Can we do 15 - 30$+ per day by trading successfully in these market conditions? - page 3.

South Park

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I am terrible at Fantasy Football!!!

Quote from: GreatOrchid on December 25, 2018, 06:26:51 AM

That kind of people that joins crypto trading to make a fixed amount of money is the first one that leaves the market when they do not reach it.
It works by an easy way, and it's obvious that you need at least >$20,000 to make $30 a day without any risks.

Regardless of the size of your capital there are moments in which it is simply impossible to make any profits in the market, experimented traders know this, so when they see those moments they understand that the best thing that they can do is to go fishing, when the market is not moving much instead of staring at a screen trying to look for an opportunity to make money the best thing that you can do is to do something else and wait until the market conditions improve.

GreatOrchid

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Quote from: cryptotrader 101 on December 21, 2018, 11:23:02 PM

if you think you will be making money on the daily basis with crypto your making a big mistake. you are better off just buying bitcoin
and forget about it for 5 years and then cashing out or cashing out a portion of it

That kind of people that joins crypto trading to make a fixed amount of money is the first one that leaves the market when they do not reach it.
It works by an easy way, and it's obvious that you need at least >$20,000 to make $30 a day without any risks.

QuadsPoker

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nothing is impossible

Quote from: xcajun21 on December 21, 2018, 11:29:28 PM

Quote from: cryptotrader 101 on December 21, 2018, 11:23:02 PM

if you think you will be making money on the daily basis with crypto your making a big mistake. you are better off just buying bitcoin
and forget about it for 5 years and then cashing out or cashing out a portion of it

Oh, sorry. What i wanted to say: I have been around for some time, and i followed some TA charting by some experienced people. Right now i am not talking about taking a risk by buying more bitcoins. I am looking for successful trades, or mindsets that people used to achieve their financial goals related to crypto... As active income, or as a passive source of income.

Any stories?

I am doing a challenge at This moment that i update daily here in the forum. In my opinion if you have the right balance to start with iT must be easy to achieve to make 15-30$ daily by trading. I am doing the challenge only with 100$ to proove people that in a longer timeframe you can easily make a couple 1000s with only a very small start amount.
But the strategy i use can also be used for larger amounts.

Nowherman

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I think you can successfully trade crypto tokens with a stable profit of $ 15-30 if you trade on the news. To do this, you must carefully study the road maps and white papers of all altcoin and ICO projects in order to know the main key events, such as network launch, listing on exchanges, etc. In anticipation of such events, you should buy altcoins, since tokens usually grow at this time.

tenakha

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Quote from: xcajun21 on December 21, 2018, 11:16:42 PM

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...

Firstly it depends on your investment. So the more you invest the more you can win and also less risk. If you want to earn with crypto trading, it is hard to notify an idea of the future. Crypto trade is inextricable situation nowadays. Maybe you should be interested in other investment sectors.

South Park

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I am terrible at Fantasy Football!!!

Quote from: xcajun21 on December 21, 2018, 11:16:42 PM

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...

It is possible to do something like that but there are many factors that you need to consider before trying to go for it, probably the most important is what is your experience as a trader? Because if you really do not have experience as a trader and you do not know anything about technical analysis then your chances of getting any kind of consistent profits are very close to zero.

Indrawan77

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It's hard to achieve especially in the bear market, and nowadays the market is very unpredictable, to make a daily basis profit is very difficult, no matter how good is your analysis skill, crypto market can move wildly, it is not impossible to achieve but it will extremely difficult to make profit constantly in thr bear market

De Young

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I will be very short. Everything demands of the volume of your capital.

mirakal

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Leading Crypto Sports Betting & Casino Platform

Quote from: bitcoin31 on December 22, 2018, 06:22:00 PM

Depends to your capital if you want to earn 15 or 30 dollars everyday in trading even the market dumped. But for me in this condition best if you are going to choose longterm so that you can get more profit not daily but maybe in monthly or yearly.

Capital is not vital here, what's important is you make good trades on a daily basis in order to earn that amount, which I think hard to achieve.
I suggest to stay realistic as it's necessary in order to make good decision and generate profit.
30$ is just like you are working a having your salary, this is very hard in trading, focus on long term as there will be greater profit if you succeed.

bitcoin31

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Depends to your capital if you want to earn 15 or 30 dollars everyday in trading even the market dumped. But for me in this condition best if you are going to choose longterm so that you can get more profit not daily but maybe in monthly or yearly.

Rohtox

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$15 -$30 every day is a good profit but to get that I think you need $300- $500 to trade. it's difficult but you can get it if you use the support and resistance strategy correctly

Lynks

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Yes its possible to make that type of gain in a day. But always learn to remove greed so as to maximise the profit. Learn to wait for good entry point. Dont enter blind

macstrong12

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I would say yes because I have done that but not every day , some days I made more than 50$ some days came with loss , If you are a leverage trader you can make it happen in one day easily but for a simple trader it is harder .

emmybd

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In the current market situation, it is very difficult to make 15 - 30$ per day, even in good market situation it is a very difficult tasks. You can certainly make good profits if you go for long-term trading, just buy cheap when the market is down and hold for a year or two.

beerlover

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You can never make a guaranteed trading profit ever. There is not a single person on earth that had successfully managed to make money constantly over time. Even warren buffet whose job is to invest and make money with money had years that he failed and he is constantly on top 5 richest person alive.

