Topic: Indicator for good daily trading performance? (Read 601 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.

That is not an expert trader then, it is more of a coward trader that doesn't have the guts to risk even if he knows that he/she can beat the market. Yes, you can get a steady profit but where is the fun in that, are you really alright with just getting 2% when there are opportunities that you could have get a 10 or a higher percent. I would say that an expert trader is not someone that only has a consistent performance but someone that also sees the opportunity as to when will he/she get a big profit, so in essence, an expert trader should be a mixture of opportunist, smart, and consistent.

I'd actually say that those are pretty good. Most traders actually end up even or even lose out by 1-2% most of the time imo, a person who profits all the time seems to be quite the trader and is staring at the market candles all the time. There's also luck involved ngl, but hey, I wouldn't diss on your effort through the use of saying your profit was due to luck.
Glad that you had a profit after a month. I'd suggest taking a break since having such positive results may end up in you going overboard at times and may end up in you losing everything all at once. Maybe try a demo account, and widen your portfolio for your real money and try out strategies with the demo account.

1/2% is not bad.
Every profit is good untill you are facing losses. The long you trade the more you learn.
Never take your losses as a failure instead take as leasson.
Many new ideas will come up to your mind day by day. If you can implement these ideas in reality your ROI will  increase gradually.

1-2% daily isnt really a bad figure but it wont really be that something worth of if you do have small capital yet those profits wont really be that significant for you to mind off
but if you are still on the process of learning and tending to gain constant earnings into those percentages then its up to you if you do decide to make your capital even way
more bigger to feel of that 1-2% then its up to you but be sure that you are aware on the risk equaled to it and also, dont just limit nor stop on getting those profits
in daily basis, try to increase it even way more higher but this wont really be a simple one.It takes time and patience for you to reach out that extent.

1 to 5% daily is not a bad one, you can be making good amount of money with this percentage. Although I don’t think that trading is as easy as you have stated in your last paragraph, I have still seen people who are struggling with it despite that they have learnt all that they are meant to learn, but they still can’t find a way to make good profit, while there are those who are making profit to the extent they have decided that trading will become their day job and they even go ahead to quit their jobs from offices.

To achieve something you have got to commit time, hard work and lots of money, if not it’s going to be a waste. So, if you’re able to be getting 1% or 2%, that’s good, in a month you round up with 30% to 60%.

That is the real problem with those type of situations, only seeing the end result. For example very recently there is this GME stock and reddit situation right? There is this guy who invested 50k into gamestop back in early 2019 and he has been holding it forever and keeps buying calls with his profits and he has a long thats forever basically without a time end, and he turned his 50k into 35+ million dollars. Now when someone says 50k to 35 million dollars people think that it is luck, or it is just as easy to do that if they bought some as well.

There are so many people who buy GME now and they hope to get rich from it as well just like how user "deepfuckingvalue" did, but the reality is that this dude figured out that this coin would go up a lot waaaaaay before anyone did, and figuring that out and putting 50k on it 2 years before anyone else did is a marvelous move that nobody else could have done. Hence they see the 35 million and they think they could do that too but in reality very few people have the talent and courage.

in fact you can earn more than 2%, if you trade spot within 1 minute, using fast style trading. although it has a big risk. well that's the risk, but you don't worry, you can master it a little bit if you really actively trade daily. gradually you will understand every movement of each crypto, because you trade daily, then you will get used to the movements from day to day.

I'd say you really have talent on trading and you even find it easy when others struggling on their trades. Anyway, 1-2% profit is good and you even managed to get profit in every single day, that is a good start. It seems you are on a good track and I hope you can maintain it. But bear in mind just stick to your strategies or plan and avoid being greedy.

It still depends on your performance though because let's say you were trading a lot but it is not certain you will always win, there will be a time you will lose, and that will be deducted from your total profit. Trading was also more exposed to the risk. While HOLD will sure take a lot of time for you to get a decent amount of profit but it will be at low risk. So if we will analyze, aren't they will yield the same outcome. Yes, it would not have the same amount of profit but the gap wouldn't be that far.

One week is nothing. Imagine you play golf for one week. And its surprisingly easy. try to do that longterm to compete with the Tiger Woods of this earth, and soon you will learn what it means to be a golf player. You can basically use every other sport or activity and replace it with golf in the previous sentence.

