Topic: Is it possible to double capital in 2 months? - page 4. (Read 4830 times)

Management problems and emotional anxiety are always factors that traders are always very interested, only when their emotions are maintained in a good condition, their work will optimize and minimize the most risk but obviously, in the most normal situations of the market, traders' emotions are difficult to manage easily, if we put more pressure on, the management will be looser than ever. Double capital is never easy with a fixed time, here we are just talking about emotional issues, except this one, the state of the market and many other factors can affect our work

You can if you speculate on Korean coins or margin trading with high leverage in this uptrend. Although quite risky with margin trading, you can participate in some signal groups, it will help and increase your winning rate. This is the link group that I usually refer to before making any commands.
  https://t.me/forexsignalstrialgroup
Besides, you can trade normally but target Korean coins. You see, every time uptrend, Korean coins grow very strongly, Wanchain, ICX. Even shitcoins like IPX have increased by over 160% in recent days. Hope this information will help you.

Yes, we can not only expect and imagine after buying then the market will be bullish, because even when the market is in a bad trend it is certainly difficult for us to get fast profits because it is still, at least we must be more patient and cannot expect big profits in short time. So with this situation it seems impossible for us to multiply capital in just a short time because the pressure that occurs will only make emotions can not longer be controlled.

It depends on amount of capital and taken risk. Although it sounds easy in practice it isn't. Many factors should come together along with positive trends on the market but often that can't be predicted. To my opinion it's better to set more moderate goals and to go step by step.

With trading you can easily double your bitcoin within that 2months, mind you bitcoin trading is very risky so you have to learn about trading very jumping into the wagon, if you are ready to take the risk then you can proceed, the best trick is buy low and sell high

You can double your capital within 2 months that's what is possible. As long as the cryptocurrency market goes up quickly, your profits will go up. In the past, many investors got rich quickly after just one month because the price of bitcoin then peaked. But not always the price is as you expect. It depends on your vision and luck. Invest in the right time or not?

You can take a risk and buy extremely low rate coins or in a stock markets setting the equivalent to how you say "penny stocks" if you get lucky or do your homework on a legitimate project in may turn out to be a profitable venture.

if we trade at the right time then profits can multiply, and in fact there will always be the right time to start trading but this requires the ability to find the price action time.
so prepare yourself before trading, because market conditions can change.

That's nice if you got double profit from trading in 2017  and at that time I am sure many people got such huge profit. I think getting double profit in such short term of trading is all about the worth of the coin and as you said now the price of altcoin has dropped down. Price matters a lot and if you trade in right time you will get exactly approximating doubled profit.

I start trading when the year 2017 and my capital that time is  only 50$ worth of bitcoin very small amount but in only one month I double my capital. So I continue trade until my capital grow. I earn money for trading because in that year is very good to trade the bitcoin is so high and the other altcoins are very good to trade in short time. But now I stop it because bitcoin drop and almost altcoins are follow.

what?who told you that x2 can only gain in daytrading?who told you that?it seems that you only believe in the Pump and Dump coins and not the capacity of good coins to make progress not only overnight but in semi long terms.
remember that OP is asking about 2 months time so that means he had a lot of time making it possible,so why not diversify the capital into 4-6 currencies so the higher the chance of profiting on each currencies?

Control emotions is Nr1 skill to have as a trader, definitely.

But dont try to eliminate emotions completely, it wouldnt work. We urgendtly need them to experience our environment as a human. Just Know how you react when confronted with external incidents and then train to cope the right way. imo Habits do a really good job when it comes to handle emoitions in an efficient way.

It's indeed difficult to make a good decision making once you are doing this business without controlling your emotions. Every timing needs to carefully assess, You should observe and plan everything never to blindly invest as it's really going to affect your investment if you mistakenly place your entry and see that the market movements is not favoring your side.

Let alone two months, a week that can be as long as you trade correctly.
In a sense you can buy at the right entry and sell it at the right position.  And do it over and over again, I'm sure you will get what you want.

But it will be a problem if you trade with a pressure on you.  What worries you cannot control your emotions, for example when you have gained emotional emotional level is high and then you do not take advantage of it, you might experience losses due to Crypto movements that are very volatile.

basically every activity that makes money requires a strong ability and determination, but luck might be one of the causes. but luck will not happen continuously, and therefore ability is more favored because our self-support will be greater if we have knowledge and experience.

When you achieved something that is hard to achieve (like almost impossible) there are always two reasons : you worked really hard for it, or you were just lucky. In case you were just luck, it is useless and don't be proud because of it but if you have worked hard for it then you may use your knowledge continuously so instead of getting a huge profit once, you can get stable profit or even high profit everytime. That is why experiences and knowledge are very important.

everything is related to the ability at its core, so we have to think realistically when we have a small fund and also the ability that is not enough to make us not going to get much benefit but rather to practice the ability. I think it would be better if the skills were trained first to get good profits in the future.

If you know what you do when trading and you are really skilled,I would say almost everything is possible. But you have to decide if you want to pay the price. And of course dont try to double if you are under heavy mental pressure!

Especially when it comes to derivatives it's just a question of leverage respective risk per trade, implied your strategy works well. Knowing what the Kelly Criteria is should help too by achiving this ambitioned goal https://en.wikipedia.org/wiki/Kelly_criterion

A proven strategy for almost every underlying is a volume based approach to the market. Basically you look for spikes above the average volume of the previous days and then take advantage of that influx of smart money which is indiated by that spike. In my opinion your only chance as a small trader is to follow the Big Boys. Indeed, not all of them are smart but they move the prices long term and initiate new significant trends. That's a fact.

From my experience this strategy works best on a daily basis in single stocks on the long side but it's also worthy in many different markets. Of course you also need to know how to manage a trade in a professional way. The exact entry point could be determined individual but should be done very early after a clear spike occurs. Often you can see good spikes after a company reports truly important news that directly effects revenue or sales which the market didnt expect.

On this site https://coin-flip-trading.com/2019/07/volumen-btc-trading-auf-tagesbasis.html I've discovered a good and comprehensible example trade of this approach trading Bitcoin BTCUSD (scroll down to trade #15).

Sadly it's german but maybe google translate can help out with that.

Cheers...

It is not that bad to dream.

I mean setting a goal is not bad. If it is hard to achieve, then work hard, the better you become, the better your profit can go. With this market, the price is really fast changing, and doubling your capital is not impossible but you should not hope that much since no one knows what might happen.

Markets can put you at risk if you are not careful because there is usually no certainty in trading. I think it is possible for a good trader to earn double profits in 2 months. As I know, depends a lot on luck because very few coins can do this in the bear market. Personally, I just traded normally and didn't expect to be able to make double profits.

However, if you choose a good time to invest, your chances of making money will be higher than the bear market. Of course this does not guarantee your long term profit.