My experience day trading - no moon shots - page 2.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: entrepmind23 on September 15, 2018, 09:29:12 PM

Quote from: DanTalksCrypto on September 15, 2018, 11:12:15 AM

This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

When it comes to trading, you should always stick to your plan and be consistent with it so that you will know if it is effective or not. It will also make you control your emotion since you know what to do in whatever circumstance it may be. As for OP's strategy of aiming for 1% a day, it is not that hard given the volatility of prices. The issue here is whether you can maintain to have this profits because you may gain 1% but on that day, you can also lose a lot. Well, as long ass you have a cut loss strategy as well then it would be good.

Experience is also a must when you decide to do day trading because it is not for those who are faint-hearted who would immediately back down when they see a big red candle. It requires courage knowing that anytime the trade may not go in your favor.

If I lose on a trade I would wait for the orderbook charts to become favourable again and re-enter. If no charts look good that day then I stay in BTC. A 0% day is better than a negative!

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: tanzaholzmann on September 15, 2018, 08:45:26 PM

trading daily with a 1% profit per day can be said to be easy or difficult, is your strategy getting 1% per day in 1 coin or you are planting a lot of coins to get 1% per day.

Coins change by the hour as to what meets the criteria.

CASTIEL05

member

Activity: 560

Merit: 13

Quote from: Ranly123 on September 11, 2018, 05:46:01 PM

1% daily is a good way to earn but with the help of other people or other people doing the trade, I would prefer not to do it. It's better to trade based on what I personally observed in the market than letting other people trade for me. Also it is a helpful tips you you shared in the community.

1% profit is enough for me, If I will try to trade. However, I want to start my journey in trading when I knew already the combination using the technical indicators. As of now, I am searching for good strategy for trading and investment. If I gather 1000 dollars capital, I will start trading

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: bummm on September 13, 2018, 03:18:26 PM

There is no need to risk dealing with the day trading. Choose the holding strategy, and at last, you will make good money. So my choice is holding!

That may be your choice, but certain people prefer to always take the better risk with great opportunity than just sitting in a position for too long. It may work out well for someone without trading knowledge, but it does not mean it is the best thing to do in terms of making profit. What you are doing trading is to take advantage of the fluctuations. Now, it does not necessarily have to be day trade, as there are better means to achieve that.

Quote from: Aivaryamal on September 16, 2018, 02:40:08 AM

An interesting strategy, the main thing is to follow it clearly, just not everyone is able to restrain their excitement and want more profit,and this will have a negative impact on the result

This is how the emotion failure while trading may trap you out. Day trading is known for scalping like many small profit making whereas if we understand this then we may avoid unnecessary disappointments very easily.

Aivaryamal

full member

Activity: 1162

Merit: 101

An interesting strategy, the main thing is to follow it clearly, just not everyone is able to restrain their excitement and want more profit,and this will have a negative impact on the result

pandanaran

full member

Activity: 1048

Merit: 101

Based on my experience it can indeed be easy to crypto with volatility to get 1% at daily trading, but the risk is also quite large, it will be very difficult if you have to produce consistent profits on the daily trade. I also once thought like that was enough to produce 1% a day but after I lived this was a very difficult goal, especially with large funds.

Gadhoh

newbie

Activity: 154

Merit: 0

Quote from: DanTalksCrypto on September 14, 2018, 04:18:17 AM

Quote from: cryptorima on September 14, 2018, 03:49:57 AM

I think your strategies are very good. Because you do not get much profit, you only gain 1% per day and many people want to earn 10% daily or 20%, and for this, they face many losses and you use a very safe method. I like and respect your strategy.

Appreciate your comments. Would be great to chat with you on discord. Hit me up there. Hope your Friday is going great.

a very good daily strategy, indeed if we are going to trade daily it must be like that, take a little profit but continuously and the key is patience.

janggernaut

legendary

Activity: 2366

Merit: 1130

Quote from: Distinctin on September 16, 2018, 01:16:56 AM

Quote from: tanzaholzmann on September 15, 2018, 08:45:26 PM

trading daily with a 1% profit per day can be said to be easy or difficult, is your strategy getting 1% per day in 1 coin or you are planting a lot of coins to get 1% per day.

