Day trading - page 6. | Bitcointalksearch.org

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Herbert2020 on March 21, 2017, 12:04:59 AM

Quote from: Reid on March 20, 2017, 11:11:07 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

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.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: JeffBrad12 on March 18, 2017, 08:05:54 PM

Quote from: r32godzilla on March 18, 2017, 07:43:06 PM

Quote from: tifossi on March 18, 2017, 06:25:48 PM

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU

Bitcoin Unlimited is likely going to turn out complete FUD in the end

You consider it as a bad dream for us, and obviously, it is not only you. Many think along the same way for basically the same reasons. But did you ask yourself why you came to think so? Why something which should allegedly solve real issues (so they claim) is ever thought of as a bad thing (or even a bad dream, i.e. a nightmare)? If it in fact were a good thing potentially making Bitcoin better, you shouldn't and wouldn't feel that way, right? So something is terribly wrong with that deep inside. And this is called FUD, and this is what the true story behind the BU project is all about

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Reid on March 20, 2017, 11:11:07 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

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.

Reid

hero member

Activity: 3052

Merit: 651

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

There is profit but not that much. A week maybe would be sufficient.
The risk of losing all your money will come with long term basis so you better always check what is happening with one altcoin.
They come and go and that is why short term is the good idea for making a good money.
Just one advice. Don't buy too much. Just test it first and try to get used to what this altcoins are made of or how they work.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: richardsNY on March 20, 2017, 06:45:32 PM

Quote from: boyptc on March 20, 2017, 02:27:21 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

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.

As far as I have seen, altcoins are very good for big volume manipulators. When one instrument is capable of being controlled by one trader or group of trader, I guess those instruments are most suitable for day trading. In simple assumptions, high fluctuating commodities are suitable for day trading, but it would be trader's responsibility to take care of safeguard himself against those fluctuations.

Day trading typically not suitable for me, as I always prefer fishing on low tide with support of my technical analysis. But I do see many traders are making decent profits through day trading though.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: boyptc on March 20, 2017, 02:27:21 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

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.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

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.

jakelyson

legendary

Activity: 2240

Merit: 1069

Quote from: stolendata on March 19, 2017, 05:18:06 PM

but to me i think holding bitcoin in the present time will be such a good idea because the price is trading in low price but very soon it is expected that the price of bitcoin will start increasing again.

Not true if BCU gets pushed. That is a bad day for bitcoin and it may start a crash on bitcoin price. If ever it may take a long time before the price of bitcoin recovers.

stolendata

sr. member

Activity: 264

Merit: 250

Quote from: JeffBrad12 on March 18, 2017, 08:05:54 PM

Quote from: r32godzilla on March 18, 2017, 07:43:06 PM

Quote from: tifossi on March 18, 2017, 06:25:48 PM

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU.

but to me i think holding bitcoin in the present time will be such a good idea because the price is trading in low price but very soon it is expected that the price of bitcoin will start increasing again.

carriebee

sr. member

Activity: 1148

Merit: 251

The best for me on day trading is short term basis which is profitable one. This way I can always observe the coin I invested for and when I already earn profit I sold it. Its really hard for now to earn in altcoins because of bitcoin price but the thing is here is to choose which altcoin is best to invest were we can really earn.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: r32godzilla on March 18, 2017, 07:43:06 PM

Quote from: tifossi on March 18, 2017, 06:25:48 PM

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU.

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: tifossi on March 18, 2017, 06:25:48 PM

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

tifossi

hero member

Activity: 686

Merit: 500

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: ArnoldChippy on March 17, 2017, 06:39:51 PM

Quote from: aardvark15 on March 15, 2017, 08:01:45 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

i think there are still so many other alt coins which can give you good and long term investment. i think you need to have good opportunities of making money from trading altcoins also.

