Trading with profitability | Bitcointalksearch.org

TimeTeller

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Quote from: South Park on March 15, 2023, 01:27:57 PM

Quote from: GeorgeJohn on March 07, 2023, 05:18:28 PM

That's what some people don't understand in trading strategies, it's better for someone to be making small amount than eyeing a larger amount of profit that it can't merit or catch, so therefore it's neither using one stone to kill two birds than not killing anyone with twelves stones, many people are greedy in trading and that's what makes them not make profit in trading due they are targeting ambiguous profit in each of their trading.

Not only that, traders are always looking for that one trade that will make them rich, an example of this are all the people that are always looking at altcoins in which to invest as they hope they skyrocket and they become rich in a matter of months, however someone which could achieve small profits each day for years could achieve similar results with a risk which is many times smaller, however this trading style is not favored as it takes time and discipline, two characteristics many traders lack.

But do remember, one mistake in trading and you can easily lose the small profits from your scalping.
So you also need to be ready for such situation. But if you found scalping to earn you daily profits, why not?
With the volatility factor of btc alone, as it goes up and down many times in a day, you can indeed make profit within the day.
This strategy for me is a tiring one as you need to look the charts like all day long. This is only good if you have no other job to attend to.

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Quote from: GeorgeJohn on March 07, 2023, 05:18:28 PM

That's what some people don't understand in trading strategies, it's better for someone to be making small amount than eyeing a larger amount of profit that it can't merit or catch, so therefore it's neither using one stone to kill two birds than not killing anyone with twelves stones, many people are greedy in trading and that's what makes them not make profit in trading due they are targeting ambiguous profit in each of their trading.

Not only that, traders are always looking for that one trade that will make them rich, an example of this are all the people that are always looking at altcoins in which to invest as they hope they skyrocket and they become rich in a matter of months, however someone which could achieve small profits each day for years could achieve similar results with a risk which is many times smaller, however this trading style is not favored as it takes time and discipline, two characteristics many traders lack.

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Quote from: GeorgeJohn on March 07, 2023, 05:18:28 PM

Quote from: Bushdark on March 07, 2023, 05:07:36 PM

Quote from: GeorgeJohn on March 07, 2023, 04:15:50 PM

Quote from: Questat on February 27, 2023, 06:44:28 AM

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.

You are right, because making even though $2 daily is more preferable than someone who losses in the market, adding the profit $2 or $5 daily will give you some reasonable amount, and it's preferable than getting lose everyday, i believe that anyone who venture to get small fraction of profit daily it's will triggers the person to get another strategies of making another profit, because i understand that a consistent trading or strategies of trading that gives profits will trigger a trader to acquire more knowledge of trading.

Making small profits consistently is better that having a huge winning today and losing a big tomorrow. If we calculate the amount a trader that is having consistent winning everyday even though it is small is better than a trader that Win big today and lose tomorrow. It is certain that losing is part of the market endeavours but it does not make sense when we keep losing and having small winning when we trade. The aim is to make profits not to keep losing which is can be very painful winning and losing at the same time.

That's what some people don't understand in trading strategies, it's better for someone to be making small amount than eyeing a larger amount of profit that it can't merit or catch, so therefore it's neither using one stone to kill two birds than not killing anyone with twelves stones, many people are greedy in trading and that's what makes them not make profit in trading due they are targeting ambiguous profit in each of their trading.

If you are really that having that kind of behavior on which you are really that rushing up yourself on making huge or big profits just because you had seen it somewhere then it would really be creating that kind of

desperation which is something that you should really be avoiding on because it would really just making out that kind of desperation which would causes lots of errors and mistakes. Trading is never been simple

because you would really be needing lots of factors which you would really be needing to adjust and make it more enhance on making yourself that more better.
Profits would come along if you do just really do those basic principles but of course you should need to trade up well.

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Quote from: milewilda on March 07, 2023, 03:16:40 PM

When it comes on trading up bitcoin or trying out to snip out even on little movements then when it comes to spot then profits cant really be felt much unlike when you tend to higher up the leverage then this is where
you do able to felt out the profits but we know that not all or really that not suggetible on going into higher leverage if you are just still new on trading field. Stick with spot and its better to make yourself that
mastered out on staying up this area before you do consider out on touching up leverage/futures trading. Profit would really be basing up on how well you do make up trades.It doesnt matter
on which one you are involving into as long you do have done your part then this what matter the most.

