Topic: Do you have any methods to do it? - page 6. (Read 1131 times)

We can't predict the current market even after the huge number of experience until you learn about the certain coin.It's essential to learn more about the coin,before investing your valuable money in it.When you inverse in good coin,it's possible to get more money as a profit.But holding for the longer period is essential to gain more profit from your investment.If you want to get more profit,it's essential to inverse more money.If you inverse of 1000 dollars,you had a possibilities of gaining 50 dollars from it.

Sooner or later you would really be able to to realize up those things because on the time that you do set your feet into the world of trading then you would really be finding yourself
that you should learn up the following or acquire out these things;

1. Knowledge
2. Basic fundamentals/
3. Experience
4. Awareness
5. Risk management
6. Emotion handling

On the time that you would be able to make out such thing or able to acquire these things then i could say that you do really have the chance on making yourself
that profitable at least but there's no such thing about fix income or gains on every trade that you do make but its not really that bad on setting up some amounts for you to be able to target
out or would really be able for you to be able to point out on trying out to reach which at least you do have that kind of target point on which you will really persevere.

I know some people too but the capital is just that huge on which earning up a few % of their bankroll or capital will really be not that an issue. Lets say that you will be having that $100k which earning up 1% or 0.1% on day to day basis wont not might be an issue on which you could potentially be able to gain up $100-$1000 if you wanted to but dont think that it would really be that a playsafe because
on the time that you would be able to put yourself or feet into the market then it will really be like a battleground.

Day trading as a word of tounge is just too good to hear but it's not that easy and it may take your peace. It will require lot of your time but earning that amount is really possible or even more than that. Methods will be different from individuals to individuals so you need to find yours as well.

Trading has risks and there's no assurance that you could generate an specific amount of profit everyday no matter how big or small your capital is. There's even a possibility that you could lose everything including your capital in just one wrong move. If you want to continiously make a decent profit then learn techniques and effective strategies that would apply for you but of course, you also need to be wise and careful. You can generate a good profit in trading but you also need to consider the risks.

If you utilize huge amount of money in trading then probably you will get the huge rewards like that of 100$ but also don't forget that with greater payback you will also face greater harm.

If you have more money and you want to make good use of it then you should grab bitcoin for longer time with the help of which you can escape loss and also you will take the benefit of halving which is nearer.

In spot trading you can achieve such a huge payback for only three or four times but it will also make it possible to loss more than this after few days so always try to move towards investment not trading.

I do know a few people who do it, but they do have somewhere around 6 digits to make that. I know a guy who has about 120k to 180k, I forgot which one it was and yes I am aware that the difference is huge and 50% more, but it was somewhere there, over 100k and under 200k.

And he made about 100-200 dollars a day from trading as well. Doesn't mean he made that every single day, some days he lost, and some days he won, but when you took the average of what he did, he made 100 to 200 dollars a day. Meaning if you make zero one day and 400 another day, the average of those two days is 200 dollars, think of it like that, because trading is mainly like that and doesn't give you a clear result most of the time.

I would say yes but this will also matter in your capital. The more you have money, the bigger your chances that you can make it. But don't be too confident about it because achieving it daily is not just because we have huge capital, our strategies are also a big factor in achieving it.
What I can suggest to you is to stop thinking about earning huge because this will badly influence you that can focus on what must have to do as you can be possibly desperate how to achieve your target which could ruin your goal.

I think it just leads you to over trade without adequate capital. The market doesn't always have daily reversals. What you should at least do:

• You should flexibly trade with more coins that have the potential to increase in the day by percentage calculation.
• You need to get an entry at the lowest price every day to at least reach your profit target faster.
• Every trade that results in losses, you have to inject more capital.

It is difficult to say for certain that it is possible to earn the amount of money you mentioned by trading every day. Because you may have profit or loss due to market volatility, you have to accept it and then do day trading. I don't think daily trading is very useful because in trading you can't say for sure that you will profit every day, maybe two days you trade well and two days you profit but next day you will see that the market is slightly different as you buy coins. At that point you have no choice but to wait because you will definitely not lose your money and sell your coins. Even if you get the amount of profit you mentioned daily, you will have to trade with a lot of money, and you will also have to do monthly profit and loss calculations. If you calculate profit and loss monthly, you will understand whether your daily trading is making profit or loss.

I started from spot trading before and I could say that it will be hard to earn $50-$100 a day on it since there's no leverage so you can't actually make a lot from it. regarding the profit the price of buy/sell in spot is different for example the price when you buy the coin is 1.18 when the price go up for 1.5 and you sell it its so little that you can't notice it. For me spot trading is more like for long term investment since your funds won't be liquidated. Day traders usually trade in futures there's a Stop loss and Take profit that you can set. its very risky because you can burn your funds if you don't know what's the cons of being a day trader. In short leverage use your funds as a collateral, you're basically borrowing from the trading platform that you're using.

Let me give you some background regarding futures trading, I'm just explaining this because you want to know how does day trading really works. Spot trading is not the same as Day Trading (Futures Trading)
Example of Futures Trading:
If you put some leverage for example 5x you're basically borrowing from the trading platform which I said earlier, so they're multiplying your position by 5. for every $1 of your own funds/capital you are borrowing additional $4 to trade with a total position size of $5.
If you buy long and the price go down(it goes short) your loss is 5 times bigger, if you traded with $1 position because you borrow $4 in x5 leverage.
But If you buy long and the price goes up instead you will gain 5 times bigger. Futures Trading is very risky as you know you're basically gambling and guessing how will the price behave will it go down or go up. Be careful trading if you don't want to face a lot of money. DYOR there's a lot of tutorial out there internet is free. You can learn a lot watching other traders do.

