to be able to get a large profit in today's trading is very difficult! - page 7.

boris singer

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Quote from: nydiacaskey01 on December 27, 2019, 12:10:22 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Maybe your strategy is the one that needs to change. You mentioned "big opportunity", are we looking at 10% profits or even higher when you trade? We all know that the price of Bitcoin and Altcoins lately move side wards and may move up a little but not enough to reach your target so better lower down your target. A profit of 1.5% or 2% per day is better than nothing.

just need to look at fundamentals to get more positive results, traders can still get more than 10% in a day like what happened with arpa coin yesterday. Daily trading has two choices: trade with large capital, or with a large target (adjusted for capital), the rest must be more confident in looking at charts and making open positions.

bohr

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Quote from: beerlover on December 21, 2019, 03:27:54 PM

You may not get a "large" profit in one swift action but you could always get a decent couple of profits that are quite small that combined makes a large profit. It is still difficult I know that, even making 20% profit in a whole year is difficult but if you know your times right we are talking about a currency that started the year 3400 dollars which is over 7000 dollars right now. That is 100% profit in one whole year and you can't say doubling your money is not a large profit.

Definitely, day traders are having a hard time but 2019 was an amazing year for the long term traders, if you started the year with bitcoin and didn't sell it (or didn't buy any new) you just made 100% of your investment back in just one year. There is not that many thing in world that can give you this much profit.

In my opinion one of the greatest issues about why people are not really that profitable when it comes to their trading activities is that they have huge expectations about what they can achieve and when they do not get those results they take unnecessary risks that eventually bankrupt them, people want to get 100% or even 200% profits in a single month or something ridiculous like that and that is impossible, in many other markets if you can earn 15% per year then you are a genius and yet people expect a lot more from this market.

nydiacaskey01

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Maybe your strategy is the one that needs to change. You mentioned "big opportunity", are we looking at 10% profits or even higher when you trade? We all know that the price of Bitcoin and Altcoins lately move side wards and may move up a little but not enough to reach your target so better lower down your target. A profit of 1.5% or 2% per day is better than nothing.

Hamphser

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Quote from: wajik-tempe on December 27, 2019, 10:59:31 AM

Quote from: enwi on December 27, 2019, 08:53:22 AM

I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again

We should adapt based on real time market condition, if we cannot make a big profits, don't force us to make it because it will just lead us to loss. So we better manage our profits, it's okay little profits but if we do it many times it will equals to big profits

Technically you are right but i think it's still useless since most of those profit we get when trading will eventually gone because it's has been eaten by the transaction fees alone. If the market is just too stubborn to ne more stable then don't trade but instead hodl it for a couple of weeks as you follow the entire movement of the market.

wajik-tempe

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Quote from: enwi on December 27, 2019, 08:53:22 AM

I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again

We should adapt based on real time market condition, if we cannot make a big profits, don't force us to make it because it will just lead us to loss. So we better manage our profits, it's okay little profits but if we do it many times it will equals to big profits

enwi

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I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again

ethereumhunter

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Quote from: tungaqhd on December 26, 2019, 12:13:52 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Large profit is a trap that makes many traders bankrupt. We should follow the market and change our strategy, when we should target large profit or hodl.

If the market can rise at the right moment, you will make a large profit, and that is not a trap because the market gives you a chance to take that profit. But if you decide to delay your profit because you want to make a bigger profit while the market cannot be predicted, then you will regret it later. Making a large profit is not difficult if you know how, but unfortunately, what you feel difficult is how not to being greedy in trading so you can get a profit and repeat it again and again.

tungaqhd

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Large profit is a trap that makes many traders bankrupt. We should follow the market and change our strategy, when we should target large profit or hodl.

Oceat

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Quote from: Golftech on December 26, 2019, 10:32:45 AM

Quote from: Mumbeeptind1963 on December 26, 2019, 08:55:23 AM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Day trading is too difficult now, every hour market changes, when you buy xrp for example @2900 before the next hour it will be @2700, the next day it will up again or down at different price. I must say that altcoins and bitcoins now is good for a long term investment, arbitraging is difficult also for me due to transfer delay. But it is all up to you.

