which is easier 1-2% a day or 20-30% per month

dezoel

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Quote from: bamb on August 23, 2021, 10:45:02 AM

Targeting 1-2 percents daily is not the problem as these can be achieved very easily. The concern here is missing the huge potential movement in price on your traded coin. Cryptocurrency gains could be astronomical and the losses could be devastating as well! The important thing however is to create a strategy that will make you richer instead of getting bye on your daily trade!

I do not think that making 1-2% daily is easy, nobody can do that consistently without a problem, missing out on the future bigger profits is not the issue here at all. Can you make 1-2% daily sometimes? Of course you can, you can make even more, you can keep on making ton of profit, I know days I made 2x profit on my trades, it is definitely possible and it is definitely not an issue.

However the question here is not making it once in a while, the problem is that can you make it "daily"? And anyone who thinks that it is easy to make that every day is kidding themselves, it is not possible to make that daily at all, it is definitely a big problem whenever there is a bear market and that is why I believe that we should not be really considering this as an easy way to make money, we should be finding longer term profits more steady and reliable in these cases.

bamb

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Targeting 1-2 percents daily is not the problem as these can be achieved very easily. The concern here is missing the huge potential movement in price on your traded coin. Cryptocurrency gains could be astronomical and the losses could be devastating as well! The important thing however is to create a strategy that will make you richer instead of getting bye on your daily trade!

TheListener

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I think monthly base is best because when we do daily profit or loos also face so when we see loos we are overminded so that's why we are panic sell best way is monthly base profit is best and we can easily gain this

awik p

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Quote from: checkmatesir on August 23, 2021, 04:40:22 AM

In day trading there will be more chances of loss, because it is risks on daily basis and you know really well having trading strategies, there must be some good fortune of every trader to make profits, you can easily make 1-2% daily in day trading but as i had already tell you that you have to be ready for the loss too.

Daily trading is certainly more complex in terms of things that must be mastered, because of course it will be more difficult for us to pay attention to markets that have high fluctuations. For people who are experienced in trading, I think 1-2% profit is a logical number to achieve in trading. although sometimes we suffer losses, but in a month we can earn 20-30% is a successful achievement

Pasa32

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For long term coins you need to have a big capital and for day trading or short term you need to start with a small capital, it doesn't matter. But there will be more risks of losing money, And another think i must tell you that 2-3% of profit you can get it easily by following the trading strategies.

imstillthebest

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Quote from: Artime on August 23, 2021, 01:03:53 AM

To avoid risk, it is best to choose a coin that already has a certain weight.

yeah bro it all starts there before we can proceed on deciding if we will do daily trades or invest and harvest our profits monthly .
choosing a good coin reduces our risk but theres no way of avoidig a risk like what you are saying .

Quote from: checkmatesir on August 23, 2021, 04:40:22 AM

In day trading there will be more chances of loss, because it is risks on daily basis and you know really well having trading strategies, there must be some good fortune of every trader to make profits, you can easily make 1-2% daily in day trading but as i had already tell you that you have to be ready for the loss too.

good skills plus luck and at the end we are only going to earn 1 to 2 percent?
but investing and making profit for a month looks good at its kinda bit easy at the same time , no wonder many people chooses this path over the other one .

checkmatesir

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In day trading there will be more chances of loss, because it is risks on daily basis and you know really well having trading strategies, there must be some good fortune of every trader to make profits, you can easily make 1-2% daily in day trading but as i had already tell you that you have to be ready for the loss too.

Artime

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To avoid risk, it is best to choose a coin that already has a certain weight.

iMark

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Quote from: forestx on December 09, 2018, 09:01:09 AM

Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month

every trader has different skills, so just adjust to your skills, but if you have a short-term strategy that can really profit 1-2%, of course it's better because in every month you will produce 30-60%, but if you can't, don't force it, 20% is also worth a lot if you have a large capital.

Not only depends on the skill, but depends on the coins you buy too. Not all coins you buy can have a high increase or even have a price increase that day. adjust the profit you will take from the market situation of these coins you buy, if the coin has the possibility to go higher it is not a problem to wait until the price rises to above 10%, that includes large profits in one day, many altcoins can go up more than that in just 1 day, once again it depends on the market conditions of each coin.

Renampun

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my personal experience, it's easier to produce 20-30% /month than 1-2% /day,
I have been trading for several years (forex and cryptocurrencies) and have tried various methods and time frames,
Daily trading does not make me comfortable. I am more suited to weekly or monthly trading.

TriplexXx

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Quote from: forestx on December 09, 2018, 09:01:09 AM

Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month

No such coin. the market is fluctuating so if you make a profit today it easy to lose that money tomorrow. people only get 20% and more when the market is bullish that is why I suggest HODLing only during the market bull run because there is no profit HODLing a coin when the market is bearish.

djselery

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Both aren't guaranteed because the risk of losing is always high even if you are very experienced in trading cryptocurrencies. Maybe the short term trading seems a bit easier, but it is also not guaranteed to earn you a 1-2% daily. Earning 20-30% monthly is a bit harder especially on the actual market conditions.

