Total ROI is -6.57% and Total PNL (USD) -175,183.33

[Tony116]

If you are asking is there anyone who is successful in trading and they consider trading as their primary source of income? I can say that, yes, there are many. But to do that, they also spent a lot of time studying and training and also lost a lot of money in the past. Everything needs trade-offs to achieve, it's not easy to do in a few days or a year or two, it's a very long and arduous process.

As a newbie, you need another source of income, not just trading, because trading is not always profitable for us. Only consider it the primary source of income when you have enough experience and are sure of your earning ability.

[tvplus006]

This one for example: https://www.binance.com/en/futures-activity/leaderboard/user?encryptedUid=BAB8960FE8CCE6B8BFBF357BFDBAF117
I mean I might be wrong reading the data, however, I see that his Total ROI is -6.57% and Total PNL (USD) -175,183.33

The rating indicating "TopTraders By Weekly ROI" does not fully reflect the trading success of one or another trader, indicating only that he has been trading with profit over the past week. It is in this rating that the user you specified got. More objective data is presented in the "Featured Traders" rating, which is based on Total ROI.

[swogerino]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

From my personal experience if you want to almost daily trade like a lot of my colleagues do let me tell you straight away that no one of them is profitable and that for the simple reason that I believe trading if done daily is the same as gambling because you have no real way how to measure things in just a day or a couple of days.

I have only won when I have bought/mined the coins let's say in 2018-2019 and sold them in February 2021 for 60.000 dollars for a Bitcoin while when I mined them as I didn't bought any it was the price of 2000-3000 dollars for a Bitcoin so even if I bought there,it would have be a huge profit in 2021,that is the only case when trading is profitable,only when you are in for the long term.

[bitzizzix]

Crypto trading can be both very profitable and very detrimental, and what you should know is that crypto assets are known for their high volatility and price fluctuations.
Coming back to the question is crypto trading profitable? The answer is Yes with exceptions, and the exception is that we can make a profit in crypto if we are good at managing existing risks with psychological management, good money management, and with a very reliable understanding of crypto trading knowledge.
and correct and profitable trading is when the market is bullish, and vice versa when the market is bearish in my opinion it is difficult to get profit. And while it can be, maybe only marginally profitable, it also depends on how much capital you have and also your skills in trading when the market is bearish.

[taufik123]

From my personal experience if you want to almost daily trade like a lot of my colleagues do let me tell you straight away that no one of them is profitable and that for the simple reason that I believe trading if done daily is the same as gambling because you have no real way how to measure things in just a day or a couple of days.
-snip-

Trading every day may use the scalping method which is widely used by fast traders, but has a higher risk and the capital used is also large enough to take profits little by little and do it quickly. If you don't have good analytical knowledge, it is not recommended because the trading process will be faster, using a Time Frame under 5m.

I recommend it for casual trading, not too fast and not too long. Mid-term will be more humane so there is time to do an analysis and determine the right strategy for trading.

-snip-
and correct and profitable trading is when the market is bullish, and vice versa when the market is bearish in my opinion it is difficult to get profit. And while it can be, maybe only marginally profitable, it also depends on how much capital you have and also your skills in trading when the market is bearish.

When the market is bullish and volume starts to increase, trades will be more comfortable and executed faster because market movements are more active.
and if the market is bearish it is indeed quite dangerous to force trades.

But that applies to Spot trading, while for Futures trading, bullish or bearish both can produce profits by trading both ways, but with greater risk of course.

[el kaka22]

I haven't in a while, but I remember 2018 and what I did and I can easily say that you could still make a profit during this period as well. All you have to do is understand the volatility of it and the ups and downs and find the price ranges between support and resistance lines and how it acts.

Usually the bear market is a long one and that means price may drop time to time by a huge percent and that would be terrible for you, but aside from that it could go up a few points high and a few points down most weeks. If you could buy from the low end and sell at high end and keep doing that many times, even those few points could result with a good profit in the long run.

[Zilon]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable.

I will like to know how long you have been in the learning process and what your expectations was while you are learning. When it comes to learning how to trading having the right mindset matters a lot. It is this mindset that makes out strategies seem as though they are the best. Don't forget losses is part of the business.

