Is 5% daily in crypto trading possible?

clrpod

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Quote from: fat buddah on January 22, 2018, 01:49:35 AM

It clearly depends on how are you trading after all, and if you are doing your trade during a good day when everything is on green numbers. If you are trading RIGHT NOW, your balance will be a bloodbath.

Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

I think that's the skill of it and I feel as though many of the responses are people who get carried away in the good times. I think you'll really struggle to find someone who has made 5% daily over a year or more and especially if it's compounded. By that I mean say you start with $1000, next day you make 5% on $1050. 5% on an initial amount is possible but I don't feel like it is on your starting daily balance.

yanto@1977

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Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Everything is possible but you should be careful because real market has their own answer. I'm agree with 5% but not daily, more prefer monthly. If you can 5% daily I believe you're already rich, but I can say 5% daily is difficult. Think again, 5% a month more easy than a day. If you success with that step just raise your fund and enjoy the profit.

erickkyut

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Yes it is possible. In fact, some traders are earning more than 5% daily. In order for you to achieve it, you must be really knowledgeable about crypto trading. Trading cryptocurrencies is not like the usual trading. It is very volatile. Crypto trading is 10x riskier than trading stock market. For you to earn 5% daily, you should know the basics of crypto trading and knows how to read the market.

rudolfaxl

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Yes it is possible. But in order to receive such a profit you must be an experienced trader. Sometimes you will sell a coin with a profit above 5%, sometimes lower, but on average for a month you can get that profit. But do not believe those who say that it's easy to do.

fat buddah

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It clearly depends on how are you trading after all, and if you are doing your trade during a good day when everything is on green numbers. If you are trading RIGHT NOW, your balance will be a bloodbath.

Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Master_noder

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it depends on the market situation. If everything's going up, it's 100% possible

coynedterm

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Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

In this world nothing is impossible because here we just need to do work with better stretagy and better understanding only .
Here personally I am not making 5% daily but still making more than what I can make in 5% daily , I mean daily % of profit is not sure .
And we need to make attention in the market carefully , sometimes it happens that we came across those conditions where we remains in the condition to make nothing in one to two week but at next day sudden to make 100-200% profit easily .
So don't go for the daily basis profit because sometimes market can dump badly for long time and also can pump after long time , so working is important than to have daily profit with is only our will .

pikebu

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Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Of course yes, if you want do trading altcoins and make target 5% daily profit from trading. But remember you must follow the condition of markets if the trend of price is down never entry the markets and if the trend of price is up, it is time for entry the markets buy and holding the coins, you don't just follow the target of profit but you also must have planning of trading.

Haunebu

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Quote from: Emilyearl on January 21, 2018, 05:17:00 AM

Yes it's possible. It will take quality studying and researching. You can even make more even in a bear market, 30% Daily is possible. All that's required of you is to develop good trading skills, commitment and persistence. Be good with technical analysis and be also in sound with market psychology.

30% daily? Really? This is bad advice people. Bitconnect and many famous lending programs similar to this one promised a constant interest rate everyday and everyone knows what happened to them. Many people that I know got scammed and lost huge sums of money because of such lending programs since they were gullible enough to fall for such schemes. A guaranteed interest rate in this extremely volatile crypto world is insane.

Many youtubers earned huge sums of money by tricking people into investing their money into such programs which is smart, but disgraceful too. Do not depend on constant interest people and expect fluctuations.

JungleOnion

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You can do anything with bots, so of course a 5% is possible, the bigger your position is. maybe not daily but you can some days even get more % or sometimes even less. Its not about the more you trade the more constant profit you'll receive but is about timing your trading right.

Lord casanova

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by making a good portfolio it will be possible to make 5% profit but I doubt you can not make 5% daily throughout the month.. market is still in dip and it is a good time to buy dip you can make 50% on certain coins

shiningstar

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Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

It's possible, in fact it's quite small especially if you have a lot of time to trade. As long as you know how to trade then it is certainly possible to get that amount daily, crypto volatility is really good so you can achieve that number in one or two trades. I get above that number trading daily in the past two months.

Kolokoy

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Quote from: heisenberg0000 on January 22, 2018, 01:13:48 AM

Quote from: Svelto on January 21, 2018, 01:45:51 AM

Yes, it is possible to have 5% gain everyday if your trading skill is good and have time to research on the market daily. If not, you are better off holding on the coins and generate a lower gain.

Yes this is possible, I think the closest way to attain this is via scalp trading. I know some people in the crypto community who does this. This may take a chunk of your time within the day but if you focus all you have in it, the returns are quite big.

It's impossible for casual trader to get rid kind of profit everyday because you need to figure out which one is better than the other coins and you should know its gonna dip and pump so that you could get target profit a day.
Skilled traders is 5% is to little, they could even get more and sometimes none.

mrproblem

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Quote from: Dydot on January 20, 2018, 01:03:12 PM

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Actually from my experience as a day trader I can say that my average for days in november 2017 around 4% , december 2017 is around 7% 2017.
For 2018 january till today I may say that I am a little bit lazy on cryptopart as the reason of my work load in my job so I have low volume and as reason of negative effect also in market my daily profit is aroun 2% now.
As summary I can say that in a good market volatility you can catch and average 5% , it is possible

Kolokoy

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It's absolutely possible when you are skilled enough to trade cryptocurrency from coin to coin although it will be bloody and you'll spend the entire day in front your computer to trade.
Only if you had gained a lot of experiences then you'll be able to decide which one is better than the other to buy low and sell high.

barneystinson

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Quote from: Svelto on January 21, 2018, 01:45:51 AM

Yes, it is possible to have 5% gain everyday if your trading skill is good and have time to research on the market daily. If not, you are better off holding on the coins and generate a lower gain.

This would depend on the amount of time you are willing to put into trading. I know some people who does full time and some are part time. One this that they have in common whenever I ask them is that the earnings would depend on how committed you are into trading. So even if you want to earn more than 5% but could cause conflict in your time, this would be quite difficult to perform.

heisenberg0000

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Quote from: Svelto on January 21, 2018, 01:45:51 AM

Yes, it is possible to have 5% gain everyday if your trading skill is good and have time to research on the market daily. If not, you are better off holding on the coins and generate a lower gain.

Yes this is possible, I think the closest way to attain this is via scalp trading. I know some people in the crypto community who does this. This may take a chunk of your time within the day but if you focus all you have in it, the returns are quite big.

KJMZNine

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It is possible the make 5% daily in crypto with day trading but I dont prefer that because you maybe miss more prpofits than only 5%. Five percent is just nothing in crypto and you should try to make some better trades with more profit!

Indrawan77

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It is possible to gain 5% a day even more if you get the right coin to invest, but you can't expect everyday to get profit in trading, so the answer will be no, there will be a time where the market really bad and you got no option but to stay still

castis

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in long term its not possible , but some small sample of time its possible, all because tehre is red days like few days ago was, and you need to trade in this days too, and buy after that.

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