Bitcoin Forum

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.

Crypto trading is not an easy way of income unless you have earned enough knowledge about it. You need to have knowledge of fundamental, technical, sentimental analysis.
If I'm not wrong then you want fixed 10% profit a day and that's quite impossible for everyday gain... It's like someday you may gain 10% and sometimes less or more.

If you want to trade in USD market then Bitfiinex, coinbase, bitstamp can be good, there are more.
For alt market trading currently Binance which I will recommend because it's a high volume exchange.

The coins you should trade is the thing you should find out with your own research and that will make you a pro trader someday.

A 10% profit might not be realistic everyday. So you don't need to put your stake high because it can be dangerous.

Again, I'm not sure your profit goal has anything to do with exchanger.


My suggestion is bitcoin because of its volatility.

This is a totally wrong mindset.You can't have a "guaranteed" 10% daily profit,now matter what you are going.
Your first trading capital is only for testing purposes and for gaining experience.You will eventually lose it,but don't give up.

First before you get into serious trading you need to learn the basics and then technical analysis, Risk management etc. You also need to read about different experience from different people so that you can get a clear picture of what trading is all about. Youtube and pother online blogs are quite resourceful.

In trading, daily profit is not guaranteed. Sometimes you can get 10%. Other times you lose 20%. So you need to be psychologically prepared.

I suggest you trade in Binance or Bittrex exchangers, buy coins that are down and have high volume, it will be profitable in the short term, but the 10% profit per day is very large, don't be greedy

Ethereum is very strong in price trust, community or speed in transactions.
Then you are very right because you dare to trade with Ethereum when compared to dead coins.

I have a trick to trading with the FIAT Ethereum pair. This is my trick to trading since getting to know cryptocurrency.
Because I trade Ethereum every day it can only take profits of around 1-2% with a capital of 4 Ethereum. So, to calculate monthly profits (don't lose because of this fast daily trading) it can reach 30%.


Maybe you will be a little confused by the price because I give a picture with the writing Ethereum pair Indonesian Rupiah,but I'm sure you understand the Buy and Sell numbers.

*This is the trick I trade and it will definitely be different again the instincts trade with you, so follow your conscience and courage to trade*.


Good Luck !

10% a day is almost impossible. You think that 10% a day of 300 dollars is not much because it's just 30 dollars a day and most people earn more from trading or they earn more at work but if anyone could be earning 10% a day on their investment and had 10 BTC that would make them earn 1 BTC per day every day. They would be millionaires in 1 year. It's not that simple.

You can earn 10% a month without problems but asking for a consistent 10% a day is too greedy!

Why do you feel self-mistrust?
You need to tell yourself you have a good skill in trading and you still want to make more profit from trading.
All you need to do is try to analyze any coins you want to trade.
May I ask you, on what exchanges you already registered?
I think you can try with your local exchanges so you can get a profit in your local fiat too.
But I think you should lower your profit goals every day, but you can do over and over in every trading.
Maybe you can make it 3% in one-time trade, but you can do it for more than 5 times in a day with the same coins so you can get more profit.
But you need to have more skills to analyze the coin/ethereum because sometimes, the price won't always follow with what you want, so be careful.

no wonder you lack of "self-confidence" in trading... you want a 10% daily profit :o
to gain 10% profit every day is a very difficult task to do, maybe even impossible to achieve
that means you aim for 300% profit (quadrupled your money) in a month, 3650% (36x of your capital in profit) a year :o :o

before you are looking for the right exchanger and target coin for the reason of liquidity, trade volume and frequency,
first you need to figure out the ultimate technique :P on how to possibly make a 10% daily profit

Compounding interest is a powerful thing. Even 1% daily amounts to quite a significant amount of gains after a year. Try to aim for a lower percentage daily gains, and if you ever feel extremely uncomfortable about the markets on a particular day and/or don't know where things are going, wait until things calm down and until you know what to do again.

There's also no best coin or exchange to trade on. There's profit to be found in trading any of the major cryptocurrencies, and on any exchange (I personally primarily trade XBTUSD on Bitmex), you just have to find a good, working strategy and execute it. That's something most people struggle with, because it's extremely hard to find good strategies, but when you find one, keep it a secret and use it to your advantage as much as possible.

