Topic: Day trading - page 9. (Read 11316 times)
Day trading is actually a profitable job if you know how things work and how deep your knowledge is about trading and economics. Most of the people I know who do day trading are getting enormous amounts of money in our local currency every single day and I actually envy their skill on TA. If you are not well-versed on how the market works, the ending is you might get your money burned in the long run.
the truth is I am not yet doing some alt coin trade,
But if I am going to do it I would prefer the daily trading rather than long term,
But if I am going to do it I would prefer the daily trading rather than long term,
In altcoin trading,is day trading profitable or trading on a long term basis?
If we look into it as a whole, yes day trades are effective in altcoin trades but please do take note that "IT WILL DEPEND ON WHAT ALTS YOU ARE DOING TRADES" as not all alts are having active volumes per day. Can't give you the specific alts so you need some research on it.
Im not with the idea of having an altcoin for long term basis of holding and trading but as far as my knowledge about alts is concerned, there are alts I see that is worth to shot to make them put on a long term basis of trades.
I only trade with early entry signals. So yes I have to wait a few days, sometimes a week. But I can easily make 50%+ profit with it. For me it's worth the time to wait. If you're watching for daily profits I recommend a bot like Gunbot.
its worth to wait if you really have some good instinct that the value will rises up and if you are familiar with reading the chart, its hard to do day trading with real alt project, but if you are only trading inside yobit you just needed good timing with those pumpers for sure day trading will help you to gain good profits.
If the prices are going down, you won't profit anything no matter what you trade unless you have extreme technical analysis skills.
Trading usually makes more profit than buy&hold's but like i say. You should be in a bull market for that.
(you need bear, if you are a shorter)
Trading usually makes more profit than buy&hold's but like i say. You should be in a bull market for that.
(you need bear, if you are a shorter)
In altcoin trading,is day trading profitable or trading on a long term basis?
Actually it all depends upon the market some time altcoins trading is more profitable then day trading and some times day trading Became more profitable than altcoins trading.Here we should go for the both type of trading, when the market is going with the big fluctuation of jump and dump then day trading results into more profit but sometimes fluctuation in the bitcoin prices became down then profit in day trading Became down .
So here both types of trading are profitable in two separate separate condition and timing in the market .
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
I agree with you . altcoin movement is usually influenced by the dev who do pump. Most altcoin this time would only last for a while. and every time a dev can do the pump, we have to monitor all the time if you want to do trading altcoin.
I only trade with early entry signals. So yes I have to wait a few days, sometimes a week. But I can easily make 50%+ profit with it. For me it's worth the time to wait. If you're watching for daily profits I recommend a bot like Gunbot.
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
In altcoin trading,is day trading profitable or trading on a long term basis?
It really all depends on your risk appetite, day trading is very risky and especially in bitcoin. But then again where the risk is, that is usually where the high returns are also. i have not got the swingers for high volume day trading but have done it a few times with alts i dont care about losing.
It depends on how changeable is altcoin's price. For example if one altcoin is changing daily 4-5% than that's better to trade daily and if you think that that altcoin is new and will have good or great future, that it's better to try long term investment.
So if price is changing frequently and you are very good trader, than try daily trading, everything depends on situation and you have to decide which option is better.
So if price is changing frequently and you are very good trader, than try daily trading, everything depends on situation and you have to decide which option is better.
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.
I am honestly not well-versed in trading and its ins and outs but am seriously getting into it...learning as much as I can in this multi-faceted and dynamic new type of market -- the cryptocurrency market. And yes, I also got introduced to day trading many days ago and am learning that yes it can indeed be more profitable and can be more applicable in the altcoin market. Thanks for sharing this kind of idea.
I think it depends on the price movements and our trading strategies. If you are investing 1 BTC for a period of 1 month on average growth altcoin then you will make around 5% to 10% on your investment but it you are investing 0.10 BTC with high leverage for the period of 1 day then you will probably make 10% to 50% returns. However the bigger the risk, the chance of losing capital increases.
In altcoin trading,is day trading profitable or trading on a long term basis?
if by long term you mean like holding altcoins for more than a month then it is not such a good idea for 99.99% of the altcoins because they are mostly dying coins which go down in long term and have pumps in short term. so change your long term basis to less than a week and it is a good strategy.
and for day trading it is good if you know how to do it and can find a good entry price.
In altcoin trading,is day trading profitable or trading on a long term basis?
Yes of course day trading is profitable in altcoins trading, but the altcoins which be traded must has large volume of transaction daily, usually ethereum has large volume of transaction also ethereum has high fluctuation of price daily too, and other reason on trading ethereum always there are dumping and pumping in it. 
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.
If you will day trading the altcoins we need more volume there.
Dash looking really good and will hit 0.05 soon. DCR looking good too. So yes, you can make a lot of money
Dash looking really good and will hit 0.05 soon. DCR looking good too. So yes, you can make a lot of money
Almost $200M is being traded in bitcoin alone daily, that is a great indicator of success in day trading don't you think?
In altcoin trading,is day trading profitable or trading on a long term basis?
All of them are depend on the Market, you need a good market movement to get a daily trade and i think most of the altcoin trading is worth for the long-term trading. because too difficult predicting the market movement. I think long-term trading is better. You can't do a day trading of the price is always bullish or bearish.
Short time or long time trading, which is good?
I think if its measured by how profit is it, it depend on what kind commodity or stock you trade. Let's say you trade gold, if we look on gold's character in the market, I have to say gold is good for long time trading. Because it have a stable price certainly rise slowly.
What about altcoins? Some coin have the same character like gold, some other cannot be predict by its pump and dump. But you have to remember this old quote, don't ever save your money on altcoins for long time. Because you know there is no assurance the developers will be consistent with their project. So day trade is better for altcoin.
What if we do trade bitcoin? Bitcoin has an extreme fluctuations that good for day traders. How profit bitcoin on day trading? It base on how much is your fund.
I think if its measured by how profit is it, it depend on what kind commodity or stock you trade. Let's say you trade gold, if we look on gold's character in the market, I have to say gold is good for long time trading. Because it have a stable price certainly rise slowly.
What about altcoins? Some coin have the same character like gold, some other cannot be predict by its pump and dump. But you have to remember this old quote, don't ever save your money on altcoins for long time. Because you know there is no assurance the developers will be consistent with their project. So day trade is better for altcoin.
What if we do trade bitcoin? Bitcoin has an extreme fluctuations that good for day traders. How profit bitcoin on day trading? It base on how much is your fund.
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