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....
somewhat right and somewhat wrong in this view. Of course, people with more money will often have more power and choices that we have to follow. That's why people who have more money will get richer. We are small fish, we have to learn a lot to gain trading knowledge and we have to suffer losses at the beginning to gain experience. This financial market is very harsh but if you are used to it and experienced, you will make a lot of money. on Wall Street, there are lots of talented traders and you can see their extravagant lives.