Do you believe certain days influence trading success?

Honestly, I’m not sure how to categorize this question, but we should brainstorm together to come up with some solid thoughts. I mean, if gambling has certain days where you can either win big or almost win, then trading must have its good days too where you can actually make some cash from the market. I get that in forex there are specific days like weekends or certain weekdays, but I’m not convinced the same applies to crypto, especially Bitcoin. Maybe I’m wrong, but feel free to set me straight. What’s your take?

Most gamblers are losing. Most traders are losing. But do not compare the profit in trading to the profit in gambling. Do not expect profit in gambling but you can learn more about trading to know how to minimize your loss and make profit almost daily. It is hard to achieve but it is possible. But a good trader should not have it in mind to make money daily from trading. This is very important for it not to affect your trading mindset. No forex trading during weekends.

Thank you for your inputs and you are absolutely right. I must admit. You know the mindset people focused on trading is quite separate from what we think about gambling. Yes, it's true that gambling is a game of luck but it's important to know where one could be doing more better than swinging around or even hovering around a particular place deceiving oneself that they are gambling or trading. I am not a full time trader rather part-time and I trade even I feels like I am missing the market and I should be that stable watch and observing the market how it moves and whenever I have the little profits I feels like I could easily exit the market without the quest of having to make 4x of my capital.

Don't compare trading with gambling because gambling is based on luck; it's random, you don't know when to win, but in trading, you can predict the next possible move of the price, and you can control your risk. In trading, you can analyze the chart, and there are lots of trading strategies out there that you can follow and optimize to become profitable. The exchange in the cryptocurrency market is 24/7, even if you are using MetaTrader 5 with crypto, you are still able to trade with USD/crypto pairs, except for forex and stocks, which don't have weekends.

I remember advising one of my friends, who is an expert in trading. He said that if you want to increase your chances of making a profit in trading, you should trade on weekdays since most financial markets, including crypto, primarily operate during this time.  This means the market has active traders and high liquidity.  While weekends can be good, they don't compare to weekdays even though the cryptomarket operates 24/7. Gambling and trading are relatively similar, but there's no guarantee of winning in either. In gambling, profit is mostly a matter of chance, so you shouldn’t expect consistent winnings. However, in trading, you can learn strategies to minimize losses and work toward making profits almost daily, but definitely possible with the right knowledge and discipline.

Trading days that equals more profit is not real. Anyone who tells me that they are more profitable because the trade on specific days of the week is not telling me the whole truth. Being so successful trader has nothing to do with the days you trade but skill, knowledge, experience, grit, emotional intelligence, trading psychology and other important factors all combined together to make a trader successful. Trading excuses like this are just a funny joke and an excuse for not giving one's best.

Trading is not gambling and in trading you must control your actions well enough for managing your capital and risk appropritately in order to keep your trading capital safely. As a trader, your biggest responsibility is to defend your trading capital as if you lose it, you no longer can trade. So with this vital principle for trading, you can not think that today is my good day and I will be very active with trading. It's wrong and dangerous thinking, that will trigger you to open many trading positions within a day. Remember that you can start a day very well, with a lot of profit, then you can lose all with later or very last trading positions in a same day as well. Good day or bad day, let's use one of best weapons in trading.

It does too Most traders have the weekend to stay back home with families and friends. When they do, they steer clear off the market. What moves price is liquidity. If people are staying off on certain days, that simply means there will be less liquidity to play with in the market. That's why we observe how market drags during weekends. It's because the players aren't much to move price in a certain direction. I've observed that in crypto trading and Index too. Though they're 24/7 markets, they do get a bit laggard during weekend. As for FX, it slows down on Friday and Monday. No one likes it when price drags and that's what happens when market ranges. For me, I like to trade when the candles are long on either sides of bear or bull. I'm not so bothered about what day of the week it's before triggering trades. All I need is follow a strategy that shows me direction of price movement.

Though people still lose funds in both gambling and trading but that doesn't make the two mutually inclusive, they're like a bird of different breeds and engaging in each should he done with different perspectives and strategies. You can mostly find lucky with gambling and make profit even when you just a newbie to it but it's rare or impossible with trading. If you're ignorant you'll get your account blown before you could even know it. IMO, there no lucky days in trading, you're rewarded accordingly.

The only time I see FX having more probabilities of big wins is the days of major news that have direct effect in the market. It is always a two way decision, you’re either right or you’re wrong in your prediction. At that moments, traders only fund what they can afford to lose. When the market goes in their favour, they make big wins and when it doesn’t, they lose and get account liquidated because of the volatility nature of the market when such major news is released. These days are well known by all FX traders, but some of them still avoid trading that time because of the risk involved of you don’t predict the direction of the market right. For crypto, it just have to be bitcoin that will have such days but I don’t think they happen at some fix dates as it happens in FX.

I think trading is also mostly about your luck. How can one know the next move in the markets? We are only making a guess just like we do with gambling. Some whale buys lots of assets, the prices shoot up. How do we know when a whale gonna buy or sell? Because it is the whales that move the markets, not the small guys like us. I can’t deny that some traders are indeed making money in the long term but they are rightfully not eager to share their secrets with us. (Just like some gamblers) I think it is best to buy and hodl only. Risk and trouble-free.

Since institutions now participate in the crypto market, the dynamics of the market is gradually changing and mirroring the traditional Forex market, but the difference is that the Crypto market is live 24/7 whereas the FX market only functions five days per week. Now from my experience and observations of the market, from Sunday night—Monday when the CME futures market is open, the market typically go into accumulation phase but depending on what happened the previous week, and in some certain situations the accumulation extends to Tuesdays, while distribution can occur mostly from Tuesdays to Fridays, and on Fridays I have also noticed that the market used to sell off most of the time because some people are trying to take profits and exiting the market. This is what I have studied, and probably another person may have a particular day favorable to him, which is quite difference from my observations of the market.

If you are guessing then that's a gamble compared to analyzing the market and look for high probably trades. Gambling is far from trading unless you are trading with high leverage that's risky than you are trading with spot. If you lose in spot or the coins you hold keeps declining you won't lose the whole capital unlike in gambling you can lose the whole capital. Yes, whales and banks move the price, but those large institutions also analyze the market and target liquidity; they do not enter the market at random; instead, they analyze the chart both technically and fundamentally. Actually, all trading strategies already shared everywhere it's up to you how you optimize it and become profitable just make sure that you learned risk management because that's important to keep you stay on the market and be patience.

We all just know and remind ourselves that even though trading requires a high level of knowledge and skill, it also needs some luck. But regarding what days are we profitable? The answer is nothing. Every day, we can be profitable if the situation gives us a favor. The same as in gambling. But we don't need to complicate the situation. Don't believe people saying they are profitable during weekends. They might, but there is no assurance for us. Just do trading if you feel comfortable with it.

If you observe more carefully, in the crypto market there are also certain moments or days where trading volume decreases and the market is also corrected. And most of it happens starting on Sunday or Monday and ending on Tuesday. I like to call these days good days for accumulation. And then I will start selling it gradually with a small profit on Wednesday, Thursday and Friday. This cycle often occurs repeatedly and almost every week. Unless there are several weeks without this cycle. Which usually happens when there are announcements of economic conditions or anything related to interest rates or inflation reports and the like. I learned this from my own friend who is a full-time trader. I personally don't really focus on trading. But yeah, I've been trading more often lately or this year.

I disagree with this. I am sure that we are going to see people not care about this at all, people trade whenever they want and that is the most important part. Because bitcoin is 7/24 and that means we are going to make money and we are going to see a ton of money whenever they can, and without that they are going to see volume be about the same in every single day. Traditional markets are not 7/24, they have situations where they are just open on 9-5 on business days for example, and that is why we are seeing what we are seeing. However, when it comes to normal days like these, they are high, and on weekends they are closed. Bitcoin isn't like that, which means we are seeing big increases in most times, and volume is vivid at every single day.

You do not win too often in gambling and so in trading. But if you have skills in trading, you will make a profit, more than others. If you just trade without skill, you will gamble with your money and you may lose your money because that is the risk you will get. You will get a successful trading if you can analyze the market before trading. So that is the key to have that days and will satisfy with your profit in trading. You don't have to follow other ways because we are different and we will find our ways to profit in trading.

Even in gambling no day is a good day for winning because it is always unpredictable for example football we all know that football is unpredictable you may be thinking this match will be like this and you are so confident but that the end of the match you may be seeing a different result so no day is a good day for winning gamble however someone may have day's his always winning that those not mean if you follow same day to predict and place a bet you will win I believe everyone has what works for them. When it comes to trading no day is a day of winning too because the Market may decide not to go our way especially if you didn't study it very well, if you are very good in trading any day can be your winning day you can be making money every day however some people believe they always trade better and get profit in a particular day I just see it that the day you gain more profit is the day you put more effort in studying the Market very well.

Most gamblers are losing because that's how games are mathematically designed but most traders are losing because they choose coins that are artificially pumped and dumped by its creators or they make turn trading into gambling by trading on futures with long/short positions and by increasing a leverage. Sadly, lots of people buy high and sell low, which is very strange when the basic rule of trading is to buy low and sell high. No, profit is possible in gambling but it should not be the motive. If you are lucky, you'll profit. You'll also profit if you are very good at sports betting. In trading, daily profit is not possible. If you hold and wait, that's different but if you day trade, unless you are a whale, you'll fail.

What that is important is to know about the coin that you want to trade. Some traders trade altcoins and they make money from it. But you are right that disappointment can come from manipulation. Some traders know how this manipulation works. Also there are good altcoins like ethereum and solana but they are riskier. You still mean what I meant. Read what you posted again and understand that we mean the same thing.