Much better to stay with spot if you're not yet used to futures. I see people making the best of their trades with futures but if it works for them, it doesn't mean that it will work for me as well. We're all different traders and the risk that we take are also changing and will base on how's our take on it.

Quote from: Fivestar4everMVP on March 07, 2023, 03:26:01 PM

$5 to $10 is what some really good traders would make even before they get out of bed in the morning, though this is really a good strategy, I highly doubt if a serious day trader would be able to continue to stick to this type of plan for a long time, i mean with much discipline, a serious day trader, even after having made this amount easily could one day be tempted to try to make more money since there is still very much time and opportunity in the market.
I am not speculating though, this is something I've experience before, and sad to say that, this was how ended up making some huge loses in trading, at the time though.

There are traders that are disciplined and they choose to be quiet with their journey. No social media and they're all alone on this way but getting information and strategies from various sources like they're stuck in their cave room and will just come out when they've mastered it.
The amount is also important so that there won't be that much of an issue if you fail. And as they're disciplined, when they think they are ready to upscale and aim for another goal, they'll test it if it's doable.

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Quote from: Bushdark on March 07, 2023, 05:07:36 PM

Quote from: GeorgeJohn on March 07, 2023, 04:15:50 PM

Quote from: Questat on February 27, 2023, 06:44:28 AM

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.

You are right, because making even though $2 daily is more preferable than someone who losses in the market, adding the profit $2 or $5 daily will give you some reasonable amount, and it's preferable than getting lose everyday, i believe that anyone who venture to get small fraction of profit daily it's will triggers the person to get another strategies of making another profit, because i understand that a consistent trading or strategies of trading that gives profits will trigger a trader to acquire more knowledge of trading.

Making small profits consistently is better that having a huge winning today and losing a big tomorrow. If we calculate the amount a trader that is having consistent winning everyday even though it is small is better than a trader that Win big today and lose tomorrow. It is certain that losing is part of the market endeavours but it does not make sense when we keep losing and having small winning when we trade. The aim is to make profits not to keep losing which is can be very painful winning and losing at the same time.

That's what some people don't understand in trading strategies, it's better for someone to be making small amount than eyeing a larger amount of profit that it can't merit or catch, so therefore it's neither using one stone to kill two birds than not killing anyone with twelves stones, many people are greedy in trading and that's what makes them not make profit in trading due they are targeting ambiguous profit in each of their trading.

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Quote from: GeorgeJohn on March 07, 2023, 04:15:50 PM

Quote from: Questat on February 27, 2023, 06:44:28 AM

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.

You are right, because making even though $2 daily is more preferable than someone who losses in the market, adding the profit $2 or $5 daily will give you some reasonable amount, and it's preferable than getting lose everyday, i believe that anyone who venture to get small fraction of profit daily it's will triggers the person to get another strategies of making another profit, because i understand that a consistent trading or strategies of trading that gives profits will trigger a trader to acquire more knowledge of trading.

Making small profits consistently is better that having a huge winning today and losing a big tomorrow. If we calculate the amount a trader that is having consistent winning everyday even though it is small is better than a trader that Win big today and lose tomorrow. It is certain that losing is part of the market endeavours but it does not make sense when we keep losing and having small winning when we trade. The aim is to make profits not to keep losing which is can be very painful winning and losing at the same time.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

With $1000 as day trading capital, I will be looking for 3 to 5% profits and the reward ratio is high when we constantly hitting the target everytime. But the volatility its self is the boon and bane for the day traders so its almost impossible to do it everyday so when the market is in downtrend just avoid trading at all or just quit with minimum loss like 10% with stop loss is great strategy.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

This is ow a trader will commonly lose their money very easily when trading with leverage. There is bad money management plus greediness that will always make the traders lose their chance to take profits and then lose their money. This has been done several times until we find many traders especially newbies are expecting high profits quickly, so they ignore some advice not to be greedy, advice to be more careful in managing the money for trading. Trading with leverage is always risky, riskier than trading in the spot. However with higher leverage. I suggest newbies or whoever is new tot this not do this because it is more to gambling without any skills and capability only.

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Quote from: Questat on February 27, 2023, 06:44:28 AM

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.

