Topic: How much could you earn in a day ? - page 2. (Read 851 times)

It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.

I also agree more with continuing to trade in the right way while learning deeply to find out new knowledge which is considered important in order to have a more realistic mind. Because there is no easy way to gain profits in any case other than continuing to carry out the process correctly and diligently, apart from that, beginners also have to be really prepared for conditions that are sometimes very uncertain with the targets they have set. But with no intention of stopping and continuing to do it, any beginner will also get profits according to what he is targeting.

Being in a hurry will ruin your trade. There are several things you should avoid when trading, one of which is not being too aggressive or rushing.
However, setting a daily trading strategy is quite realistic, but the profits cannot be targeted too high, usually people who use a day trading strategy will only take a small profit with a percentage that corresponds to the capital they have.

There are various trading strategies, and we can use any of them but of course they come with different levels of probability and risk.
I once tried trading with a daily profit target, it was quite risky and I decided not to apply that strategy again.

That's right, basically don't push too hard for something that is beyond your ability or maybe too difficult with your beginner's condition with the limitations you have in the world of trading. Therefore for the initial stage we must get to know ourselves, see whether this profession is suitable or not for us, and if you feel that you have a fit in this field then start by building the best plan according to you, adjust your daily target to your ability, do not overdo it by always applying greed because on the other hand this is a fairly risky activity, therefore by adjusting your target then you can also adjust in terms of risk. Trading is not as easy as turning the palm of the hand, there are indeed quite tantalizing profit opportunities but it is not uncommon for us to have difficulty in achieving them, therefore if we really feel unable then it is better not to force it, it is better to rest and continue tomorrow.

If you force it then obviously you will experience pressure and maybe stress, therefore we as traders must have good risk management and emotional management, because if you don't have all of that then it is very possible when you are in an emotional state because you can't reach your daily target you will do something out of plan and it will have a bad impact on your trading journey, instead of making a profit but what happens is reversed, and maybe even MC. That is what is feared and we must have preparation as one of the precautions so that it does not happen.

This is a good advise to focus on your own timeline and on your own target, honestly setting up your target everyday and hitting it is not easy, you're just putting too much pressure on yourself and if you didn't make it for sure you'll be more stressed. For beginners you have to be more realistic and don't ever think, keep on trading the right way and learn along the way, this is trading there should be no rush because you can have that good profit in the long run as long as you manage to be more of a responsible gambler.

Yes, every trading experience is very important, not only from your own experience but also from the experience of friends or other people, because the risk of trading is very large, so if we are able to take lessons from experience then we can minimize losses. Actually trading is not difficult but very, very difficult, it takes years of learning technical analysis, risk, good money management, controlling emotions and greed. These are the things that are needed to be able to generate profits. Without years of dedication like that, it is very difficult to make consistent profits.

So apart from experience, mentality is the key. That's the importance of backtesting the method so that we know better what the probability of the method is. How many losses, how many profits all refer to data. When the momentum comes, we no longer doubt because there is a data reference.

Every person who trades certainly will not always be able to get a profit from the trades they make because apart from luck, experience and being able to analyze the market well are also very necessary in making trades so that they don't make wrong decisions in making trades, to be able to get profits from the trades we make. Of course, it is very important that we have a lot of experience in the field of trading so that we can know when is the right time to buy and sell.
Yes, you are right, trading is not a mechanism to make ourselves rich in one hour, if we think so, of course we don't understand trading well, so it would be better for us to learn first how to trade well and if we really understand it. Then we try to trade to be able to get a profit from the trade we make.

Yes I agree with you that not every day favours your sometimes you will win and sometimes you will fail to win therefore make a contrast between your lucky days and unlucky days so if lucky days are more in number then you are in profit. A success of a person and percentage of daily win or loss depends on market situations and the coins which you buy or sell for the purpose of getting rewards.

Always wish to have at least minimum amount like 1 percent win because this little by little can make you profitable and if you wish for larger profit at once then it is possible that very soon you will leave trading as trading is not a mechanism that can make you rich in an hour. If consecutive losses begins then don't be too busy in trading because at that time trading will more likely to be hazardous for you.

That's absolutely true, but the futures market is scarier than what we call promising big profits. Beginners who just jump into the futures market because they've seen their friends sharing screenshots of massive percentage profits are starting a potential disaster. A beginner shouldn't dive into the futures market right away because it's riskier and more dangerous. Many assets get liquidated due to mistakes, and it can wipe out all the assets a trader has.

One should gain experience first in the spot trading market until they truly understand the market and technical analysis. Start with smaller leverage in futures trading to aim for a quick 1% profit. If the leverage is 2x, target a 2% profit. Gradually move to higher percentages while learning how the market works. Never jump straight into 20x leverage, which is very risky if you rely too much on luck in the futures market.

Its not always with trading skill only regarding how to earn trough cryptocurrency trading but also lucky factor is another way how to be consistent earn profit with crypto in daily day. Depend on how much money could earn in daily day trough trading actually regarding with how much capital use for trading, if want huge profitable earn in daily day you need to have much capital or fund for cryptocurrency trading except you can try with future trading.

For holding they can't earn profit in daily day but promising huge amount of profitable for several months later depend on how strong some holder keep waiting exactly their coins investment price have been on higher price. But in trading there are can't guarantee with daily day earned due many factors happening like price drop and not all altcoin have growing up every day.

Yes, when someone is able to learn and evaluate their experience, this should be valuable learning material. Where they should be able to take several things for strategy evaluation, analytical tactics, risk fund management, and so on... especially when trading with indicator analysis and also market fundamentals which in my opinion are actually very complicated. So good skills and sufficient experience are needed to be able to better understand marketing. But on the other hand, it's true that you like what you're talking about, don't just focus on getting continuous experience. because after all, we also want to get profits from our trading. So, the focus is not only on experience but also on how effective our trading is based on our experiences to optimize all opportunities to gain profits.

Mate, since you've clarified to yourself that you don't know where to start and that you actually need to know about trading, and so on, I believe it will be better for you and also helpful if you take your time for research so that you can have a broad understanding of market strategies, as trading involves a higher level of risk. It is critical to conduct study in order to gain a thorough understanding of the principles of blockchain, technology, and technical analysis.

Earnings through trading depend on a person's money as well as his trading skills. No one can do well in trading with only money. Markets rise and fall simultaneously so one has to learn to analyze very well to predict which coins will pump and which coins can be profited or only face losses. And that's why more focus should be given to holding than trading. trading should not be used as a source of daily income.  It can be a part-time medium in addition to business or employment. But it is a good decision only when one holds potential coins like Bitcoin, Ethereum for long term. It is also possible to earn daily through trading and many people do it.  But I don't recommend it. and i am also don’t do it

Having knowledge is the main thing in anything, including trading, because, with that knowledge, we can determine the trade and know when we can start trading. But most people don't want to learn more about trading, so they want a quick way to profit from it.
They are lucky to be able to start trading in crypto because in crypto trading, they can start with small capital as long as they are still in the learning stage. Until they can familiarize themselves with trading and understand trading analysis well, they can increase the amount of capital.

But if they still need to learn more, they can continue with small capital. That will prevent them from incurring major losses from trading. Once they understand how trading works better, they can increase their capital to start making profits, which often become larger as market conditions improve.

My opinion on this is that:

Don't pressure yourself, don't set a certain amount that you should earn in a day, I mean, be more realistic about what you could earn in a day, especially if when you're a newbie. Don't set too much expectations on yourself yet to avoid disappoinment because you don't need negative energy on your trading journey.

Be happy on whatever you could earn per day, stop comparing your earnings to someone's who's been in trading world for a long time already, that would only keep you in a box and you won't grow if you keep comparing yourself to other successful traders in a bad way.

Maybe if you have a big capital and you got a good skill, you can guarantee of earning at least $100 every single day, no matter what the market conditions are. There is a volatility or the market changes it's movements unpredictably, this is why it's better to have a strategy in any sides, so that we can still earn continuously and hit our target quota but that amount must only be smaller than our capital.

It's also best to use the same capital if we want to achieve almost the same result. I know it is hard to do sometimes because we might end up using our money in different things but we can always practice money management or budgeting.

Earning daily income by trading actually depends on a person's money. You will get profit according to the amount of money you can invest in the trade. Moreover, an experienced person will never face loss, and sometimes it is seen that many wise people face loss by trading. Basically if we want to make daily income by trading first of all it is important to have good knowledge about trading and then having funds is most important. Any trading you do is risky, so you have to take risk if you want to earn daily. And if you are able to earn 1% per day then it can be maximum for you. Because if you start trading with 1000 dollars, then if you earn 1% from here, you will definitely get a good amount of money in your fund. Also, you need to gain experience in trading, otherwise you will never be able to profit. Knowing all aspects of trading is most important.

  The more we ask, the more we gain knowledge about what we want to know, as long as the question makes sense, of course. There are others who think the question is pointless, and others just seem silly. Sorry for the term.

  So if anyone wants to make money trading here in crypto, we must have at least a basic idea of crypto and trading; we know something, and everything starts with the basics too, right? Then just continue studying here as long as you don't stop; instead, keep on learning with passion and determination too.

Yes, there's no consistent day when you trade and you'll earn in a day. Maybe for some very few traders that have been doing day trading all of their lives, that's what they do.
But when they lose, they just utterly stop and take a rest because that's the approach they have. They earn some for a few days and stop when the market seems to be unfavorable to them.
You don't actually to trade on a daily basis, as long as you make a profit, you can do such again and start another trade.

Experience in financial markets is definitely strengthened and gained by correctly analyzing unsuccessful transactions and making mistakes learned from the results of this analysis. This is a constant for many people both experienced and beginners. Of course, it will be easier for someone who has previous experience to understand these mistakes and obtain a new experience by analyzing them but basically experience is learned through mistakes. For this reason, it is very important to carry out risk and capital management well and to carry out transactions again after gaining experience.

It shouldn't be forgotten that experience is as important as knowledge in order to be successful in the financial markets and is a very important building block for achieving success. Additionally, gaining experience is also possible by analyzing the mistakes made by other people and asking these people questions. Of course, although this doesn't provide as much benefit as the person's own experience, it prevents potential mistakes and helps the person obtain information more easily.