I do what I do when I'm doing trading I use a time frame let's say every 30mins when within 30 mins I see that I have a profit and at least 5-10% I will go down and then I will sell 30 mins again when it arrives 30 mins and the target extends such an interval again until the percentage profit target is reached.
This is just how I often do and sometimes every 4 hours this way I can help me somehow do my day trading here in Crypto Space
Topic: Trading with profitability - page 3. (Read 534 times)
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
it's just nonsense when we talk about "daily profit" consistent with day trading, when psychology can't be controlled and to panic, and lack of capital. Being consistent will not be easy, it requires more knowledge, not just basic trading knowledge. consistent daily profits will be more difficult than just holding for the long term. Must have consideration, which strategy is really suitable in order to produce maximum profits.
Day-trading, swing-trading, long-term trend trading, or even HODLing! NONE of these different trading strategies will give ANY user "daily profit"/"daily paper profit" because of the volatility and the unpredictability of the market. There will always, ALWAYS, be draw-downs in our investment portfolios.
As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?
(...)
Risk management comes here. If I were in your situation, I will always use the 10% rule. This means for every trade you open, it is must less than or a maximum of 10% of your capital/available balance is the size of your trade every time.(...)
And about the risk: reward ration, I am always doing some always 2 or above on that.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
it's just nonsense when we talk about "daily profit" consistent with day trading, when psychology can't be controlled and to panic, and lack of capital. Being consistent will not be easy, it requires more knowledge, not just basic trading knowledge. consistent daily profits will be more difficult than just holding for the long term. Must have consideration, which strategy is really suitable in order to produce maximum profits.
As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?
Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.
If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
Don't have my daily target profit but I have set my target for the whole Month since there are times that I cannot trade for a day due to some reason and by doing this, it gives me more time to analyze and more time to achieve my goal without making any pressure everyday. Its better to have your target profit for a longer period because you cannot make profit in trading everyday, there are time that you will be forced to sell at your cut loss price and you have to accept that fact. 10% profit for the whole month is ok for me, as long as I'm consistent on doing this. Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.
If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
I think newbie traders like me or who have a minimum amount of money will start to do trade futures or Contract Trading with leverage is very high risk and if we don't know what we doing its ended up like you have said continuing losing.
I want the target daily to be around 10$ or 70$ per week it's pretty much more than enough. and i usually only use 10-20x leverage and a max 35x.
But what is your trade startegy
I want the target daily to be around 10$ or 70$ per week it's pretty much more than enough. and i usually only use 10-20x leverage and a max 35x.
But what is your trade startegy
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
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If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
As a trader, if I have $1000 as my trading fund and decides to take advantage of bitcoin's price volatility to try to make some profit for myself, I personally believe that being able to make atleast, $5 profit each day consistently isn't a bad record, that is $35 in a week and $140 every month.
Yeah, I know this amount looks small but it's manageable is one can consistently make it every day, no matter how bad the market is or how much loss suffered initially.
And also worthy of note is that being overly greedy is also a reason why many traders end up loosing money.
Definitely not something that I would do, just way too risky. If I have 1000 dollars, I would buy bitcoin with 700 dollars of it and ETH with 300 of it and just let it be. On top of that, if I could just end up buying more later on when I get more money that would also be great as well, it will help me out a lot.
I was just having the same thought. I am not that much of a good day trader myself and when I do trade, I use very low amount. It will be around $100-300 on average. And my target is small too. When it comes to a huge number such as $1000, I wouldn't risk it by putting all at once and also not choose high leverage. I will try to avoid future trading. Just stick to the good old spot trading. And not to mention, I will never choose any Alts. My choice of poison is Bitcoin, no doubt. So yeah, this is how it should be for me.
Definitely not something that I would do, just way too risky. If I have 1000 dollars, I would buy bitcoin with 700 dollars of it and ETH with 300 of it and just let it be. On top of that, if I could just end up buying more later on when I get more money that would also be great as well, it will help me out a lot.
However, if I end up with nothing at all, and that's my only money, trading doesn't make sense. When would you trade? If you could trade with 100 dollars and put 900 dollars into investment, that would work, or have 9000 dollars for investment and 1000 dollars for trading then it would work. Put some into investment before you start trading.
However, if I end up with nothing at all, and that's my only money, trading doesn't make sense. When would you trade? If you could trade with 100 dollars and put 900 dollars into investment, that would work, or have 9000 dollars for investment and 1000 dollars for trading then it would work. Put some into investment before you start trading.
To be honest day traders work are really difficult. Making profit from the worse condition market makes them the warrior. But as a normal trader, I would suggest, rather than running after profits, make sure that you don’t make losses at first. Moreover during this post bear market, the market is really unpredictable. So anything and everything is happening to be honest. As a day trader, I won’t go above 5% of total bankroll to make profit, if you go for more profits, then the risk involved will also increase and hence there will will be more chances that you make more losses.