You are right, because making even though $2 daily is more preferable than someone who losses in the market, adding the profit $2 or $5 daily will give you some reasonable amount, and it's preferable than getting lose everyday, i believe that anyone who venture to get small fraction of profit daily it's will triggers the person to get another strategies of making another profit, because i understand that a consistent trading or strategies of trading that gives profits will trigger a trader to acquire more knowledge of trading.

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Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

$5 to $10 is what some really good traders would make even before they get out of bed in the morning, though this is really a good strategy, I highly doubt if a serious day trader would be able to continue to stick to this type of plan for a long time, i mean with much discipline, a serious day trader, even after having made this amount easily could one day be tempted to try to make more money since there is still very much time and opportunity in the market.
I am not speculating though, this is something I've experience before, and sad to say that, this was how ended up making some huge loses in trading, at the time though.

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Quote from: blockman on March 07, 2023, 02:19:37 PM

Quote from: Kelvinid on March 06, 2023, 04:52:16 PM

Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.

It's possible for bitcoin but you have to go it with the leverage type of trading and as I know, not that many would like to be in there because of how risky it is to do that.
But having a little target every time we trade will also help because it wouldn't force us to reach some quite huge amount that we have to make within the day.
It's easier to be on that shoe than to be trying hard trading and then you won't meet that expectation of reaching that target being a trader. You don't have to be hard on yourself but just be profitable, whether it's not so high or just middle income as a trader, that's already a good thing as you progress more and soon you'll take more risk depending on your take and assessment of yourself.

When it comes on trading up bitcoin or trying out to snip out even on little movements then when it comes to spot then profits cant really be felt much unlike when you tend to higher up the leverage then this is where
you do able to felt out the profits but we know that not all or really that not suggetible on going into higher leverage if you are just still new on trading field. Stick with spot and its better to make yourself that
mastered out on staying up this area before you do consider out on touching up leverage/futures trading. Profit would really be basing up on how well you do make up trades.It doesnt matter
on which one you are involving into as long you do have done your part then this what matter the most.

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Quote from: Kelvinid on March 06, 2023, 04:52:16 PM

Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.

It's possible for bitcoin but you have to go it with the leverage type of trading and as I know, not that many would like to be in there because of how risky it is to do that.
But having a little target every time we trade will also help because it wouldn't force us to reach some quite huge amount that we have to make within the day.
It's easier to be on that shoe than to be trying hard trading and then you won't meet that expectation of reaching that target being a trader. You don't have to be hard on yourself but just be profitable, whether it's not so high or just middle income as a trader, that's already a good thing as you progress more and soon you'll take more risk depending on your take and assessment of yourself.

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Quote from: tygeade on March 07, 2023, 04:46:35 AM

Quote from: michellee on March 06, 2023, 12:29:25 AM

Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.

Possible and likely are not the same things. I agree that it is possible, it is also possible to make 100 dollars per day with 1000 dollars as well, you just need to make 10% and that is "possible" but is it likely? I do not think so.

Someone new making 4x return in a single year with 1000 dollars is also possible but it is not likely. Don't get me wrong, I am not saying that it won't happen, or never happened or never will happen, I am sure someone will eventually do it, or maybe even did it, but just because one out of thousand tries happened to be a success, doesn't mean that will also be you. I would say having some more realistic expectations could be better.

And this is what people do not get, as soon as you mention averages and probabilities they begin to talk about how this one person they know got what they wanted despite the odds, and they think why the same should not happen to them? And when I am told that I just shut up and let them do whatever they want as I know they do not understand my arguments at all and they will do whatever they want, even if this means they will have to learn the hard way why going against the probabilities is such a bad idea.

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It is a good profit standard sets by using 1000$ to earn 5$ in a day trading. Of course, using another altcoin might be too much of a risk. Bitcoin is good and its volatility is extremely low compared to these other coins and its dominance is nothing bad to be talked about. A 10% profit is indeed a go for me too.

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Quote from: michellee on March 06, 2023, 12:29:25 AM

Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.

Possible and likely are not the same things. I agree that it is possible, it is also possible to make 100 dollars per day with 1000 dollars as well, you just need to make 10% and that is "possible" but is it likely? I do not think so.

Someone new making 4x return in a single year with 1000 dollars is also possible but it is not likely. Don't get me wrong, I am not saying that it won't happen, or never happened or never will happen, I am sure someone will eventually do it, or maybe even did it, but just because one out of thousand tries happened to be a success, doesn't mean that will also be you. I would say having some more realistic expectations could be better.

