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
You can make 1 or 2% everyday in the crypto trading but in the ext day you might loss 5% or more,so making profits on monthly basis is really unpredictable so you may have target of about 10% or lower per month and try to hit it with all the strategies implemented. 
Topic: which is easier 1-2% a day or 20-30% per month - page 9. (Read 19265 times)
Neither of it is easy unless you know exactly that the market will drop to 20% - 30% by the end of the month. If lets say you really know it will happen, I don't think you'd wait for it to happen, you'd really need to sell before that will happen and then see for yourself whether the market stabilize before buying back. If not then just hold on to your funds in stable coin.
As others have suggested to already, the better choice is what you're better at yourself; short-term trading or trading for the longer term. The only way you can find out if you don't already know is to try trading for a while and finding what you're best at. Knowing yourself and what you're capable of is important for many activities in life, and trading's no different.
Both are impossible to do it day by day or month by month. You can have one lucky month with 100% profit. 1 lucky day with 20% profit but it will never be repeatable. Market is different every day and every day you need to learn it.
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
Perhaps 1-2% a day is more common than keeping your coins unmoving for a month. A lot of things can happen during that period and 10 to 20 percent may have been hit and then dumped before you check it after a month.
Look at your question from the other side - is it better to lose 1-2% per day or 20% per month?
Remember, it’s not always you will make a profit and there will be days when minus and disappointments will come to you ...
Remember, it’s not always you will make a profit and there will be days when minus and disappointments will come to you ...
I'm not saying that 20% per month is easier, but I think it'd be better if you base your targets on longer time frames, like every month or every quarter. Setting your profit targets per day can be quite inaccurate at times, as there's definitely going to be days that you won't even earn profit or even lose big percentages.
It really completely depends on you though. Why not try both for a few months, then go with what works best for you. It's not the same for everyone anyway. Best of luck.
It really completely depends on you though. Why not try both for a few months, then go with what works best for you. It's not the same for everyone anyway. Best of luck.
This inst Forex though one of the things that attracts people to crypto is the huge swings. I have seen 5 min candles go up and down 5%
I was doing some paper trading earlier and two coins went up 1% in 10 mins (today is a green day overall)
You cant do it long term unless you are really skilled but the opportunity is there
I was doing some paper trading earlier and two coins went up 1% in 10 mins (today is a green day overall)
You cant do it long term unless you are really skilled but the opportunity is there
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.
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.
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.
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
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