What?!!!
10 percent everyday? So that will be like $20 a day?
Wow. Just wow. Better just go look for a day job than relying your income with trading.
It is a risky move. You cannot just lose every minute of your life with waiting for that profit to come.

You cannot do it. I am telling you straight by now so that you wont expect anything. With that kind of character you will just lose your capital and you will get broke. It aint that easy.

What do you want to hear from all of us? Building your self confidence is one of a key to make a good move in trading a 10% profit per day is a huge amount maybe reduce your target per day 2% to 5% is enought since the price movement of altcoin are unpredictable. Dont expect to much by doing trading because you cannot earn a huge profit by short period of time this is not a scenario of trade now earn lambo.

My opinion is you have to look into that thing that makes you have self-mistrust as you put it.
Could your mistrust be because of your trading plan, if it is not profiting you then change it. Look for a plan that will work for you and build your confidence on it.

It's very possible to have 10% profit a day in this green market, to be the best you need to choose market with high volume. I will suggest to use Binance, their trading activity is very active and a lot coins are available to trade. If you are not really sure which coin will be pumped in short time, then you could spread your capital into 3 portion. If you are sure a coin would be pumped hard on same day, then you just need to buy that coin to maximize your profit.

If you think it's hard for a coin to get pumped more than 10% a day, then just play ping-pong with few volatile coins.

With the starting amount op have said it is really difficult to earn that profit daily. It will take many trades to reach that amount of profit. Also there is no fixed profit in trading, experts know this and bigger profit means bigger risks.  Someone new to trading should not expect a fixed income. Crypto market is really volatile.

Stop dreaming, 10% every is not gonna happen.
Try to re evaluate your plan, and be contented with small profit as long as it's consistent, that's you being realistic.

Last thing, it's not about a certain exchange that could give you profit, it's your action that would dictate your future.

In short, you need to be a smart trader in order to be profitable, but honestly forget that 10% profit daily.

Well, that is very impossible to gain 10% daily in trading, even though how experts you are on analysis it may get a failure to achieve that target daily. But as what had OP said 1 ETH is just enough capital to start in choosing a good coin to pick in trading. Anyway, self-mistrust is not necessarily on trading if you have this it's better for you to stop for a while. Trading is needed more self-confidence, more risk to pursue a high chance to get huge profit.
Binance, Bittrex, and Kucoin are the best exchange for me but before you have to deposit please read the terms and condition.

To get that from ethereum in a day is quite impossible because as of now, the market of ethereum is less volatile, although we are already in uptrend but ethereum doesn’t have much move on a daily basis to get you that.

If the market was volatile, you should be able to really get that if you are scalp trading, because I doubt if one move of ethereum can get to 10% at once per day, but if you consider the number of times it goes low and high in a day, with scalping, you should be able to get that when market is volatile, but for now, I would advise you trade bitcoin on exchanges like binance that has the lowest trading fee and largest trading volumes.

It is a wise decision to stop trading when you are in doubt.  It is very difficult to trade with a 100% condition what more with a doubted mind.  I won't say that 10% is impossible to reach but it is really very slim to reach that gain.  If you are day trading, you need to focus on your trades, mostly you need bot for this. Have a good bot setup and look for coins that have a huge volume and support but have huge price gap between buy wall and sell wall.  This mean you will be jumping coin and token everyday.  It is not impossible to hit 10% in a day but the problem would be the consistency and the availability of trading pair that you can exploit.  This kind of approach have more risk than the ordinary approach so I would suggest that it is better to lower your profit target.

Thank you for all your suggestions, right what you say, maybe I am too greedy when I target 10% of the profit from daily trading that I do.
I will try to be more realistic so I am satisfied with the profits of 2% - 5% of the daily trade

First of all my purpose is not demotivate you but fact is if one could earn 10% daily in crypto trading then there is no need to do any other work, 10% daily means 300% monthly, your capital will grow 3x from the principle amount. If it can be done then why to go somewhere else. Trading is not that easy , I would suggest you to first understand the market and start with small positions, ,bigger positions for taking 10% profit daily may wipe your account easily. Check out the potential coins and observer their behavior for some days then you will be able to enter and exit at right points.

