Topic: Can Day Trading be profitable in Crypto ? - page 5. (Read 1250 times)

Both knowledge and money are necessary to make good profits from the markets,  for example if two different persons both had the same knowledge and skill to trade the markets and both made the same trades and obtained on average 1% on profits with each one of their trades, but one trader had 500 dollars and the other 1 million the first trader would make 5 dollars per trade while the second trader will make 10k per trade which is a massive difference on their outcomes despite both of them having the same skills.

Capital is a very huge determinant of success in trading. It doesn't mean that other factors don't count. I have seen some guys who are good in knowing chart movements and trading but they lack capital. But no matter how confident they are that they understand the market, it is always difficult for them to borrow money to trade because things might turn thr other way round. So it is good to know trading skill and also important to have good start up capital.

You should include emotional aspect and proper risk management on which these things are one of the most important thing to consider on before you would find yourself to be that effective on trading.

Doesnt matter if you do involved yourself with spot or daytrade as long you do find yourself to be in constant or ending up profitable then consider yourself to be a good trader.

Of course day trading could be profitable but this isnt for everybody because you would really need to acquire such skill and experience for you to at least have that kind of chances.

Any types of trading actually. Short, mid, long, day or night, all can be profitable depending on your skills and if it's not profitable then it will have a bad reputation and will be avoided or won't be popular as it is now.

Usdc are from eth, I think that causes you to pay more in the fees but why not use other stable coins which has a cheap fee like usdt since it also supports trc20 chains or you can also use from binance which is called busd and maybe the fees can also depend on the exchange that you are using but I won't sacrifice it over the quality or the reputation of the exchange as you can lose more money the more you look for a bargain.

Day trading is profitable If you can do it in right way. if you start trading with $1k then it will easy to earn $20-50 everyday by day trading. But in this case you have to control your greed. Never get excited.  Daily trade should be completed with a cool mind. then you will able to achieve your daily target.

You could consider trading bitcoin up and down a grand, but that doesn't mean that it would be profitable to keep doing that forever. It's a small amount of profit based on what the moves are and you have to be on the right side majority of the year to make a good profit.

If you do right moves for 250+ days a year and only make bad ones for about 100, then you would be fine, but are you really trusting yourself to make that much profit that many days a year? I personally feel like it would be smarter to just invest, and wait for it to go up because if it goes up double, that is more than enough for me. Imagine if you could double your profit many years in a row, that makes you a millionaire in no time.

day trading is very profitable for those who can choose the right asset to trade. like your experience trading USDT with your fiat currency. because there is an opportunity there and you can take advantage of it.
trading is not only profitable BTC, the results obtained depend on how good our skills are and the capital we use. most importantly too, we must have skills for day trading.

And day trading is also very profitable when you trade with huge capital most especially "Spot", because I have once trade it and the profits wasn't that much since it wasn't a huge capital, but at least reasonable enough trading USDT with my native Nigerian Naira Fiat currency, with a few minutes price difference selling and buying. And for me Binance seems to be okay for day trading, but actually I have not used the rest, but hopeing to try them some other day

Yes, and we can't deny that many people will enter trading during that time for they are aware the situation that prices keep on growing and earning a profit isn't hard and it never takes so long. But if you dare to try it during the bear season, that is certainly a big test of your capability to control your emotions and patience, and sometimes we end up losing at the end of the day. This is the reason why many traders had just held instead of doing trading as a safe escaped.

Day trading can work in this situation in which the price is always changing every day so you have the opportunity to buy low and sell high.
If you can analyze it better, you can make a profit from this current situation while you are still waiting for the next bull run.
Besides that, if you can buy low for bitcoin or potential altcoin, the price can jump so high that you can expect to make a bigger profit.
But if you think you can not analyze when the price reaches the low price, you can just buy and hold it.