It means there is no guaranteed way of making money this way, you can of course have great days and you can have bad days and you can hope that your averages are 15-30 dollars per day and that way you won't be making 15-30 everyday but your averages can come to that but its still quite risky. However there are places that give you bitcoin back like savings account for your money and if you put up 136 thousand dollars into freebitco.in website they give you %4 or so return yearly which is about 15 dollars a day.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: TheReverend on December 22, 2018, 01:29:59 AM

i think that depends on how much your capital, and how lucky you are.
trading not like you go to work and get pay everyday,sometime you lose,sometime win.
i know we make analyze before buy but analysis can't accurate 100% they some miss.

Exactly right mate,because this will depend kn your capitalization and your luck since no one really knows what will be the novement of each cryptocurrency,technical analysis wasnt enough to learn if this coin wil grow or not so if you are looking for 15$ aday of profit this will not be easy to tell.because i had stopped trading for almost a year now and instead i managed to wait and make it as long term investing

butka

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Quote from: xcajun21 on December 22, 2018, 07:31:35 AM

Yeah, 1 or 2 percent would be good because those who can afford to "bet" those percentages, already know (first of) this strategy,...

Every decent trader out there will suggest never to risk more than that. Only scammers or people who market their products and courses promise huge returns because they want to attract attention.

The reason why this percentage is so small is simple:

Even if your strategy gives you a 70% winning chance on every trade (which is a pretty good strategy BTW), the probability of having 5 or 6 losing streaks is still high. It won't happen that you have 7 wins out of every 10 trades you take. It may happen, for example, that you have 2 wins and then 6 loses and then more wins. Now if you use 10 percent of your account for each trade, those 6 consecutive loses will decimate your account.

So my guess is that those individuals who promise unrealistic returns, either don't know what they are talking, or want to attract attention for some material gain.

It may also happen that a newbie has a beginners luck, a streak of good trades, which can be even worse in some respect than a streak of bad luck. Because they won't really understand what has hit them when the luck has gone.

xcajun21

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Thanks for valuable answers. Nice insights...

Quote from: butka on December 22, 2018, 02:35:25 AM

Quote from: xcajun21 on December 21, 2018, 11:16:42 PM

This was achievable back in the bull run (buy low, sell high)

It doesn't matter whether it is a bull run or a bear run. There are platforms where you can short during bear runs. You can make money in any market. The hard part is to know what you are doing. 99 percent of traders don't know and end up being ripped off.

Quote from: xcajun21 on December 21, 2018, 11:16:42 PM

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.

It is always a kind of a gamble. The trick is to improve the odds in your favor by using some kind of system (based on technical analysis).

Quote from: xcajun21 on December 21, 2018, 11:16:42 PM

...without big capital in order not to care about attachments...
...
How to do it consistently...

That kind of return is impossible without big capital. Why? So that you can risk 1 to 2 percent of your account with each trade, not more than that. If you risk more than that, you will quickly ruin your account.
Moreover, you shouldn't measure your gains on a daily basis. That kind of consistent return is impossible on a daily basis.
Recalculate that on a yearly basis.

For some reason, it was clear to me that is a sort of gamble, but i thought some people got 100% of the hits (somehow), but this was only seeing their confidence, or management style. Yeah, 1 or 2 percent would be good because those who can afford to "bet" those percentages, already know (first of) this strategy, thus they are more vigilant, meaning they have some knowledge already, someone else would not have until hitting the bottom, or was lucky enough to listen to the right signals, and have less distractions. Also, some sort of cash flow is needed i think, in order to have spare capitol for balancing losses a bit, while also adding to the gains.
Personally i followed a bit of the chartguys, real crypto, krown, and some tone vays. Brandt is also big on crypto. Had lots of revenge trading, and lots of confusion of what the heck is going on (crypto).

Wind_FURY

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OP, day trading will NOT give you consistent profits. It would be better for you to look for a real job, and save a percentage of your salary to buy and hold Bitcoin, or a good altcoin.

Pursuer

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Where is my ring of blades...

being on a downtrend doesn't mean you can't make profit. being in an unpredictable market means you can no longer make profit. for example in case of bitcoin there was no way of predicting price fall below $6k that could last but as soon as it started and the manipulation became evident price crashed below the major support line and by then you could be sure that it continues more. and that could have been your chance of making profit before we enter the unpredictable stage again where you can't tell when the manipulation would be over to let the price shoot back up again.

Topic: Can we do 15 - 30$+ per day by trading successfully in these market conditions? - page 3. (Read 822 times)