Topic: Whats more profitable Day Trading or Trade for weeks - page 2. (Read 494 times)
If you are a beginner, chances are, you will "over trade" and will actually suffer losses than profit. I suggest you study a bit more about the market, then if you are confident enough, try both and see which one works best for you.
newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
It depends on how good and lucky you are at day trades, some people set a minimum range around 10% which is nice. But you are much safer doing it weekly/monthly even
It fully depend on you. If you have enough patience and enough time to check and analyze crypto market then you can go day trading. But by day trading you can't get a lot of profit. If you trade long time, you can get huge profit. Though there are some risk.
That's basically it. More time in front of your computer to observe and read market movements would bemefit you greatly when day trading. Thing is, not all of us have the luxury of having a lot if time. And it takes skill as well for day trading on reading candlesticks and charts
I am not a professional trader. But I'll tell you my opinion. First, weekly trading it is less nervous emotionally easier. For a beginner, the longer the period, the easier and less risky it is to trade. Day trading requires more skills and knowledge of tools.
It fully depend on you. If you have enough patience and enough time to check and analyze crypto market then you can go day trading. But by day trading you can't get a lot of profit. If you trade long time, you can get huge profit. Though there are some risk.
Day trading is what i prefer you can instantly get back your investment in a very short period of time if you do it right but of course you will have a higher risk on loosing money in day trading/
For day trading you can based on Technical Analysis and also read some news on twitter for effective trading
In my opinion, it is not important how often do you trade. the most important is that what time you catch the top of the price. So, with each coin, you have to choose the own strategy
Exactly. Its your own set of strategy both are good but knowing which is better would be depend with the trader itself, we do have our owned approach regarding to crypto trading those who enjoyed shorting are people who have a lots of time in front of their computers while those who doesn't have only bought coin which they can hold for some time and set the price that they wanted to sell it. newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
That really depends on the coin which I am trading. If I am using ETH or BTC then I will most probably be happy doing day trades and gain those 5% plus profits because these coins actually have ability to move that much in single day. If you consider coins like XRP, IOTA etc which are at the top for todays timestamp, then you can't rely on them to get gain as much as 5% or more in a day. They don't just move like that and hence we should not choose them for the daily trades. Instead of that such coins are always suitable for the long term. Where you can get the boost of 100X or so slowly but steadily. :-)
It depends on your skills and experience. If you have enough time to analyze crypto market you can go for day trading. In day trading, you can't get a lot of profit at a time but if you trade on long term, you can make huge profit though it has some risk.
You cannot predict bitcoin's price so its hard to decide whether to go with one day or a week trading. You do not know anything about surfing I think you should hold some coin long will be better for you. If the price is low, buy bitcoin, then sell when its price goes up.
if you're newbie, don't try to do daily trading, it's quite hard to gain the profit, moreóver you dont know how to choose a good coin. it's potentially high risk, you better do long investment term. because it will be more profit to you. you can start by trade for week.
Daily trades are extremely risky to make but they are the most profitable because you can earn 20%, 30% or even if you hit it right you can get an alt being pumped and even win 200% who knows. Already in the weekly trades who do this always opts for safe and reputed currency, most often the return and always right but usually it and minimum 2%, 3% but the security of knowing that your money will not be lost from the day to night and much larger. 
newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
That every day that during the week, the profit will still be different and there will not always be a profit. The only thing is that over a longer period of time you can correct your mistakes by holding coins and somehow pulling to a neutral level, but it's all in words. But in reality it can be quite different. 
These are some factors to be considered before choosing the type of trading to embark on, capital is very important factor and huge capital is required for long time trading ( weeks) while a small capital is required for a shorter timeframe ( day trading) be as it may both timeframe are profitable for trading depending on your capital studying the Cryptos and make researches to know those ones that are good in higher timeframe, finally devise a profitable trading strategy for your adopted timeframe to be used in trading.
newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
I think holding for the long term is what my choice. We all know the profits from long term holding as we experienced with the legend coin like Bitcoin and ETH. They are all time high and are not stopping at all but juts pumping like crazy now a days. Now there is no point in entering into their trades because we will not cover that much profits as one would get who held it since long time ago or may be just a year ago. :-)Thats the strategy which work with popular coins, the coins with huge market capitalism and thus the gains are 100% for long term holding. I am sure that day trade also works for many people but that is not my choice and it really needs time to keep tracking the market for 24 hours or so. Thought here are automated trades available but we can't always rely on them. So its better I choose the long term holding.
In my opinion, it is not important how often do you trade. the most important is that what time you catch the top of the price. So, with each coin, you have to choose the own strategy
newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
Actually there is no significant amount of profit you can earn in a specific span of time. It depends on what type of trading are you more comfortable with. Why not try the two options and see it for yourself. Just start small and assess yourself what do you prefer. Take note that it doesn't a;ways mean the longer the time frame the higher the profit. It always depends on many factors. You can't always says that you can gain in day trading as it can be very risky specially for beginners. Hone your skills first and familiarize yourself with how the market moves. Day trading, mid term, or long term has its own advantages and disadvantages, it depends on you how to deal with it. And on a side note, 100% to 800% is so high. Try to lower it down. Always manage your expectations.
In my opinion will more profitable trade for aweeks because many altcoin can going up until 500% in amonth, but we should be learn the fundamental of each coin. Day trading in addition to requiring a full time time, should also really have a skill about technical analysis, and because always full time in the front of the chart this causes trader become more emotional.
newbie question whats more profitable for you trading daily(5% gains) or trade for a weeks like you hold the coin for days or weeks until it price goes up 100%-800%?
I buy cheap coin in the market for long term holding and wait the right time for that cheap coin to gain the price in the in enough percent increase, but i go to day trading risky but have a chance to get profits everyday more or least percent interest enough to my instinct, remember knowledge and strategy in the day trading is very important if want to gain your profits in quick time.
There are coins to tarde daily and other ones need to trade after weeks or months because their price is expected to rise highly in long term. But choosing such currencies or tokens need a good experience about trading and it is not an easy mission.
It really depends on the coin, but if you want, you see it yourself what could be profitable to you, for me week trading is good for as long as you still look every day at the price of the coin you are investing at. You also have to set your own strategies and of course you can do that though your own experience.Jump to: