Topic: Whats more profitable Day Trading or Trade for weeks - page 4. (Read 510 times)
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.
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%?
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It totally depends on which coin your are choosing,coins like bitcoin which are very old and stable can be hold for longer period of time for great profit and if you are investing in new coins like OmiseGo,Stark,Dash,ETH,you have to be very smart as well as quick with selling as this kind of coins can easily be increased as well as crash so you can do day trading with them.On that if you get 5% profit daily that's impeccable should be continued.
I'd rather have a daily 5% increase on my profits rather than waiting for a week in order to generate 100% without any of the slightest guarantees that you'll hit it. Any gain is still a gain in profit and money, so I'd take the chance on taking it no matter how small it is rather than waiting for something that has no guarantees that it will even manifest. Also, if it works on somebody doesn't mean it will also work on your strategies. If you're already benefiting from either of the two methods, stick to it and improve 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%?
It depends on what coin that you trade, if you trade on bitcoin, I prefer trading daily with bitcoins. Because the price of bitcoin is always changed every minutes right now. I think I can earn 1-10% daily by trading only from bitcoins. Weekly trading is good for altcoins.
You can do both. First, you have to gain experience. Those who are experience traders, they have got several strategies. They are getting profit by trading daily and weekly.
Its hard to predict the huge pumps like 200% or 500% you might even have to wait for more than a year to get those return but it is quite risk free form of trading ideal for newbie traders.
Short term or day trading is quite risky but it is also rewarding, price of almost every altcoins + bitcoin fluctuates by more than 5% everyday so if you can just read the charts and market trend you can make good profit in short period but you can also loss more than 50% if market suddenly crashes or pumps hard.
Short term or day trading is quite risky but it is also rewarding, price of almost every altcoins + bitcoin fluctuates by more than 5% everyday so if you can just read the charts and market trend you can make good profit in short period but you can also loss more than 50% if market suddenly crashes or pumps hard.
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%?
This is dependent at your decision. Both are relatively profitable. If you have the skills and luck, investing in a day will probably bring you a great profit. I think so. It also depends on the changes of market.
When you are dealing with a strong bull market like the one we're seeing for bitcoin, the best thing is to simply buy and hold.
Day trading will get you rekt, as will shorting.
You could try day trading alts though.
Day trading will get you rekt, as will shorting.
You could try day trading alts though.
the best thing to know : when to keep your strategy , and when is better to be flexible and work with an other strategy
and these is so important because some time the market is so cloudy
and you should be out of the market even if you were a day trader
and some times you are a week trader but you should collecte your profits the day of entry
and these is so important because some time the market is so cloudy
and you should be out of the market even if you were a day trader
and some times you are a week trader but you should collecte your profits the day of entry
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%?
Don't compare it. Instead do what you think will give you more profit. Generally and obviously, aside from bitcoin, we have different set of coins in our portfolio.
Remember that all cryptos have different behaviour in terms of price and volume therefore we have different way on how we will treat our coins whether is it good for day trading or much better if it will goes to long term hodling. You will have to make your own strategy here on how will you deal on that both. Might better try it and see the output by yourself. Goodluck.
it will depend on what the market tells you... sometimes day trading soing cutloss gives you smaller percentage in total...
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%?
If you have high capital then I think it's better for day trading. But then if you want to just hold and wait then it's also good when you have other side jobs to buy your daily needs. I'm also day trading but I trade other currencies and do all my withdrawals in bitcoin so all profits go directly back into Bitcoin and hold it for a while.
what weeks ? 2 weeks ? 20 weeks or what ?
there are only day trade(short trade),mid trade and long trade.
in my opinion doing a daily trading and weekly trading are totally same,because it's only around 7 days or around that.
(let assume that we're doing a 7 days trade or 1 week trade compared to daily trade)
so which one is more profitable between one and another ? it's all depend on your strategy and that coin itself.
also,wait for 100~800% increase in a week time ? i do not think so mate.
it's not that simple and the market will not move that way,
if people know the price will be pumped for more than 2x from its average price,
they will choose to hold it for a week and then sell it right away.
before get that kind of movement we need to pass many cycle,
first of all we need to pass the accumulation phase,that time the price will be surpressed a lot by the whales.
and then we will see a bulltrap after accumulation phase and then pump phase.
so for me both of them are same.
there are only day trade(short trade),mid trade and long trade.
in my opinion doing a daily trading and weekly trading are totally same,because it's only around 7 days or around that.
(let assume that we're doing a 7 days trade or 1 week trade compared to daily trade)
so which one is more profitable between one and another ? it's all depend on your strategy and that coin itself.
also,wait for 100~800% increase in a week time ? i do not think so mate.
it's not that simple and the market will not move that way,
if people know the price will be pumped for more than 2x from its average price,
they will choose to hold it for a week and then sell it right away.
before get that kind of movement we need to pass many cycle,
first of all we need to pass the accumulation phase,that time the price will be surpressed a lot by the whales.
and then we will see a bulltrap after accumulation phase and then pump phase.
so for me both of them are same.
On my opinion, i think trading depends on the %profit that you will get from it. You cannot predict bitcoin's price so its hard to decide whether to go with one day or a week trading. If you really want to trade, check on the price first, then do trading. If the price is low, buy bitcoin, then sell when its price goes up. But see to it that you will have a good profit from it.
If you have time then the surfing will be more profitable when you hold long. You do not know anything about surfing I think you should hold some coin long will be better 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 is better to trade for longer distances and for news! It's more stable there.
It depends on how much profit you are generating from each trade. Usually day trading will result in more profit since there are many currencies that skyrocket in a day and then dump the other day. Recently there was a surge in altcoins like ETH, LTC, DASH etc.. where the price increased in hundreds and then dumped the other day. According to me you should hold a coin until and profit and then dump it when it begins to crash.
If you are getting 5% daily gains then that is seriously a good trade and you must continue with it.
If you are getting 5% daily gains then that is seriously a good trade and you must continue with it.
It is so simple! Just try both and see what works for you.
No one can give you a definite answer to that and as long as you are comfortable with whatever decision you make, then you are good to go. Also, there are already so many questions like this even on page 1 of Trading Discussion thread and next time you can just read through what every one said and make your decision based on that.
So true be a man and make decissions for yourself for a good invest and long term waiting for it bitcoin is the right choice for OP. Though if you want fast money you should do trading fast while its still valuable. No one can give you a definite answer to that and as long as you are comfortable with whatever decision you make, then you are good to go. Also, there are already so many questions like this even on page 1 of Trading Discussion thread and next time you can just read through what every one said and make your decision based on that.
It is so simple! Just try both and see what works for you.
No one can give you a definite answer to that and as long as you are comfortable with whatever decision you make, then you are good to go. Also, there are already so many questions like this even on page 1 of Trading Discussion thread and next time you can just read through what every one said and make your decision based on that.
No one can give you a definite answer to that and as long as you are comfortable with whatever decision you make, then you are good to go. Also, there are already so many questions like this even on page 1 of Trading Discussion thread and next time you can just read through what every one said and make your decision based on that.
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