Good luck and hope you gain a lot of knowledge from this one.

Day trading is not the same as spot trading. Because you cannot utilize leverage in spot trading, a 1% increase in price will result in a 1% increase in profit. So, in order to make that much profit per day, your starting capital should be $10,000. However, there is no guarantee that the price will move in the desired direction. Before you begin trading, I recommend that you first learn how to trade because it is not as simple as you believe. You must have a good mindset, a trading plan, and risk management skills.

Yes, it would really be depending on the capital that you would be using and i agree on most points that there's no such thing about guarantee on getting that $50+ more profit in a single day because everything would

really vary on how good you would be making out some trading or efficient would it be because not all would really be having the same skills and knowledge towards trading on which it would really be just that normal that
it would really be different to each other. This is why answering up this question is never been that easy because its situational and something that cant really be known or would really be able to precisely predict on what would be the numbers.There are really just that people who are really that trying out to achieve something which its not really that been able to know on what are the exact numbers.

Profitability would really vary on how well you do trade because not all would really be that good on doing so. Some might be profitable and some might really be that losing up money.
This is why it would be situational.

Well in my honest opinion that would depend on the amount capital that you are going to use in a day trading activity. It is because in my experienced withe amount of 20$ as my capital start-up I only gained 1-.1.5$ it depends on the crypto you are using it.

now if you're gonna start with 100$ capital you could possibly earn daily around 5-10$ or more it depends on the timeframe your gonna do. Meaning, that amount needs a large amount of capital to achieve it.

I cannot give you the assurance to earn that certain amount within a day. First, the market is highly volatile, sometimes the price is up, sometimes it drops too low. So you can decide to keep day trading, but you can’t expect that it will always yield good profits. Even professional day traders lose at some point, which means day trading is not just all about how good you are as a trader, but it’s always like how often the market favor your trades. If you trade when the market is in a negative shape, probably your trades too will definitely be in bad shape, especially if luck is not on your side.

This could be.
However, it may require higher, more consistent, and more frequent efforts to monitor the market. So you can post positions more often and then take profits. Usually, if you use the spot market, the profit will be smaller, but it doesn't matter as long as you have high capital. This is enough to take profits several times on several coins, so don't just focus on one coin or token. Btw, if you want big enough profits like that every day, of course the capital used is also high enough to be able to realize it more quickly.

Majority of traders will really be having that kind of target on earning on everyday whether it would be lesser that with 50 or 100 bucks that you are targeting because everything would really be varying the trading capital

or amount position that you had set out. Yes, i could say that it is really that indeed possible but its not something that wont really be so simple that anyone could easily achieve. If you are really that having the plans on making some day trade then you should really be having that realistic approach on things on which trying out to learn on a gradual phase and not on the rush way because this is where mistakes do usually start to kick in
if you do have that kind of impression on which its not really that realistic at all. There's no method to fast pace up on learning trading because everything goes in line with the proper dealing and the experience
that you would be able to obtain along the way.

Never ever put up into your mind that you would really be able to handle out this market volatileness in a short time.Even lets say that you are profitable in holding but doesnt mean that you are really that good
or capable on making day trades. You will really be needed to start up from scratch.

Spot trading is one of the trades that is often used and utilized by many crypto trading circles. Spot trading is only aimed at and focuses on falling and rising prices. My current assessment is the spot trading method, maybe you can just choose Bitcoin, if you want to earn well, $ 100 or more in a matter of weeks, I think you can easily get it, if you have 1-2 Bitcoin capital.

For example:
The price of Bitcoin on August 9, Bitcoin is trading at the lowest price of $ 29,376.80 within 24 hours Bitcoin has risen to a level of $ 29,561.49, so here you will definitely get a profit of $ 184, that is if you have 1 BTC in funds.

OP, if you want to see the process: Data historis Bitcoin., you can see it, it will accompany your spot trading process by days and weeks.

I already have a portfolio of long-term investments plan. I usually do not touch those coins until they reach their targets. I just want to try something new and think about day trading methods to get some daily income. I do not mind following a weekly trading strategy to earn 100$ on a weekly basis. But i need to know about how to manage my risk of investment.

If the question is whether it is possible or not, then yes it is certainly possible.
How it works out in reality is another matter. Because now the market is not very stable and it is not so easy to trade and earn money.
Also, a lot depends on how much money you have and what abilities, knowledge, skills you have, it is also important what experience you have.
If you have good experience in investing to trade long distance, then it is not certain that day trading will bring you more money. Where someone has earned, there is always someone who has lost. If you are making good money now, then it may not be worth changing this strategy to a less reliable and more nervous one.

If you research then many people earn more than that in spot trading every day. You can easily make that much profit daily if you invest and risk big amount. If you have proper knowledge on the market and the coins, then definitely by choosing the right coin and price, you can make good amount of money. The trick that basically works here is that, buy when the price is down and sell when the price is up. Now when the price will go down or up, it will take lot of research and analysis.