Daytrading has no business with holding or investing in a particular coin. They'll have different aims and patterns in making profits in the market with different levels of risks which are involved. Trading a particular coin requires higher risks than when compared to holding which can generate profits after a longer period of time. Trading generate immediate profits likewise loses too.

Daytrading is the act of buying and selling of a particular asset in order to make profit. This type of trading involves entering into a market either buying or selling for couples of hours inorder to make a significant profit. Trades do not exceed a day interval.

Holding just like investing in a particular coin requires patience and time in order to make significant profit. This involves buying a coin be it Bitcoin or altcoin, and leaving it for long interval for it to appreciate before selling it back to the market to make a significant profit. The type of coin that is being hold determine the profit one will make from it. Some altcoins can give more than 1000% interest of initial capital.

In everything you do in life, there always has to be a plan to back it up. There is a saying that when you fails to plan, you are planning to fail. This is why one needs trading plan in order to guide them doing trading. Lemme show you how my trading plan looks like.


MY TRADING PLAN

I would earn 100% of my trading equity in a period of four weeks

I would make 25% of my initial capital in one week.

For any consecutive losses, i will half my chosen lotsize.

I would not trade more than 7 markets in a day.

If i have more than five loosing trades in a row, i would take a break
for 2 consecutive days to study my strategy and the market.

I would withdraw 50% of my account to invest in non forex business.

I would never risk more than 4 percents of my account in a single trade.

I would read more trading books whenever I'm done with my weekly target.

You need to grab this! Risk management is a way of ensuring that risk to reward ratio is balanced by trading with lower risks and higher rewards in percentage. You can decide to trade with risk to reward ratio of 1:5, which is a profitable way to trade.
Just like entering a trade with risk to reward ratio of 1:5, if your stoplose is worth $10 then takeprofit will be $50 because the reward ratio is higher than the risk taken. This is how risk management work, it helps one to trade wisely and avoid unnecessary risks that could affects one capital during trading.

See many platforms are out there for investment and when looking at them it seems like true but observe them very well, you will notice its a scam platform, i Know vividly that what interest you to join them is daily 5% of the interest and after three day you will retrieve your finance or withdraw your money, mate it's capital fraud, that's avenue scammers use to drag the attention of client, please be conscious of scammers.

That's their agents that is helping them to get clients, just try to isolate any of them, if possible you can block those of then that is chatting up and remove yourself from the group because if mistakenly place your hundred dollars $100 automatically you will Lost your money.

This post is very encouraging, more especially to newbies, when i come across of this I'm very excited because the arrangements of the post and link is very amazing because all the terms or terminologies of cryptocurrency is been listed and the beginner who are desperate to learn about cryptocurrency intonations, languages wil grab the stuff with easy way without much stress, op i really applaud you for your research towards the development of bitcointalk community user's because this is a problem solution.

First i congratulate you for been here and also your time to observe the system of the community, i may say that you have been in active since to the community that trigger you to start making research,this community is made of people of potentiality who are capable and able to render a solution to any issues that comes across you,any challenges of different kinds the solution most be provided here, provided is related to the community.

So observation is the major key to upliftment to this community, reading through the topics and comments of users is a factor tthat will enhance any newbies to comprehend the concept of the forum and cryptocurrencies related, so adequate or subsequent reading of the post will make new users or newbies not to be seeking for answers to little problem, try to make a research

No need for more comments or response because you have given op the solution of his question, the suggestion you rendered here is the short cut, except that he needs another method which i think no method that will be more preferable than what you portray here.

We have so many potential users in different dimensions but the problem is that you can only be aware or know those that is closer to you or those you are familiar with, so many people who are not merit source has been helping people's in all ramifications most especially new users, but at this point a user that the merit remain like five merits or ten merits to rank up to certain position have to detect by a merit source to uplift its position, Ratimov i acknowledge this thread because its a helpful topic despite that this kind of thread has created before by some reputable members here. Thanks

As newbies or novice i think what you have to do right now is to take precautions or take a look at the boards and observe how the community is been handled and most especially the methods of posting through the senior colleagues, and secondly try to observe the rules of the community properly so that you won't will be kicked out of the community through permanent or temporary ban, research and observations is the major function  can contribute immensely to the elevation of any user through positive think, positive ideas and positive adoption of errors when mistakes arises.

Really your right from your research analysis, observation and prediction, bitcoin is showing negatively to the eye of some people now because of it's depreciation in value, so the pictures are very clear to certain individuals, because proper adequate measure of handling bitcoin this period many people will lose their cryptocurrency because fear of decrement of bitcoin, because right now movement rate of bitcoin is unbearable and not really understandable.

