which is easier 1-2% a day or 20-30% per month

[forestx]

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

[1714691755]

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[Upgrade00]

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.

[butka]

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.

[forestx]

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

[mk4]

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.

[3acaga]

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 ...

[gabmen]

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.

[Tytanowy Janusz]

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.

[leowonderful]

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.

[enhu]

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.

[supermine]

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.

[izanagi narukami]

It's depend on how good are you.

If you want to manage 1-2% per day, you need to work hard spend  spend more time for it.
Basically it's just same, let say if ordinary stock exchange, you're trade for 5 days (Monday ~ Friday ) and you win 1% each day , you're reaching 20% per month. I think every trader expecting this kind of profit.

Greater than 30% is more difficult to achieve so there will be less trader to achieve it either

[Xardasim]

It depends on what skill you have. So you should look at which trade style is closer to you. It is not easy to make 2% profit every day. So you are going to discover that you can not do it some days because of reasons that are not caused by you and accordingly if we think of it as average, it seems easier to provide monthly earnings.

[Question123]

For now it's hard to get profit with that percentage because the only possible is maybe 10% for this market per month. But once the market up again maybe your money become double and so on because the price somwday will up again.

[matteoricci]

math-wise, it might look easier to go per month.. but in reality, it will still be based on how the market is.. there will be days when prices will shoot up but lately, it has been slow.. still, always look out for positive trends.  it's not really the percentage i think.

[1Referee]

Those who focus on % gains per whatever time frame are usually the losers, especially if you have to ask others for advice. On top of that, the far majority of the people don't even have a clue about how to properly trade or invest in a market ruled by panic. It's safe to say that if you end up trading or investing right now with the intention of booking short term gains, it's purely gambling.

Buy Bitcoin, hold it for a couple of years, and you will be rewarded for your patience with a solid return, and that without having to expose yourself to the short term market people should be ignoring instead of participating in.

[AAlex48]

This is a very high percentage.Better than 40-50% per year than trying 1-2% per day and losing more in the pursuit of profit.

[nicster551]

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

Of course it is more appropriate to get 20-30% a month rather than going for 1-2% day because it will not be that time consuming and will be less hard to do.

[shield132]

I have no idea how you divided trading stratrgy into this two way because that's very unpredictable you'll achieve any of that.
1-2% day? Yeah everyday we have that change but imagine you started it when price was 6K? Well you made 1-2% daily at best but then after one week price started to fall, you are in lose, now daily trading doesn't work and you have to hold or do other thing.
20-30% month? How? If price didn't change the way you want then? Imagine it's pretty stable between 6K and 7K. You can't plan profit strategy in bitcoin because of it's very changeable and unpredictable price.

[deandree]

Some quick maths for you (starting with 1000$, 1% per day + reinvesting profits = exponential):

In 1 year you’ll get 1.01³⁶⁵ = 37x (3700%) = 37K. Well done, getting some nice profit for your hard work.
In 2 years you’ll get 1.01²*³⁶⁵ = 1427x = 1.4M. That Lambo is finally yours. I hope you went with yellow.
In 3 years you’ll get 1.01³*³⁶⁵= 53939x = 53M. You own boats and planes now. Ballin’ 24/7.
In 5 years you’ll get 1.01⁵*³⁶⁵= 77002912x = 77B. You own a country now.
In 10 years … The Universe is yours, congratulations.