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Author Topic: Is there someone successful on day trading with crypto?  (Read 15532 times)

Offline sampoerna

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Re: Is there someone successful on day trading with crypto?
« Reply #135 on: July 17, 2024, 10:52:16 PM »
Of course there is. I don't want to explain myself because it's clear that I'm not a day trader and I'm not successful.
However, there are some of my acquaintances who are really successful at day trading, especially since they play more in the future market.

But hang on, what are the standards for success? Is raising one's rank and creating sufficient wealth included? If yes, then I can say that there are, I have 3 acquaintances who can really change the lives of them, their families and the people around them. When I first worked for one of them, I was also taught how to do it, but basically I really wasn't able to do it.

However, their success was not achieved easily, their efforts were truly far above ours. It's like, when we sleep, they stay up late to trade, and when we start doing activities in the morning, they just go to sleep, and a few hours later they wake up to start analyzing the market and trading again. It's not easy. And they also don't always get profits, they often also lose, but the problem is that the profits they gain are many times greater than those they lose.

So in essence, whatever it is, if it is done with serious efforts, with serious workmanship and good management, as well as mature capabilities and knowledge, then that might be the path they choose to be successful. And everyone's path is different.
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Re: Is there someone successful on day trading with crypto?
« Reply #135 on: July 17, 2024, 10:52:16 PM »

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Offline Captain Corporate

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Re: Is there someone successful on day trading with crypto?
« Reply #136 on: July 17, 2024, 10:56:45 PM »
I believe that if you know what you are doing, then you should be fine. But at the same time we are talking about a lot of people losing as well, so saying that you could make money from it, does not equal to you will make money from it. Reality is that there is a potential out there, and you may make that money, but you could also end up losing as well, so I am not entirely sure if that would be a good idea, we could totally end up on the wrong side as well. I do not want to encourage anyone to just go wild, the possibility is there, of course there are many people who make money, but it takes time and effort to be like that.

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Re: Is there someone successful on day trading with crypto?
« Reply #136 on: July 17, 2024, 10:56:45 PM »

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Offline pawel7777

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Re: Is there someone successful on day trading with crypto?
« Reply #137 on: July 17, 2024, 11:15:18 PM »
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?

Why even bother though?
As far as I know, most day traders (on crypto or other markets) lose money in the mid to long run.
Predicting and riding longer-term trends is much easier and therefore more profitable.
I see most day traders as dopamine junkies, I don't think most of them are actually motivated by profit as much as they're motivated by chasing for the thrill.

Offline SmartGold01

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Re: Is there someone successful on day trading with crypto?
« Reply #138 on: July 18, 2024, 10:35:11 AM »
If you really want to engage in day trading then you have to increase your capital most times it's good to have enough equity to trade with when there's much changes you receives your profits from drop or market increase. For day trading night could be more better because I noticed that much increase always happens at night than the day time most times day period always declines.

Of course that's the thing about day trading because the best way to make a good profit if the market is on there favour is by using a large equity because on day trading the market fluctuations are mostly low compare to how it will move on weekly interval, so the traders will need uto se a large capital so that the little fluctuation that would occurs will be able to yield a good profits for them.

Funny enough in as much as day trading is very difficult but there are people who has build a career on day trading and they are making a lot of good profits on daily basis but sometimes the reason why majority of people failed is because they refuse to follow the due process by learning all that needs to be leaned before embarking on the trading journey.
well I don't think is that very much easily on daily trading too because I know is somewhat difficulty as well since most people finds it very hard to cope with the stress instead lot of people preferred weekly trading with high leverage, those how trade on daily are actually doing scalping and they may not have enough profits as we may think if they don't have enough equity (funds) to buy huge and sell huge which reflects to their profits.

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Re: Is there someone successful on day trading with crypto?
« Reply #139 on: July 18, 2024, 10:53:56 AM »
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?

Why even bother though?
As far as I know, most day traders (on crypto or other markets) lose money in the mid to long run.
Predicting and riding longer-term trends is much easier and therefore more profitable.
I see most day traders as dopamine junkies, I don't think most of them are actually motivated by profit as much as they're motivated by chasing for the thrill.
I am also a daily trader, I am not after pleasure but am looking for profit even if it is only $10 every day, but this makes my assets increase. In investing I never chase pleasure or satisfaction but profits that can increase my assets. The current market conditions are quite good for trading, so I took advantage of that

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Re: Is there someone successful on day trading with crypto?
« Reply #140 on: July 26, 2024, 09:55:26 PM »
Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
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Offline SmartGold01

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Re: Is there someone successful on day trading with crypto?
« Reply #141 on: July 26, 2024, 10:41:54 PM »
Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.

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Re: Is there someone successful on day trading with crypto?
« Reply #141 on: July 26, 2024, 10:41:54 PM »


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Re: Is there someone successful on day trading with crypto?
« Reply #142 on: July 26, 2024, 11:46:35 PM »
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?
Better wake up from your dream and face reality, how do you expect to start making huge profit instantly from day trading when you only started about few weeks ago? If making money was that easy from day trading, don't you think the market will by now, be saturated with traders, and there will alot of crypto millionaires already?

