Is the day trading profitable ? | Bitcointalksearch.org

d3nz

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Quote from: huige007 on December 24, 2019, 09:39:00 AM

Quote from: Assface16678 on December 22, 2019, 08:05:50 AM

Quote from: doomloop on December 22, 2019, 07:06:39 AM

Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

Altcoins are always chosen by investors for short term or day trading since they fluctuate in prices easily and that too within days. Bitcoin is a mighty coin which does not fluctuate in price within days or weeks; rather it takes months and years. We all know that there are two types of investments but what matters is which type is your type. Often people go wrong here and this is where their downfall starts.

I preferred trading altcoins that has big volume within 24hours and also bitcoin. I don't want to mention an altcoin that is really good for doing a day trade because it is very complicated and i don't want to blame by someone that pick that what i have suggested.

And I think that day trading is really good for making a profit if you really want to take a risk, making profit of long term trading is really good but it will takes time and you really need to wait.

drachman

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Quote from: doomloop on December 22, 2019, 07:06:39 AM

Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

Which is why I have chosen long term trading as my favourite way to trade the markets, without a doubt there are day traders out there that can make a lot more money than what I have made with my system, but to me that doesn't matter because the profits that I can generate come from only watching the markets each day a few minutes while the profits that they generate come from watching the markets almost obsessively every single day with no rest and that is something that I do not want to do.

lina2018

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my personal opinion is yes, trading is profitable if you can analysis the market properly

doomloop

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Quote from: coin_1122 on December 24, 2019, 01:28:15 AM

Quote from: MRY on December 23, 2019, 09:31:51 PM

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

The thing is since bitcoin is down, whole market will stay down and this is not happening for the first time. I believe that prices are going to move upwards when halving will occur and that is expected by the mid of 2020. Right now the best thing is to simply buy potential coins and keep them in wallet until and unless market does not turn green again. There is no need to sell any potential coin in disappointment.

huige007

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Quote from: Assface16678 on December 22, 2019, 08:05:50 AM

Quote from: doomloop on December 22, 2019, 07:06:39 AM

Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

Altcoins are always chosen by investors for short term or day trading since they fluctuate in prices easily and that too within days. Bitcoin is a mighty coin which does not fluctuate in price within days or weeks; rather it takes months and years. We all know that there are two types of investments but what matters is which type is your type. Often people go wrong here and this is where their downfall starts.

Shimmiry

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Quote from: coin_1122 on December 24, 2019, 01:28:15 AM

Quote from: MRY on December 23, 2019, 09:31:51 PM

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

Trading is one of the most common transaction today there are many users are exchange their money and gain profit by doing it. In trading we have two way of earning first is the long term trading, this method takes a long time before you earn and the coun suit for this transaction is the bitcoin because before the price change it takes a lot of time to earn, but also bitcoin is the most profitable coin too. Still, it would help if you waited for a long months or year before you get your earning next is the short term trading this is the process you can make money every day, but bitcoin is not suitable for this it is ideal for altcoins because those coins are volatile too but does not change too much unlike the bitcoin, those methods are both profitable it's your choice.

coin_1122

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Quote from: MRY on December 23, 2019, 09:31:51 PM

I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

As of now, it is impossible for me to predict because whenever I buy the potential coin the price is going down, now every coin situation is the same. Instead of losing money it is good to stay from the market until we see some positive movements in the market.

MRY

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I think, to get profit in trading then you have to know the movements of the coins that you will trade on the market whether they have good movements or not, so if you can find good coins and you understand the right time to buy or sell then you will be able to get profit

hahay

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Quote from: atjiat on December 23, 2019, 12:46:17 PM

Judging because it is happening on the cryptocurrency market, I assume that many traders refuse daily trading in the volumes with which they worked in past years. The situation is really unpredictable and therefore the risks are increasing. Several of my friends generally transferred their assets to more stable cryptocurrencies in order to protect themselves from losses.

When prices are more stable then of course it's not right to make it a day trading, because day trading itself will at least work well when prices can move up and down in a fast time but indeed, the percentage of profit is not much but it's better because that way we will make profits slowly every time whenever it is.

