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....
Most of the cases day trading losable than profitable. Only some lucky traders or some whales who can manipulate the prices can earn some profit from day trade. But not every day, sometimes whales also face the loss AFAIK.
Personally I have tried to do day trade sometime in the past. But most of the trade I can not complete with profit. So I had to hold the trade for another day or week. Only very rear days I can make some profit from day trade.