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Topic: Is the day trading profitable ? - page 20. (Read 12231 times)

hero member
Activity: 924
Merit: 502
May 30, 2019, 04:44:02 PM
#11
The benefits will come if you do everything right. Whether it is long-term or daily if you can find every moment that is right then the benefits will come to you so that's where you need more experience and research.

Possibly you'll get good ideas when you do some research or any other ways to gather knowledge on how to acquire better trading strategies. But somehow you need also to consider some factors that's isn't good for day trading, because most of the time each coins which is actively traded dumped at very cheaper value once it was played by some traders. Maybe you'll earned profit at fist but I don't think so that in longer terms you could earn bigger profit. There were certain scenario which cannot be prevented, panic seller also is a bigger factor that makes the price fall in worst value.
legendary
Activity: 1624
Merit: 1129
Bitcoin FTW!
May 30, 2019, 04:16:07 PM
#10
Trading as a whole isn't profitable for the majority of people simply because many people lack the correct risk management strategies or mentality to make money over an extended period of time. Daytrading certainly is profitable if you're willing to put time and energy into it, and you try to put aside your greed as much as possible.

Additionally, as a beginner, you should not be putting large amounts of money into trading. You don't know what you're doing at first, and trading with a small amount of money that you can absolutely afford to lose is one of the best ways to go.
sr. member
Activity: 854
Merit: 250
May 30, 2019, 12:34:32 PM
#9
The benefits will come if you do everything right. Whether it is long-term or daily if you can find every moment that is right then the benefits will come to you so that's where you need more experience and research.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
May 30, 2019, 12:33:57 PM
#8
It's profitable but it's one of the most risky ways of trading so it's not for everyone. Don't get into it if you don't have previous experiences with trading and good knowledge about the market and how it's functioning. Those who are skilled could make nice and decent profit but for beginners it might bring serious troubles.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 30, 2019, 12:20:40 PM
#7
Is it profitabe?
Yes it is the most profitable kind of trading but not everyone can make that most profits from day trading,and for beginner it is not recommended as well.

First try to get into trading then you can try for the most profitable one.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
May 30, 2019, 11:47:41 AM
#6
Is the day trading profitable ?
.. is like asking:

is running a business profitable?

is being a developer/doctor/engineer worth it?

is it profitable to be an author sell books?

Answers: it depends. If you're good at it, then sure. If you're not, then no. Unless you're willing to learn. Take note that trading is not easy, but can definitely rack you up with good amounts of money if you get really good at it. Unfortunately, it looks like only a small percentage of new traders actually end up successful, due to the simple fact that people mostly quit early.
copper member
Activity: 358
Merit: 2
May 30, 2019, 09:42:50 AM
#5
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?

for daily trading I think you have to learn what analytical techniques to use because it will determine what percentage of profits you want to achieve
hero member
Activity: 1092
Merit: 500
May 30, 2019, 09:25:52 AM
#4
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?

Yes it is really profitable, and besides lot of traders here got their profit from day trade dude.
Though, day trade was proven and tested to give earnings to anyone here but can also wreck our coins in the
end if We don't know the proper procedure of doing it. In short in applying day trade, we must full of idea and knowledgeable
about it.
sr. member
Activity: 2310
Merit: 332
May 30, 2019, 08:31:23 AM
#3
It is very profitable like any other trading pattern like scalping and swinging, they all depend on what you want and your strategy on how to get it. One thing about day trading and also scalping is that you are likely to be making profit everyday or losing everyday too  Shocked

use a simulator first to know what strategy would be good for you.

Do you mean demo practicing by simulator?
sr. member
Activity: 1176
Merit: 301
May 30, 2019, 07:47:04 AM
#2
It is profitable as long as you know how to do it properly ,
If you don't know a thing yet it is better to use a simulator first to know what strategy would be good for you.
newbie
Activity: 56
Merit: 0
May 30, 2019, 07:24:30 AM
#1
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?
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