Is the day trading profitable ? - page 6.

DimitrisLodirogas

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Quote from: Jagobd on May 30, 2019, 07:24:30 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?

I'm getting in too!
Can someone post a few reccomedations (anything you would say to someone who starts daytrading).
Is it cool to use platforms with tools such as Coingy and Newscrypto (tools like: cointrackers, performance, charts)
Thanks for help!

supercanada1

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Quote from: Meowth05 on October 28, 2019, 12:42:33 PM

Quote from: Jagobd on May 30, 2019, 07:24:30 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's no doubt that it is profitable, however, based on the market we have now is day trade is somehow not a good option due to the fact that the market is somehow stable. Engaging in day trading requires a lot of time and effort because every time you must read the flow of the market and make a plan out of it. Moreover, this will be more profitable when you have a huge amount of funds because fees will surely be an issue.

Day trading is only profitable when the asset that is being used is a potential one and the trader has sound level of skills. For instance a bitcoin day trader who understands the nature of his holding and profession very well, would make huge amounts of profit from this. But if one of the essential is missing, he won’t survive for too long. Selection of a potential coin and patience are important.

Yatsan

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Quote from: CoinFoxs on October 28, 2019, 03:26:52 AM

Quote from: andycarrol on October 28, 2019, 12:25:01 AM

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

Daily trading is only profitable when your investment is in millions of dollar so when the price fluctuates 20-30$ or more it will give you good profit but on the other hand, it has high risks as the price fluctuates then you will lose your money in minutes. For me, long term investments are always good and profitable.

This is not true at all, day trading is profitable no matter how much is your funds, sometimes I do trading within a minute-hours of interval, you just need to do a leverage trading(marginal trading) where you can multiply the gains or lose of your money. The profit is actually big and can double the money that you put is single trade if you wait for days or week, but mostly within just hours the profit is good as long as your trade will not be liquidated.

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Quote from: bitzizzix on October 28, 2019, 01:32:45 PM

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

Yes. Day trading needs a huge capital because you need to trade between the volatility in the market so as soon as you see some volatility that you can take advantage of then you will use your huge capital to purchase or invest it into the volatile cryptocurrency. Day trading is really profitable as long as you are knowledgeable enough in terms of technical analysis.

Small or Big capital is worth it, as long as you are learning and having a profit in trading. You can add monthly to your capital or just simply trade with it, If you think you can do better do a leverage trading to multiply your money. It's simple just make sure you know what you are doing.

SummerBliss

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Quote from: Jagobd on May 30, 2019, 07:24:30 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?

Yes it is profitable even in bearish market if you have proper knowledge and skill to survive in the market or the coin in which you are trading have growth oppurtunities and you regularly monitor your investment and take instant decisions.Many have gained huge profits even in these two years with their talent of trading in this volatile market.

clickerz

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Quote from: CoinFoxs on October 28, 2019, 03:26:52 AM

Quote from: andycarrol on October 28, 2019, 12:25:01 AM

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

Daily trading is only profitable when your investment is in millions of dollar so when the price fluctuates 20-30$ or more it will give you good profit but on the other hand, it has high risks as the price fluctuates then you will lose your money in minutes. For me, long term investments are always good and profitable.

That's true sir, long term investment always paid off but of course it depends on what coins your are holding. Day trading also profitable but you must be quick thinking here with your trade.You must have a good strategy here in order to have a good profit.But sometimes when market is toxic even if you are good enough in trading, you need stop and recalculate your analysis or let the market stabilize again and resume day trading.

adroitful_one

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Quote from: bitzizzix on October 28, 2019, 01:32:45 PM

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

Yes. Day trading needs a huge capital because you need to trade between the volatility in the market so as soon as you see some volatility that you can take advantage of then you will use your huge capital to purchase or invest it into the volatile cryptocurrency. Day trading is really profitable as long as you are knowledgeable enough in terms of technical analysis.

No, you don't need a huge capital to get started in trading. Having simply $100 or more in your balance is plenty. The fees are low enough when trading crypto that even that small amount is fine. You'll start with $100 then make a few dollars on your first trade bringing you to $103. Keep repeating this and you can see how this can add up pretty quickly. However, having a lot more money to work with will guarantee more profts and more losses.

AGroose

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Sure! Look at here https://neironix.io/news/numbers/bitcoin_price_analysis_on_october_28_continued_growth_of_bitcoin_and_chinese_blockchain_projects
Here for 1 day, three projects grew by 50%. You could increase your deposit by 1.5 times in 24 hours!

JC btc

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Quote from: bitzizzix on October 28, 2019, 01:32:45 PM

Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

It needs perseverance, determination, and focus on it, and make sure that you are willing to devote your time, as its needs time and effort in doing day trading. You have o sacrifice time, effort, your sleep just for you to check a good chart, a good signal when you need to buy and to sell.

bitzizzix

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Becoming a daily trader must really work extra hard to always pay attention and analyze the market at any time to choose or pay attention to the development of traded coins, and being a Daily trader requires good skills and knowledge to be profitable, especially in analyzing.
I am not one of the daily traders because in my opinion large capital is needed to get satisfying profits in a short time.

