Anyone out there doing money by trading? How?

[tjtonmoy]

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?

Loss and profits are both there when it comes to crypto trading. But the main concern here is how many times are you making the same mistakes that is leading to your losses, and are you able to make more profits than losses?
There are many people who are successful and doing great to lead a good life while trading. You just need to improve your research. And who says trading is non-profitable in the long run? As you trade more, you gain knowledge to improve yourself. You get better at it. Thus you make more profits.
I totally disagree with this whole topic.

[Oilacris]

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.

If you are really that on a situation on which you arent that earning that sufficient then trading would be a worthy side hustle but of course you would be needing up that risk taking decision whether you could able to bare up with that or not.This isnt something that everyone could deal off with, not only on the risk involved but also on the money that you do need to invest and make use for you to make up some trades.

There are indeed people who do make money out of trading and they are just on the other side for those who do losses in front.
If you are really that serious to be part of those profitable traders then you should do your best.

[gabbie2010]

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.

This exactly my thought experience and professional traders won't publize or reveal their profits earned from trading and I believe it is personal issue because a lot of professional traders prefers to do their trading anonymously, infact they are so busy and earning well such they don't have time to mentor newbies, and it's very obvious such traders are profiting well based on the huge numbers of traders in the major exchanges and huge volume of crypto traded on daily basis, the OP should take time to learn all the basic skills required to become a successful trader of this this is not a day job but a long term training as well as learning and practicing with demo.

[LUCKMCFLY]

I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales. they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

[TheUltraElite]

I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales.

Buying an asset at a high price and selling it at a low price will always lead to losses - this is what happens with most traders out there and there is no way to avoid this unless you are reading the charts well and having the patience. Instead we buy low and sell high it becomes a simple math to see that we will profit. You need whales to tell you this, but you can do this yourself if you have to patience to hold between the cycles.

they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

[taufik123]

-snip-

they make a lot of money because of a small market movement and can have big losses, as far as I'm concerned you can't make a lot of money in a market where there is so much uncertainty, I only see that you can make money in cryptocurrency and trade when bitcoin is in an uptrend any altcoin bought jumps 2x, 3x and more thats what happened in 2017 when there was that big ATH bitcoin hit $20k.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

The long-term is a good option to provide large returns with risks that may not be as great in the short term. You only need to hold and wait for the price to rise to reach a predetermined target.

Whales always aim for large volumes to sell, before that there was FOMO and some positive trends were already forming.
This kind of trading with a long-term method is good for those who are patient and not too hasty, but those who want to do short-term must know technical analysis to read charts to find the right entry and exit momentum.

Remember the risk will still be there and it is the responsibility of each.

[South Park]

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 is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%, and that only takes into account a time frame which is relatively short, so traders which are successful over the long term should be even more rare than that, and when you take this into account this could help you understand why you know no one like that, and when it comes to how to do this I am sorry to tell you that probably no one is going to give you that information, as such information is simply too valuable to give away for free.

[tvplus006]

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

[CapGelatik]

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

It's true that we only need to do that but we also have to remember that in crypto it's difficult to predict,
so we have to really do research and it takes a lot of time, for sure,
the most important thing is that we need to know what to do both when it is bearish or bullish.

[Questat]

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

Trading results are better during the bull season but a trader must have to find a way despite the difficult times like we have these days. Either it was just 3-5% earnings per day still big enough to survive. Otherwise, we push to change our job to become a holder.
We could say it was not a good time for traders but I see some people are still enjoying this and still earning, and they have no complaints about it.

[livingfree]

It's true that we only need to do that but we also have to remember that in crypto it's difficult to predict,
so we have to really do research and it takes a lot of time, for sure,
the most important thing is that we need to know what to do both when it is bearish or bullish.

Crypto has always been unpredictable but despite that and having the characteristic of being unpredictable, there are people that can make money out of it.

They've been used to the market and whatever it moves, still, they can have the notice of what decision they should take. And for them, it's an unstoppable research and continuous learning because that's they've known the market.

If you're not prepared and you stop researching, you may also stop making profit as a trader because it's essential that you have to collect information coming from the market itself and the news that surrounds it.

[inthelongrun]

There are still many traders up to now OP. But I do think that there are only very few traders doing it for a living. Most long-time traders most likely have many sources of income or even have regular jobs just like those that I've met before. I am not really a fan of those so-called traders that are hyping themselves. They are proud to tell people that they trade for a living but are actually selling their strategies and trying to become mentors to newbies. Because if they are really profitable in their trades they do not need to ask for money from other people. Maybe they can ask for affordable fees for their effort but some of them are asking for $2,000 or even more which is insane.     

[Jody.Drummer]

It is possible but it is not easy, depending on the market the failure rate of traders can be between 80% to 99%...

No one can deny the fact that in a bull market this percentage may be higher than in a bear market. And everyone who has experienced at least one cycle remembers how in order to get a profit, you just had to buy some kind of coin, the price of which was higher literally the next day. But with the onset of a bearish cycle, all the profit received was usually lost.

