How much did you make in Bitcoin trading?

livingfree

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Quote from: SacriFries11 on April 03, 2021, 10:21:42 AM

I still recovering my losses since the beginning of my trading journey and I still don't have proper right time in getting back quickly what i've loss
since I have little time in positioning my trades but I'm learning how to properly execute when I will set and analyse the market.
I'm satisfied when I won 10%-15% of my trades and take the profit then proceed to other trades. I don't blame myself if I don't get the same win
in every day and not every day you will win. Consistence is also the key in trading and continue on learning.

You don't have to trade if you want to recover your losses and if that doesn't work to you perfectly maybe you have to change your strategy. Set yourself a plan and try to become an investor and you don't have to chase your losses daily.

You buy at a lower price of bitcoin and you only need to wait a bit of time, maybe a week or two and you'll see the result of it. Usually it's an effective strategy that will help you recover a little by little from your losses if you're not rushing around.

SacriFries11

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I still recovering my losses since the beginning of my trading journey and I still don't have proper right time in getting back quickly what i've loss
since I have little time in positioning my trades but I'm learning how to properly execute when I will set and analyse the market.
I'm satisfied when I won 10%-15% of my trades and take the profit then proceed to other trades. I don't blame myself if I don't get the same win
in every day and not every day you will win. Consistence is also the key in trading and continue on learning.

Kasabus

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Quote from: trigger1975 on April 01, 2021, 04:17:19 PM

Quote from: TedMosby on March 15, 2021, 08:58:07 AM

yeah, trading is time and mind-consuming, it's difficult to focus on your main job seeing your portfolio up and down drastically.

Proper position sizing and risk management are key. In general: if your risk is too high, you'll wrap your head around your trade 24/7. If you can't sleep as you have to think about your positions: your risk is too high. Lower your position to a reasonable and manageable level which does not cause pain to you if price fluctuates and always set a reasonable stop loss.

I supposed to think that all the traders before putting their money for trade are already aware of the risk and that losses could wait for them.
Just simple, only trade the amount that you can afford to lose and I think it is reasonable enough to say that they know how to manage their fund before engaging to a higher risk.
If that they know nothing about this, that gives them hell.

trigger1975

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Quote from: Ziskinberg on March 27, 2021, 06:06:59 PM

I have a friend that engages in trading and I've noticed that he do it well. He can make $100 per day or more if he wants to but because of the nature of his job, he can't spend a lot of time with it. He also tells me that he suffered big losses but he able to recover them for a short while. This gives me into thinking that even you are doing good in trading, you can't still escape losses and if we are desperate enough and quit, we never have to recover it.

If he suffered big losses he did not practice good risk management and that is key. Reasonable Risk-to-Reward and proper risk management and position sizing are vital.

If one trades a strategy with 2% of his capital at risk per trade, a 50% win rate and averages a 1:3 Risk-to-Reward (RR) on a winning trade, he'll be absolutely fine, can survive a losing streak of 50 trades until he's out of money and does not have to suffer big losses due to hard stop-losses.

trigger1975

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Quote from: TedMosby on March 15, 2021, 08:58:07 AM

yeah, trading is time and mind-consuming, it's difficult to focus on your main job seeing your portfolio up and down drastically.

Proper position sizing and risk management are key. In general: if your risk is too high, you'll wrap your head around your trade 24/7. If you can't sleep as you have to think about your positions: your risk is too high. Lower your position to a reasonable and manageable level which does not cause pain to you if price fluctuates and always set a reasonable stop loss.

trigger1975

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Quote from: isaac_clarke22 on April 01, 2021, 02:12:42 PM

Quote from: Yamifoud on March 30, 2021, 05:08:38 PM

1% every day, that seems so good for me.

For small traders, that 1% won't budge a lot even for me. It's a meh.
Maybe for the rich types or those you call whales would call that more than enough every day, because surely they had invested more than 5 digits in USD and a 1% of that would be hell a lot.

Wait, what? If you can manage to profit 1% per day on your capital is a huge deal! Just do the simple math: 1% per day is 365% per year and if you manage to compound your returns 1% per day turns into 3778% per year.

In other words: if your capital is 2500 US$ and you can make 1% per day (25 US$) you'll turn it into 11,600 US$ after one year and if you compound it you'll end up with a capital of 94,458.59 US$ after just one year.

milewilda

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Quote from: xSkylarx on April 01, 2021, 10:01:07 AM

This differs on the capital and risk management of us. There are others that do high leverage and low margin in futures trading. While there are others who thinks trading can make them millionaire fast that doesn't manage their margins well. I myself is a high leverage, low margin trader and so far I'm earning 30% of my 100$ capital with this bull market. The profit is not that big but the risk of being liquidated is very low. I want to increase my capital but my income is just enough for my personal responsibilities and also afraid because if I lose, earning that money again won't be easy.

There are really factors to be considered when we do talk about profitability.

