To day traders, what percentage do you think is better to make as profit daily

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

-cut-
What percentage of interest do you think would be good for you to close the position?

Quote from: Slow death on September 30, 2024, 10:01:16 AM

Day trading in this cryptocurrency market is very risky, I know that other markets are also risky, but what happens with this cryptocurrency market, particularly with bitcoin, is that it is not every day that the market rises 4% for example and falls 4% for example. Sometimes the market stagnates for many days, and what happens is that a person who has $500 for example and is day trading, this person buys bitcoin at a price of $64,000 and the price rises to $66,000, this person sells, but the price continues to rise to $73,000, with this this person ends up having less profit when buying at $73,000 and selling when it rises further. So this person will have to wait for the price to fall below $64,000 if they want to make more profit. In my opinion, it is not worth day trading in this market. The only thing that makes sense is to HODL.

Saying that one shouldn't trade in a trading section, when someone is asking for a trading advice isn't helpful imho. OP was talking about advice in investment.

But what comes to OP's question, there is no one answer to something like this. It depends on the chart volatility among other things. You might as well ask how much is your tolerance for lost trade before selling. Especially with lowcap alts, one swing trade could bring year worth of profits, so artificially cutting that out because "it's enough" doesn't seem like a solid plan. As a trader you need to be able to adapt to the chart, and take what ever you get. Just don't expect to make money every day.

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Quote from: tvplus006 on October 05, 2024, 03:44:54 AM

Quote from: Dewi Aries on October 04, 2024, 05:19:35 PM

Yes and one of the reasons why we should reduce or limit our expectations in trading is because trading is not only about profit but the possibility of loss is also always a part that you will definitely experience at any time without you knowing, these limits are very useful to minimize the possibility of emotions that usually always trigger various impulsive actions. ..

Therefore, one of the main tasks for a trader is to minimize losses, which can be achieved using various strategies. Thus, by reducing losses, we increase the profit. But it is impossible to plan a constant percentage of profit, because this is a variable value based on various factors.

Yes, that's right, we have to be able to minimize losses because that is one of the things that we really shouldn't miss every time we trade. My question is why do people ask more about how much percentage of profit can be taken in day trading? Why don't many people say how much percentage of loss we can feel? Well, from here, we can actually judge that they are very optimistic about making a profit. Optimism is a good thing, of course. However, when optimism is excessive so that you forget that there is a risk when trading, it is also not a good thing to do. We should keep a balance between thinking about profit and also thinking about loss.

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Quote from: tvplus006 on October 05, 2024, 03:44:54 AM

Quote from: Dewi Aries on October 04, 2024, 05:19:35 PM

Yes and one of the reasons why we should reduce or limit our expectations in trading is because trading is not only about profit but the possibility of loss is also always a part that you will definitely experience at any time without you knowing, these limits are very useful to minimize the possibility of emotions that usually always trigger various impulsive actions. ..

Therefore, one of the main tasks for a trader is to minimize losses, which can be achieved using various strategies. Thus, by reducing losses, we increase the profit. But it is impossible to plan a constant percentage of profit, because this is a variable value based on various factors.

True, it can be said that risk management is something that is more important to have and prepare for a trader, because as you said that when the risk of loss is reduced then there is a possibility of increased profits especially when the trader really wants to learn various things such as strategies that can increase the chances of profit, but from what I have experienced sometimes when I have a new strategy sometimes losses still occur, it is not because your strategy is wrong, but there are other possible causes which are usually the mistakes I make are because I am wrong in placing the strategy, or implementing the strategy at the wrong time, meaning when you have a strategy that you learn from someone else for example then try to adapt to the strategy first, recognize its advantages and disadvantages.

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Quote from: Dewi Aries on October 04, 2024, 05:19:35 PM

Yes and one of the reasons why we should reduce or limit our expectations in trading is because trading is not only about profit but the possibility of loss is also always a part that you will definitely experience at any time without you knowing, these limits are very useful to minimize the possibility of emotions that usually always trigger various impulsive actions. ..

Therefore, one of the main tasks for a trader is to minimize losses, which can be achieved using various strategies. Thus, by reducing losses, we increase the profit. But it is impossible to plan a constant percentage of profit, because this is a variable value based on various factors.

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Quote from: Silberman on October 02, 2024, 03:01:13 PM

Quote from: Dewi Aries on October 01, 2024, 08:28:34 PM

Exactly, I agree with you on this, you see everything realistically so we can conclude that the spot market or bitcoin is not possible to be used as a place for daily trading, especially with small capital, even with an easy amount that is equal to the price of bitcoin itself, I think it is not as easy as you imagine to get 3-5% profit considering that bitcoin is a market that has a stagnant price in the short term.

Making a profit is possible in the spot market but it is very unlikely to be obtained in short-term trading, at least per month maybe it is still possible, but very few people have such a plan, because most of them prefer to continue to increase their accumulation and hodl for years.

Traders need to decrease the expectations they have about themselves and the profits they can make, I often see them thinking about getting at least 1% in profits every day, but they do not understand that is a massive amount of money thanks to the magic of compound interest as that is 34% in profits for month or 3351% in profits each year, which is an enormous amount of money as this could allow a trader to become a millionaire in just a few years regardless of how small their capital was.

Yes and one of the reasons why we should reduce or limit our expectations in trading is because trading is not only about profit but the possibility of loss is also always a part that you will definitely experience at any time without you knowing, these limits are very useful to minimize the possibility of emotions that usually always trigger various impulsive actions. On the other hand there is always a chance to get a few percent profit, but that is not possible in the short term, we are talking about the spot market here, meaning that maximum profit will only be possible to get in the long term.

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Quote from: Faisal2202 on September 17, 2024, 10:04:06 AM

PS: I did not understand quit are you asking specifically about interest or profit?

Is asking on trading percentage for closing the position, the thing is that the percentage will come base on what you had in mind to use to establish the trading, it's obvious that in trading neither future trading, the percentage will be determined by the aggregate of financial figures you use to establish your trade

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Quote from: Silberman on October 02, 2024, 03:01:13 PM

...I often see them thinking about getting at least 1% in profits every day, but they do not understand that is a massive amount of money thanks to the magic of compound interest as that is 34% in profits for month or 3351% in profits each year, which is an enormous amount of money as this could allow a trader to become a millionaire in just a few years regardless of how small their capital was.