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A large amount of capital for me is always needed for trading because sometimes the market movement is just the slow price movement that's why scalpers always grab the opportunity to make a position still unless you make a huge leverage just to make a small wins it's too much risky move.
I guess ideal of you gain profit at least a 20% of your capital every day still a winning day.

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Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.

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Quote from: Scripture on March 05, 2023, 05:55:03 PM

Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.

Yes, it's a fact that even if you've got a higher capital it doesn't give you a ticket to guarantee your profit. It is giving you the survivability to stay longer as you trade but if you're no good it's possible that it will be wasted and be gone.
The higher a trader aims for more profit, the riskier they take that path because you'll be doing things so that you can achieve that expected profit as you trade. But the better way is to trade casually and don't aim for any amount or if you do, don't expect a lot and just keep on trading until you think that you can fairly reach those high targets you set. But always remember, set realistic goals in trading.

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Quote from: borovichok on March 05, 2023, 08:48:31 PM

Quote from: abel1337 on March 05, 2023, 06:50:05 PM

There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.

Unlike to small accounts with modest lotsizes, which usually result in liquidation, higher capital yields significant gains. Particularly when the market is volatile, we should manage our trading accounts and know what to do and the things to permanently remove from our minds. Our primary goal is to hold positions in trading that generate enormous profits. There is unquestionably only happiness when a trade reaches our target price for the day. Some traders will close their accounts for the day right away, while others will try to enter another set of trades despite the fact that there is an 80% chance that they will result in losses.

for those who can understand what to do, then they can survive in the trade. but for those who are controlled by emotions, they will be mired in the destruction of their trading. trading is not just profit or loss, but how we plan a healthy portfolio to run. if this can be done, then our emotions will be stable enough to face a volatile market, because in the future there will be various kinds of market conditions to be addressed properly, in order to achieve targets like the previous portfolio

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Quote from: tygeade on March 03, 2023, 09:50:39 AM

Quote from: michellee on March 02, 2023, 05:49:27 AM

Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.

That 5 dollars per day is actually pretty good when you consider how quickly you could grow. If you make about 0.5% per day, that means on 100th day you would have 500 dollars more, and that's not even counting exponentially, that 0.5 will become 7.5 dollars, and in another 100 days you would have 2250, and in another 100 days that would be 3300+ dollars, as you can see even before the year runs out, even if we just restock it every 100 days, it is already 3x for you and then we have another 65 days left for the year, which would make it 4k+ and 4x profit as well.

That's what we need to consider when we are making these type of investments, small but consistent profits matter more than quick returns.

Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.

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Quote from: abel1337 on March 05, 2023, 06:50:05 PM

There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.

Unlike to small accounts with modest lotsizes, which usually result in liquidation, higher capital yields significant gains. Particularly when the market is volatile, we should manage our trading accounts and know what to do and the things to permanently remove from our minds. Our primary goal is to hold positions in trading that generate enormous profits. There is unquestionably only happiness when a trade reaches our target price for the day. Some traders will close their accounts for the day right away, while others will try to enter another set of trades despite the fact that there is an 80% chance that they will result in losses.

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Quote from: Scripture on March 05, 2023, 05:55:03 PM

Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.

There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.

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Quote from: blockman on March 05, 2023, 03:29:19 PM

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.

teosanru

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

If I am a trader with $1000 capital the profit that I'll be expecting in a month will be around 20-30% on my overall capital which means a profit of around 200-300$ per month. For this if you breakdown daily profit should be around 8-10$ per day but the problem is that all days are not consistent as you might lose money on a few days and make more on a few so better to take monthly targets. But yes try to achieve them by staying by your rules don't overtrade just to meet the target as it can backfire pretty easily.

blockman

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$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

FanEagle

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I think everyone has different approach and they may do something with it. But mine is basically just understanding that it's not going to be a simple thing so I try to avoid thinking in simple terms as well. It's not really a solution to just focus on what you can trade and how you can trade, but it is important to realize if you can trade or even if you should even trade or not.

Because there are times when trading is riskier than others, and investment is better during those periods, when you calculate ALL these together, it turns out that it's not an easy thing to make a profit, many people jump into trading without considering half of these at least.

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Quote from: Oshosondy on March 03, 2023, 03:00:19 AM

I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Not using leverage is best at spot market, but at the spot market, we can't make a profit when the market downturn. But honestly, my money is not that much Maybe the max is $400 for now. and yes I do trade altcoin as well with $400 maybe entry $10-$20 with lev is good right?

