How to maintain profitability in crypto trading

Dimitri94

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Quote from: justdimin on June 07, 2023, 04:56:38 AM

Unfortunately there are too many people who think that they could double that in a year and those are the newbies, professional knows that if you can make 25% return per year, that's going to get you rich no matter what, that's an insane amount of profit to make per year, and yet newbies think that's nothing and won't be enough, well if you invested 1k, then yeah it is not too much you are right but professionals have bigger capital.

The number of such people is very high who do not consider small gains as ‍profit. One of the biggest negative thoughts for losing their wealth is to see cryptocurrency as a scheme to only double or more their wealth.

I have seen one altcoin holder who got profit about 4x but he wasn't happy his expectations was more. But what a pity for him, when the price of that asset was about to decline, he panic and insisted on holding it. There is a word in crypto that emotion does not influence crypto. He was eventually unable to sell the asset as it was subsequently scammed later. And this was done only because of the holders was inexperience and had excessive greed.

irhact

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Quote from: Fatunad on June 09, 2023, 06:59:51 PM

Quote from: irhact on June 08, 2023, 04:55:43 PM

Maintaining profitability comes from discipline, planning and executing those plans properly. If spot market trading isn't favoring you then switch to future trading but be extra cautious because that type of trading is more difficult and leads to much losses than spot markets.

Market falls or corrections are indeed the best moments or times on which you could really make money because once you do able to get in that low or bottom and when the market starts to recover then this is where profits would kicked in.

It's not as easy as you're writing it because if you''re not careful you can lose more when you buy when the market is falling. Remember, it's not wise to catch a falling knife and when the market is falling it stands as the knife in that statement. You're trading crypto which involves other coins that aren't bitcoin and we have records of altcoins falling and not been able to recover because they lost the hype they had before.

You have to be mindful of the cryptocurrency you buy when they're falling, if Bitcoin is falling you can buy when it reaches the bottom or shows signs of slowing down because with Bitcoin, you have some certainty of the market recovering but altcoins don't have such.

Cryptmuster

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Quote from: rozak on June 08, 2023, 08:05:33 AM

that means maybe you will focus on one or two assets for your trading. and it's good enough that with good strategic planning from the beginning you plan trades. stay you consistently stay in your original plan.
more traders, especially beginners, have difficulty choosing assets. they use a trading strategy. but they are difficult to apply to several different assets. so sometimes novice traders choose assets at random or just follow what looks interesting on the market.

The bottom line is that you can monitor multiple assets, but you don't have to trade them all at the same time.
And it is worth buying only when you see favorable conditions for this, according to your strategy. And in general, I agree that when you follow a small number of assets, it is easier to study them thoroughly than if you had to follow dozens of projects. In trading, the most important thing is never to rush, and only make deliberate trades.

panganib999

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Quote from: death69 on May 02, 2023, 03:54:44 PM

The noble art of crypto trading - where you become BFFs with your screen, praying for green digits to trounce the red. But if you're aiming for nonstop profits in this cuckoo crypto cosmos, you gotta be gutsy and welcome the wild. Who knows, maybe your next fat payday comes from investing in the hot new altcoin - or betting your life's moolah on rock-paper-scissors with a chimp.

Okay, that last one might be a tad extra. But the takeaway? To rock the crypto trading scene, think outside the box and gamble. And hey, maybe you'll be the one chortling your way to the bank - or at least your piggy bank. So, inhale deeply, hug the chaos, and remember: change is the only constant in crypto trading. And that's the thrilling - and horrifying - crux of it all. But c'mon, life's all about taking a leap, right? As the legendary philosopher Shia LaBeouf (or was it Nike?) proclaimed, "Just do it.

Love how poetic you made this lmao, and for the record, they both said Just do it. Shia's just a little more iconic if you'll ask me.

I'd agree with you, trading is already more of a gamble than a craft, only that you know the ins and outs and you can very much predict with sometimes pinpoint accuracy which coins/assets will pump and which won't. So to go a little ham/extra on gambling and taking risks at least to me isn't going to be a big problem. So yeah, be brave and take on as much risks as you could because more often than not, the riskier trades yield the biggest sums.