These calculations are incorrect, because to do this, you need to trade your entire deposit daily, which contradicts risk management and may lead to a loss of the deposit. As a rule, a trader trades in the amount of 2-3% of his deposit and, accordingly, he receives a profit from these 2-3%, and not from his entire deposit.

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Quote from: pawanjain on September 30, 2024, 11:00:27 AM

The major issue that I have faced while day trading is that I couldn't get the exact return on daily basis.
For exacmple: If I set a goal to get 2% return on daily basis then I might get it 2-3 days continuously but not after that.
There are days when I don't get the desired return for 2-3 days and that's what drives me crazy and so I don't prefer day trading.
The consistent returns are not something that works in my favour.

You are not alone in this case as you are doing daily trading you are having not all days same with things can take changes as mentioned in above many posts it's all risky we have to understand few realities which are more important.

I also try on these few times and at the end I have troubling time even mostly I have recovery but this never work as OP is asking or doing trading having serious risk factors, and we can't predict about how day will be ended for us. Here we are talking about profit as OP is already saying about trading, and he is not looking for the interest because if we are taking interest then we are having no risk and things are also smooth for us without any problem but in trade we are always on risk of losing and also having chance of getting less from our view.

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Quote from: Dewi Aries on October 01, 2024, 08:28:34 PM

Quote from: Slow death on September 30, 2024, 10:01:16 AM

Day trading in this cryptocurrency market is very risky, I know that other markets are also risky, but what happens with this cryptocurrency market, particularly with bitcoin, is that it is not every day that the market rises 4% for example and falls 4% for example. Sometimes the market stagnates for many days, and what happens is that a person who has $500 for example and is day trading, this person buys bitcoin at a price of $64,000 and the price rises to $66,000, this person sells, but the price continues to rise to $73,000, with this this person ends up having less profit when buying at $73,000 and selling when it rises further. So this person will have to wait for the price to fall below $64,000 if they want to make more profit. In my opinion, it is not worth day trading in this market. The only thing that makes sense is to HODL.

Exactly, I agree with you on this, you see everything realistically so we can conclude that the spot market or bitcoin is not possible to be used as a place for daily trading, especially with small capital, even with an easy amount that is equal to the price of bitcoin itself, I think it is not as easy as you imagine to get 3-5% profit considering that bitcoin is a market that has a stagnant price in the short term.

Making a profit is possible in the spot market but it is very unlikely to be obtained in short-term trading, at least per month maybe it is still possible, but very few people have such a plan, because most of them prefer to continue to increase their accumulation and hodl for years.

Traders need to decrease the expectations they have about themselves and the profits they can make, I often see them thinking about getting at least 1% in profits every day, but they do not understand that is a massive amount of money thanks to the magic of compound interest as that is 34% in profits for month or 3351% in profits each year, which is an enormous amount of money as this could allow a trader to become a millionaire in just a few years regardless of how small their capital was.

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Quote from: Dewi Aries on October 01, 2024, 08:28:34 PM

you see everything realistically so we can conclude that the spot market or bitcoin is not possible to be used as a place for daily trading, especially with small capital, even with an easy amount that is equal to the price of bitcoin itself, I think it is not as easy as you imagine to get 3-5% profit considering that bitcoin is a market that has a stagnant price in the short term.

Making a profit is possible in the spot market but it is very unlikely to be obtained in short-term trading, at least per month maybe it is still possible, but very few people have such a plan, because most of them prefer to continue to increase their accumulation and hodl for years.

While you may not do on spot trading and make a lot of money, I believe leverage could be used on this regard in derivative markets. You do not have to do 100x to make money, you can use as low as x2 or x5 and some days you could make a lot. There are days when it goes up 5% or 10% or go down that much as well, so you could make use of it to make some money given that you have decent TA.

Spot trading isn't really for bitcoin to USDT type of move, you will not make much from this, you need to use other coin pairs but also need to remember that even a 1-3% movement daily would mean a lot of money over a year. So spot trading on bitcoin against altcoin pair, on a course of a full year, could still be a great deal for many people, I suggest checking it out, not saying it will work 200%, but it could be fine with TA.

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Quote from: Slow death on September 30, 2024, 10:01:16 AM

Day trading in this cryptocurrency market is very risky, I know that other markets are also risky, but what happens with this cryptocurrency market, particularly with bitcoin, is that it is not every day that the market rises 4% for example and falls 4% for example. Sometimes the market stagnates for many days, and what happens is that a person who has $500 for example and is day trading, this person buys bitcoin at a price of $64,000 and the price rises to $66,000, this person sells, but the price continues to rise to $73,000, with this this person ends up having less profit when buying at $73,000 and selling when it rises further. So this person will have to wait for the price to fall below $64,000 if they want to make more profit. In my opinion, it is not worth day trading in this market. The only thing that makes sense is to HODL.

Exactly, I agree with you on this, you see everything realistically so we can conclude that the spot market or bitcoin is not possible to be used as a place for daily trading, especially with small capital, even with an easy amount that is equal to the price of bitcoin itself, I think it is not as easy as you imagine to get 3-5% profit considering that bitcoin is a market that has a stagnant price in the short term.

Making a profit is possible in the spot market but it is very unlikely to be obtained in short-term trading, at least per month maybe it is still possible, but very few people have such a plan, because most of them prefer to continue to increase their accumulation and hodl for years.

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Quote from: Faisal2202 on September 17, 2024, 10:04:06 AM

Not a day trader, but for making a good living here in my region, 10$ to 15$ are more than enough, but if I could make 10$ to $15 daily, otherwise, if I doubt the market can make me this much profit, and if I doubt myself, then I will try to take advantage of the market situation, like recently when BTC was at $54, I would have bought more than before, and the capital would be more than just 10% of $5k.

If I would have $5k and I want to do daily trading via future or margin then %10 is more than enough but if I am doing spot then its not enough especially when trading in BTC, speaking of alts $150 is not enough in spot trading to make 10 to 15 dollar daily.

