Is the day trading profitable ? - page 10.

bellaayu

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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?

Everybody wants to benefit from trading. With our now natural conditions, it may be easy to make a profit. I suggest that if you want to make a profit, you can invest in Bitcoin.

Bitcoin is very dominating the market and if every day is observing the market, especially for Bitcoin. Prices continue to experience movement, and it is better to buy when Bitcoin conditions are red. And sell when you have the advantage, but do not hold too long.

serantepe

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I tried day trading at the beginning of 2017 year, but at that time absolutely all currencies showed good growth. It seems to me that there is a chance to trade for a short period of time only when you have a large portfolio of assets.

milandres0207

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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?

First and foremost day trading is really profitable, but it needs hard work to achieve success in trading.
You need to learn everything in trading starting from the basic about it, chart reading, candle stick, buy and low system
and etc. In addition to that you should be patience, self-control and don't panic.

Polar91

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Quote from: nydiacaskey01 on August 29, 2019, 05:44:15 PM

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

I think it's not good to shift from day trading into long term trading just because you made a mistake. If you're planning to do a day trading, then you should set a risk management such as stop loss otherwise you'll get stuck from the sudden dip of an altcoin you're holding. It's not that bad to accept our mistake and then try again for a better opportunity; that's what it takes in trading.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: jhonjhon on September 06, 2019, 04:29:09 AM

How you measure preparedness? We could only say that we are prepared for this if we feel no regrets in every decision we have to make.
Willingness to put our money at risk and possible time to be wasted.

One who is prepared to lose money is prepared enough. In trading you lose a lot of money if you end up putting your money in the wrong coins. But putting them in the top few coins can also make you lose money for a short period of time. So day trading would not be everyone's cup of tea. If you want to remain healthy without having to check prices all day and sleepless nights, you could simply buy bitcoins and hold for long term gains before selling them and buying again.

Quote

Isn't profitable anymore, if it will continue like this...we are just wasting our time for nothing and possible for losses in the coming days.

Yeah maybe 10% gain/loss is a bit excess since the market is not moving that much these last 2months but it is possible and traders would take advantage at least try to for even 3-4% gains.

Apaxy

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Today, we have a very difficult situation in the cryptocurrency market and every trader can confirm that under current conditions, daily trading carries not only great risks, but it is very difficult. Perhaps all the difficulties lie in the right choice of promising coins, but only professionalism and extensive experience can bring good results for the trader.

conected

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Quote from: ?? on ??

if day trading is done correctly then its the profitable for sure , I was also not profitable in day trading but I read some books like ,

how to day trading by ross Cameron

then I knew what was the mistake I do then I slowly my losses turned to profits

- And the story you tell is a convincing proof that trading day is still profitable but before we reach our profit levels, we will need to go through the first losses when what we are choosing is a quick way to earn profits, fast always means there will be more danger, you have felt and many people participating in day trading have felt. However, not all participants will be profitable, day trading requires very high talent and market sensitivity, some people will move from loss to big benefits, some will move from small loss to bigger losses

Bunsomjelican

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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?

Of course it is profitable, as long as you are full of knowledge of about trading dude.
Now the question is, in what way you became prepared for trading, do you know that aside from
it is profitable, it can also wreck you in just one wrong move? are you prepare for that too?

jhonjhon

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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?

How you measure preparedness? We could only say that we are prepared for this if we feel no regrets in every decision we have to make.
Willingness to put our money at risk and possible time to be wasted.

Quote from: ichai on September 06, 2019, 03:46:47 AM

There will be days when you have a profit of up to 10% and also some days when you lose up to 10%.

Isn't profitable anymore, if it will continue like this...we are just wasting our time for nothing and possible for losses in the coming days.

ichai

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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?

There will be days when you have a profit of up to 10% and also some days when you lose up to 10%. This is a very interesting game and it requires the alertness of traders.
If you lose your focus for a moment, the market can regain all your profits within days.
Day trading is quite risky, so we need to practice more and learn more to avoid such risks.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

Yes, every trader will not able to do day trading because they don't have good experience of trading.

Being experienced in trading and being able to day trade are two different things. The second person is more advanced user who prefers to rely a lot on fundamentals and probably does trading for a living, while the first person is a general public who trades in crypto for some time now.

Quote

Not on the base of fast-moving, but also we need to concentrate on technical skills about the market upward trend and downward trend. An experienced person will manage to recover his loss through day trading.

Its not just about knowing a trend or recognizing it. Its sometimes about proper predictions before that trend happens. Once the trend has set in you dont have much choice but to wait and watch, but if you catch a wave before it hits then you make a big profit. Also if you come from stock market trading then the day traders, at least some of them gave insider info which gives them a better edge. Again the ability to pump the market and dump it by coordinated groups also if important here.

TheUltraElite

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Quote from: ?? on ??

Day trading may be profitable likely maximum profit few hours or minutes market when an uptrend, day trading basically profit instantly so that people are like day trade main benefit wait for few time profit huge.

