Topic: WHO DOES CRYPTO DAY TRADING? (Read 632 times)

More often it is not when it comes to day trading.

Opinions vary, one might work, another might not. Because we are not the ones who can see the future and hence we have to place predictions based on our own experience. But the general advice remains same, day trade if you can take that stress or go for long term holding if you have that level of patience and time.

You mean "pump"?
That is the consequence of not being able to hold the money on the market. Nobody can predict when the high or low is happening but buying and selling if not done at the proper price timing, leads to losses invariably.

Crypto day Trading is definitely good sometimes, but you have to be very careful on it even when you seek opinions from orders because it may not work for you as you think If you will go into crypto trading, I would advise you to take your time and study it yourself, because I don’t see much profit in crypto trading daily because of the much risk In it you may decide to pull out your money from the market and that is when coin will Pomp so is better you stick to the pattern you are already using that we best advice I would tell you because it is a risk.

It's been quite a while since I was engaged in day trading. Back in the day right after graduating university I had much more free time and spend some time day trading. My profits where decent, but taking into consideration the time I spend on research, analyzing the market and trading, my hourly pay was not that great. In the end it pays of more to have a full time job with a fixed salary and only trade on the side with a more medium to longterm approach. It's a bit hard to quantify my trading returns, because I was also gambling a lot at the time. Whenever I made a trading profit I would try to double it via gambling and vice versa. With a martingale strategy in roulette and black jack I made decent returns as well. Overall my best trading was definitely with doge coin and not with bitcoin. The Elon Musk hype helped me a lot, whereas with bitcoin trading I seem to profit more from hodling and longterm growth.

For me, what gives me the most profit is BTC and is still giving me the most still in this bull run as I join other activities like the event I mentioned here in my post https://bitcointalksearch.org/topic/m.63785155
I have gained over $500 worth profit from the event and will still be earning more if my target is right.

But most importantly, is better to know that trading is not because it fascinates you. You must have a reason you want to trade and if you can't get that, then you should not bother doing that

People that engage in crypto trading are people that has time in their hands, people that are not too occupied with other extra affairs of life. If you think that you have enough time on you, then I advice you to consider trying it out but first of all, you need the knowledge else you will only be playing around with diffiren lower time frames without getting anything after spending the whole day sitting in front of your computer.

What you should also bear in mind is that when you open trade on daily basis, it doesn't mean that you will actually be making profits daily all the time. There are some trades you can open that might get invalidated but because it did not hit your stop loss, you have to give the trade more time before you get the profits for that particular order, not every day profit is guaranteed even with multiple opened trades; there are days bitcoin will go sideways and squeeze the market leaving alts with no profits.

Please use a protective glass for your eyes if you want to be a daily trader, it will help you protect your eyes from screen light. Constant eyes on computer or phone have it's own side effects in the long run.

This is something that is often not considered by those that want to become traders, the amount of pressure a trader will have to withstand, even if they were good at trading, is simply too high to ignore.

Which is why the few profitable traders out there burnout relatively quickly and decide to become investors or long term traders, since even if the profits are not as good as what they could get before, at least they can get all of that money while not doing as much as before.

There are no asset recommendations I can point to for day trading that are too risky to incur losses. Do your own research for better results.
Maybe what I can recommend is that it is better to avoid day trading if you have the ability to choose coins and technical skills.
Of most of the ways to do it, I don't dare to apply it if my ability to read opportunities is still very minimal. The results will definitely deviate far from expectations.

Daily trading will go with high wild and traders will have many big problems to control. Control their market trend prediction, price prediction for coins they trade, control their emotion and they will have less time to spend in real life. Most of time will be spent idly while if they want to have better health, longer life, they must move more, exercise more and sit less.

Going wildly with this volatile market on daily basis will cost more loss than bring benefit.

Holding good cryptocurrency, first and foremost, Bitcoin is one of keys to succeed in this market.

This will vary everyday and it is a tough race to follow if you are really into it. Day traders will be tracking many different cryptocurrencies and placing orders on them every few hours. They base it on the technical indicators but some might just go with their own intuition.

Trust me, they dont last long and those who do, surely receive my respect, but at the cost of their own physical and mental health - hence it is not worth it in my opinion.