PS: I did not understand quit are you asking specifically about interest or profit?

The major issue that I have faced while day trading is that I couldn't get the exact return on daily basis.
For exacmple: If I set a goal to get 2% return on daily basis then I might get it 2-3 days continuously but not after that.
There are days when I don't get the desired return for 2-3 days and that's what drives me crazy and so I don't prefer day trading.
The consistent returns are not something that works in my favour.

Slow death

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Day trading in this cryptocurrency market is very risky, I know that other markets are also risky, but what happens with this cryptocurrency market, particularly with bitcoin, is that it is not every day that the market rises 4% for example and falls 4% for example. Sometimes the market stagnates for many days, and what happens is that a person who has $500 for example and is day trading, this person buys bitcoin at a price of $64,000 and the price rises to $66,000, this person sells, but the price continues to rise to $73,000, with this this person ends up having less profit when buying at $73,000 and selling when it rises further. So this person will have to wait for the price to fall below $64,000 if they want to make more profit. In my opinion, it is not worth day trading in this market. The only thing that makes sense is to HODL.

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Quote from: mirakal on September 26, 2024, 08:36:50 AM

Managing capital is one of the most crucial skills to master in trading. Having a large capital can be advantageous, allowing us to profit more if we put our buy/sell calls right. However, it also comes with risks—everything could vanish in an instant. It is a smart strategy to choose not just one coin; I often use altcoins, which are highly volatile.

Everyone needs to start with small capital as if they can not manage small capital safely and profitable, it's impossible to manage big capital safely and profitable. With capital management, risk management is most important because if you can not do it well, you will lose your capital. With an investor or trader, or fund manager, if you lose your initial capital, it's the end.

People who manage big capital don't look for x10, x100 chance because they know risk is high too. Look at cryptocurrency market, this principle is reflected by institutional investors. They join this market with a first asset to invest money in, is Bitcoin, and if they want more, they will invest in Ethereum. They will never start investment with shit coins, meme coins.

Quote

Choosing which coins to trade should be based on their performance, so being able to analyze the market is vital. If we don’t, it could lead to losses.

Stay with Bitcoin, and if want altcoins, Ethereum. These cryptocurrencies must be first two to add in any portfolio, either trading or investment.

Top altcoins look to be safe by many of top altcoins already died, abandoned or lost a lot of value and trading volume.
Cryptocurrency Historical Data Snapshot

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Quote from: mirakal on September 26, 2024, 08:36:50 AM

Managing capital is one of the most crucial skills to master in trading. Having a large capital can be advantageous, allowing us to profit more if we put our buy/sell calls right. However, it also comes with risks—everything could vanish in an instant. It is a smart strategy to choose not just one coin; I often use altcoins, which are highly volatile.

Choosing which coins to trade should be based on their performance, so being able to analyze the market is vital. If we don’t, it could lead to losses. We need to think things through carefully and avoid rushing, as one mistake could empty our pockets. If we play our trades wisely, even with a $500 capital, we can still make some gains—not huge, but at least we earn something!

As there are countless coins and projects that we have, it is quite difficult to determine which one would give you the most profit. However, if you don't know where to start, better start from btc and other top alts. Then, you will understand how this market will behave so you know how to attack the market to gain profits from it. There will be no fixed profits that you can get from this market, you will only gain some tips and tricks along the way to improve your trading profits.

And bear in mind that closely monitoring the coins you have is actually vital as to where your profits will go. Because once the project got abandoned, and so your profits and initial investments.

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Quote from: mirakal on September 26, 2024, 08:36:50 AM

Managing capital is one of the most crucial skills to master in trading. Having a large capital can be advantageous, allowing us to profit more if we put our buy/sell calls right. However, it also comes with risks—everything could vanish in an instant. It is a smart strategy to choose not just one coin; I often use altcoins, which are highly volatile.

Choosing which coins to trade should be based on their performance, so being able to analyze the market is vital. If we don’t, it could lead to losses. We need to think things through carefully and avoid rushing, as one mistake could empty our pockets. If we play our trades wisely, even with a $500 capital, we can still make some gains—not huge, but at least we earn something!

If you are already that having the skill and knowledge on how to handle up a certain capital on which you do already able to calculate out on how much you should really be putting up on a certain trade
and make out some target profits into it, then it does really shows that you are already that knowledgeable towards trading on which we know that not all would really be able to obtain out such situation.
Profitability will really be that varying on how well you do make yourself having this kind of approach on which we know that targets and goals will really be that different to each other on which
there would really be those traders who would be setting out bigger % and get contented with that and there are ones who do playing it a bit safe on getting a smaller profit margine as long
it would really be that something positive then this what matter the most or would really be counting on. It will really be just that depending on you on how you will really be handling up yourself
when it comes into this condition or situation on which it will really be that something that differ into those people who do deal up with this volatile space.

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Quote from: mirakal on September 26, 2024, 08:36:50 AM

Managing capital is one of the most crucial skills to master in trading. Having a large capital can be advantageous, allowing us to profit more if we put our buy/sell calls right. However, it also comes with risks—everything could vanish in an instant. It is a smart strategy to choose not just one coin; I often use altcoins, which are highly volatile.

You are trading altcoins is the reason that you think your coin can vanish at once. Altcoins are very volatile and riskier. I prefer to trade bitcoin. If you go 1x leverage with bitcoin, your money can not vanish at once. Most altcoins are shit coins when it comes to trading.

Quote from: mirakal on September 26, 2024, 08:36:50 AM

Choosing which coins to trade should be based on their performance, so being able to analyze the market is vital. If we don’t, it could lead to losses. We need to think things through carefully and avoid rushing, as one mistake could empty our pockets. If we play our trades wisely, even with a $500 capital, we can still make some gains—not huge, but at least we earn something!

I will prefer to use $500 on bitcoin instead of those altcoins. If the market really dump hard, I can then decide to go with altcoins with maybe $100.

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Managing capital is one of the most crucial skills to master in trading. Having a large capital can be advantageous, allowing us to profit more if we put our buy/sell calls right. However, it also comes with risks—everything could vanish in an instant. It is a smart strategy to choose not just one coin; I often use altcoins, which are highly volatile.

