Can Day Trading be profitable in Crypto ? - page 2.

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Quote from: Questat on August 11, 2022, 07:06:29 AM

Some say it was profitable while the others are saying NO. There are shared opinions and it was because the results will depend on the trader itself.
These people are true to their experience and this is not about getting lucky like gambling but this is all about choosing the right coin(s) and effective strategy, and there is one thing that affects everything, decision-making.

We can't make any conclusion unless we have tried it, not just once but it is supposed to be more than a trial.

Day Trading is profitable if one has knowledge of reading chart, DCA and choose right coin. Some new users just trading in these coins which appear in gainer list of Binance and this is not good. For Day trading proper coin will be chosen which can give you daily up and down. Btc price also have effect on coins so always check Market condition when apply day trading otherwise one will make lose like my friend.

yes, that's true, but even though I can use technical analysis, the cryptocurrency market is very wild,
I myself have used technical analysis and indicators such as MACD. RSI and determine support and resistance,
and as a result all support is broken and some even reach Rugpull for example LUNA,
of course it is very risky if you want to trade daily on Futures.

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Quote from: LUCKMCFLY on August 20, 2022, 08:22:47 PM

Quote from: Yamifoud on August 14, 2022, 06:55:01 AM

Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

Well, it is obvious that if you earn 10usd a day, it is something worthwhile, because you are being profitable and obviously as long as you continue to earn that figure, you can increase it much more as you have more money, because due to experience and how the market is analyzed, many more risks can be taken, this is subjective, I also believe that trading is for professionals, not just anyone does trading, many focus only on knowing how to do one type of work, but trading is the copy that you can lose a lot, in some cases everything, so for me trading is a profession that still does not have a degree in a university, but it should be.

Day trading can be a very good source of income if we can generate profits on a regular basis, moreover being able to make $10 per day is worth it.
But it's not easy to do day trading, It takes good analytical skills and experience is also very decisive. I agree that day trading is not for everyone,
only professional people can successfully make day trading a profession. Even I who have more than 5 years of knowing the crypto world, still fail
to do day trading, meaning that it is not easy to achieve success when doing day trading. It takes practice regularly to improve our trading skills,
and the process usually takes a long time. That's only people who don't give up who can succeed in day trading, so day trading is very profitable
if we can do it well, the problem is that it takes patience and hard work to be able to successfully do day trading.

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Quote from: Mr.right85 on August 11, 2022, 04:55:00 AM

Day trading is profitable if only you could trade it right. Mind you, its as risky as any form of trade as you get to find yourself in the market more often than supposed, taking considerable amount of risk in the process. It exposes you more to all the weather in the market and your health is something it plays a trick on too.

Quote from: CryptoHeadlineNews on August 11, 2022, 03:22:28 AM

For me, the best way to go about day trading will be to always have a plan or a specific target for every day trade

That's right. As a trader, you've got to have a trading plan as it defines the very moment you enter a trade, the profit or lose you could accommodate before getting out. It sets the limit and if your disciplined enough, even in the event of your profiting and the market continues to appreciate, should you follow plan, you would leave to try again another day. That's a good way to avoid loses while day trading.

Day trading is profitable but that profit is easy for everyone? of course not. So many traders who are working as a day trader they had lot of losing incident in their life. By which they know how much has to be learned. A day trader has to comply with many issues as trading such as a trader must simplify his daily chart. A day trader should be more careful about the trading volume. A trader shouldn’t peruse chasing. They should not listen to any others only for himself.

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Quote from: Yamifoud on August 14, 2022, 06:55:01 AM

Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

Well, it is obvious that if you earn 10usd a day, it is something worthwhile, because you are being profitable and obviously as long as you continue to earn that figure, you can increase it much more as you have more money, because due to experience and how the market is analyzed, many more risks can be taken, this is subjective, I also believe that trading is for professionals, not just anyone does trading, many focus only on knowing how to do one type of work, but trading is the copy that you can lose a lot, in some cases everything, so for me trading is a profession that still does not have a degree in a university, but it should be.

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Quote from: blockman on July 30, 2022, 04:24:15 PM

Let's just take it this way. Day trading is profitable if you're good at it and manage to have those decisions right if you're into spot trading. Also in futures, there are people making money there but it's not easy because they've studied very well on it and invested money just to lose in return for the lesson that they'll get. But setting aside those stories, the majority are losing more money in trading and that's the reality that has to be recognized by many.

