Topic: day trading for quick profit - page 16. (Read 2301 times)

I don't think you can make $50 a day with just trading on daily basis. This is rediculous when you think you can earn that much amount without even knowing when the price of a crypto will rise nonetheless you are always infront of your blockfolio monitoring the price. But as I said it is impossible to earn $50 daily.

Day trading is something that gives profit if we have a luck but every time don't expect same thing to happen. Sometime we may lose because of nature of trading is short term. Day trading is like a gambling so quick profit may be possible depending upon the situation and more importantly luck.

You really can't determine if you can earn that amount of money in a day and you have to be good in trading for you to do day trading. The market is very crazy and it can quickly change in a matter of second. I don't suggest to do day trade if you do not know how to read charts and everything you need in trading.

It is not easy task to trade on a day basis and earn profit.I used to do before,but I have  reduced my balance by 25% in day trading. So in my opinion,long term investment is beneficial. Never sell the coin in loss--- it is basic rule for trading.

how much is the day trading ? I think Hassel is the day trading  you might not be able to earn? what do you think is better?

Yes it's possible but you need a capital if you want a day trading and you need a good strategy to do that market is always changìbg the price. And I think it depends to coin that you want to trade. But you know in crypto is not easy money you need to know more about trading if your not sure because trading is not easy as you think .

You don’t say quick profit as if there are no risks in it. Profit can come but not as you said it. If you think you can just jump into day trading and make profit immediately that’s not how it works. You need to develop the skills first and know what you’re doing.

There are some days you will just put in money and trade and by the end of the day when you’re checking your profit you will just see that the loss you took that day was greater than the profit you made.

$50 a day from day trading I think you should have a huge capital in order to achieve it ,
Or you should have a good trading skill and know what coin would be pump so you need to have a lot of information to do it.

Trying to obtain profits with day trading is not necessarily going to get you into scams, but it's going to lead to you to take decisions in a rushed way, and while we know that traders need to take decisions in a very fast way there is a difference between taking a decision quickly and taking a decision while being rushed if you do the later you are almost guaranteed to lose money.

You can make more than $50.00 a day in trading and you can lose all including your shirt too in the same day if you don't have the require knowledge. I will recommend you to stay away from trading if you think you are a newbie and focus on learning first, watching youtube videos and if possible get a mentor to guide you before committing your real cash into it.

Yes that is right that day trading can give us a very good profit but it is too much risky specially if you do not have any expeirence in day trading, day trading require a lot of experience and skill without having such expeirnece and skill in day trading can be consider as much risky. I think that for such people long term investment can be consider as good for investment.

I agree Day trade is a big profit but you must have the brave feelings so that you will not be easily frustrate if you lose your token.Ttading is not easy but you have to fight for your faith that you will profit.

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From my experience, playing it relatively safe you would need about 2000 USD II to make on average $50 a day, however I don't limit myself to day trading and I suggest you don't either. All professional traders know that. If you want to maximise your returns, you would need to consider long term trading as well. With cryptos it is relatively painless as there are no overnight fees on exchanges, so even if I assume to open a day trade position I would leave it overnight if the trade needs more time to develop.

Exactly on point SportsbookBettor! By trading small amounts for a last few months I am able to predict what is going to happen if my account is 10x larger than now. Really good reality check before you put a lot of money into this volatile market. Btw never stick to only one pair unless you're glued to the monitor nearly 24 hours/day. It is way better to trade several pairs i.e. if my USDT-BTC trade is not going my way and I can see that it is going to take a while before market turns around I'd open counter-position (if I went long I open short and the other way around) to minimize loss of the trade gone wrong. Also, some altcoins go against BTC and some go along (as long as BTC is not in total bull ride and alts go red). It is worthwhile to recognize them and then trade them according to market trend.

I agree if day trading can be more profitable but trading is unspectable jobs. Maybe this day you can get more than $50, but who know tomorrow you must hold for wait price rise. Simplely, you must make target of profit persen of each trading and you can get profit. You also must have good analyst to get profit.

There is no difference between big and small because day trading is always risky and you need to face it in order to make profits. It depends on the coin you chosen it for buying and trading in the market.

I am work with crypto currency trading sometime I hold some coin for a long time because I know if someone hold his coin for a long time he must make a huge profit with a long time but day trading is a totally different type of work. Day trading is a part of quick profit that means if someone want to make a quick profit he must need to start day trading, without day trading you can’t profit very fast. I am start day trading and it is only for quick profit in a short time around two or three hour so if start day trading you must make a quick profit.

Yes of course, daily trading is beneficial but sometimes detrimental. But I did not do it because holding is more profitable for me and no need to waste my time by monitoring the altcoin price movement.
Planning, Predicting, Buying, Holding and going on vacation. it's a job I love.

to profit with 50$ a day you should have invest a thousand bucks.  because if you only invest a hundred bucks its hard to earn 50$.  it also depends on what coin you want to buy and you must know the chart of the coin you want to invest you must  check it if its always pumping and dumping. Its possible to trade only in BTC-USDT because these two are always changing price every minute but you need to be careful because not everyday bitcoin is pumping sometimes in a day its dumping

Arbitrage trading is not even something easy unless you are playing with smaller coins with faster transactions and you have some apps that can give you some arbitrage signals once in a while. It is not a bad move though, but it is something that requires being careful.