if you are a trader, how long it took for you to become profitable trader?

EL MOHA

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Quote from: maydna on Today at 07:06:28 AM

If the market have a good progress, you can trading in a long term and profitable. But we know that the market will always changes and many times we see the price gets the correction. That makes us to calculates and analyzes deeper to know when we can enter to the market.

The only people that worry much about bitcoin been directionless or when it is moving sideways trend are those investors for a skilled or knowledgeable trader they can trade either the pump by going long or trade the dip by shorten the market, during this period traders tend to even earn a lot than when the market is less volatile.

Quote from: maydna on Today at 07:06:28 AM

Want a profit for $2,000 or $3,000 per month will be too high for a beginner because they don't have much experience and still learn more about trading analysis. But if you are a pro traders, I am sure you will gets that profit even bigger than that. You need to find the strategies by yourself and not depends on other people's strategies because you and them will not have the same situation and condition.

Even though I am not a fan of one setting a profit target for them selves in trading because I believe it makes one breaks many trading rules like having to do a revenge trading or over trading just to meet up with the target which is one easy way traders lose more on the market. For the amount I think the capital of more than that amount will help to actually get that target, say someone with one $5k to $10k capital only a 50% of their capital for the month is ok. It can be 10% of the capital on each trade and I don’t think the trade will actually be upto 10 trades for a month with at least 1:2 RR for each one

Dr.Bitcoin_Strange

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Hmm.. Very long, when I start trading forex my balance was almost liquidated and seems I was just profiting and losing everything. I started crypto trading and also stop at some point but since this year I don't think I have existed so many trade in losses. I have recorded more profit in trading this year than previous year, the only problem is that I don't do it so often. If you want to be profitable, be consistent, don't trade to get rich instantly, handle it like a business that generates profit gradually and you can stand the chance to profit from it.

Dr.Bitcoin_Strange

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Hmm.. Very long, when I start trading forex my balance was almost liquidated and seems I was just profiting and losing everything. I started crypto trading and also stop at some point but since this year I don't think I have existed so many trade in losses. I have recorded more profit in trading this year than previous year, the only problem is that I don't do it so often. If you want to be profitable, be consistent, don't trade to get rich instantly, handle it like a business that generates profit gradually and you can stand the chance to profit from it.

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

I've been doing a basic trading it seems for a year or a couple now I forgot because i keep doing a progress through out my trading journey and of course I do consider what kind of lifestyle I do have that still capable to make money in trading. Those target price you can take home are still ideal but it depends on the capital of your trade, the margin and of course your activity. If you have a basic life it seems you don't need to get worry what do you have instead your agenda is to make yourself survive with your daily expenses but if you are kind of person who have a high lifestyle it seems hard on you if you are just starting because we know trading must have a capital and for sure it has an impact to your income.
Build your capital, get your asset good and then just think to consider your extra expenses.

Jewan420

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Patience and hard work are the keys to success.

To earn from trading you will first need skills. You cannot succeed in trading with just a few days of experience. You need to trade patiently for several years to earn the amount you mentioned from trading. You can start trading with a small amount of capital in the beginning, use the money you are ready to lose. Remember, as a beginner you have to lose money and learn to trade. When you become proficient in trading with a long period of practical experience, you arrange capital for trading, and gradually increase your capital, until you can earn according to your goal.

maydna

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If the market have a good progress, you can trading in a long term and profitable. But we know that the market will always changes and many times we see the price gets the correction. That makes us to calculates and analyzes deeper to know when we can enter to the market.

Want a profit for $2,000 or $3,000 per month will be too high for a beginner because they don't have much experience and still learn more about trading analysis. But if you are a pro traders, I am sure you will gets that profit even bigger than that. You need to find the strategies by yourself and not depends on other people's strategies because you and them will not have the same situation and condition.

Lanatsa

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

When it comes to duration then this is something which is really that depending on a certain individual because learning duration could really depend on different factors like memory capability and understanding of a certain person because whether we do like it or not, people are really different when it comes to mind process on which there are ones who do learn up fast and there are slow ones. So in regarding on this one then it will really be just that depending.

The main things you should consider out is that you do make use of the amount which isn't really that big since you are just starting.You are really that still prone to tons of errors and mistakes on which it's normal that you will be losing tons of money.Also, you should be that able to adapt into those mistakes on which making it as a learning steps on making yourself more better.Key here is that you don't rush up and learn all the things that you do encounter along the way.

