Is the day trading profitable ? - page 5.

lienfaye

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Quote from: conex on November 01, 2019, 05:00:11 PM

Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

I also tried to be a day trader for a short time but I think it was not the best strategy for me as it gave me stress and headaches if I missed the timing to buy or sell. You have to spend lots of time monitoring the market, but if you have other job it might not work. Well it still depends on your time management and strategy, day trading is profitable but not as easy as it seems.

conex

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Yes it is, if done correctly of course. Daytrading is a way of life and it's not the easiest job you know.
Did it for 2 months but didn't turned out as planned. I was using tools on sites like Blackfolio/newscrypto etc. Will probably get back to day trading when i stop working.

logicgate

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Quote from: ioanbtc on November 01, 2019, 10:41:27 AM

All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.

Good idea to become a good day trader we should abstain mistakes but if make any mistake try to learn from it and don't repeat as much as i know day trading needs full time work and you will have to remain present in market all the time if you can do this then trade for day it’s profitable. Day trading has so much earning but only need an expert mind.

Darooghe

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If you have a lot of self-control, look at the 1-day charts, select good entry points and set reasonable goals for profit. Lots of the folks here don't have that, they're FOMO buying and HODLing too long to chase that extra 5% spike in value that lasts all of a few seconds. Greed is what puts a lot of altcoins traders with easy profit opportunities into red.

First thing you need to know is that this isn't a get rich quick scheme. You will lose a lot of money learning to trade and unless you're comfortable with the initials losses, you won't make it. At all. If you can manage 5% a day you will be a millionaire within the year, My advice is, throw whatever amount you are okay with losing into BitMex and learn the system and start messing around. You need to practice, develop a system and learn to control your emotions before you can begin to think about making money trading.

ioanbtc

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All depends on how much experience you have and how much you try to make every day, if you not make mistakes you can make profit.

carriebee

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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 will profitable it depends to your capital , you know how to manage it well. But if you are not sure to day trading much better to study it first so you get some idea about day trading to avoid big losses too. Research is a big help to collect some strategies too about day trading or ways of trading, because as you know we are different strategies to make a good profit it comes to trading.

Omega Weapon

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Quote from: teosanru on October 28, 2019, 10:57:11 AM

Day trading is profitable I have seen a lot of people making fortune out of it. But on an overall scenario only 1% out of all the day traders become successful and actually earn money. Most of the day traders lose money because not everyone has the ability to take over on their emotions and make decisions quickly. Only a few are blessed with such instinct. Moreover there is path to become a successful day trader and that path consists of tons of failure until you reach your goal. Most of the people just don't have the patience to continue until they reach the successful stage.

This is common not only among day traders but among traders in general, many are attracted by the possibility to increase their capital in a short amount of time not realizing that money needs to come from somewhere and the money comes from the many people which come to the markets and lose it all, this explains the great disparity among traders in which most lose their money, a few earn some money and even a smaller minority seem to get most of the profits.

Triffin

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Quote from: kanayaTabitha on October 31, 2019, 03:20:05 AM

Quote from: Apened on October 31, 2019, 02:14:17 AM

Quote from: jakoylantern on October 30, 2019, 12:03:04 PM

For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Yeah every traders must be experienced loss, and even it is called daytrading, we've not always to sell it in one day, if will depends on the market condition also, if a coins that will have a good news or events in several days, holding for days is not also bad for daily traders. And splitting trades into many coins is a must for a daily traders.

Not every day trader lose money but some earns too it depends on the trader either he likes to sell on daily based or to wait for the good time. Day trading is really not an easy task but people mostly enjoy it and earn money from it with help of their knowledge and keeping an eagle eye on market. We also should learn trading well if we want to become day trader.

kanayaTabitha

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Quote from: Apened on October 31, 2019, 02:14:17 AM

Quote from: jakoylantern on October 30, 2019, 12:03:04 PM

For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Yeah every traders must be experienced loss, and even it is called daytrading, we've not always to sell it in one day, if will depends on the market condition also, if a coins that will have a good news or events in several days, holding for days is not also bad for daily traders. And splitting trades into many coins is a must for a daily traders.

Apened

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Quote from: jakoylantern on October 30, 2019, 12:03:04 PM

For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well.

Well said, i will going to add more. There are certain cases that even a trader master or know how to trade they eventually loss. The reason was they're not that kind of daily trader they need to adjust their time and any other things to be a day trader. Every trader has its own trading system and different kind of setups. So my answer is day trading really depends on a traders somehow it is profitable.