If you are coming to crypto only to look for "quick gains" you will end up in "quick losses" instead.

Sorry but I would really love to ask, what is the value in knowing what crypto I made the highest profit in; in the last 24 hours, and what amount? How does providing this information to you help you?
Maybe if you can answer, and your answer is reasonable enough, then I will really tell you what crypto I traded in the last 24 hours and how much profit I made.

But that aside, trading and making profit in crypto is not like performing a hat-trick, it's as easy as just buying bitcoin when the price is low, and waiting patiently, then selling it when the price rises, and understand the difference in trading during a bull run, and trading during a bear season, they are not the same, it's easier to trade and make profit in seasons like the one we are currently in, but in bear season, trading and making profit requires extra skill and knowledge of the market.

And overall, to be a successful trader, it's important you take your time and learn, don't rush into trading because you are fascinated by it and can't wait to experience what it feels like to trade and make profit, you just mind end up losing your money, for trading too carries with it a varying degrees of risk, depending on what coin you are trading, and the market you are trading, whether it be spot or futures, take time and train yourself or get yourself a good mentor.

Plus can we plebs truly verify that those "traders" are actually making the large amount of profits that they "broadcast" in YouTube, their private groups, and in X? I believe not, because they merely want your engagement, and that builds their growing number of their "followers". More followers = higher probability of monetizing their online presence.

In the end, we can only learn better from the experiences we have gone through. I personally also learn from many references. Starting from the VIP group, Premium and paid signals or something like that when I was still a beginner. But all of that actually only adds to basic insight. And the real insight that I have only comes from my experience in the market. I did an evaluation and kept researching and researching. Until finally I understood it. And that doesn't mean that those of us who are used to daily trading will always make a profit. Not at all. Because I also don't always get profits every day. It's just that I limit my losses to what I can afford. So risk management, financial management and psychological management are needed. And all of this is easy to understand in theory but difficult to apply in practice in the field. So experience is what will make us start to be able to apply it well. So basically nothing is instant. But everything requires a process. And that process will hone ourselves to become more proficient in trading itself.

Yeah true, it is hard but not in a way that it's difficult, it's hard because it takes time. Most people do not realize this and they think that it's hard in a way that they will not understand it, but that's not the point, you can understand it and you probably will, there is nothing wrong with that but to be able to get great at it will take time.

This becomes something that's a little bit of a discussion or argument between people, because some say it's hard and some say it's easy, they are both right in their perspective because the ones who say it's easy are people who usually put so many hours into it and when you do that it becomes easy and the ones who say hard did not put the hours into it and when you don't, it's quite difficult.

One of the most common mistake by these people is that they are really that believing on something on which we do know that it cant really be just that possible specially newbies on which they would really be having those kind of approach and beliefs into their mind that trading is really just that easy not until on the time that they would really be able to experience for themselves that they do lose up money
because they dont really know on what they are doing. Day trading would really be needing up that kind of particular skills on which you would really be needing to have. Speaking about day trades then
you would be dealing up with volatility on very active manner on which it would really be that needing up that skills that would be able to handle that kind of short term approach.

This is why if you are really just that still a noob then it would be always best that you shouldnt really be that making yourself that too confident about on dealing with it.
If you could be able to bare up with the risks then its your choice.

I agree that it's something that takes quite of time to be good at this, it is not really a simple thing to become a good trader and I agree that it would take a lot of time for people to be good at it. But when you consider the situation, I could say that it is not going to end up being all that confusing, it is really just the situation you are in.

I personally hope that people could have something that will change the whole situation, and for that to work we need to have a better understanding of the situation as well. I believe that for anyone to be a good trader, you will need to do something a lot better, which should take a bit of time to study and be a great trader. If you can give it that much time, you could get a lot better.

I don't think what crypto trading pair matter here, because it will depend on your strategy and analysis.
So for me, the best pair is a pair with high trading volume so Bitcoin and Ethereum is the best for this, now what's next to improve is your strategy to trade on this pair.

