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Topic: How much could you earn in a day ? - page 6. (Read 851 times)

hero member
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October 26, 2023, 09:53:43 AM
#26
I'm glad that you're thinking of 1% for short trades because that's really possible. Unlike the others that are asking unlikely percentage because of their greediness, it's just impossible for a short period of time.

Even if that's only 1%, the road for you to get on that point will still be rough. That's the life of a trader that every win you make is not easy but it's all worth it.
newbie
Activity: 5
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October 26, 2023, 09:49:37 AM
#25
(....)
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
(....)
It is possible but just expect there are some days that are not good, so be careful, expect the unexpected. 1% profit in a day or hours is already good because if you sum it up and make it consistent you can be a profitable trade by just that.
So just focus and be consistent, proper risk management because expect that you will have some losses on some days.


Thank you sir. I will keep what you said in mind
hero member
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October 26, 2023, 09:48:46 AM
#24
Well quite depends on the capital, if you have around 1k$ just for trading possible you can make a trade at at least 20 percent of it or just 10 for sure safe trade, and it depends on your position if you are going to isolated trade, just the capital you've put, or make a Cross trading which is just the percentage you want to trade and make hold with the remaining balance for your position. I make a trade for just 20 dollars as sure profit with my asset, and make a good trading plan until i reach up with the profit i want. Im not good in sell position most of my trades are in an uptrend.
hero member
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October 26, 2023, 09:31:42 AM
#23
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
Of course, you can make way more than 1% of your capital in a few hours or a day, but you should know that the higher your money the higher your gain, and the higher your risk/leverage used, the higher the possibility you may lose or gain more. It's no news, I've made over 300% of my capital in FX trading in a day. This though depends on the market condition, and I believe such could be replicated in crypto as well.

In Bitcoin trading, using 10x leverage means you are risking somewhat moderately, and if the market is moderately volatile, you might find it easy to make your 1%. However, you have to be a good trader to earn in trading, you need a good trading strategy, management and plan. It's not as easy as you might think.

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2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?
Let me simplify this for you, in the market, take Bitcoin, for example, the market always looks like this, BTC/USD. The first which is BTC is the base, while the USD is the counter. What you do to BTC, you are actually doing the opposite to the USD. So, if you buy BTC, you are automatically selling the USD. While the liquidity pool is where you buy it from and sell it to.

You don't have to worry about that though, most markets are well-liquid. You don't have to worry about who to buy from you or who you would sell to, it's already present. The trading platform has made it easy, and the buyers and sellers are readily always available for you.
hero member
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October 26, 2023, 08:15:50 AM
#22
It's nice been a long time that since I've been called a noob.

The whole point of asking questions is to learn and ask anyone who has success they needed to start somewhere and failures are just stepping stones to move forward.

I do thank you for your advise.
Failures and losses had come first before we learn how really trading life is. Yes, I thought before when I began trading I could earn instantly but sadly, the opposite thing happened. I began to wonder and keep searching online and watching YouTube looking for ideas that could help improve my trading journey.
Losses and failures seem to be a reason why we should have to learn more and not just be confident about learning the basics but instead, try to work more. Our experience will be teaching us what are the things needed for us to improve and what are the things that we need to stop.
sr. member
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October 26, 2023, 08:10:06 AM
#21
Heck, platforms with 1000x leverage exists. While I obviously don't recommend it due to the risk, potential profit could be anything. You can even make 100% in a few hours if you actually do it correctly lol. The question is, will you actually be able to do it correctly? 90%+ of people won't be able to.
Unfortunately, this is indeed the case. The absolute majority of traders will lose (immensely) money and valuable BTC on such platforms. Only a very small part will also be successful.

For me, trading with such leverage is no longer trading but pure gambling. You could also put the money in the casino, there is at least usually a good buffet. For newcomers to the market, possible profits with x1000 leverage sound of course very tempting, but unfortunately most overlook the fact that you can be bankrupt very quickly - or refuse to believe it.

Of the many traders I think there must be some who will try to make a bigger profit by taking a very large risk, but with all the chances of loss there are basically very few of them ending up with success, it is very difficult and even almost impossible to do that with the very significant pressure of the risk.