Omega Weapon

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Quote from: nambu on October 02, 2019, 11:30:15 PM

Every day I get more and more experience in trading and I want to say that it is very difficult to predict the percentage of profit for the month and it will constantly vary depending on the cryptocurrencies from which your portfolio is made

And that is the main issue with trying to earn a specific amount of money each day or month, what if the market is not moving and you are not getting any signals that indicate a profitable trade? Most people instead of accepting a lower amount of profits will begin to take even greater risks and while this can work in the short term this will eventually end and you will suffer massive losses and by the time you realize your mistake it will be too late and it will be impossible to correct it.

teosanru

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Quote from: adroitful_one on October 02, 2019, 05:42:34 AM

1-2% per trade is fairly easy to accomplish. If you buy in at the right time, you can easily pick up 3%+ in just a few minutes. If you do one of these trades a day, then you're better off going that route. The reason is, that 1% gain you got adds onto the next trade you do. So, let's say you started with $10, now you have $10.10 to invest and will have $10.12 on the next trade. So, it's better to shoot for the 1-2%/day due to the compounding gains. At the end of the month, you will have made more than if you just held the coin to get to the 20-30%.

It's not easy as it looks like to gain 1-2% per trade. Actually these types of traders who trade for such small gains are called scalpers and generally scalpers don't make their trades manually instead they do it with the help of softwares. Reason here is that for such small time trades you need to be really quick even 10 seconds of delay can be a game changer. Moreover not all coins experience such volume to get these types of gain daily. Moreover as easy it is to have a 3% movement on your side equally easy it is to get a 3% movement on your opposite side. So most number of times you will end up hitting your stop losses because a simple large dumper can manipulate the market by 2% fairly easily and it happens numerous times daily.

man22555

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For the brain it's probably easier to imagine 1% daily.
This will work best as it's achievable and will bring a cumulative effect.

Kencha77

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Quote from: forestx on December 09, 2018, 09:01:09 AM

Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month

Getting 1-2% a day is easier for me but I have been a trader too and what I experienced is that anytime I reach 1-2% profit daily, I became more greedy and try to trade again to get more profit. This is my mistake when I'm trading and that is the reason too why I stopped trading right now. Getting both of them are easy only if you know how to control yourself when trading.

nambu

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Every day I get more and more experience in trading and I want to say that it is very difficult to predict the percentage of profit for the month and it will constantly vary depending on the cryptocurrencies from which your portfolio is made

debuni

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Quote from: forestx on December 09, 2018, 09:01:09 AM

Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month

Profits depends on risk, for exemple you can either choose to lend your bitcoins on an exchange for a 10% annual rate but a pretty low risk (considering the exchange doesn't get hacked/scam), or you can choose to scalp/day trade, high risk high reward!

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Quote from: travwill on October 01, 2019, 05:42:47 PM

Perhaps scalping, one of the activities that can bring 1% -2% per day. Or trading without shorts, you can also with shorts if you are experienced.
In any case, for all these activities you need experience and knowledge. How to earn 20% per month from my income without any particular risks, I don’t know, all the options I know are quite risky.
Income of 20% - 30% per month is a fairly large amount. As a rule, such incomes, especially in the crypto sector, are fraught with high risks,
which means that in some of the months you can lose a significant amount of money from already earned ones.
I like the earnings of 1% -2% per day more, because every day the amount will increase and increase.

Statistics exist and it says that only 3-5% of traders that deal with cryptocurrencies get their profits regularly and reach success. Therefore, the main thing here is not to think of how much you can make and which of the strategies will be the best one for you. The main idea is to create a strategy where you will not lose or at least make these possible losses as small as possible.

It is true that very few traders succeed in the long run, so it's essential to distinguish yourself with your own strategy and to have a very good risk management

Polar91

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It's more feasible to acquire 1-2 % a day profit rather than 20% a month. The main factor is the volitality of the market. The market movement of crypto is very agressive thus it's a great opportunity for scalpers who are targetting to make profit a day. Market movement of crypto these previous months are moving sideways thus long term trading isn't that worth it.

Omega Weapon

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Both of them are incredibly difficult, I do not think that people really realize how difficult it is to make that amount of money, even if your starting capital was small you could become a millionaire in just a few years with those kind of profits so before people think about how to get those kind of profits people need to really think if they are willing to accept the risks that comes from trying to get that kind of money because I can assure you that if someone tries to get those profits 99% of them will fail.

Topic: which is easier 1-2% a day or 20-30% per month (Read 19265 times)