How much would you say one could realistically make a month trading? - page 2.

justdimin

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Quote from: Natsuu on February 14, 2021, 07:01:09 AM

1. You won't trade all 10,000$ in one coin, so even if you've invest in doge, pretty much you only invested somehow 2-3k of the capital in it

And it would require some next level anticipation to actually invest into dogecoins because it was suddenly being pumped by Elon Musk without any prior notice or anything like that and if there was any trade who anticipated that dogecoin will be pumped, they deserve the best trader of the year award already.

I would say one can keep the 10k in margin account and actually use leverage to get more funds and invest during a bull run, like you said about doge so one can see when the market is going up they can borrow money (leverage) and buy more than what you would normally with the capital. The risk is always there though so while I am suggesting it, I don't know if it would work.

SquallLeonhart

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I think there are some places that actually give you a decent return right now for your money as well, so you could not trade your money and just keep it and still make more of it as well. Obviously this is not going to be that challenging when you consider how much you would need monthly to actually make it worthwhile but its bitcoin interest do not forget that, it might look small but the reality is that that small amount actually becomes huge when bitcoin price goes up.

There are some places that offer interests but that are centralized places and do not get closer to them, they could steal your money and that is not something you want the risk of, I would pick the decentralized places because they are a lot better and they can't scam you.

SirLancelot

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Quote from: Majharul Saiif on February 13, 2021, 08:08:07 AM

From my own experience, I can say that I can earn almost 40-60% profit in trading based on month trading. It already proved for me that I had earned that amount almost 4 months and still I am involved with trading and this bullish market helped me a lot to make it more. Please use your own brain with others signals which you followed or maybe followed.

Earning 40-60% is gigantic considering you were not lucky and actually had the tools and brain to earn that profit within a month. You can easily double your money within 2 months and in a few years that number might be big enough to blow our minds, so make sure you are actually earning that much or is it just a feeling that you can earn that much. I often feel like I could have earned millions had I purchased Bitcoins in 2011 but that didn't happen.

I would never recommend following any signals from anyone and surprised you are saying that because you seem like a decent trader earning 40% ROI on the capital.

clark.well

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Trading BTC with just $1k gives me atleas 10-30 usd a day which isnt really that impressive given that it is just a side hustle of mine since i do my everyday work facing a computer. Bought a second cheap monitor just to see the charts and do arbitraging while doing other stuff

RealMalatesta

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Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

Candidly speaking there is no fixed or even rough figure as of how much one can earn with a given amount for trading because it all depends on what decisions you take like which coins you trade and if you are only trading Bitcoins lets say and price trading is the only option then there are still number of factors like what is your risk appetite and how much you are willing to use into each trade.

You cannot buy bitcoins with all the 10k you have for trading because if you do that, you might have to wait months in case the price drops and hence a number of factors will decide how much you can earn. The best strategy one can implement though is just buy and hold the coins because its been years and that seem like the easiest yet most effective strategy.

jerry0

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Im curious but what percentage of trades win/lose when you count everybody including those who daytrade for a living? Because it seem like people say almost everyone who isn't a full time trader is losing? I find this hard to believe especially when all prices are going up. I assume its when the prices drop, then people lose? But then again how do they lose unless they sell?

Sinjokubhi

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Sinjokubhi

Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

In fact, realistic income depends on how we ourselves manage the funds we trade. If it is for full time it is more precisely to invest. Realistic results are sometimes not as expected, but by the way we manage it well, we can make a profit. By paying attention, the news that is happening or from the market place with all the risks.

Examples like this,

you have $ 100 and you want to spend it all to buy bitcoin, so when the current bitcoin price rises 50%, you will get bitcoin for 0.0030 BTC or the same as $ 150, here you have made a profit, but you know that the price will go down the following week. It all goes back to your choice, holding it to wait for the price to rise again, or selling it as a whole, or selling it 75% of the total raised and holding the rest to be used as the next asset. Here you can also buy bitcoins in smaller amounts according to your needs.

qwertyup23

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Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

There was an article that I read that 97% of the traders who do short-term lose money on their first month of trading while the remaining 3% earn as much as a bank teller.¹

The problem with trading is you need a relatively large amount of capital if you want to increase your chances of earning. In addition, trading is a skill that MUST be sharpen through experience and time. No matter how many times you read an actual book or watch videos about techniques on trading, without actual and personal experience, you will never grasp the actuality of trading.

