Topic: Indicator for good daily trading performance? (Read 591 times)

That is precisely the issue, many people come to this market thinking they can get huge profits, and they can, but how likely it is they will actually get those profits? Even 20% per year in traditional markets is huge, anyone that can do that could command hundreds of millions of dollars and could get investors knocking at his door 24/7 for those kind of gains.

This market can offer even bigger profits than that but it is not something that can be sustained year per year and the issue is that when people see this they decide to use leverage, and while this can increase their profits this also increases their losses and when the loss comes to happen they are completely unprepared and the hit their capital receives is so big that no matter what they do from now on it will be impossible for them to ever recover the capital they have lost.

Well, 1% for me is okay. We should not be greedy for getting some profits. It may lead us to huge losses if we keep grasping for profit. But if we want to earn much more than 1%,  we could use some trading algorithms like Mudrex for us to have better trading strategies.

Previously I was not a good person in day-to-day trading so I often opted to keep it long. However, in recent times, when the market has developed very well, sometimes I also participate in daily trading. There are some days when I can make 1-2% profit, some days I get higher profit but not much.

do not consider what you are doing right now is very easy. Trading is not that simple. There will be many obstacles that will keep you on your toes. Currently the market is still in good shape so the altcoin has reached its new ATH and is still in an uptrand. You have to be alert when the Downtrend has arrived. being a daily trader must be vigilant and must be precise to buy and sell there must be a target that must be achieved.

Actually 1% is really good because if someone is constantly earning 1% daily that basically means you can double your capital within 3 months which is quite amazing to think about. In an year that means 16x your money, if compounded earnings, which is really crazy to think off.

One thing you need to always analyze is that the earnings from trading are happening because of your decisions instead of luck because there is a big bull run market saw this year so I am not sure if 1% earnings reflect your ability to trade or just the luck you had during the bull run which the crypto market saw in recent times.

If you can hold a daily performance of even 1% you're an excellent trader. That would mean a 30% monthly gain, which is ridiculously high. Most professional traders who deal with wealthy clients or corporations can't promise something like that on yearly basis. If your brokerage gives you 20% a year you're doing great.

So, don't be greedy. Even 10% a month is great. Just note that 30% a month in a bull market where holders can make it without lifting a finger is nothing special

No indicator would really be giving out that precise results  or could predict on when to get out and on when to get in but this is much better that have no basis at all.
When it comes to gain talks then percentage gains will be really significant basing up on how much money you had invested in and as you mentioned
1% gain on having big capital or allocated is much better rather than on 5-10% when you do just put up a small one but well it doesnt matter
because gain is a gain but if you do really like for it to be felt on significant then you would really be needing to invest more into your position.

That is the only conclusion that I find myself for the results that we find in the poll, people are using leverage not realizing how dangerous it is, using leverage when the market is going up makes it seem as if you are a genius because you're earning a lot of money and it seems as if the profits are never going to end but then the market inevitably makes a move against you, and it doesn't even need to be a crash if you're using leverage any significant correction is going to be the equivalent of a crash and then they lose money.

And if they just lost some of their capital then whatever risk that they took will be fine as they will still have profits, the problem is that as soon as the market turns against them they lose everything that they had because they were using a very high leverage without any stop loss and they get destroyed by the market.

I think this is good comments for you. Yes indicator is not everything at all. Sometimes indicator gives us wrong information so that market can turn suddenly. But your daily profit good or bad depends on how much money had you invested into market. If you invested very small money 1% or 5% can not be good though its very taff to get more. But if you invest big amount your 1% will be benefited. So its fully up to you.

Hah, you are right, money is made in nothing. In reality, new product isn't created in trading, you just sit at home on your computer and buy low - sell high and enormous amount of money is made. But it's as risky as easy it looks.
Don't feel confident because you profited, be as cautious as you were before, the more confident you are in trading, the more riskier your become and there is a high chance that you'll end up bad. When you'll see a 5% decline in capital or even more, more likely you'll do risky movements. Always be extra cautious!

An indicator of good day trading is the high volatility of coins, this is the brightest indicator for entering trades and fixing profits on the exchange. Everything else fades into the background, without volatility there will be no profit.

