yes you cannot take 0.4% profit, this is not good because it might be very little profit and certainly not profitable because it will need 0.01-0.2% to pay market taxes,
but it's different if you trade in cobinhood, because in that market there is no tax for sale and purchase transactions so the profits are maximum.
Topic: Daily trading 1% 0.5% 0.4% (Read 176 times)
All people think buy at low cost and sell at high price. That's good tactic. But smart people will get profit when they buy. Then they sell to get bigger profit. That's smart strategy. Try to predict the market then choose decisons correctly.
I think is better make target profit in monthly, like 30% amonth because is not possible in every single day we can earn 1% profit, to earn 1% aday is more easy in up trend but in down trend possibility we get loss. Also not possible in every single trade we are on profit, some trade can be loss. So we should be has target profit by minimum 7% pertrade and this open potition can be floating in more than 1 days.
yeah if you just chase target 1%, i think that make a sense, because so many people asking can i make 10% a day?
then i answer if you are really good in a trade, i mean very experience on the market you can make it, but if you just new dont expecting to much.
i think if you chase 1-3% it dont really hard, if you serious on trading.
then i answer if you are really good in a trade, i mean very experience on the market you can make it, but if you just new dont expecting to much.
i think if you chase 1-3% it dont really hard, if you serious on trading.
2% to 3% profits is good enough earnings per day. That's decent enough if you ask me. I use to day trade and target of that amount in profits instead of aiming for a higher profit because it happened to before that I thought the price will continue to climb so I didn't sell then sudenly the price dropped leaving me with an expensive coin. Took me over 2 weeks to break even and sell.
If i wanto to do Daily trading maybe 2-3 transactions in 1day Buy/Sell
Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
In day trading you are not concentrate in Single coin so you will get 3 to 4% profit is possible in every day. But if you focus Bitcoin you will never earn this much profit in every day. So most of the day traders are focus to altcoins, If you want to profit in your trading always buy and sell in altcoins and some times BTC also useful in day trading so all the cryptos are need for day trading. Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
From my point of view doing day trading merely for 1% is not worth at all. If I would have been doing day trading, I would probably look for 3% gain per trade, and not 1%, though I would have kept 1% as stop-loss per trade.
If i wanto to do Daily trading maybe 2-3 transactions in 1day Buy/Sell
Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
This can be done with the coins like TRX, XRP or IOSt who are having the ability to go up and down many times in a day or so. This is kind of margin as well as short term trading where you try to grab the % profits over few times and make it as bigger trader profits. I mean you should sell at X% and then must buy back by doing the compounding of your trade and then get even more % profit with the same coin. Yes, this is completely doable but it will surely need lot of attention from you, and choice of coins must be excellent. Not all of them will give you the same sort of trading platform.
If you want to start trading with 30k usd then you can select a target of 2% per 2-3 transaction. If coins fluctuation is very high you can take more profits but don't forget to use stop loss on short term trading.
Thats called as swing trading and I guess depending upon the market place which you select you can easily go for earning that kind of %. I mean 0.2, 0.5 or 1-2% of daily profits is easy to get if you are doing this trade on the local bitcoin. This is one of the greatest place to have your margin difference trading. Here, most of the seller choose their own price of selling as well as buying and thus you can checkout two sellers and try to grab your profits in between them. This can really really be profiting over the time if you find many trades with price differences.
with 30k of capital you can trade altcoin easily, the profit target is 1-2 transactions if the coin fluctuation is good you can achieve it. if every day you are lucky to be able to do a minimum of 3x transactions, the profits are very good. as much as possible you have to be a maker don't be a taker to avoid tax exchange
In this market trying to aim for such high margins on a daily basis is just not possible. You'll get burned by bots and manipulators trying to trade so frequently in a low volume market. Right now a buy and hold strategy would be preferred.
For a day trade my minimum is 2%(fees should be covered so it's more that 2%) try to make 5 trades that will be equivalent to 10% make it 10 then 20% 2% is an easy target on a volatile market like crypto.
you shouldn't be trading based on fixed percentages anyways. you should be trading based on the market itself and its movements. for instance if there is a rise you should speculate how much it can go up and then set the percentage based on that not have a fixed amount for every trade.
if you want to have some sort of restriction for yourself like to prevent getting greedy, then have some range where you sell at. for example between 4% to 10% and then choose one percentage in that range and sell there.
if you want to have some sort of restriction for yourself like to prevent getting greedy, then have some range where you sell at. for example between 4% to 10% and then choose one percentage in that range and sell there.
The fluctuacion of crypto is very high so minimum to take profit in every trade is should 5% and stop loss minimum 3%. The percentace to take profit should be according to trend and situation of market, when the market in sideaway and consolidation we can take profit minimum 5%, but in bull run we can take profit minimum 20%.
If i wanto to do Daily trading maybe 2-3 transactions in 1day Buy/Sell
Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
Example i wanto to buy 30k USD/BTC . and after sell this BTC in the same day for USD how much do you think is good for have good probability to close the trade .. 1% 0.5% 0.4% ... i think less 0..4% is not good because from this % need to calculate the Exchange TAX .
i know depending of the market situations ... but in line how much do you try to earn from BUY/Sell transactions if you try to do 2-3 transactions in 1day
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