The far majority of the altcoins have proven to be horrible long term investments. If you plan to be a bag holder, then surely go ahead. Altcoins serve only a very short term speculative purpose. They enjoy no real world usage where their network is empty, and the majority of the transactions come from people sending to and cashing out from exchanges. So tell me, what long term potential do you see there? Nothing....

whizter

hero member

Activity: 588

Merit: 500

Quote from: batang_bitcoin on March 15, 2017, 05:26:50 PM

Since I'm not a day trader and I know how much time you need to accumulate for it. I will prefer to do with long term trading, it's much more easier and you just need to be patient before selling your trades. Though the profit will just come once but after selling and earning, you can just do it again by doing the same procedure.

if you do not a day trader then you many also will not be so much effective, so you first need to get some good experience in trading and only then you can make good money from alt coins trading.

ArnoldChippy

hero member

Activity: 700

Merit: 500

Quote from: aardvark15 on March 15, 2017, 08:01:45 PM

Quote from: Dimelord on March 09, 2017, 06:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

i think there are still so many other alt coins which can give you good and long term investment. i think you need to have good opportunities of making money from trading altcoins also.

gribble

hero member

Activity: 966

Merit: 552

Quote from: BrewMaster on March 16, 2017, 11:14:22 AM

Quote from: gribble on March 16, 2017, 11:05:15 AM

Quote from: machinek20 on March 10, 2017, 08:54:11 AM

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks markets,
in my opinions strategy day trading is suitable used on trading stocks than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

can you explain to me what does market cap of altcoins have to do with ability today trade them or now?

i can see how it can be harder to predict altcoins just because they are usually fake pump and dump coins and move with no logic and against all speculations but the fact that they are being pumped to the moon means you can make amounts of profit that you can never make anywhere else.

Day trading is style of trading and not today trade altcoins there are some types of traders in trading activity they are scalpers, day trading, month trading and investors (investing for long time) what I mean with marketcap altcoins be compared stocks is capitalization between altcoins include bitcoin with capitalization stocks market, you can see on here http://www.nasdaq.com/screening/companies-by-industry.aspx?exchange=NASDAQ&sortname=marketcap&sorttype=1
And here http://coinmarketcap.com/

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: gribble on March 16, 2017, 11:05:15 AM

Quote from: machinek20 on March 10, 2017, 08:54:11 AM

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks markets,
in my opinions strategy day trading is suitable used on trading stocks than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

can you explain to me what does market cap of altcoins have to do with ability today trade them or now?

i can see how it can be harder to predict altcoins just because they are usually fake pump and dump coins and move with no logic and against all speculations but the fact that they are being pumped to the moon means you can make amounts of profit that you can never make anywhere else.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: gribble on March 16, 2017, 11:05:15 AM

Quote from: machinek20 on March 10, 2017, 08:54:11 AM

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks markets,
in my opinions strategy day trading is suitable used on trading stocks than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

No. Price fluctuation of most of the altcoins does have a heavy and rapid movements compare to other assets especially if the certain alt is newly listed in an altcoin exchange. The ones that have a slow movement are those alts that survive the status of being an average alts in their first phase of operations.

In terms of day trades, altcoin is really fit for this because of the existence of those big hoarders which is the developers itself. But it will depend on a certain alt as not all alts have a behaviour like that.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Data32 on March 16, 2017, 09:05:05 AM

I personally think that daytrading can be very frustrating because statistics show that more than 50 % of your trades will go in the wrong direction. What I prefer is social trading because it is a really great way to make profit by just "copying" the trades of an experienced user. This way you don't need advanced knowledge nor do you need to gamble when you're unsure if your trade is correct. Also it's available for altcoins too.
Of course social trading is more of a longer term trading than daytrading but believe me it is much safer.

I'm curious why really successful traders would ever want to make their trades public

Apart from that, statistical data shows us that most traders are losing in the end (around 90% depending on the market), but there is no lack of people wanting to try their luck at trading. Further, the very claim that over 50% of someone's trades go in the wrong direction (i.e. they incur losses) is heavily misleading even if it is factually correct. It doesn't matter how many losing trades you make, it is net effect that counts in the end. You may well make up for a dozen losing trades by just a couple profitable trades. That's how day trading basically works, you cut your losses short and let profits grow

Topic: Day trading - page 6. (Read 11317 times)