The fact that the percentage of losers is so high makes me think that day trading is kinda rigged - those who have deep pockets can influence the price on small scale and profit off it, while the rest simply trade to give money to these manipulators. If day trading was random, the win/lose ratio would be closer to 50/50.
Well said, day trading is perfectly good for large volume investors. As the market is manipulative, those with large volume of funds will fluctuate the market and profit out of the same. Day trading for a living is completely a hard thing, but if we have patience we can profit out of trading based on the investment.
Topic: Day Trading for a Living? - page 6. (Read 3872 times)
The fact that the percentage of losers is so high makes me think that day trading is kinda rigged - those who have deep pockets can influence the price on small scale and profit off it, while the rest simply trade to give money to these manipulators. If day trading was random, the win/lose ratio would be closer to 50/50.
Well said, day trading is perfectly good for large volume investors. As the market is manipulative, those with large volume of funds will fluctuate the market and profit out of the same. Day trading for a living is completely a hard thing, but if we have patience we can profit out of trading based on the investment. 
Don't daytrade cryptocurrencies and don't listen to advisers who manipulate you into day-trading as well, they tend to act as oracles and then use that asynchronous info to manipulate the markets. There are whales and traders with asynchronous advantages over you so you are at a disadvantage and will likely lose money day trading.
Day traders find that they become obsessed with checking the price and end up spending most of their productive time looking at charts instead of working for a salary. Also you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. Every single time you make a trade between each asset is a taxable event and tracked and reported on an exchange. Day trading also forces you to store your BTC on exchanges which is very dangerous.
Day traders find that they become obsessed with checking the price and end up spending most of their productive time looking at charts instead of working for a salary. Also you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. Every single time you make a trade between each asset is a taxable event and tracked and reported on an exchange. Day trading also forces you to store your BTC on exchanges which is very dangerous.
Looking at the market now it is quite difficult to take advantage of daily trading, because altcoin does not seem to show the direction it will take now, maybe if the price of bitcoin has stabilized at the highest price then altcoin will pump up, but maybe it happened in 2020, this is only a prediction so it will not always be right, however the market will determine its fate
Day trading at the present time is very risky there are a lot of people who lost their money in day trading as the market in this time is not showing any upward direction, only experienced traders are successful in these days as a day traders, now a days long term holding would be perfect decision, and when the market go on pump then day trading is the best way for living because at that time everyone could make money from day trading.Current market conditions cannot be predicted today, the market is green, it may be red tomorrow, trading day will indeed make us lose if we do not know which coins will remain up, but many suggest it is better to buy bitcoin from now and do long-term trading, and it has become a trend when market conditions like this.
Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Actually it's very very hard. Actually trading is a game which consists of snatching money from the small uneducated traders to smart intelligent traders. This snatching is absolutely legal. But the thing is it's hard most of the people don't know how to do it and those who know would never tell. It requires consistent practice and hardwork. Moreover it's true that only 1% make a fortune but that 1% draw the capital of those 99% of traders so you can just imagine how much money they make. People can make fortune out of it but it requires patience and time. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Looking at the market now it is quite difficult to take advantage of daily trading, because altcoin does not seem to show the direction it will take now, maybe if the price of bitcoin has stabilized at the highest price then altcoin will pump up, but maybe it happened in 2020, this is only a prediction so it will not always be right, however the market will determine its fate
Day trading at the present time is very risky there are a lot of people who lost their money in day trading as the market in this time is not showing any upward direction, only experienced traders are successful in these days as a day traders, now a days long term holding would be perfect decision, and when the market go on pump then day trading is the best way for living because at that time everyone could make money from day trading.Current market conditions cannot be predicted today, the market is green, it may be red tomorrow, trading day will indeed make us lose if we do not know which coins will remain up, but many suggest it is better to buy bitcoin from now and do long-term trading, and it has become a trend when market conditions like this.
I seldom see people that trades saying they trade for a living.
The bearish market makes lots of day trader to get rekt that's why most people are longer day trading for living, even lots of twitter dudes who give calls on trading signal are no more giving out calls, till the market recovers before lots of people will consider day trading for a living 
The fact that the percentage of losers is so high makes me think that day trading is kinda rigged - those who have deep pockets can influence the price on small scale and profit off it, while the rest simply trade to give money to these manipulators. If day trading was random, the win/lose ratio would be closer to 50/50.
Looking at the market now it is quite difficult to take advantage of daily trading, because altcoin does not seem to show the direction it will take now, maybe if the price of bitcoin has stabilized at the highest price then altcoin will pump up, but maybe it happened in 2020, this is only a prediction so it will not always be right, however the market will determine its fate
Day trading at the present time is very risky there are a lot of people who lost their money in day trading as the market in this time is not showing any upward direction, only experienced traders are successful in these days as a day traders, now a days long term holding would be perfect decision, and when the market go on pump then day trading is the best way for living because at that time everyone could make money from day trading.
I seldom see people that trades saying they trade for a living. I known some that have no jobs but they have their own business too. The other full time traders are acting as gurus and are selling their strategies. I think they earn not because of trading but because of selling their strategies which probably didn't do well. No need to speak in front of many people and travel on time when you can just chill anywhere in the world trading. So you are right. There are only a small percent of people that trade for a living.
Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
I think that study are only for newbies who tries to day trade which they are not used to day trade or not an experienced trader. Doing day trading for a living is really risky because you could get empty handed and it is difficult to watch the market chart 24/7, but if you are an experienced trader you are already aware to the risk of day trading that you can control your emotions without panicking when the market is down, and you already know how the market works that you could minimize your losses and earn a good profit everyday. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
I will agreed that majority of the estimated 97% traders that loss their money are newbies and inexperienced trader I had seen forex traders of more than 30 years in trading having a sound knowledge in it, every dick and harry who are new in trading believes trading is a get rich scheme without any money management and mentoring thus get involved in it invariably losing all their portfolios at a go, trading encompasses deep knowledge in money management, emotional and psychological management to have an edge over the market. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
at this time I prefer to do long term trading methods or can be said to be living because I have a busyness that can not be in the real world so I can not monitor the conditions of the exchange, I better trade with ease and not too influenced by market conditions, only need to place a buy order and sell order is very enough.
Cryptocurrency trading is even more profitable than Forex trading, in my opinion. It is not as profitable as it used to be though but it's still OK.
Bitcoin trading is the most profitable form of trading than other than mode and with Forex trading you will get only minimal profit and the risk is also minimal as you wont see any major volatility in the market but when it comes to bitcoin market the risk is higher as the volatility is higher and the profit is higher.I am beginning to think that profitable traders are those who can sit many hours without distractions, observing multiple exchanges, go through charts, researching, etc. It takes alot of patience, sacrifice and hardwork to stay that long.
Welcome to the new world of bots taking care of your assets, no one will be manually doing any of these process, learn how to program and create a bot, it is not that hard and it will trade according to your choice rather than you waiting and draining yourself 
. Yes, it is true that most of day trading lose. It is also because of their instinct about the market, even trading can also require you being lucky because once you are not lucky enough just like in gambling then you will surely lose. Your analyzation or instinct will also be nonsense.
Why would someone sell at a loss, even if you are day trading and if the market does not gives you the valuation you are looking for and the market goes down, why would anyone sell their coins at a loss, they can hold their coins till they reach the target price, people who sell the coins at a loss are the biggest fools and they have no business trading. Yes, it is true that most of day trading lose. It is also because of their instinct about the market, even trading can also require you being lucky because once you are not lucky enough just like in gambling then you will surely lose. Your analyzation or instinct will also be nonsense.
Why would someone sell at a loss, even if you are day trading and if the market does not gives you the valuation you are looking for and the market goes down, why would anyone sell their coins at a loss, they can hold their coins till they reach the target price, people who sell the coins at a loss are the biggest fools and they have no business trading. Quote
We show that it is virtually impossible for an individual to day trade for a living,
contrary to what course providers claim. We observe all individuals who began to day
trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms
of volume in the world, and persisted for at least 300 days: 97% of them lost money, only
0.4% earned more than a bank teller (US$54 per day), and the top individual earned
only US$310 per day with great risk (a standard deviation of US$2,560). Additionally,
we nd no evidence of learning by day trading.
the journal observes futures market in the Brazilian equity futures market, it means that is not necessarily same result with cryptocurrencycontrary to what course providers claim. We observe all individuals who began to day
trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms
of volume in the world, and persisted for at least 300 days: 97% of them lost money, only
0.4% earned more than a bank teller (US$54 per day), and the top individual earned
only US$310 per day with great risk (a standard deviation of US$2,560). Additionally,
we nd no evidence of learning by day trading.
because cryptocurrency and futures market are very different, so it can get different result.
yeah i know the jurnal just wanna tell us that is hard to do day trading for a living, but in crypto can be different.
Quote
We show that it is virtually impossible for an individual to day trade for a living,
contrary to what course providers claim. We observe all individuals who began to day
trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms
of volume in the world, and persisted for at least 300 days: 97% of them lost money, only
0.4% earned more than a bank teller (US$54 per day), and the top individual earned
only US$310 per day with great risk (a standard deviation of US$2,560). Additionally,
we nd no evidence of learning by day trading.
the journal observes futures market in the Brazilian equity futures market, it means that is not necessarily same result with cryptocurrencycontrary to what course providers claim. We observe all individuals who began to day
trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms
of volume in the world, and persisted for at least 300 days: 97% of them lost money, only
0.4% earned more than a bank teller (US$54 per day), and the top individual earned
only US$310 per day with great risk (a standard deviation of US$2,560). Additionally,
we nd no evidence of learning by day trading.
because cryptocurrency and futures market are very different, so it can get different result.
yeah i know the jurnal just wanna tell us that is hard to do day trading for a living, but in crypto can be different.
Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Yes, it is true that most of day trading lose. It is also because of their instinct about the market, even trading can also require you being lucky because once you are not lucky enough just like in gambling then you will surely lose. Your analyzation or instinct will also be nonsense. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Yes, it is true that most of day trading lose. It is also because of their instinct about the market, even trading can also require you being lucky because once you are not lucky enough just like in gambling then you will surely lose. Your analyzation or instinct will also be nonsense. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Only 0.4% earned more than a bank teller.
You can thank me latter.
Jump to: