Is the day trading profitable ? - page 8.

Aying

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Quote from: d3nz on October 05, 2019, 12:55:54 PM

As long as you know what you're doing then you can make profit. I've experienced doing a day trading and it will consume your time and need to always check the chart every hour(for me) and very stressful since you need to buy or sell and make a stop loss just in case you miss a sudden decrease of value.

But if you have a lot of free then you can do it and better to always have a target price.

Still need to improve. but with this idea we can accumulate more strategies. and day trading is not easy as we think. just imagine that we loss big if we are careless and not focus on market. and not easy too to find any alts to buy and sell. time management is useless if we can't have knowledge how we should start in day trading. we should need to experience this all to make our trading skills improve.

InvestorCrypto12

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Of course, daytrading can be profitable. However, as a beginner it takes a lot of time to learn and understand the market. Before you understand and learn how the market works, you will not make any money. The big problem is that many people never get to that stage as they have seen daytrading as a quick and easy way to make money. Before embarking on daytrading, one must acknowledge that it takes time and is not easy.

crossabdd

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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?

what is your experience qualified? what I mean about graph analysis, MA, RSI, patterns, etc. and look for news about crypto, and determine which coins are good. because daily trading desperately needs it. in addition to determining the target profit and loss must also be calculated, 2-5% of daily profit is good. Do not trade all in daily. unless you really have good information and supportive graphics.
Buy when you get a rumor, and sell when the news is released. it's very powerful for profit. and profit or not, is your own ability to determine.

bitzizzix

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Daily traders are only for people who continue to be active online to always check the market situation, and the profit you get depends on your expertise because to do that daily traders must have good analysis to choose potentially profitable coins in a short amount of time?

and most daily trades only make a small profit compared to old trades that are more profitable, it all depends on your goals and needs and if your income is only from trading, there is no harm in doing your daily trading even though it is risky.

Zanzibet

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Yes, it is. With enough leverage, anything can be worth trading on a daily basis, i.e. enough return can be made for the time spent.To be clear, if you are trading using BTCUSD on a daily basis you dont have to sit front of the charts all the time. Trade off on Daily time frame, so that you have to only look at the charts once or twice a day and make trading decisions in just a short period of time.

qwertyup23

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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?

It depends on your experience and reserved capital on day trading.

The problem with day trading stems from its very root- being very risk. There are traders who lose their investments everyday due to day trading but they quickly recover those losses depending on luck. Also, it varies per coin depending on what resource you would invest on. Preferably, you would want to invest on high volatile and priced coins in the market and withdrew them quickly once the price increases from 10-15% from the initial price you acquired them.

It all boils down on experience, knowledge, and luck. There are experienced traders who still incur loss in day trading but it may be profitable once you start having the knowledge for it.

partysaurus

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my roomate does alot of daytrading on the stock market and the btc market, he watches charts and find a good spot to get in and a spot to get out, but he has alot of discipline.
Most people that trade are mostly gambling guessing where it will go and that never works in the long run.

d3nz

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As long as you know what you're doing then you can make profit. I've experienced doing a day trading and it will consume your time and need to always check the chart every hour(for me) and very stressful since you need to buy or sell and make a stop loss just in case you miss a sudden decrease of value.

But if you have a lot of free then you can do it and better to always have a target price.

doomistake

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Quote from: ?? on ??

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 we can gain profits. How? I would advice you to have minimum best 10 coins in your portfolio. Invest in any one of those which is low in price. Then wait patiently and dont rush. I am sure, in 4 to 5 days time, you will certainly gain a little profit. Set your limit and look for other coin which is too low. This is how you keep shifting your investment. Certainly you will gain yourself.

I'm not sure about that, day trading demands plenty of time, you have to be alert and stay awake pretty much all the time or less you'll miss your chance having so many profits in your wallet. Day trading sure gives you quick profit if you will trade the coins that has high volatility and high trading volume, such as bitcoin itself. Day trading is very risky since one wrong and you're done for that day.

This is just for the people who have a strong heart and prepared to lose any amount of capital every single day, this is also called "short term" Trading.

AicecreaME

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Day trading is profitable for people who have very good experience towards the analysis the coins because most of the coins are not profitable and it completely depends upon the coins we choose.

All of the ways on how will you Trade your coins are profitable, it relies on how high quality you are in Trading.

Quote from: ?? on ??

Choosing the right coin will always help us to make some decent profit.

A big NO for me. This is not true at all, there is no right or wrong coins in the market, the only thing that could go wrong is your analization, you could buy a coin which you thought it is a good one based on your technical analysis, but the next day you bought a coin that has more potential than you bought the first day, in short, they are still both going to give you profits, the only difference is that it is you who made the call.

No one even told you to buy that coin, the responsibility is all yours, so in buying or choosing a coin to trade, always take your time to make your final decision.

TheUltraElite

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Quote from: ?? on ??

You can get more profit with more transactions, which takes an incredible amount of energy in the case of day trading. There is practically no time to analyze the situation. You need to be constantly concentrated and attentive, otherwise, day trading will bring only losses. Besides, you can earn only by conducting a large number of transactions. More deals - more commissions need to be given to the exchange. Thus, it is a risky business.