It is risky and only pro traders should be allowed to trade with leverage above 100x. Even 10x leverage is risky on short term trading since newbies try to get rich quickly without calculating stop-loss point.
It takes years to master trading and generally HODL is more profitable than day trading for majority, IMHO.

Quote from: Chainsmokers on August 14, 2022, 09:07:46 AM

Quote from: Yamifoud on August 14, 2022, 06:55:01 AM

Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

although daily trading can reach $ 10 even $ 30, I'm sure if you trade in futures trading one day you will lose,
futures trading is really not what you think, I have experienced 10 days profit and 1 day all my profit is lost.
how? still intend to trade?

The amounts above $10 is easy for average trader but the risks are insanely high to lose profit of whole week or even month in single bad trade decision. Riding the winning trades and cutting losses are main keys to stay as profitable trader in the trading world,otherwise,the final result always will be same, from my own trading experience.

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Quote from: Questat on August 11, 2022, 07:06:29 AM

Some say it was profitable while the others are saying NO. There are shared opinions and it was because the results will depend on the trader itself.
These people are true to their experience and this is not about getting lucky like gambling but this is all about choosing the right coin(s) and effective strategy, and there is one thing that affects everything, decision-making.

We can't make any conclusion unless we have tried it, not just once but it is supposed to be more than a trial.

That's the right answer. Also even the trader itself could change their own answers by the fact that if they trade early on and make a loss they will think it's not worth it, but the more they trade the more they will earn and then they could change their answer to it. I am one of those people who say that it doesn't worth to do daily trading because in the long run we will all make a good amount of profit by investing, not trading.

But, I also know a few traders who make a good amount of money and that is something I can agree on. As long as that's the point and the situation we are in, that's fine and I do not care about anything bigger than that, it's all based on the person.

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Quote from: Yamifoud on August 14, 2022, 06:55:01 AM

Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

Doing your research to keep enhancing your ability to assess, there are many possible factors that will affect your daily trades, but the first things is to set up your plan with precise and well-organized sets of targets. You need to keep your balance with any strategy that you will going to use. Having multiple will give you a better chance to sort out the market and earn decent.

Not as easy as many will think, but for a keen type of investors/traders it is not impossible to achieve.

There's always a best way to succeed from this kind of business.

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Quote from: Yamifoud on August 14, 2022, 06:55:01 AM

Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

although daily trading can reach $ 10 even $ 30, I'm sure if you trade in futures trading one day you will lose,
futures trading is really not what you think, I have experienced 10 days profit and 1 day all my profit is lost.
how? still intend to trade?

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Quote from: Dollar_Hunter on August 13, 2022, 02:42:24 PM

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

$10 per day is not bad, actually. But this is not gonna be enough nor to be contented for this. As traders, aiming high, becoming greedy wasn't impossible and this is the reason why we work hard, improve our knowledge and skill, and find effective strategies - it gonna be rewarded for sure.

From $10 daily profit to $30-$40 - that can be achieved. I guess no pressure on our ends Grin

, but we need to focus on our traders and make it more strategical and to make it real.

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Quote from: Rufsilf on August 12, 2022, 05:32:03 AM

Quote from: coinerer on August 12, 2022, 01:17:37 AM

Quote from: mich on August 12, 2022, 12:58:04 AM

I've been in crypto for years and to tell you the truth I have never met a successful “crypto day trader”. I have met some people that have made money in playing swings but day trading is not a reliable or consistent way to make money from investing in my opinion.

I bet on winners like BTC and I hold long, that’s a proven and effective way to make money from investing in crypto.

In case of day trading, a trader can make regular profit for 3-4-5 days. But suddenly one day he will face a big loss. Then he will find that the amount of profit he made in trading for 4-5 days is less than the loss of 1 day. Then he will lose his confidence in trading. So I think long-term holding is wise and it is must profitable then day trading

Not I say YES. Maybe the instances you have told are those beginners but if you talk about average and experts traders, they preferred not to hold and waste the time waiting for the next pump as they know losing 1 day while earning a profit in the next 5 days (1-day break), still have left from them. Actually, to continue trading is a choice, especially during this bear season, and that only happens if they see a profit on their ends than losses.