In crypto trading your capital determines the profits you would make in every trading you are doing, for like me then I mostly trade btc/usdt and usdt/NGN but currently do not have that time to focused anymore. So during trading I usually increase my capital around $500 and above to use and trade. But you can't compare someone using $30 and $100 to make the same profits as someone who is trading with huge capital like $1k to $5k, at some point I do increase my profits although my lost comes when I jump into newly listed coin in the exchange at then my knowledge about coin wasn't this vast so then I was losing on most listed coin because investors who invested at their ico time would just come dump and most times they doesn't gain back the lost again till they collapse entirely.

That is a mistake most people make, especially new investors that are entering the market. They see other traders sharing their success stories or screenshots of their successful trades and they start believing whatever they see or read instead of thinking that the same people might also be incurring losses but they aren't going to share them because it might not have a good impression on their fans and followers.

So as you said, one shouldn't believe in numbers that they hear or see from other traders and they shouldn't get influenced by such things but rather should try and learn everything themselves and then understand the things from their perspective.

Plus those "traders" who make claims that they have made big profts from the market, and then he/she will sell you a book, an expensive day-trading course, or have a paid chat group to "teach" and tell you his next trades, are actually not very profitable traders. Because why would a profitable trader share his/her secrets to the people who would be his/her counter-parties in the market?

¯\_(ツ)_/¯

In cryptocurrency trading, you can use any crypto trade and you make same profits you make with others, secondly you can make same profits you make when you use same coin maybe another person will recommend for you, in cryptocurrency you have to understand that you can trade neither ethereum or litecoin but the profit will be different, the profit making its not basically caused because of coin you use but by luck and opportunity at your entrance of trading.

as a beginner in trading I think what it has done is to examine trading strategies and ensure that it has understood the protocols of trading very well before it will be able to venture in day trading, as you said before that day trading is kind of trading that a beginner have not venture into until the scrutinised the methodologies of trading, taking direction according op instructions I think is not really advisable.

Emphasising on the profit making in trading, neither day trading or not, its obvious that profit making in any trade is been determined by the amount that is involve in your trading, making a large profit in trading will be determined by the amount of capital or funds use in trading, so op, cannot expect to make same profits with someone who using a larger capital to trade.

The OP is doing things wrong, look at how his focus is on how much money traders have made on a 24 hour period and the coin in specific which was used to achieve this, all of this even when they do not seem to know anything about the market and they have not made a single trade until now.

Basically they are not really interested in becoming a trader, they just care about the profits they believe they could get, and someone like that has very low chances to succeed, since they will fall in most scams we see on the market, on their quest to make money as fast as possible.

Don’t believe on the numbers that people are claiming. No one actually shares how much profit he or she does. You need to learn about trading yourself only. You need to understand the basics at first if you are new to trading and try trading on demo balance. Trading isn’t at all easy. Hence it’s alright to get losses at first. People learn from their mistakes only. Now it’s better to learn the normal trading first before getting into intraday trading. Learn about the risks and make yourself better to handle the situations.

It's very true that there are very few winners when it comes to day trading. We can also say that 90% of day traders are losers. If we see previous price chart of Bitcoin, from that we can conclude that for large ROI you need to HODL for longer duration. Even experienced people found it hard to handle day trading and for new people day trading is a big NO. If someone really want to go for day trading then he must put small part of his capital for that matter.   

Plus how can plebs like us win against the professional traders, who studied harder, who are simply better day-traders, who are also very well-capitalized, and who utilize an army of bots for each of their trades? We simply can't and if you compare the ROI of "day-traders" and the HODLers in BitcoinTalk, I'm confident that 90% of the Bitcoin HODLers will have a larger ROI than the "day-traders". They actually lost units counted in Bitcoin.

I checked his post history and found that he already used Paxful before, so maybe he is already a trader? But, not the daily one because he is here asking some information about it. For those who are new, yes, they shouldn't start there as it is not for the newbies. For the OP, it seems his knowledge is not enough yet for it, so he may need to learn more either from the users here or outside the forum.

I am sure there are lots of learning materials there that he can find which can help him to be good at it. Pro traders on the other hand, won't be called as a pro if they are not successful on it but we should rather say that mistakes can still be experienced by them sometimes, and that is only normal.

