( CAN YOU MAKE MONEY DAY TRADING BITCOIN) So, this is a typical question that deserved an answer from the superior once, but you are busy elaborating it, so what is the essence of the questions, since you know it.
You made my day george lol
I have a friend who only operates with BTC, and most of the time he takes exchanges like Bitmex to do it, taking into account that arbitrage in Bitmex is quite tolerant on many occasions, when you have information about the liquidity pool it is possible to do small scalping that They can make a profit, by reviewing the BTC chart you can make short-term predictions where you can earn a lot of money, at least that is what he does, the trick for him is to put a lot of money in each operation, because if it is done With little money it is difficult to see the profits, even so it represents a great challenge for me and to have a lot of knowledge to get to do something like that. The only BTC trading I do is buy fractions of BTC and wait for it to go up, which usually happens almost always.
Arbitrage daytrade .. that's indeed required huge capital , the margin most of the times are tiny and you need to do it all superquick.
tbh the only job that a trader needed is by minimize the risk through strategies .. as you might get 100% profit today but then 50% loss in the next 3 days and so on. minimize it and you are good to go to have steady profit monthly.
Yes, you are right, although the truth is that I do not have much skill operating in such a short trading time, I usually do is trading in the medium and long term, because in the long term you can react to the market, well sometimes you can, when the The market hardly crashes, but for now this type of operation is difficult for me, that is why I have been learning more about technical analysis, I know that short-term technical analysis or scalping, the indicators are pure gold, and although I am guided By Wyckoff's theory I make small intervals following the theory, the bad thing is that to see the profitability you have to risk a lot of money.