Regardless of the amount you start, it's still impossible to get at least 1% profit daily.
It's like a ponzi if you claim yourself to be able to make that consistently, what I know in trading is that you have bad and good timing, therefore
you also loss sometimes.

Gain at least 1% profit everyday is indeed sound like impossible thing, but it doesn't mean someone can't do it. Of course the chance is very very low and almost impossible.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: tanzaholzmann on September 15, 2018, 08:45:26 PM

trading daily with a 1% profit per day can be said to be easy or difficult, is your strategy getting 1% per day in 1 coin or you are planting a lot of coins to get 1% per day.

Regardless of the amount you start, it's still impossible to get at least 1% profit daily.
It's like a ponzi if you claim yourself to be able to make that consistently, what I know in trading is that you have bad and good timing, therefore
you also loss sometimes.

aervin11

full member

Activity: 602

Merit: 103

You have a point but trading everyday and gaining 1% is always defeated by hodlers that do the research and sit wait for moon. This thread is worth the follow to see how your trades could go, maybe you got to add some funds for low cap coins so you could hodl and let the money work for you, anyways it's just my opinion.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: DanTalksCrypto on September 15, 2018, 11:12:15 AM

This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

When it comes to trading, you should always stick to your plan and be consistent with it so that you will know if it is effective or not. It will also make you control your emotion since you know what to do in whatever circumstance it may be. As for OP's strategy of aiming for 1% a day, it is not that hard given the volatility of prices. The issue here is whether you can maintain to have this profits because you may gain 1% but on that day, you can also lose a lot. Well, as long ass you have a cut loss strategy as well then it would be good.

Experience is also a must when you decide to do day trading because it is not for those who are faint-hearted who would immediately back down when they see a big red candle. It requires courage knowing that anytime the trade may not go in your favor.

tanzaholzmann

newbie

Activity: 101

Merit: 0

trading daily with a 1% profit per day can be said to be easy or difficult, is your strategy getting 1% per day in 1 coin or you are planting a lot of coins to get 1% per day.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: tambok on September 15, 2018, 12:48:44 PM

Quote from: DanTalksCrypto on September 15, 2018, 11:12:15 AM

This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

That is right, it is so important too to lists all of our mistakes and learn from it, sometimes we should create our own strategy too, I have experience in trading but not too much that you can call me an expert, trading is an everyday learning and patience should always in our mind and heart, make it a passion and not just because you want too or just a past time.

Amen!

tambok

sr. member

Activity: 812

Merit: 260

Quote from: DanTalksCrypto on September 15, 2018, 11:12:15 AM

This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

That is right, it is so important too to lists all of our mistakes and learn from it, sometimes we should create our own strategy too, I have experience in trading but not too much that you can call me an expert, trading is an everyday learning and patience should always in our mind and heart, make it a passion and not just because you want too or just a past time.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: Supercrypt on September 15, 2018, 08:38:00 AM

Quote from: Ctn on September 13, 2018, 01:14:38 PM

Now thats the best strategy behind it. I think going for the big % profits is always worst because that is nothing but the greediness. If you have now overcome with that strategy then it is always best as you wont be loosing money over your greed. This should be lesson to everyone who is willing to do the day trade. Its risky and also sometimes it is not even possible to single % of profit in day trade. So expecting too much high returns is not the best way to go around it. I like that you gonna take up around 1% profits daily because that is also 30% ++ profit over month and sufficient enough.

It is not really about the greed; it is about having a plan and letting your plan work out. Sure, we cannot deny the fact that some people can be extremely greedy as all they care about is trying to look at the moon when there is no likelihood of it, however, the only way you can know if you should be out of the market with profit you have made is if you are sure that goes according to your plan.

