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Topic: Can we do 15 - 30$+ per day by trading successfully in these market conditions? (Read 822 times)

hero member
Activity: 1302
Merit: 503
Making a profitable trade of $15 to $30 daily is quite achievable in the present market condition this can be done with a good trading strategy and a sound money management provided that the start up capital is >=$4000 profits can be made irrespective of the market situation or conditions.
- Theory and calculations always make us feel that making $15 to $30 a day in trading with this condition is possible but if we start to participate in reality, we will have other thoughts on this issue because everything in reality will not be like what we calculate, we can have enough skills, good management and possess a suitable amount of capital but fluctuations and unusual things from the market can always defeat us, even make us fall into great losses. This is something I often see in this market, so I rarely set goals every day, the goal only makes me easy to make mistakes and failures.
copper member
Activity: 168
Merit: 42
nothing is impossible
15-30$ is an achievable daily goal but it all depends on the balance you are working with. I am doing a challenge myself. I am aiming a daily goal of 1%. So if you want to make 15-30$ daily I would advice you at least have 3000$ to work with.
Are you consistently successful with your target of daily 1% profit making ? I just want to know what are the pairs you are trading and what exact strategies you are following. Because as far as I have heard, losses are inevitable in trading and making consistent profits will be a very big challenge for all level of traders regardless of their experience and knowledge.

When I was into day trading, I got stuck many times in between negative markets and unable to have enough profits. For a 30 days of time, I just made $200 of net profits which is coming down to less than $7 per day. My capital was around $1000. Probably you are right with your calculation of needed capital along with 1% profits per day.

You can follow my thread here https://bitcointalksearch.org/topic/365-day-100-trading-challenge-135-profits-in-only-35-days-5088423 I started with 100$ in the challenge and after 20 trading days my balance is grown to 175$.

And you act like 200$ net profits on 1000$ is 'only 200$' . I think this results are great and also almost 1% daily. People and mostly newbies have to much expectations of the crypto industry. Due to many investment scams a lot of people relate crypto with an easy money machine that brings 3-5 or even more % daily. But you are on the good way. Making 20% profits in 30 days is really great. Find something else that brings you 7$ daily on a 1000$ capital. On a saving account you even do not receive 7$ in a full year on 1000$. In Belgium for example you receive 0.25% YEARLY!!!
full member
Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
Well at this moment we can't say what will be the next market condition at this past days ethereum Get pump up and now it Goes down and Back to dumped again. But 15$-30$ is a huge earning for daily but it depends also in your funds raised.
legendary
Activity: 3052
Merit: 1273
So if one wants to achieve his target at least, can he do it?

Yes, of course.

Quote
How?

Get a White-collar job or work for money till crypto is in decline mode. Bounties can't really give you a living, man! So, stop depending on them and change your mindset! Was crypto there during the times when "Bill Gates" and "Warren Buffett" were creating their own history? Not saying anything against crypto, but then, if you want to make it everyday, you need to work for it everyday. Even your "buy low, sell high" strategy would work, but it depends on your entry and exit points, so following a few good people could help you out in that case.


Quote
What were your successfully trades like?
How to do it consistently...

I can't answer you first one as I don't prefer to, but about doing it consistently - nobody in this world can profit continuously and losses are good to teach you your mistakes. Another thing to remember: Buy when there's blood on the streets (but DYOR even before getting into a coin that's dropped down even 100 times, because chances are, it could gain at least 2-3x even 5x in few months 99%, and it could also drop further continuing the downside struggle due to non-use of that coin or any specific reasons and let's keep it 1% chance to happen, but still; sometimes 1% could blow your expectations as well).
legendary
Activity: 1904
Merit: 1000
This was achievable back in the bull run (buy low, sell high) and with the help of bounty campaigns here on the forum.
Right now, with either shorting or going long, it is kind of a gamble (either goes up, or goes down), so choose one direction and place your bet. At least it seemed so, without professional experience of technical analysis, or without big capital in order not to care about attachments...