People are busy holding their bitcoin and it's really affecting  the price of bitcoin and it's rightful time to purchase any form of cryptocurrency more especially bitcoin in particular, because it's good to purchase cryptocurrency when the price is down or low because it will definitely rise when the opportunity comes, so through the increment they will be surplus or maximum of profit from the investor, so in null share cryptocurrency are good to buy when the market is been turn to red via cryptocurrency chart.

Actually many people mindset since bitcoin is been dropped via values is that cryptocurrency is now becoming centralized currency, while the evidence is very clear that bitcoin is not under in control of any platform, it has its principle of regulations which government or any individual sector can not control or regulate its values, so paying attention or listening to Elon musk's tweet it will discourage so many people to disvalues bitcoin most especially the newly invested people into cryptocurrency.

It's obvious that deleting of comment or topic usually happen once, but after deleting message of any user it really reflect to the message inbox, and its obvious that message are not been deleted without any positive reason because i think moderators always take precautions or careful before deleting any post, emphasising via moving a post from one region to another such as from one board to another board, that shows that the topic is not meant to be in such board if it's moved by moderator.

Irrespective the challenges that's always face cryptocurrency through government and the one that comes from Elon musk, cryptocurrency is still decentralized currency, people selling their bitcoin due to a tweet of Elon does not indicate or grant us to say that bitcoin centralized, we are not even hundred (100%) sure that while people sell their crypto is because of elon tweet, so in this aspect we have to different decentralized and centralized via Bitcoin, no controls cryptocurrency which made it to decentralized while centralized is controlled by a sector. So in summary bitcoin is still decentralized currency.

Honestly we need to develop more advanced technology to forsee what life as to offer us. If we say we don't want more pollutions in our environment or we want to clean the Earth with is very much difficult, how will technology be developed?

Although necessary precautions has to be taken for these wastes that are been generated every year which is very dangerous to our environment. There is nothing the world can do to stop this pollution or safe planet Earth. We can only reduce the effect which is unlikely difficult. Industries must keep on production process to balance demand of customers. Now are we going to stop industries from operating to safe planet Earth with is very difficult.

Only the newbies are skeptical about this coming massive fall of Bitcoin that is going to affect the whole crypto market. If you try to look at the bigger picture of Bitcoin price, you'll see that the price is still going to fall below $30k before ranging to continue it movement.

Everyone must prepare to buy Bitcoin when it hit below 30k. The market is just all about risky ventures, cutting your coat according to your cloth, not overtrading without risk management. A lot of persons are still going to lose more funds if they're not prepared to day trade the market.

Definitely no one is arguing the fact that bitcoin price will not accelerate again, but the problem is that many people are emphasising negative concerning bitcoin price, without flashback of previous years via Bitcoin price, in 2019 and 2020, the price has not gotten to this length except in the year 2017 bitcoin price made a hugged move, so comparing the values to now, it seems that their is a lot of differences, so the price will return to initial values of 2021, let us skip prediction because predicting bitcoin price is just like assumptions, so it does not work from my perspective.

Mate, we don't need to calculate time or day for he, because i believe that this is joking prediction, and that's the major reason I don't like prediction, what of the prediction did not come to reality as he said, shall let us seat and watch the out.

When emphasising losing investment capital via Bitcoin, i think this have to come in two dimensions which suppose to break down or have clarified explanation.

(a) investment method, whereby a bitcoin is been purchased and hold for long period of time, and when bitcoin depreciates in price or market, it's obvious that the values of btc will drop, and that is not a criteria for you to lose all the btc, because you can only lose your bitcoin all when there is no longer existence of cryptocurrency.

(b) trading investment method, it's here I Know vividly that the possibility is there for someone to lose he or her invested capital, because trading is like advance form of gambling, the probability of making a profit is not guaranteed or sure for a trader, so in this scenario bitcoin used for investment can equally be lose without been redeem.

In summary it's possible to lose and it's possible to gain this year, it depends the area of concentration via investment.

You know cryptocurrency price always fall, and i just seen it as nature of cryptocurrencies, bitcoin price changes like what we can't hold or have at hand, early the year the price reach 60k people were happy, so since it has fall to this extent their is hope, and their is every tendency that it will raise, it's obvious that recovery of bitcoin price can come up unexpectedly, ok at from yesterday the price was 34k but the is price 32k, so the price is not fixed