¹ https://www.informedfinancials.com/2020/12/29/is-day-trading-for-a-living-your-dream-job-get-another-one-study-says-97-of-day-traders-lose-money/

Oilacris

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Quote from: Julien_Olynpic on February 16, 2021, 12:11:08 PM

I would not count on profit on a monthly basis. I think it is wise to plan your trade for longer periods. Such periods could be one year or even several years. Plus, your profit is highly dependent on what kind of market is right now. Now the market is bullish and we can look forward to a larger profit than during the bear market. But still, even in a bull market, no one guarantees you profit. Even in a bull market, you can lose all your profits. People who take out loans to trade or use margin trading often lose everything. They trade in a bull market though. It’s a paradox, but it’s true.

Not all would really be having that kind of mindset or target goals for them to take profit in a years or several years time.We can classify two types of traders which are those for long terms

and those are just for short terms which means active trading is there where you do get involved with the market in days time for you to make some move.When it comes to profits

then we do have our own target or we had been set out neither 10% or even more and some do even set out those unrealistic but sooner or later they would really able to realize
that trading isnt really an easy thing. Generally in talking about being realistic then theres no such thing about precise or constant monthly gains,
it will always vary on how you do well in playing out the market and also that market price condition is always a great factor that can affect someones profitability.

Julien_Olynpic

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I would not count on profit on a monthly basis. I think it is wise to plan your trade for longer periods. Such periods could be one year or even several years. Plus, your profit is highly dependent on what kind of market is right now. Now the market is bullish and we can look forward to a larger profit than during the bear market. But still, even in a bull market, no one guarantees you profit. Even in a bull market, you can lose all your profits. People who take out loans to trade or use margin trading often lose everything. They trade in a bull market though. It’s a paradox, but it’s true.

FanEagle

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Quote from: Yatsan on February 15, 2021, 06:26:14 PM

Actually being realistic one how much a certain individual can possibly attain during one month straight trading is still dependable on how he certainly do his trade because we do have different ways on doing our trading and different budget of course for the capital to start with as well the coins we choose to trade so the results will be hard to be stated because there are certain things that are dependable making it real hard to tell how much someone do on trading. It can be small or big like $5,000-$10,000 per month on average just base on what I think it can be possible but I guess others will be smaller or be bigger than that.

5k to 10k is nothing if you got in with a million dollars, it is a huge ton of money if you got in with 100 dollars, so it is not about the amount but it is about the % you make in trading. I believe during bull months it is easy to make 100% per month and everyone seems to think I am crazy to think making 100% is possible per month but I am talking about only the past 5-6 months for example, not generally.

But on bear months you could literally drop 90% in value as well, your million dollars could become 100k or your 1k could become 100 dollars, that is all possible if you want to trade in the bear market, I remember people leaving with 50% loss in a single day. So, that is why it all depends on the moment and not the trader that much, sure being a good trader is important but knowing when to trade is a lot more important.

Yatsan

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Actually being realistic one how much a certain individual can possibly attain during one month straight trading is still dependable on how he certainly do his trade because we do have different ways on doing our trading and different budget of course for the capital to start with as well the coins we choose to trade so the results will be hard to be stated because there are certain things that are dependable making it real hard to tell how much someone do on trading. It can be small or big like $5,000-$10,000 per month on average just base on what I think it can be possible but I guess others will be smaller or be bigger than that.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ?? on ??

So far from the experience I have experienced, if you want to apply monthly trading, you must be able to pay attention to the capital money and coins you buy because the profits you get every month depend on the capital you use and of course the coins you buy must be considered, if a few months then you buy Dogecoin so you can get a lot of profit and when using a lot of capital you can become rich instantly.

Why doge amigo? Because it got pumped up by Musk? I would not suggest such an altcoin to be bought for a newbie.

The FOMO with DOGE is pretty clear now. Although the DOGE price tanked a bit, people might still be willing to buy it. Nevertheless, instead of getting a profit, they might be at a loss already if they are caught in the middle of selling it and holding it. DOGE does not have any technological development of its own so it lack the possibility of growth.

I would say MrMusk made a fool of the crypto people by selling it on their heads after pumping it. Grin

The only thing one can suggest is bitcoin but of course not at this price.

Maslate

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Quote from: Natsuu on February 14, 2021, 07:01:09 AM

Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

Trading is mostly losing than winning, and it is the truth that is very hard to swallow, though through experience, we can reverse this.

