What the real problem is for the newbies in the trading world is the fact that they think they could make any sustainable amount of money in the trading world. Let me explain you like this for example, Warren buffet is one of the world's richest persons in the whole world and he made that money by investing which is a form of "trading" for you. They made a loss in 2008, in 2009, profited in 2010, lost in 2011, profited in 2012 and 2013, lost ... well you get the idea of it right?
Surely in the long run their earnings were a lot higher than their losses but they have been in operation for over 60 years now and never made profits consistently without any loss, always had some losses in between time to time. That is why do not assume you will make any profits in any sustainable way.
Topic: What do you think is a good sustainable % to make from day trading? (Read 733 times)
February 17, 2020, 02:58:53 PM
February 16, 2020, 04:30:21 AM
I believe that this is a very good question that is interesting to all beginners in the cryptocurrency trade. Of course, it is really very difficult to calculate your income as a percentage, especially if you take into account a little experience in your work. But I would like to get examples from traders how much they can earn approximately per day if they use a certain coin for trading with a total volume of 100 or 200 dollars. If you trade for example a Tron coin in the amount of $ 200, is there an opportunity to earn $ 20 per day?
February 11, 2020, 09:56:01 PM
Day trade will be good if market situations into the bullish or similar such as on 2017 when the whole year was dominated by uptrend and currently we cannot determine how much percentages of profit would we get because market situations was far from good even daily trading is very risky and some of traders has been proven it with lost their money because of it and trading also not always be profitable and sometimes when corrections price happened then people cut loss
February 11, 2020, 11:14:49 AM
If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?
I've never calculated my profits on percentage because it might be demotivating sometimes. But on an average I could earn $100+ from day trading if I concentrate 80% on the graphs for most of my day. This gets a lot time consuming and that is what keeps me a bit away from day trading. Midterm trading is what gives me profits in the current state as I do not need to monitor the graphs much closely and setting a notification for the entry and exit points to work for me in this case. The profits might be somewhat same to the ones in day trading considering the fact I do not like to take much risk so I keep my targets close. February 11, 2020, 07:40:41 AM
Is it hard to make profit everyday and can make us lose more than we want make if trade without any stop/ loss.
Even you can have profits from day trading even if you do not set stop loss. You would surely need to improve your skills to closely speculate the graphs though. You can really make a decent amount each day if you concentrate on day trading because there really is huge price correction in the price of bitcoins each day which opens the doors to immense profits for you. You need some capital to start earning in day trading and if you could manage higher capital than you could even expect higher profits. You have to properly manage the risk which would not make you lose excess amount and the profits would continue rising. If you really turn out to be a dedicated day trader than you could have great profits each day.
February 10, 2020, 02:01:12 PM
Is it hard to make profit everyday and can make us lose more than we want make if trade without any stop/ loss.
February 10, 2020, 01:54:10 PM
I am convinced that there are no stable indicators for profit from daily trading. In any case, the percentage of income can change every day, in accordance with changes in the cryptocurrency market. At least I have not been able to achieve such success as to have a stable trading income every day for the whole month. Perhaps this trend will continue until the cryptocurrency market is more stable.
February 09, 2020, 09:40:10 PM
If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?
It would vary from day to day standing in the coin market. The increase and decrease in the value of a certain coin is different from everyday so you must also take into account the highest and lowest possible price of a certain crypto currency. I could say, that there is no fixed percent for the bases of trading. But, if I would choose, I would play safe and pick for about a 30% increase for a day because, an increase in a coin's price is great but, a possible dump after it is bad. February 07, 2020, 09:34:02 PM
If you could only make 0.10% a day you would eventually be a billionaire, even with a small starting balance. The issue is that its very difficult to be consistant.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days. Look at the daily chart and see how many times we had a daily inside close day, its more often then you think.
Hence if you try and trade those choppy days you will most likely get "chopped up" and most of your losses will go to brokerage fees and the spread. So this is why its easier said then done. Its like the stock market, it goes up and down many %'s of the day but its even very difficult catching 0.1% of that move before it starts to move against you and result in losses.