So if one wants to achieve his target at least, can he do it?
How?
What were your successfully trades like?
How to do it consistently...

We may adjust our capital and targets in this bear market. $ 15 to $ 30 seems reasonable because there are fluctuations in the crypto market even though it's in a small range. But to do it consistently, I doubt we will be able to do so. True, at some point it will be more like gambling and it will depend on each person on how to manage their money. Tricks can be changed based on the results we meet.
member
Activity: 476
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
In spot trading minimum take profit is 5% with stop loss 4%, and percentace of take profit is always higher than stop loss.  To earn consistently profit, risk management become the most important thing,  so use stop loss every make trade is key of success fully in trading.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
Making a profitable trade of $15 to $30 daily is quite achievable in the present market condition this can be done with a good trading strategy and a sound money management provided that the start up capital is >=$4000 profits can be made irrespective of the market situation or conditions.
sr. member
Activity: 812
Merit: 257
get 15-30 $ is not a difficult matter if you have enough capital, but to be consistent every day is not an easy matter, Smart traders will secure capital and make use of profits for the next trade..  Wink
If one can get that amount on a daily basis, why not aim higher, I'm one can easily secure big capital for trading if he knows he is that consistent.

Make your journey shorter so you can enjoy your life by retiring early, that's possible in trading because when there is a big risk, it should give you good reward when you succeed. However, I doubt there's someone who can really perfect trading especially at the time when people panic but you cannot also short the market as sometimes it will suddenly pump, so that scenario alone will already make you vulnerable to losing.
I would rather take advantage of the opportunities available to get as much profit as possible from targeting profit, but I have a weakness that is too afraid of losses, when stuck in a bad market situation I don't use a stop loss, so it makes me lose more, that's why I have never been a successful trader..  Grin
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Absolutely depends how much you're trading every day and how much your starting amount in trading is. $15-30 isn't as difficult to make with a higher starting amount compared to trading with $50; this market's pretty volatile with all of the bart movements going on and large up and down price movements, and so trading's a bit more difficult right now IMO, but it's still possible to make 1-2% daily if you're trading with the correct precautions.
legendary
Activity: 1554
Merit: 1054
15-30$ is an achievable daily goal but it all depends on the balance you are working with. I am doing a challenge myself. I am aiming a daily goal of 1%. So if you want to make 15-30$ daily I would advice you at least have 3000$ to work with.
Are you consistently successful with your target of daily 1% profit making ? I just want to know what are the pairs you are trading and what exact strategies you are following. Because as far as I have heard, losses are inevitable in trading and making consistent profits will be a very big challenge for all level of traders regardless of their experience and knowledge.

When I was into day trading, I got stuck many times in between negative markets and unable to have enough profits. For a 30 days of time, I just made $200 of net profits which is coming down to less than $7 per day. My capital was around $1000. Probably you are right with your calculation of needed capital along with 1% profits per day.
copper member
Activity: 168
Merit: 42
nothing is impossible
15-30$ is an achievable daily goal but it all depends on the balance you are working with. I am doing a challenge myself. I am aiming a daily goal of 1%. So if you want to make 15-30$ daily I would advice you at least have 3000$ to work with.
legendary
Activity: 1442
Merit: 1025
The crypto market being down, and further going down, is only a problem for noobs because the only thing they do is buy in and wait for the price to shoot up, which it hasn't been doing for over a year. It's a bear market after all....

There are enough platforms available allowing you to short almost every top tier crypto currency, so the decline we went through and so many people complain about could have been extremely profitable if you shorted.

I would say that it's too risky to still be short on the market and that it is better to stay out, at least for now. It wouldn't surprise me if we tank below the $3000 mark, but in the same way it wouldn't surprise me if we bottomed out already.
Most probably we have passed the bear markets and now we are into sustaining phase where short term trading will be profitable for a skilled trader hence making $30 will be possible given that how quicker the trader will be on reading the charts and indicators to make decisions on entering and for profit booking.

