Quote from: Ryker1 on Today at 09:40:47 PM

Quote from: a298b112 on January 02, 2023, 05:52:49 PM

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

This proved that trading is not for everyone, trading is a serious way of making money --you need to spend time if you are especially in day trading which is acquired strategies and skills. Doing money in trading is not that easy and as you can see, no one will survive and most of them prefer long-term investment to day trading.
If there is anyone else, I think they will not expose their strategies and anyone claiming themselves as an expert in trading is not true.
When the market price is at a bearish situation it is really hard to have ROI in trading --not unless we are in the bullish trend which is I think everyone gets their profit, so I think long-term holding is more profitable than doing day trading.

It was not for everyone because not all were able to understand the market volatility and even losing a few bucks, they easily just quit then and blame the market. Because the usual thinking that people come into trading is to easily earn a profit but unfortunately, it never works like that as it needs hard work and persistence in order to succeed. I see that many traders are having difficulties in trading and those who keep their faith and pushed themselves to the limit will surely get the highest rewards.