Trading results are better during the bull season but a trader must have to find a way despite the difficult times like we have these days. Either it was just 3-5% earnings per day still big enough to survive. Otherwise, we push to change our job to become a holder.
We could say it was not a good time for traders but I see some people are still enjoying this and still earning, and they have no complaints about it.

For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. Also often they use a relatively shorter time frame.
Talking about income for a trader, it will also talk about the capital they spend to start trading. The capital they have is important because it will make it easier to determine the profit they set. I mean minimal capital doesn't make sense if you target big profits. Of course this must also be done by an experienced trader.

[albon]

There are still many traders up to now OP. But I do think that there are only very few traders doing it for a living. Most long-time traders most likely have many sources of income or even have regular jobs just like those that I've met before. I am not really a fan of those so-called traders that are hyping themselves. They are proud to tell people that they trade for a living but are actually selling their strategies and trying to become mentors to newbies. Because if they are really profitable in their trades they do not need to ask for money from other people. Maybe they can ask for affordable fees for their effort but some of them are asking for $2,000 or even more which is insane.     

It is a fatal mistake that few traders do to trade for a living because trading has gains and profits, but also there is undoubtedly a possibility of loss, it should not depend on trading profits mainly, the right thing is that we trade alongside our job or alongside any source of income for us, and trading is a secondary thing. Long-term trading can bring us good profits if we have sufficient experience, strategies, and the ability to deal with charts, technical analysis, and the use of stop-losses. Whoever sells his strategies to beginners is definitely deceiving them, because there is no guarantee that these strategies that worked with this person will succeed with beginners, so self-reliance, learning, and patience is the best solution.

[Obari]

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?

I'm sorry for your losses but yes there are people who are doing incredibly well in crypto trading and living all their lives on it. I was once trading (synthetic indices) for some time and my first $2000 was actually from trading synthetic indices and I can also testify that trading though a risky business is still very lucrative.

One thing you have to know is that trading isn't for everyone and you must have to first take things very easy with yourself and try as much as possible to learn the necessary rudiments before jumping into trading and you also have to treat trading as a business and not just merely a get reach quick scheme and hence make fixed plans.

[tvplus006]

For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. ..

This is true only if this trader has experience and is able to trade profitably. But trading on the bull market allows you to earn not only experienced traders, but also beginners. Because there is nothing easier than to buy today and sell tomorrow, while making a profit.

[Bitstar_coin]

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?

Trading is not for everyone and certainly not as easy as some make it sound. If you are not profitable trading, it is better you stop before you lose your money completely.
If other traders where not profiting from their trade I doubt they will keep doing it just to lose money.

[kamvreto]

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?

Trading is not for everyone and certainly not as easy as some make it sound. If you are not profitable trading, it is better you stop before you lose your money completely.
If other traders where not profiting from their trade I doubt they will keep doing it just to lose money.

do not benefit from trading so they do not understand the basic knowledge of trading. If trading only relies on feelings and guesswork, then it will be very risky. An analysis is required for trading to determine when to enter and when to exit. Trading is really for everyone, but the people who win understand and know what to do.
There are many people who trade only with confidence without basic knowledge, and you know that in the end all their money will be lost because they are too panicked and don't know what price to buy and what position to sell. especially when trading futures, they will be liquidated quickly.

[tygeade]

I think that the people who make money trading Crypto are few, there are many who can make money, but in markets that are somewhat more robust in terms of volatility, I think more people can make money there, of course than the big whales.

Buying an asset at a high price and selling it at a low price will always lead to losses - this is what happens with most traders out there and there is no way to avoid this unless you are reading the charts well and having the patience. Instead we buy low and sell high it becomes a simple math to see that we will profit. You need whales to tell you this, but you can do this yourself if you have to patience to hold between the cycles.

There are so many people who bought at a high price, and when they saw the price going down they ended up selling it. Why though? Like why did you buy at high is a question that they need to answer themselves, but that's fine because sometimes you buy at the wrong time. But why do they sell at a lower price? That never made any sense to me at all because you could have waited for it to recover and that would have made you so much more money.

All in all I believe that we should be keep holding whenever the price goes down, and we could make a lot more money that way, it just requires you to keep holding and that's not really a big problem at all.

[Jody.Drummer]

For a trader, actually the bullish season and the bearish season are not much different, because they take advantage of every moment indicated by price movements. ..

This is true only if this trader has experience and is able to trade profitably. But trading on the bull market allows you to earn not only experienced traders, but also beginners. Because there is nothing easier than to buy today and sell tomorrow, while making a profit.

That's a thought that I think tends to be short, I don't mean that anyone would want to buy now, buy now and sell it tomorrow with the profits you get. But in practice it's not that easy even in bull season. When the bull season occurs, it doesn't mean that we can buy at will without doing anything for market analysis, moreover what is being discussed here is beginners. Do not let beginners think like this, because in my opinion this is an action that must be avoided.