Well yes I quite agree with your assumption, it is nothing more and can be said to be the same as gambling where you will really be able to end up according to expectations when pure luck is on your side. Of course, especially for those beginners who have just come, the profit with a leverage level of x1000 is very large and it is really tempting, it is difficult to refuse such a large profit but consideration is needed here, do not let you or them end up with painful regret by allocating all your money to x1000 leverage. The risk is not only bankrupt quickly but maybe mental and psychological effects I think are very likely to occur in such conditions. So the bottom line in my opinion is that it is better for you to trade according to your ability, I understand that high leverage will be able to increase your profits but that will happen if luck is really on your side, and it is best that you walk with the ability and level of risk that you can be responsible for.
legendary
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October 26, 2023, 07:46:34 AM
#20
Heck, platforms with 1000x leverage exists. While I obviously don't recommend it due to the risk, potential profit could be anything. You can even make 100% in a few hours if you actually do it correctly lol. The question is, will you actually be able to do it correctly? 90%+ of people won't be able to.
Unfortunately, this is indeed the case. The absolute majority of traders will lose (immensely) money and valuable BTC on such platforms. Only a very small part will also be successful.

For me, trading with such leverage is no longer trading but pure gambling. You could also put the money in the casino, there is at least usually a good buffet. For newcomers to the market, possible profits with x1000 leverage sound of course very tempting, but unfortunately most overlook the fact that you can be bankrupt very quickly - or refuse to believe it.
sr. member
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October 26, 2023, 06:39:59 AM
#19
It is advisable that newbies should learn the fundamental analysis and technical analysis in trading and you should trade when you don't understand the market.

Not only newbies, but even the senior colleagues of the forum shouldn't jump into trading without knowledge of trading. In light of the fact that not all of us here have the knowledge of trading, people who lack fundamental knowledge will be at higher risk than those who have the knowledge, even though risk is natural in trading. However, once you know that you don’t have knowledge of trading, the best is to hold bitcoin for a long time so that we can yield profit there. Because when we say trading and there is no knowledge, we will keep losing money repeatedly, which is wrong in business.

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Holding bitcoin for a long term is easier and will be more profitable than trading. You should only use the amount that you can afford to lose, when you want to have trading experience. A trader can't also make profit everyday.

Actually, we can’t say it will be more profitable than trading, as we all know how trading works. At the same time, you are right because when we invest and hodl for a long time, we won’t lose, whereas in trading, as long as we continue trading, we must lose till we get profit, which is not the same as investment. In some cases, there is something I want you to understand. Here, traders sometimes make millions of dollars based on how the market favours them at the time. The fact that you have already indicated it means that traders often make a profit every day, which is impossible in investment.
hero member
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October 26, 2023, 06:39:09 AM
#18

It is possible but just expect there are some days that are not good, so be careful, expect the unexpected. 1% profit in a day or hours is already good because if you sum it up and make it consistent you can be a profitable trade by just that.
So just focus and be consistent, proper risk management because expect that you will have some losses on some days.

It seems to me that the main focus should always be on maintaining the funds in your trading deposit, and how much profit will be made per day or per hour will depend on the trading strategy.

If, for example, I want to try to get 1% profit, then my focus will be on the fact that I will often take profits at this level and may miss out on more significant profits. But here you need to test and see what is better, because an increase of 1% happens much more often than an increase of 10% or more.
legendary
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October 26, 2023, 05:47:18 AM
#17

1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.

In trading, there is a white day and a black day, meaning that you will make a profit on one day and a loss on the other day. The possibility of achieving 1% of profit per day may not be possible in the first days. You will achieve profits of 1% or more, and tomorrow you will achieve losses, and so on, and therefore you must try to make the average 1%.


2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?
Since you are a beginner, I do not advise you to use leverage, as spot trading futures contracts can earn you a profit of 1%. Try to maintain this percentage and learn more about trading.
full member
Activity: 448
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October 26, 2023, 05:26:13 AM
#16
But, on one futures dex I traded on, coin I bought had no liquidity yet the order was success. I don't get it.

DEXs do have order books and support limit orders, but sometimes, especially on less popular coins, there might be very few people trading.
Even with low liquidity, your orders can still be executed, b but the price may differ from your expectations. It's just how these decentralized exchanges work.
sr. member
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October 26, 2023, 05:14:55 AM
#15
It is difficult to give specific information about how much money can be earned by trading every day because trading will not give you profit every day. And not every day a successful trading can be completed. In the case of trading, one day you can make a profit as expected, but on another day the market condition changes differently, as a result of which you face a loss of money instead of making a profit. At that time, it is not possible to sell with a loss of money. If I earn 10 to 20 dollars by trading one day and if I do not earn any money by trading in the next three to four days, but it can be seen that the amount of profit from trading as an average is very less.
sr. member
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October 26, 2023, 05:11:38 AM
#14
Nothing is impossible when it comes to trading mate but what really matters is, are you a professional trader? You must know the trading strategy to use so that you can make such gain. It is advisable that newbies should learn the fundamental analysis and technical analysis in trading and you should trade when you don't understand the market. Holding bitcoin for a long term is easier and will be more profitable than trading.

