Post
Topic
Board Gambling discussion
Re: Gambling is like day trading ?
by
ethereumhunter
on 19/04/2020, 13:07:14 UTC
Okay, daytime trading is like playing roulette... You have a bunch of altcoins that you can buy, but only a few will bring you profit! Skills hardly work here...
It's like betting on different numbers of red and white!

They say that only 6% of traders successfully earn! How many percent of these people can be attributed to day traders?

Without analyzing the altcoin, you will end up waiting for a long time if you're lucky enough, but if you're not lucky, then you will not make any profit at all. Yes, in daily trading, you will need hard work in selecting the coin so you can have a chance to make a profit. I think that is not betting on different numbers because you already analyze which coin to buy so you might get a profit later.

I am not sure if 6% of traders successfully earn because we don't have the right info about that. But I am sure that if we can have the skill to analyze the coin, then we will be able to make a profit.