Topic: How much could you earn in a day ? (Read 851 times)

It seems easy to read, $1k can earn $20-$40 in every trade made every day using scalping methods.

But you forget about the risks of day trading using scalping methods, it will also give quick losses and if the market trend changes without you knowing it then you will be stuck at your purchase price when the price drops drastically.

Not only about scalping, but also about risk management, money management and trading psychology.
It should be done simultaneously to raise awareness that scalping is not as easy as imagined.

Personally, I have been stuck at a fairly high price when day trading using the scalping method,
the market trend suddenly changed, and the initial plan failed until in the end I had to hold it long enough.

There are times when you can make a profit of 1% or more in trading, but it is difficult for beginners to maintain this opportunity, perhaps even experienced people are not able to maintain a profit opportunity consistently at 1%. So if asked whether it is possible to earn 1% on trading then the answer could be possible and does not depend on how one understands how to trade.


It's simple you sell people buy and vice versa whether in the nature of futures trading, leverage or any other type of trading that you may be familiar with. Simply put the buying and selling process is a normal activity in trading because this is what affects coins, but perhaps for coins that do not have potential the buying and selling activity is unbalanced because people see no opportunity to make a profit.

Bitcoin is the key to success. Your experience in this matter was successful and you solved the small and big problems of life with the money you earned from Bitcoin. This is welcome. This is actually based on the fact that most people have had a very good experience with Bitcoin. And he made a good fortune.
As far as I am concerned . My altcoin is a descendant of Bitcoin. In this coin I worked more and my business was also good. And the money earned from this coin solved many problems of my livelihood and I am satisfied with my work.

Experience is really needed and when it comes to learning then those mistakes would be your teacher on making yourself way more better. Earnings isnt really something numbers that could really be fixed because it would always be determined on how well you do make trades and on how well you are making such trading decisions on which we know that this is something that wouldnt be taken from you.
If you turned out to be that so good when doing tradings then earning potential would be high. It does really vary because not all would be sharing up on the same level of experience or simply about knowledge about it.
Thing here is that we shouldnt really be treating up trading as some sort of gambling because if we do then this is where things turns out to be bad. Trading does really need up that kind of strategic approach
rather than on giving out a pure guess.

You should really be learning it on a slow pace manner and your priority is on how to sustain and survive. Dont make yourself in a hurry because this is really that
prone to mistakes. If you cant be able to sustain or able to handle risks then this market isnt for you.

If we have a budget for trading is 1k dollars so we can make profit in trading as 20 to 40 dollars easily because we can buy some coins in parts the best in trading is scalping but for scalping we need to choose the best fundamentals coins specially need to focus on his previous price charts in 4 hours that is why scalping is good because only for day trading

Yes, you are right there, because it is said in a quote that the best teacher for us to improve and learn a lot, and rightly so, is experience. Because whether it's right or wrong, whether it's good or not, the experience we face sharpens us to be sharp, so that when we face a tough test, our dullness will also be tested this.

Because the more we practice trading, the day will come when it will be for us to make a profit here. At least we know that it won't be difficult for us to make a profit here. Because right now, there is no fixed income that we can actually get here.

Traders prefer futures trading to generate daily profits because they can earn more from the leverage they use when opening trading positions. that's what they think instead of trading spot.
The risk of increasing leverage in futures trading will also increase the risk of trading. If it doesn't match the predicted movement, everything will be gone in a short time.
I am not prohibiting or saying that futures trading is detrimental. Those who understand future trading can make a profit. although not always, they still try for daily profits.

Exactly since not everyday we can gain the same result that's why its difficult to say the exact figure since we are not sure on what percentage or amount will come to our trading wallets. Also we are not sure if we can really earn since in trading not everyday we are happy with the result since there are instances that we lost on our trade due to some down movement of the market so with this any figures that we think enough for us to quit and try our luck on next trade is really fine.

The one important thing we need to think is how we can avoid to lose or minimize our losses since if we focus to learn such thing for sure we became more good trader which can possible earn something on each trades we made. Thinking always for profit is not actually a bad think but we should consider some unwanted situations so that profit taking will be realistic to us.

Stay away from futures trading, you should aim for that 1% gain from spot trading, it's easier and less risky, compare to stupid leverage that could ruin you fast, I learned a lot when I started trading futures, I even decided to copy some traders online and I still lose my money either ways.

One percent gain per trade is very easy in spot trading, go for the popular assets like BNB or ETH using spot trading, buy low and sell high, and sometimes you will make more than one percent in a single trade, trading is more satisfying for new traders if their target is very low.

This will expose you to more knowledge as time goes on about trading and you can slowly start trying more risky side of trading like leverage and futures.

1% might not sound to be that much but this is something that would really be that so hard for you to be able to make yourself do sustain or maintain such % on which there's no way that you could really be
able to make that on everyday but if you are that someone who could be able to make balance in between profit and losses and able to survive and sustain then i could say that you are really that to be considered
to be a good trader on which not all would really be able to achieve or attain such skill on which it would really be just that not that not everyone do really survive or could really be able to obtain such skills.
It would really be taking up some time for you to be able to make yourself that goes or reach out this kind of point or situation.

Earning could really be determined on how well you are doing trading and other investment steps here on this space.If you do find your capital to be completely that gradually growing then it do simply
shows that you are really that doing well. Just a reminder that you shouldnt really make things in a hurry because this would really be that resulting into such mistake and this is something that should be put up
in mind that everything should be dealt up on a gradual basis and not really just in one go. If you do force up yourself then you are really that bound into committing tons of mistakes.

