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....
In day trading you have to be able to predict the price of the coin you're trading. It takes a lot of hard work to be good at trading, it's not easy work and it takes time to get perfect. Another thing is that you have to be able to tolerate the loss and also have enough to finance your trade.
If you don't have enough money then I wouldn't advise you to be a trader, it's best to look for something else to do until you have more than enough capital to become a trader. And while you are trying to raise money, it's best you also use that time to keep learning about trading till you're ready. When it comes to trading, the number of people that lose their money is more than those that make profit.