Choosing which coins to trade should be based on their performance, so being able to analyze the market is vital. If we don’t, it could lead to losses. We need to think things through carefully and avoid rushing, as one mistake could empty our pockets. If we play our trades wisely, even with a $500 capital, we can still make some gains—not huge, but at least we earn something!

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

What percentage of interest do you think would be good for you to close the position?

The issue of profit depends entirely on the trader himself. There are some who like to take risks who also have enough money. Then there are some who like to take risks even if they have limited money. There are some traders who are not willing to take the risk even if they have money. But generally what we realize is that if an investor can make 10 percent profit from his trading then that should be enough. Personally though I have not been day trading recently but when I get 7-10 percent profit from my investment I take the decision to close my trading. There are many traders who lose their wealth due to excessive greed despite getting a good profit. So trading should be conducted with limited demand then the amount of profit increases.

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Initial fund 5k$ is big amount so 500$ is enough fund for day trading, but if your total fund is 200$ when 10% will be very low. Making profits in daily trading it's so difficult, beginner can not make profits in day trading, when will try to make profits they make mistake and bias trading. Also it can not be predict what percentage in experienced traders.

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A long time ago when I was at the beginning of my trading, the advice from a trader I followed was 1%-2% by only using 10% of the total capital that we have, and I followed this, and honestly sometimes this works but not a few also do not achieve it because the time to open a position is also quite decisive, and also consistency is often difficult to do especially when you see an opportunity to get more then usually increase the target but the opposite happens.

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First and foremost, it's highly impossible for a day trader to gain profits on a daily basis. But losing their funds daily could always be possible most particularly for inexperienced traders.

Now talking about the percentage, we all have different preference. But in general, whether its 3%, 5% or even 10% is still reasonable enough, as long as you can afford losing that amount and you are spending your extra money in trading that you are comfortable to lose.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

I think that if you have $5000 in your account and use $500 for daily trading, that will be completely meaningless. Your daily trading at least should cover your daily expenses, right? You need at least 10% profit daily from $500 but that's very risky and if we see the market, top cryptocurrencies sometimes perform steady rise and fall between 2-3%. Making a 2-3% from $500 is not trading, it's playing cheap games. To my opinion, if someone trades daily, they should have a big capital, like 50K USD and should aim very low profit, like 0.2%-0.5% or sometimes higher, depends on the situation of course.

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Anywhere between 5-20% is good because cumulatively, you get around 100% weekly from your trade. If you're really consistent with such profit margin, you'd easily hit 400%+ in monthly ROI from your trades is a performance because not many traders are able to make consistent profits. Also worth noting that this ultimately depends on the size of account abd the size used per trade.

Quote from: tbct_mt2 on September 17, 2024, 10:57:23 AM

I don't use leverage because when I trade, I only trade in Spot. Without leverage, I can not open short positions but I don't mind about it. I can use my own money, wait for price change and buy to get profit from price bounce. It means I use my own money to trade with Long position, but saying Long position is not too accurate as Long is for leverage trading. It is more accurate to say, I only trade by buying low, selling high, in Spot trading.

You can open a 1x short position which is almost the same as selling options since you're expecting the price to go lower.

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Quote from: Gladitorcomeback on September 19, 2024, 07:48:06 PM

Things can differ based on a user's location and the type of trading they are into. If someone is trading daily in the spot market, I believe $20 to $30 a day with $500 is more than enough, if you want more, you should increase your capital. If someone is earning $20 a day from spot trading with that capital, I think they are successful as a trader considering they are making their trades very carefully and aren't losing large funds by making reckless decisions.

As said by some other users as well, the daily profit target of a trader would also depend on where they live. If you live in a third-world country where the cost of living is generally lower than in developed countries, you wouldn't need a lot of money to spend a stress-free life, so maybe like $10 to $15 a day would be good enough, it won't make someone rich but they can live their life easily with it.

Being successful in trading is when we hit our desired target profits and I think it doesn't really matter if on what ways we achieved it (i.e. through luck, skills but being reckless, etc...). Of course to be careful and being strategic is always better than the other way around. This makes us to increase our chances of earning. Living a stress-free life is actually not about spending more money but it was the opposite. Earning money (lots of it) is stressful, however once we do and then we also use it to satisfy our cravings, the stress that we are feeling can also be quenched. Guess it only depends if which among the two scenarios we prefer.

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Quote from: tbct_mt2 on September 18, 2024, 09:46:40 PM

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Most traders use 10x leverage due to counterparty risk. Say they have $1,000,000 in capital, they rather just deposit $100,000 to the exchange and use 10x leverage and just deposit/withdraw as the trade moves against/towards profit and they only can lose $100K if the exchange goes bust.

The liquidation map shows that 100x leverage is most vulnerable to market liquidations in both sides, up or down, Long or Short.
https://www.coinglass.com/pro/futures/LiquidationMap

100x leverage in trading is gambling just like you said. Also some people that you see using 20x leverage which I still think is too much are not using it with all their coins. They may have $100 for trading but decide to leave $25 on an exchange and use 20x on $25 leverage instead of the 5x leverage on $100. They will let the trading account be the default deposit and also use the network that can be fast the get confirmed onchain.

If I am trading bitcoin, I prefer to use not more than 12x leverage but which I still think to be too much. I am planing to cut it down to 3x leverage which I think is better.

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Quote from: X-ray on September 20, 2024, 01:31:07 AM

I mean, if you just use small margin compared to your overall margin account just $3 of you're entire margin account worth of $1000, you're pretty much safe, the PNL percentage might be different but when we are trading we talking from the perspective of many USDT we lost or profit.

it's after all just a game of number. $5 with 100x leverage and $20 for margin buffer is the same as $25 using 20x leverage with $0 margin buffer in term of risk.

I would say that doing those type of risk diversion isn't really that much of a big difference and doesn't really do much in the end. I am not saying that you could be wrong, you could both be wrong or you could be right we wouldn't know and either doesn't mean anything good just because you are doing it, you should not worry about using which method and instead focus on doing the right thing with what you are dealing with.

