Bitcoin Forum

Hi folks!

Lately I've been reading about people doing the so called "Swing trading" on different altcoins doing a daily +%1 profit, or 1.5% considering the operation fees to buy and sell. So I've been wondering how risky it could be and how to actually reduce it's risk. I've been mostly mining ETH and holding it, or exchanging it for bitcoin from time to time, but I believe there's better business opportunities doing some trading.

Could you advice on how risky it is to attempt this?
Do you know some serious company doing crypto currency trading?
Do you have any experience with this type of trading?

Have a good week!
Chris

For me, 1% daily is easy to achieve, without high risk (i offer an investment management service too, follow mi signature if you are interested) .
But you have to consider that is always better to split your infestmenst into more method- more provided (so never go only on a single broker, never go all in, never go against the market).
Never follow ponzies or Hyps, better if your coin are always in a your account and always available for withdrawal (so stay away from ppl that ask you to send coin to theyr wallet...)

Feel free to contact me for any info you need, i'm sure that we could start a good partnership.

I don't think these kind of trading is not possible as per your calculation you will get 30% of your investment monthly.You may achieve this trafet once or twice but you can not do it always because trading is riskier and this is most volatile market.And I don't know what is called swing trading,are you referring the arbitrage trading?

1% of profit daily is already big profit since 30% of profit in just a month is already big amount. According to what I know 1% is already great profit of a good trader, he is good at trading at all. Well, i wish i havr earned 1% also everytime I trade everyday.

That is called DAY Trading and in crypto market daily gains of 1% to 5% is very common , specially in this stagnant market conditions.
Use of RSI , Stocastic RSI , bollinger bands helps in buying low and selling at top and this type of trade can be done in cyclic manner and is really fruitfull when trading is bigger amounts.

But day trading are more riskier and you can't expect stable income of 1% return from your investment if your are more skilled trader you can make it but it not possible for the newbie as the OP himself said he is newbie to trading.BUt he can try it but never invest the money more than he can afford to lose.

Yes it's possible but even you are very cautious about the percentage of the loss there is no way you won't lose a penny. Yeah it's like taking a lottery that you know what the odds are. Yeah no! Even if you did manage to have that there is no way the coin you have will stead on to that point and keep growing.

Everything is possible and the risk is same, loosing money. Trading is not easy but you should prepare your skill, fund and also mindset before start. They can do " swing " method and get 1 - 1,5% / day but that's them not you, even you copy their method, I believe the result will different. I suggest you practice with demo account to know how the market works. Do that until you find your style to make profit.

Thats possible but it is possible only if you are willing to spend huge time and patience on the trades that yo have got for the swing trading. The precautionary thing would be --> Keep yourself very patient as you can wait for your +1% profit but in the process it could be the possibility that you may end up hitting sudden loss of -10% if market moves too quickly, and yes this can happen and no one gauruntee you that it wont! So in such sitauon you will be down to -10 and will need to have more than 12% profits to cover the loss plus to get the +1% for your daily deals. This way it could go wrong and you may need to put more efforts to make it right.

Swing trades : Is not possible with each and every coin around the crypto currencies but only with some or few. So better to choose perfect portfolio before you can get started.

If any program or method offers a certain percentage of gain like 1% or %15, it would be just marketing. There would not be such certain gain always. But 1% is easy indeed but not certain always.

I will keep it simple for you here. Anything is possible in the world of crypto if you know how to achieve it. In the trading world it means that if you are well experienced and have high knowledge about what you are doing then chances are there that you " might " be able to do it but the thing is that how much ever experienced you are, the luck might change any time since crypto is too volatile and heavily manipulated. So we cant be assured of getting 1% daily. Some times we might and the other times we may not get it.

With this very volatile market we can really presumed or expect that losing out money will be there but reaching out targets is really very plausible with this market.There are even times that we might able to get  even more percentage on a single day depending on which coin we are engage to.Chances are always there but this would only depend on how we gonna choose and how we gonna do such actions towards it.

1% per day is feasible and some would argue easy depending on what you actually mean by that 1%. For example, if trading bitcoin to alts and trying to grow your bitcoin holding it's perfectly reasonable. BUT that won't necessarily mean you profit in the short term because bitcoin price could be falling. If you believe in the market or just the coin you're trading for the long term then you should be able to do it. At least up until you become somewhat of a whale for that market.

