Is there someone successful on day trading with crypto?

[Gladitorcomeback]

You may set a too high target for taking profits. Or you use a too small funds. 
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you feel hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.

It's all about knowledge and understanding and finding a suitable strategy. A person who gets into day trading needs to have ample knowledge about the market and different trading practices and techniques so that they don't face much issues, and apart from that, they will need to find a strategy that suites their calibre based on their investment amount and their risk appetite.

You can't get into trading, start buying and selling cryptocurrencies while having no knowledge at al all and expect to get a lot of profit because that's not how it works. You don't get profit by making trades based on your gut feelings or rumors that you hear from here and there.

[BitMaxz]

You may set a too high target for taking profits. Or you use a too small funds. 
Sure, we don't always get profits in trading. Sometimes, we may get losses because of many reasons. I can understand if you find it hard to be a day trader. However, I'm sure there are people who succeed with day trading. Those people who understand well day trading and may focus on it.

I don't target the take profit I usually set a stop loss at 1% in the entry point or it depends on the previous movement under the support and then when it's bullish and there is a continuous pump I manually set the SL below the current price at around 0.4% or 0.7% when it drops it would automatically exit my trade with the profit.
It seems that while monitoring them I learn that you always need to find the support and resistance so that you know where to entry. I think I'm improving but still, I can't catch the huge pump my stop loss and take profit is always triggered even if the price move is bouncing or a fake decline and miss the chance to take a huge profit.
I'm adjusting a bit my strategy currently I am using supertrend, stochastic RSI, and volume/MACD other trades do not have many indicators but since I'm new I am looking for indicators that are more comfortable to me.

[bounceback]

Daily trading is excited trading with profitable earn in short term, but most of daily trader has target to earn profit under 5% with top or potential altcoin. I doubt with profitable raise up to 20% with daily trading and most of trader for raising profit above 50% have take high risk by trading with meme coins or altcoin new listing on the market.
Interested with daily trading because for not stable financial earn profit every day and enough fund for their recovery, but if have stable financial better take long term trading with potential profitable earn above 100% exactly current moment when bitcoin pump drastically.

[SamReomo]

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

Yes, there are so many crypto day traders that make good profit on daily, weekly, and monthly basis. But, those day trader don't always make profit as sometimes there are days when they make some losses.

Ask any trader and they'll tell you that there are both profits and losses in life of a trader, and especially the rule highly applies to those who are day traders. I would consider myself as opportunistic trader because I only trade when I find good opportunity of profits, however there are traders who trade without caring much about opportunities.

[Faisal2202]

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 am glad you made some profit even after bearing some loss, but I suggest you should stick to it, even if you are not making any huge profits like those YT dudes, I assumed you are a noob in compared to those YT dudes you are talking about if that's the case then bro everything has steps that we have to take. For example, you started day trading and made a lose, but then started to make a profit but lesser, you want to make huge profit, what if the next step on the ladder is huge profit from the step of ladder where you gave up (less profit).

I suggest you should keep moving, and be positive on this, profit is profit, if you are making then don't stop now, because with time and practise you would be able to make huge profits as well. One more thing, you said you learned Day trading via internet, can you share some useful resources for newbies like me so we could also learn. It would be a great addition in our knowledge. Thanks.

[Dr.Bitcoin_Strange]

Naturally, trading is very risky, and only those that risk it with a huge amount also get a huge profit, but that's also how much they can lose. While I was day trading, I can't say I was a successful day trader then because I can actually be in a huge profit today and the next day I might just end up losing everything I have earned the previous day. Although, as of then, I was trading sports and forex, this time around, I am only doing futures trading with BTC/USDT as my favorite pair, and I have not really experienced a huge loss. I don't day trade on futures; I can keep my trade running for a few days or even a week just on very low leverage. 

[BitMaxz]

I suggest you should keep moving, and be positive on this, profit is profit, if you are making then don't stop now, because with time and practise you would be able to make huge profits as well. One more thing, you said you learned Day trading via internet, can you share some useful resources for newbies like me so we could also learn. It would be a great addition in our knowledge. Thanks.

I learn a lot from the link below and I only read the technical analysis.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Once I learned from them I downloaded some simulators like "Stock Market Simulator Game" and "Learn Candlestick" You can find these apps on playstore just use these terms. The good thing about using this app you can learn easily about the candle stick and you can play live trading in crypto with paper money.

[Primo1760]

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?

There are very few people who successfully make day trading in cryptocurrency. I really like to go with trading and sometimes manage to make some money from trading. But I can't say for sure that I can earn by trading daily. Sometimes it is seen that after trading, if you want to trade again, you have to be in the middle of losses. Only those who are very experienced in trading and can make technical predictions can make money by day trading. If a man wants to earn money from tats daily he must gain a lot of experience about trading and work hard but he will be successful in daily trading.

[debra]

It's all about knowledge and understanding and finding a suitable strategy.

Agree. Success in trading is about good knowledge or skills besides having experience. Without these things, it is impossible to have proper strategy and be success in it. However, to have all of them requires serious effort and it may take a quite long time.

You can't get into trading, start buying and selling cryptocurrencies while having no knowledge at al all and expect to get a lot of profit because that's not how it works.

We call it 'gambling' if we trade without knowledge.
Sure, it won't work and probably hard to success in this way.

I don't target the take profit I usually set a stop loss at 1% in the entry point or it depends on the previous movement under the support and then when it's bullish and there is a continuous pump I manually set the SL below the current price at around 0.4% or 0.7% when it drops it would automatically exit my trade with the profit.

If you do day trading, I don't it is a must to set a stop loss. But it depends on your own strategy. If you feel comfortable with setting stop loss, it is no problem. Anyway, I always set for taking profits daily but if it fails, I sometimes prefer holding for few days.

[Aanuoluwatofunmi]

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

There is risk in whatever thing that we do, its not about using a particular trading type that saves us from loosing money on trades, sometimes we need the reevaluation of our strength and weakness in any of the desired trading pattern we are are going for, even day trading can be as risky as any other types sometimes, but many seems to understand this method because they feels its more secured to use and achieve little within a day and also get positioned for the next day.

[Crwth]

It would depend on your style of trading because you can trade differently and expect different rates in your profit.

• Swing Traders
• Market Makers
• Algorithm Traders

These types are from what I can think of from the top of the dome. If you are a swing trader, you aim for longer hold in positions and wait for the market to give you the profit. Longer positions here.

Market makers would definitely be one of your styles if you want that "daily" type of thing.

Algorithm traders are the ones that uses bots to trade for them and chooses different strategies for different markets.

It's up to you to decide what type of trader you are. There are successful traders. You just need to know what type of trader you are.

[Crypto Library]

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?

Of course there is a large amount of people in cryptocurrency world who are doing day trading and if we look out closely then there are mostly user over doing short term trading rather than the long term holder or long term strategy trader.
But it is also true that most amount of people who face losses while doing trading these amount are also larger in short term or day trader. Because they trading is not for all it is for those people who know the fundamental analysis and obviously also the technical analysis rather than who will do they trading their might be more possibility of loss.

[Charles-Tim]

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

There are traders that makes money from trading, but such traders prefer to use high amount of money, using no leverage at all and also prefer not to start their trading with all their money but just little amount. They are very patient and not greedy. Some traders will start small, use high leverage and always lose. Using leverage is the reason some traders are losing. But it is advisable for a trader to use small amount of money until he becomes a better trader because as you said, trading is very risky.

[MRY]

There are traders that makes money from trading, but such traders prefer to use high amount of money, using no leverage at all and also prefer not to start their trading with all their money but just little amount. They are very patient and not greedy. Some traders will start small, use high leverage and always lose. Using leverage is the reason some traders are losing. But it is advisable for a trader to use small amount of money until he becomes a better trader because as you said, trading is very risky.

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.

[BitMaxz]

These types are from what I can think of from the top of the dome. If you are a swing trader, you aim for longer hold in positions and wait for the market to give you the profit. Longer positions here.

Market makers would definitely be one of your styles if you want that "daily" type of thing.

Algorithm traders are the ones that uses bots to trade for them and chooses different strategies for different markets.

It's up to you to decide what type of trader you are. There are successful traders. You just need to know what type of trader you are.

Market makers is what exactly I wanted to do but the sad part I almost lost around 15% of my capital pretty bad crypto is pretty hard to predict patterns do not work well and I noticed something that patterns are a signal for whales if you follow these strategies they are going to take you out on the market.
That is why they said you need reverse psychology in trading if you are not whales are going to take you down. Just Imagine I almost check the market daily for 15 hours check the market from time to time patterns give you possibilities but the result is different.

I don't know if these courses or guides on YouTube are true no live trading almost what I see on YouTube is back testing which means they already know what price after a few candles. What I want to see are traders who record their activity during their trading hours. How exactly are they made in day trading but it's rare.