Daily trading must require concentration and a clear mind, of course you must also have the ability to analyze by scalping,
because otherwise traders will not be able to trade daily, and must go to futures trading if you want to trade daily,
because if you have it all, I'm sure $10 per day will also be achieved,

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Quote from: Pandu Geddon on August 11, 2022, 01:46:47 AM

Quote from: Furious 7 on August 11, 2022, 12:30:38 AM

Yes, I might say that because it can be profitable. But keep in mind that day trading obviously requires more detailed observations there and this is definitely not recommended if we can't do it.
The risk will be greater if you force to do daily trading, especially if you can't control yourself and still can't research well, especially with current conditions where the market is not too good to enter.
I personally might say day trading is profitable but I know my limits and I can't afford to be there.

you are right, day trading is only for those who have experience and skills to profit. but for beginners who want to try day trading, I think you can start with small capital first and of course, you should already know how day trading works.
some people prefer futures trading rather than day trading on the spot. still, everything has a big risk.

I think in this case beginners can be categorized in various perspectives such as they know and have studied some material and want to apply it in trading and there are also those who only really use their instincts there.
Trying might be a good thing but on the other hand we also can't force it if indeed we are not too sure to be there, especially with the current market which is still very difficult to control.

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Quote from: coinerer on August 12, 2022, 01:17:37 AM

Quote from: mich on August 12, 2022, 12:58:04 AM

I've been in crypto for years and to tell you the truth I have never met a successful “crypto day trader”. I have met some people that have made money in playing swings but day trading is not a reliable or consistent way to make money from investing in my opinion.

I bet on winners like BTC and I hold long, that’s a proven and effective way to make money from investing in crypto.

In case of day trading, a trader can make regular profit for 3-4-5 days. But suddenly one day he will face a big loss. Then he will find that the amount of profit he made in trading for 4-5 days is less than the loss of 1 day. Then he will lose his confidence in trading. So I think long-term holding is wise and it is must profitable then day trading

Not I say YES. Maybe the instances you have told are those beginners but if you talk about average and experts traders, they preferred not to hold and waste the time waiting for the next pump as they know losing 1 day while earning a profit in the next 5 days (1-day break), still have left from them. Actually, to continue trading is a choice, especially during this bear season, and that only happens if they see a profit on their ends than losses.

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Quote from: mich on August 12, 2022, 12:58:04 AM

I've been in crypto for years and to tell you the truth I have never met a successful “crypto day trader”. I have met some people that have made money in playing swings but day trading is not a reliable or consistent way to make money from investing in my opinion.

I bet on winners like BTC and I hold long, that’s a proven and effective way to make money from investing in crypto.

In case of day trading, a trader can make regular profit for 3-4-5 days. But suddenly one day he will face a big loss. Then he will find that the amount of profit he made in trading for 4-5 days is less than the loss of 1 day. Then he will lose his confidence in trading. So I think long-term holding is wise and it is must profitable then day trading

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I've been in crypto for years and to tell you the truth I have never met a successful “crypto day trader”. I have met some people that have made money in playing swings but day trading is not a reliable or consistent way to make money from investing in my opinion.

I bet on winners like BTC and I hold long, that’s a proven and effective way to make money from investing in crypto.

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Quote from: Questat on August 11, 2022, 07:06:29 AM

Some say it was profitable while the others are saying NO. There are shared opinions and it was because the results will depend on the trader itself.
These people are true to their experience and this is not about getting lucky like gambling but this is all about choosing the right coin(s) and effective strategy, and there is one thing that affects everything, decision-making.

We can't make any conclusion unless we have tried it, not just once but it is supposed to be more than a trial.

You could really either say or no and to those who are saying yes then they might be able on doing it or just simply trying to go along into those people who do said yes. Cheesy

Daytrading is profitable but this isnt something that someone could easily deal with because volatility on a normal day in crypto space wont really be that a bad idea because you could really make money out of these movements but the question is, are you capable or skilled enough?

This is the toughest challenge if someone do really plan on making day trades then it always depends on someones capability.