I think it is going to be something that is going to get some good results one way or another. I think it has to be something that is getting a good result either way if you are picking the right direction and losing if you pick the wrong decision as well. I think we should be happy that we can make so much money with so little in the end and could profit so much.

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Quote from: tvplus006 on September 20, 2024, 10:52:22 AM

Quote from: shield132 on September 17, 2024, 11:36:09 AM

You can't imagine how much money you'll earn in the end if you aim only 2% every day. I even created a thread about this case with the daily investment compound calculator...

It's just a wish, not a reality) Each of us can set any kind of plans, but they cannot always be fulfilled. As for trading, the main thing is to avoid losses, and the profit obtained as a result of trading can be any.

But at least there needs to be management and profit targets that will be obtained in daily trading.
It is not easy to do day trading because it requires good technical analysis skills and how to predict prices from the charts that are already available.

Indeed, the plan will not always be successful and there will definitely be failures, but with good planning and management it will be a strategy that will direct the trade to the profits that will be obtained.

It's also about the upper and lower limits, so there's a limit to how much loss you can afford and how much profit you can make.

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Quote from: mindrust on September 17, 2024, 02:01:35 PM

3%-5% is great I think. That's if you are lucky. People usually chase 10-20% gains and that's why they end up being losers because they don't know when to say enough. Still though, I'd rather do the hodl stuff because trading is pretty stressful. If you get trapped on the wrong side of the trade, you'll have to wait for some. That's why day trading doesn't make much sense to me. You can wait 2-3 years on the same position and can make much more than trading.

Exactly, I would say that what should actually be focused on in trading is not about how much daily profit you get but how consistently you get that profit, because even if for example we only target a profit of 3-5% as you said but if it happens consistently then of course the amount will also be large. So even if for example you have a large enough capital, don't focus on getting a profit of 100% of the capital, it is very difficult and too risky, you can get a profit of 3-5% quite easily with a large amount of capital, it is much better than going out with a loss.

On the other hand overall yes I can also say that daily trading is really stressful, very draining energy and mental, especially if we are already trapped in emotions. Therefore I also prefer other options such as investing in spots with a period of several years ahead.

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Quote from: shield132 on September 17, 2024, 11:36:09 AM

You can't imagine how much money you'll earn in the end if you aim only 2% every day. I even created a thread about this case with the daily investment compound calculator...

It's just a wish, not a reality) Each of us can set any kind of plans, but they cannot always be fulfilled. As for trading, the main thing is to avoid losses, and the profit obtained as a result of trading can be any.

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Quote from: tbct_mt2 on September 19, 2024, 06:00:07 AM

With higher leverages, your position will be liquidated with smaller price changes. There are different margin order types, Cross and Isolated. Depends on margin type, your position will be liquidated with capital used for that position with Isolated margin or whole capital will be liquidated with Cross margin.

With lower leverages, you have better ability to control risk and avoid liquidations but it does not mean 10x, 5x leverages can give you guarantee that your positions will never be liquidated. Even 2x leveraged position can be liquidated to so if you are not afford to lose trading capital, don't use leverages.

When you use small trading capital but leverage it with high margin, you will more easily lose that fund and repeat it many rounds, you will also lose big trading capital. I meant with high leverages, it won't help you to avoid big loss if you do that mistake many times.

The issue is that people who use leverages do not understand "how much" it is required for their position to be liquidated. They think that with just a big portion like a 5% drop then it would be gone, but in reality it's more like 1% if you have a 100x leverage, and it goes 1%+ on the wrong direction. They do not realize that and they think that they will be fine and because of that they make a lot of problems as well.

I believe that we are going to end up with some issues if we are not careful and that how much should be known beforehand. I cannot believe that we are going to see this type of situation being easy for anyone. I know that it is going to take a while but that doesn't mean that we are going to see this be understood by everyone that commonly unfortunately. The reality is that we are going to see something that will get bigger problem for a lot of people and we can't really see this get any type of mistake fixed, people will keep making these problems.

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I do at least 10-20 percent of my capital because I do not have a lot of time to do a trade I make up at least a position and mark up those possible coins have the potential to trade, you don't need even to reach at least a 100 percent of your trade to make a call for a day well possible to have this but its very exhausting in my part I just did this one time, so having that is quite enough for me. I recommend to having a tracker with all of your trades, exchange have this but of course its good if you have too just for your personal checking with the trades if still on gain or not.

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Quote from: tbct_mt2 on September 19, 2024, 06:00:07 AM

Quote from: X-ray on September 19, 2024, 01:29:52 AM

it depends on the strategy, some people like to do 100x leverage but significantly lowering their margin and put large stop-loss which sometime exceeds 1000% because the margin is low, maintaining such low margin is easy even if market turning worse.

usually the people that used 10x leverage are people with big enough margin and also want to boost their profit so it's understandable that majority of people prefer 10x, moreover using 100x is scary event though with proper trade, we can prevent too much loss, I personally though always use 2-5x leverage, so if market crashes, I can just wait it out, since the liquidation price aren't too thin so my money is safe.

With higher leverages, your position will be liquidated with smaller price changes. There are different margin order types, Cross and Isolated. Depends on margin type, your position will be liquidated with capital used for that position with Isolated margin or whole capital will be liquidated with Cross margin.

With lower leverages, you have better ability to control risk and avoid liquidations but it does not mean 10x, 5x leverages can give you guarantee that your positions will never be liquidated. Even 2x leveraged position can be liquidated to so if you are not afford to lose trading capital, don't use leverages.

When you use small trading capital but leverage it with high margin, you will more easily lose that fund and repeat it many rounds, you will also lose big trading capital. I meant with high leverages, it won't help you to avoid big loss if you do that mistake many times.

I mean, if you just use small margin compared to your overall margin account just $3 of you're entire margin account worth of $1000, you're pretty much safe, the PNL percentage might be different but when we are trading we talking from the perspective of many USDT we lost or profit.

it's after all just a game of number. $5 with 100x leverage and $20 for margin buffer is the same as $25 using 20x leverage with $0 margin buffer in term of risk.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Things can differ based on a user's location and the type of trading they are into. If someone is trading daily in the spot market, I believe $20 to $30 a day with $500 is more than enough, if you want more, you should increase your capital. If someone is earning $20 a day from spot trading with that capital, I think they are successful as a trader considering they are making their trades very carefully and aren't losing large funds by making reckless decisions.

