Bitcoin Forum

Hi Guys,

When daytrading Ethereum, do you think a profit of 5% will be possible?

What's the maximum percencentage per day in terms of profit?
More than 5%?

Love to see your opinions.
Cheers

Yes sir! It's possible to gain that percentage of profit in day trading. It's is the best percentage to gain a nice profit for every trade. Don't try to set higher percentage of gains, if you set your target profit to 2-5% and make another trade with the same target percentage you ca easily gain more profit.
But I doubt on ethereum, if you have monitored the move of ethereum everyday thn probably you will succeed but if not, try to look to other coins that has a high volume on market.

It's up to the market and to your basis on how you analyse the move of every coin.

Thanks for answering, should I also look on coins with high marketcap, or only high volume?

Its doable. 5% is a fair target to achieve if you are into day trading. 5% is also possible as long as you know what you are doing, the right time to exit and then roll your invest to get more profit. But just be careful and not to be greedy. Sometimes its one factor that will make or break you.

If you think that you have reach your target profit then no need to wait further. Get your profits right away. The market is very volatile, in a blink of an eye, your potential profit could disappear in thin air.

Of course it can happen but not often because it get go low also,i think if you going to invest here try different coins like ltc,eth,aion,xrb and xrp then just hold it because they already have value and it can't go to a dead coins so just hold then always think positive that your coins never go in a dead coins and crypto go well in the future another thing crypto created by 9 years now so we already experience the future by now here.

In the crypto trade all can happen, the good or even the worst.
in any situation we must experience this, the advantage can we specify 5% or more, the losses we can stop. All are determined by the rules and principles of oneself.

Daytrading is safe if you are constantly checking the moves of a coin and detect a stable move between two spots. I mean, if you find out that a coin increases to a certain point and falls back to the place where it was frequently then you know where to buy and sell.

Etherium is one of the coins that I make daytrading. Other one is VeChain.

Gain 5% profit from day trading is possible but it's impossible to get 5% every day which means 150% profit per month. You need more than just trade ethereum to achieve it. Unless ethereum price rises more than 50% within a month.
Considering current price and downtrend of most coins, it's not easy to get profits from day trading. I prefer to buy in the dip and hold it for weeks until it's profitable to sell eth, but don't just rely on an altcoin since there are many other coins that will generate bigger profit for you such as xlm, waves or lisk.

Ethereum is having a good price lately and seems not stopping to pump. Even bitcoin is dropping, ethereum continue to grow with a minimal slide. I think 5% for Ethereum is an average growth and its acceptable profit.

 Vechain is another good technology to watch that I hope it will grow stronger in the coming months and years.

Oh yes that's very possible to happen. That's the focus of a good investor. Many traders want to hit about 100% daily andbthen they will be okay buh that shouldn't be the case. It should be a gradual earning. You just have to find the right coin

Just think with different way , you did earned 5% daily for 15 days but then lost it in the next 30 days 2.5% daily which means you lost what you've earned plus wasted time. Then look at how people who just holding and successfully made a tremendous profit!

5% a day every day is 332% per month. Let's say you take five days off to rest, that's still 238% ;D

Guy, 5% for day trading is very good if you can keep this for long time. Imagine 5% per day so 10 days you already get profit more than 50%.

I believe that you are a very skilled and knowledgeable person. I am also trading Etherreum and find that this is a very coolest coin and can grow strongly in the future. We can see the value of ETH is changing so much and continuously so we can take advantage of it to be commercially viable and profitable.
Good luck

In my opinion - this is really risky. 5% per day is really big profit. I like maybe not so quick, but more safe maner of trading =)

You can easily get a 5℅ of profit in daytrading if you work concentrate in your daytrading you will earn more than 5℅ but it is not a simple way. Because it is difficult to maintain a crypto world. I am not suggest to daytrading it is risky investment anytime raise or fall are happening in the digital market.

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It's not possible to gained profit every day, if you are talking about making 5% with eth, it's very possible but to make that profit every day it's impossible, all of the price is coming from market supply and demand, it's impossible the market is good everyday, there will be the time to hold your coin and seek a better profit in the other day

There's some misconception about trading, some people thought that trading is an easy job and you can make profit every day, but in reality trading is a risky job and many people losing money

Not possible to trade in only 1 coin making that amount of profit, although you doing day trade in many altcoin also not possible to gain profit 5% aday, because the crypto market can be down trend in a week so you can not take profit in that periode. But if you would like to make profit accumulate by 5% aday or 150% amonth that possible but you have to take profit more than 20% in every trade and should be with good strategy and risk management.

Good advice, can't agree more.

Of course you can get 5% profit from day trading, in the mean time, you can also loose 5%, as you can not predict the price waves.

There maybe an easier way, wait for days till the ETH price go under  $800 or $900 or $1000, buy it, then wait for days till the price go above $1200, sell it. Then you get the profit more than 20%, for several days.

Good luck.

I'd HIGHLY recommend you sign up for TradingView.com and use their free account for awhile.  Trade virtually for 30-days before you start trading.  You might be disappointed that 5% gains are hard to make consistently... but at least you'll still have your coin.

