Re: WHO DOES CRYPTO DAY TRADING?

Quote from: TheUltraElite on March 08, 2024, 02:50:14 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

This will vary everyday and it is a tough race to follow if you are really into it. Day traders will be tracking many different cryptocurrencies and placing orders on them every few hours. They base it on the technical indicators but some might just go with their own intuition.

Trust me, they dont last long and those who do, surely receive my respect, but at the cost of their own physical and mental health - hence it is not worth it in my opinion.

If you are coming to crypto only to look for "quick gains" you will end up in "quick losses" instead. Roll Eyes

This is something that is often not considered by those that want to become traders, the amount of pressure a trader will have to withstand, even if they were good at trading, is simply too high to ignore.

Which is why the few profitable traders out there burnout relatively quickly and decide to become investors or long term traders, since even if the profits are not as good as what they could get before, at least they can get all of that money while not doing as much as before.