Day trading - page 8. | Bitcointalksearch.org

kidoseagle0312

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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?

Trading in a long term was a good a thing but in some other ways there is still risk involved, because sometimes there are good from the start even for how many months then in the end the coin dev. is not updating anyway, then you will find he runaway, unlike in a day trading most traders are taking advantaging the short term coins before it die. Grin

BitcoinPC

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Very good question about trading, mostly newbie in trading, they want to ask about it.
For me, Altcoin trading is better for day wise, it will be more profitable if you do day wise trading. But it will be trade in long term, but not in every coins you do trade in long term profitable. So in my thinking, Altcoin trading, is more useful or profitable in short term.

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Quote from: thunderbitz2717 on March 13, 2017, 01:50:32 AM

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?

That's what I really want to learn, for me day trading is much more profitable than trading on a long term basis. Because on a day trading, there is a big chances you can grow your coins, your earn form time to time if the screen in the monitor monitor react most of the time. While on a long term it is profitable too, but you just only need to wait when it will gonna be profit

This is really dubious (unless you can milk the market somehow)

If you can't (which seems to be the case), it is unlikely that with day trading you will be earning substantially more than what a positional trader would earn on a long enough time scale. And this is not just my opinion, I've heard the same from many experienced traders who have been in the business for decades and many distinguished authors write essentially the same. In fact, you can potentially earn more when the price is consistently moving in just one direction with minor corrections by exploiting these setbacks if you sell a little here and buy a little there. But doing that manually would be a hell of a job and certainly not worth the time and effort spent (since you would get only marginally better results in the end). Major profits are made by buying low and then letting profits grow (dozens of percentages)

geopolisch

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Quote from: Caladonian on March 13, 2017, 02:13:18 AM

Quote from: hisuka on March 13, 2017, 02:09:30 AM

In altcoin trading the best is the daily trading which is the most profitable than long term trading. You can earn/grow your bitcoin in a daily basis by doing short trading in an altcoins. But, to do this more profitable is to verify first of which altcoin we need to invest to reach this goal.

if you are lucky and you know how the drill works with alt trading for sure you can benefits with day trade but its also risky like what you have said know first which alts are you going in and see if the progress will continue better to stay away from coins who show pump and dump flows because if you went in for sure you will lose your investment.

I am very much sure, for day trading we need extra skill than positional kind of trading.
More importantly, for trading with altcoin we definitely need extraordinary set of skills to handle their sudden bump and dump situations.

Market conditions for most of the altcoins are not same all the times. We need to be careful to avoid losses all the times, I just simply want to stay away from both altcoin trading and any type of day trading too.

Caladonian

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Quote from: hisuka on March 13, 2017, 02:09:30 AM

In altcoin trading the best is the daily trading which is the most profitable than long term trading. You can earn/grow your bitcoin in a daily basis by doing short trading in an altcoins. But, to do this more profitable is to verify first of which altcoin we need to invest to reach this goal.

if you are lucky and you know how the drill works with alt trading for sure you can benefits with day trade but its also risky like what you have said know first which alts are you going in and see if the progress will continue better to stay away from coins who show pump and dump flows because if you went in for sure you will lose your investment.

hisuka

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In altcoin trading the best is the daily trading which is the most profitable than long term trading. You can earn/grow your bitcoin in a daily basis by doing short trading in an altcoins. But, to do this more profitable is to verify first of which altcoin we need to invest to reach this goal.

thunderbitz2717

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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?

That's what I really want to learn, for me day trading is much more profitable than trading on a long term basis. Because on a day trading, there is a big chances you can grow your coins, your earn form time to time if the screen in the monitor monitor react most of the time. While on a long term it is profitable too, but you just only need to wait when it will gonna be profit.

densuj

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Well there are method for daily trading include scalfer strategy, it use analysis technical for making prediction the price, use time prime 5M-15M in chandle chart, we must see the monitoring of computer because it is short time investments, but the weakness of scalfer strategy we must always do cut lost because if wrong prediction and buy back again, it will gives stress psycholgy to the traders who use this strategy.

icecube45

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Altcoin more often fluctuate so that daily trading will be more profitable. I also heard the most altcoin not last long so it is better to do daily trading. The most important thing if doing daily trading to always see fluctuations in the price, because if skip a little of fluctuation and when prices go up and then down will surely regret it Cheesy

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Quote from: Zadicar on March 12, 2017, 05:55:09 AM

Quote from: iram3130 on March 12, 2017, 03:10:00 AM

Quote from: Hanako on March 11, 2017, 11:05:36 PM

Quote from: pinkpanther03 on March 11, 2017, 10:44:25 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?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

I would suggest you to do day trade only if you have some knowledge and experience about it, especially when it comes to altcoins because it's mainly based on the developers.
Start with small amount and slowly increase the base. It will be profitable.

This step would be effective if you do buy a potential altcoin does have volatility its either on short or longer terms because we do know there are alts which moves ones and the next move would takes months which is really a time wasting to wait.Day trading would really be suggested when we are do trading altcoins.

But it's really hard to point on which is the potential coin or not since we are been sorrounded by scams coins nowadays and potential coins is rarely to be seen nor made by serious altcoin devs, And so for that I only trust bitcoins interms of hoodling it for more longer years since this coin will truly be the best among those other who tells that their coin is good. I can't monitor in day time since i have work that needed to be attend and thats the reason why im unto night tradings and mostly i can see that coins nor bitcoins are flactuating well.

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Quote from: iram3130 on March 12, 2017, 03:10:00 AM

Quote from: Hanako on March 11, 2017, 11:05:36 PM

Quote from: pinkpanther03 on March 11, 2017, 10:44:25 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?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

I would suggest you to do day trade only if you have some knowledge and experience about it, especially when it comes to altcoins because it's mainly based on the developers.
Start with small amount and slowly increase the base. It will be profitable.

This step would be effective if you do buy a potential altcoin does have volatility its either on short or longer terms because we do know there are alts which moves ones and the next move would takes months which is really a time wasting to wait.Day trading would really be suggested when we are do trading altcoins.

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Quote from: Hanako on March 11, 2017, 11:05:36 PM

Quote from: pinkpanther03 on March 11, 2017, 10:44:25 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?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

I would suggest you to do day trade only if you have some knowledge and experience about it, especially when it comes to altcoins because it's mainly based on the developers.
Start with small amount and slowly increase the base. It will be profitable.

deisik

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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?

As others have already said, for the majority of altcoins (if not all) long term trading (or rather investing) is mostly meaningless

That said, I kind of predisposed to think that day trading in altcoins (as it is understood most often) is as meaningless unless you know something. If you don't know something, it is essentially gambling. Now to what I mean by something. If you are not part of a coin developer team but only a typical trader, the only real mode of trading (that would distinguish it from sheer gambling and hoping for the lucky strike) is using arbitrage. Obviously, that requires that the coin which you are going to use for arbitrage should be traded on more than one exchange and be pretty consistent in what concerns transfers between exchanges. Otherwise, you may get caught with stuck transactions as well as suspended deposits and eventually end up holding the bag

geopolisch

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Quote from: tifossi on March 11, 2017, 10:50:32 AM

Don't agree with you. For an example: if you bought DASH a week ago at 0.035 and watch the price today 0.057 it's around ~60% profit if you sold at this price. Making 60% a day profit with day trading isn possible on my opinion. Maybe 2-3%

We can always find more profits from positional trades rather than intraday trading. But some active trader always prefer day trading as it will get them engaged toward trading all through the day. For them, positional trading is completely boring one and even they are not bothering about how much profit they could make from positional trading comparing to day trading.

I always prefer positional trading by selecting good altcoins. So far it is proven as a working way of trading as I am making decent profits out of my trading strategies.

Hanako

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Quote from: pinkpanther03 on March 11, 2017, 10:44:25 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?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

pinkpanther03

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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?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials.

Rude Boy

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Day-trading altcoin can be extremely profitable if you know what you are doing. However, it is also highly risky by nature so you can both win and lose large sums of money very quickly. Bitcoin is an extremely volatile commodity, subject to sharp swings up and down in price with very little warning. That makes day trading it exciting, but it also means it can be very hard to remain cool under pressure and trust your strategy when things appear to be moving the wrong way – or to cut your losses before it gets out of hand.

tifossi

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Don't agree with you. For an example: if you bought DASH a week ago at 0.035 and watch the price today 0.057 it's around ~60% profit if you sold at this price. Making 60% a day profit with day trading isn possible on my opinion. Maybe 2-3%

DoublerHunter

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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?

In altcoin trading, I can say that it is more profitable to do day trading because most of the coins are more volatile than bitcoin so it will be easy for altcoins to do pump and dump scheme. Long term basis in altcoin have a higher risk than day trading because most of the altcoins is not stable as well as bitcoin so it is not advisable to do long term.

BitcoinHodler

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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?

both of them can be profitable depending on which altcoin you are talking about and when.
for example a couple of days ago when Dash and Ethereum were being pumped it was a very good time for day-trading these coins to buy low and sell high in each dip and rise.
also further back when they were still low and not in a bubble it was a good time to buy for long term and sell after the pump.

Topic: Day trading - page 8. (Read 11317 times)