forestx (OP)
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July 10, 2018, 02:21:04 PM |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
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MadGamer
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July 10, 2018, 02:50:59 PM |
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You won't go wrong with BTC and ETH. If you start investing in random coins for the sake of making small profit, you'll eventually lose money instead of winning. My suggestion is to keep accumulating both btc and eth and add Tezos. It's new, It's currently in Beta and the potentials are huge. Don't take my word for it though, go and read the whitepaper.
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BrewMaster
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There is trouble abrewing
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July 10, 2018, 03:01:08 PM |
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first of all it depends on how much BTC we are talking about here. if it is 10% of 1000 BTC then no it is not possible. but if it is a small amount then earning it is easier. Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
market cap doesn't matter at all. the only thing you should be looking at is the volume and if it is decent. it doesn't have to be a high volume, just high enough to show the market is not dead and high enough for you to be able to make profit from it. also you should be investing in coins that have a rise coming to them. conversely coins that are about to be pumped. and that is the hard part.
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There is a FOMO brewing...
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shone08
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July 10, 2018, 03:02:38 PM Last edit: September 24, 2018, 06:16:55 AM by shone08 |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
10% or higher in a week is possible all you need is to learn carefully the trading industry becuase in the end of the day you will benefit a good knowledge, Im doing a daytrading and I learn 5 to 10% a day but my capital is small and Im do trading carefully to avoid losing my capital I watched youtude for some tutorial how to do daytrading because a simple tutorial can gain you a knowledge dont forget to use indicator and watch the chart on altcoin you want to trade. Trade wisely to avoide losing your capital!!
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semobo
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July 10, 2018, 03:05:57 PM |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
If you want to increase your bitcoin by 10% in a week then you should go with the shitcoins because its growth is very rapid in short time but it is impossible to find which coin will bump in that week. So don't be too greedy or you may lose your funds in very short time.And also you need decent amount of investment to cover the fee as well.
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fudster
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July 10, 2018, 03:07:57 PM |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
Take Dent I think the token has the potential to go up and down every now and then. Its goes up to 200% the other day which is why its good to trade with it. The token is also useful which is for mobile data. But I'm not sure about that 10% gain a week. When there is a pump, its possible. If you want to trade on pumped coins go with hitbtc and yobit.
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bozo333
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July 10, 2018, 03:24:51 PM |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
If you want to earn 10% percent on every week you should always active in trading platform. Because every cryptocurrency will volatile in anytime so carefully monitor the market variation you will find the good earning platform but my suggestion is Today's market is really unpredictable so better carefully pick the right coin you will earn that much profit.
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yamcha89
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July 10, 2018, 03:28:56 PM |
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I'm a newbie. I have increased my BTC more than 10% a week. I invest in a single coin. That was in May. I bought GNT coin after a week I had 18% profit. But that was my only chance
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forestx (OP)
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July 10, 2018, 03:44:39 PM |
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Thanks for your replies I have day traded before and it was mixed my big mistake was rushing in to a trade and greed I am practicing at the moment an paper trading by reading indicators mainly boll and RSI Yesterday as part pf my test I picked BCD with was then pumped which obviously doesnt mean a lot Since posting my OP i went on binance and picked another coin which went up 1.5% before falling again
My plan going forward is do a mix between short term and day trading I am doing this with a low budget which obviously I want to increase basically I want to 100X my btc (maybe less depending on price of BTC) which I plan to do over the next year and a half everything going well
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Gaaara
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July 10, 2018, 04:10:19 PM |
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If you're talking about weekly and continues income 10% is impossible, trading with variety coins will mess your money up it will only slowly eat your money out of fees and dump. If I were you I would place all of my funds in both BTC and ETH since BTC's recovery starts and ETH's big change will boost their value up to the ceiling if you want to see a more than 10% you should consider placing your funds in both right now, you won't see the change weekly but after the ETH's update and BTC's full pump if you calculate your income its better than 10% weekly.
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abanansah
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July 10, 2018, 07:18:52 PM |
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10 percent of your trading capital or even more is possible to be made in a week and at the same time wiping out your account in a week is also possible. All depends on risk level of the trader that will determine how he trade to ensure reward even if trades end in losses.
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5ensei
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July 10, 2018, 07:34:16 PM |
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It's impossible to get 10% gain in btc if you only invest in bitcoin Also, if you only look at high market cap coins then your gains will rise in line with bitcoin which won't give you a huge margin. Try privacy coins like spectrecoin xspec which is undervalued and starting to develop nicely
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Slow death
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July 10, 2018, 08:54:17 PM |
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I want to set myself a goal of increasing my BTC by 10% a week (compounded) set a weekly profit target is a big mistake, because when you set a profit goal you will trade with emotions and that is the error. let's say that this week the price did not fall, the other week the price did not fall and in the other week the price also did not fall, you are already in despair because the price is not falling more than 10% for you to buy and have to sell when the price increase and have your profit of 10%. and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term dude, just buy bitcoin and hold for years, this is the best option
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Huawei8877
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July 10, 2018, 08:58:02 PM |
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Earning 10% every day is possible but it's very risky, as for me it's better to make a strategy in such a way that you will earn 2-5% per day and it's very good.
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palle11
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July 10, 2018, 09:16:53 PM |
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The percentage depends on how much the account is worth that is talking about trade. If you have lesser account, there is no point going for a 10% profit daily.
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FrueGreads
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July 10, 2018, 09:16:59 PM |
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I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward. I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day. What would you recommend and is it achievable long term
I must say that you shouldn't really focus on a daily profit or weekly profit, because those types of goals will keep you in a lot of pressure. I think you should analyze the market and trade when the conditions are favorable and take what the market offers you. Profit is always good, and keeping your losses small is even better. That's what your aim should be in my opinion. If your focus is in making good trades, then I think you will have good profit as well.
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Nonie
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July 10, 2018, 09:42:33 PM |
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if you have a lot of money I think it's better to buy a coin with a high price like bitcoin, eth, bch but if your money is under $500 I think it's better to buy altcoin. for daily or weekly trading I think you should understand candle analysis for that.
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itscomplicated
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July 10, 2018, 09:47:52 PM |
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Observing multiple market is great, I don't recommend entering to shitcoins but if that shitcoin has great market history then reevaluate.
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dev9t9ok
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July 10, 2018, 09:57:54 PM |
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10% in a week is impossible on a long run you will figure out it quite soon. As far as I know professional traders and investors consider that 10-30% in an year on a long run is a good result. Moreover to achieve 10% in a week you would rather use a leverage but using a leverage is an easy way to lose money.
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other_slides
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July 10, 2018, 10:05:58 PM |
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In the long term, your strategy is unlikely to work and setting yourself the goal of earning 10% of the daily profit, you put your money at great risk.
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