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Quote from: LogitechMouse on Today at 04:21:49 AM

Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Hmmm $2,000 to $3,000 per month? Yes it's doable, but you need these things.
Experience, knowledge, a working strategy, and of course capital, and when I say capital, I mean A LOT of capital.

$2,000-$3,000 monthly profit needs a huge amount of money depending on the amount of knowledge that you have, and the amount of leverage that you will be using along the way. Of course, you will not get that profit when you're doing spot trading so you will go futures trading. It's doable, but you need the things that I said. As for the strategies, there might be some here that will share their strategy, but it doesn't guarantee that it will also work to you. Trust me, I also tried mimicking the strategy in futures trading that I watched years ago, and it didn't work for me for reasons I don't even know.

Good Luck, and I hope that you have lots of capital to start with in order to achieve that goal of yours. I also hope you're experienced enough as well.

I hope for risks that you mentioned are taken into account cautiously, otherwise, even a big capital can fail to get you what you need.. Sometimes, things will go wrong when you don't feel like they will. They do nevertheless.

LogitechMouse

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Hmmm $2,000 to $3,000 per month? Yes it's doable, but you need these things.
Experience, knowledge, a working strategy, and of course capital, and when I say capital, I mean A LOT of capital.

$2,000-$3,000 monthly profit needs a huge amount of money depending on the amount of knowledge that you have, and the amount of leverage that you will be using along the way. Of course, you will not get that profit when you're doing spot trading so you will go futures trading. It's doable, but you need the things that I said. As for the strategies, there might be some here that will share their strategy, but it doesn't guarantee that it will also work to you. Trust me, I also tried mimicking the strategy in futures trading that I watched years ago, and it didn't work for me for reasons I don't even know.

Good Luck, and I hope that you have lots of capital to start with in order to achieve that goal of yours. I also hope you're experienced enough as well.

MusaMohamed

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Quote from: crwth on November 05, 2024, 11:04:54 AM

It took a long time for me to be consistent with my trades, and I enjoy monthly withdrawals with my trading. I make sure that I do my trades consistently and not make rash trades. Following my trading plan, I managed to be aware of managing my money and identifying my mistakes. This one took years, in my opinion, to see progress, but of course, I profited along the way.

If you get profit from trading, withdraw it monthly is very good. You can enjoy your life with trading profit or you can consider your profit withdrawal as getting your original trading capital back gradually. This strategy can help you to have multiple things, enjoy your life, gradual retrieve your original trading capital, avoid black swan events that can cause you big loss in profit and original capital.

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I also trade automatically with Gunbot.

If you have good knowledge, experience and can do trades manually well, you can use trading bots to increase your success rate. Because trading bots minimize emotional decisions than manual trading, so if you already succeed with manual trading, you will get higher success rate with bot trading.

South Park

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Whether this is doable or not will depend on your starting capital, because if it is small then it is impossible to reach your goal independently of your skill as a trader, but how much money is it really necessary to reach that goal? At minimum you will need between 80k and 120k, but you will have better chances of accomplishing your goal if your starting capital was something between 240k and 360k, which is a substantial amount of money and not many can allow themselves to risk so much money on the markets.

$weetne$$

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

$2000 or $3000 can be doable but it will depend on the capital that you are using for trading and the type of trading that you are doing. It might not be possible for those only focus on spot trading when their capital is not that high but for somebody trading with leverage when trading features, they can make that profit from one trade. Future trading is not for everybody because of the risk therefore we have to focus on spot trading that everybody can do with ease. You will have to make a minimum of $60 to $100 in profits each time that you trade and it has to be daily to meet up that target monthly. But it is not when you make this amount that you are a profitable trader as when you do not lose from the capital that you use but made a profit, you are a profitable trader.

crwth

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It took a long time for me to be consistent with my trades, and I enjoy monthly withdrawals with my trading. I make sure that I do my trades consistently and not make rash trades. Following my trading plan, I managed to be aware of managing my money and identifying my mistakes. This one took years, in my opinion, to see progress, but of course, I profited along the way.

I also trade automatically with Gunbot.

