I prefer do a day trading (short term) for altcoin, because the price fluctuations and the age of the coin itself.
And I think it's better to do arbitrage because the price range between one exchange to other more wide rather than bitcoin.
Topic: Day trading - page 10. (Read 11317 times)
I think if you are long term trader you are just losing opportunity when the time of the price of price increase and decreases.. because if you are for long term trader if the price of bitcoin is going to increase right now and decrease soon you are just losing this opportunity to make profit and wait for more months and years before you sell you will just earn few compare to day trader.. this is just what i experience..
I think it could be profitable right now cause of the price gaining all the sudden.
And with the news so imminently close of what will happen to the price in just 2 days from now with the announcement of the Etf approval or it might not happen.
And with the news so imminently close of what will happen to the price in just 2 days from now with the announcement of the Etf approval or it might not happen.
Both can work. Depends on what you want. You can make 1-3% a day with a bot (if you know what coin to trade) or you jump into a small pump and try to grab 2-3% per trade.
I personally have no problem to wait a week or two to make 50-150% profit. With the right strategy and good analysis it's easily possible to make 50% per week without stress.
I personally have no problem to wait a week or two to make 50-150% profit. With the right strategy and good analysis it's easily possible to make 50% per week without stress.
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In altcoin trading,is day trading profitable or trading on a long term basis?
i think for daily trading we can make profitable too like long term trading but we need to have a good research or analysis on the coins. for daily trading i suggest to trading btc pair altcoin because the probability to make big profit is wide open so all we need to do is make a good analysis to decide the buy and sell price.
In general I follow a weekly price schedule. I buy at a low price and sell at a high price.
Much more technical analysis is needed in daily and hourly transactions. You need to spend more time.
This causes more stress and risk. Your chances of making mistakes are increasing.
Much more technical analysis is needed in daily and hourly transactions. You need to spend more time.
This causes more stress and risk. Your chances of making mistakes are increasing.
it can technically be profitable but it is always a hard thing to pull off successfully and you need to be good at it. this means you need to be able to predict the price and its movement and have solid plans for when to buy and when to sell. and in this process if you get emotional and distracted you will lose.
In altcoin trading,is day trading profitable or trading on a long term basis?
if you are an experience trader? " Day trading" is very profitable because altcoins price fluctuations every minute. To me long terms is not even good for bitcoin talk more of altcoins as the price can not face a directions continuously in a month this creates opportunity for day trader. In altcoin trading,is day trading profitable or trading on a long term basis?
Daily trading is much profitable for me you just play it in short trade which is you can roll it many times as long as you make profit. The real question is which coin is much profitable for daily trades? In altcoin trading,is day trading profitable or trading on a long term basis?
Day trading can be profitable if you know what you are doing and understand both the fundamentals and the technical s. Some of the altcoins can co;;apse in price at anytime, i should know i have been caught out a few times after starting a trade. So you need big swingers sometimes.
In altcoin trading,is day trading profitable or trading on a long term basis?
in my opinion day trading is profitable and it actually is more profitable than doing it long term.
because altcoins are usually dead in the long term or even if they are not dead like the top altcoins, they have very lengthy dead times in between their pumps.
this means in the short term when they are getting pumped or even having daily fluctuations you can get in and make some profit.
In altcoin trading,is day trading profitable or trading on a long term basis?
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