Topic: What do you think is a good sustainable % to make from day trading? - page 2. (Read 733 times)

I don't think there is an advisable or fixed recommended percentage. It will matter how much amount of money you have to start with. You cannot make say 5% daily if what you have initially is just a hundred bucks. That would give you an insignificant dent. It might also matter how good you already are in the market game. But of course it grows over time. If you have $20,000 in your trading wallet, you can very well play 5% daily. That is enough to last your trading for a longer period.

Reasonable for people who got a huge funds since they can feel the profit generated for that day but for those people who trade with small amount? Provably it will be a waste of efforts for them since they will accumulate a little volume. And people need to consider that before they apply some strategies since huge funds is the most important thing in trading to get a better result.

2% daily profit as a day trader is quite reasonable and decent if made consistently in addition to compounding, some traders capitalizes on the daily up and down of bitcoin to make profits while attimes break even as a result of high volatility of bitcoin as you rightly said however the feat daily consistent profits requires some level of expertise unlike long term trading.

It really depends on what are your abilities as a trader, let us suppose that you are able to double your money with day trading each year, if we apply the formula of compounded interest we get that in order to get the profits you want you will need to get 0.3014% daily, however that percentage does not take into account the fees and the taxes you could need to pay for those profits so you will need a higher percentage to double your money every year, but if you could only profit from the market 50% per year then you will need to earn 0.2513% daily before taxes.

Yeah 3-5% is outrageous for the long term. Sure during periods when Bitcoin is booming that is very possible, but long term no way. We have to remember most traders LOSE money. So yeah even hitting 1%/day long term is extremely good. 1%/day compounded is doubling your money every 70 days. Which means 2 years of 1%/day would turn $10,000 into $10 million (1000x gains!!!!!), well assuming you didn't have to pay taxes on it in the meantime. I'd find it hard to believe there is a single person who has 1000x gains in 2 years, even if someone very skilled in trading tried to make 1%/day from beginning of 2016 to end of 2017, given that whole period was a huge bull run, I doubt they could come close to 1%/day for that whole period - the market itself I think gained like 50x during that time, so that would mean the trader would have outdo the market by 20x!

The market isn't just healthy enough for the traders to reach that amount, unless if we are in the bullish market trend but we are still at lows and even garnering 1% gains every day is still a challenge.

And they achieve their target? Cause I don't think so and chasing such amount will only disappoint us because actually it is so hard. Day trading is really a tough job, most of the traders using this strategy have ended up pretty quick.

In my opinion a 3% -5% presentation is the most reasonable for daily trading, especially for the long term. Maybe you can just make tens or even hundreds of percent in a day, but it is very risky for the development of your balance.
Determining a maximum target of 5% per day is one of the healthy trading methods for me because it won't overload my psychology too heavily. Sometimes what I find is that many people chase the target of tens of percent in a day and then use very minimal capital, which is very risky because it will more often experience a condition of fear and greed. Our target is to be able to survive for the long term we specify.

Most traders do with at 1-2% profit for day trading with stop-loss to minimize the loss. Its too risky doing day trade, thats why a small increase and decrease of price should be monitored. While its easy to suggest and recommendations, the working process which will be a profit and loss is too hard.

You just can't say.  Expect a lot of swings and there def will be times when you lose for longer stretches than anticipated.  

All you can do is manage your losses well (keep 'em small) and let the wins sort themselves out (depending on volatility).

That will depend on how much initial money you used in trading. If you can buy 1 bitcoin, then I think your percentage can be bigger than if you used small money. For example, if you have $8500, then you can buy more than 1 bitcoin, but I suggest you buy 1 bitcoin and hold the rest of the money for backup money. Then with 1 bitcoin that you buy at $8140 ( for example ), you can follow the price moves, and if the price can increase more than $8300 on that day, you can sell it instantly.

The next day, if bitcoin still at $8300, you can wait for a while until the price is down, but it is not guaranteed if the price can go down below $8300 and back to $8140 again. Maybe the price will down at $8220 or another price, so you can try to repurchase 1 bitcoin.

So by that small description, you can see that the percentage will vary every day because bitcoin prices will always be up and down every day. If you don't have a lot of money to buy 1 bitcoin, you can buy with any money you have, and if the price can increase for more than $50-$100, you can sell it without waiting for another high price because that will not always go up for more unless the pump is happening in that time.

It would vary because not all traders do succeed when it comes to day trade.Each person do have its own target when it comes to profits 1%- 5% per day or even more, depending on your capacity and skills when it comes to trade.Talking about sustainable? theres no such thing because not all day you would be profitable so it wont really give fixed numbers.The answer of this question doesnt have a fix number and the thing here is that you do end up a day in greens.

Probably not too far from what you'd get from simply holding bitcoin.

Unless, of course, you have some kind of proven strategy or trading bot (and I'm not talking about random Telegram signals, I'm talking about bots like Gunbot that actually has somewhat of a track record and you can program in your own strategies). But even then, I think that you're limited by the volatility of the market overall, because even shorting BTC requires at least some level of market volatility to make it worthwhile.

