What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
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.
What your thoughts about it....
There are always two sides of a story. I don't know how you have concluded that 99% of traders lose their capital, but that's definitely not true. Probably you have heard stories from loosers only that's how you have concluded.
I agree, day trading is risky. Probably more risky than any other types of trading. But it is extremely rewarding as well. But don't conclude that people only loose money in day trading. They also make good amount of money out of it.