Is there someone successful on day trading with crypto?

[ScamViruS]

Well, I'm sure that daily trading is successful, it can only be done by those who have a lot of capital and have very good analytical skills, but if there are no needs as I mentioned above then daily trading will be very difficult to do.
To be honest, until now I don't want to do daily trading anymore because the risks are too high.

Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.

[bisdak40]

Well, I'm sure that daily trading is successful, it can only be done by those who have a lot of capital and have very good analytical skills, but if there are no needs as I mentioned above then daily trading will be very difficult to do.
To be honest, until now I don't want to do daily trading anymore because the risks are too high.

Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.

Same here, i used to do scalping but still it was very stressful that i felt that my health is compromised that i decided to quit. They are right when they say that day trading is not for everybody because of certain factors that everybody won't possess. Maybe copy trading is a bit less stressful, i'll try to study this one and venture into it if the result of study is positive.

[Litzki1990]

There are many traders who usually do short range trading like he takes a trade and he has some profit in that trade and he immediately sells his coins and waits for trading on the next day. People who trade on a daily basis usually need to do a lot of market analysis. Those who have enough time and can devote enough time to monitoring the market charts and candles usually trade every day. By trading every day you will only make profit but sometimes your checking is wrong and because of that mistake you lose a lot of money. At that time when money is in loss but a trader must not sell his money at a loss rather he waits for some time until his loss is recovered. But if a Tedders can trade in the right way then he can definitely make profit by trading every day

[Thyplaymaker]

I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.

What do you think is there a day trader who can make a good profit daily?

Being a day trader is never an easy task, it need more time and practices, so if you haven't gotten much experience I will advice you to stick with your spot trading. Because is more safer than using future trading and to avoid any form of liquidation. One thing about Spot trading, is that you can gain alot profits from it but it depends on the amount of money you are actually using to trade. And if you keep on focusing on others wins you won't be able to grow a good portfolio for yah self. Because you seeing others winnings via social media would bring the urge of you wanting to make it big pretty fast ( which is not how things work). You have to take your time and trust the process, and focus on minimising losses, because minimise loss = more wins = more profits.

[Gurujebs]

I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.

What do you think is there a day trader who can make a good profit daily?

Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.

If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.

[bayu7adi]

I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.

What do you think is there a day trader who can make a good profit daily?

Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.

If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.

The basic concept is that the risk of daily trading activities alone carries quite a large risk. Plus leverage makes the risk even greater. I always assume that adding leverage is adding risk to trading. One may be able to make huge profits from it, but remember the assets that are liquidated on Binance or on other futures trading platforms are victims who fail to overcome the magnitude of the risk.

I think there are those who live off profits from daily trading, and up to now perhaps the strategy they use is very good and highly disciplined so they can still make money even when the market crashes.

[Best]

There are people successful in trading. I mean, looking at those Elite traders on Bitget copy trading with huge profit but then this makes me think, is it possible to be like them?

Yes, it is very much possible. But there is a lot of hard work to put in there and a lot of patience to condole to get there or even get better than them

[ScamViruS]

Same here, i used to do scalping but still it was very stressful that i felt that my health is compromised that i decided to quit. They are right when they say that day trading is not for everybody because of certain factors that everybody won't possess. Maybe copy trading is a bit less stressful, i'll try to study this one and venture into it if the result of study is positive.

There will be stress in trading, I don't think copy trading will go beyond that. I also have no knowledge about copy trading, I can study it. But currently I am looking at long term trades and keeping all these things in mind as halving is coming, I am currently trying to keep more cash in my account to catch the right opportunity. So now I give more importance to investing compared to day trading, by doing this I am getting a lot of comfort in my health as well as mentally.

[BitMaxz]

Futures trading is as good as doing gambling, one day you will make some losses and the other days you make some profits. How you survive this market depend on the kind of leverage you chose to use, if you use a high leverage, you can make a high profits but the tendency of making loss it will be higher.

If you use a low leverage, you can make profit as well and the tendency of making huge loss will be lower, so how you survive the brutality of the market depend on how you choose your leverage in this market.

I stopped on future trading I see huge potential to rich quickly but it depends on your technical analysis and strategy and you should know how to use leverage wisely if you only enter on the patterns with high probability you can increase leverage to higher but also take note of liquidity based on my experience if you don't manage the risk properly you can't make a good profit in trading and your account will end up liquidate for me, it's a real gamble if you enter in futures without deep technical analysis and strategy.

For now, stay on spot I see much potential in spot and the movement is not so sensitive compared on future trading.

[Charles-Tim]

I stopped on future trading I see huge potential to rich quickly but it depends on your technical analysis and strategy and you should know how to use leverage wisely if you only enter on the patterns with high probability you can increase leverage to higher but also take note of liquidity based on my experience if you don't manage the risk properly you can't make a good profit in trading and your account will end up liquidate for me, it's a real gamble if you enter in futures without deep technical analysis and strategy.

It is better to use just 1 leverage if trading futures. Altcoins are dangerous and they have different volatility. Only technical analysis is not enough but also other strategies are important. My advise to future traders is that even if they can go down as low as 0.1 leverage, it is better because the lesser the risk.

For now, stay on spot I see much potential in spot and the movement is not so sensitive compared on future trading.