     It fascinates you, but the question is, do you have knowledge of trading? It's easy to get into trading, but if you don't know anything about it, it's better to learn what you need to know about trading first. Because if we just let it happen because we want to, you might just be like the others who entered here, most of whom are just starting out.

     because the only ones who last here are the people who have intense passion, dedication, determination, willingness, and patience—the kind who will do this no matter what it takes; they will do their best.

Day trading is not for everyone, better to think again.
Many are day trader and yet they failed to make a good profit at the end of the year, it is already proven that those who hold more, can have a good profit compare to the day trader. This is risky and needs a lot of attention and time, if you’re still a beginner day trading is not for you.

Indeed, this is a safe way to make a profit, but each person's conditions will be different, just like people who have a lot of free time can do daily trading, but we must have good skills in trading, apart from studying, we must enrich our experience. to perfect our trading style so that it can be used as a daily job. It's not easy to reach a pro trader, but it's not impossible for those who are willing to try

I do trade daily but not me personally, just my account with trading 24/7 using Gunbot. You can check my thread linked below.

https://bitcointalksearch.org/topic/m.63497515

It has made me some significant money with continuous trading in the market today.

That's a question you won't get an honest answer to. Just like you wouldn't ask a fisherman about his biggest catch
I myself was a day trader for a long time, but then it just became too strenuous for me, especially alongside my day job. In day trading in particular, a few minutes determine whether your trade is successful or not, you have to be able to concentrate very well and/or use bots.

If you are completely new to the trading market, I would strongly recommend working with paper trades for a few months before investing any money. Otherwise, you are very likely to lose everything relatively quickly!

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This is basically true, but of course has nothing to do with a trading strategy as the OP asked here. DCA is a form of investment (which I also use very successfully, even during bull phases), HODL can still be seen as an investment strategy in the broadest sense, although here you would actually need an exit strategy ("At what price do I sell my BTC").

I agree.

I am better with holding and there's no need for me to check all the charts all day long and I don't have to run so fast as if I'm in a marathon trying to catch my breathe because I am on a leverage.

It's better to get into the spot whether you trade or hold. But if you're firm believer of long term holding, then obviously that it's always been the best idea to hold to your wallet.

Yes it's a good strategy for the newbie's, they started trading and dreaming their money will be double in a day or week but they losses in every trade because of their wrong concept about trading because it's not a quick earning scheme. I am following your method to holding BTC and ETH and i planned to long term stored.

I can see that you are very desperate to become a crypto trader but you need to know what you are doing so that you don't end up being a loser. We can always make money from the market if we know how to trade and organize ourselves so that we can keep being Profitable in the market. You don't have to be desperate to become a trader. There are so many miseries about trading and we know to know that because we go in and starts trading. Money vbe made also loses can likewise be made.

Trading is not for everyone and not for all beginners because if you don't have knowledge and required skills as well as characteristics, you will fail in trading. It is more easily to fail than to succeed in trading.

Big or small capital, it does not make sense as if you fail with small capital, you will not succeed with big capital. With big capital, pressure is bigger and it is more easily to fail also because you will harder to enter and exit the market with your big position.

Daily trading is very professional traders who can choose good entries and are disciplines to close their positions. Amateur traders (beginners) are not able to find good entries and are not disciplined to exit the market when positions turn bad or don't hit their expectation for profit.

Haha.. Who knows who does the day trading, TBH I don't because in 24 hours based on my current capabilities and portfolio, I don't find day trading helpful in making decent profits because my entire current portfolio is based on the buy and hold strategy and I'm waiting for some exciting pumps to book some and re-enter.

In my view, day trading is not for beginners and for those who don't own a decent portfolio, or in trading terminology, you can call it capital amount. At the same time, not every day is a trading day, haha, it might look like an Instagram quote but it's a fact because to make something in the market you need volatility, and the market doesn't give enough volatility every day in the whole year to hit the target profits. I had shared my day trade history previously in a post where I've made only 2-day trades not consecutively but those were good days i made, around 2x of my entry margin in those days. As a friend of mine says not everyone is for six, when it comes you should and I followed.

HODL is the best strategy for anyone who wants to sleep soundly with ongoing investments. However, there is a rule that must not be violated, namely selling too early because of panic and only needing to buy again when the price continues to fall from the initial purchase price. Must have cash reserves that can be used for repurchases. HODL and a combination of DCA would be very good to implement. Don't just sit there, make the best use of opportunities to increase your average profit.

I'm just asking, do you have any knowledge or ideas on trading OP? Because if you answer us that there is nothing, what will it do you if someone says here in this section that they earned this amount in just a few days if you don't know anything about trading in this field of cryptocurrency?

Just remember, in the trading that we or you are going to enter here in the crypto space, the foundation is that we must have knowledge in the field we are entering; if we don't have it, we must study and find out how we can get and learn crypto trading too, right?

It is better not to have too much leverage in trading. The less greed in this field the better. Trading is a very difficult task.  Trading is not possible for everyone. Professionals do day trading and take profit. Some are very greedy and unable to protect their own people.  There are records that have gained more and lost everything by trading, and behind most of these losses there is a high level of leverage. Among the rules of trading, it must also be a low leverage, that is, greed must be controlled.

Day trading is very risky and one should not involved in it with little or no knowledge because in day trading people with sharp mind, complex knowledge and experience cannot make such a huge profit so how an inexperienced person can get profit from it.

If still you want to do day trading then first gain knowledge, get experience and don't use large amount before getting experience so in such case your little sum will just be used for enhancing experience. Use different strategies and also learn well that how to choose coin, what qualities should be keep in mind in order to do trading with good coins.

In daily trading, we actually have to have mental readiness and truly mature insight. Not just about technical, fundamental or sentimental analysis. But it is also about patience and steadfastness in controlling fear and greed.

And I remind you that daily trading is actually quite simple if we don't become greedy people. But it will be very difficult if we become greedy people. And there is no trading pair that we really focus on every day. Because I also sometimes change trading pairs several times a day. Because I usually only enter 1 or 2 positions in one trading pair. Once I am done then I will look for other trading pairs. And determining trading pairs must also go through fundamental analysis and then continue with technical and sentimental analysis. Only after that can we take a position with a plan that we feel is mature enough.

but still day trading does not always bring profits. Because there are times when I experience defeat too. It's just that I have arranged everything so that the losses do not exceed the limit I can bear. And try to keep the ratio between profits and losses higher than the profit ratio. Usually I recap everything once a week and once a month.

I don't know what level of experience you have got in trading but if you have got anything below a year of experience I will advise you leave crypto day trading alone and rather focus on gaining knowledge and that way you will be able to get more out of your trading than just jumping into it and having to learn the hard way and loose money, I will advise you go for knowledge First, know as much as possible and than you can now start thinking of possible implementation of that which you have known and how well to apply it but I would want to caution you that investing is always more preferable against trading and trading is never a guarantee you would make good money in cryptocurrency.

Hodling remains the best you can do as your level of guaranteed profit with hodling is higher than it can be with trading but then you can actually make good money trading if only you have the right knowledge and apply them appropriately as you should else avoid trading crypto.

Day trading in completely a different approach as far as investments are considered.Long term investments doesn't need much research as there are number of resources through which you can get the history of the coin.You can easily determine how it has worked in past and you can then determine that what will be its future.

While in case of day trading it's very difficult to guess the behaviour. A very deep knowledge and efficient skills are required to gain profit on investments as far as day trading is considered.If you don't want to lose money have a deep research and get some experience by investing small amounts this'll help you otherwise it'll be very difficult for you to go on the right track

Or not "day-trade" entirely. Merely be a pleb and HODL the best coin in the cryptocurrency asset class there is called Bitcoin.

No "logs" for trades, no Excel Spreadsheets, no Technical Analysis, no Indicators, no charts, simply buy then HODL. You'll have better sleep, better mood, and you'll be healthier and it will save you from mental insanity.

Do you have an extensive experience in trading? Because day trading is stressful and very risky.
Any coin/token will do in trading as long as there's a good volume and you have to be mindful that in day trading, you still need to analyze the price trend so you can know how to set-up your target price. Day trading can be profitable if you know how to do it properly, better to test the market first before trading big money.

That's right. Day trading provides more losses instead of profit and that's why if someone who wants to make money, it's better to hold. Like what we're having now with Bitcoin, if you're just holding and watches the market, you're in profit effortless and sweat less. But can't also stop those people that want to day trade if they have a dream to become a day trader someday. If they are good on it, they can continue but if they have no luck in doing so, they can always change their minds and choose a better way and that's to just hold.