With that being said, I'd like to throw in a piece of advice myself, just at least to make sure that you stay grounded when you're trading—Know your limits. Going extra and crazy is great and all, but sometimes being a little more calm and collected pays too! especially if you're trying to trade something massive and risky you know. Gauge yourself, check if you could tank the loss and if you could recuperate it in the fastest amount of time possible, and then push for it, or don't, depending on the outcome.

Fatunad

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Quote from: irhact on June 08, 2023, 04:55:43 PM

Quote from: Josefjix on May 21, 2023, 03:16:48 PM

Triggering trades with huge capital leaves us vulnerable to losses, and we increased our leverages all in with the goal of doubling our capital in record time. We identify substantial projects that have the potential to do additional pumps throughout the bull season. Purchasing tokens for the long or short term is a solid plan; traders who have visualized the market understand the whole operations of the space and how to limit their loss rates. Depending on the technique we took, maintaining profitability in the market was simple. The market is volatile, and trading becomes more difficult when we trade during the bear season.

You can also make profits in the bear market because the price also rise and falls during this period. Cryptocurency market never sleeps like the forex market. It's open 24/7 and you can make profits or losses based on the way you set up your market. Using huge capital is not a guarantee that you'll make good profits. You can still losses the huge capital that you're using.

Maintaining profitability comes from discipline, planning and executing those plans properly. If spot market trading isn't favoring you then switch to future trading but be extra cautious because that type of trading is more difficult and leads to much losses than spot markets.

Market falls or corrections are indeed the best moments or times on which you could really make money because once you do able to get in that low or bottom and when the market starts to recover then this is where profits would kicked in.Maintaining profits is impossible because there's no such thing about being that a perfect trader on which means that losses is inevitable. There's no way that we could be able to tell on what would be the market movement and this is something the truth about crypto trading or even into other markets on which there's no way that we could be able to predict and maintain profitability.
Just like on what others said that the important thing on here is that despite of the losses, we could still make out that kind of profit which it is the most important thing to be done.
You shouldnt really make yourself that desperate because this is the primary reason on why people do commit out mistakes and errors just because they are really that trying to push up something
for them to work even though its not really that guaranteed.

Rockstarguy

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Quote from: irhact on June 08, 2023, 04:55:43 PM

Maintaining profitability comes from discipline, planning and executing those plans properly. If spot market trading isn't favoring you then switch to future trading but be extra cautious because that type of trading is more difficult and leads to much losses than spot markets.

A lot needs to be done to maintain a better profitability in crypto trading and also to take every rules about trading very important to make profit. One of the ways to make trading profitable it is by learning, but most Traders find it very difficult to take their time to make research that will help them in their trading. Making research to learn more about trading is everything because doing that you will definitely get to know the best strategy to use in Trading, the best steps to follow in Trading and the rules and habits trading requires. I just know to maintain profitability in training is by just doing the right things in trading and nothing much. When we fail to neglect a particular thing that is supposed to be done in in trading it ends up making trading not to come out profitable at the end of the trade. Profitability in Trading one have to consider learning all the time and planning with risk management.

irhact

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Quote from: Josefjix on May 21, 2023, 03:16:48 PM

Triggering trades with huge capital leaves us vulnerable to losses, and we increased our leverages all in with the goal of doubling our capital in record time. We identify substantial projects that have the potential to do additional pumps throughout the bull season. Purchasing tokens for the long or short term is a solid plan; traders who have visualized the market understand the whole operations of the space and how to limit their loss rates. Depending on the technique we took, maintaining profitability in the market was simple. The market is volatile, and trading becomes more difficult when we trade during the bear season.

You can also make profits in the bear market because the price also rise and falls during this period. Cryptocurency market never sleeps like the forex market. It's open 24/7 and you can make profits or losses based on the way you set up your market. Using huge capital is not a guarantee that you'll make good profits. You can still losses the huge capital that you're using.

Maintaining profitability comes from discipline, planning and executing those plans properly. If spot market trading isn't favoring you then switch to future trading but be extra cautious because that type of trading is more difficult and leads to much losses than spot markets.

ItsCrafty

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Quote from: rozak on June 08, 2023, 08:05:33 AM

I think that the important point here is to regularly analyze your actions and, based on the analysis data, already make the right decisions. Otherwise, the trader usually does not get the best result.

