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Topic: which is easier 1-2% a day or 20-30% per month - page 7. (Read 19265 times)

copper member
Activity: 322
Merit: 0
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
1-2% per day. As the little even for day trade. You can safely earn 10%, but only if it is suitable for you? You decide which method is more attractive for you.
hero member
Activity: 1148
Merit: 527
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
Everyone has their own strategy. If you decide to rely on the 1% daily profit, based on your skills, and it’s actually working for you, by the end of the month you will have accomplished about 30% or more. But a lot of people would prefer to go long term while investing, it usually works for those that are perfectly skilled in trading.
But I believe there will be no need of any special skill in trading if you go for long term investing. Yes, long term investing is the option for those who are NOT perfectly skilled in trading. With the option of long term holding, you will be able to eliminate all the risks associated with short-term trading and investing.

Making daily 1% or 2% is purely based on your skill set. If you are able to do so then definitely you can go for it. But before going for it you should understand that risks with it. If you do not want to take the risk then you should go for long term investing and not even for 30% target of monthly.

Most commonly, it would be much better to avoid daily trading. Because crypto markets are highly fluctuated  one and if you go for daily trading then the chances to making losses is more than making any profits.
sr. member
Activity: 1274
Merit: 252
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 this year it is better to use a daily trade by producing 1-2% for each action, based on what I know and my analysis, the market decreases longer and I am not sure if we hold too long can produce 20% profit especially we are in bearish. Although the strategy taken depends on the skills of the traders themselves and the risks they take, but my advice is not to rush into the trade this month unless you are confident in your strategy and skills.
full member
Activity: 566
Merit: 102
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
Everyone has their own strategy. If you decide to rely on the 1% daily profit, based on your skills, and it’s actually working for you, by the end of the month you will have accomplished about 30% or more. But a lot of people would prefer to go long term while investing, it usually works for those that are perfectly skilled in trading.
hero member
Activity: 1008
Merit: 501
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.
Actually I don't really make a target one month for what percentage profit should I reach because that will only make me feel shit and maybe stress if the target is not reached. I just play according to the circumstances. when the price is time for sale then I will sell. I can for >10% profit in a few days. depending on market conditions
having 20-30% a month is like dreaming for a lambo just right after investing a hundreds on cryptocurrency, pretty ridiculous right ? Well it is possible though with proper strategy to use and market approach you'll get what you want or even more but then again there is a so called volatility and so i agree on this, play with the market on its circumstances don't just simply trade.
20%-30% of profit is possible but you can't be sure you can profit by that target every month. you are right, use your strategy and take any profit before the market conditions on the coins you buy turnover.
newbie
Activity: 80
Merit: 0
As I see it, those are two completing different strategies. Day trading targets daily profits, and it could be in the region of 1 or 2% growth on your capital.
On the other hand, you are going long and expecting profit over a longer time frame.

That said, there is no better or worse strategy, only what suits your skill set.
Trade according to your tools.
do not jump too quickly into trading if we are still uncertain, it is better to do a simulation in a different way, because by doing a simulation first, we will feel more stable in trading, try not to wander with all your money, because the large potential losses will always a real threat, we can do simulations of bitcoin trading without using real capital, so there is no potential loss.
sr. member
Activity: 1274
Merit: 263
Better 20 percent everymonth becayse market now is unpredictable and it's hard to get profit everyday because now the coins decrease everyday or everyweek. And the only way to earn money is longterm or maybe hold it for few weeks to earn some profit.
jr. member
Activity: 123
Merit: 8
If you try to catch small price fluctuations and earn 1-2% per day, then a lot of money will go to the exchange Commission and sometimes this type of trading is not profitable.
My opinion is optimal to get 20-30 % per month by issuing orders to sell at a higher price. There are always sharp UPS and candles during the month, so you can catch such price jumps.
hero member
Activity: 1750
Merit: 589
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.
Actually I don't really make a target one month for what percentage profit should I reach because that will only make me feel shit and maybe stress if the target is not reached. I just play according to the circumstances. when the price is time for sale then I will sell. I can for >10% profit in a few days. depending on market conditions
having 20-30% a month is like dreaming for a lambo just right after investing a hundreds on cryptocurrency, pretty ridiculous right ? Well it is possible though with proper strategy to use and market approach you'll get what you want or even more but then again there is a so called volatility and so i agree on this, play with the market on its circumstances don't just simply trade.
sr. member
Activity: 644
Merit: 299
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.
hero member
Activity: 1008
Merit: 501
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.
Actually I don't really make a target one month for what percentage profit should I reach because that will only make me feel shit and maybe stress if the target is not reached. I just play according to the circumstances. when the price is time for sale then I will sell. I can for >10% profit in a few days. depending on market conditions
member
Activity: 472
Merit: 10
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.
legendary
Activity: 1834
Merit: 1036
try and get 1-2% a day

