Altcoin is for day trading - page 3.

kavabanga07

member

Activity: 143

Merit: 17

Hello!

I'm wondering where to place tp.
Sold it just now.
I see the ltc price tested the retested the trend and now is going down.
I opened short partially and I'm going to add the rest to the short if the current 4H candle will close below 4.85 (or if it will go down hard)

dk the tp, suggestions?

mamesso

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Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Day trading in altcoins is not something for everyone and there is a lot to consider before deciding to start this job. In fact, it is estimated that as many as 95% of all day traders end up failing. Day traders already understand methods such as speculation or chart analysis, for those who already understand the method, they prefer to day trade rather than hold altcoins for a long time.

escalante28

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Activity: 742

Merit: 42

When you hold Altcoins for several months it can also be considered as short-term trading. This is an instance of the strategy of day trading. And in this strategy traders might hold their tokens in just a short period of time could be using seconds, minutes, hours, or days before taking a profit. But be cautious as most of the altcoins are creating pump and dump.

Pithaxz

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Activity: 452

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https://goldeth.io/

i think, Definitely it will be one of the great opportunities for trading because we have lots of types in trading methods so how we can shoot for type with trading we need to go forward with our comfort zone that is the most important thing we have to find in trading.

rahmathidayat93

full member

Activity: 910

Merit: 101

Quote from: forexandcryptoauditor on September 24, 2020, 04:37:46 PM

Looking at the volatility having for these altcoins, its true. For day trading volatility is the most important factor to consider. It also depends on how long we want to old if not doing day trading. For long term investors, day trading is not suitable.

Yes, in terms of trading there are indeed two ways that can be taken, first the long term and the second short term, so in this case everyone can choose and see which coins are suitable for the long term and which coins are suitable for the short term, because not all coins are suitable for the long term and vice versa.

Bitbuffalo

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Activity: 169

Merit: 10

Super nice alt at the moment, low cap still new not even on CMC yet. Fiscus.fyi get a bag sit back and relax, I got some uFFYI and FFYI staking and earning more building my position!!

yeamin.rsl

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Activity: 700

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Altcoin is better for day trading rather holding. Firstly day trading benefit is that traders have the opportunity to make high returns, Prices can double in hours or overnight.
But you have to remember that most day traders fail to make money when day trading is the lack of knowledge, so you have to make sure that you research well about trading .

Kotone

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Activity: 1372

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Quote from: chikator on September 24, 2020, 08:27:58 AM

Altcoins are too volatile. It changes almost immediately in price, making it easier to cash money out everyday or lose money everyday depending on the movements of the coin. Considering bots to trade for you in altcoins if you would aim the daily grind would be helpful.

Altcoins are also not just volatile but bit risky. I know the topic denotes a close sensitve case about trading cause a lot of investors already suffered from volatility. I think if ever someone invest on altcoins they must choose a major crypto that can be trusted or csn be called top projects if they want to be safe with it.

Im only playing with the big boys of marketcap cause I know these projects will stay until the end.

djmixen

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Activity: 518

Merit: 11

Quote from: brawdias on April 17, 2018, 08:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

The majority of the altcoins are really good for day trading, but there are some remain good for long term holdings as well.
Meaning, it is not true that all are good for day trading. Just like what I'm doing it for a couple of years now where most of the assets
I have in cryptocurrency are commonly came from the result of my day trade in cryptocurrency.

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: chikator on September 24, 2020, 08:27:58 AM

Altcoins are too volatile. It changes almost immediately in price, making it easier to cash money out everyday or lose money everyday depending on the movements of the coin. Considering bots to trade for you in altcoins if you would aim the daily grind would be helpful.

