Daytraders Questions... Calculating Trading Profit and Locking In Profits

[fromholland]

Well it should be worth more.  But you want to have money coming into your bank account, well you can't just hold.  Thus i mean for someone to cash out consistent profits.  So if thats the case, isn't usd more important? 

No, because you want to cash out as little as needed, the rest stays invested. Money in your bank account doesn't accumulate, so basically you're losing potential profit there.
Daytrading doesn't mean, invest us$ into something, hopefully make profit, and then take all us$ out again. It's building up a portfolio and let that grow by making swing trades on a day to day basis.

[1715012998]

1715012998

[jerry0]

I get what you mean as the rest stay invested.  However what if you want to continually take money/profits out then?  Because if someone is daytrading full time, they are suppose just make profit and not cash out or something?  Or cashout once every few months etc? 


Well im sure there are daytraders that make profit and want to take out money again over and over right?

[alexpayne]

Well it should be worth more.  But you want to have money coming into your bank account, well you can't just hold.  Thus i mean for someone to cash out consistent profits.  So if thats the case, isn't usd more important? 

Holding is just an action of pussy person want to earn some pennies from Bitcoin ( not including BTC years-holders). So calculating the suitable profit for day-trading is necessary to protect your profits.

[fromholland]

I get what you mean as the rest stay invested.  However what if you want to continually take money/profits out then?  Because if someone is daytrading full time, they are suppose just make profit and not cash out or something?  Or cashout once every few months etc? 


Well im sure there are daytraders that make profit and want to take out money again over and over right?

Now why would they want to cash out? Because they want their money to stop growing??

Only time when someone usually returns to fiat (us$) is when they think the market is overheated and expect a dump (or some investors choose to keep a certain percentage of their portfolio in fiat, just in case everything dumps suddenly, then they can buy the dip with that fiat).

[flower1024]

Today BTC is around $8k.

Think 10 years from now. Will BTC be worth more than that, or less?
So which one would you want to accumulate, BTC or $?

You are right BTC to altcoin trading is quite different. Here the profit depends on both coins. Let me tell one thing if you buy 1 BTC worth of altcoins today. Next month your altcoin price will increase $1, and the bitcoin price is increased $2k, or $3k is it worth for you? To do altcoin trading, USDT is best this is my opinion.

[jerry0]

The issue here is most altcoins are not traded against USDT. 


So how would you lock in profits like with lisk in my examples.

[jerry0]

Hey all someone mentioned using usdt would be a way to park your value.  Do most daytraders do this or not?

[Celebrity]

Hey all someone mentioned using usdt would be a way to park your value.  Do most daytraders do this or not?

If USDT doesn't have a serious problem, then it's okay to store your dollar in terms of USDT. But you can't know if USDT will be solid like this. Some rumors are now on the market about USDT that it's not backed with real USD.