I would even to to some extent to say that anyone that saying they have fixed trading from cryptocurrency trading and consistently gettingt that profit everyday is a bit delusional, i've experienced being a trader for quite long time and its all about watching the current circumstance of the market, if the market is already so bullish that making entry is risky, i would avoid it altogether just wait until correction therefore skipping few days already even weeks, that alone already make consistent daily profit impossible.
I don't know about how other people that claims having consistent daily profit could even score profit consistently when the market is so abstract, maybe they have good future premonition but honestly i think its just a lie
for the purpose of overly inflating their own self worth, after all consistent daily profit, just simply impossible in my book, even for the smartest trader out there.

Even more than 1% could be possible as long as you know how to win your trades, and you are smart enough to deal with the market volatility. But if you are just in the process of knowing how to trade, then do not expect even a single profit because majority of the beginners often lose than gain good profits. Trading is not easy and you might be more exposed to a lot of losses at first before you can make significant gains. That's the reason why only few have chose to continue trading, because they can't bear seeing themselves in frequent losses.

However, if you already have sufficient experience in trading, then its more expected that you will be more capable to make decent profits than make consistent losses. Trading is dealt through knowledge, skills, and working strategies and the only thing you can achieve that is through frequent trading experience.

I think every trader should keep track of profit and loss in trading and almost all traders keep track of this.The main reason for this is that if you don't keep track of your profits, or estimate your losses, how will you know your trading success rate?A decrease or increase in the amount of capital held by him tells him whether he is making a loss or making a profit.

So I think every trader should look at his profits after a certain period of time, and he should monitor the trades taken, because our goal is to make a profit. You’re right about trading where we make profits and losses, but that doesn’t mean we shouldn’t count our profits and losses. In any business, profit and loss is always calculated after each business is bought and sold.

It is difficult for a trader to say exactly how much his daily income is. Most of the traders may not calculate how much their daily income is, but if a certain trader is asked, then if that trader tries to calculate his daily income, it may still be wrong. Because every day is not the same income, every day will not only profit but will lose money by trading. Instead of focusing on how much money we made trading each day, we should focus on how much we can earn each day. We have to think about trading in such a way that losses can be avoided while trading. One day loss and one day profit if we trade like this but we will never understand the profit of trading. Even if the income is relatively low, the amount of income must be continued only then we can reach an accurate figure at the end of the month.

i'm here just giving a little opinion about leverage trading that i know, if we talk about profit then trading using leverage can give you quick profits, even more than 1%, it's just that the risk of you losing your money quickly is also big, so i'm here gives a percentage of profit and loss in leverage trading that is 50:50.  You have to be careful and careful when entering the market, don't forget to always use risk management, well risk management is a very important thing that all traders, both beginners and seniors must have.

This is a wrong understanding, if you go to a big exchange like Binance, they have liquidity in their assets and apart from liquidity, exchange have lots of traders who trade there then when you put $1000 (buy or sell) then the liquidity and also the money combination of the trader others will be processed to fulfill your request, even if you trade on DEX.

I don't think there is one peculiar stress in training on how to trade, it's going to be an added advantage, and since it's practical, it's a workover to traders who are pleased to do it. I can't say I can point to a burdensome time in my trading career when it comes to training, it was a regular daily lifestyle at that time and nothing could be easier than it. The joy that one would make more money alone is enough to lessen the burden but one must be sure that they are learning and training in what is important. The issue is that the problem of many traders is not what they are training for and this is highly unfortunate as no matter how much they train if it's not the source of their error, it would still amount to a futile effort.

Based on what I've noticed also, the problem being faced by most traders is how to manage their money and risks and have a stable psychology as they are patient with whatever they resolve to do. By this, I believe every trader would be able to minimize losses and still tangibly earn something reasonable consistently.

Truly as a trader you can't have a fix amount of profit daily this is based on the fact that each traded pair might have different exit, a trade can be close early before reaching it target possibly if a reversal is detected or trade not moving as planned all these factors would make it difficult to have a fix rate daily profit, market has no respect for anybody and there are days a trader would breakeven i.e loses equal profits earned that day therefore having a mindset set of earning a fix profits daily is quite difficult, it might be implemented in forex trading but difficult in crypto trading, I knew this is common with new traders thinking that such idea is very realistic until they started live trading before they realize how difficult implementing the idea.

It makes sense that at the beginning of your journey your results are not as good as you would expect, however at such stages any profits you may be getting are good enough since the majority of the traders face losses instead.

And once you improve further your trading strategy, your understanding of the markets improves and the money you can dedicate to trading increases, then your results should improve dramatically, unfortunately this also means you will have to work two jobs, but the additional income is without a doubt worth it.

I also tend to calculate my profit per month, it’s more convenient. There is some kind of habit in this, like paying a salary every month, perhaps that’s why it’s more convenient.

But if I try to separate the earnings from trading and from my main job, then what I manage to earn from trading is significantly lower than the income I receive from my main job. Therefore, I devote significantly less time to trading than to work, but it is worth saying that I started trying to trade relatively recently, so perhaps this is why my results are not as good as I would like.

The amount of profits one can earn depends on the capital, and earning depends on the knowledge and experience of the trader and whether they can manage to make successful trades or not. But, unfortunately not an each and every day is a same day which means you may book 50% profits today and may book 40% loss tomorrow. So, calculating profits for a day is absolutely not meaningless in my opinion.

That's not true. Even experts in the market and technical and fundamental analysis tend to incur losses sometimes, the main thing is to recover those losses which is possible if you can make a few successful trades after a losing trade.

Yep, both of these are the basic requirements. Have your capital ready first, and then gain the necessary knowledge about how you can use that capital effectively.

No risk, no reward, as they say.