True. As a beginner if you don't lose in trading and maintain your invested capital even that is fine. This is my learning from my long experience of trading in Stocks, Commodities , Forex and crypto currencies. Beginner's should learn Technical Indicators before they jump in any trading activities. I use MACD, RSI and Moving averages Indicators to make entry and exit. I found them very useful trading Tools.

1-2% is great and if you can do this everyday you would be a billionaire in no time pretty much. The key is to be consistent. I looked at the poll and apparently tons of people make between 2-4% per day which tell me one thing. People are way over-leveraging themselves or they are new traders who started to trade in the last 3 months.

What people don't realise is that markets are usually not this easy to trade. You can buy anything these days , whether its crypto, btc, alt, stocks and chances are you will make money. However eventually the markets might get choppy and that is when most people are cleaned out. The worse are choppy markets, even in bear markets you can make money however most people end up losing everything during sideways trading where its difficult to get a sense of short term direction.

While I was aware of the gamestop drama that has been all over the Internet I was not aware of this person in particular but it makes sense as the same is happening in this market, people are complaining they have to pay 38k for one single bitcoin when others had the opportunity to buy it when it was worth less than a dollar and they think it is unfair those people get those kind of profits.

But what they do not get is that those people invested in bitcoin when almost no one knew what it was and it was not clear if it will succeed or not, when at this time I think it is obvious bitcoin will in fact be valuable for decades to come and it is going to be one of the strongest currencies of the world so it is obvious they should not get the anywhere close to the same profits.

I want to tell you thst as a beginner if you make daily 1-2% form you crypto trading then as my opinion it is very good profit for you. I think you achieved a very good knowledge about crypto currency trading, becouse without any proper knowledge nobody can't make daily good amount from crypto trading.           

You are well doing performance in trading so you can actively doing the same job, you will understand the further tricks of trading. I am not a day trader and I have good experience in trading platform, so I am always plan for midterm trading and I know to stop the loss in everyday. But If you want to know about the active indicator you must join some active telegram groups that is more convenient to play the trading.

I tell you now that you are doing so well. I've found that you have such passion for trading and that a 1-week trading experience gives you many things to learn and able to correct mistakes. This is an indication that you will succeed, but there is one thing that you need to win is to control your emotions. This is the hardest thing to do and this is also the common reason why many traders had fails.

If you got a stable daily profit at 1-2%, you are exactly moving far day by day.

I guess my daily performance in trading below 1%. I do not use daily trading, but I see the market move first before I trade. If the market can move good, and I got the feeling to trade, I will enter the market, but I do not use too big money, as I do not have many trading skills. So if my daily performance can reach 0.5%, that will no problem for me. After all, monthly, I guess that percentage can be bigger, and if the market can moves stable with up and down in the price, I think my profit will be enough for me.

For me it's more close to 2-5% on average lately but it wasn't anything close to this on bear markets that we had before, so if you just started trading in this green market, then don't get overexcited and manage your risk properly by using stop-loss and take-profit whether you're trading altcoins or Bitcoin, because you never know when the whole market is going to turn red and start correcting which is inevitable in any market for a healthy price action.

It's really easy to make money in this market and if you look at the daily USD/USDT chart for any altcoin or even Bitcoin you will see that it was mostly just upward movement with very small corrections, and that means you can not just go wrong in this market and even if one/two day/s you happened to be in red, there's a very good chance if you wait it will come back up.

That's mainly why I think the best time to start trading is not in bull market for beginners, trading on bear market makes it just too easy for you to trade in this market since you've seen the worst that could happen while trading carelessly, but then again it makes you extra careful at all times that could be bad on bull market(missing out on profits/risky trading opportunities) and could be good on bear market(because it's way too unlikely to find good trading opportunities then).

Good performance for a start in your trading journey however consistency in making profits will ensure your success in a long run although some losses will be incurred a long however your money management coupled with your trading strategy which I believed has a good risk to reward ratio will bail you out of your losses and if you can compound your profits then in a long run you will earn massive profits, there is a thread here link; https://bitcointalksearch.org/topic/--5308896 which can motivates other traders the OP is aiming to make a profit of $80000 from an initial investment of $100 for trading this year.