Exactly, compound interest will assure you that as long as you can obtain profits at that level then you will eventually make a lot of money but as you say the issue is the consistency, it is impossible to earn that every single day, you could have a day in which you earn 10% but then you lose 9 days in a row and all the profits that you had got erased because of this string of consecutive losses, the worst part is that it is impossible to avoid those losses since no one can accurately predict the future. There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days. Look at the daily chart and see how many times we had a daily inside close day, its more often then you think.
Hence if you try and trade those choppy days you will most likely get "chopped up" and most of your losses will go to brokerage fees and the spread. So this is why its easier said then done. Its like the stock market, it goes up and down many %'s of the day but its even very difficult catching 0.1% of that move before it starts to move against you and result in losses.
January 26, 2020, 04:22:47 PM
If you could only make 0.10% a day you would eventually be a billionaire, even with a small starting balance. The issue is that its very difficult to be consistant.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days.
"Sometimes no trade is the best trade." Any trader who doesn't learn and understand that probably won't survive long term. Forcing trades based on marginal setups during choppy markets is one of the quickest paths to to failure.
That's what a lot of people throwing out these "% per day" estimates don't understand. Not only are they not accounting for the long break-even and losing stretches that even great traders must endure because of variance, but they aren't accounting for choppy/range markets that offer diminished profitability. Beyond skill and risk management, good long term profitability as a trader probably indicates one of two things:
- You don't trade that often (for example, swing traders who primarily ride strong trends)
- You trade many markets (not just BTC, not just crypto) so you are always capitalizing on strong trends
January 25, 2020, 11:37:13 PM
If you could only make 0.10% a day you would eventually be a billionaire, even with a small starting balance. The issue is that its very difficult to be consistant.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days. Look at the daily chart and see how many times we had a daily inside close day, its more often then you think.
Hence if you try and trade those choppy days you will most likely get "chopped up" and most of your losses will go to brokerage fees and the spread. So this is why its easier said then done. Its like the stock market, it goes up and down many %'s of the day but its even very difficult catching 0.1% of that move before it starts to move against you and result in losses.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days. Look at the daily chart and see how many times we had a daily inside close day, its more often then you think.
Hence if you try and trade those choppy days you will most likely get "chopped up" and most of your losses will go to brokerage fees and the spread. So this is why its easier said then done. Its like the stock market, it goes up and down many %'s of the day but its even very difficult catching 0.1% of that move before it starts to move against you and result in losses.
January 25, 2020, 11:37:14 AM
Everyone forgets about the long term, they are seriously forgetting what you can do in the long term with the amount of money you have and the % they are suggesting that is possible. Just to give an example; If you invest 1000 dollars to start, make %2 every single day, after 1 year you will have 1337402 dollars, that is 1.3 million dollars!
Nobody gets from 1000 dollars to 1.3 million dollars in a year, you have to probably invest 1000 dollars to some obscure ICO and suddenly that coin gets pumped to hell and you get out in time and have to do that like 5 times in a row, which is literally impossible. Even at 1% a day you are looking at 37k, which is not as impossible, you may achieve it but still quite tough to make x37 in a year as well.
Regular exception in crypto could be about %0.3 because that makes it from 1000 to 3000ish, that is realistic at least.
Nobody gets from 1000 dollars to 1.3 million dollars in a year, you have to probably invest 1000 dollars to some obscure ICO and suddenly that coin gets pumped to hell and you get out in time and have to do that like 5 times in a row, which is literally impossible. Even at 1% a day you are looking at 37k, which is not as impossible, you may achieve it but still quite tough to make x37 in a year as well.
Regular exception in crypto could be about %0.3 because that makes it from 1000 to 3000ish, that is realistic at least.
January 25, 2020, 06:29:45 AM
If you are really concentrated on trading and know the basics, then 1-3% is possible per day, Dont think that its too small but think that if you continue to make it everyday then its a good amount for a month time or more. It is not an easy task and sometimes you may do well or get a loss but keep trying and be attentive towards news, the market fluctuates on news.