Understand that good things are not easy to get or achieve, becoming a good day trader is a skill that will last and serve you for your life time, but then, it requires great amount of time and practice to get close to being perfect in it, there are peeople who make up to, and more than $100 every day in profit through day trading, but they didn't just wake up one morning to start earning this much, it took them time, that is, years of practise, dedication and consistency.
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Re: Is there someone successful on day trading with crypto?
« Reply #143 on: July 28, 2024, 08:22:48 PM »
Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.
Gambling and Trading have different characters, Before traders make their choice, they must understand the differences between the two methods. Each has risks that must be faced properly. Trading we only need to buy cheap and sell at high prices. While gambling is the process of determining the price movement that will occur in the coin we choose. If we guess correctly, then the profit can be achieved. But when guessing wrong, all the capital we use will be lost instantly.

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Re: Is there someone successful on day trading with crypto?
« Reply #144 on: July 29, 2024, 02:18:26 PM »
Day trading indeed is difficult, especially on spot trading. For a day trader to make a voluminous profit, he is likely to trade with huge capital.
The easiest way to make much profit as a day trader, is trading on futures because you can take as much leverage to increase the strength of your capital. This being the easiest way to make profit is also the quickest, fastest and easiest way to make huge loss.
You can check on Margin trading which is very similar to futures but with low loss risk.
However, as a day trader, for you to make good profit, you need a quantified amount of capital and this implies to all trading type, whether spot or futures or margin, the bigger your capital to trade, the bigger profit you are likely to earn.
Yeah you are right the amount of money you have in trading account depends on how much one could get in return but this only depends on how long you could trade or how careful you would be with your funds otherwise it's also very easier for one to lose his money so quickly. Of course before jumping into trading at least they should understand the volatility level before taking final decision just we talks about gambling and to whatever amount they can't risk it's not advisable to use to gamble.
Gambling and Trading have different characters, Before traders make their choice, they must understand the differences between the two methods. Each has risks that must be faced properly. Trading we only need to buy cheap and sell at high prices. While gambling is the process of determining the price movement that will occur in the coin we choose. If we guess correctly, then the profit can be achieved. But when guessing wrong, all the capital we use will be lost instantly.
I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.

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Re: Is there someone successful on day trading with crypto?
« Reply #145 on: July 30, 2024, 11:18:07 PM »

I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
Daily trading is also not cheap, because I do it too. Because when we predict wrongly we will also be trapped in falling prices and if we sell we will experience a loss. The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.

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Re: Is there someone successful on day trading with crypto?
« Reply #146 on: July 30, 2024, 11:58:41 PM »
Daily trading is also not cheap, because I do it too. Because when we predict wrongly we will also be trapped in falling prices and if we sell we will experience a loss. The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Not cheap? Do you mean daily trading must use big money? Can you explain it more clearly, friend.  :-\
Well, it depends on you goal. If you want to get bigger amount of money, you surely need bigger funds. If you don't set a too high target for daily profits, you can do daily trading with the money below $500. I think with $300-$500, we can get some money.

It is very possible that we sometimes can make a wrong prediction. But we must learn some lessons from it, and we can make a bigger chance to make the right prediction in the future. That's why we must keep learning to make a better prediction.

Yes, if we are not sure with trading, we can choose a long term holding. But why not to learn trading, right?  ;)


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Re: Is there someone successful on day trading with crypto?
« Reply #147 on: July 31, 2024, 09:38:37 AM »

I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.

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Re: Is there someone successful on day trading with crypto?
« Reply #148 on: August 01, 2024, 08:01:34 PM »

I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.
It all depends on what we can do and our skills in investing, if we have skills in daily trading we can do it. but some big investors only choose to hold for the long term to get profits in a 4 year cycle. They have large capital and are busy in real life so they don't do daily trading.

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Re: Is there someone successful on day trading with crypto?
« Reply #149 on: August 02, 2024, 06:24:04 PM »

I can see absolutely is correct because with gambling we can't give the exact price of the coin, or token it will be in the future but trading moreover day trading or scalping is likely easier to handle because the profits are always sure since the person is only relying on the price to increase to sell and take profit than entirely predicting the price of coin in exact moment which may not likely happened as the prediction goes and the return is loss.
The safest way is to hold for the long term by buying coins during a bearish season. Daily trading requires focus and skill in making analysis.
Day trading is better than other trading method in terms of getting cash reward. Although the possibility of loss in day trading is high. But if trading can be good by observing the market condition and by researching well, it is possible to get good returns. There are also some traders who want to avoid risk and for whom holding is better than trading. A holder can definitely expect big returns by holding for long term. Especially those who hold Bitcoin will get ATH every 4 years which is not guaranteed in other coins.
It all depends on what we can do and our skills in investing, if we have skills in daily trading we can do it. but some big investors only choose to hold for the long term to get profits in a 4 year cycle. They have large capital and are busy in real life so they don't do daily trading.
Yes there are people who are so much occupied in real life business that can't find time to come trade on daily trading or weekly trading, what they does is to just investment and let their money work for them in the long run than just short terms which doesn't bring enough profits to them. Most times trading is really time consuming since they have to do their analysis to see what other best coin to trade to gain profits for that day.

 

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