Is day-trading cryptocurrency profitable? - Need opinion from traders - page 3.

MSTDR

jr. member

Activity: 37

Merit: 1

Quote from: Psynthax on December 31, 2017, 12:44:13 AM

Quote from: MSTDR on December 30, 2017, 09:42:21 PM

Hi,

I was considering learning how to day-trade so that I can profit from price fluctuations of Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. I feel that I can make a lot more money than trading stocks or commodities because the fluctuations are so much greater.

Can someone who is an experience trader, who got their experience and made overall profit day-trading stocks and commodities and is now day-trading cryptocurrency, give me their opinion how profitable this is? How closely do candlestick patterns of cryptocurrency conform with known patters applicable to stocks and commodities? How much more profitable is it than trading stocks and commodities if its profitable at all?

Also, what is the best way to start? I was thinking about watching YouTube videos on candlestick patterns as a start and then start trading based on that.

I've been doing it mate but not all of my trading activities have become successful. If the bearish was coming and then i'm sure you will get a heart attack caused by you are getting a trap at the peak. the daily trade is really worth for those coins were having very high volume

Overall, was it profitable at high volumes? How much do you think an experienced trader can make with $2000 worth of bitcoin on a daily basis?

bitcoinking11

member

Activity: 378

Merit: 17

Cryptocurrency trading is a lot more profitable than stocks and commodities trading. First, gain knowledge and experience about cryptocurrency day trading. You have to spend plenty of time looking at the chart.

gidaahmad

full member

Activity: 476

Merit: 100

Not all the coins we expect and we predict will go up every day. Fighting in the crypto world also has a challenge like this, just as we trade in the real world. Sometimes we sell, and sometimes do not sell. So, we'll get profit when we are lucky.

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: MSTDR on December 30, 2017, 09:42:21 PM

Hi,

I was considering learning how to day-trade so that I can profit from price fluctuations of Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. I feel that I can make a lot more money than trading stocks or commodities because the fluctuations are so much greater.

Can someone who is an experience trader, who got their experience and made overall profit day-trading stocks and commodities and is now day-trading cryptocurrency, give me their opinion how profitable this is? How closely do candlestick patterns of cryptocurrency conform with known patters applicable to stocks and commodities? How much more profitable is it than trading stocks and commodities if its profitable at all?

Also, what is the best way to start? I was thinking about watching YouTube videos on candlestick patterns as a start and then start trading based on that.

I've been doing it mate but not all of my trading activities have become successful. If the bearish was coming and then i'm sure you will get a heart attack caused by you are getting a trap at the peak. the daily trade is really worth for those coins were having very high volume

LSt56

full member

Activity: 392

Merit: 100

day trading will always be profitable, but you must have an accurate information channel about the market, you can see it in some telegram group.

MSTDR

jr. member

Activity: 37

Merit: 1

Quote from: cpfreeplz on December 30, 2017, 11:48:41 PM

I tried it and in the end I'm just happier HODLing. Alts are just pumped and dumped way too often and if you're not watching constantly you can get screwed so quickly. Actually even if you watch you can get screwed. It's a tough business to be in.

Were you experienced and successful at day-trading stocks and commodities?

MSTDR

jr. member

Activity: 37

Merit: 1

Quote from: scout5 on December 30, 2017, 11:47:52 PM

Is having your own business profitable?
Is starting your own company profitable?
Is being an author profitable?
Is day-trading crypto profitable?

Every single one has the same answer: Yes, if you know what you're doing.

My question is how much more profitable is it for an experienced trader to trade cryptocurrency as opposed to stocks and commodities.

I believe that the volatility creates a great opportunity for trading crypotcurrency that may not exists in the future. That's why I want an experienced traded who was/is successful at day-trading to answer that question.

cpfreeplz

legendary

Activity: 966

Merit: 1042

I tried it and in the end I'm just happier HODLing. Alts are just pumped and dumped way too often and if you're not watching constantly you can get screwed so quickly. Actually even if you watch you can get screwed. It's a tough business to be in.

scout5

newbie

Activity: 60

Merit: 0

Is having your own business profitable?
Is starting your own company profitable?
Is being an author profitable?
Is day-trading crypto profitable?

Every single one has the same answer: Yes, if you know what you're doing.

MSTDR

jr. member

Activity: 37

Merit: 1

Quote from: Wind_FURY on December 30, 2017, 10:29:28 PM

It was not for me. I tried it.

In my opinion, to be successful in day trading, you need more capital and more experience on average because cryptocurrencies are more volatile and some of them do not have enough liquidity. I also believe a lot more trading "intuition" is needed.

If you come here with no trading experience, then you will lose money. I am sure of it.

Were you experienced and successful in day-trading stocks but failed at cryptocurrency?

Also, did you study what the candlestick patterns mean before trading?

Wind_FURY

legendary

Activity: 2898

Merit: 1823

It was not for me. I tried it.

In my opinion, to be successful in day trading, you need more capital and more experience on average because cryptocurrencies are more volatile and some of them do not have enough liquidity. I also believe a lot more trading "intuition" is needed.

If you come here with no trading experience, then you will lose money. I am sure of it.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Yes but only if you have experience and know what you're doing and are ready to make split second moves like a Ninja.

MSTDR

jr. member

Activity: 37

Merit: 1

Hi,

I was considering learning how to day-trade so that I can profit from price fluctuations of Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. I feel that I can make a lot more money than trading stocks or commodities because the fluctuations are so much greater.

Can someone who is an experience trader, who got their experience and made overall profit day-trading stocks and commodities and is now day-trading cryptocurrency, give me their opinion how profitable this is? How closely do candlestick patterns of cryptocurrency conform with known patters applicable to stocks and commodities? How much more profitable is it than trading stocks and commodities if its profitable at all?

Also, what is the best way to start? I was thinking about watching YouTube videos on candlestick patterns as a start and then start trading based on that.

Topic: Is day-trading cryptocurrency profitable? - Need opinion from traders - page 3. (Read 662 times)