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.
It is realistic. Just look at the price of Bitcoin for example yesterday. The price of Bitcoin was traded from $3,300 to $3,500 all day. If you Buy at $3,300 and sell at $3,430 you earned 3%. There are altcoins also was traded with 2%-3% gains yesterday, so earning 1% - 2% per day is achievable and realistic and by doing the same strategy on a daily basis, 30% gain in a month from your starting capital is possible.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
good idea but how to get 2% per day?
this is difficult because trade cannot be predicted. I don't think it's that easy, unless you have more capital and you focus on your trade, it's impossible with the current market situation.
jr. member
Activity: 278
Merit: 1
In my opinion it is totally depend on your techniques and skill. If you have enough skill then you can earn 1-2% daily by trading and if you have less knowledge and skill then go for 20-30% monthly profits.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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


I prefer to get 1-2% a day than 20% over a month because we can try to make that 1-2% with various coins and don't forget that we have a big option of the coins to make a profit. But this will only work well if you have the skills to analyze the coins so you can find the right coins to buy and sell at the high price. Getting 20% over a month could be work if you have the patience to wait for the price to increase higher especially if you trade bitcoin pair fiat. But I don't think that you will see the same percentage in the altcoin because I think once the altcoin increase, it can increase more than 20% but it's not for a long time, and after that, the price will be back to the price before.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
it really depends on the strategy you are choosing and most important of all it depends on your experience in making profit. profit is not something that comes to you only if you buy random coins, it comes to you through hard work and lots of experience and a tiny bit of luck.

so when it comes to trading, you should stick to what you know. and as far as altcoins are concerned they are most profitable in short term. it doesn't have to be a day trading thing where you earn a fixed percentage per day but it should be short term where you dump the coins that are pumped before others dump.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
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
I will pick a month, at past i do daily trading, but it is very stressful. We forced to get profit everyday and pick which coin is good and can make fast profit, not only profit but fast profit because we can't stuck in a coin which we pick.

If you make a target of one to two percent daily, it will be hard to achieve on daily basis especially in the current bearish market. Even getting 20% to 30% is hard too in trading these days as you will be stuck in one or more coins for surely as we never know when the market moves further down.
member
Activity: 336
Merit: 55
I prefer 1% to 2% a day because it is more realistic than 20% to 30% a month which is also hard to achieve in today's market. If you are a day trader, you can earn up to 5% depending on your strategy, familiarization and knowledge in trading. Besides, 2% rule is very effective in trading and will minimize your losses and gains at the same time. You can watch it on youtube or search it on investopedia website for you to get more information how this rule works.
sr. member
Activity: 630
Merit: 250
The truth is that all these depends on you as an individual and your style of trading which basically sums up with what you are comfortable with. If you want to day trade and you can cope, then you can manage to be hitting your 1 - 2% daily, but you should know that market is not a rosy thing you will just assume a  consistent 1 - 2% daily or 20-30% monthly, most especially when it is in a bear trend. However, the main thing is to be sure you have what it takes to trade with a strategy and a plan, not just gambling your position.
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