Maintaining profitability in the cryptocurrency market can be challenging due to its highly volatile nature. Start by understanding the fundamentals of cryptocurrencies, blockchain technology, and the factors that affect their prices. Also improve your experience by analyzing the market, risk assessment, decision making ability, and specially control your emotion while escape n the position showing loss or any up down. Before investing in any cryptocurrency, conduct comprehensive research about the project, its team, the technology behind it. Additionally, spread your investments across multiple cryptos to take the edge off risks. Because investing in cryptocurrencies involves risks, and there are no guaranteed profits.

rozak

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Quote from: omgitsmehehe on June 08, 2023, 07:32:39 AM

Quote from: ?? on ??

I think that the important point here is to regularly analyze your actions and, based on the analysis data, already make the right decisions. Otherwise, the trader usually does not get the best result.

I don't open entries on trade until I see a good setup that matches with my trading strategy. I'm convenient with the Support and Resistance zones, that's when I do enter my trade, waiting for pullback also boost my chances of good profits. The whole process keep repeating in some days in a week, I'm always ready to hit the market with my strategy. I'm prefer sticking with one trading strategy will boost the confidence of triggering trades. Profits are made on a regular days, but not all days, we prepared our mindset for the losses.

that means maybe you will focus on one or two assets for your trading. and it's good enough that with good strategic planning from the beginning you plan trades. stay you consistently stay in your original plan.
more traders, especially beginners, have difficulty choosing assets. they use a trading strategy. but they are difficult to apply to several different assets. so sometimes novice traders choose assets at random or just follow what looks interesting on the market.

Filicius

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Quote from: Zanab247 on May 02, 2023, 11:57:58 AM

Hi guys, happy new month, i came to discovered that there are some people in the community suffering how to maintain constant profits in crypto trading system which, I will like to share some ways that will help people to maintain constant profits in crypto trading.

HERE ARE SOME WAYS TO MAINTAIN PROFITABILITY IN CRYPTO TRADING:

-snip

You simply can't guarantee profitability in crypto trading, or any other trading at all. Sorry to question your false sense of control illusion, but if you traded randomly you'd probably get the same or better results than if you performed the best TA. Of course, this is not what WS and many interested subjects want you to know, but there is provable scientific evidence of my previous claim that everybody should know about.

Those interested could start by watching this video, for instance.

omgitsmehehe

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Quote from: ?? on ??

I think that the important point here is to regularly analyze your actions and, based on the analysis data, already make the right decisions. Otherwise, the trader usually does not get the best result.

I don't open entries on trade until I see a good setup that matches with my trading strategy. I'm convenient with the Support and Resistance zones, that's when I do enter my trade, waiting for pullback also boost my chances of good profits. The whole process keep repeating in some days in a week, I'm always ready to hit the market with my strategy. I'm prefer sticking with one trading strategy will boost the confidence of triggering trades. Profits are made on a regular days, but not all days, we prepared our mindset for the losses.

justdimin

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Quote from: qwertyup23 on June 05, 2023, 11:56:22 AM

In addition to what you guys have mentioned, there is an article that I have read before where a trader earns profit only as much as what bank teller earns in a year. The problem with trading is the barrier of entry- it is very easy to enter but very difficult to master.

What separates a beginner trader from an experienced one is the time that the latter has invested. Not to mention, even experienced traders incur losses from time-to-time due to the nature of the act being very difficult to predict.

If you have the time, resources, and patience, the chances of you profiting at the given act would be significantly higher compared to someone who has just started trading.

I think it is quite important to remember that professional ones have a bigger bag to consider, and that's how they make that money. I personally believe that if you give me 500k dollars today, I will become a good trader too, not that I would turn that into a million dollars, but I can do 10% per year every year and that's not too bad, not great neither but definitely not too bad, wouldn't get fired in most cases.

Unfortunately there are too many people who think that they could double that in a year and those are the newbies, professional knows that if you can make 25% return per year, that's going to get you rich no matter what, that's an insane amount of profit to make per year, and yet newbies think that's nothing and won't be enough, well if you invested 1k, then yeah it is not too much you are right but professionals have bigger capital.

