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?
- Based on the correction that is happening in the market today, I think that even in futures, it is difficult to get a profit in one day. It is quite unpredictable because the movement is almost very little so far. I'm feeling a little down, and I'm having a hard time making a profit for now.
Especially spot if this is the trend I see in the downtrend, so all I can do is hold at the moment, because maybe later on, the wind will suddenly change and the trend will suddenly change as well.
When the market corrects, it's best to hold or buy some potential coins. Because it will be difficult to find daily profits if you do daily trading. But if you have great skills and experience as a trader, maybe you can still trade. But I doubt whether I can make a profit. Because market corrections cannot be predicted. We know that the crypto market is very volatile and difficult to predict during corrections.
Trading basic ideas or on how its been done would really be always talking about buying low and selling high kind of concept, but on the moment that you would really be trying out to do such
thing into this market then it would really be that so hard on doing so because of the total unpredictability and randomness on which it would really be something that make you
boggled on every position that you are making considering that you would really be making that maximized profitability and this is why you would really be that mainly thinking
on how you would really be doing it well. As for success then this would really be something depending on how well you do make trades into this market.