which is easier 1-2% a day or 20-30% per month - page 6.

Kotone

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Quote from: forestx on December 09, 2018, 10:01:09 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

For a beginner in the market, it's better to start with 1-2% a day consistently and to learn more trades as possible to find your effective system that you can use to just trade a few times but can yield the same result when your trading more often. Efficiency wise it's better right and you can do this not just to one market, you can also try this to others that will give you more leverage.

shinharu10282016

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Quote from: DarkBullet on December 16, 2018, 05:09:46 AM

Quote from: Greed Dev on December 16, 2018, 02:21:28 AM

We will not be able to find a stable number in the crypto market and I advise you to give up that plan.
This is because a volatile market will never give investors a stable return. It can make us say 15% of today's property value, but tomorrow it will make us lose more than 30%. Grin

I agree in a fact that there is no stable return in cryptocurrency and it actually depends on how the market runs. Sometimes we lose, sometimes we win and that also depends on your trading strategy plus applying your experiences will also give you better understanding where to sell or buy it back. Gaining and loosing can be controlled if you are a day trader and using the stop limit / stop loss tools properly. Controlling your emotions is always a must.

Yea, crypto all runs on the how the market. Most of the time, especially this year, we lost it.

I guess controlling your emotions applies to all aspect of life, not just in crypto.

Anyways, about the topic, both of the options are quite the same. 1-2% per day is too good to be true.

20-30% per month is quite reasonable if you're experienced.

DarkBullet

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Quote from: Greed Dev on December 16, 2018, 02:21:28 AM

We will not be able to find a stable number in the crypto market and I advise you to give up that plan.
This is because a volatile market will never give investors a stable return. It can make us say 15% of today's property value, but tomorrow it will make us lose more than 30%. Grin

I agree in a fact that there is no stable return in cryptocurrency and it actually depends on how the market runs. Sometimes we lose, sometimes we win and that also depends on your trading strategy plus applying your experiences will also give you better understanding where to sell or buy it back. Gaining and loosing can be controlled if you are a day trader and using the stop limit / stop loss tools properly. Controlling your emotions is always a must.

Greed Dev

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We will not be able to find a stable number in the crypto market and I advise you to give up that plan.
This is because a volatile market will never give investors a stable return. It can make us say 15% of today's property value, but tomorrow it will make us lose more than 30%. Grin

adaseb

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I've started trading in various markets over a decade ago, because I looked at the markets how they move hundreds of points everyday, I figured I am smart enough to make at least 1% daily. And let me tell you... its much easier to lose 1% daily than to make it... especially consistently.

I think you are better off trading the longer terms but you need to realize you won't make 20% unless you take significant risks. Trading now, especially in these bear markets is very difficult. The bull markets were easy but they don't last forever.

These markets are all zero-sum. For you to make money... someone has to lose it. And it will most likely be you.

hermankoles

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Crypto price fluctuations continue to occur almost every minute or hour, and I prefer daily trading to get 1-2% profit per transaction per day and that of course I am sharing a coin portfolio that maximizes profit and minimizes loss

Bobby park

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Quote from: forestx on December 09, 2018, 10:01:09 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

It is not hard to do when market is at the good condition. But 1% to 2% daily profit is impossible in a bearish season. Probably, it is achievable in 20% per month because we can make a long strategy dealing with our hold coins and etc. But, it is also difficult to make profits if time by time, we lose our capital. I do not have strategy in bear market than to hold or scalp.

Yusuf77

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Quote from: noormcs5 on December 15, 2018, 01:02:43 PM

Quote from: cryptoblue77 on December 12, 2018, 02:11:45 AM

In the present market situation, neither of these are easier, but 20-30% per month would be reasonable. If you are an experienced trader then you can get both of these without much difficulty.

Yes, both of the targets are impossible to achieve in the current market conditions. We are seeing more and more dump each day and i am sure good traders have stopped trading for the time being, until the bitcoin bottom is clear.

maybe the trader must choose one of them and make a good plan in order to achieve it. but nowadays there are so many people who stop and look for new things that can make money. of course it all depends on you and the decision is in your hands.

QuadsPoker

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Quote from: noormcs5 on December 15, 2018, 01:02:43 PM

Quote from: cryptoblue77 on December 12, 2018, 02:11:45 AM

In the present market situation, neither of these are easier, but 20-30% per month would be reasonable. If you are an experienced trader then you can get both of these without much difficulty.

Yes, both of the targets are impossible to achieve in the current market conditions. We are seeing more and more dump each day and i am sure good traders have stopped trading for the time being, until the bitcoin bottom is clear.

why do people say it is impossible to trade? I made multiple profitable trades today like I do everyday. and I use the same simple strategy that can be used in bear and bull market

noormcs5

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Quote from: cryptoblue77 on December 12, 2018, 02:11:45 AM

In the present market situation, neither of these are easier, but 20-30% per month would be reasonable. If you are an experienced trader then you can get both of these without much difficulty.

Yes, both of the targets are impossible to achieve in the current market conditions. We are seeing more and more dump each day and i am sure good traders have stopped trading for the time being, until the bitcoin bottom is clear.

QuadsPoker

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nothing is impossible

My opinion is that 1% daily must be an achievable goal.
You only have to exclude losing trading as much as possible.

Me personally I chase my 1% goal every day but to achieve this I do as many trades as possible and take as many micro profits as possible. Its like value betting in sports betting by adding a huge volume in bets (trades) you can decrease the variance more or less.

For this huge volume of trades I mostly only use Bollinger bands and apply my dip strategy combined with the Bollinger bands.