In volatile altcoins investment should be lower than top altcoins. Short time invest or day trading whatever I would prefer new altcoins but it has a high risk. You should be ready to lose some money on new altcoins. Most of us are very impatient, so most of us like to invest in volatile coins. Only traders like to invest in volatile altcoins, (op) you know that top altcoins aren't huge volatile.

kawetsriyanto

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Quote from: richcorner100 on April 17, 2018, 08:50:58 PM

Because its volatility promising higher profit than holding. Holding is bad idea if you want to make money in crypto,~

Not only altcoins, Bitcoin also has high volatility. Holding is also a good way to take profits, mate. You don't deny the fact!!
Many people got even higher profits by holding, not by trading. It depends on you, I mean your skills, whether good in holding or trading. Surely, both of them can gain profits. Regarding the number of profits, will depend on how you make it (strategy/approach/way) and how good your experiences.

forexandcryptoauditor

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Looking at the volatility having for these altcoins, its true. For day trading volatility is the most important factor to consider. It also depends on how long we want to old if not doing day trading. For long term investors, day trading is not suitable.

shoreno

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Activity: 1750

Merit: 118

Quote from: 3meek on September 24, 2020, 08:36:15 AM

I concluded that there is no need to hold ALTS for a long time! I have a few projects I'm sure of, but I still wish I had sold them when they were many times more expensive than now... That's while I've been keeping them for several years! Grin

what your trying to say is that you could have sold at the right time but the point of the topic is about trading .

your coins are simply not the kind of coin that are built for trading because you see you still hold your coin because they simply cant recover easily after missing a good pump .

your not alone but the people like you that chose this path are just lesser than those who chose to trade .

Gombong

jr. member

Activity: 178

Merit: 1

yes, Definitely it will be one of the great opportunities for trading because we have lots of types in trading methods so how we can shoot for type with trading we need to go forward with our comfort zone that is the most important thing we have to find in trading.

khimer_rangers

full member

Activity: 565

Merit: 100

BountyMarketCap

yes maybe you are right I proved I hold a lot of altcoins for the long term but only a few who benefit,only the really good altcoins are suitable for the long term.but trading short term is more difficult for me than long term.

3meek

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Activity: 2408

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God, save BTC!

I concluded that there is no need to hold ALTS for a long time! I have a few projects I'm sure of, but I still wish I had sold them when they were many times more expensive than now... That's while I've been keeping them for several years! Grin

chikator

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The Fourth Generation of Blockchain in DeFi

Altcoins are too volatile. It changes almost immediately in price, making it easier to cash money out everyday or lose money everyday depending on the movements of the coin. Considering bots to trade for you in altcoins if you would aim the daily grind would be helpful.

mezzaluna

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Quote from: brawdias on April 17, 2018, 08:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Well, its true that Alternate Coins are better for day trading since these coins have the possibility of its value to fluctuate into different values that can give profit to the traders. Having lots of Alternate Coins is actually good since there is the possibility of HODLing it and just because they have it, they would trade it right away; they are just looking for the right opportunity to buy and sell better Alternate Coins so its purely decision making in which Coins to hold or which coins to sell.

MCDev

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Activity: 680

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Quote from: criket on September 23, 2020, 08:33:24 AM

Quote from: MCDev on September 23, 2020, 08:14:23 AM

Quote from: Galley on September 21, 2020, 07:22:11 AM

Keeping altcoins in the long term is not the best prospect. We simply lost a large number of coins without selling them on time. Projects do not last long, and it is necessary to use the opportunity to earn money on time. Volatility is very high, even within one day we can observe large waves. You need to use the moment and not wait for the manna from heaven.

We can still keep altcoin long as long as you choose the right currency. If you bought Ethereum in December 2018 and held it up until now, you will surely have made a large profit.

it looks very easy, but holding assets for a long time is very difficult. choosing assets may be right, sometimes choosing a difficult time to find the right time. Especially for new investors, sometimes they come at the wrong time and get caught up in buying investment assets that have decreased.

For the new investor, short term trading seems more difficult than long term trading. Trading in a short time requires a lot of knowledge and skills.
Even people with extensive experience in the cryptocurrency market cannot determine the exact time to buy a coin.

Kezacky

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Activity: 746

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https://axiomapay.com/

yes,you can do daily trading because every altcoin has a good sign to buy and sell, daily trading is also good to for people which have knowledge in making analysis the trend so he can make a profit and I see that the market right now is really helpful for us to make day trading.

Topic: Altcoin is for day trading - page 3. (Read 4311 times)