I think holding can be better. No stress but passive income if the market increases. No shitcoins needed.

[Jamal Aezaz]

Day trading is always risky, because even with good skills, any unexpected bad news can turn even a profitable trade into a loss. Since those who do day trading are dealing with large funds, there is a lot of stress in day trading. But there are some traders who are making regular profits from day trading and can apply their skills properly in their trades. I also used to day trade and at one time I thought I should quit day trading because I made a lot of losses day trading.

Day trading is risky and everyone should accept this fact but if someone don't learn to overcome their mistakes by thinking that trading is risky and loss is confirmed then they cannot get profit ever. Beside this risk there are lots of people who win their trade on daily basis and their losses are minimum.

 People can just want to earn through day trading but they don't like to learn for it as a result of which they never earn according to their wishes. Skills and knowledge is must for trading and person should also familiar with technical analysis and should be capable of getting details from price chart.

[BitMaxz]

It is better to use just 1 leverage if trading futures. Altcoins are dangerous and they have different volatility. Only technical analysis is not enough but also other strategies are important. My advise to future traders is that even if they can go down as low as 0.1 leverage, it is better because the lesser the risk.

Futures very risky I stop unless if I have another capital I maybe try to play again on futures. I did lots of mistakes the ROE is too sensitive if you set it to high leverage and another thing is if you don't make profit in 50x or 100x you will lose in future fees makers and takers I tried 1x leverage I was just a bit confused I thought that if I set it to 1x leverage they don't give a loan but its different they don't have option to use only your own funds to set a short you still need to pay high fees.

I think holding can be better. No stress but passive income if the market increases. No shitcoins needed.

Yeah agree but we always miss some opportunities on ups and downs it needs a deep analysis with a good strategy you can make a bit of a percentage of profit.

[EthereumDev_]

There are people successful in trading. I mean, looking at those Elite traders on Bitget copy trading with huge profit but then this makes me think, is it possible to be like them?

Yes, it is very much possible. But there is a lot of hard work to put in there and a lot of patience to condole to get there or even get better than them

As long as you can follow it well and can control your patience well, there is a possibility that you can get the same profit as the copy trading that you use, but remember that the capital you use may be very different so profits will depend on the capital used for trading.

[MrSpasybo]

I recently focus on becoming a day trader but it looks like it's pretty hard in crypto and spot trading.
I don't know if there is someone can live as a day trader I tried for almost a week what I can say at first I lost and then while watching and keep practicing it seemed I learned how to the market move but I can't still make a huge profit I am making but still not good percentage unlike other day traders that you can see mostly on youtube. I just keep avoiding futures because I lose 20% instantly in a single trade not good if you don't have much practice in too volatile market.

What do you think is there a day trader who can make a good profit daily?

I also intend to spend more time becoming an intra-day trader: opening and closing orders within a day to get a good night's sleep instead of worrying about the investment even though I have placed a stop-loss order. Many intra-day traders are very successful thanks to their discipline, they manage their capital and psychology extremely well. During a bull run in the crypto market, their profits are not as large as those of long-term holders because the price of tokens can increase while they are sleeping and the market is open 24/7, but it is also very good and balance grows steadily over time. I think becoming an intra-day trader is a professional goal!

Some of the difficulties that I am also facing when trying to use a demo account to trade intra-day is that most indicators are only effective for the weekly timeframe, this is just my personal feeling, many other intra-day traders are still using them very effectively. At the same time, I also have to get used to the possibility of missing out on opportunities in the market in exchange for the safety of my investment capital, the feeling of regret can lead me to make unwise decisions the next day and lose money. Fortunately, everything is still only happening on the demo account, not affecting my DCA account.

[BitMaxz]

I also intend to spend more time becoming an intra-day trader: opening and closing orders within a day to get a good night's sleep instead of worrying about the investment even though I have placed a stop-loss order. Many intra-day traders are very successful thanks to their discipline, they manage their capital and psychology extremely well. During a bull run in the crypto market, their profits are not as large as those of long-term holders because the price of tokens can increase while they are sleeping and the market is open 24/7, but it is also very good and balance grows steadily over time. I think becoming an intra-day trader is a professional goal!

Some of the difficulties that I am also facing when trying to use a demo account to trade intra-day is that most indicators are only effective for the weekly timeframe, this is just my personal feeling, many other intra-day traders are still using them very effectively. At the same time, I also have to get used to the possibility of missing out on opportunities in the market in exchange for the safety of my investment capital, the feeling of regret can lead me to make unwise decisions the next day and lose money. Fortunately, everything is still only happening on the demo account, not affecting my DCA account.

I tried intraday it is extremely difficult but if you have a strategy and you are following the rules of managing the risk you can be successful in making a good profit than losing much in trading.

A sample strategy is by checking support and resistance by following the rules of opening a position short or long position you should only execute it when it touches to support or resistance zone and always put a 1 to 3 percent stop-loss to avoid losing much if your prediction is wrong. Don't repeat and don't chase wait for the opportunity for sudden changes on the trend and plan your another attempt once you succeed the next step is to secure your position and place the stop loss above your position to secure your profit and gradually adjust the SL until it hits your target, if not and it hits your SL you already secured the profit.
This is my current strategy it maybe not work for you but for me it works after losing much in trading I learned from my mistakes before.