Anyone out there doing money by trading? How?

[Ziskinberg]

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.

It was not for everyone because not all were able to understand the market volatility and even losing a few bucks, they easily just quit then and blame the market. Because the usual thinking that people come into trading is to easily earn a profit but unfortunately, it never works like that as it needs hard work and persistence in order to succeed. I see that many traders are having difficulties in trading and those who keep their faith and pushed themselves to the limit will surely get the highest rewards.

[1714203047]

1714203047

[1714203047]

1714203047

[1714203047]

1714203047

[AicecreaME]

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?

It seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone.

[Yamifoud]

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

I thought the more you learn, the more you know that trading is profitable but I was wrong, and I think also that this is not for you OP.

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?

I believe in rumors, not news, and the ads we've seen on the internet but I was certain that many traders have a decent income from trading. Yes, not all went well, and not all survive (just like you) but there are a few traders who successfully win their emotions and reach their goal. But as I see into your story, it was hopeless as you already think that you fail in trading.

[ShowOff]

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.

You are still said to be a trader because you are actively trading your assets regardless of the time frame "eg 1-7 days". I think it just depends on how you set up your trading strategy, but if you are waiting 1 year to take profit then it is the right time frame as an investment.

Sometimes you need time to profit from trading, so you need to wait for the price to rise to your desired target. It is also trading, not investing.

[Cling18]

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?

The secret to become successful in trading is to outwit other trader on your. It’s either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself.

No one can give you an exact formula to win because winning on trading means someone is losing. There’s no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error.

Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.

[xSkylarx]

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?

The secret to become successful in trading is to outwit other trader on your. It’s either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself.

No one can give you an exact formula to win because winning on trading means someone is losing. There’s no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error.

Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.

It wont never be trading like gambling unless you trade and you dont know at all and just waiting for luck to struck you. Gambling is mostly luck even if you have strategy still your percentage of winning is still low. In trading that is why you keep learning its because you want to predict your market. It need skills not luck, but there are still people that are doing trading in gamble style but it isn't profitable in the long run

[tvplus006]

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. ..

Everyone knows that only a small percentage of traders trade with profit, the rest either lose their deposit completely or partially. Therefore, there must be those in the market who do not know how to trade, and who will definitely lose their money just so that a small part of traders will make a profit.

[sana54210]

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?

It seems that you still need to learn a lot before jumping to conclusions and say trading cryptocurrency is not profitable. I know a lot of people who are making huge amount of money in trading, and they are amazing because of their long term experience in trading. It sounds bitterness when you said "trading in the long run is not profitable", not because you can't make money on it doesn't mean it's not profitable for everyone.

That's right, just because I may not, doesn't matters others won't either. I could make a lot of money while you could lose a lot, I could make a lot with you, or we could both lose. It's just something about the period and there are a lot of people who are trading and making huge amounts of profit right now.

We need to learn how to be like them, but if we do not want to that's fine as well. Some of the richest people I know in the crypto world are people who just bought and hold good coins, mainly bitcoin. I had a friend who had ETH when it was 9 dollars or something, still holds to this day, says he will never sell. So, it's important to find your place, and if you are happy there, that's fine, if not, go search for it.

[samcrypto]

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?

You can only say this if you are already a long term trader who experienced a lot of troubles with your trades. I’ve been trading for years now and I can say that my total profit for a year is quiet not big but good enough to meet my target. Have your yearly target, assess if your trading strategy is good or something is bad with your approach, trading should be profitable so don’t let any losses to stop you from doing better.

[Peanutswar]

There are alot of people who already make a lot of gains because of trading and of course, they make a lot of time investment too before being in the situation with them right now of having winning trades, it consumes alot of time, money and emotional investment with this because it's all about the battle of experience, knowledge and emotions in executing a trade, I suggest to invest first with your fundamaneltas in trading and seek for the strategies so you can adopt or make your own technique to wins your trades. Always makes your own decision and do not wait for the signals of other people.

[beerlover]

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.

It's not about "is there someone out there you don't know about", it's about are you one of them, and if you are one of them then how did you do it. We can guess that there is at least one person, probably dozens even hundreds of people who make a profit from trading daily, but we do not know them.

If we knew how they do it, like if that person explained to us how they can make that happen, then we would learn and do the same. I personally do not make enough from trading to consider it a full-time gig, I do not make enough to consider it even a part-time gig. So I can't answer this question, but if there is someone who does, with proof of course, it would be great to explain it.

[Lida93]

I don't need to prove to anyone or make it public about profits I make through cryto trade and I believe it's same for every wise crypto trader for the sake of your security as you could make yourself a point of target to hackers and non-well meaning people around you through your public show.
It's better to lay low perhaps announcing your failures on trades much often than your successes. There are lots of crypto traders out there doing very well with profits and we don't need to loud it so OP go do your analysis well and come back with forensics to your claim.