-Total Capital
-Lot sizes(Order or position)
-Times on selling and buyback
-Time spent on trading
-Emotion

Things that do mainly to be look upon which would heavily affecting on someones trade.
So when it comes to profit making then it would really vary.

NohchiVuso

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Probably few $ but actually by holding. As for trading you need to have a price when you buy and a price when you want to sell it. Then a price there you ready to enter the markt again and a price when you sell then. It depends if you want to earn more you have to be watching news everyday and sell and buy everyday or just as freq as you want too. This what i figured out for me

iamsheikhadil

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Quote from: mk4 on January 05, 2021, 05:02:29 AM

Overall, while I made money trading bitcoin(and other cryptocurrencies), I've honestly could've made A LOT more money if I simply held my bitcoin and dollar-cost averaged, and just put all my focus on creating businesses. While I'm not going to demotivate anyone to do trading, it simply isn't for everyone. Most people are simply better doing something else for money.

I completely agree with this, trading isn't for everyone (and I am glad I realized it now Cheesy

) because, it needs not only good patience and market knowledge, but quite a big capital to start with ngl. I believed that one can make good money even trading with small amounts, and while that is partially true, but it is simply isn't worth it because it will take lots of time and isn't going to happen overnight. It's easier to hold, it's like you are trading your crypto/time pair and sell it when crypto is higher in price.

isaac_clarke22

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Quote from: Yamifoud on March 30, 2021, 05:08:38 PM

1% every day, that seems so good for me. Maybe an expert will do more as they are much knowledgeable on the market but if you are just a starter, you will be lucky enough to have some profit.
Trading could be in timing, you can just buy and then sell. No, you should also have observed the market flow, and that to know how important it looks on the chart. That if you are too careless in here, you surely end up losing your money easily and this is often happening to newbies.

For small traders, that 1% won't budge a lot even for me. It's a meh.
Maybe for the rich types or those you call whales would call that more than enough every day, because surely they had invested more than 5 digits in USD and a 1% of that would be hell a lot.

xSkylarx

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This differs on the capital and risk management of us. There are others that do high leverage and low margin in futures trading. While there are others who thinks trading can make them millionaire fast that doesn't manage their margins well. I myself is a high leverage, low margin trader and so far I'm earning 30% of my 100$ capital with this bull market. The profit is not that big but the risk of being liquidated is very low. I want to increase my capital but my income is just enough for my personal responsibilities and also afraid because if I lose, earning that money again won't be easy.

Darkelf11

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I think it's it depends on what you have we are talking about what you can afford some people want to trade but they don't have a large capital amount which is just okay if you have only 10-20 dollars I think just enough just to carry on the wave of the market but it's not volatile it's not recommended to trade with that amount.

But for me, I make a trade with 100-200 dollars is enough just to have a good hand to hold your trade and not much nervous on the market.

FanEagle

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Quote from: tygeade on March 30, 2021, 04:26:41 AM

It varies , and let’s say you can make around 5% to 30% from trading in a month. You really have to put in some focus and trade properly to achieve something bigger. And also the market condition at the moment can as well determine the level of your achievements, there times the market will be bullish and at that moment all your trades that you place will be bringing in profits and that’s a plus for you.

If you’re just going to be HODL’ing,then that’s going to be a different case, because you can stay a month and not get any profit until the market starts growing.

Yeah, that is why we calculate yearly averages. In finance world people talk about yearly profits, look at all the companies who do profit sharing like Berkshire Hathaway or any other company, they talk about their annual return rates and how 10-20% is good for them because that is what you can calculate, monthly is too narrow to talk about.

If you can make about 20% yearly, that is actually not bad, people talk about it like it is nothing because we are in crypto world and honestly people can make more than that in a day in some stuff, but the reality is that if you can consistently make 20% every year for 20 years you can retire. A guy who starts working at 22 years old after college puts up about just 50 dollars per month into investments and does that with 2% increase per year (so second year it has to be 51 dollars) that means with 20% return he can retire at 40 years old or so, that would probably be enough.

Yamifoud

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1% every day, that seems so good for me. Maybe an expert will do more as they are much knowledgeable on the market but if you are just a starter, you will be lucky enough to have some profit.
Trading could be in timing, you can just buy and then sell. No, you should also have observed the market flow, and that to know how important it looks on the chart. That if you are too careless in here, you surely end up losing your money easily and this is often happening to newbies.

boyptc

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Quote from: Oilacris on March 30, 2021, 02:22:50 PM

Quote from: boyptc on March 30, 2021, 02:08:04 PM

Quote from: angrynerd88 on March 27, 2021, 11:57:49 AM

Trading is an art and few of people expert in it,Trading is not for everyone but for those who have passion of success and patience to get expected profit.Basic education is necessary without education of trading is like a gambling.Follow the proper rules,I mainly trade for long run and also put stop loss to avoid huge losses,My portfolio mainly focus on worthy coins having great future and buy at low then HODL and sell when i get my profit.

We really have to sell if we're going to take profit.