Best Dreams

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Quote from: kanayaTabitha on October 30, 2019, 03:09:56 AM

Quote from: sulendra12 on October 30, 2019, 02:51:48 AM

Quote from: d3nz on October 30, 2019, 02:35:06 AM

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

I think if our intention to invest for a long term, we don't need to check the market and look our trade often because we will panic when the price drops and we ended cutloss, and when the market price rise again we'll buy it again and we'll experience a big loss.
Checking investment for like every month is enough if our intention is for long term investment

Risk is only for those who are new or who are not having knowledge about trading for me there is no such risk. I like to trade for the long term only but the reality is trading has profit even if you are trading for the day. You will have to gain Knowledge then there is no risk for us. Day trading has a huge amount of profit only needs knowledge.

jakoylantern

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For me, yes, daily trading is profitable, especially if you are an expert in trading. Becoming an expert in trading is very difficult because there are so many things to consider before you become one. Gaining skills is not that easy, especially if you can't calculate it will/ can't analysis. Doing TA is challenging because you need to analyzing statistical trends gathered from trading activity, such as price movement and volume. But you are a daily trader, that's why you also need to learn the fundamental analysts. There are so many things to consider and to learn, but if you master both sides, I'm sure you can profit very well.

matchi2011

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Daily trading can provide a lot of profit when cryptocurrency price movements at the exchange place is very fast because you can take advantage of such moments to make a profit, because if market conditions are quiet and there is no price movement it will be difficult to get profit from daily trading.

Not all the time we can get more profit in daily trading, But if we want get enough profit in daily we should take a good coins to trade or a popular coins. And we need to use to trade are those exchange site that are safe like binance. And yes it was difficult for us to get profit in daily trading need time for that on how to earn even do a small amount it was enough.

He's referring with the condition of the market, when you want to invest with short term trade and make a daily profits then you need to find projects that have good volumes and the movements is not stagnant instead moving faster, both sides there's still possibilities that you can earned if you have a good timing to place your entry and your exit point. Your knowledge are the driver to find and select moving coin for your benefits.

alan2here

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Quote from: d3nz on October 30, 2019, 02:35:06 AM

I think it is profitable and you can make a lot of money by doing a day trade but it will depend on the movement of the token/coin you are trading on the market and how much of amount you have so you can earn a lot of if you have bought a large amount of shares.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

If you choose day trading to make a profit, you need to have a good temper to calm down because the high volatility of the market can cause you a lot of difficulties in investing. I think not everyone is confident enough to do this because just a small mistake in the transaction will make you easily panic in this market. I am afraid of losing money in this market so I will usually choose short-term or long-term investment to ensure my profits better.

In fact, you need to have a lot of experience in trading and need to focus a lot on the market because not every day you can make money and certainly the pressure in investment will make you feel more worried.

kanayaTabitha

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Quote from: sulendra12 on October 30, 2019, 02:51:48 AM

Quote from: d3nz on October 30, 2019, 02:35:06 AM

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

I think if our intention to invest for a long term, we don't need to check the market and look our trade often because we will panic when the price drops and we ended cutloss, and when the market price rise again we'll buy it again and we'll experience a big loss.
Checking investment for like every month is enough if our intention is for long term investment

sulendra12

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Quote from: hahay on October 29, 2019, 05:48:57 PM

Different if you do a lot of ways but you do not have the skills and a mature plan, if that happens even if you ask for advice from others you will still find it difficult to make good profits in trading.

It's much better to master one method each time before learn another one than learn 9999 methods but none of them are working. It's all about focus and knowledge, it doesn't matter if you just know how to do it but practically you never do it.

Quote from: d3nz on October 30, 2019, 02:35:06 AM

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

Long term trade also requires you to check the market. If it was a risk, then what is the point of trading then?

d3nz

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I think it is profitable and you can make a lot of money by doing a day trade but it will depend on the movement of the token/coin you are trading on the market and how much of amount you have so you can earn a lot of if you have bought a large amount of shares.

And day trading is very risky since you need to always check the market and position your trades so you will not miss anything if it will pump or go in dip.

hahay

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Quote from: sulendra12 on October 29, 2019, 04:09:18 PM

It doesn't matter if you do day trading or long term trade. Every method and plan requires different strategies and it doesn't work to just mix match it. Instead of keeping with only one way to earn, you can just do both to maximize your profit. Kinda hate when someone asking X stuff but they didn't do that in real world.

Right, whatever is done with a planned strategy so even if you only focus on day trading or long term trading I think it will generate good profits. But indeed, it would be better to do both because that way you can take advantage of every moment, and all of that will definitely be profitable. Different if you do a lot of ways but you do not have the skills and a mature plan, if that happens even if you ask for advice from others you will still find it difficult to make good profits in trading.

WatchMaker

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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?

Day trading is very profitable these days but you have to know what you are doing to get the profits. First, you need to learn about day trading from the basics to actual trading. Trading is not easy you must learn to trade before you can make money with it. thus, learning about trading is compulsory or else - you'll end up losing your money. You may start learning about trading from YouTube crypto trading tutorials, it is free.

sulendra12

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It doesn't matter if you do day trading or long term trade. Every method and plan requires different strategies and it doesn't work to just mix match it. Instead of keeping with only one way to earn, you can just do both to maximize your profit. Kinda hate when someone asking X stuff but they didn't do that in real world.

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