Anyway, are you sometimes to hold your futures trading for a couple of days, Swing Trader ?

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Quote from: michellee on March 02, 2023, 05:49:27 AM

Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.

That 5 dollars per day is actually pretty good when you consider how quickly you could grow. If you make about 0.5% per day, that means on 100th day you would have 500 dollars more, and that's not even counting exponentially, that 0.5 will become 7.5 dollars, and in another 100 days you would have 2250, and in another 100 days that would be 3300+ dollars, as you can see even before the year runs out, even if we just restock it every 100 days, it is already 3x for you and then we have another 65 days left for the year, which would make it 4k+ and 4x profit as well.

That's what we need to consider when we are making these type of investments, small but consistent profits matter more than quick returns.

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Quote from: dansus021 on March 02, 2023, 10:04:59 AM

That is very small leverage but I think you have a good point, a high leverage means a high risk most of my trading community used x10 and max x25. But also if are you using small leverage you need a bigger capital ? How much is your trade deposit and percentage per entry?

I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Quote from: Flexystar on March 02, 2023, 12:43:53 PM

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.

It is really a low margin ratio that is used, but better than high margin with low amount of money. I understand your point though, you mean I can still increase the margin ratio a little to get a better profit, going 2x margin for bitcoin is not bad though. But we should know that the more the margin ratio that we use, the more the emotion can lead us the wrong way.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Leverage trading would be easy in the far more stable market but not in the volatile market like bitcoin or pick any other altcoin. Except stabelcoins, however it is next to impossible to take out any profits from the Stablecoins with leveraging strategy. In leverage where you can open the position higher than the amount you have placed isn't the thing of crypto trading really.

Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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?

Though I have some what average experience with this one, I would not fall for greedy trap and would consider myself OK with profits up to 20-50 dollars every day. The profits should not be taken as continuous revenue, because I will also have to consider the losses sometimes. It can not be lucky day all the time. We loose as well!

Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.

Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

With intraday, I think easy 10-20 USD, considering it has heavy volatility all the time.

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Quote from: Oshosondy on March 01, 2023, 11:27:45 PM

Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

That is very small leverage but I think you have a good point, a high leverage means a high risk most of my trading community used x10 and max x25. But also if are you using small leverage you need a bigger capital ? How much is your trade deposit and percentage per entry?

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Quote from: Johnyz on February 28, 2023, 09:06:15 AM

Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Agree, setting a daily target is too much pressure for us because we won't always win, there will be days when we just know to stop loss and stop loss. The monthly goal is reasonable, and with the 10% goal being a coveted success, I'm really surprised when someone says their goal is 3%-5% per day. Honestly, trading so easily won't have many people losing money and having to find an outside job, I am also trading forex and my goal of 10% per month is a huge profit for me.

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Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.

Findingnemo

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Quote from: lixer on March 01, 2023, 03:31:39 PM

Quote from: Findingnemo on February 28, 2023, 08:35:51 AM

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.

These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.

3% isn't tiny even 1% because long term traditional investors know how much returns they can get per annum which is around 7 to 10% on average but here we are talking about one day which is 365% if someone manages to achieve 1% every day but my point is its not really possible in reality and that is why day trading is risky so don't be attracted with the return rate since we also need to consider the risk-reward ratio.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Trading is a very interesting business to be in and I see trading more as fun rather than a very serious business and this has been one strategy that has helped me from trading with emotions

I trade synthetic indices using DerivGo app and it's been an amazing journey and definitely with $1000 I'm assuring a $20 effortless profit daily without having to stress the account so bad.
$1000 is a great capital to step into a trade with and I would advice you use the least volatility with a $20 stop loss and a $10 take profit will serve more profit.
Good luck

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Quote from: savetheFORUM on March 01, 2023, 11:35:16 AM

Quote from: Wind_FURY on February 28, 2023, 12:09:19 AM

Quote from: kamvreto on February 27, 2023, 07:00:50 PM

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.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

They also could just be those trolls, like the trolls in the forum, who like to take advantage of newbies and plebs like us. They want us to be under their influence, and to manipulate us, making us question the truth which we already know. That's called gaslighting, and it's working very effectively in the forum, because I noticed that there are other people who have started to defend the posts of one "special" troll in BitcoinTalk.