Well with the price of ether now this 5% of yours is fair enough to gain but your profit will all depend on how much you bought your eth, of course the cheaper the better.
However, if you want to get much more higher profit I would suggest to spare yourself from day trading and just do long-term holding. Lesser risk and you can get to be more focus in other coin.

for now it seems very difficult to apply daily trading can earn a 5% profit every day if it allows you to trade in a market that has a high volume to earn 5% every day.

It is not impossible to achieve Ethereum 5% per day, so you need a good plan. But it can be a lot of risk to you, even if you lose all the Ethereum. Too much trading is a simple matter, but it is not actually a good trader to become knowledgeable about many trading issues. the best trader whose good trader does not think their thoughts are a little different, they only calculate the percentage of theirs investment in the end of the month and the end of the year.

Having a profit from coins not only from Ethereum over 5% is possible; but having it like a 30 day strike in each day over 5% has less possibility for day trading especially in this period.
But average of day over 5% is a stronger possibility than to make it every day.
In any case it can be a good target for day traders to reach 5%.
As day trader I am not acting if I haven't see a profit less than 4% 

Well that is one of the most realistic trading gains out there since Ethereum is currently having average of 7-10% increase or decrease daily. If you are planning to buy and sell Ethereum then would recommend for you to be observant as even though it is not as volatile as Bitcoin it still moves fast compared to stocks in the stock market. Also one thing to note at is to don't expect a gain everyday as it is a roller coaster ride out there which there are they when you will be buying and there are days which you will be selling. There will be no guarantees that you will be earning  5% daily in your trades.

5% each day is possible, like me i am a small trader that do alot of trading whole day, rolling up myy potential $250 to grow every day. and that 5% youve been talking about is can achieve in a single day. you need to be smart in trading to fulfill that 5% in day trading or else you can gain less than 5%.

I dont think so because the Sato are mostly the Same and U have to pay fee every buy sell and buy is often Higher then sell

daytrading is good to avoid huge loss while the price dropped to the bottom but the profit still depend on the Ethereum market movement itself and even sometimes possibly to get more than 5% profit while the price dropped and jumping rapidly in the same day but i don't think we can keep it steady because the price movement for each day will not always be similar

 5 % gain for every trade would be good enough for a day trading. It takes a lot of time since you need to focus and check the value of the coin from time to time. But there is no guaranteed that it would be an always gain because day trading is more risky than the long term

Last days Ether is well practiced extremes and you can earn on this difference.

But it also depends on Bitcoin, who has not yet shown any direction in the movement.

Rather than set a daily goal, I highly suggest you learn how to trade first.  Use paper trading!  So many people lose, it is really easy to lose.  Once you can consistently make money with paper trading, then move to real money.  If you can't make profits, then you didn't lose anything.

Alternately, in stead of paper trading you can trade 'dust' so that if you lose, it isn't much.  So if your total bankroll is $1k, then trade $10 at a time.  You won't make anything, but you won't lose anything either.

There is a website that someone else recommended, with a free learning course: https://www.babypips.com/learn/forex  I have no idea if it is what you are looking for.  Even though it says forex, the technical skills will apply to any market.

Good luck!!!

It can become possible, but only when ETH will start growing extremely fast. You should catch this time to have your profit.

I dont think that any trader can earn each day 5%.

It can be but not for all days. The scenario as below may be more logical,

Day 1 - 5%
Day 2 - -3%
Day 3 - 1%
Day 4- 1,5%
Day 5- 2%
Day 6 - 10%
Day 7- -5%
Day 8 - -3%
Day 9 - -1%
Day 10 - 1%

Total 9-10% but event his scenario is logical but not eash to achieve every time.

for me monthly 2-5% is fine in average

so please dont believe people who says 1% daily interst. It most probably scam!!!

because think that if one can make 1% daily trading gain, why they need your money for investment. 100$ can easily turns 1.000.000$ in a short time!!!

take care on your investments.

Actually if you want to daily 5% profit, that is very hard and very risky. I’m also crypto trader and I’m make a daily profit only 1-3% in a day but totally calculated end of month and it is stand for around 15-20% each month and I think it is very good profit for any one who is work in crypto currency market.

Hi Guys,

Thanks for all your responses.

In my opinion it 3% will be more easy to achieve. 5% can be achieved by day trading. But if you trade with the 1, 2 or 30 minute chart it will be more difficult.
The title of this topic is, 5% each day trading Ethereum.

I thought about it and I think If you switch from currencies in your exchange and set the time frame to a minimum of 1 hour 5 % can easily achieved with Base-Trading.

In my opinion Base-Trading works pretty well. But it's best to buy when price is still low on a day.

I have studied a lot how to read the charts (without tools) and when you can read bases it makes it so much easier.
Also working with an alarm is great, (when price reaches .... value alarm goes off.

Ofcourse there are chances of loss. But we can choose trade the safest possible way.

What I have learned, don't trust the exchanges, be in control of everything that happens in your trading. Be prepared to set orders (buy and sell).
Keep looking for other currencies in you exchange that have a volatile behaviour.