I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Coming to a conclusion so quick is an indication that you never had time to nuture your strategy and maybe you had the mindset of trading been a get rich quick scheme. I still trade till date and my goal is to slowly improve on my strategies. Generally a successful trader is always refered to those who pull thousands of dollar from the market but that is not it. If as a trader you are able to maintain series of clean trades no matter how small your profit seems you are successful. The goal is to stay bullish no matter the trend.

[stomachgrowls]

This one for example: https://www.binance.com/en/futures-activity/leaderboard/user?encryptedUid=BAB8960FE8CCE6B8BFBF357BFDBAF117
I mean I might be wrong reading the data, however, I see that his Total ROI is -6.57% and Total PNL (USD) -175,183.33

The rating indicating "TopTraders By Weekly ROI" does not fully reflect the trading success of one or another trader, indicating only that he has been trading with profit over the past week. It is in this rating that the user you specified got. More objective data is presented in the "Featured Traders" rating, which is based on Total ROI.

This is why you should really be careful on trying out to check out those Data because there's really a huge difference when it comes to duration or time scale which either would really be just good for a week time
but in overall when it comes to Total ROI which i could say that it is really that a good thing for you to look upon.This would be significantly shows on how a certain trader been doing.
Pretty much sure that there are people who do make money on trading and this is why we do see this huge community of traders because we are aiming on the same
target or goal which is to make money.How? Those are just that common and basic buy and sell thing.

[The Cryptovator]

Yes, it's difficult to find someone who has made so much money from trading that he can enjoy a comfortable lifestyle. This is due to the fact that the majority of traders are small traders. And we don't have a lot of experience with market movements. Whales or big traders are clearly winning. Because when you sell, someone is buying on the other end, and vice versa when you buy. So someone on the other end is either losing or winning. For me, I've lost and won numerous times. So I can say that I am profitable. However, I am not a day trader. I hold for a short or medium period of time. I sell my holding when I make a good profit.

[Viscore]

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

No one would want to trade without wanting profits in return, as there are a lot of successful traders but chose to be silent and stay low key despite of their huge wins or profits. Those are obviously doing trading to earn a living, regardless if its main source or not. As long as you have great strategies and skills in trading, trading will always be working and profitable in the long run.

[goaldigger]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

A trader who are making huge profit will never expose it, not unless you have to do that to attract possible trader to follow your strategy which they started their side hassle on sharing it and guiding people on how to trade as well. I know someone who are making good profit, and also know his losses which I can say is not that huge when you compare it to his losses. Trading is not consistent, there are times that you might have a bad trades or the market didn’t go according to your analysis, and to survive on that it will take another analysis, traders have to anticipate it by setting their cut loss price.

[Russlenat]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

If you are looking for successful traders who will claim that they have been into huge returns, I guess you will fail on that. Trading involves money, so that means traders will never risk theirselves to put their lives into danger by claiming that they have been doing great in trading, as they can be a target of scammers anytime. But yes, they really exist, but they are more silent when doing trading and stay low profile to hide their wealth.

[Ryker1]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

This proved that trading is not for everyone, trading is a serious way of making money --you need to spend time if you are especially in day trading which is acquired strategies and skills. Doing money in trading is not that easy and as you can see, no one will survive and most of them prefer long-term investment to day trading.
If there is anyone else, I think they will not expose their strategies and anyone claiming themselves as an expert in trading is not true.
When the market price is at a bearish situation it is really hard to have ROI in trading --not unless we are in the bullish trend which is I think everyone gets their profit, so I think long-term holding is more profitable than doing day trading.

[Kasabus]

Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Myself. It's just that personally, I don't do daytrading. My trades span at least a week, to months. As for how you do it, you just need a decent strategy and a lot of reading of documents, and a lot of browsing on Twitter.

I am not really good in trading but I have also not been losing that bad when trading. Because as long as we trade using our decent and working strategies and keeps on improving our knowledge and skills in trading, we can expect to come up with successful trading later on. Of course, there are still inevitable losses and but at least we were able to maximize our profits too.