1% is easy af, but in my opinion its not worth the risk with big amounts of money. I usually go for safer traders where the return is a bit higher (like 10%).

I am seriously confused what OP is asking here.
Day trading, swing trading, trading-bot?

As per my understanding swing trading refers to a style of trading where you buy at the start of an uptrend and then sell once a resistance is hit.
So you sell after only a fraction of the uptrend is finished.
Then you buy back once the price bounces on the next support and ride the way up till the next resistance, where you sell again and rebuy at support/pullback zone.

This style of trading is usually used when one does not want to sell out of said asset but also wants to increase their position or take profit while the uptrend continues.

I personally have used this style together with double up (you buy more of a coin that went down greatly to decrease your break-even) successfully in turning bad trades into profit again.
But be warned, this style is much more complex than just riding the whole uptrend and then selling once it is turning to a downtrend.

Making 1% every day? maybe on the long run, maybe because of luck but I dont really see anyone who is a real "pro" and actually can make this kind of money..

You can see that the market is currently experiencing a downturn and downturn, bitcoin and altcoin prices have fallen steadily over the past few days, so collecting 10% to 20% of daily profits. It is impossible to earn $ 20000 per month, but it is possible to earn 1% of your profits each day. You just have to know the knowledge, combined with accurate market information before deciding to invest.

Swing trading is good but don't think it's easier as it sounds. Besides pursuing 1+ gains daily is actually a risky style of trading. Why is because you can't beat the market everyday. Choose days to trade when you notice good signs of profit in the market. Never you over trade that's how you will lose all your funds. Least i forget swing trading requires a knowledge of technical analysis before you can be able to make a good move. if not then i will suggest you rather stick with your mining.

As far as i know swing trading lasts more than a day. Typically 2 to 3 days. I guess you are talking about short term that is day trading. 1% of gain is actually quite insane to be honest and hard to execute. You will have to take lager risks to land with such profits. Better of doing to long term investment and reduce your risks.

I agree that this amount of profit is actually very significant and impressive if OP actually can keep it up consistently. To be honest, it's true that there are many other ways to make money, but a constant amount of income will always be better than having to risk some for the chance of a huge gain or a potential huge drop. You should always consider the worst case when going into trading. This is of course, my own philosophy and you may have a different outlook on it.

Don't let other people impact how you feel about making 1% daily. To me, that's very impressive especially in a volatile ecosystem that you make your money in.

1% profit daily, I don’t know if that’s quite possible, cause there are times you might lose. Never mind anyone that tells you they make a straight 30% profit in a month without any loss, that’s not simple, cause there are some risks involved. Yes you can make 1% in a daily basis and you can also lose 1% daily.

I will advise you to continue mining ETH if you are earning a decent amount from it, than to risk your money in what you don’t really know about. If you still insist, then you should learn from those that are into it first.

Learnings should really be done first before engaging into something not just like on hurrying up yourself diving into something you didnt even know then you are just purely doing gambling.1% is achievable but depending on how much amount you would able to risk and as you said we would gain we would lose and thats always been part of trading.The thing here is that you do have the knowledge and skills on what you are doing.

%1 a day is very good. You could have 30% a month. And that is nice! Show the 30% profit to a stockmarket holder and they will be amazed. Crypto is a wonderful investment, granting you will trade right. Crypto trading is also a fast way to get your investment liquidated.

Before making an attempt to reach 1% a day. First study the coins you will invest from. You must also master the chart reading.

Of course if you able to mine, it's wise choice rather than trade.
Just earn and HOLD , that's crypto philosophy.

Maybe you can't earn 1% daily in short term but if you keep hold as long as possible, you can earn even more than 1% per day !

To make 1% daily is a great start if you have 5000 dollars, then you will make 50 dollars everyday and that is good monthly income. You will see that earning 15 is easier then to make double from your money, that is 1000 time harder. If you have 100 dollars then making 1 dollar everyday is almost nothing if you live in some advanced country, You need to know how much is average monthly income in your country, or with how much monthly income you will be satisfied and then to calculate how much your daily income needs to be and that is 1% of the amount you need to have for start. Everything less from that is not bad either but you will need time to get to the monthly profit you wish to have.

Agree with this statement,if you want the real profits then hold it on longer term.Trading is risky when compared to both but the returns from the long term investment is more then from we can earn through the trading with much effort.