MFahad

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Quote from: Zanab247 on May 02, 2023, 11:57:58 AM

HERE ARE SOME WAYS TO MAINTAIN PROFITABILITY IN CRYPTO TRADING:
1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

Crypto traders have to be completely attached with their token's price because market can change anytime , if a person cannot give time to his trading then he should start investment because here one have not to be active all the time just join some groups which will help you in recognizing ups and downs. I just think that one cannot remain active 24 hours and it can also occurs in trading that if he sleeps at night then the market can go high which cannot be identified by the holders therefore investment is be more worthy as well as risks will also be minimum.

qwertyup23

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Quote from: Russlenat on May 12, 2023, 05:55:07 PM

Quote from: libert19 on May 06, 2023, 03:13:30 AM

Your points are not what I expected. Stop losses, preserving your capital, going only a few percent of your portfolio in each trade, not shying away from taking loss — is what maintains profitability. Taking care of physical/mental health counts too, neglecting these two will cause you to have poor decision-making.

I would also pinpoint that those mentioned by OP are not exactly the ways to keep the profits. But knowing when to enter and close a trade will also a big help to maintain its profitability. And by separating your emotions when trading, that is also one way to avoid losses so that you can still focus on maintaining your trading profitability.

In addition to what you guys have mentioned, there is an article that I have read before where a trader earns profit only as much as what bank teller earns in a year. The problem with trading is the barrier of entry- it is very easy to enter but very difficult to master.

What separates a beginner trader from an experienced one is the time that the latter has invested. Not to mention, even experienced traders incur losses from time-to-time due to the nature of the act being very difficult to predict.

If you have the time, resources, and patience, the chances of you profiting at the given act would be significantly higher compared to someone who has just started trading.

TheUltraElite

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Quote from: Distinctin on May 21, 2023, 04:45:45 PM

Be reminded that not all bigger capital ensure higher profitability. Everything still depends on your skills and capabilities to trade. So you need to invest first on your skills and abilities so that once you increase your capital, then it will also lead to gaining higher profits once you succeed in your trades. Otherwise, increasing your capital will only make you lose more especially if you trade because of your greed.

I wholeheartedly agree, the knowledge and experience of trading knows no bounds. I myself come from the background of stock market trading and experience has helped to remain profitable in the crypto market from the start. While this market is difficult to compare to others, the basic knowledge helps.

Bigger capital is comparable to the concept that bigger guns means bigger damage - but the size does not matter here Grin

- its more of the skill with which you use your "guns" to cause the maximum damage. Roll Eyes

[Pun intended 100%]

But seriously speaking, not everyday is going to go well, patience/skills and a bit of luck leads the to recipe of profit. In the meantime make sure to wind out with friends and family and keep the daily job earning coming in - that is necessary to keep the mental peace and augment the patience.

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Quote from: LUCKMCFLY on May 28, 2023, 07:37:22 PM

Quote from: Baoo on May 09, 2023, 07:22:33 PM

That’s great, you have mentioned some useful points. However, you forgot to indicate the importance of knowledge. It is really necessary to learn the basics and elements of crypto trading at the beginning of your career. I encourage newbies to start with reading some effective books, they provide a useful and general introduction of crypto trading and some important tools. Furthermore, it is essential to have a high self control while trading otherwise they will end making some wrong and hasty decisions especially in tough moments such as sudden bear run or crush. And of course it is preferable to start with a low funds or capital to steer clear of high risk.

Knowledge is pure gold, we will always have many things to do if we are clear about some things in trade and with respect to crypto, if we have knowledge of the fundamentals of bitcoin and cryptocurrencies, we will know exactly when to buy and sell, especially in the altcoins that many people are very fond of it, the main reason for cryptocurrencies is bitcoin and if bitcoin goes up all the altcoins go up, this is logical, and it is known when to buy, to sell, but yes, it is You need a lot of knowledge, or at least read a lot of threads here on the forum to learn quickly.

I don't think that one can be able to know exactly when to buy or sell if one knows the fundamentals of Bitcoin and cryptocurrencies, but one will need to have a deep understanding of the market and cryptocurrencies and knowledge of basic and advanced technical analysis in order to have a price estimate and even that estimate can be wrong at times.

The point is, it is not possible to know the exact time to buy and sell as it is almost impossible for anyone to perfectly time the market unless it happens out of luck, otherwise, even the experts can't find the exact positions for making their trades.

LUCKMCFLY

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Quote from: Baoo on May 09, 2023, 07:22:33 PM

That’s great, you have mentioned some useful points. However, you forgot to indicate the importance of knowledge. It is really necessary to learn the basics and elements of crypto trading at the beginning of your career. I encourage newbies to start with reading some effective books, they provide a useful and general introduction of crypto trading and some important tools. Furthermore, it is essential to have a high self control while trading otherwise they will end making some wrong and hasty decisions especially in tough moments such as sudden bear run or crush. And of course it is preferable to start with a low funds or capital to steer clear of high risk.

Knowledge is pure gold, we will always have many things to do if we are clear about some things in trade and with respect to crypto, if we have knowledge of the fundamentals of bitcoin and cryptocurrencies, we will know exactly when to buy and sell, especially in the altcoins that many people are very fond of it, the main reason for cryptocurrencies is bitcoin and if bitcoin goes up all the altcoins go up, this is logical, and it is known when to buy, to sell, but yes, it is You need a lot of knowledge, or at least read a lot of threads here on the forum to learn quickly.

Distinctin

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Quote from: Kelvinid on May 08, 2023, 04:09:16 PM

Quote from: Zanab247 on May 02, 2023, 11:57:58 AM

3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

Just like in business adding more capital is a way to increase profit and market market share.
However, when it comes to trading, I know we wanted more but must have to think that it adds risk as well. I'd never find it a good option in trading unless it was really necessary if our capital is very small. We should not be greedy in trading and must know contentment otherwise, this would lead us to addiction and we know what will happen when greediness is on our side - out of control and losses.

Be reminded that not all bigger capital ensure higher profitability. Everything still depends on your skills and capabilities to trade. So you need to invest first on your skills and abilities so that once you increase your capital, then it will also lead to gaining higher profits once you succeed in your trades. Otherwise, increasing your capital will only make you lose more especially if you trade because of your greed.

Josefjix

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Quote from: Litzki1990 on May 18, 2023, 08:00:14 AM

The higher the amount of capital that can be trained, the higher the profit. Not only increasing the capital is more likely to be profitable, we also need to do enough research about the market to determine the best time to invest. If we buy tokens at the wrong time with too much capital, we are more likely to lose than gain.

In order to benefit from trading, first of all we need to have an understanding of the market, we must understand the movement of the market, only if there is volatility in the market, trading cannot be taken based on that volatility. Be patient, believe in your own trading, take risks, all these things we have to have in ourselves, then we can achieve more with more capital.

Triggering trades with huge capital leaves us vulnerable to losses, and we increased our leverages all in with the goal of doubling our capital in record time. We identify substantial projects that have the potential to do additional pumps throughout the bull season. Purchasing tokens for the long or short term is a solid plan; traders who have visualized the market understand the whole operations of the space and how to limit their loss rates. Depending on the technique we took, maintaining profitability in the market was simple. The market is volatile, and trading becomes more difficult when we trade during the bear season.

justdimin

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Quote from: imamusma on May 19, 2023, 02:56:56 PM

Quote from: tygeade on May 19, 2023, 02:42:39 PM

Maybe there are times that no matter who hard they try, profits won't come out. They already expected this but this should help them improve their skills more because they will now create a new strategy just in case the same scenario will return. Bigger profit must be the goal of the investors but the goal of the traders is to make small consistent income. The money can still stack this way.

The goal of traders and investors in general is about returns, but what differentiates the two is about when they will take the profits. Traders tend to focus on shorter time frames than investors, they can be consistent depending on trends and trading strategies but in my opinion it's difficult.

The level of difficulty in maintaining profitability depends heavily on the trading strategy of each trader. The liquidity of the market will also affect it, but in the end I can only agree that investors are the big winners in the crypto market.

I guess that it should be something that will matter a bit, not going to really change much but in the end we are going to have something to look for when we are long term investors, it is a long term but also a bit of a lazy thing.

I became a long term investor not because I think this will make me more profit, it may or it may not, depends on how good you are as a trader, but because I knew that I would have to work so much more to make more money as a trader. That is a big reason and I do believe that we shouldn't really focus on how we could make profit and just focus on what is realistic for us. That is how I approached it so far and that is how I will keep seeing it forever. It will allow me to consider this as a way out financially, and what I can actually do as well.

Topic: How to maintain profitability in crypto trading (Read 736 times)