All in all, I think it's possible. Patience is the key.

I have a new trader, I have 100$ to ethereum and if I want to earn 5% per day, what do I have to do? I very little sense about this. I would like to consult you.

Yes! Try to look on high volume when you are going to trade. If there are high volume on that coin, the movement of the coin is fast.
I don't know yet if what is the use of marketcap in every coin.

Well, for me day trading is difficult since you are needed to check the price I think in seconds to minutes, hours is good too. It's hard that's why there are many day traders quit this kind of way. I think minimum 2% if you use to choose a long term coin that's what I predict. More than 5% if the coins is really good, or the market is very good just like mountains market.

Yes it is possible. and also if you have a big investment in trading you will have a big profit also. Just study the flow of the ETH and wait to have a big profit. Its also helpful that you will set in your mind your goal in trading so that you will do your best to claim that goal. Enjoy trading :)

We are are the same mate, for me trading is so difficult to fine some good coins that high volatility to fluctuate fast, only ethereum and bitcoin i think. And also you need to check daily the market price for checking the price movement, it so stressful i think just to earn 5% or more with in a single day. Just like what happen now the crypto market was bloody bath all price are down it's hard i think to got 5% profit daily.
Good thing is long term investment i guess in ethereum.

It definitely is possible since Ethereum has been going up and down for last couple of weeks, It was at the peak of $1300 and it has fallen to $950 as today's price says. It is undergoing fluctuations about 7% since it has been goin from $1025 - $950 again and again. It has got a good support line at $950 which is why it has not dropped more than that from the last few days. So getting a 5% profit in day trading through Ethereum is quite possible but do note that the % won't be the same as always and may be lesser at times.

Eth for me should not be treated for day trading as the potential can be much bigger when you hold it for long term, there's a risk also when you try to short Eth as the movements is really fast much better to do some hard research before engaging yourself with Eth, though 5% is achievable if you are
really have a lots of time to stare in front of your device and monitor if what direction the coins is heading before placing your order.

If you want to start trading with Ethereum and if you want earn daily 5% it is very good think but if you start day trading so is it possible or if you hold your coin I think it is not possible for daily earning 5% if you invest minimum 5k dollar it is very easy to earn daily 5%

It indeed is achievable infect with this fluctuations,you can achieve even more like around 4-7% in daytrading.ETH is one of the most stable coin which has shows some sort of resistance to the fall so it is reliable too as you can trust this coin that atleast it will not fall to ground.Still i personally feel instead of daytrading,ETH can give you higher returns in long term.

According to me this strategy should be applied on the coins which are newly launched in the market and which are pretty mid age. The reason is simple for choosing type of coins, they tend to fluctuate a lot because many of the investors try to catch the profits at first hit when the coin is new as they have gotten their coins free and they try to dump immediately. But later on it could happen that the same coin may rise very high and give more than 5% profits in single trade. Apart from this, these coins are also come under category where people are investing as well as selling it and thus creating the wavy patterns and making the thing easy to use in day trades.

For ethereum we may not see such patterns all the times and it may not be available for day trades the way you want it.

You can make as much profit as you want to have in trading but the thing which matters the most in this aspect is the amount of knowledge you have and above all your expertise in trading. It is not that much easy thing to make this much of profit and that too on daily basis but it is not at all an impossible thing to achieve. For that, you actually need to burn your midnight oil and you have to struggle a lot.

It is very easy to make money daily 5% but if you don’t have any idea with crypto currency trading you can’t do it because if someone don’t know about altcoin they can’t each day 5% profit so now invest altcoin and make a daily 5% profit very easy with crypto currency.

To do at 5 percent a day, you need a good baggage of knowledge about trading is crypto currency. Since not always the usual trader tricks bring good luck. Especially considering what kind of market today.

I have never seen ethereum increase about 5% every day. It is hard to take a profit of 5% every day because you need to know that you will earn more than 4 times at the end of a month.

You are expecting too much, if you are a trader you could expect that percentage at best per week, and that is still very high, as you may guess there are going to be moments where your earnings will be better than that since the market will be bullish but in this moment where the last weeks have not been very good you should be glad if you break even.

I think making a 5% profit by trading Ethereum is a viable option. You can observe the exchange rate of Ethereum, on average if the cryptos rate increases, it always increases over 6%, there are times increased to nearly 40%. However, you need to analyze the market carefully to be able to sell ETH as soon as the market dump on the exchange rate. But maintaining a 5% profit every day I think is not feasible because the exchange rate of ETH is unstable.

We can see that Ethereum is currently the coin that many people are interested in. Currently priced ethereum is $ 768 is very good for you to buy and hold. Also you can trade Ethereum because the price of ETH fluctuates a very large day which shows that investors are very interested in this coin. I think this is a very potential coin and will grow strongly in the future.

If you want to 5% each day trading ETH profit it is possible if you have a huge investment with your trading, other wise it is very risk to make a daily 5% profit. If you are best crypto trader you can make a 5% each day or if  you don’t have a knowledge about crypto currency it will be very hard for you.