Day trading is a scam. All markets are rigged by whales:
http://www.dailymail.co.uk/news/article-2831108/Five-world-s-banks-fined-2BN-rigging-foreign-exchange-markets-prosecuted.html
If you are not in the inner circle, chances are you'll lose money.
Topic: How profitable is BTC daytrading? (Read 7961 times)
Out of 5 pages, only two posts even resemble anything intelligent. Armchair bandits talking garbage about what they think trading is. For anyone who is thinking about trading, study meticulously and start with a relatively small amount. These days traders are engineers. Its all about maths, probability and problem solving. If your uneducated, talk crap on forums thinking your someone or can't take the time to grasp a textbook then maybe just hold.
That's what I did once. I daytraded BTC to LTC, then back to BTC. Doubled my BTC. Twice. But that's it. Actually, it was trade BTC to LTC one day, then the next day when LTC shot up, I traded it back to BTC.
This is a very rare scenario and I would say is certainly one that is not easy to predict. If you were on the wrong side of any of these trades then you would have ended up loosing a lot of money.Hasn't happened again. And I spent it all already.
LOL.
if i may to suggest maybe with you can buy a GHS in mining site and you will get a profit almost everydays
That's what I did once. I daytraded BTC to LTC, then back to BTC. Doubled my BTC. Twice. But that's it. Actually, it was trade BTC to LTC one day, then the next day when LTC shot up, I traded it back to BTC.
Hasn't happened again. And I spent it all already.
Hasn't happened again. And I spent it all already.
Over 90% day traders lose money in stock market.
This is especially true once you factor in commissions (or trading fees in terms of bitcoin exchanges). In order for you to only break even you will need to earn a profit on each trade. I think altcoin day trading is much better than the normal day trading. Around 70% people are profitable doing it.
Also most altcoins have markets that are very much manipulated by the devs and you are at risk of falling for a pump and dump scam
Over 90% day traders lose money in stock market.
This is especially true once you factor in commissions (or trading fees in terms of bitcoin exchanges). In order for you to only break even you will need to earn a profit on each trade. I think altcoin day trading is much better than the normal day trading. Around 70% people are profitable doing it.
Also most altcoins have markets that are very much manipulated by the devs and you are at risk of falling for a pump and dump scam
There is big money in alt coins. But only if you can control the market and rise a coin and then destroy it.
Over 90% day traders lose money in stock market.
This is especially true once you factor in commissions (or trading fees in terms of bitcoin exchanges). In order for you to only break even you will need to earn a profit on each trade. I think altcoin day trading is much better than the normal day trading. Around 70% people are profitable doing it.
Also most altcoins have markets that are very much manipulated by the devs and you are at risk of falling for a pump and dump scam
I have only ever lost money day trading cryptos. But maybe I am just not skilled enough.
Over 90% day traders lose money in stock market.
Because of they don't know how to invest. They think day-trading is an easy way of earning money but it's very hard and stressful work.
Over 90% day traders lose money in stock market.
This is especially true once you factor in commissions (or trading fees in terms of bitcoin exchanges). In order for you to only break even you will need to earn a profit on each trade. I think altcoin day trading is much better than the normal day trading. Around 70% people are profitable doing it.
Over 90% day traders lose money in stock market.
This is especially true once you factor in commissions (or trading fees in terms of bitcoin exchanges). In order for you to only break even you will need to earn a profit on each trade. 
If you understand what you trying to do and focus hours on day trading you can do well.
It's not impossible but like day trading stocks you have to know what you are doing and have the capital for loss.
You cant be right all the time or be awake all the time. It's just a matter of being right when it counts and being able to take losses and move forward.
It's not impossible but like day trading stocks you have to know what you are doing and have the capital for loss.
You cant be right all the time or be awake all the time. It's just a matter of being right when it counts and being able to take losses and move forward.
Less profitable than gambling.
Gambling is designated for you to lose. Is designated Casino earns money to pay their workers and machines.
The volatility in bitcoin prices present opportunities... to lose as well as make money.
Exactly. without that would give us much less chances to earn.
This is not actualy true. "Luck"based Gambling is mathamatically designed to favour the house however this is not true for 'Skill' based gambling.
Skill based Gambling is when you play a game against an opponent such as Poker, Backgammon etc and the house then charges a flat fee, known as a rake, to host the game.
As a poker player I win, over time, playing poker however as there is an element of luck, unlike chess, then i can play to the best of my ability and still lose to bad luck (known as a 'Bad Beat") or just being card dead.
The skill of being a poker professional is all about Bankroll management and the principles can be applied to Bitcoin and day trading. Basically when i play poker i only play with 2% bankroll.
I am guessing Day traders apply similar methods when applying their investment strategies
'Skill based gambling' hahaha favorite quote of the day!
Over 90% day traders lose money in stock market.
I have stopped doing it as I found I wasn't making enough to justify the time spent
Just don't have access to the advanced trading tools needed, I guess
Just don't have access to the advanced trading tools needed, I guess
All day traders eventually gone bust.
hey guys! i have been watching the charts for a while and i recently started "gambling"/trading a bit. can anybody estimate why the price has been so constant over the past 3 days?
Less profitable than gambling.
Gambling is designated for you to lose. Is designated Casino earns money to pay their workers and machines.
The volatility in bitcoin prices present opportunities... to lose as well as make money.
Exactly. without that would give us much less chances to earn.
This is not actualy true. "Luck"based Gambling is mathamatically designed to favour the house however this is not true for 'Skill' based gambling.
Skill based Gambling is when you play a game against an opponent such as Poker, Backgammon etc and the house then charges a flat fee, known as a rake, to host the game.
As a poker player I win, over time, playing poker however as there is an element of luck, unlike chess, then i can play to the best of my ability and still lose to bad luck (known as a 'Bad Beat") or just being card dead.
The skill of being a poker professional is all about Bankroll management and the principles can be applied to Bitcoin and day trading. Basically when i play poker i only play with 2% bankroll.
I am guessing Day traders apply similar methods when applying their investment strategies
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