HarmonyA

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Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

It is profitable if you can apply the principles properly. You should devote your time to it, by so, you will be able to monitor the various factors that influences it which will enable you place your buy and sell margins effectively.
I am a day trader, so I am advising out of experience, I must say again that it is lucrative but there are loses too which do not have much significance if you are well informed about the market.

qiwoman2

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It can be a real earner if you know what you are doing. You need to have great virtues to be a successful day trader and tow of those are tenacity and patience. Tenacity to have the guts to follow your gut literally and that voice within that knows better what to do - your guidance coming through intuition and also the patience to wait for the right opportunity to pounce and to know when to be still and when to move in this volatile market of ours. You can't just blunder in and expect to be an expert form day 1 because you want to get rich quick. You need to study the pairs very well the ones you wish to trade and also you need to do a lot of thorough research so if you are left holding any bags, at least the bags you are holding are part of a really legit project or show good promise. Another bit of advice, don't follow FUD or FOMO, usually do the opposite of what these subliminal voices want you to do.

atjiat

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Judging because it is happening on the cryptocurrency market, I assume that many traders refuse daily trading in the volumes with which they worked in past years. The situation is really unpredictable and therefore the risks are increasing. Several of my friends generally transferred their assets to more stable cryptocurrencies in order to protect themselves from losses.

gabmen

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Quote from: Assface16678 on December 22, 2019, 08:05:50 AM

Quote from: doomloop on December 22, 2019, 07:06:39 AM

Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

^^^ i don't think you quite understood the difference between trading and making investments dude. Fay trades, bu definition is not an investment. The aggressive approach that trading has is not how you make investments. Even short term investments take longer time compared to making day trades. The risk involved is also a bit different as i've always believed day trades are a lot difficult to master.

Assface16678

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Quote from: doomloop on December 22, 2019, 07:06:39 AM

Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

In trading, you must know what kind of investment do you want because it depends on how many profits does give it to you. Trading is a converting your coins into another profitable money. In trading we have two kinds of investment, first is the long term investment it takes a long time before you get your money, bitcoin is suitable for this kind of investment it is too long before you get your money. Next is the short term investment this time altcoin is good for this because the price of those coin does not have a massive difference in the price.

doomloop

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Quote from: drachman on December 20, 2019, 08:42:28 PM

Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

This is a matter of fact that there are traders who do best in day trading and on the contrary there are others who secure big profits in long term trading. So in short no type of trading is good or bad, it is how you deal them and what your skills are regarding the type of trading. Of course if short but constant profit is desired, going for short term is great but if otherwise is desired, go for long term trading.

Darooghe

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Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

The potential is pretty high for get a lot profit, probably higher than most people make if you’re good enough. the reality is that most people aren’t successful. for one, Focus on consistent profitability, then figure out how to maximize your gains from that without taking on too much risk. However, If you want to become a professional trader then don’t limit your options. You can trade without hemming yourself in to day-trades. There are any number of option strategies where you can make 40% to 50%+ annually and more reliably, but that may take days, weeks or even months to develop.

onyek16M

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Quote from: sayaya17 on December 02, 2019, 06:08:54 AM

Of course, daily trades can be profitable if we are already experienced and must have experienced a loss. So not necessarily every day profitable because in the sidelines the next day sometimes the market can not be controlled and can not be in the predictions according to technical analysis, even though in fact the daily trader should always pay attention to the chart Their daily trading.

have experience in trading and knowledge about losses can not remove the lose because it just minimiz. in the right now day trading still profitable see the cryptocurrency price not stable so take profit for daily is good to do
in trading you just see the chart, event of coins such bitcoin will halving so you can take it, etc

drachman

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Quote from: Jagobd on May 30, 2019, 06:24:30 AM

I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?

All forms of trading are profitable, that is not really the question, the question is if you have the necessary skills in order to obtain profits from those forms of trading, I will be direct with you day trading is by far the most difficult way to obtain profits in the market but it is also the most profitable, this is what brings many traders to try their luck with day trading, but even if you were profitable you need to understand the huge level of complexity and difficulty that entails and most likely at the moment you do not have what it is necessary to obtain profits from day trading.

Triffin

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Quote from: Malamok101 on December 03, 2019, 07:49:25 AM

Quote from: conex on December 02, 2019, 05:02:17 AM

It's profitable if you know how to do it, anyone with decent experience in trading can make profit in day-trading. There was an interesting thread about daytrading concerning psychology but i can't find it at the moment, will post it when i find it.

Ofcourse daily trading is good and need some experience and it will take to be study as usual without experience in daily trading it is hard to predict price and market flows.

It is not hard work for them who are experienced as trading is not possible without having experience. Day trading has a lot of profit but better learn it well before starting as keep your eyes on market and work hard to become an expert trader, day trading needs more time than long term trading but the earning is also good.

FLoving

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Quote from: Andrew Parker on December 02, 2019, 05:40:18 AM

Yeah, it’s profitable way to do day trading, but needs to be done with proper calculation. And I do just that with help and support of FreshForex and their mighty Rebate scheme, it’s fabulous and helps big time to have any strategy as profitable.

It is profitable but at the time when all of the coins are in the rising position while in this time it is better to hold our coins for long term because it is the time of bitcoin bull run and in this time all of the coins are waiting for the the halving after which majority of the coins will start to gain value as the traders will start trading their coins.

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