$NIKE
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What are my chances? I am thinking about making a living off daytrading. I consumed a lot of videos and learned some basics like reading order books and how to detect price manipulations reading charts and order book flow. However, I keep reading that only 5 % of retail traders make money in the long run. Do I actually stand a chance? I ask because I keep hearing about "trading algorhythms". Can I win against these or even use them myself? (I do not even know what that is) In stocks I think it is hard to daytrade because inside traders, eventhough inside trading is illegal, will always have an edge. But it BTC trading, to my understanding that ist not possible because everybody has the same access to the blockchain, right?