So no, I wouldn't put a numerical figure on it. But extravagant gains would require extravagant circumstances and strategy to be sustainable in the long run.

I have definitely been guilty in the past of continuing trades and realized that sometimes the best trade is no trade...very hard to know when that is the case though.
And yes I have plenty of experience watching my trade plummet many percent and trying to figure out i I should get out of it and trade at the new lower level with what is now a smaller stash, or stay in it in case it rises. Somehow no matter which one of those I choose I often pick the wrong one haha.

I think perhaps a good strategy is to never put more than one trade in at the same money level (and to of course split your stash up into multiple trades). Like if you bought at 8000 and the price went up some but didn't hit your sell number, then goes back down to around 8000, don't buy in a second time at that level, because if the price goes back up you are still making money with the trade you already started, and if the price goes down more you want to have money set aside for that and not end up with multiple trades at the same starting point just because of volatility over time.

Also chasing profits is a sure way to lose money. When you've made a lot of money as the price goes up, its easy to think you can keep trading at the current level but at some point price is gonna turn around downwards and trades will get stuck and you'll lose what you made - this is when no trade is better, or better yet don't just trade because you have cash waiting, only trade when you feel like there is a clear set up. Don't trade because you can and are chasing profits. I guess that is where stop losses come in also.

Another strategy I am no implementing is always take profits off the table once a trade is complete. Yeah compounding is amazing but it is wayyyy to easy to lose money in a bad trade after a string of good trades. I now get any profit made out of their so I don't end up back at square one after a long time. You want to realize your gains, not leave them out their to eventually disappear.

Anyway, enough ramblings from me tonight.

I'm surprised to see people saying like 3, 5, 8 percent per day! Like yeah that is achievable while Bitcoin is going up. But it'd take the best trader in history to make that through the whole range of market situations! I would think 1%/day would be extremely good long term. If you're compounding that is doubling your money every 70 days.

If people think making multiple percent a day long term is good, either you are filthy rich now or you're not thinking this through.

he means averaged out over a long period of time. any day trader is obviously gonna have losing days. average daily profit is just a way of analyzing progress and estimating the effect of compounded gains.


1% a day is tough to sustain, particularly if you are restricting your trades to BTC/USD. sometimes the best trade is no trade. when the markets are choppy and there's no strong trend to piggyback on, you don't wanna be forcing trades just to sustain your profit goals. you'll end up doing the opposite.


stop runs are all part of the game. there are certainly those times. the key there is to reenter those setups again even after getting your stops run, which is something many traders can't handle psychologically.

but consider the alternative scenario, which happens often: the downtrend sustains and a few weeks later you're bagholding with a horrible drawdown. then you're doubly screwed because not only are you sitting on huge unrealized losses that will be hard to recover from, but your capital stays locked into a bad trade when you should be putting it into a winning trade.

i would never trade without stop losses. it's the only way to keep losses small. you gotta keep losses small and let your winners run.

I think 1% - 5% or maybe more if the market is in a good situation but honestly, it's really difficult to achieve it because the market situation can be different from time to time, sometimes we earn profit sometimes we lose. The point is generating profit, it doesn't matter how small the profit is, if we calculate the profit we get every day, we may get a lot. I personally don't set any goals, even though my profit is just a little I'll be grateful.

You can't make a % profit every single day, that is not sustainable to begin with, nobody can make a profit every single day. If you make even 0.1% profit per day that is 36.5% per year and that is not sustainable at all. You can make 36.5% a year as a whole however do not expect it to come every single day.

If you look at it more in the monthly way that could be more realistic, still not consistent because each month is different but if you could actually pull of on average 5%-10% monthly that would be superb and would be profitable in the end, that is at least possible, that is the highest realistic number btw, if you consider anything above that becomes unrealistic. However, more average and realistic is about 15%-20% per year, which is quite doable, average, and definitely realistic.

I think an average of 2% -3% per day in long run should be a very good result. However, manual trading has no chance with robots. Professional traders play on algorithms that can do even several transactions per second. By hand, no one can win with them on the market.

Setting a goal of 5% per day should be quite good. Achieving it isn't a requirement, but getting at least that much every day should bring you quite  some profit, especially if you want to do this in the long term. Just that, Breaking even should be your first priority before trying to achieve a profit of 5%. Although I know that some days, it would be quite difficult to achieve such a feat, it's good enough to set an achievable goal not far from the requirement of breaking even.

Still, an assumed percentage should give the OP or others a goal to work for, albeit a vague or sometimes inaccurate one. Creating a stable goal would make sense for the long term, making your planning a lot easier tbh.

Maybe 5 - 8% i think 10% will harder to get. For day trading i think we should make regular profit daily and it is hard to make higher target. Maybe instead of day trading, with bitcoin price now maybe mid or long term trading will be fit for us. As long we can get profit more than our usual day trading will be better.