if you are a trader, how long it took for you to become profitable trader? - page 8.

maydna

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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.

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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

~

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.

Sebas.tian

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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.

Wexnident

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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.

tvplus006

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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.

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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.

fikrett

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Quote from: LogitechMouse on November 06, 2024, 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.

Quote

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.

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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.

Topic: if you are a trader, how long it took for you to become profitable trader? - page 8. (Read 1864 times)