if you are a trader, how long it took for you to become profitable trader? - page 4.

stomachgrowls

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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?

$2-3k per month is doable but actually it wil be depending on some factors like risk: reward ratio thing on which will be basing up with the trading capital you do have. You are the ones will really be making out those adjustments and make out some strategies on how you would be handling your trading on which this one will indeed vary on how you would be dealing up with things. Learning process will really be just that different into each individual on which there are ones who are fast in learning things and there are slow ones. There are even those type of people who are really that having some behavior like gambler on which these fellas doesn't last up long.

Just piece of advise is that you shouldn't really that make yourself that rushing up on making money with trading because this brings up that kind desperation which would lead into disaster of your trading capital. Take it slow and don't push up yourself too much because learning process takes time and effort. Doing things in rush will be just that resulting into disaster so better learn up things according to the experience that you do encounter.

Dewi Aries

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You just read and that's why you say that long term trading is not profitable, making a profit of 2-3k per month is possible but it also depends on how much capital you bring and also depends on how much knowledge you have, I would even say that you can get a much bigger profit than that if you have more knowledge and the ideal amount of capital.

On the other hand, is there a strategy that can always produce the amount you mentioned? Yes there is, there are even some traders who can produce more than that every month, but I would say that every trader has their own favorite strategy, a strategy that is profitable for you does not mean it will be profitable for me, every strategy has its advantages and disadvantages and if you have a strategy that you really understand about its advantages and disadvantages then keep using that strategy and if you want to get a profit of 2-3k then I think you should have a capital of at least 50k, and that success still depends on how good your risk management is.

Ricardo11

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Quote from: xLays on November 07, 2024, 10:46:00 AM

Even if you've been trading crypto for a long time, it doesn't guarantee you'll make a profit. The market is unpredictable, so you can still lose money no matter how much you know. Being careful with risks and sticking to a plan helps, but there's always a chance things won't go your way. It's is like how gambling works, you bet you win or lose.

Yes, I also agree with you, crypto trading works like gambling in many cases, because many times we do not get the right results even if we research the market well and trade, because the market moment comes at the last minute and changes its movement. And the market price goes up or down beyond our expectations. However, if we can trade with complete market research and proper analysis and proper strategy, then we can reduce the chances of losing money from trading to a great extent. Because with little knowledge, you can never make money from trading, it will only lead you to disaster.

xLays

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Even if you've been trading crypto for a long time, it doesn't guarantee you'll make a profit. The market is unpredictable, so you can still lose money no matter how much you know. Being careful with risks and sticking to a plan helps, but there's always a chance things won't go your way. It's is like how gambling works, you bet you win or lose.

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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?

Long term or you mean shorter term? Well, I am old to understand that the more you engage in this market, the more you experienced it and the more you get way to make profit from it which means the longer you trade, the more money you are likely to make provided that the market is bullish. There are days you don't make anything when there is bear market and there days you will make more than your expectations, market can bless you beyond your imagination.

Your profit is directly proportional to what you order looks like. If you buy a coin or $4k and you have a %50 candle, you are definitely making $2k and much more but there is no way you are going to make 50% directly from a single tradde. If you can make %15 weekly, then it's very possible for your to make that amount a month but the market has to be bullish and you have to apply caution, there is more to lose and there is more to gain if you play your cards right.

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Quote from: Pandu Geddon on November 07, 2024, 09:23:37 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?

Maintaining consistent profit in trading is quite difficult. even if you are quite professional, what you might do is reduce the risk of loss. that's what you have to do, losses are inevitable in trading. but those who are more experienced have ways to minimize their losses.
Minimize your risk and don't be too fixated on numbers that are too high. such targets can make traders too brave to pursue profits. of course, all traders want to profit but pay attention to how you manage your finances and trades well.

Yes that is true, and even when we try to take a little profit but we want to be consistent it is not easy to do. The market moves all the time and sometimes the market is not friendly and has to change in a fast time so what we analyzed before must not work well and we have to do another plan, and that's when our risk management will work. Even a professional sometimes has to face a very unfavorable situation and that's trading, we can't always get profit therefore we have to be prepared for losses. I don't think we can say that it can or not, what is clear is that we have to be prepared for all the risks that exist.

Pandu Geddon

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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?

Maintaining consistent profit in trading is quite difficult. even if you are quite professional, what you might do is reduce the risk of loss. that's what you have to do, losses are inevitable in trading. but those who are more experienced have ways to minimize their losses.
Minimize your risk and don't be too fixated on numbers that are too high. such targets can make traders too brave to pursue profits. of course, all traders want to profit but pay attention to how you manage your finances and trades well.

bettercrypto

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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?

It took me a long time before I really learned to do trading properly and correctly, and it was not easy to tell you frankly. Although I still can't consider myself an expert, but I can be an iconsider, maybe I can make a profit every week trading here in the crypto space.

But I'm not yet at the point where the profit in trading is around 2000$-3000$ because honestly that's not easy to achieve in this era. I just don't know about you Op, maybe you are an expert that's why you can say the amount you want to profit. But if you say you're a newbie and that's what you want to profit monthly, it can be said that if you study first, there is no shortcut in trading.

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Quote from: EL MOHA on November 06, 2024, 09:48:44 AM

Quote from: maydna on November 06, 2024, 07:06:28 AM

~snip~

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.

No, the investor will not worry much about Bitcoin direction because they hold for a long term. They will not sells their Bitcoin if the price is not reach their price. But for traders, they will needs to check the market moves and know when they can enter and exit the market. In this moment, traders make a big profit because the price can moves good so far so I am sure they will still watching the market and will determine to enter and exit the market over and over.

Quote from: EL MOHA on November 06, 2024, 09:48:44 AM

Quote from: maydna on November 06, 2024, 07:06:28 AM

~snip~

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

It is better you setting a profit target to sell so you will not that chance and can make a profit. But if you prefer not to setting a profit target, that will be up to you because we have our time to sell our Bitcoin. If he can use the capital properly in trading and he can analyze better, he will make a profit as he wants but he must know that the market can not moves as he wants so he need to adjust his analyze.

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Quote from: tvplus006 on November 06, 2024, 05:00:34 PM

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

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

It all depends on what your initial deposit is. You can easily earn 2-3 thousand dollars a month if you have a large deposit, which amounts to tens of thousands of dollars. But if you have only 1 thousand dollars, then it will be almost impossible to achieve such a profit.

Yeah, I agree that it's doable - but no matter what the deposit would be, a person should start low Grin

Many sessions need to be done in order to then be confident in what you are doing and what targets you've got set.

fikrett

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Quote from: Sebas.tian on November 06, 2024, 10:38:21 PM

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?

If you read wrong thread or books that are not related to cryptocurrency trading, it will be difficult for you to maintain a steady income in the market, because you don't have the knowledge of cryptocurrency trading that will allow you to start making $3k or $2k monthly from the market.You can make 3$ or 2$ monthly if you can apply short term in your cryptocurrency trading, because there are some potential cryptocurrencies you will trade in the short term and it will bring you more than that amount to you . Most of the profitable traders in the community make their huge amount of income from long term trading, because it allow them to monitor the price of the market to know when to trade to make what they have never make before in cryptocurrency trading which is the major strategy professional traders are using to remain profitable in trading these days.

It's either you live when you trade, and you dedicate yourself a lot to it - especially in short-term trading or scalping - or you get rid of your bags in some sessions due to stress/load of info / etc.
Only with lots of effort such a hustle can be worth it in the long run.

betswift

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Quote from: Wexnident on November 06, 2024, 09:08:26 PM

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

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Purely from trading? If you have a big initial fund then I reckon that amount may be possible. But if you're trying to go for it with just, say at the minimum the same amount (starting with just 2k) or so, I don't think it'd be possible. Losses ARE a part of trading. Especially so if you were doing short term trading. A lot of profitable traders come from either having a lot of money you trade in the first place or doing long term trading. At least in general. You can try your luck and it can work, but only sometimes. Seeinga s you want a constant money, I don't think that'd work for you.

The most important thing would be to manage the risks, so that even if the session didn't reach the targets, you would have other possibilities to try your strategies out.
Otherwise - it was all for one big bang.

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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?

If you read wrong thread or books that are not related to cryptocurrency trading, it will be difficult for you to maintain a steady income in the market, because you don't have the knowledge of cryptocurrency trading that will allow you to start making $3k or $2k monthly from the market.You can make 3$ or 2$ monthly if you can apply short term in your cryptocurrency trading, because there are some potential cryptocurrencies you will trade in the short term and it will bring you more than that amount to you . Most of the profitable traders in the community make their huge amount of income from long term trading, because it allow them to monitor the price of the market to know when to trade to make what they have never make before in cryptocurrency trading which is the major strategy professional traders are using to remain profitable in trading these days.

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

~

Purely from trading? If you have a big initial fund then I reckon that amount may be possible. But if you're trying to go for it with just, say at the minimum the same amount (starting with just 2k) or so, I don't think it'd be possible. Losses ARE a part of trading. Especially so if you were doing short term trading. A lot of profitable traders come from either having a lot of money you trade in the first place or doing long term trading. At least in general. You can try your luck and it can work, but only sometimes. Seeinga s you want a constant money, I don't think that'd work for you.

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

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

It all depends on what your initial deposit is. You can easily earn 2-3 thousand dollars a month if you have a large deposit, which amounts to tens of thousands of dollars. But if you have only 1 thousand dollars, then it will be almost impossible to achieve such a profit.

Franctoshi

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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?

Op, there's no guaranteed daily profit you can earn from trading each day, as you don't control the market but market makers. However Properly do your analysis ,then open your system and take the trade, it a two way thing, either that the trade goes in your favour and you profit or you hit stop lose. Trading is not something you hope on to make regular profit if you're a beginner, You should have other things you are doing aside fron trading.

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Quote from: mirakal on November 05, 2024, 08:34:49 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?

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.

Each aren't the same. I mean, some can quickly adapt while others takes time but that is better because at least we see their willingness in the game. I think confidence is just a mere confidence. Having them don't mean that you will now be doing the right thing. If they ever they have an advantage, I think it is we can do the thing that we are planning right away and we won't think much any longer. So I guess, it is still better and we can still learn from our mistakes, right? So, time will come that we will now be better and more snappy on our craft.

Trading is actually all about money, I mean this is our reason for being present here, though we also need other things too because if not, we may not make that money that we are always looking for. If there is easy in trading, I think that is if we will only rely on someone else. There are signal groups and there are copy trading. They are not only free though most of the times and the risk is high because there could be scams there, so we might only waste money and time, therefore it is still better to just rely only on our own ability. There is only delays at the start but as soon as we grasp things, trading literally can give us a quick cash.

EL MOHA

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Quote from: maydna on November 06, 2024, 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 November 06, 2024, 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.

Topic: if you are a trader, how long it took for you to become profitable trader? - page 4. (Read 973 times)