Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: Is day trading is good in crypto market?
by
justdimin
on 29/04/2020, 07:57:33 UTC
⭐ Merited by TheUltraElite (1)
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
Day trading might be profitable for only these 2 types of traders:
1. Whales.
2. Professional traders.

It means either you must have big capital to manipulate the market directions or you must have skills to ride on those manipulations. If you do not belong to these 2 categories then your capitals will be eaten by whales. Simply, do not day-trade because even professional traders also my face losses occasionally. Go for hodling if you are concern about god ROI for rest of life and not just a monetary things for day-to-day life.

Anything which a person is doing for years and years and has developed a second nature in will be profitable for them. But it is not get-rich-quick scheme, in fact nothing in this world is so.
Yeah, beginners should start with holding way of trading and slowly may adopt active long term trading and then may try day-trading and even may try scalping. It is all about experience. Until becoming an experienced trader, holding should be an easier (yet highly profitable) way of trading for anyone.