The hard part is when you don't make money. When you have a loss. And another one. Once the third loss in a row is there, you will be down to the floor. You probably end up doing one of those "I will get everything back with this one perfect trade and lose even more.

Why is trading BTCUSD so easy these days? Because it has a nice trend. go back in the charts, when the price was between 6 and 10k. Going back and forth... That destroyed many traders I know. I wish you all the best.

Imho, if you do 1% a day, and can keep on doing this, it's amazing. that sums up to 250% a year, actually more once you include compounded interest. you will soon learn in case you could continue like this, in one year you should be a millionaire. Then again... Why is not everybody a millionaire?

I wish you all the best in your journey, for me, even 2-3% a week is considered a good week. A month with 10% is a great month.

Not bad, and actually to say you that you are lucky to have that profit every day while the others are struggles to earn a few sats in trading. You are already on the right track, you can improve that in the future if you will keep that strategy.

If you are adding more into your capital, expect your profit to grow because that also a factor. Big capital, big gains but it also has a huge risk. But for you that have already the system used and have an effective strategy, it is no longer be a problem. You only need to stay on track and avoid too much greed.

Binance is a nice place to start for beginners because it gives traders the confidence that their funds are safe. Nothing discourages the mind as uncertainty.

Hodling doesn't task one's brain on any rational or irrational moves to make while trading throws in all that. You're absolutely right. It's easier to grow tokens through trading but there is a high risk of also losing the token when price surges and never returns to the sold price. This is what scares a lot of people who tag themselves hodlers. Otherwise, nothing stops a hodler from offloading once he observers a dip ahead and then rebuys later. But it's a twist and the hodler may not be able to regain the opportunity. Of course, everyone likes for the quantity of whatever token/coins they have to increase in quantity too but it isn't an easy thing to do.

First of all whatever profits you are having it cannot be considered unfair, those people that say it have never risked a dollar in their lives, you are taking a risk and the bigger the risk the better the payout, people see others making millions and they only see the end result but they never see all the money, time, energy and planning that goes into getting those millions.

Second, you are making good profits already, if you can maintain that progress, something really difficult I must admit, then you will become wealthy over the long term, do not fall in the classic mistake of trying to chase more profits to accelerate the process only to make a mistake and cripple your account to the point that it is almost impossible to recover from it.

It always depends, you see our goal  of 2 to 5% profit a day will be hit easily for today but since market is so tricky therr are times that we made a profit today but will be deficit and loss tomorrow. My point here is having a % profit in a day always depends on how many times you wanted to achieve it. Sometimes we tend to set amount percentage but still wanted more.

On the other hand, a profit target set is a great practice where in a trader will have a target goal that should be reach in trading. As a tradee, it is always good to properly exit with good profits.

An expert trader doesn't mean that they made 10 % per day or so , an expert trader mean 1-2% per day but months or years of consistency like that

It’s good that you’re able to make profit easily from trading, it’s not the case with other traders, it’s difficult for other traders here and a lot of them are losing their money. If you’re really making around 1 to 2 percent every day as you have said here, that means by the end of every month you will be having like thirty percent and up to sixty percent, that’s really good, and depending on how much you’re really using for this trading you’re going to be cashing out if it’s big money.

Anyway, however you’re doing it, it’s good, never forget the risks and keep doing your great job. I don’t really make that much and I am not steady into day trading.

I was quite enthusiastic after my first week of trading, now I have one month, my profit is 21% (monthly), is it good? is it bad comparing to your own performance?
I made mistakes, I'm curious if there is still place to do other type of mistakes in the future I am about to discover
I hate when I type the wrong buying or selling price for my orders
The most painful mistake was that I waited for less than 200USDT increase before filling my selling BTC order when BTC reached ~40k then dropped by 20%...

If you are new, I would advise you to not get hung up on numbers, because you can't always get the same numbers. Just like others said, the best you can do is hope for a good return, and just let it be. Nobody in the world makes a sustainable income from this, sometimes I make 10% return, sometimes I lose money, it is never the same amount every single day.

Now that we know some days are profitable and some days are loss, we have to take a look at averages, because you may make money on averages and if by the end of the month if you have 30% return you can say 1% average right? Well, that is not how it works, because some months are better than others as well, hell some years are better than others, and this is not an overnight success deal neither, we are not talking about making money in a month and getting rich. So long story short, just do what you can do, try to make a profit, but do not get hung up on numbers.

