Quote from: Vangar on October 09, 2018, 08:34:48 AM

Quote from: pempek19 on August 18, 2018, 05:38:53 PM

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.

Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

Day trading is just another crypto trading strategy, like scalping, hedge and other tactics (more about these here https://www.cryptocointrade.com/about-trading/crypto-trading-strategies/). All of these provide you with an opportunity to make money on your own. If you have sufficient funds for that at least.
Trading on price changes can be very tricky, especially for a market that is as volatile as bitcoin. Thus, small price changes won't get you revenues needed to make your day-to-day life function. You need a large amount of savings to do that, unless you wish to use leverage (very very risky business indeed).

The thing with day trading actually is that it involves a lot of monitoring the PC for the number of hours you want to trade within the day and then you want to be taking advantage of the short term fluctuations.

Day trading can actually be a lot fun when you know what you are doing and even with all the risk, the importance of learning is to at least know how to handle those risks and be able to do well in making more profit than losses in the long term. The mistake anyone would ever want to do though is to start day trading without any form of knowledge, practice or discipline whatsoever as that won't turn out well.