It is better that we look at consistent profit no matter how little than to aim at huge profit that will not be consistent. If we are trading for huge profit then that is also how huge the losses will be when we lose and if you are having bad trades, you run out of capital faster.
I agree with this in my own opinion --it is not appropriate to set a specific profit target as a day trader, as the market can be unpredictable and there is no guarantee that any particular trade will be profitable. Instead, day traders typically focus on managing risk and maintaining discipline in their trading strategies to minimize losses and maximize gains over time. Because if you are going to ask me, it is recommended that traders use only a small portion of their total portfolio for day trading and maintain a long-term investment strategy for the majority of their assets. Traders should always conduct thorough research and analysis before making any trading decisions and be prepared to adjust their strategies based on market conditions and don't focus on one strategy. One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.
--Snip--
Snipped the rest of the post because it's already a mistake to have a presumption that opportunities to make $100 or more daily to take will always be there for plebs like many of us. If it's possible that they are always there to take, traders who are more well-capitalized than us, who are more skilled than us, and they have a thousand systematically, well-programmed trading-bots to use against us.
Earning $5 daily is not really compensable if you are trading the whole day while risking $1000 but never I think also this is the only we got for every day, we can make good trades the following day, maybe. But if we just spend 3-5 hours and got $5 as a minimum profit daily, I think that was good enough at least we did something than losing $5. We can't expect huge profits using Bitcoin for trading unless we use altcoin but yes, consider the high risk which could possibly lose your money in a day.
5X leverage should be okay enough to get that target.
If using 5x, you will be good to know how to use stop loss. Stop loss is not my thing because of the low leveage I use, during high volatility I have just little losses if trading bitcoin. Sometimes it is good to know that the more we are looking for profit, the more the loss if the price direction is opposite to the position opened and also the more can be the emotion.By 0 leverage, I meant don't use leverage.
I understood you, but just I only corrected you, there is nothing like 0 leverage. At least you will use 1x leverage in future trading. Or did you mean future trading should no be gone for, is spot trading is what you are suggesting?I don't think a trader with $1000 capital will need to trade using Leverage to make $100 a day. Everyday must not be good to the trader, the reason i try to trade the obvious. If my analysis is clear i still to the profit plan if it has some iota of doubt i take anything the market offers and close for the day. Leverage trading is a trap in disguise.
I think so too, all I can do for leverage sometimes is to just go 3x if the market did not favour, and if gone 3x it must not be more than because that kind of averaging is also very risky and can latter lead to liquidation if you continue to increase it. I prefer to just start with 1x and if profit result, then close the trade. 10% profit is a bit high target for day trader regardless of the capital because you will be obsessed on profit hunt that always result to loss most of the time. For me, Somewhere between 1% to 5% is a decent profit for a scalp trading and same percentage for my stop loss. I’m not looking for the amount target because this will ruin my strategy.
1-5% profit is fine for scalpers but for day traders who hodl on to a certain position for longer hours sometimes the whole day 10% isn't high. Except when the trend has gone far from the a good and reliable entry point. But if a trader was to start a trend early enough 10% profit is very much moderate. Quote
Let’s say I want 100$ profit per day then I will need more capital than 1000$ to hit that target in daily basis rather than do a risky trade like increasing leverage just to get that target profit.
I don't think a trader with $1000 capital will need to trade using Leverage to make $100 a day. Everyday must not be good to the trader, the reason i try to trade the obvious. If my analysis is clear i still to the profit plan if it has some iota of doubt i take anything the market offers and close for the day. Leverage trading is a trap in disguise.
10% profit is a bit high target for day trader regardless of the capital because you will be obsessed on profit hunt that always result to loss most of the time. For me, Somewhere between 1% to 5% is a decent profit for a scalp trading and same percentage for my stop loss. I’m not looking for the amount target because this will ruin my strategy.
Let’s say I want 100$ profit per day then I will need more capital than 1000$ to hit that target in daily basis rather than do a risky trade like increasing leverage just to get that target profit.
Let’s say I want 100$ profit per day then I will need more capital than 1000$ to hit that target in daily basis rather than do a risky trade like increasing leverage just to get that target profit.
One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.
As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?
Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.
If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
in leveraged trading the use of money management is highly recommended, so we must trade in a healthy manner. in other words, setting a clear stop loss, for example a maximum of 5%, and it depends on our trading strategy. on the other hand, use a realistic target, as you stated 0.5% per day, and I think that way your trading will be more relaxed, so this will affect our stress level, where our healthy minds will be more awake As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?
Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.
If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
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