day trading
Day trading is real and you can make a lot of money with it.
Because you can't predict prices (nobody can) there is a misconception that you can't make money with day trading.
It is also true that you can't predict prices, but that is not necessary to get a piece of the pie.
You can see how the price is doing and what is likely.
The moment you can estimate this well by means of experience and technical analysis (TA), it is certainly possible to be more right than wrong.
E.g. a 60/40 or 70/30 profit ratio out of 100 trades.
If you then also apply money management and minimize your risk per trade, you won't be able to blow up your account and you will simply make a profit.
If you get 60 out of 100 trades right, you will have a profit left over.
If you set up your trades in such a way that you can make 3 profits on 10 euros and only lose 1 euro, you will still have an advantage.
Trading is not about the individual trade, but about the system that makes it profitable.
More equal than unequal = profit
Larger profits than losses = profit
I can't explain the whole trading in 1 article, there is too much involved.
It is up to you to master this and to build your own system by means of a course or self study.
Technical analysis and money management are the most important parts.
In addition, all extra knowledge such as fundamental analysis and onchain data is a nice bonus.
Take the very best trades, and only run 1-3% risk on total assets per trade!
Look for advantages and cover your risk, and that's what it's all about.
If you run 1% risk per trade, it is mathematically almost impossible to blow up your account.
Combine this with more profit than loss, at the 60/40 ratio and you have a successful system.
The moment you then make 1% profit per day on average and you start to compound this you can even turn small amounts of money into large amounts of money.
Because you might start with 100 euros which would then be 101 the next day.
The day after that it's 1% on 101.
So return on return on return because you also reinvest profits.
Just play around with a calculator to see how fast this can go.
Albert Einstein calls this the 8th wonder of the world and for good reason.
When trading, emotions are your worst enemy and should play no role in trading.
This can cause you to see mountains of gold or to compensate losses and then things go wrong and you lose your focus and professionalism.
Trading is being an athlete and a business owner in one.
Keep in mind that it can take time before you become profitable.
A doctor or any other profession also needs a study.
This is no different with trading.
Good luck!
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