In altcoin trading,is day trading profitable or trading on a long term basis?
Short term of trading need to take time too you need to auto set the sell price of you coin also the auto buy for the coins tradin for short term to avoid lose big just buy those coins who has potential of ups and down. 
Topic: Day trading - page 5. (Read 11317 times)
In altcoin trading,is day trading profitable or trading on a long term basis?
I would go for day trading amigo! Especially when you do margin trading... long term is also great however the money's potential was not maximized.
But in the end, its your call... do not do day trade if you have a day job.
I agree day trading maximized the earning potential. Though we need to focus on it and stay on check with the trades and price. Though if you are earning more than your day job, what is the reason to keep the day job lol. But I agree, do not day trade if you have something that occupies many hours of your day.
In altcoin trading,is day trading profitable or trading on a long term basis?
I would go for day trading amigo! Especially when you do margin trading... long term is also great however the money's potential was not maximized.
But in the end, its your call... do not do day trade if you have a day job.
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.Day trading take advantage of fluctuation of the coin on its day to day basis. If you can do this right, you can have a bigger profit than those who just hold their coins for a very long time. The reason is that, since we are taking advantage of the fluctuation, we buy and sell when profit is seen. Doing this stuff, we can get profit while increasing our holding of the coin without spending another cent instead we get profit then buy that profit to get more coins.
For me Day trade and longterm still profitable, it still depends on what coin you should pick for longterm, like i have a friend that pro in trading (not a pro but have many expreince about trading) Longterm is based on what coin you should pick like my friend he pick NEM as for her long term he buy @20sats worth of 50$bucks, he buy this NEM since 2014 and now NEM price is @1500+sats her 50$bucks become x100 lol. But suddenly its true her 50$ now is 5000$. But i think he still holding her NEM
50$ + 3 years = Big Profit
Day trade needs time to pursue and always active checking on coin what happened if its dump or pump
Therefore patience does really pays off but would depend on the coin you would choose and if you hit the right one then you will smile for sure because of the profits that it gives but if you chose the wrong ones then waiting would comes to waste,risk is always there and we should be aware on that. Both ways is profitable but stick to the one which does give you money. 50$ + 3 years = Big Profit
Day trade needs time to pursue and always active checking on coin what happened if its dump or pump
For me Day trade and longterm still profitable, it still depends on what coin you should pick for longterm, like i have a friend that pro in trading (not a pro but have many expreince about trading) Longterm is based on what coin you should pick like my friend he pick NEM as for her long term he buy @20sats worth of 50$bucks, he buy this NEM since 2014 and now NEM price is @1500+sats her 50$bucks become x100 lol. But suddenly its true her 50$ now is 5000$. But i think he still holding her NEM
50$ + 3 years = Big Profit
Day trade needs time to pursue and always active checking on coin what happened if its dump or pump
50$ + 3 years = Big Profit
Day trade needs time to pursue and always active checking on coin what happened if its dump or pump
There are alt coins that are also good for long term investment like ETH and XMR. That is just depending on how you can see an alt coin that can give you stability in trading. It's not new that traders are jumping from one coin to another coin. As long as it is going to be profitable for them they are going to stick with it.
But current market situation is complete different from what we had some 6 months back. Traders were in dilemma to choose right pair of instruments for better profits. At those times, it would be really impossible for most of the traders to make profits from day trading.Might be now a days traders are getting chances to make profits through day trading as markets are showing fluctuations in long price ranges. At the same time when we are considering about the negative aspects of high volatility, we will get more losses in day trading if our technical support slips away.
Yes it is totally different as it is way back then. But there are a day traders that manage to look for some coins that are giving them good profit for doing this type of trading. Maybe it will depend on how you are going to manage your time and will keep on learning and studying on how the market works.
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.
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 not, because if you really believe in the coins that it will get increase after 2 or 3 years you will hold it with no doubt. And as far as I know there are two types of traders those are day trader and long term trader, actually we can do them ramdomly. 
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.
The price really matter the most in trading. The daily basis of price and value of bitcoin can determine a good trading or a bad trading. It does not matter if you will choose to trade on a night or day. The thing is you should know the price or the value first before choosing to trade or not. I think the best way to be updated on bitcoin price is by installing an app base wallet so you can see and know when is the best time to trade or not. And in fact if you will got to know the tricks on trading you will earn more than you ever did before. 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.
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?
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.
There are alt coins that are also good for long term investment like ETH and XMR. That is just depending on how you can see an alt coin that can give you stability in trading. It's not new that traders are jumping from one coin to another coin. As long as it is going to be profitable for them they are going to stick with it.
But current market situation is complete different from what we had some 6 months back. Traders were in dilemma to choose right pair of instruments for better profits. At those times, it would be really impossible for most of the traders to make profits from day trading.Might be now a days traders are getting chances to make profits through day trading as markets are showing fluctuations in long price ranges. At the same time when we are considering about the negative aspects of high volatility, we will get more losses in day trading if our technical support slips away.
In altcoin trading,is day trading profitable or trading on a long term basis?
They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.
Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.
There are alt coins that are also good for long term investment like ETH and XMR. That is just depending on how you can see an alt coin that can give you stability in trading. It's not new that traders are jumping from one coin to another coin. As long as it is going to be profitable for them they are going to stick with it.
In altcoin trading,is day trading profitable or trading on a long term basis?
They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.
Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.
Altcoins enjoy frequent fluctuations in a relatively short time, so if you follow repetitive patterns, there is a decent profit to be made with day trading. Other than that, is there such a thing as long term trading? It's either a long term investment, or people looking to benefit from the short term fluctuations by trading. If you look at ETH, DASH, XMR, they actually have a decent dev team and a well sized community. That's not really the case with the majority of the copy and paste coins -- these coins sink deeper and deeper.
This would be an effective way of trading on which when we do see an opportunity to sell to secure profits then its a good behavior as a trader but there are traders which they do love to wait for longer times to feel the decent profits for long term but speaking into these strategy is very risky since we dont know if the time they will pump or not.We wait for nothing or not its just like that the same on short trading but i think its much better than long.
No, with bitcoin you never will get disappoint with your waiting. I believe you are not talking about bitcoin but about altcoins (as I have never come across anyone climbing they waited for nothing with bitcoin trades). With respect to bitcoin trading, day trading is only profitable for well skilled traders. But positional trading will be profitable for each and every trader regardless of their knowledge on trading aspects.
For altcoin trading, holding is not recommended and day trading or booking profit within a week will be right way of trading.
Yup no one will suggest to any one to hold the altcoins, but bitcoin can be hold for long term and people who uses altcoins much also will save the bitcoins. Therefore you can start trading via bitcoins. You do via yobit, polenix or coinbase. I will always prefer to via localbitcoins, because the it has to automated escrow services, two-factor authentification, most trusted sellers and buyers. This made me stick with bitcoin and localbitcoins.
This would be an effective way of trading on which when we do see an opportunity to sell to secure profits then its a good behavior as a trader but there are traders which they do love to wait for longer times to feel the decent profits for long term but speaking into these strategy is very risky since we dont know if the time they will pump or not.We wait for nothing or not its just like that the same on short trading but i think its much better than long.
No, with bitcoin you never will get disappoint with your waiting. I believe you are not talking about bitcoin but about altcoins (as I have never come across anyone climbing they waited for nothing with bitcoin trades). With respect to bitcoin trading, day trading is only profitable for well skilled traders. But positional trading will be profitable for each and every trader regardless of their knowledge on trading aspects.
For altcoin trading, holding is not recommended and day trading or booking profit within a week will be right way of trading.
In altcoin trading,is day trading profitable or trading on a long term basis?
They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.
Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.
In altcoin trading,is day trading profitable or trading on a long term basis?
There is profit but not that much. what do you call "not much"?
a 3% profit in a couple of hours isn't much? because you can do that in day trading altcoins. it is hard and i usually don't suggest it but i do it sometimes and it is possible to do. and make at least 3-5% in very short term in rising markets and get out. and there are times that a big pump happens and you can make a big 50%-100% profit in a day or two. and we have all seen them many times.
I am doing this day trading too.Almost daily I do it whenever I see an opportunity, if I can sell within a day, at least within a week with a minimal profit. But I know, you can earn more if you hold further but its OK to me, I do also have coins being hold for a longer period. There are short term and long term goal also.
Our kind of trading: https://bitcointalksearch.org/topic/--1819605
So you can see I'm doing not really day trading but don't do long. I try to buy and sell without a week or two. (Depends on analysis and what market does. )
So you can see I'm doing not really day trading but don't do long. I try to buy and sell without a week or two. (Depends on analysis and what market does. )
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