Is 5% daily in crypto trading possible? - page 4.

Mjc14ca

newbie

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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?

Most days for sure, but then everything could tank 50% just like a few days ago. You would need to learn to use stop loss and look into day trading strategy. I do a bit of day trading but mostly pick coins I believe will emerge as big players in the world. NEO, TRX, DRGN... going to start investing in choice ICO's, can make 100x your money in 4 months. Also the riskiest.

micrypto

newbie

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With a small amount less than $5k (possible - not easy), but with a huge amount $50K+ (impossible)

RieraMusic

jr. member

Activity: 336

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YEs it is possible but you need a crystal ball Grin

troleybüs

legendary

Activity: 1424

Merit: 1001

It's very possible in crypto business. Most of the time it doesn't even enough for traders, people expect %30 daily rise, 2x and 3x's overnight. You should not be too greedy. Daytrading has no guarantee, you might win %5 7 days in a row and lost %50 in the next night.

Grim149x

full member

Activity: 854

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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, it's possible; you can even make more than double a day. It's just that I think that it's best to diversify your portfolio or learn the basics of charting or technical analysis to have a higher chance of succeeding in your goal with trading.

eucalyptus

member

Activity: 280

Merit: 71

For sure it is possible. Even now you can do it but what if you buy and the if that coin see dramatic dump? It is very risky but you should be lucky. You can observe some coins and do your own risk.

Emperor of Man

hero member

Activity: 886

Merit: 510

It is possible, but I personally don't like daytrading. Many people claim to be good daytraders, but in the end they mostly get beaten by their uncontrolled feelings of fear or greed and lose everything.

For me, it has always been hodl. This is a better strategy with better results.

GFE

full member

Activity: 336

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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?

Yes, it is possible if market is stable. During big criptocurrency pumps and dumps (for ex. BTC) you shouldn't trade

uszaty43

hero member

Activity: 849

Merit: 507

It is possible as long as you can control your own trading and your strategies.

If you are going to trade only because you want to make between 1% and 5%, you are going to lose a lot of money, remember that this is very unpredictable.

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?

Kitobe

newbie

Activity: 33

Merit: 0

Why not?
Create yourself a trading bot and do arbitrage. With this current market fluctuation, it is possible to create that amount of daily profit.

richan

member

Activity: 392

Merit: 11

It is possible to make 5 to even 20 % in crypto trading in some days but is not possible to make it a consistent daily. Because every coins that goes up comes down and to trade on any coins that will make you 5% every day is hard to come by.

nguyentrongdai

newbie

Activity: 31

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5% very hard. i think 1-3% daily is reasonable

Apriand

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Free crypto every day here: discord.gg/pXB9nuZ

5% daily? If only for 3-5 days in a row its possible (although not easy) But for 30 days or more in a row, i think almost impossible. Because sometime market going slowly (not much up or down) or sometime all crypto price dump hard, and very difficult to get profit when that happen. Good if you have daily target for your trading profit, but don't be greedy.

Dmitry_K

member

Activity: 364

Merit: 10

As you can see, sometimes the currency grows or falls much more than 5% and theoretically you can earn even 20-30% per day. But you need to remember that the risk is also very large and if you do not choose the right direction, you can lose some money.

jacafbiz

hero member

Activity: 2128

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PredX - AI-Powered Prediction Market

It is possible on average for 5 to 10 days but you need to be an experience trader and be very discipline, is not that most trader don't make profit but they lose most of it to over trading and greed, some even lose more by chasing their money

bitcoinking11

member

Activity: 378

Merit: 17

In my opinion, It is very much possible, If you have got a lot of altcoins (around 20) in your portfolio. It is also true that you can't win always, sometimes you can gain profit and sometimes you have to suffer losses. To be successful, quite an effort is required, you have to follow charts of a lot of coins every hour.

blue_id69

full member

Activity: 266

Merit: 104

Nope, cant. i mean i cant do that. i dont know someone else. my advice is, stay away from day trading if you not an expert and know wich coin to sell or buy, never be a FOMO guys and end up losing money.

skan

newbie

Activity: 37

Merit: 0

yeah 5% is not a huge thing in my opinion. it will take alot of research and looking at charts of many coins to see which one is going up at that day. i was doing it daily and it was working but then it just gets draining and so i just hodl now, even though i see the daily profits i can take.

clrpod

full member

Activity: 322

Merit: 114

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?

Maybe with small amounts yes, with larger amounts probably not, 5% a day would be an absolutely monumental return if you were to achieve that consistently over a year or so.

TradeCrypto

member

Activity: 237

Merit: 10

Presale is live!

Day trading more or less like gambling day trading completely based on pump and dumpers without any reason so its dangerous i have done initially some days get profit but major went loss . So i could suggest stay away from day trading.

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