As said by some other users as well, the daily profit target of a trader would also depend on where they live. If you live in a third-world country where the cost of living is generally lower than in developed countries, you wouldn't need a lot of money to spend a stress-free life, so maybe like $10 to $15 a day would be good enough, it won't make someone rich but they can live their life easily with it.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Closing the market will only depend when my analysis is invalidated and won’t go further in the direction I’ve analyzed it to follow. My profits will depend on the lot size I’m using and how much I’m willing to risk to get that amount out of what I’ve invested among my total investment. I won’t say because I’m risking a particular amount and what I need for that day is enough for my expenses will trigger to close the trade. My analysis supersedes all and if it’s yet to be invalidated, I’ll continue to hold the trade until it reach the set TP or will leave the market immediately there’s an annul to my prediction that the market is moving on. With such a mindset, you’ll be able to handle your psychology more and win in big trades which sometimes comes once in a while.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Day trading is something that not everyone would really be able to get a hold of or something that could be able to effectively be profitable and thats why we do have those traders who are long term ones or could be swinging type. Capital management is something that would really be crucial or something that you will really be needing up because you wont really be able to survive this volatile space if you arent that mindful
about on the things you've been doing. PRofit target? 5-10% a day would be the max and 2-3% if you would really be that conservative or not really that a risk taker. It will really be just that depending on how well
you do make up trading and it will really be always reflecting out on how well you do make trades and this is something that will differ into each trader. This would really be survival of the fittest and if you dont trade well then that would be a sure loss for you.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

it depends on two things; the leverage and your LOT size for every trade. Repositioning is also very important in this case as well... Let's assume you set your lot size to be 0.1 for every entry, and your stop loss stands in a close position just below the trade ( assuming the market was bullish), you can make atleast 5 dollars before there's any retracement... This method is called scalping

How much you can make as daily profit depends solely on how often you opened a position... Mind you, it's possible to begin a trade in the hourly time frame, hoping to jump in for some profits but it retraces after some minutes - that's a huge loss for you on that one.. it maybe over $20 or more, depending on how you set your stop loss.

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Quote from: X-ray on September 19, 2024, 01:29:52 AM

it depends on the strategy, some people like to do 100x leverage but significantly lowering their margin and put large stop-loss which sometime exceeds 1000% because the margin is low, maintaining such low margin is easy even if market turning worse.

usually the people that used 10x leverage are people with big enough margin and also want to boost their profit so it's understandable that majority of people prefer 10x, moreover using 100x is scary event though with proper trade, we can prevent too much loss, I personally though always use 2-5x leverage, so if market crashes, I can just wait it out, since the liquidation price aren't too thin so my money is safe.

With higher leverages, your position will be liquidated with smaller price changes. There are different margin order types, Cross and Isolated. Depends on margin type, your position will be liquidated with capital used for that position with Isolated margin or whole capital will be liquidated with Cross margin.

With lower leverages, you have better ability to control risk and avoid liquidations but it does not mean 10x, 5x leverages can give you guarantee that your positions will never be liquidated. Even 2x leveraged position can be liquidated to so if you are not afford to lose trading capital, don't use leverages.

When you use small trading capital but leverage it with high margin, you will more easily lose that fund and repeat it many rounds, you will also lose big trading capital. I meant with high leverages, it won't help you to avoid big loss if you do that mistake many times.

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Quote from: tbct_mt2 on September 18, 2024, 09:46:40 PM

The liquidation map shows that 100x leverage is most vulnerable to market liquidations in both sides, up or down, Long or Short.
https://www.coinglass.com/pro/futures/LiquidationMap

it depends on the strategy, some people like to do 100x leverage but significantly lowering their margin and put large stop-loss which sometime exceeds 1000% because the margin is low, maintaining such low margin is easy even if market turning worse.

usually the people that used 10x leverage are people with big enough margin and also want to boost their profit so it's understandable that majority of people prefer 10x, moreover using 100x is scary event though with proper trade, we can prevent too much loss, I personally though always use 2-5x leverage, so if market crashes, I can just wait it out, since the liquidation price aren't too thin so my money is safe.

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Quote from: adaseb on September 18, 2024, 05:59:12 PM

I think Arthur Hayes, the CEO of Bitmex, said that although they have 100x leverage, most traders actually only used like 10x or 12x or something like that.

Because when traders go too extremely with 100x leverage, they are no longer traders but already become gamblers. Your memory works like charm and the report from BitMEX says exactly like your memory.

50% of leverage users don't go more than 13x leverage and 60% of leverage users don't use leverage higher than 20x and only 30% of users go with above 30x leverages while 5% of them use 95x+ leverages for Long positions. Nearly similar figures for traders with Short positions and leverages.

BitMEX Leverage Statistics, April 2019

Quote

Most traders use 10x leverage due to counterparty risk. Say they have $1,000,000 in capital, they rather just deposit $100,000 to the exchange and use 10x leverage and just deposit/withdraw as the trade moves against/towards profit and they only can lose $100K if the exchange goes bust.

The liquidation map shows that 100x leverage is most vulnerable to market liquidations in both sides, up or down, Long or Short.
https://www.coinglass.com/pro/futures/LiquidationMap

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

I think Arthur Hayes, the CEO of Bitmex, said that although they have 100x leverage, most traders actually only used like 10x or 12x or something like that.

Most traders use 10x leverage due to counterparty risk. Say they have $1,000,000 in capital, they rather just deposit $100,000 to the exchange and use 10x leverage and just deposit/withdraw as the trade moves against/towards profit and they only can lose $100K if the exchange goes bust.

I think this is the real reason why people use leverage, mostly to counter any risks of the exchange going insolvent.

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If you are day trading with that amount, in order not to put your fund it too much risk, it will be better to only enter a position when you see a very good opportunity, so 30% 40% profit from the position is ok. But sometimes what can actually determine if you will end the trade or not is if the signal is very strong in the direction of your position, then you will have hope they you can leave the trade for some time and take profit around 60% above.