[barbara44]

It's not about "is there someone out there you don't know about", it's about are you one of them, and if you are one of them then how did you do it. We can guess that there is at least one person, probably dozens even hundreds of people who make a profit from trading daily, but we do not know them.

If we knew how they do it, like if that person explained to us how they can make that happen, then we would learn and do the same. I personally do not make enough from trading to consider it a full-time gig, I do not make enough to consider it even a part-time gig. So I can't answer this question, but if there is someone who does, with proof of course, it would be great to explain it.

I think both questions are still the same. When he said "is there anyone" it's already understood that we are included on it. I don't think there are hundreds or thousands of people who can be able to rely on trading and make it as their primary source of income but there are a good number of them who can be able to pull off a profit even at most times.

Losses are there and they are aware of it, that is why they only treat it as a side hustle. Someone could share their trading strategies here and then we might attempt to follow it but we should keep in mind that things can still occur differently. One thing that is responsible for it can be luck.

[Mpamaegbu]

Here is how you to make money trading.

Open 2 accounts, one in each exchange.

Open a long position in one, and a short position in the other. Make a video of both.

The one that you made money (no matter which one) make an online course about trading showing your video. Then sell it in Twitter/Instagram or any other social network to teach people how to trade 

I see so many "traders" selling courses. They are the ones making money.

Funny, indeed. However, despite how sad this is; there are people who cash out through that process. This is why I find it difficult believing that those who sell signals on Telegram are genuine traders. They're mere signal marketers who prey on the naivety of lazy traders to enrich themselves. Genuine traders are not likely to have much time on their hands to be dishing signals while they're on trades.

OP, don't let the losses of those you know discourage you from believing there are profitable traders around who live solely on trading. They may be infinitesimal but surely they're there.

[SirLancelot]

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?

Well, I agree that it's hard to find people who are able to make money consistently in the long run by crypto trading but I do know some personally who have done it and are doing it quite successfully. I tell you a secret today, those who are actually making money by trading will never say so because they know they are making money and they don't need to sell the idea or seek others approval.

Trading is just like any other money making idea, you need to apply yourself and actually learn the strategies, tools, etc and practice them with smaller amounts. With any profession you need a degree and years of knowledge similarly with trading if you have to actually make money you will have to take it seriously and learn about it in depth. People trying to learn trading overnight are actually soft gambling.

[Emitdama]

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.

Doesn't quite make sense. Are you in profit or loss overall should be the question and if the answer is loss then basically you are fooling yourself by saying "you are maximizing your profits". If you are break even then it's basically a hobby more than a profession.

Everyone knows that only a small percentage of traders trade with profit, the rest either lose their deposit completely or partially. Therefore, there must be those in the market who do not know how to trade, and who will definitely lose their money just so that a small part of traders will make a profit.

Agree, 95% of the traders lose money and it goes into the pockets of the 5% smart traders who know what they are doing. Since the introduction of altcoins this market has become worse because people are literally buying memecoins and waiting to get a 100x which may happen but neither it's healthy habit nor profitable in the long run.

[TheUltraElite]

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

How are you drawing such a conclusion?

I mean I don't know any single person who is doing decent amount of money for living by trading in crypto.

This depends upon your perspective, if you are thinking that you can leave your job and get into earning millions by trading then you are wrong. Again it is also true that you can make a certain amount in trading that might vary every month and be happy with that while running a job.

In other words - Trading can be a side hustle for many of the users who know the basics of stock market trading and speculative markets. It may not be enough to support your living.

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

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

[palle11]

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

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

[borovichok]

This is typical of some traders who believe that when you go into trading then your financial challenges are over, no because it is not like that. Trading has its own challenges and some weeks the loses are so much that you want to consider leaving and this is why trading should be like a side hustle for those not experienced on it but professional traders have a way around trading because even when they lose their capital they can easily come back.

We have so many areas of trading, one could either chose the one that work for them or follow their influencer in market. Money is what everyone wants for trading, we fund in other to gain profits in trading position. It's advisable to always have a side hustle if one would succeed in trading, most people don't depend solely on trading for their income, it's outside their work or when less busy that they open trading position, some either learn the FA and TA by themselves, paying for signals group inother minimize their loss and maximize their profits. Trading is basically meant for profits, in a situation where one is recording more loss than profits is very  economical and not presentable.

[Liquid_Gas]

If you truly believe you can make great money, then you will probably WIN. Best wishes to the winners!

What does believing in something have to do with what will happen in real life? ...

You are asking one of the most important questions any human could ever ask Positive attitude combined with the belief in exciting goals has worked for many people, and it's working pretty good for me on most days:
“Belief gives you the power to achieve the extraordinary.” Chris Powell
“If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.” Gandhi
“Belief has the power to change your inner state and your outer world.” John Paul Warren