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....
Not really that 99% unless if you are new and have no knowledge in trading but if you have skills and enough knowledge, it can't be that, and let say it is 50/50. Why say this because we only have two possible outputs in trading and either it is losing or gaining, and the result also depends on how you manage your trades.
We can say that whales are really making money here is probably because they owe the market, they can manipulate the market if they want and that certain thing catches those new in the market and fall into their trap. That is why if we are planning to go trading, we have to prepare ourselves in all the circumstances that might happen in the future.