You have to find out for yourself, because asking people, even if they are experts, will only lead you to regret when it turns out that what was conveyed does not match your expectations, and also by finding out for yourself will increase your knowledge about the characteristics of the existing coins. also how the market works on these coins.
Coins with high trading volume on major exchanges will give you the opportunity to be able to trade at any time and their movements are quite fast compared to coins with low volume.
Coins that are being pumped or in a bullish period will move very quickly but you have to be careful because trading will not always give you profits but also losses if you do it without being careful, even being an investor by buying and holding it for the long term will give you more profit in my opinion compared to day trading.

From the many experiences people have told about day trading, I think it would be better to avoid day trading if we don't want to lose money on the trades we make and indeed it would be better for us to hold until the profit we feel is sufficient then we will be able to make a profit from holding. within the time period that we have determined, of course this will be better than expecting profits that we will not necessarily be able to get in daily trading and I have never tried it because there is a big possibility that if I do that I will lose my money in daily trading.

I remember the time when I was still trying to do this day trading, especially in futures. I already set a plan that whatever happens, I need to earn X amount of dollars as profit. I made trades here, and there until I reached my daily target. That continued profit lasted for about a week until one wrong entry in the future made my money diminished in about a few hours only.

Curiosity will not lead you to be profitable in day trading, and I would suggest not doing it at least for now that you're a newbie (I assume). Do spot trading first if you want to trade. Don't jump straight to futures or you will get liquidated very quickly. Trust me, I'm not doing day trading in crypto, but I've seen people losing their money including myself doing this one.

That's long time ago for me and I don't do it anymore. I can say that it's not worth it for me to do those day trading stuff and the expectation of making some decent profit. I'd just set a position for how long and then will leave it there and set some some selling position whether it's reached or not, my money is just sitting there. And with the motivation that you're having, I'd discourage you to think on how much daily profit someone can do with it. Just take it like some other days are good days and there are bad days. With that, you'll think to yourself if you are for day trading or not.

Well, in my previous days or previous trading, I did fay trade, but for some crypto coins, usually altcoins and memcoins, and also bitcoin, I got tired of it because day trading is stressful in both mental and physical aspects. That's why I stopped day trading and focused on the long term, as there are more chances that you will be less stressed. I don't know what coins are good for day trading. Maybe those altcoins like Ethereum, XRP, and many more are more like coins that have existed for a long time. You can also do bitcoin, but the thing is, bitcoin is more efficient for long-term trading, or, in short, holding it for too long. Example: Right now, bitcoin will be making another historical event, which is the result of those investors who hold on to their bitcoin for the long term. Anyway,  good luck if you really want to do day trading. Just be prepared for the hard work of it.

I don't do day trading, but once I also started to fascinate by it and tried to learn it from YouTube and other free courses, and learned a few basics indicators that would help me to judge the market, besides that, I never did day trading, less number of people do day trading due to the stress and pressure, for example, if you would be doing day trading to the day you would have made profit and loss both. As BTC went from $59k to $64k and then went back to $59k this have liquidated million of traders.

I suggest even if you want to start day trading, first try your luck with paper trading or backtesting, as this will make your strategies more valid and build confidence in you, confidence is all we need, BTW I would love to hear what fascinates you more and are you planning to do day trading in Future? As, if big profits facinates you and free money from Future facinates you, then they are bad things to facinates on.

The fact is that regardless of the results that will be published, you will not be able to repeat them in reality, as it depends on your level of knowledge and many other factors that will vary depending on the phase of the cryptocurrency market. Moreover, some here may write about super results that have never happened.

As far as I remember I have taken only two-day trades from the day I am in the crypto space after that I started to invest in the long term well I am not saying I will not take any day trades anymore but I will take them in the future.