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Quote from: zidanw on October 28, 2019, 06:35:39 AM

Very profitable because when we trade the daily period can have a daily income and also usually more free time when trading we can actually provide benefits quickly, but indeed when we want to become traders in the daily must be ready with time that might require more to analyzing the market. pay attention to market movements. and also we must have a plan so that all can be arranged neatly

Not all traders can have profit because not anyone can be a great trader, just a small group of traders can get profit everyday, but also there are many cases, even the most experience traders can't have enough profit in a down trend market. so day trading is also a good choice to help traders get more profit but that is if we have time to spend on the day, and really good patient to endure the market.

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Quote from: Jagobd on May 30, 2019, 07:24:30 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's no doubt that it is profitable, however, based on the market we have now is day trade is somehow not a good option due to the fact that the market is somehow stable. Engaging in day trading requires a lot of time and effort because every time you must read the flow of the market and make a plan out of it. Moreover, this will be more profitable when you have a huge amount of funds because fees will surely be an issue.

teosanru

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Quote from: Jagobd on May 30, 2019, 07:24:30 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 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.

zidanw

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Very profitable because when we trade the daily period can have a daily income and also usually more free time when trading we can actually provide benefits quickly, but indeed when we want to become traders in the daily must be ready with time that might require more to analyzing the market. pay attention to market movements. and also we must have a plan so that all can be arranged neatly

Trader0815

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Hi, yea i know. I am a daytrader on BTC and it is nice to daytrade with. You need to take a look on the trading fees, because they are expensive for daytraders. So you need to choose the right broker for daytrading. On my case the best is Binance where you can save 10% of tradingfees for lifetime. Just use this refferal code: W7VSZWQT.

CoinFoxs

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Quote from: andycarrol on October 28, 2019, 12:25:01 AM

I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

Daily trading is only profitable when your investment is in millions of dollar so when the price fluctuates 20-30$ or more it will give you good profit but on the other hand, it has high risks as the price fluctuates then you will lose your money in minutes. For me, long term investments are always good and profitable.

Pamadar

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Quote from: PLATO on October 27, 2019, 11:55:24 PM

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

You should set up your cut-loss in order to maintain your target. Day trading is risky, but planning your targets, both for profits and losses,
helps you enhance your chance to take every opportunities trading inside the market. There's people who are benefiting from this market even though it has a volatile market movement. They are able to anticipate and carefully manage every position that they've taken in order to earn from the market.

Traders who have more experience are able to find ways to earn. Both bull and bearish have opportunities, you just need to work with your
skills to anticipate the right position to take.

andycarrol

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I think the current conditions for daily trading are still not suitable because the market conditions are not too crowded, it will be difficult to do daily trading, it's better to do daily trading when the exchange conditions are busy so that the price movement is very fast and you can get profit very quickly.

Serco

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Quote from: wajik-tempe on October 28, 2019, 12:06:23 AM

Quote from: PLATO on October 27, 2019, 11:55:24 PM

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

Ofcourse the technical analysis is the core knowledge that we must have before doing daytrading.
And choosing altcoins that slightly stable is also needs for doing daytrade. Altcoins with no upcoming news near future is reccomended to choose for daytrading.
And for enhancing our technical skills, we have to see other experts analysis and learn from them

sharing our knowledge each other will give us more knowledge and tricks how to face unstable market.from expert analisys we will understand how they could survive for long time and able gain profits consistently.techical analisys could not separated with fundamental analisys and it work together to produce best result.

wajik-tempe

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Quote from: PLATO on October 27, 2019, 11:55:24 PM

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

Ofcourse the technical analysis is the core knowledge that we must have before doing daytrading.
And choosing altcoins that slightly stable is also needs for doing daytrade. Altcoins with no upcoming news near future is reccomended to choose for daytrading.
And for enhancing our technical skills, we have to see other experts analysis and learn from them

PLATO

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Quote from: durilup on October 27, 2019, 11:14:09 AM

Yes day trading is profitable but you have to pay attention to the market at least every hour . The market is chaging so fast with these cryptocurrencies

yes if a person who wants to earn from day trading then he will have to pay attentions and work hard because day trading is not that easy as to be consider by traders so they should work and keep their eyes on market and analyze every hour in market so that fall and rise will remain in your knowledge, trading is all about knowledge specially about day trading.

I think making a daily profit requires a lot of knowledge because only 5% of the market participants can afford it. I have tried trading day but it has not worked for me because the market is constantly volatile and sometimes the market collapses suddenly, leaving me unable to control my assets and often trend panic sell. Currently only the bull market can help you to make a steady profit so wait for the opportunity come to you in the future.

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