If you are aiming for much bigger benefits then you should stop trying to scalp your position, day trading is time consuming and very stressful if you are not that good estimating the possible market movements, like with your example trends keeps changing and volatility's makes it more harder.
Though if you are open or willing to take the risk, chances to find the right system and make it working to your everyday position still achievable.

Yes indeed, but I must have to agree to OP since I myself do experience the same as he did. Scalping to this market nowadays is really hard because the market always change—to the point that you can't predict the next move because the volatility is way too unexpected. I guess scalping won't be effective yet with this situation of the market.

Golftech

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Quote from: Mumbeeptind1963 on December 26, 2019, 08:55:23 AM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Day trading is too difficult now, every hour market changes, when you buy xrp for example @2900 before the next hour it will be @2700, the next day it will up again or down at different price. I must say that altcoins and bitcoins now is good for a long term investment, arbitraging is difficult also for me due to transfer delay. But it is all up to you.

If you are aiming for much bigger benefits then you should stop trying to scalp your position, day trading is time consuming and very stressful if you are not that good estimating the possible market movements, like with your example trends keeps changing and volatility's makes it more harder.
Though if you are open or willing to take the risk, chances to find the right system and make it working to your everyday position still achievable.

WLtoys V912

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I don't know what you mean by today. If you are referring to the current situation of crypto market I agree with you to some extent because most well-established coins has remained almost steady in the past 3 weeks. But I see some coins with considerable price movement in exchanges like Doge and FTO. If anyone can analyze their movements correctly, they can bring profit.

Mumbeeptind1963

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

Day trading is too difficult now, every hour market changes, when you buy xrp for example @2900 before the next hour it will be @2700, the next day it will up again or down at different price. I must say that altcoins and bitcoins now is good for a long term investment, arbitraging is difficult also for me due to transfer delay. But it is all up to you.

DevilSlayer

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Quote from: MI6 on December 26, 2019, 12:32:26 AM

Quote from: Lanatsa on December 25, 2019, 01:12:01 PM

Quote from: FLoving on December 25, 2019, 01:02:20 PM

Quote from: MI6 on December 25, 2019, 12:57:22 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if the coin you bought is go down, maybe learn strategy when that is happen will be good. You can hold it, simple way but need really patience. Or you can do martingale with buy more coin in cheaper price, so you only need price between you bought first and second to make your capital back. Sometime that thing really works as long you really prepare your capital, not buy with all your capital in one trading activity.

Martingale is better but sometimes we do not have money to buy more or it feels hard to buy that coin more in which we lose money. In case of lose we can either wait for the good time or if we see another coin going green then we can convert our money to that coin and after getting the expected profit we again put our money to the coin for the value of which we are waiting.

Have tried to use that martingale method on trading but i would say it is really very risky specially for this very volatile market which movements can spread out on big percentage.
Unless if we do trade on forex or stocks where movements is less then martingale method is possible but for crypto? I wont tend to use it again.
Large profit on day active trading? Hedging or scalping would be good but it will vary on how big your lot or position is.

It is right, really risky especially for this condition when market keep down like this. But maybe OP want to try another strategy than his strategy or maybe if it can fit with his style. About risk, normal trading already have it's own risk,everything is risky and about capital maybe like what i said before to prepare our capital with split it first so we can use it to be main trading, and other money to back up.

I don't do trading nowadays because my strategies are not suitable at bear market. My funds are now in the stock market because the stock market is currently a bullish market and there are more a lot of opportunities there. Day trading at bearish market is not a good decision because it requires good trading psychology and also enough knowledge in order to win in a trade.

MI6

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Quote from: Lanatsa on December 25, 2019, 01:12:01 PM

Quote from: FLoving on December 25, 2019, 01:02:20 PM

Quote from: MI6 on December 25, 2019, 12:57:22 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if the coin you bought is go down, maybe learn strategy when that is happen will be good. You can hold it, simple way but need really patience. Or you can do martingale with buy more coin in cheaper price, so you only need price between you bought first and second to make your capital back. Sometime that thing really works as long you really prepare your capital, not buy with all your capital in one trading activity.

Martingale is better but sometimes we do not have money to buy more or it feels hard to buy that coin more in which we lose money. In case of lose we can either wait for the good time or if we see another coin going green then we can convert our money to that coin and after getting the expected profit we again put our money to the coin for the value of which we are waiting.