January 25, 2020, 04:43:04 AM
It is impossible to have consistent earning everyday in the market, I do not trade everyday because there is no holy grail strategies that I can use anytime to make profit. I only trade when I see a opportunity, like right now; most of the coins are keep breaking out in their major resistance and for me it is a opportunity that I should not miss. It is not realistic to have profit per day because there will be times that our prediction will not happen like what we expected.
It's not convenient to do day trading nowadays, we know the market is not stable and too volatile, we will need to give too much time doing it. I think its good to look at the market once in awhile and decide which bracket or range the price is suitable to trade with. And if reach within that range then thats the time to trade. Plan well and make it happen. January 25, 2020, 04:35:13 AM
How much do you want to make daily?
If you can think about a good number which will already provide everything you need in a day plus savings in case of loss then it might go smoother.
Example is you just need $15 everyday. You will try to reach that number or almost near it everyday.
You will also need to add the cost in your electricity.
Now your capital, let is say you just need 0.1BTC and then somehow could rotate that with daily pumps which happens per minute.
Then, you are a daily trader.
If you can think about a good number which will already provide everything you need in a day plus savings in case of loss then it might go smoother.
Example is you just need $15 everyday. You will try to reach that number or almost near it everyday.
You will also need to add the cost in your electricity.
Now your capital, let is say you just need 0.1BTC and then somehow could rotate that with daily pumps which happens per minute.
Then, you are a daily trader.
January 25, 2020, 03:45:03 AM
If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?
i think 2%-3% per day its enough, if we can continue the profit we can make arround 60%-90% permonth, its really a big profit.
but its not a simple as we think, sometimes we must holding when we lost but sometimes we must ready to cut lost, just do it with your own strategy of trading
January 25, 2020, 03:25:09 AM
It is impossible to have consistent earning everyday in the market, I do not trade everyday because there is no holy grail strategies that I can use anytime to make profit. I only trade when I see a opportunity, like right now; most of the coins are keep breaking out in their major resistance and for me it is a opportunity that I should not miss. It is not realistic to have profit per day because there will be times that our prediction will not happen like what we expected.
January 24, 2020, 09:29:58 PM
If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?
i think 2%-3% per day its enough, if we can continue the profit we can make arround 60%-90% permonth, its really a big profit.
but its not a simple as we think, sometimes we must holding when we lost but sometimes we must ready to cut lost, just do it with your own strategy of trading
January 24, 2020, 09:25:35 PM
I know that is not really what people here looking for, everyone wants to make 100%+ increase and want to get rich but reality is if you can make 20% profit in dollars for 10 years in a row back to back, you can actually get very rich (depending on where you start) and if you continue to do that 50 years in a row! you will become like warren buffet as well.
That is the thing, everyone wants to become rich in just a few months and trading does not really work like that, earning 20% in profits every year is an extremely good performance, if you can pull off results like that in other markets I can assure you that you could leave your job and become a financial manager and you will have investors knocking at your door for those kind of consistent results, so people need to put their feet back on the earth and reduce their expectations and try to get what the market gives you. January 21, 2020, 12:38:54 PM
Nobody claims that making a sustainable % would be possible, however we can talk about averages here.
Like you can make a 10% profit on Monday but lose 2% of it on Tuesday, that doesn't mean you can talk in daily terms like that, but you just take an average of it. Making some sort of 0.05% average per day profit would be good, that is around 20 percent increase yearly, around 18 or so actually but good enough.
I know that is not really what people here looking for, everyone wants to make 100%+ increase and want to get rich but reality is if you can make 20% profit in dollars for 10 years in a row back to back, you can actually get very rich (depending on where you start) and if you continue to do that 50 years in a row! you will become like warren buffet as well.
Like you can make a 10% profit on Monday but lose 2% of it on Tuesday, that doesn't mean you can talk in daily terms like that, but you just take an average of it. Making some sort of 0.05% average per day profit would be good, that is around 20 percent increase yearly, around 18 or so actually but good enough.
I know that is not really what people here looking for, everyone wants to make 100%+ increase and want to get rich but reality is if you can make 20% profit in dollars for 10 years in a row back to back, you can actually get very rich (depending on where you start) and if you continue to do that 50 years in a row! you will become like warren buffet as well.
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