Oshosondy

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Quote from: kamvreto on February 27, 2023, 07:00:50 PM

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.

Bitcoin is good in long term, especially after a significant bear market, I agree with that but I do not agree that bitcoin is not good for trading, it is good for trading, even some traders consider it better than altcoins. I understand you though, you mean that altcoins with good marketcap are also still more volatile, which means it can help in making profit but the more can also be the losses, especially the highly volatile ones. What I am just saying is that bitcoin is good both for long term and short term trading.

Quote from: dansus021 on February 27, 2023, 09:38:15 PM

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

Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

Quote from: Wind_FURY on March 01, 2023, 05:57:17 AM

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.

Holding and swing trading are not meant for day profit. Scalping and day trading are the ones that can give daily profit. If I get you correctly, you mean that if someone is trading, there are bad days too? I agree with that, but it should be in a way that the good days are more.

lixer

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Quote from: Findingnemo on February 28, 2023, 08:35:51 AM

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.

These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.

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Quote from: savetheFORUM on March 01, 2023, 11:35:16 AM

Quote from: Wind_FURY on February 28, 2023, 12:09:19 AM

Quote from: kamvreto on February 27, 2023, 07:00:50 PM

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.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

No one knows where the cryptocurrency price will go tomorrow. But in any case, trading within a day, or even a week is the best way to reset your deposit. It is best to either try to determine the bottoms and tops, and accordingly buy and sell on them.
But better to HODL.

savetheFORUM

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Quote from: Wind_FURY on February 28, 2023, 12:09:19 AM

Quote from: kamvreto on February 27, 2023, 07:00:50 PM

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.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

bettercrypto

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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

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Quote from: kamvreto on February 28, 2023, 01:20:00 PM

Quote from: Wind_FURY on February 28, 2023, 12:09:19 AM

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.

GreatArkansas

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

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Quote from: Wind_FURY on February 28, 2023, 12:09:19 AM

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.

Johnyz

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Findingnemo

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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.

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Quote from: kamvreto on February 27, 2023, 07:00:50 PM

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.

dansus021

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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

kamvreto

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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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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

I've not been consistent in trading, though I wish I was, and as from now on, I will try to work on this..
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.

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Quote from: el kaka22 on February 27, 2023, 12:58:02 PM

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.

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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.

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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.

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Quote from: palle11 on February 26, 2023, 08:15:32 AM

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.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

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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.

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Quote from: Mpamaegbu on February 26, 2023, 06:08:26 AM

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.

Quote from: tbct_mt2 on February 27, 2023, 01:08:11 AM

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?

Quote from: tbct_mt2 on February 27, 2023, 01:08:11 AM

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.

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Quote from: dimonstration on February 27, 2023, 03:12:19 AM

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.

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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.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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

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I would have been more conservative in my calculations if it's medium or long-term trading, but for day trading, especially scalping, it's always good to loosen up so that the profit would measure up with the energy and time given to it. Day trading styles are many but scalping is the riskiest and most demanding, one should carefully observe the one they are engaging in so that careful training, management and plans would be used.

Me, with $1,000 capital, x3 risk is enough for me when scalping, and I should be averaging $90 daily. But for other styles better than scalping where I must hold my positions longer, my risk would be x3.

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Quote from: Oshosondy on February 26, 2023, 05:27:29 AM

Quote from: tbct_mt2 on February 26, 2023, 05:13:58 AM

What if I say it is 0x leverage. It means you should not trade with leverage but with Spot trading only.

There is no 0 leverage, leverage starts from one which assume the spot trading type of an asset. If you do not want to use leverage, you will set the leverage to at least 1.

By 0 leverage, I meant don't use leverage.

Do you think your collateral is safe with x1 leverage. The coin you use as a collateral can lose its value anytime and if that coin drop 50% in price, your x1 leverage will no longer be x1 leverage.

I experienced lost with leverages and I would say, if you don't earn a lot from this market, you should not trade with leverage. Risk to lose money with leverage is big enough and if anyone think using leverage can help them getting rich, forget that idea.