Faisal2202

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Quote from: a298b112 on November 05, 2024, 08:20:39 AM

well, I don't mind having even $2000 from day trading.

however, I understand it is very risky for someone who is just starting...
my goal is to make at least $2000 per month (to start with) and eventually see if this is something I can do...
I can allocate some funds for trading. BTW, I am in the market for four years as a investor... but didn't really trade

I think he mentioned day trading because you are targeting profit for a month, so either you have to trade daily or have to wait for the right opportunity in the right coin to take the right entry and then with predicted profit you can be out. I don't think we should set goals of making $2k or $3k profit in a month instead we must focus on making more and losing less and see how it turns out at the end of the month this way we won't be stressing out for not reaching the target thus we won't even overtrade too.

I am also an investor don't trade much, but making $1000 is a big deal for me even If I able to make $200 with spot trading is enough for me with no stress but there is stress in it and always be so that's why I avoid trading, but with proper knowledge and a good mentor can really help you and once you make it out please share it with us.

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle?

Trading if is not done by trading bots, will be time consuming and stressful. You spend more time for trading, you have less time for other things which are important for your healthy life.

Trading is usually unprofitable for most traders in long term because luckiness won't stand with traders all the time and in long term. To get net profit in long term, a trader must be professional and actually good in trading, and can not depend on luck factor for net profit.

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I am not looking for big money, let's say 2k or 3k per month would be enough.

$2k or $3k in profit from trading a month, it's big. It means if you can do it, you will have like $24k or $36k yearly only from trading, it's too much. Additionally, it depends on how much your trading capital is and how many percent $2k or $3k in trading profit is in comparison with your trading capital.

armanda90

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Firstly your profitable target have to earn around $2k until $3k every month depend on how much your trading capital, if you trade with less risk altcoin or keep focus investing on bitcoin only seems not get difficult set up profitable around $3k every month if you have capital around $10k. Related much profitable earn every month in bitcoin depend with how large your capital use for investing in cryptocurrency, surely not matter with short or long term target if you have big capital seems easily reach profitable around $3k in monthly.

I think current market have faster growing up and downs make easily to earn profitable in short term and bring around $10k as trading capital seems easily earn profit above 3% for every trade. But less capital should be more patience waiting for earn much profitable in monthly and seems need to be long term holding to earn much profitable.

Apocollapse

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Quote from: a298b112 on November 05, 2024, 08:20:39 AM

well, I don't mind having even $2000 from day trading.

however, I understand it is very risky for someone who is just starting...
my goal is to make at least $2000 per month (to start with) and eventually see if this is something I can do...
I can allocate some funds for trading. BTW, I am in the market for four years as a investor... but didn't really trade

Investor and trader is very different.

If you can be an investor for four years, it means you have a good patience and you not really care with the price.

But, when you're become a trader, you're forced to check the graph every minute or even every second, you might lose your patience as well. Not all people can become a trader, but you can give it a try.

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I'm not sure that successful traders will tell you, OP, their strategies. I think there is no doubt that such people exist, but the fact that you will get free lessons here on the forum is nonsense. I think that trading is not for everyone, and your ambitions should be complemented by the zeal to create your own experience, which will certainly have a lot of losses and mistakes.

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Honestly, I spent months learning trading and understanding market behavior. Even though I’ve picked up some insights, it doesn’t mean it’s enough to be profitable—I still need more experience to build real confidence. In trading, it’s not just money on the line; experience and strategy play a huge role. And let’s face it, none of that is easy, especially when it comes to technical analysis. Trading isn’t for people who want quick cash, and it’s definitely not for the overly emotional. So before diving in, ask yourself if you’re truly ready—so you won’t end up with regrets like others have.

Alone055

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Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

The amount of profit you can get from your trading activities depends on your expertise and the capital you are using. If you ask whether there are traders who gain constant profits, I would say there are, but it's more like both profits and losses the net outcome will be in profit if you are someone who understands the market very well and has a budget that allows you to make trades every time there is an opportunity even if some of your previous trades are still stuck.

Some people earn more than that amount in a day, they have large capitals, understand the market very well, and have a lot of knowledge and experience in trading. To reach that position, you will need years of hard work and dedication, knowledge and experience are the only things that can get you that far apart from your investment amount.

Looking at the long term picture, you shouldn't worry about short term gains which means that if you lose some money, you shouldn't rage quit trading but learn from your mistakes and work on them. That's the only way for you to progress further.

Topic: if you are a trader, how long it took for you to become profitable trader? (Read 157 times)