Topic: Is the day trading profitable ? - page 11. (Read 12231 times)

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?

Every style can be profitable according to the approach we take for it. If our approach is not on the mark, it could create noticeable problem for us. So the first aim should be towards getting the way right, after that we can add on with any style we have desired for to trade with. I like all types from day trading to scalping to long term. I also prefer all types of trading, especially Crypto Trading, which is just so very beneficial.

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.

People really became millionaire by day trading?
I really need some reference links and want to know about there successfully tragedy.
According to me they really would have taken high risks for which they got huge profit.
Nevertheless lets wait for the best, and i hope someday my day trading will also make me somehow rich.

Day trading is profitable as long as you are willing to monitor in your all day long you can earn or profit a big amount. Some people l know in here become millionaires quickly because of trading. Even its too hard now to have profit because of low volatility. I experience also daytrading really gives profit in every trade.

About trading it will at least be profitable if you really have the skills and experience about trading itself. So, it doesn't matter what you choose in trading because even though you say day trading will be profitable but you don't have the good skills to do it, then what you do in the end will only waste time.

In my opinion so far, daily trading is more profitable and safer than weekly or monthly trading, because we can take profits quickly and cut losses if price movements do not match what we want.

In my opinion there is not much different between day tradings and other kinda trading which are you talking about. People do trade their own interest. No matter which way you like or choose you have to face two things loss and profit. I do not prefer you for day trades because it's too much risky and you are newbie it'll take times too understand it. Just trade randomly take time before you go for big fish and learn everyday from your wrong and right steps.

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.

There are people who will say that it not profitable because it doesn’t profit them. I don’t really take what people has to say, if I want to do something I just go ahead and do it by myself and know whether it will be profitable or not, cause what might seem profitable to you might not be the same for other people. But, don’t just go into trading if you have not read about it or studied the major facts that are going to be of help in it.

Before you start trading cryptocurrency you will have to learn it and understand how it works, then you can decide to try it and know whether it’s going to work for you or not. If I want to do anything, I go ahead and do it myself and when it is not working for me, then I quit from it and start looking for something else. There are things that would work out for you but you might end up missing it due to what people has to say about it.

So my advice is that you try it out yourself and maybe do it for like three months and know whether it will work for you or not. There are lots of people that are making money through trading ,whether during the bull run or the bear market, they are always trading and making profit. So if you can learn and be like these people, then nothing can stop. But, if you try and it seems not to be working for you then you have no other option than to just give up on it and look for something else.

The answer to this question is obvious. If you have knowledge, it doesn’t matter how, when and with what you trade, because you can still make a profit.  For those who do not have knowledge, it is better not to trade in a bear market. If you want to trade, it is better to try to wait for the bull trend and start, in this case you will have less chance of losing your money, because it is easier to trade on a bull trend than on a bear trend.

actually, you don't have to be a daily trader to be more profitable...
You can choose to become a weekly and monthly trader depending on your comfort and financial condition. a little advice from me, you must be a weekly trader so that your trading instinct quickly appears. weekly trading is very convenient for those of us who have little capital and who want to build trading instincts, but if you have large capital and are able to read the market you should be a daily trader.

The interesting point is both types of traders trade the same quotes/charts/trends but on the dissimilarly connected timeframes. Strategies can vary conditional on the market pulses, the party is not limited to the music. Profitable trades can turn to the losses if it wasn't controlled with the correct money management. Fundamentals teach us to read the given data, analyze the market behaviour and open the new trade with the last accepted decision. The rest will be done by the market, different tools on the trading platforms help us to manage the whole process.

it all depends on your choice and how perfect you are in trading. day trading might be beneficial if you can perfect your  trading and knows how to sort out tokens with liquidity and also exchanges. most trades might be delayed due to poor trades on exchange. things you need to consider if you wants to engaged on day trading is the exchange and the token you want to trade.

It depend on your capacity and knowledge about day trading as this is I guess one of the riskiest ways here in crypto profiteering.i have known few people who enters Daytrading but ended nothing and losses all of their assets because of being aggressive to earn
In daytrading patience on finding a good coin/token to buy and you must be ready in semi long term holding when time comes that your currency suddenly drops overnight.
And also never listen to anyone advising you because this is your money and you must be the one responsible for this

I think, it just depends on how you act when executing your day trade. I think the key point is being rational and never act with emotion. For example, even after reaching your target profit but being greedy may resulted with huge losses. When people make losses in an unexpected way, they generally have a tendency to trade more aggressively  and it ends up with more losses. Other thing is that not exposing your account to risk more than 2%. Technical analysis and experience is also key indicator for a profitable day trading. However, It is important keep in mind that there is always a chance of making losses no matter how good your strategy is.

When you say you are prepared, it means as a new trader in this business industry you are aware to all the
consequences which you might encounter in the future, it can be good or bad, you can win and you can loss too.
Are you aware of this things? Yeah, its right trading was really profitable if you're action is right, but if not you can
also be wreck, hope you get my point. Because not all the time you can win in the game.

As far as trading is concern, any method of trading is profitable, but the thing is, you have to know what principles to follow and how to go about it. Day traders are making profits, swing traders are making profits as well. It all depends on the strategy you intend using.

Day trading no doubt that is really profitable that is if you are trading the right coins in the platform dude.
Because once the altcoins is wrong it won't be profitable at all because its useless. And make sure you are knowledgeable
in applying day trade to your daily routine in life.

for beginners do have to start with small capital and remain patient until good skills, now if you only rely on capital without skills I think it will still be disruptive and detrimental to finance. especially if you do a daily trader surely the profit you get will be disrupted