Given by the OP statement, and only a month of day trading, you will prolly get about 10-20% of your overall capital as:

1. You won't trade all 10,000$ in one coin, so even if you've invest in doge, pretty much you only invested somehow 2-3k of the capital in it
2. Some of your trades will results to a loss, thus decreasing what you might gain in some other trades.

Maybe you are right saying trading is mostly in losing but you can take it back if you never quit. I may not so lucky this time, but maybe it changes by tomorrow. That is all about and we can make all the times in winning, but sometimes we experience losses as well.

Many traders did not continue in trading because they find themselves out from it. And of course, he can't take back their losses for that leaving. And if OP is already prepared for this, backup with knowledge, I think he can do it. He can probably make a 10-20% profit or even more depending on his capabilities and his chosen coins to trade.

Natsuu

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Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

Trading is mostly losing than winning, and it is the truth that is very hard to swallow, though through experience, we can reverse this.

Given by the OP statement, and only a month of day trading, you will prolly get about 10-20% of your overall capital as:

1. You won't trade all 10,000$ in one coin, so even if you've invest in doge, pretty much you only invested somehow 2-3k of the capital in it
2. Some of your trades will results to a loss, thus decreasing what you might gain in some other trades.

CryptocurencyKing

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A lot plays a role in how much one can make through trading. Ranging from your experience in the field, your capital, trading strategy and if your either a long term trader. It all defines how much acquainted you are to the field and how much you could make depending on these elements of your trading. But on a normal scale to an average day trader, making as much as $15-20 daily is enough if you can arrive at such result with your expertise. But then, you can't always win on your trades so, it could be less at times too and it's still a good thing so long as the week's ground total often ends in profit for you. Then your doing great.

MCobian

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Having a trading capital of $ 10,000 is very large in my opinion. Because I am currently only trading with a capital of $ 1500. If you can analyze
Bitcoin movements correctly, I think with a capital of $ 10,000 can make a profit of about $ 500 - $ 1000 in a month. This is a very large amount of
profit in my opinion, compared to if you invest in a bank, which only gives you 6% a year profit. Therefore, now many institutions are aware that
investing in Bitcoin is more profitable than investing in other assets.

iamsheikhadil

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With a $10,000 starting capital, as a noob I will probably lose half of it even before one month Grin

so most likely I will get into copy trading and probably will make an average of $100-200 a month taking all average of net loss and profit? But, if we don't keep the crypto volatility constant because the main motive of trading is to gain from miraculous growth by researching on market predictions beforehand, or if I just left that amount in holding, it would be at least 3 times now if it was left in Bitcoin and if it was in doge, I would probably have around $80,000 Grin

which is on average $5000 a month Cheesy

FIFA worldcup

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Quote from: Majharul Saiif on February 13, 2021, 08:08:07 AM

Quote from: 9thsky on February 08, 2021, 10:50:05 AM

If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?

From my own experience, I can say that I can earn almost 40-60% profit in trading based on month trading. It already proved for me that I had earned that amount almost 4 months and still I am involved with trading and this bullish market helped me a lot to make it more. Please use your own brain with others signals which you followed or maybe followed.

This is the year where you can make good returns by altcoin trading. I am also involved in trading and making some nice gains. However as many altcoins are pumping 30-50% daily, its time to be cautious and do get over confident. Trade carefully and keep on taking profits on the way.

CryptopreneurBrainboss

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Quote from: noormcs5 on February 13, 2021, 02:36:01 PM

[quote author=9thsky link=topic=5315634.msg56299784#msg56299784 In the current market situation where almost every altcoin is going up you can make a lot of profit, minimum 2x-3x on monthly basis. But this ratio of the profit making will decrease in bear market and at times you won't be able to make any profit. I would not recommend you to do full time trading with only capital of 10,000$.

Exactly, I would had just suggested investing, you have a capital of $10,000 that can easily turn $100,000 in matter of weeks or approximately one month. The altcoins are giving great return of investment at the very moment. You can take advantage of this and be very quick in taking profit, don't get attached as nobody know when the crash will come by.

Obviously a large allocation should be given to bitcoin then some $1000 capital can be invested in selective coins especially those with strong fundamentals and have the support of the community. Most of those coins can be found on binance, while most of them have already been hyped some are yet to moon.

DeFi coins are also doing quite well but just like last time, if you'll be picking interest in them, you should be very cautious as the hacks are still coming in, causinytge price that crash within minutes.

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