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5-10% is enough for day trading, it's just that for me this is difficult, especially in spot trading, the percentage profit is still difficult for me, unless futures trading can set that profit, it's just risky.

I just want to trade all at once instead of dividing into several positions, so the usual daily profit will be commensurate... I know some people have different strategies... that's the experience where I always trade in 1 altcoin and wait a few days to see the profit in spot trading.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

It is better to look at profits in terms of years instead of days, a very good trader can earn up to 10% per year, if we add the volatility of this market we could increase that amount up to 20% without the use of leverage, this means a monthly profit of just 2.2%, remember your profits compound if you keep trading with them, so you can imagine how low the daily profit from a day trader can be and how much lower it could be when you think about it in terms of each individual trade.

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Quote from: Poker Player on September 18, 2024, 08:49:10 AM

The question is nonsense.

It is not nonsense. I have noticed that there are many times I will be making money already but later the trade will go against me and I will be losing. I think setting percentage profit to it will be better than to be greedy. What percentage is enough for you daily which you think you are capable of making profit than losing.

Quote from: shield132 on September 17, 2024, 11:36:09 AM

A trader cannot make a profit every day, but it is understood that the OP is asking for the average daily profitability, that if I earn 6% one day and lose 4% the next, the average profit is 2%.

Even so, any average profit of whole digits is unrealistic. Those who respond here are either not traders or they count days of gains but not losses.

You have explained what it means as daily profit and later contradict yourself by saying it is not possible. It does not mean earning daily from trading but if you calculate your trading profit in long term like a year, that what amount would it be in percentage. This is a good question.

From what I have read from many sources, it was said that those that make profit of 5% annually are likely not to lose which is around 0.0137% daily. That amount is kind of small.

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The question is nonsense.

Quote from: shield132 on September 17, 2024, 11:36:09 AM

You can't imagine how much money you'll earn in the end if you aim only 2% every day. I even created a thread about this case with the daily investment compound calculator.
Let's say that you have 1000$ and aim to profit 2% of your investment per day but you reinvest everything and earn 2% of the total capital. With 1000$ and a daily 2% profit, you'll gain 1,377,400 million USD.

Here's the thing, setting a daily percentage, however low it may be, when compounded gives you exponential returns.

Quote from: _act_ on September 17, 2024, 01:39:40 PM

This looks very easy but it is far from reality. A trader can not be making profit everyday from trading.

A trader cannot make a profit every day, but it is understood that the OP is asking for the average daily profitability, that if I earn 6% one day and lose 4% the next, the average profit is 2%.

Even so, any average profit of whole digits is unrealistic. Those who respond here are either not traders or they count days of gains but not losses.

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Usually, I take 5%-7% for trading but if market condition is not good, maybe I will reduce to 3%. I will prefer to test the market before I put more money in trading. That is for spot trading.

In future trading, I can only use 1% to trade from my total money because I don't have much skills in analyzing the market. I don't mind if the profit is not big but if I can trade over and over, my profit will become big. That will be good for me as the risk to lose the money is not too big.

For trading altcoin, I will do the same 1% in future trading. But in spot trading, I will use 3% as altcoin seems more difficult for me to analyze and select the coin.

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Quote from: Oshosondy on September 18, 2024, 02:06:44 AM

Quote from: Barikui1 on September 18, 2024, 01:50:57 AM

Well due to how complicated trading is, it wouldn't be fair if I give you a direct answer because everyone don't have the same level of greed, you know that we are all humans and we all have our different troubles and financial needs, and I believe that it's one of the reasons that makes us to be greedy at some point, that instead of running away with our gains, we will be wanting more, and in the process we lose all our gains and even our capital sometimes, so It wouldn't be ok if I just give you a direct answer, because in as much as 10 dollar daily will be very much ok for me, it wouldn't be that ok to most people, because 10 dollar in most countries is just too small, while in some countries, it's huge, so your daily target depends on many factors.

Someone trading and thinking of making money for financial needs is not good at all. Someone should trade because he has time to trade but the person should earn from other places and not depend on trading. Money can be made from trading but trading is very risky. Which is the reason we should not see it that way.

Quote from: Barikui1 on September 18, 2024, 01:50:57 AM

So to answer your question, I would say to you that it should be determine by your level, which I don't know, because 10 to 20 dollar daily might be enough for me, but it might not be enough to you, due to your location, so it's all depends on your location and your level of greed.

I asked if percentage and not the exact money because I want to know the extent of risks some traders can go.

Ok, if it's by percentage, then I believe that 5% of your initial magin is very much ok daily.

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Quote from: Barikui1 on September 18, 2024, 01:50:57 AM

Well due to how complicated trading is, it wouldn't be fair if I give you a direct answer because everyone don't have the same level of greed, you know that we are all humans and we all have our different troubles and financial needs, and I believe that it's one of the reasons that makes us to be greedy at some point, that instead of running away with our gains, we will be wanting more, and in the process we lose all our gains and even our capital sometimes, so It wouldn't be ok if I just give you a direct answer, because in as much as 10 dollar daily will be very much ok for me, it wouldn't be that ok to most people, because 10 dollar in most countries is just too small, while in some countries, it's huge, so your daily target depends on many factors.

Someone trading and thinking of making money for financial needs is not good at all. Someone should trade because he has time to trade but the person should earn from other places and not depend on trading. Money can be made from trading but trading is very risky. Which is the reason we should not see it that way.

Quote from: Barikui1 on September 18, 2024, 01:50:57 AM

So to answer your question, I would say to you that it should be determine by your level, which I don't know, because 10 to 20 dollar daily might be enough for me, but it might not be enough to you, due to your location, so it's all depends on your location and your level of greed.

I asked if percentage and not the exact money because I want to know the extent of risks some traders can go.

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As a day trader myself I have different approach, I like to just fill my cross margin account with some balance and only use 1-2% of it for trading on leverage, for example if i fill my account with $500 I'd only use $5 to trade on high leverage with reasonable stop-loss, then gain high percentage of return, if ever market turning for the worse I will only lose 1-3% of the margin account balance and can always make up for it in the next trade with high RR trades.

