Is day trading profitable or just a waste of time?

[Bitxalt 452]

actually not a matter of how to trade, but the suitability of traders using technical and methods, many traders make a lot of profit by doing full day trading, but for me, I do not fit into full day trading because it is more draining, thats just for example

[Bills 583]

16 hours ago, Audu514 said:

Opposite action is always taken by must client that goes on to trade that makes them loose or faill in generally the way out is to be careful and knowledgeable......

Most influencers will give you hope as advice, but hope in the market is not good, it is best to cut it.

[Cryptominded 704]

On 11/1/2019 at 7:37 PM, mancuren said:

You do nоt ехpeсt tо bе a milliоnairе by invеsting $1 оr $100.  Еverything has it's соst аnd а gain rаtio.  To make millions yоu need to havе deсеnt quаntity of investmеnt that they had.

Beyond that you need to have vast and working knowledge of how the market works and the right skills for  taming the excesses of the market else even with all the cryptos on earth, you are sure to back at 1 just with time.

[jcarlo 206]

On 11/2/2019 at 1:30 AM, reduktor said:

Daily trading of course claimed to gain trading experience and know how to move currencies I recommend it

Indeed, daily trading can provide benefits if we are able to have knowledge about trading. Without knowledge of trading and being able to make analysis, I think it would be very dangerous and could result in losses

[Cryptojochecandolsky 8]

It becomes a waste of time when if you dont know how to earned profit. It becomes valuable when you holding increase in value after several times you are waiting. 

[spyaquino 907]

I do daily trades, and I confess that has been yielding well, not much is gained, but in the short term is a good gain yes, because I also don't have time to spend more time negotiating, I try to make small trades when I can in altcoins / BTC, and always try to win, even if little .. You can profit yes.

[CrazyIvan 258]

2 hours ago, davids said:

It is not difficult to make money day trading but most people go about it all wrong and end up losing money instead. The "secret" to making money daytrading is twofold:

1. don't get greedy and

2. correctly capitalize your positions.

Yes, greedy people get burnt really quickly. When I started I would get burnt, nowadays in trade for around 2% net profit, which seems small, but really starts to add up. I don't recommend reinvesting made profits, except for when your stack of money is really small, than I do reinvest for a few weeks. After the weeks I just take the profits. 

In my vision: pave a steady road and take your profits. Once you double your money, you're risk free

[Deborah Christine 410]

Trading is profitable if you can trade properly. Trading wastes time if you don't understand trading and always lose. So before trading you must make sure that you are expert in trading.

[Bills 583]

On 3/11/2019 at 3:06 AM, Audu514 said:

Yea just wanna build up confidence in myself to take risk at all time  in making my trade

Yes, I usually compare it to going to the gym, they tell you: gain weight and do fewer repetitions, they will give you more muscles and this is not the case, something similar happens with losses when the trader is hopeful and does not cut his losses.

[lelouchDvalen 14]

is better weekly trading day trading is more risky because many coins in days is not to much move.

but the key trading is profit sell and need more patience.

[Naga 1250]

After 10 years of successful bitcoin rallies and altfoins pumps and people turn from broke to rich in few months you have the audacity to ask if its profitable or not? Of course its profitable. 

[salakka 76]

i think for daily trading stilll profitable if we come to market have big volatility ,but if we entering market on low daily average it would be hard to get some profit

[Rounak sarkar 117]

Yes I suggest you to keep continue your practice !!

It's good for you after all does not listen what does society Said to you, keep your focus on this section. If you fail any time so member it "fail your pillar of success".

[Bitxalt 452]

we cannot be guided by how we trade with other people, because everyone has their own way, and as a trader we must find our best way to profit, in my opinion it is not guaranteed, full day traders are not always profitable and frelance is also not always profitable, because trading is not just a theory and technical, but also involves psychology

[Bills 583]

2 hours ago, Audu514 said:

Yes but when he have mind that he can win it or he must win the trade I assured you he will win the trade

Yes, the risk will always be present, the good thing is to know how to operate as the market is more understood to minimize losses.

[TimopheyKa 3900]

All same here on your choice. There are risks everywhere, some minimal, some high. As it seems to me, you do everything very correctly, if the daily trend brings you income, continue in the same spirit! As say great people: Silent you go - further regulation!

[yifnt 666]

It depends on your free time, if indeed you have more time to trade it is not a problem. Trading is better to be a passive income and not a main income but it doesn't matter, I just suggest you have another job or small or large businesses that will make your finances more stable

[Lucifer 134]

It depends on your experience doing trading, day trading requires you to be aware of every second you spend in front of the charts so my recommendation for new ones is to see the chart for 1 hour or more.

[jcarlo 206]

23 minutes ago, themightygambler said:

No, it's not wasting your time. Day trading if done right, in my opinion is very profitable, Try it with a capital of about 0.005 BTC with a target of 1000 Satoshi / trade and you do it 10 times a day you have 10,000 Satoshi. With greater capital, of course, the benefits are also greater.

Agree, if we are obedient and disciplined in the analysis and strategy that we have made, trading can be profitable. People lose trading because they don't prepare strategies and tend to panic easily when the market moves volatile

[Bills 583]

3 hours ago, Audu514 said:

Ok studying the the market is really important to avoid much risk. When you are always considering the market you will understand it clearly

Indeed, but it is something difficult to achieve, and still managing to understand it is sometimes done against what we think, there are actually many things that every day you learn.

[Congli18 154]

of course, the trading day is very profitable for me, because the price of my coins has increased. so today is quite profitable for me. and not only waste my time for today.

[Deborah Christine 410]

Trading doesn't waste time if you are good at seeing which coins can give you profits in a short amount of time.

[nenni 96]

For me it is very profitable, although what is currently obtained is still a little because the price of crypto is very cheap

[Casinoval 330]

On 11/1/2019 at 6:30 PM, reduktor said:

Daily trading of course if the claimed to gain trading experience and know how to move currencies I recommend itii

Yeah Daily trading is good for gaining experience and if you improve in Daily trading you could make a lot of money, it is highly recommended.

[aika 286]

1 hour ago, igglybuff said:

Being day trading for me is the most complicated and difficult to do trading style, you must at least have studied concepts and trained a lot in fictitious money exchanges before trading with real money.

Fictitious money exchanges? Enlighten me, like simulators? I haven't heard about stuff like that online.