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?
The secret to become successful in trading is to outwit other trader on your. Its either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself.
No one can give you an exact formula to win because winning on trading means someone is losing. Theres no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error.
Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge.