Topic: What do you think is a good sustainable % to make from day trading? - page 3. (Read 733 times)

5% is better, but unfortunately not every day to get the price of bitcoin to go up like that with a few percent profit, but I don't use big capital so I better hold it for a little longer about 1 month to get a few percent profit instead of spending time every day for only a few percent of profit that is not comparable to my capital

There is no percentage that we get in daily trading because it is not certain and can not be ascertained, sometimes only a maximum of 5% if market conditions are like but when the market is bullrun then it can be more than expected so it is very fluctuating so it cannot be relied on how much acquisition of bitcoin / USDT trading that we get every day.

There is no specific percentage that you can earn from day trading. The price of bitcoin is so volatile so the prices are always changing and there is no specific amount that you can earn every day. I'm trading bitcoin but not everyday because there is only trading setups that I keep using and it always depends on the current price action.

Since you're going for daily, a minimum of 1% should be enough. You wouldn't really want to lose much because of a single trade, and since your looking to do this in the long term, that much should be quite enough. I'd advise you to separate some money though. Invest some of them for day trading, and convert the others to the coin you want for a long-term investment. That way, you have both avenues secured, and if the coin ever grows to reach greater heights, you'd be making much more profit. This requires a larger capital though, so be careful with budget management.

Well with the way btc moves, i think 1 to 2% daily should be a decent amount if you're day trading. Bitcoin isn't moving that much and yeah, it goes up and down a few hundred dollars, but if you want to be at least the safest, and i think this doesn't apply just to btc, less than 5% profit a day would already be a good haul. Most of us don't even get to break even at the end of the day.

I'm well acquainted with losing money haha. But at times I've taken advantage of profits from uptrends and got a bunch of profits out. I agree with the going for longer term trades. Starting this year out I pretty much put 2/3 of my trading stash into a long term trade that I expect to be hit at some point later this year, and 1/3 of the stash I'm just day trading here and there so I can take profits every once in a while instead of just waiting for some really long trade. I used to think 1% per day was possible, but then I'd always get stuck in a trade eventually as the price plummets and sell for an overall loss after averaging 1% or better for a while. I've never used stop-losses. Maybe I should try that, but the market is so volatile I figure it's just as likely stop-losses will be hit and then the price goes up and I take a loss when I could have gotten a gain. Haha.

Anyways, now I'm gonna shoot for just like a third of one percent a day I think on my smaller daily-or-so trading stash. So I can have some trading fun while waiting for the next major bull swing. It's fun to be like hey I made $20-or-whatever today for doing nothing (at times during day trading I've make hundreds of even low four digits per day, but that never lasts long of course and I'm pretty much always too greedy and then get all that money caught in a day trade when the price drops severely and lose those profits).

Anyway as just kind of curious for day traders out there, who has made money and over long term through ups and downs what sort of percent gains/day or per month are people able to achieve? And do people take profits out immediately to realize it, or do they compound up day trades. I've found that taking the money out of the market after a trade is preferable, otherwise I am almost guaranteed to lose those profits on a later trade.

It depends on a few things, one of which is how profitable you are. Some traders and trading systems are simply better than others. In fact, most traders will lose their money right off the bat. So are we assuming you're a decent trader employing good risk management, or what?

Strong bull trends like 2017 or early 2019 are extremely profitable and easy to trade. Range markets and corrections (the majority of the time) are much less so. Trading BTCUSD full time will considerably cut into long term % profits just for that reason.

I generally avoid scalping and any kind of intraday trades. Too high variance, too stressful, less profitable. Focusing on higher time frames and riding more powerful trends will yield higher profitability than scalping. I honestly can't even fathom thinking about trading in terms of daily profits.

Given so many factors, it's hard to be precise. 10-40% monthly (over the long term) is attainable but again, most traders will instead lose money. This study of the Brazilian equities markets says 97% of day traders lose money. Bitcoin might not be so far off from that.

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?