I want to get into crypto day trading. It truly fascinates me. Out of curiosity, if anyone does day trading comment what crypto you made the most profit on in a 24 hour period. Please tell me what crypto and the total amount of profit you made. Thanks
In cryptocurrency trading, you can use any crypto trade and you make same profits you make with others, secondly you can make same profits you make when you use same coin maybe another person will recommend for you, in cryptocurrency you have to understand that you can trade neither ethereum or litecoin but the profit will be different, the profit making its not basically caused because of coin you use but by luck and opportunity at your entrance of trading.
The experiences of others will not help you in knowing whether day trading is profitable or not. Day trading is advanced trading, so if you do not know trading or have tried to do it, you will most likely achieve losses.
I prefer trading in altcoins/USDT pairs, as the probability of making a profit is better, and the profit is in dollars. You can achieve a growth rate of 10% at best per month, and a rate of 5-7% on average. If your investment is $1,000, what you will get per month is $50 at best. For beginners, losses may occur.
as a beginner in trading I think what it has done is to examine trading strategies and ensure that it has understood the protocols of trading very well before it will be able to venture in day trading, as you said before that day trading is kind of trading that a beginner have not venture into until the scrutinised the methodologies of trading, taking direction according op instructions I think is not really advisable.
That would depend on the amount of capital you will trade with and how you will manage your trades. That's going to be your lifeline and your control over whatever you are going to do. There are different markets and you need to know what your strategies are going to be. You can use tools like Gunbot if you like.
Emphasising on the profit making in trading, neither day trading or not, its obvious that profit making in any trade is been determined by the amount that is involve in your trading, making a large profit in trading will be determined by the amount of capital or funds use in trading, so op, cannot expect to make same profits with someone who using a larger capital to trade.