Holding bitcoin for a long term is easier and will be more profitable than trading. You should only use the amount that you can afford to lose, when you want to have trading experience. A trader can't also make profit everyday.
hero member
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October 26, 2023, 02:37:41 AM
#13
I am also newbie in futures but have had some experiences, my response is based on same, take it as grain of salt.

1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin.

Yes it's possible and you don't have to wait for hours, rather minutes as price swing is high in cryptos. But, you must rememeber that your trade can go other way as well, and you lose money.

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2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?

I think this is right since there is order book and you can also place limit orders. But, on one futures dex I traded on, coin I bought had no liquidity yet the order was success. I don't get it.
legendary
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October 26, 2023, 12:27:22 AM
#12
As many members pointed out above, it is possible to achieve 1% from trading within a short period of time, but of course not all traders are able to achieve this. Many traders lose their money in the beginning. Do not forget that for every winner there is a loser in trading.

Therefore, my humble advice to you is to start only with spot trading in the beginning until you gain sufficient experience, after which you can move to futures trading slowly and with a small capital, because entering into futures trading without experience is a very big risk and may cause you huge losses.
copper member
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October 25, 2023, 11:37:56 PM
#11
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.

Absolutely, That kind of profit margin is very possible on crypto due to its volatile nature. Therefore also a lot of trading tool that can help you to do that especially the futures trading which you can get even 10% profit or more if you are good on short trades.

2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?

There’s a market maker on trading in the form other trader and the exchange liquidity itself on the order book. There’s a lot of VC nowadays that invest on exchange liquidity to give instant liquidity to the orderbook which means it’s not always you are buying or selling on other trader because there’s an exchange liquidity itself. It’s same idea to the house bankroll on gambling but this time you are trading to other people and exchange at the same time.
full member
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October 25, 2023, 11:10:30 PM
#10
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.

Profiting that 1% per trade with 1x leverage is possible but challenging without sufficient trading knowledge and experience. While it's feasible to make a 10% daily gain, it comes with risks. Nonetheless, losses are also involved, and if emotions take control, you could potentially lose 50% or even 100% of your account.

2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?

In futures trading, it's a bit like regular buying and selling, but with a twist. When you decide to go long in futures, you're making a deal to purchase an asset (like coin X) at an agreed-upon price and date in the future. When someone goes short, they're making a deal to sell that asset at the same predetermined price and time.
sr. member
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October 25, 2023, 09:58:20 PM
#9
Heck, platforms with 1000x leverage exists. While I obviously don't recommend it due to the risk, potential profit could be anything. You can even make 100% in a few hours if you actually do it correctly lol. The question is, will you actually be able to do it correctly? 90%+ of people won't be able to.
Heck, 1000x leverage will trigger liquidation after a few seconds or minutes.

With 1000x leverage, if price goes against your position like 0.01%, your position will be forced liquidated or even with smaller change than that, forced liquidation already knocks your doors.

90%+ people won't be able to do leverage trading correctly is still an optimistic number for trading gamblers. Because I am sure the failed rate from trading gamblers definitely is more than 90%, like 95% or more.
mk4
legendary
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October 25, 2023, 09:46:56 PM
#8
Heck, platforms with 1000x leverage exists. While I obviously don't recommend it due to the risk, potential profit could be anything. You can even make 100% in a few hours if you actually do it correctly lol. The question is, will you actually be able to do it correctly? 90%+ of people won't be able to.
hero member
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October 25, 2023, 09:19:05 PM
#7
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
By using leverage like 3x and above like 10x, you will take bigger risk to be liquidated. With 10x leverage, you are most favorite customers of centralized exchanges because your positions will be liquidated easily by their automated tools and they will get richer by money liquidated from you.

If you set your target like earning a fixed amount of money such as $50 a day from trading, it is a wrong approach already. Because it will cause pressure on you and you will always have to trade daily.

You must know, trading too often will cause you loss because your brain must be fresh, calm to trade successfully and you must trade only if it's good entry to open your position. If you don't see good entry, don't trade even days or weeks.
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