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Quote from: Baofeng on August 10, 2022, 07:25:38 AM

Quote from: Wind_FURY on August 09, 2022, 06:23:13 AM

To all the plebs like me who read all the trading "advice" in the topic, first ask the person who's giving the advice if he/she has been a profitable consistently, WITH PROOF. If they're not, then don't take their trading advice. Because for many plebs, the best trade is probably just a low time-preference HODL in Bitcoin. If can't perform better than Bitcoin-HODL through day trading, then why day trade?

I'm one of those who try day trading, but I guess it's not for me and so I just decided to just buy and be a HODLer.

I mean, that is less hustle, not much time to spend in front of your hardware to analyse and do the trade. You just need some capital to buy during the dip and then nothing to do.

I have nothing against day trader, if they are earning good money, then good for them. But I guess it will not be for everyone, it's not a one size fits all kind of hat, in my opinion.

That's exactly me as well. I tried trading during 2016-2018 period because it was such a rush and made so much profit, but all my profit came from the ones that I held, bitcoin and ethereum. That was it, all the other places where I didn't hold? And traded? The overall results are a big loss, of course I had a lot of trades that ended with a profit as well, it was just not easy overall because I lost more than I earned from trading.

Thankfully I was holding bitcoin and ethereum, which meant that the profits I made from that ended up helping me out on the long run to not have a loss totals. This is why I believe that it shouldn't be that easy to just go into day trading right off the bat.

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Some say it was profitable while the others are saying NO. There are shared opinions and it was because the results will depend on the trader itself.
These people are true to their experience and this is not about getting lucky like gambling but this is all about choosing the right coin(s) and effective strategy, and there is one thing that affects everything, decision-making.

We can't make any conclusion unless we have tried it, not just once but it is supposed to be more than a trial.

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Day trading is profitable if only you could trade it right. Mind you, its as risky as any form of trade as you get to find yourself in the market more often than supposed, taking considerable amount of risk in the process. It exposes you more to all the weather in the market and your health is something it plays a trick on too.

Quote from: CryptoHeadlineNews on August 11, 2022, 03:22:28 AM

For me, the best way to go about day trading will be to always have a plan or a specific target for every day trade

That's right. As a trader, you've got to have a trading plan as it defines the very moment you enter a trade, the profit or lose you could accommodate before getting out. It sets the limit and if your disciplined enough, even in the event of your profiting and the market continues to appreciate, should you follow plan, you would leave to try again another day. That's a good way to avoid loses while day trading.

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Quote from: Pandu Geddon on August 11, 2022, 01:46:47 AM

Quote from: Furious 7 on August 11, 2022, 12:30:38 AM

Yes, I might say that because it can be profitable. But keep in mind that day trading obviously requires more detailed observations there and this is definitely not recommended if we can't do it.
The risk will be greater if you force to do daily trading, especially if you can't control yourself and still can't research well, especially with current conditions where the market is not too good to enter.
I personally might say day trading is profitable but I know my limits and I can't afford to be there.

you are right, day trading is only for those who have experience and skills to profit. but for beginners who want to try day trading, I think you can start with small capital first and of course, you should already know how day trading works.
some people prefer futures trading rather than day trading on the spot. still, everything has a big risk.

For me, the best way to go about day trading will be to always have a plan or a specific target for every day trade, because without that one could be carried away by emotions to the point of losing all he or she has got. And "Spot trading" happens to be the best kind for day trading, of which the higher the capital used, the more you stand the chance of making huge profit, especially when working with the 4hours time frame, because I once tried it on Binance and the profits was reasonable enough.

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Quote from: Furious 7 on August 11, 2022, 12:30:38 AM

Yes, I might say that because it can be profitable. But keep in mind that day trading obviously requires more detailed observations there and this is definitely not recommended if we can't do it.
The risk will be greater if you force to do daily trading, especially if you can't control yourself and still can't research well, especially with current conditions where the market is not too good to enter.
I personally might say day trading is profitable but I know my limits and I can't afford to be there.

you are right, day trading is only for those who have experience and skills to profit. but for beginners who want to try day trading, I think you can start with small capital first and of course, you should already know how day trading works.
some people prefer futures trading rather than day trading on the spot. still, everything has a big risk.

Topic: Can Day Trading be profitable in Crypto ? - page 2. (Read 1250 times)