In day trading you need to have some bots running to give you information. Thats why developing skills will help the trader, or maybe a team of traders with developers running a day trading box jointly with their individual shares. The tough thing is that not everyday would be good for a buy/sell margin movement and thus they players are going to try more of jumpy altcoins and not everyday would be in their terms.

The advantage of long term holding and selling is that you would lose very little sleep over your money if you are confident in the asset you bought. I wont call trading a business. Its a method of making money by speculation separate from gambling.

Dread Pirate Roberts

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Quote from: udidrone on September 30, 2019, 12:31:02 AM

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Depends on what coin we choose to use for trading. maybe in addition to the top 10 coins very possible price changes that are very far 'dumped' that is why before determining what coins you want to be the choice of coins for short trading, you need a little research about the news and also read a little market chart that is happening last week.

Chiyoko

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Quote from: udidrone on September 30, 2019, 04:00:17 AM

Quote from: Chiyoko on September 30, 2019, 01:45:26 AM

Quote from: udidrone on September 30, 2019, 12:31:02 AM

Quote from: voltesbit777 on September 30, 2019, 12:22:22 AM

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading, day trading is good if you know when to buy and when it need to sell already.

Some people maybe already face their coin get dumped very hard. What make it different is how they solve it. That is why i said technical analysis is very important. We can't always ask other people what should we do when we stuck in a coin. Because if only rely on something like that we will left behind.

Yes, if you have friends that you can have suggestions with trading this can be help for you they can guide you what should do and what things shouldn't do . it will lessen your lost if someone will guide you before making a decision about trading.

udidrone

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Quote from: Chiyoko on September 30, 2019, 01:45:26 AM

Quote from: udidrone on September 30, 2019, 12:31:02 AM

Quote from: voltesbit777 on September 30, 2019, 12:22:22 AM

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading, day trading is good if you know when to buy and when it need to sell already.

Some people maybe already face their coin get dumped very hard. What make it different is how they solve it. That is why i said technical analysis is very important. We can't always ask other people what should we do when we stuck in a coin. Because if only rely on something like that we will left behind.

Chiyoko

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Quote from: udidrone on September 30, 2019, 12:31:02 AM

Quote from: voltesbit777 on September 30, 2019, 12:22:22 AM

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

Yes sometimes coin dumped very hard ,that is the reason why you should know the all the strategies in trading, day trading is good if you know when to buy and when it need to sell already.

udidrone

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Quote from: voltesbit777 on September 30, 2019, 12:22:22 AM

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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Don't forget about technical strategy, before trading people should know any strategy that can help them in any condition of market. Because rely on luck and buy / sell coin is not enough because although you can get profit from it, but wouldn't know when you will face problem with trading like coin dumped very hard.

voltesbit777

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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?

You must be ready to enter into crypto trading, otherwise, you must be ready to fight there should be a weapon in your hand. Day trading can help you a lot if everything you do is right and orderly, First you have to buy the coins you need, secondly, the exchange you use for day trading, having High volume in the market is huge traders is a huge advantage

Bezobraznike

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Quote from: Alice Nuttal on September 24, 2019, 10:41:05 AM

Any way of trading is profitable, the matter is how experienced and skillful you are. Day trading is not that easy, you need to have a quick reaction, constantly monitor the market, know technical analysis and be able to read candlesticks, etc. But if you're prepared for that, pick a user-friendly exchange like CEX or its additional platform CEX.Broker, https://cexbro.com/. The exchange itself is quite comfortable and reliable, and you can start from simple trading and see if you can perform it in a profitable way.

Statistics says that most of the day traders lose money, just handful of them make a profit. From comments on this forum, this statistic is accurate, I see more people who complain
than the ones who wrote about making profit.
We have many good exchanges, user-friendly, many trading tipsters, but it looks like that does not help much. I advice people to invest in holding first, and after they finish with that
to try trading with some small amounts. Only like that you can feel comfortable, if you day-trade with your entire amount you will be nervous and afraid from losing that amount.

jhonjhon

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Quote from: SARA ISLAM on September 19, 2019, 01:43:22 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?

Actually all kind of trading is profitable if your strategy is working well. My opinion is that you firstly need to test your strategy on the live market within a small balance.
For me day/short trading stressful, long trading take much time but low risky, mind it BTC Market so volatile.

That is the common problem of some traders, they have strategies but the question is if it is effective or not. This thing might have to clear for all traders, it is not all about knowledge and skills in trading but to have luck as well.

Yes, trading is a risky thing and not for everyone. We can try this but the question is if can survive the stressful life.

Alice Nuttal

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Any way of trading is profitable, the matter is how experienced and skillful you are. Day trading is not that easy, you need to have a quick reaction, constantly monitor the market, know technical analysis and be able to read candlesticks, etc. But if you're prepared for that, pick a user-friendly exchange like CEX or its additional platform CEX.Broker, https://cexbro.com/. The exchange itself is quite comfortable and reliable, and you can start from simple trading and see if you can perform it in a profitable way.

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