We sell on that level and we don't sell if we're about to panic and just taking to break even. Many holders are becoming traders when they're about to panic and forgetting about their plan because of their emotion.

They can't handle the pot if it's already hot and that makes them sometimes sell at losses or break even.

When you are just new into this market then you would most likely to have this kind of behavior on where you do really easily react when there's a price decrease
or do get easily fomo'ed when there's a pump or simply means that you do easily react with simple price movements.

In due time when you do already get the experience then these kind of mistakes would really be not likely to be done since you are already aware on how the market works.

Profitability will always vary on how well you are dealing with the market.This isnt something that can be just attained in a short time. Experience needed and for you to get
that then it would be basically means about lots of trial and error had been made.

That is a fact.

And that's where the newbies don't understand about studying and getting to know more about the market in the long run. It's about your experience and frustrations that will you understand that you don't get rich overnight with it.

While the newbies think that when you trade, you become rich on an instant.

Oilacris

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Quote from: boyptc on March 30, 2021, 02:08:04 PM

Quote from: angrynerd88 on March 27, 2021, 11:57:49 AM

Trading is an art and few of people expert in it,Trading is not for everyone but for those who have passion of success and patience to get expected profit.Basic education is necessary without education of trading is like a gambling.Follow the proper rules,I mainly trade for long run and also put stop loss to avoid huge losses,My portfolio mainly focus on worthy coins having great future and buy at low then HODL and sell when i get my profit.

We really have to sell if we're going to take profit.

We sell on that level and we don't sell if we're about to panic and just taking to break even. Many holders are becoming traders when they're about to panic and forgetting about their plan because of their emotion.

They can't handle the pot if it's already hot and that makes them sometimes sell at losses or break even.

When you are just new into this market then you would most likely to have this kind of behavior on where you do really easily react when there's a price decrease
or do get easily fomo'ed when there's a pump or simply means that you do easily react with simple price movements.

In due time when you do already get the experience then these kind of mistakes would really be not likely to be done since you are already aware on how the market works.

Profitability will always vary on how well you are dealing with the market.This isnt something that can be just attained in a short time. Experience needed and for you to get
that then it would be basically means about lots of trial and error had been made.

boyptc

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Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: angrynerd88 on March 27, 2021, 11:57:49 AM

Trading is an art and few of people expert in it,Trading is not for everyone but for those who have passion of success and patience to get expected profit.Basic education is necessary without education of trading is like a gambling.Follow the proper rules,I mainly trade for long run and also put stop loss to avoid huge losses,My portfolio mainly focus on worthy coins having great future and buy at low then HODL and sell when i get my profit.

We really have to sell if we're going to take profit.

We sell on that level and we don't sell if we're about to panic and just taking to break even. Many holders are becoming traders when they're about to panic and forgetting about their plan because of their emotion.

They can't handle the pot if it's already hot and that makes them sometimes sell at losses or break even.

Maslate

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Quote from: tygeade on March 30, 2021, 04:26:41 AM

It varies , and let’s say you can make around 5% to 30% from trading in a month. You really have to put in some focus and trade properly to achieve something bigger. And also the market condition at the moment can as well determine the level of your achievements, there times the market will be bullish and at that moment all your trades that you place will be bringing in profits and that’s a plus for you.

You can't make a good profit if you don't have a focus on your trade and that even possible you lose instead of profit. A lot of factors that could affect the result of our trades
*a choice of coin
*strategy
*capital(this could be a big factor)

Quote

If you’re just going to be HODL’ing,then that’s going to be a different case, because you can stay a month and not get any profit until the market starts growing.

Holding is far different in trading and if we compared the result, I'm in no doubt that trading could gain more than just holding. Well, of course, the risk is high but it has to be said that more risk = more profit.

tygeade

legendary

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It varies , and let’s say you can make around 5% to 30% from trading in a month. You really have to put in some focus and trade properly to achieve something bigger. And also the market condition at the moment can as well determine the level of your achievements, there times the market will be bullish and at that moment all your trades that you place will be bringing in profits and that’s a plus for you.

If you’re just going to be HODL’ing,then that’s going to be a different case, because you can stay a month and not get any profit until the market starts growing.

Ziskinberg

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Quote from: angrynerd88 on March 27, 2021, 11:57:49 AM

Trading is an art and few of people expert in it,Trading is not for everyone but for those who have passion of success and patience to get expected profit.Basic education is necessary without education of trading is like a gambling.Follow the proper rules,I mainly trade for long run and also put stop loss to avoid huge losses,My portfolio mainly focus on worthy coins having great future and buy at low then HODL and sell when i get my profit.

I have a friend that engages in trading and I've noticed that he do it well. He can make $100 per day or more if he wants to but because of the nature of his job, he can't spend a lot of time with it. He also tells me that he suffered big losses but he able to recover them for a short while. This gives me into thinking that even you are doing good in trading, you can't still escape losses and if we are desperate enough and quit, we never have to recover it.

Topic: How much did you make in Bitcoin trading? (Read 1475 times)