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Quote from: Mpamaegbu on February 26, 2023, 06:08:26 AM

Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Earning $5 on a $1,000 investment is way too conservative for any trader. That's making 0.5% on a daily. On my part, I like to swing. If I were to trade a $1,000 portfolio I would place myself on a 10% weekly profit for a start and that will be not to cause me any anxiety. 10% weekly will amount to $100. That's around $14 daily. Targeting it daily will mean to pile up pressure to meet up target. Keeping it on a weekly basis will allow one the opportunity to aggregate all winnings. Trust me, there are going to be days when you will make more than the $14 and days when you won't make up to it. Doing the daily thing means traders are more prone to forcing themselves into trades even when they should clearly stay on the sidelines. 5X leverage should be okay enough to get that target.

I think the opposite, 0.5% of daily profits is huge, if we apply compound interest after a single year you will obtain a 446% increase in your account, so if you start trading with 1k at the end of the first year you will have 5467 dollars, after two years you will have 29896 dollars and so on, if any trader can in fact reach that kind of average profit each and every day they will make a lot of money in a very short amount of time.

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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. However, the more appropriate percentage of profit to aim for no matter the size of capital is suppose to be around 1-3 % per trade but a trader can also decide to increase that depending on his or her profit ability. Trading with low leverage and stop loss is advised also.

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Leveraged trading can tempt someone to delay when closing his trade, especially when market conditions are rising. This makes them want bigger profits than they already have, which also makes many traders lose because suddenly, the market changes direction, and your trade gets red, which makes you lose.

It's better to get enough profit every day than to force yourself to find more profit, especially if market conditions are still like they are now. It will benefit you more than staying in that trade. The profit will be different for each day because it depends on the coin we use for trading. But if it was a daily profit of $5, I would not reject it and would close my trade.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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.

Earning $5 on a $1,000 investment is way too conservative for any trader. That's making 0.5% on a daily. On my part, I like to swing. If I were to trade a $1,000 portfolio I would place myself on a 10% weekly profit for a start and that will be not to cause me any anxiety. 10% weekly will amount to $100. That's around $14 daily. Targeting it daily will mean to pile up pressure to meet up target. Keeping it on a weekly basis will allow one the opportunity to aggregate all winnings. Trust me, there are going to be days when you will make more than the $14 and days when you won't make up to it. Doing the daily thing means traders are more prone to forcing themselves into trades even when they should clearly stay on the sidelines. 5X leverage should be okay enough to get that target.

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Quote from: tbct_mt2 on February 26, 2023, 05:13:58 AM

You must have your risk / reward ratio like 1/3. It means you should open your trading position if you see a chance to get 30% profit with that position and only 10% loss with it.

10% should be your cut-loss, not bigger.

This can be possible for altcoin traders because altcoins are more volatile, unlike bitcoin which is less volatile. Or for people that wants to go for swing trading.

Another reason you can go for this option is if you want to leverage, but the more the risk and closer the liquidation price.

Since many days ago, bitcoin increased to $25000, have not decreased to $22000 yet. Let use use this two price range for the calculation.

$25000 / $22000 * $1000 = $1136

That is just 13.6% for swing traders.

Quote from: tbct_mt2 on February 26, 2023, 05:13:58 AM

What if I say it is 0x leverage. It means you should not trade with leverage but with Spot trading only.

There is no 0 leverage, leverage starts from one which assume the spot trading type of an asset. If you do not want to use leverage, you will set the leverage to at least 1.

Quote from: tbct_mt2 on February 26, 2023, 05:13:58 AM

$5 daily from $1000, please don't joke.

If you only look for $5, your risk / reward ratio is bigger than 1/3 and I believe maybe risk is higher than reward. You should not trade if chance to lose is bigger than chance to gain.

I have done most of the calculation above to know how 13.6% is what swing traders that trade short term and go short position since when bitcoin falled from $25000 will still be expecting to gain because bitcoin has not falled up to $22000 since that time till now.

Although I understand you that $5 which is 0.5% is too small, but 30% is also too very big for scalpers and day traders.

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Quote from: Oshosondy on February 26, 2023, 05:10:03 AM

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?

You must have your risk / reward ratio like 1/3. It means you should open your trading position if you see a chance to get 30% profit with that position and only 10% loss with it.

10% should be your cut-loss, not bigger.

Quote

What leverage would you prefer to use?

What if I say it is 0x leverage. It means you should not trade with leverage but with Spot trading only.

Quote

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.

$5 daily from $1000, please don't joke.

If you only look for $5, your risk / reward ratio is bigger than 1/3 and I believe maybe risk is higher than reward. You should not trade if chance to lose is bigger than chance to gain.

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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.

Topic: Trading with profitability (Read 563 times)