Daily trading is worth and get profit depend how smart and active checking with coin have drastically pump and dump every day, but not easy when watching thousand kinds of altcoin because several of us active trade and watch with 30 coin kinds. Personally I make bookmarked with ten coins only and make me easy controlling about which one coin have to trade, keep not guarantee I can earn profit in daily day with trade cryptocurrency, some time about two or three days later after my entry earn profit.

For me personally you need to have some trading skills and keep an eye on market every time to figure out your next move if you are day trader and it's more risky so for me only long term holding is best.But yes day traders make profits and loss both but it depends on various factors like choice of coins, market sentiment and any news coming out that can affect the price and you need to study the candlestick patterns as well so it's more of brain work that you have to do making decisions.

In an active type of coin day trading is potentially be profitable, you need though to master the market sentiments and all the possible influences that may affect the asset to move, not easy but once you already know the strategy or when you already establish a good system that will work in any types of market movements, you'll be aware on how to sort then pick suitable coin for your day trade business.

Day trade inside crypto, if you understand well the volatility of the market will favor you, scalping is good with high volume market4

every movement can bring decent, especially if you really have a decent amount of invested capital.

I think day trading is very suitable during bullish market conditions because in such conditions the market is very active and the trading volume is very high, but if ywant to do it on altcoins then the altcoin must have high trading volume but be careful because can get stuck at high prices if do it in altcoins so that it ends up in the holder or sells at a loss

Using small capital when you do day trading is not that profitable due to the fees that you need to pay. Doing arbitrage is also the same, if you want to buy in the CEX and sell it in the DEX with small capital it's not that profitable tho. Just trading in one platform and don't force yourself to do day trading, as long as you can take profit in a few days or in a week it doesn't matter as long as there is some progress.

The desire to make money in crypto trading every day only happens if you have enough knowledge about it, you can't make money in it everyday if you just depend on luck because it's not designed there. Let's assume that you earn 15% daily in crypto trading although this is quite high and difficult for an ordinary individual trader to do here in the crypto space. Maybe it's better not to withdraw your income right away or you'll earn it in one day, instead accumulate it for a few days depending on what you want, so you won't regret the transaction fee that will be deducted. Now, whatever your reason is why you chose ILV to trade, it's always your choice and we don't care about that. Because I believe that crypto trading is really profitabl if you have enough knowledge about it. And there are many who believe in this and there are also many who lose in the end that is also the reality of crypto trading, whether stock or crypto trading is the same, there is a risk that comes with it.


I just want to add something, you just mentioned driving a car, I also want you to know that if you are a driver you know all the responsibilities in terms of knowing how to fix if your car has a problem no matter what this is an issue, and you also know all the regularity and policy in traffic and the safety of the people riding in your car can tell if you can get to the destination you are going to properly, as well as in the practice of crypto trading that you want to get I see you here every day. You should also know what to do when to buy and sell at the right time and opportunity, and you also have an idea of ​​how to read the graph correctly and other things like that.

now there are many literacy and tools to help us in seeking profit in daily trading. I think it takes time for us to learn all that.

Unfortunately, not many newbie traders are aware of that. most just follow the hype they hear. and accidentally get an advantage, of course, it makes their confidence increase. without studying the market, they end up mostly using their estimates to determine the assets they will trade.

Day trading is profitable or any form or way how to trade, you just must train yourself to be a good trader, like you have risk management, have good emotions and you will be a good trader.
You must train yourself first at the start, you will identify where is your forte, if you are dedicated to day trading then it's for you. Learn the basics first.

Of course, with the market volatility, traders can always make profit from it although it's not as always like everyday due to the high volatility but it is enough. Although, it always depends on someone's capability on how or what kind of strategy they were using to make a profit and I would say most of the time they choose Bitcoin over other altcoins although some of them do trade some altcoins.

It is always profitable for the others but the question is if you can be like them and manage their trade so well. This is been a question to many and asks if it was but you as a trader could decide and the results certainly depend on you. Because you can just say and think OP that some traders are in huge profit and it does with you also, that was not the case in trading due to we are in different strategies and much more different from decision-making which it changes the results between you and me (as an example).