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

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.

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?

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

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.

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.

Is it hard to make profit everyday and can make us lose more than we want make if trade without any stop/ loss.

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.

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.

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.

"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

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.

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.

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.

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.

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.  

2-3% profit per day, that's a huge number in this market if you have a large amount of capital investment. I am also a trader but I don't make a profit every day, normally I set a goal every month, and every month I try to make at least 20% profit. And that's really my success for this market, to be honest, it's hard for you to make 2-3% of your profits every day.

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.

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

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.

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.

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.

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?