You should choose the exchange site with a lot of liquidity to make you easy to liquidate your money into the USD or Bitcoin value instantly. this will be a very important thing when you are interested to do that.
Major exchange site will be the best thing but remember to gain 10% profit in a day is not so easy but let's started how to earn at least 3% and that will be a reasonable amount to earn in day trade.
Remember only choose the coin that was trading at the red candle and wait to get a little bump and get your profit. Binance, okex are the best exchange sites to trade.

10%? Its possible but wont really be that easy.So you do need to have 0.1 ETH profit on daily basis.Theres no such exchanger that would
higher your chances of profitability but always stick out to those who do have high volumes yet this do means higher volatility or
buy and sell activity.You can do scalping actively as the price moves until you achieved your goal and then stop or called it a day.

Per day 10% that means 300% per month. I don't understand what suggestion I will give you now really. Buddy if you want to earn 10% from your trade in one day it is possible even 2X also possible in one day. But you can not earn like that everyday. You can not win the game every time. Sometime you can loss some time win. So good luck try your own strategy for winning the game regularly. Thanks

People always expect this crypto trading market to perform miracle and that is why they always fall victim of scammers who would sweet  talk them and promise them heaven in order to collect their money and this is also the mistakes many newbies do make that lead them into over leveraging when trading.

How can someone expect such huge profit every day in a normal market condition? It is only bull run that I know is capable of doing that in which bull run too has a limit, all the increase that I have been seeing in the recent semi bull run has even been far less than 10%, I think op needs to be less greedy and just focus on 2 to 4% daily.

Best you do everything yourself, no one can give you real tips, because no what will happen tomorrow. If you make mistakes, teach from your mistakes.
You do not have to strive for your 10% every day, it can run very fast backwards)

10% profit every day? Are you even serious? The market is not always green, but you can try shorting on Bitmex if you are a really good trader.

Sorry my friend I believe there is no solution for your condition, what you must do right now is stop thinking that crypto is a quick money scheme.

How long do you trade now? Didn't you get any lesson from your trading experience?

As a crypto trader as you mentioned, you should know that you can't expect a 10% profit every day.

Crypto is volatile so obviously, it won't reach your expectations.

Sorry but you need to continue your usual trading way until you learn what things should be done.

You can find various trading strategies on the Internet or on YouTube. You will try and decide which one suits you best. After all, you will not know which of the better until you see its profitability.

I will advice you not to get idea on a coin to trade on, it should be base on your own research and strategies. Now regarding the Exchanger I always go for BINANCE because it has more liquidity and it's simple to use.

You shouldn't rush things. Remember that crypto trading is not as easy quick money. If you have a background and knowledge in altcoin trading, there are lots of exchanges that you may choose and can start immediately. 10% profit can be achieved depending on your strategy. You can diversify your portfolio or buy different coins with your capital or you can just buy 1 ethereum and do a long term investments. It's up to you.

it might be impossible to do, if you pay close attention to the coinmarketcap, there are very few coins / tokens that have a price growth above 5-10% within a period of 1 day.
Especially if you only 1 Ethereum, i can said that was too small amount of money. After all, who will buy the price above 10% within 1 day, unless there is a big event on the coin

My advice is to not have any fixed return in mind. Not per day, not per week, neither per month.
What happens when you're at -5% in a day? Your mind will tell you that you HAVE TO DO something to get your losses back. This leads to bad decisions and eventually more losses.

Change your mindset and start smaller: I want to grow my balance.

Ask yourself what your real goal is! Are you looking for a small passive income? Getting trading experience? Financial freedom? Getting rich quick?
This highly affects your emotions while trading, so this should be clear to yourself. Having a clear mind will help you being more confident in your trades again.  :)

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Regarding your questions:

The greatest potential probably is in leveraged trading. It isn't THAT risky if you stick to a low leverage (start with x2 or x3).
Read EVERY guide about margin trading you can find. Start in the testnet first. Get confident about your knowledge.

Main platforms are Bitmex, Deribit or PrimeXBT (Bitmex has highest liquidity).

If you follow the link in my signature, you can have a look at my trading diary. The results so far come close to what you want to achieve.

I guess it is not about an exchange, you will get 10% profit per day in any exchange if your knowledgeable support to gain profit, but if not, you trade every exchange that give bonus to the user I bet you won't have an opportunity to gain 10% profit per day. So my advise is find more about trading cryptocurrency either its strategy, psychology and money management these things will give a huge profit if the market support to your strategy. Because trading is now gambling, your profit will be gained certaintly depend on your knowledge.

I suggest you learn to control your emotions first and don't be greedy, because the 10% profit per day is a big profit

ok, thank you friend, I realize what I want is wrong. I am too greedy and grandiose in getting the results of trade. 10% is indeed a very large percentage in daily trading.

So you want to double your investment capital only in 10 days? Looks your are over confidence and it is really not possible to reach 10% growth everyday and the right exchange is for only legit and for making profits you need to come with your strategy.

You can't have 10% profit everyday no matter which coin you trade but you can keep losing everyday through trading. Sometimes if you just hold, in the end you will have made more than 10% profit everyday.

I think you are looking to succeed at something no one has ever succeed before in the entire worlds history.
Nobody in the entire world managed to make 10% a day in any way or shape for too many days in a row, they have managed to do it maybe couple times in a row, but nobody did it for too many days in a row.

Even the richest man in the world at one point Warren Buffet who made his fortunes by investing and managed to get worth as much as over 60 billion dollars (don't know how much now) didn't made that type of return, he was making about 20% a year return on average for 50 years in a row.

It means if you want to make money and become rich, no amount is too little but if you want to become one of the richest man alive all you have to do is keep doing it years after years instead of trying to do it quickly in couple months, instead of 10% a day, do 20% a year for 50 years and your children will be richer than anyone in the world.

First, you do not need to feel low if you think you are not making enough progress and the coin you are holding is not good to give back good return. I think you should really look for other good coins like BNB that has been gaining some amazing value since the last month. In addition, ETH is great deal and can give you return but you need learn more about day trade and about which coin could give you more with day trade.

Binance (BNB) is a coin that I have tried to trade, but maybe because of my lack of expertise in trading, I often suffer losses.
right now I'm trying to trade other coins like Etherparty (FUEL) in the Latoken Exchanger.

When you trade cryptocurrencies, you can make a plan, but it will be always difficult to follow it. You cannot try to make a certain profit: each time it will be different, and the losses are also waiting for you.

Don't be too optimistic and being greed will suck you.If you want profits then you need to find a way but if you ask me better hold it until the end of bull run which may not give 10% profits everyday but the end you will make a lot.

I will give you one idea to deal that 1 Ethereum investment on any exchanges you like trustworthy.
Initially take that fund with the pairing conversion of ETH/USDT or USDC. This coin will perform the little fluctuation everyday with the USD value.
So we may get the little profit by making this pair conversion at all the time for few days then you may move to different coins.

With your ambitious goal, you just need 10 days to double your initial capital, that would be so unrealistic.
Aiming high is alright as long as you have the skills but even traders who are expert in this field cannot consistently make profit on a daily basis.

My question to you is, how much profit you really like?

1 to 2 percent daily is a good target already, but to have a decent profit, you need a decent capital.

To start with, those coins are one of the best coins to rely on for good profit, but for day trading, they are good but not as op want it. 10% is quite a lot for these coins to generate for any investor in a day when they are not the only currency being traded.

The only time one can have a record of this percentage is when some of them like bitcoin quickly gain a very high momentum, and which is usually like once in a while not every day. It is even going to be a grater deal to hold some of these coins you mentioned, including some top coins as long term investment as I believe they give more profit then than day trading.

Quite right, no one can ever make up to that 10% in a day constantly and even the so called pro traders would not dare boast of meeting up with that target on their trade daily, is target is actually too high and no matter how volatile the market is, I think the amount I can really guarantee in a day is 2% and highest should be around 4% if he is scalp trading.

The best way he would have really made it is to work with 2% in a day, then be compounding it and adding it up to his investment to increase his chance of winning higher when he accumulates his profit, or better still, he should just continue to hold and maybe luck will shine on his trading coin and make it increase by 300% within the month which has already covered all the daily wishes.