For instance, if I believe a market still have potentials to raise more than it already is why I would want to sell quickly. Don't get me wrong, there are certain stages during FOMO that is advisable to sell, but all has to be with your own strategy and if 1% is someone else's strategy per trade, since he is a day trader anyway, then that does not mean someone else may not have a better strategy to drive in more potential for profit.

This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: udidrone on September 14, 2018, 10:23:14 PM

Quote from: DanTalksCrypto on September 14, 2018, 04:18:17 AM

Quote from: cryptorima on September 14, 2018, 03:49:57 AM

I think your strategies are very good. Because you do not get much profit, you only gain 1% per day and many people want to earn 10% daily or 20%, and for this, they face many losses and you use a very safe method. I like and respect your strategy.

Appreciate your comments. Would be great to chat with you on discord. Hit me up there. Hope your Friday is going great.

Control greedy in ourself is good. That is what many people must learn before they do trading. If you can consistent about 1% perday and keep play safe, you will be very rich in future i believe.

I do this for fun right now and it is working so far. I do like to play safe - very much so. Appreciate your comments here.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: nydiacaskey01 on September 14, 2018, 10:29:26 PM

Quote from: DanTalksCrypto on September 11, 2018, 05:40:25 PM

I would put an order in for the easy buy range and sell when it hits yellow. Keep stop losses tight (1%) to avoid getting burned.

I now aim for 1% in a day and once I achieve that I'm done - come back tomorrow and do it all again. Compounded it adds up quickly, hopefully this time next year I'll have made a good decision.

Just like what I've always said, 1% target and profits per day is better than aiming for 50% a day, you might end up in a trap holding a coin that was dumped by whales. Aside from aiming for just 1% a day, also spread your capital. Don't just put all that funds in just 1 coin, 3 or more is better so if 1 fails to hit at least 1%, you still have other coins to rely on and recover your losses.

That's a good tip - thank you

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: hoavantathan on September 14, 2018, 08:47:13 PM

The market is up and down everytime. Can you predict the market? I don't think so. Can you show me how you do that? I see many daily traders die. So i do not join daily trading campain.

You don't need to predict the market - just gain an understanding of where it will ebb and flow in a short period of time. Seriously - take a look at the charts here and you'll understand: https://discord.gg/BN9P2tk

It's just probabilities - as long as you're working with something that tells you when something is more likely than not. It'll make you money in the long-term.

DanTalksCrypto

newbie

Activity: 42

Merit: 0

Quote from: p3ppymon on September 14, 2018, 08:16:13 PM

The calculations made do not make sense as OP will definitely not treads with his/her full bankroll each trade. It would be cool to do so.
The, as per calculations, and considering only trading max 5% of the roll, profits are much lower than reported.
Good luck anyway.

The whole bankroll goes in each trade. (Just of my trading funds - I have a separate HODL stack).

How would you recommend I improve?

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: Ctn on September 13, 2018, 01:14:38 PM

Now thats the best strategy behind it. I think going for the big % profits is always worst because that is nothing but the greediness. If you have now overcome with that strategy then it is always best as you wont be loosing money over your greed. This should be lesson to everyone who is willing to do the day trade. Its risky and also sometimes it is not even possible to single % of profit in day trade. So expecting too much high returns is not the best way to go around it. I like that you gonna take up around 1% profits daily because that is also 30% ++ profit over month and sufficient enough.

It is not really about the greed; it is about having a plan and letting your plan work out. Sure, we cannot deny the fact that some people can be extremely greedy as all they care about is trying to look at the moon when there is no likelihood of it, however, the only way you can know if you should be out of the market with profit you have made is if you are sure that goes according to your plan.

For instance, if I believe a market still have potentials to raise more than it already is why I would want to sell quickly. Don't get me wrong, there are certain stages during FOMO that is advisable to sell, but all has to be with your own strategy and if 1% is someone else's strategy per trade, since he is a day trader anyway, then that does not mean someone else may not have a better strategy to drive in more potential for profit.

Topic: My experience day trading - no moon shots - page 2. (Read 2088 times)