Quote from: doomloop on March 05, 2024, 12:23:35 PM

Quote from: Nrcewker on March 04, 2024, 05:39:33 PM

Quote from: Doodley510 on February 28, 2024, 04:01:35 AM

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

Don’t believe on the numbers that people are claiming. No one actually shares how much profit he or she does. You need to learn about trading yourself only. You need to understand the basics at first if you are new to trading and try trading on demo balance. Trading isn’t at all easy. Hence it’s alright to get losses at first. People learn from their mistakes only. Now it’s better to learn the normal trading first before getting into intraday trading. Learn about the risks and make yourself better to handle the situations.

That is a mistake most people make, especially new investors that are entering the market. They see other traders sharing their success stories or screenshots of their successful trades and they start believing whatever they see or read instead of thinking that the same people might also be incurring losses but they aren't going to share them because it might not have a good impression on their fans and followers.

So as you said, one shouldn't believe in numbers that they hear or see from other traders and they shouldn't get influenced by such things but rather should try and learn everything themselves and then understand the things from their perspective.

Plus can we plebs truly verify that those "traders" are actually making the large amount of profits that they "broadcast" in YouTube, their private groups, and in X? I believe not, because they merely want your engagement, and that builds their growing number of their "followers". More followers = higher probability of monetizing their online presence. Cool