In my experience we never should target for daily profits. This is kind of gambling because we are chasing some profits on daily basis. Instead of that we should work hard for accurate technical analyses then profits will come into our hand on its own way and  we never need to bother about how much profits that we are going to make on daily basis. It means you may book some profits for some days and no profits for some other days but overall you will be making more than $30 also in average at the end of month.
legendary
Activity: 1526
Merit: 1179
Actually, the possibility is even lower, because the whole crypto market is still down.
The crypto market being down, and further going down, is only a problem for noobs because the only thing they do is buy in and wait for the price to shoot up, which it hasn't been doing for over a year. It's a bear market after all....

There are enough platforms available allowing you to short almost every top tier crypto currency, so the decline we went through and so many people complain about could have been extremely profitable if you shorted.

I would say that it's too risky to still be short on the market and that it is better to stay out, at least for now. It wouldn't surprise me if we tank below the $3000 mark, but in the same way it wouldn't surprise me if we bottomed out already.
sr. member
Activity: 798
Merit: 250
Making 15 - 30$+ per day by trading nowadays is really very hard, if not impossible. Even in the normal market condition, it is not possible to make a daily guaranteed profit by trading, because there is always a risk of losing some trades.
Actually, the possibility is even lower, because the whole crypto market is still down.
full member
Activity: 484
Merit: 124
I think it can do more because cryptocurrency is volatile but remember when you can earn , you can also loss.
That's the trading law !

And cryptocurrency law far more cruel than ordinary stock trading !
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
get 15-30 $ is not a difficult matter if you have enough capital, but to be consistent every day is not an easy matter, Smart traders will secure capital and make use of profits for the next trade..  Wink
I think day trading is pretty stressful as the traders would need to keep a constant lookout on the trading market, I would rather choose to get a full time job in real life instead of sitting in front of my personal computer for long period of time to do day trading and hoping to earn the amount of $15 to $30 USD everyday. In my opinion, the income from day trading would not be sustainable in the long term.
Literally it will suck our life,so better earn from a day jo and start investing on the crypto currencies in long term which can give decent profits with the bull run begins.But if still someone want to day trade then they should have some other kind of passive investments to surive the bear market.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.

you can't talk in numbers like $30, $50,... you must talk in percentages because $50 can be a 0.1% profit on a large amount of investment or it can be a 200% profit on a small amount of investment. and obviously the former is easier than the later. and when you speak of risks, including the percentages makes it more meaningful because the first one despite earning a small percentage is taking a bigger risk because of the bigger investment.
staff
Activity: 3206
Merit: 575
Join the world-leading crypto sportsbook NOW!
get 15-30 $ is not a difficult matter if you have enough capital, but to be consistent every day is not an easy matter, Smart traders will secure capital and make use of profits for the next trade..  Wink
I think day trading is pretty stressful as the traders would need to keep a constant lookout on the trading market, I would rather choose to get a full time job in real life instead of sitting in front of my personal computer for long period of time to do day trading and hoping to earn the amount of $15 to $30 USD everyday. In my opinion, the income from day trading would not be sustainable in the long term.
legendary
Activity: 3094
Merit: 1127
The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.
Its not a discouragement but rather a warning which is indeed true.Losses is high depending on how you do trade basing with your skills and knowledge into it.We know the market is really very unpredictable.
Losses is inevitable but you can reduce it up as you go. Preparing yourself for losses is a must because if you dont prepare you would just discourage and frustrate yourself on how this market works.
Consistent profits is possible but only on the very slimmest chances for traders to reach out this scenario.
hero member
Activity: 994
Merit: 504
This was achievable back in the bull run (buy low, sell high) and with the help of bounty campaigns here on the forum.
Right now, with either shorting or going long, it is kind of a gamble (either goes up, or goes down), so choose one direction and place your bet. At least it seemed so, without professional experience of technical analysis, or without big capital in order not to care about attachments...

So if one wants to achieve his target at least, can he do it?
How?
What were your successfully trades like?
How to do it consistently...

That is just too easy to do and if you have a lot of capital you can do more than just that. It will also depend on the way you trade a market like this one.
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