/biz/ - Business & Finance

Started acquiring some coins recently for fun / something to do, not expecting miracles this early in the game in regards to profits ($100 in 2 days from a $1000 investment and with no prior experience isn't bad), but I am confused about a few things mainly in regards to building your balance and making decent money, as I'm going to get bored pretty quick making $15 a day.

1. Should I be hodling these coins instead of day trading? or should I just be daytrading with more money to make profits higher? E.G $1500 a trade instead of the $150 I'm putting in currently.

2. I understand stop loss, trailing take profit / trailing stop loss etc, but what confuses me the most is when to sell, I seem to set a profit market of around 10-20% for day trades but it doesn't hit that, and just goes to negative or down to 5%, how long should these trades actually take? A day, a few days? Should I just make my profit percent targets I want to hit lower to be safer?

That's about it, but any advice on building your bank without being super risky is appreciated.