But anyway I do not claim that you will be profitable every day but my personal experience learns me I m profitable 80% of my trading days. And the days I am not profitable losses are minimalistic. Putting only 1-5% of your total balance in 1 trade than you can minimise your losses if a trade goes wrong.

paper-eddy

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Quote from: deandree on December 10, 2018, 03:53:36 PM

Some quick maths for you (starting with 1000$, 1% per day + reinvesting profits = exponential):

In 1 year you’ll get 1.01³⁶⁵ = 37x (3700%) = 37K. Well done, getting some nice profit for your hard work.
In 2 years you’ll get 1.01²*³⁶⁵ = 1427x = 1.4M. That Lambo is finally yours. I hope you went with yellow.
In 3 years you’ll get 1.01³*³⁶⁵= 53939x = 53M. You own boats and planes now. Ballin’ 24/7.
In 5 years you’ll get 1.01⁵*³⁶⁵= 77002912x = 77B. You own a country now.
In 10 years … The Universe is yours, congratulations.

what better way to live life than to own it lol

panganib999

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Quote from: forestx on December 09, 2018, 10:01:09 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

Both are easy to achieve however there are hindrances to do that like market fluctuation, price variation and market situations. Well we all want us to make profit in here but money ain't instant and so we have different strategies to use on this kind of industry and that is what we need to find while engaging on cryptocurrency. Everything is possible in here so find a way to make money.

wuvdoll

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Quote from: forestx on December 09, 2018, 10:01:09 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

Neither of them is easy to achieve however we are missing the point of the question, he is not asking if one of them is easy, he is not asking if we can achieve any of them. He is asking which one is easier compared to other that is all. Something could be %99 impossible to achieve but if the other is 100% than the other one is automatically easier. Hence, I think we should just choose one of the options as the easier option.

If you ask me making 20%-30% per month is easier, now there is a lot of difference between 20 and 30 but there is also a lot of difference between 30 and 60 which is what daily 1-2 is suggesting. Hence it is highly unlikely someone can make ANY profit at all during these days but making 20% is a lot easier than making 60% every month. Thats why my vote goes to 20%-30% per month option. Not that its easy but its at least easier.

The Cryptovator

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Why should have you wait for one month? Is it not better daily 1-3% so it will become monthly 30-90%. Who know after one month your hold coin become 30% down. So why not trade daily. I mean just get few profit and exit from it then go another coin. You can choose few coin for day trade. I am not fan of monthly trade if in case coin price has not dropped much. However it's your money and you have to decide yourself. Take risk what you can afford. Just don't be much greedy, it can make you loser.

Renaldi blackspadeteam

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I prefer to trade crypto every day, maybe because I'm used to it, and sometimes I can't get 1-2% per day, because of the price down, but in monthly trading, I'm afraid the price keep down

LuvCyanide

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I invest in currency every 2 or 3 days. During this time, the currency has time to grow. I'm afraid to invest for a month in a falling market.

darkr

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Quote from: haroldtee on December 12, 2018, 06:52:03 AM

The thing with trading honestly is that no style of trading is easy. Some always think if they switch from day trade to short term, mid term or long term you will have it easier, but the truth is that if you approach the market as if you are gambling, the same fate will always await you as an individual.

What you make as profit depends on how you make it which is your strategy, and how you make it, depends on the knowledge you have to be able to make it. Profit does not come easily in trading, you just have to know what you are doing, and do it right to be able to get the best from it.

Yes, it is useless to make these targets. The crypto market can go up and down several times a day, and you can never guess if you make money today or lose everything. Just consider the current situation.

Slow death

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Quote from: forestx on December 09, 2018, 10:01:09 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

some things you need to keep in mind:

1- Choose good currency, in my opinion bitcoin is the best option

2 - have a good capital, and in my opinion is more profitable when you have more than 1 btc

3 - Do not set goals as if every day you would be forced to have profits from 1% to 2%, there will be days that you will not be able to trade for several reasons. The best would be you just make trade without estimating goals for your mind do not charge much of yourself (do not feel much pressure)

Quote from: deandree on December 10, 2018, 03:53:36 PM

Some quick maths for you (starting with 1000$, 1% per day + reinvesting profits = exponential):

In 1 year you’ll get 1.01³⁶⁵ = 37x (3700%) = 37K. Well done, getting some nice profit for your hard work.
In 2 years you’ll get 1.01²*³⁶⁵ = 1427x = 1.4M. That Lambo is finally yours. I hope you went with yellow.
In 3 years you’ll get 1.01³*³⁶⁵= 53939x = 53M. You own boats and planes now. Ballin’ 24/7.
In 5 years you’ll get 1.01⁵*³⁶⁵= 77002912x = 77B. You own a country now.
In 10 years … The Universe is yours, congratulations.

if he does exactly so he will be the next richest man in the world

milewilda

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Quote from: forestx on December 09, 2018, 10:01:09 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

Neither which way on what would you prefer but since you do day trade then small percentage profits would always do.As long you are making positive results in the end of the day, you might
either earn more than on what you have expected.

Quote from: butka on December 09, 2018, 10:37:03 AM

1-2% a day? IMO, that's not realistic. Think about this: 6 percent a month, that's about doubling your account every year. That's huge. If we take Forex as an example, the best traders aim for 20 percent increase of their account every year. You cannot possibly have a realistic long term strategy and consistent profit with 1-2% gain per day. Even if you manage to get that profit a couple of months in a row, the next trade could be a huge loss that may wipe out the previous gains. Better to have a working strategy that gives you consistent profit, albeit much smaller than what you said.

For Forex and Stocks talks then 1-2% gain is already huge but for crypto it would be a little different due to chances of earning more due to volatility but well in exchange
the loss would have the same ratio.

Topic: which is easier 1-2% a day or 20-30% per month - page 6. (Read 19238 times)