I had a day trades in two newly launched projects which were JITO I have made 2.4x from this trade and another was in Sats but I don't remember how much I have earned from this. Both of these trades were in Spot and Both were successful trades luckily. I am not a good trader and do not have good knowledge about Technical analysis but I can do fundamental analysis. I am on the learning phase about the Technical analysis when i will feel now i have much knowledge then i will start to do day trades but i know the fact in the field of cryptocurrency more we have knowledge will be counter as less which means we always have to keep learning

I bet you came to the conclusion that you can make tons of money from trading after seeing a video from youtube or other social media but day trading is the most risky and you could lose profits in no time that you made all day long and if two bad trade then you could lose from your capital too.

Day trading og BTC/USDT or other stable coin is the less risky compared to other coins still its not recommended to begin with when you are new to trading.

That would depend on the amount of capital you will trade with and how you will manage your trades. That's going to be your lifeline and your control over whatever you are going to do. There are different markets and you need to know what your strategies are going to be. You can use tools like Gunbot if you like.

Are you also newbie in crypto trading? If yes, then I don't recommend to you for go in day trading, It's very difficult to success even for professional traders.
You can trade in long term and I hope you can success just buy some good altcoins and If you have good fund then invest in Bitcoin for 3 to 4years.

You did not told us anything about your prior investment experience, do you have any or are you a complete newbie when it comes to this? If it is the latter I will tell you have almost no chance of succeeding, so do not torture yourself asking about the best trades other people made as you will be unable to replicate their results.

It is better for you to start as slowly as possible and just become a long term holder, then use all of that time to learn more about the markets in general, and once enough time has passed you can reconsider your decision to become a day trader.

The experiences of others will not help you in knowing whether day trading is profitable or not. Day trading is advanced trading, so if you do not know trading or have tried to do it, you will most likely achieve losses.
I prefer trading in altcoins/USDT pairs, as the probability of making a profit is better, and the profit is in dollars. You can achieve a growth rate of 10% at best per month, and a rate of 5-7% on average. If your investment is $1,000, what you will get per month is $50 at best. For beginners, losses may occur.

Who does crypto day trading?

They are two types:
Professional traders who can trade daily and get profit daily. Very scare traders can be professional and get daily profit.
Another type of traders that is most common, greedy traders and they are unprofessional. They want to get daily profit and want to get rich from trading but as described, they are unprofessional and even lack of knowledge, experience so they will end most of days with loss.

Since you say it is out of curiosity, this means that you are not an expert in trading, so I do not advise you to trade daily, and if you want to experiment, you should start with a small capital in the beginning. I also advise you not to use leverage at all in the beginning until you gain the necessary experience.

If you are not an expert in daily trading, you must first acquire the necessary skills because it is not as easy as some people think. You must observe and learn first and be patient until you feel that you have become qualified to trade.

I'm not gonna tell you which crypto asset delivered the best for me in 24 hours as this is not going to help you in any way. You just need to discover yourselves as an intending trader. If I start now till tomorrow telling you about my good trading days in the financial market based on the history of many years, I think I will have enough to tell you. But to what end? Just know that people are making huge money in the crypto space, just the same way people are losing and ruining their trading accounts daily. With this knowledge, you can see that telling you how best I earn will only be a noise if you are wise. What will be beneficial to you is the advice on how to learn and train yourself for successful trading.

You need to focus on how best day trading works and is being approached for successful trading, and even if you are already trading other styles, you must know that day trading is short-term trading and requires more accuracy and skills. This includes decisive management and plans that will help you to know the overall trend of the day and maximize it with minimum risk exposure. As little and cheap as this advice is, it will go a long way in helping you get on your feet. Just make sure that you risk a little every time you trade, and the right use of stop loss and support and resistance strategies should be able to do this for you. Lastly, the price action is so important in day trading as well. If you are building such a unique strategy that will be safe during the day trading activities, no matter the strategies you are using primarily, a simple price action for confirmation is always a big edge.

Good luck to you!

Trading is risky. I am telling you that to be very careful. As you can make profit, it can be losses instead. Many people do not have good history of trading.

What I have learned in trading is to trade good coins and do not leverage. Just go 1x. But if you are getting better, you will know the right leverage that you should be using. Do not use high leverage.

Trade with small amount of money.

Longed Solana with leverage in December with 14x leverage and ended up being up around 250-300% in just less than 8 hours(if I remember correctly). With that said, I wouldn't recommend active trading and most especially leverage trading to anyone. 95% of people are far better off just holding spot.

I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks