Is there someone successful on day trading with crypto?

[Jamal Aezaz]

Trading depends on the method we use, when we apply the daily trading method, if we don't have much experience it will make it difficult for us to make a profit. But everything will be different when we trade with long-term methods. That way, I think the trading we do will be a little safer.

Success is conditional on your experience if you are an experienced person then both short term and long term trading will be suitable for you and you will not think that they are risky because you will work accurately by utilising the strategies which helps in making money and getting rewarded.

If we enter into trading or Investment but do not know anything then it does not matter how safe it is but the thing which matters is your knowledge and experience. Every kind of trade becomes safe if you carry out with struggles and learning because it is not possible that you will trade or invest without knowledge and eventually you will become millionaires.

[ayydil]

It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience.

[milewilda]

It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience.

For someone whose really that planning to have that day to day profits with trading then this is something that wont really be that easy. Only to those day traders and scalpers are the ones who do have that opportunity on earning profits but of course not all would really be that able to have that kind of situation that you would be profitable. This is where those people who are really that good with their trading and not all would really be having on the same situation. There are ones who are really that profitable and there are ones who arent.
This is why they would really be tending to hold for long term instead on making that active trades.

[Rubel007]

All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.

Such mistakes are made by people entering the market, making a few trades, earning a few bucks, and thinking they have mastered it, and then they will make an investment in some shit coin or meme coin thinking they will earn a lot of profit shortly but they lose their money.

So, of course, trading isn't for the impatient and those who aren't knowledgeable enough about the market. Someone isn't supposed to rush into the market to start trading so that they can start earning money as quickly as possible because only those who take their time and enter the market after learning everything will get success in trading.

Trading is a uncertain platform for earning. But more skills that can be acquired, the more success is possible. There are many people who prioritize investing more than acquiring trading skills, which can be a big mistake. Money alone is not enough for a trader to profit from trading. Without proper knowledge traders are more likely to make mistakes in trading. They may take wrong decisions especially in purchasing assets. I know a trader who didn't know much about trading but had a lot of money for investment. He invested in some altcoins to become profitable quickly which caused his investment to suffer massively. Later he left the trading platform. For a trader to be successful in trading, it is necessary to increase the scope of knowledge.

[Litzki1990]

Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.

So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.

No one can guarantee profits for coin price movements, it's not easy to predict, but what makes it easier for me is that I won't enter the market when the price is still high, I will enter the market and buy coins when there is bad news that makes the coin price go down and will sell it when the price goes up.

A day trader is also known as a short term trader. A day trader must be more experienced than a typical or long term trader to make profit. He has to buy assets at a small margin and make profit by reselling those assets. When the market is bullish then any trader can easily make profit in the market but it is very difficult to gain profit by day trading during bearish time. Those who are day traders usually keep updates of the market. They do not underestimate any small event because the market depends on the financial, commercial or legal issues of the world leading countries world. Traders who make a profit from day trading must have more knowledge about the market.

Those who plan to trade in such a way that they will be satisfied with small profits and make multiple trades in a day if they can must be very careful. They have to keep an eye on every movement of the market and also understand what kind of support or resistance the market is creating at any position and then traders make trading decisions for short-term profit. People who have spare time usually do this kind of trading but the idea that you will make profit every day or you will make multiple profit every day in this kind of trading is wrong. Because many times there is some mistake in our prediction, as a result of which we see some amount of money loss after trading and we have to wait for some time to recover that loss.

[Baofeng]

Yes, it's really very hard, I also did daily trading way back even before the pandemic, and it's like a see-saw for me. It's really unpredictable to make profits daily and even if you have a target almost 90% of the time I won't hit that profit margin.

So I just dump this whole idea and just focuses on more of a HODLer and doing DCA 2020 and moving forward. And it's not for everyone, I believed. Maybe I don't have the skills and the patience to remain in this game.

Patience is the key you just need to wait for the opportunity before you entry and make sure to wait for double confirmation that you know if the price will go down or up. I'm not expert yet but I learn from my mistakes and I am trying to correct everything day trading only works on futures but not every day is always a win some days are lost but if you have proper risk management your loss should be less than the win.
Dca is always works if you know if the market is bullish but if not you would loss in the long run.

True, but I guess another factor for me is time, I don't have a lot of it when I started trading and so I don't have the patience because I was always in a hurry to trade and that makes me lose money in the end.  So at least for me trading might not fit my schedule, and I remember that I was about to buy a trading bot that time, but I hold that idea. Now I'm just doing DCA, it's easier for me, although again, I wouldn't say it's drawback, but you really need to be mentally tough and not be tempted to sell when you have fill your bags already and just wait for the right time to sell near top and you have to time the market as well.

[Litzki1990]

I think many people are successful from daily trading in the crypto market, we all know that in crypto trading there are things called daily trading and long-term trading. 
Of course there are some professional traders who choose daily trading, and they certainly understand how to manage their daily trading so that they get a lot of profits.

For those who have enough time and can devote enough time to trading, daily trading is definitely very effective. If time is given to trading every day and if trading is done by understanding the market properly then it is definitely possible to succeed from here. Trading every day means you have to be satisfied with small profit and every day you must have some target if that target is met on a particular day then you have to be satisfied with that much profit.

[bayu7adi]

It is very risky if you are wanting to make profits on a daily basis consistently, I have sometimes made some small profits in a single day but there is no guarantee of making profits everyday! Somedays you will see your portfolio go down, then you should wait for as long as you can afford and sell when there is a surge and it reaches your desired price, so patience is very essential. Buy, then hold, then wait, then sell, I guess that is the only strategy although it is sometimes boring and needs patience.

Yes, because every day we have to go through these risks... so every day we have to present a strategy to maximize the opportunities that exist. We can make a profit every day because we are lucky, but no one knows about a bad day, it could be that our assets lose a lot in just one hit. Vice versa.

Day trading apart from having greater risks, it will also provide a more solid experience. You will be able to learn to face many conditions compared to long-term investments. And it all depends on your mentality, if you have a strong mentality, you will remain patient and steadfast in facing the losses that make you learn.