This helps me a lot in managing my money and not to overtrade, overall really simple account and risk management on my side using this strategy, and the profit that I seek each day is probably just 2-3x of the risked capital which means 2-3% sometime in a really active market it can shoot up to 10% profit of entire margin account, do it repeatedly for prolonged time you can grow your entire wealth. this strategy scales easily with big capital.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Well due to how complicated trading is, it wouldn't be fair if I give you a direct answer because everyone don't have the same level of greed, you know that we are all humans and we all have our different troubles and financial needs, and I believe that it's one of the reasons that makes us to be greedy at some point, that instead of running away with our gains, we will be wanting more, and in the process we lose all our gains and even our capital sometimes, so It wouldn't be ok if I just give you a direct answer, because in as much as 10 dollar daily will be very much ok for me, it wouldn't be that ok to most people, because 10 dollar in most countries is just too small, while in some countries, it's huge, so your daily target depends on many factors.

So to answer your question, I would say to you that it should be determine by your level, which I don't know, because 10 to 20 dollar daily might be enough for me, but it might not be enough to you, due to your location, so it's all depends on your location and your level of greed.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

$500 is a good capital for any one to trade with, personally I like to use 5 of capital for a trade, many will say it is risky but that’s my trading plan. Now considering you’re asking where to close a $150 trade in profit, I don’t close trades base on the profits they get I am a trader that usually prefers my trading to close at my intended take profit or closes when I see a market shift due to My strategy is is to take my profit to where it was initially set, my RR ratio is always a 1:3 and when this trade reach this target and the analysis shows that the coin can move more than my initial target I usually lock my profit at the take profit and allow it to move further.

As for maybe setting a daily target of profit i don’t usually think it is a good idea to have daily targets it only makes you more greedy to trade more to achieve your target which often leads to over trading, a monthly target could even be better. So for a $150 trade a 3rr will be better to me

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3%-5% is great I think. That's if you are lucky. People usually chase 10-20% gains and that's why they end up being losers because they don't know when to say enough. Still though, I'd rather do the hodl stuff because trading is pretty stressful. If you get trapped on the wrong side of the trade, you'll have to wait for some. That's why day trading doesn't make much sense to me. You can wait 2-3 years on the same position and can make much more than trading.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Day trading is for the professional traders because they have the experienced which beginners like myself do not have. I do not trade daily but if I was a day trading, I will be comfortable with a profit of 3-5% daily depending on the capital that I am using to trade. Altcoins market are so fun to trade because they get very volatile and can give you an opportunity to make alot of profits or losses depending on how well you analyzed the market and your luck. You can not lose that much when you use stop loss so it favours anybody that knows how to trade. Trading altcoins, an interest of 5% minimum is what it will take me to close the trade. I do not trade futures therefore I am speaking about spot trading and if the market does not go according to my prediction, I will just hold until I get a good profit before selling.

_act_

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Quote from: shield132 on September 17, 2024, 11:36:09 AM

You can't imagine how much money you'll earn in the end if you aim only 2% every day. I even created a thread about this case with the daily investment compound calculator.
Let's say that you have 1000$ and aim to profit 2% of your investment per day but you reinvest everything and earn 2% of the total capital. With 1000$ and a daily 2% profit, you'll gain 1,377,400 million USD.

This looks very easy but it is far from reality. A trader can not be making profit everyday from trading. There are good days while also there are bad days. Day trading is also very risky. It is a bad way to trade for most traders.

Quote from: shield132 on September 17, 2024, 11:36:09 AM

Btw I personally prefer a different approach. I suggest you catch only the best moments and should not prioritize daily trading. By doing this, I manage to sometimes get as much as 40% profit and even 100% profit but I am also a victim of FOMO and sadly I'm not on a level where I won't follow FOMO. If you get 40% profit even 10-12 times in a row, you'll gain a huge profit and that's a very achievable dream.

This is a better approach. To be patient is better than day trading. Day trading will take money from most traders that give.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

You can't imagine how much money you'll earn in the end if you aim only 2% every day. I even created a thread about this case with the daily investment compound calculator.
Let's say that you have 1000$ and aim to profit 2% of your investment per day but you reinvest everything and earn 2% of the total capital. With 1000$ and a daily 2% profit, you'll gain 1,377,400 million USD.
Btw I personally prefer a different approach. I suggest you catch only the best moments and should not prioritize daily trading. By doing this, I manage to sometimes get as much as 40% profit and even 100% profit but I am also a victim of FOMO and sadly I'm not on a level where I won't follow FOMO. If you get 40% profit even 10-12 times in a row, you'll gain a huge profit and that's a very achievable dream.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

I don't use leverage because when I trade, I only trade in Spot. Without leverage, I can not open short positions but I don't mind about it. I can use my own money, wait for price change and buy to get profit from price bounce. It means I use my own money to trade with Long position, but saying Long position is not too accurate as Long is for leverage trading. It is more accurate to say, I only trade by buying low, selling high, in Spot trading.

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What percentage of interest do you think would be good for you to close the position?

I don't expect to get more than 3% to 4% daily because price usually does not change more than 3% or 4% so many times within 24 hours.

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Quote from: Oshosondy on September 17, 2024, 09:17:38 AM

Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Not a day trader, but for making a good living here in my region, 10$ to 15$ are more than enough, but if I could make 10$ to $15 daily, otherwise, if I doubt the market can make me this much profit, and if I doubt myself, then I will try to take advantage of the market situation, like recently when BTC was at $54, I would have bought more than before, and the capital would be more than just 10% of $5k.

If I would have $5k and I want to do daily trading via future or margin then %10 is more than enough but if I am doing spot then its not enough especially when trading in BTC, speaking of alts $150 is not enough in spot trading to make 10 to 15 dollar daily.

PS: I did not understand quit are you asking specifically about interest or profit?

Oshosondy

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Let us say you have $5000 in your account. You only move $500 to an exchange for day trading which is 10% of your money. I think many traders can use 10% for trading, although they can lose it if because trading is very risky.

You use 1x for bitcoin or less than 1x by not using all the $500 to trade at once. Let us say just $150 for altcoins.

What percentage of interest do you think would be good for you to close the position?

Topic: To day traders, what percentage do you think is better to make as profit daily (Read 661 times)