That doubt about profitability is always there. It becomes more of a gamble when you day trade. Moving to holding those coins because they dropped from your buying point, is one of the things that day traders hate to do but it happens often because of listening to other people's opinion and not using your own knowledge. I know there are a lot of scammers in this space, who promote a certain coin to make people day trade on it but they are actually just shilling it.

If you manage to make money from that, then more power to you. But for those who are more watchful long term holding and buying back with selling is what is better.

stadus

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Quote from: nydiacaskey01 on August 29, 2019, 05:44:15 PM

Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

Definitely they would say it's profitable because the you have more opportunity to trade due to market volatility but it doesn't matter everyone will be profitable, it is still depends on the skills in trading, if you have skills, you will likely become profitable.

People has to understand that day trading and long term trading both have risk, but comparing the two in terms of profitability, day trading is of course more profitable since you can maximize your income if you have the skills.

nydiacaskey01

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Even if most of the replies in this thread says it is profitable if you don't try it, you will never your answer. There is no right and wrong answer if they say it is profitable or its not profitable. It depends on the market situation when you bought your coin. You can't always stick to day trading specially if the price suddenly dropped. You will be forced to switch from day trading to long term holding in some situation to gain profits.

PuertoLibre

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Quote from: EdenHazard on August 28, 2019, 03:34:51 AM

Quote from: Pamadar on August 27, 2019, 11:08:36 AM

Quote from: Bunsomjelican on August 27, 2019, 08:41:41 AM

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

Yes the more you practicing to trade , the more you'll know to take care every situation , reading the market trend fundamentally and technically.
With daily trade and a good bankroll management in it , there's no way you'll receive a huge loss or a streak loss often , just set a short term profit percentage and a long term like weekly/ bi-weekly profit percentage... stock to all of them , discipline is the key!

That's how I'm doing my day trading , so far so good better than working at dunkin donuts .

Day trading adventures are worth to spend time analyzing the market trend both fundamentally and technically. Fundamental analysis is required to find the main exit for the current trend which can turn to the bear/bull reversal pattern. The long term trading has some disadvantages that can not be discovered in the short term day trading.
More practice will polish the trading experience and dropdown will tend to decrease with given timeframes. I don't want to risk investment with small market movements, joining long term trend with solid money management is more than enough in my case.

EdenHazard

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Quote from: Pamadar on August 27, 2019, 11:08:36 AM

Quote from: Bunsomjelican on August 27, 2019, 08:41:41 AM

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

Yes the more you practicing to trade , the more you'll know to take care every situation , reading the market trend fundamentally and technically.
With daily trade and a good bankroll management in it , there's no way you'll receive a huge loss or a streak loss often , just set a short term profit percentage and a long term like weekly/ bi-weekly profit percentage... stock to all of them , discipline is the key!

That's how I'm doing my day trading , so far so good better than working at dunkin donuts .

Cherylstar86

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Quote from: Julien_Olynpic on August 27, 2019, 07:32:27 AM

Intraday trading is much more complicated than other types of trading. This requires a lot of preparation and good risk management. In such trading, you should definitely use stop loss. But stop loss brings its risks. You can be knocked out in the foot, after which the price can go in any direction.

To make secure of day trading we should pick those fast moving coins that's efficient for day trading. Avoid any circumstances that put you into potential loss. Trading is somehow unpredictable, but with day trading profit always depends on how you deal with it specially the risk behind. You can expect huge profit during bearish trend, so it's a case to case basis.

muhhentuhhen

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Quote from: Bob Smith on August 22, 2019, 02:16:40 AM

Profit comes to those, who have knowledge. Trading is not profitable based on what time you trade for, but rather, how you trade. Similarly, day trading will also be profitable if you have a good trading plan and are done with the education and research part. Profit comes to those who have knowledge on analysis, on markets, on country. Education will never stops. If you have good trading plan with sound risk management, it won’t bite much.

So, if the guy asks this question, it means that he is not yet an experienced crypto trader. I suppose that he must not deal with the day trading now, but spend some more time to learn all about its pros and cons. Doing it, he will come to the conclusions without anybody's help and start earning good money.
For skilled people, day trading can be really a very beneficial business.

Pamadar

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Quote from: Bunsomjelican on August 27, 2019, 08:41:41 AM

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?

My answer is day trading is more profitable than anyone else here in crypto business.
Only thing is that you need to have a knowledge with it and have flexible time to monitor it
form time to time because you know the price was too volatile and the market also was unpredictable
too, perhaps you knew it already right?

It's your instincts that will lead you to a successful journey doing day trading, there's a lots of people who have different approach working with system that will give them a good chance to get something out from the market, if you can take the risk and handle every possible outcome then you'll find a good ways to make it work for you, take a good call and place your position in the right timing.

breathlessz

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Trphy.io

for me it is very profitable daily trading. with high fluctuations, we can use it to make a profit. but it is not easy to trade daily, because we need to learn techniques and psychology. Daily trading has a high risk, with fluctuations that occur, if we make a wrong move, we receive a large loss. therefore learn first, before real trading

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