Have tried to use that martingale method on trading but i would say it is really very risky specially for this very volatile market which movements can spread out on big percentage.
Unless if we do trade on forex or stocks where movements is less then martingale method is possible but for crypto? I wont tend to use it again.
Large profit on day active trading? Hedging or scalping would be good but it will vary on how big your lot or position is.

It is right, really risky especially for this condition when market keep down like this. But maybe OP want to try another strategy than his strategy or maybe if it can fit with his style. About risk, normal trading already have it's own risk,everything is risky and about capital maybe like what i said before to prepare our capital with split it first so we can use it to be main trading, and other money to back up.

Lanatsa

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Quote from: FLoving on December 25, 2019, 01:02:20 PM

Quote from: MI6 on December 25, 2019, 12:57:22 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if the coin you bought is go down, maybe learn strategy when that is happen will be good. You can hold it, simple way but need really patience. Or you can do martingale with buy more coin in cheaper price, so you only need price between you bought first and second to make your capital back. Sometime that thing really works as long you really prepare your capital, not buy with all your capital in one trading activity.

Martingale is better but sometimes we do not have money to buy more or it feels hard to buy that coin more in which we lose money. In case of lose we can either wait for the good time or if we see another coin going green then we can convert our money to that coin and after getting the expected profit we again put our money to the coin for the value of which we are waiting.

Have tried to use that martingale method on trading but i would say it is really very risky specially for this very volatile market which movements can spread out on big percentage.
Unless if we do trade on forex or stocks where movements is less then martingale method is possible but for crypto? I wont tend to use it again.
Large profit on day active trading? Hedging or scalping would be good but it will vary on how big your lot or position is.

FLoving

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Quote from: MI6 on December 25, 2019, 12:57:22 PM

Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if the coin you bought is go down, maybe learn strategy when that is happen will be good. You can hold it, simple way but need really patience. Or you can do martingale with buy more coin in cheaper price, so you only need price between you bought first and second to make your capital back. Sometime that thing really works as long you really prepare your capital, not buy with all your capital in one trading activity.

Martingale is better but sometimes we do not have money to buy more or it feels hard to buy that coin more in which we lose money. In case of lose we can either wait for the good time or if we see another coin going green then we can convert our money to that coin and after getting the expected profit we again put our money to the coin for the value of which we are waiting.

MI6

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if the coin you bought is go down, maybe learn strategy when that is happen will be good. You can hold it, simple way but need really patience. Or you can do martingale with buy more coin in cheaper price, so you only need price between you bought first and second to make your capital back. Sometime that thing really works as long you really prepare your capital, not buy with all your capital in one trading activity.

Darooghe

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People lose money due to lack of patience. they learn a few tricks and think they can make it big. this industry takes years and years of experience. If you want to learn how to trade, treat it like a legitimate business. if you are trying to be a good trader and you have a hard set of rules those rules are your job. If you break your rules there is consequences. Imagine if you broke a rule at your actual job, the first time there could be a don't do this again type of consequence but what about a second time or third time? thereby, treating trading like more of a job instead of a side hustle could help you.

kodtycoon

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maybe the easiest thing to do for you is to just look at the chart there and when the correction is happening then at that time it would be better for you to wait to buy because in such a situation the price will tend to fall lower. in this problem at least you should be more aware about movement and emotions, because when you have prioritized this at least you will have a good chance to make a profit

AniviaBtc

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Quote from: Capt00 on December 24, 2019, 07:06:57 PM

Quote from: MRY on December 24, 2019, 10:18:19 AM

I think, with the current market conditions it is indeed difficult to be able to get a profit and do not expect you will get a large profit, get a small one is very difficult and you should be grateful if you are lucky, but keep trying

I don't we need to have luck this time, the current market condition isn't so fulfilling but it surely we can find a way to make profits but of course, its gonna be tough and really hard work for us. But anyway, in the first place we are doing this before and not really hard to adjust to this situation. Only we have to control ourselves and not tempted to sell for losses...

That's why we need to think critically now because we are the one who can solve our own problem. We are also the one who can help ourselves from earning more profit. Planning and knowing the next move is important to prevent losses and misunderstanding during exchanges.

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