Well there’s no competition in the market and you only need to focus on improving yourself in trading because this market is too volatile to relax. I make at least 5-10% monthly and this is my goal since I don’t trade everyday and only execute my trade when I see opportunities. Have a good strategy mate, and stay focus on your own goal just don’t mind other traders because we all have our own different trading plan.

I am not a regular daily trader. I mostly trade futures when there's a bullish/bearish trend. Volatility seems up at such time and therefore its' easier to make profits for even small price changes.

On 5x leverage, I do make  more than 10%of my position value in a matter of minutes or hours and i call it a day with just a 2% price change in an asset. For 10x, I just look for at least 1% asset price change

I would say keep trading with Real money but keep your position sizing small.  Demo trading doesn't help much as you won't learn anything without "skin in the game"

I hope you are not trading with real money. If you are, withdraw them immediately and start trading on a demo account for the next 3-6 months, but treat those funds as if they were yours (real).
You might be on a winning streak if you're trading only for a week. This is the most dangerous state of the mind - being euphoric and thinking you are making money like a money printing machine.

I don't contest your skills, you might be a natural - but you would be the first one haha. Trading is anything, but not easy, especially for a beginner.

I was really curious about others' performance (I like challenges, I like contests) for me this is just a new hobby now. It could be just beginner's luck, we'll see.

Wouldnt  matter if he would particularly wait for those right days because you can actually get involved on everyday basis without minding if whats the current  trend.As long theres volatility
then that would be the most important thing for you to make profits.As long as it moves then you can possibly make money and its really good to know that he do able to make gains
in spite of that situation.@OP, dont get not to be contented because not all are really having that kind of gains from time to time.We do even struggle to be sustainable on getting profits
and just be grateful that you are doing well against with the market and not all are really having that kind of capability when it comes to trading.

Trading is more efficient than holding, the more you trade, the more profit, that's mathematical view I see applicable now.
Assuming the BTC will go down and you don't have any stop loss limit set to convert to stable coin/fiat how you can secure your profit from holding?

I'm new hence I open this topic to get feedback... from my calculation with 1% per day profit you can get 100% of your ROI in about 70days. I'll post here once I'm reaching that so we'll see if your annual calculation for some individuals can be true

I don't trade every day, my trades are mid and long term more, so I am just checking my orders from time to time and make new ones, so I can't exactly calculate what's my daily average! But I voted foo option 3 between 2-5%, I think I am somewhere around those numbers!
We all see what's happening with the price last weeks! Now the profit that we're booking are higher, a lot higher! Now all indicators are going crazy, and this is the second time for me to see this, the first time it was in 2017!
If you are good with 1-2% continue with that, you are not far from anyone as long as you are making profit! There're no experts, there are people who make a lot of money, but they have a nice bankroll! So build your bankroll and continue with trading that brings you profit, slowly and steady build your capital and 1-2% will be higher and higher over time! I wish you luck and profit!

This may be useful or can easily to get for some daily traders or full-time traders, but it is still applicable if you just get the average.
For OP, I am glad your keep tracking your trades and assessing your win rate, this method may help you to become more skilled trader and responsible too. By this method also will help you for risk management.
Here's quick tip, you can maintain that win rate for daily, minimize risk, maximize profits.

It doesn't matter if you do gain 1-2% daily because anything that is green would be considered to be a good indication that you are indeed doing well.

Im amazed that you had been doing this for a short span of time and saying that it is just easy? Not all would really be having those kind of words because trading is never been easy.

Just continue on what you are doing and making profits is the main goal or target which you are still constantly been doing.

You are doing good job and its very good for beginner as you are taking profit 1 - 2% daily but good thing is you need to be cool mind and keep your straitgy working because any bad slump can hurt you just invest which you can afford to lost never keep all eggs in one basket because its also never been good idea enjoy your trading and keep post here about your adventur and expereince because many others also can take something from this all.

I use Binance as it was recommended here

I am not an expert trader and neither I trade cryptos yet but I think 1-2 % is excellent profit.  If you can make 1% on a consistent basis and increase your position size as you go, you will be super rich .
If you don't mind me asking, what broker do you use for trading cryptos?

Hello guys,

I'm quite a beginner in crypto and I have about one week of trading.
I find trading quite easy, I managed to learn from my mistakes and observed different market patterns.

My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders

I created a poll if you don't want to share your experience, in case you suggest new options, please let me know.

I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair