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Author Topic: Can we do 15 - 30$+ per day by trading successfully in these market conditions?  (Read 758 times)
Supercrypt
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January 16, 2019, 06:57:56 PM
 #61

15-30$ is an achievable daily goal but it all depends on the balance you are working with. I am doing a challenge myself. I am aiming a daily goal of 1%. So if you want to make 15-30$ daily I would advice you at least have 3000$ to work with.
Are you consistently successful with your target of daily 1% profit making ? I just want to know what are the pairs you are trading and what exact strategies you are following. Because as far as I have heard, losses are inevitable in trading and making consistent profits will be a very big challenge for all level of traders regardless of their experience and knowledge.

When I was into day trading, I got stuck many times in between negative markets and unable to have enough profits. For a 30 days of time, I just made $200 of net profits which is coming down to less than $7 per day. My capital was around $1000. Probably you are right with your calculation of needed capital along with 1% profits per day.
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January 16, 2019, 07:08:42 PM
 #62

Absolutely depends how much you're trading every day and how much your starting amount in trading is. $15-30 isn't as difficult to make with a higher starting amount compared to trading with $50; this market's pretty volatile with all of the bart movements going on and large up and down price movements, and so trading's a bit more difficult right now IMO, but it's still possible to make 1-2% daily if you're trading with the correct precautions.
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January 16, 2019, 07:10:10 PM
 #63

get 15-30 $ is not a difficult matter if you have enough capital, but to be consistent every day is not an easy matter, Smart traders will secure capital and make use of profits for the next trade..  Wink
If one can get that amount on a daily basis, why not aim higher, I'm one can easily secure big capital for trading if he knows he is that consistent.

Make your journey shorter so you can enjoy your life by retiring early, that's possible in trading because when there is a big risk, it should give you good reward when you succeed. However, I doubt there's someone who can really perfect trading especially at the time when people panic but you cannot also short the market as sometimes it will suddenly pump, so that scenario alone will already make you vulnerable to losing.
I would rather take advantage of the opportunities available to get as much profit as possible from targeting profit, but I have a weakness that is too afraid of losses, when stuck in a bad market situation I don't use a stop loss, so it makes me lose more, that's why I have never been a successful trader..  Grin
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January 16, 2019, 07:13:22 PM
 #64

Making a profitable trade of $15 to $30 daily is quite achievable in the present market condition this can be done with a good trading strategy and a sound money management provided that the start up capital is >=$4000 profits can be made irrespective of the market situation or conditions.

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January 17, 2019, 01:11:23 AM
 #65

In spot trading minimum take profit is 5% with stop loss 4%, and percentace of take profit is always higher than stop loss.  To earn consistently profit, risk management become the most important thing,  so use stop loss every make trade is key of success fully in trading.

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January 17, 2019, 10:36:05 AM
 #66

This was achievable back in the bull run (buy low, sell high) and with the help of bounty campaigns here on the forum.
Right now, with either shorting or going long, it is kind of a gamble (either goes up, or goes down), so choose one direction and place your bet. At least it seemed so, without professional experience of technical analysis, or without big capital in order not to care about attachments...

So if one wants to achieve his target at least, can he do it?
How?
What were your successfully trades like?
How to do it consistently...

We may adjust our capital and targets in this bear market. $ 15 to $ 30 seems reasonable because there are fluctuations in the crypto market even though it's in a small range. But to do it consistently, I doubt we will be able to do so. True, at some point it will be more like gambling and it will depend on each person on how to manage their money. Tricks can be changed based on the results we meet.

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January 17, 2019, 11:43:10 AM
 #67

So if one wants to achieve his target at least, can he do it?

Yes, of course.

Quote
How?

Get a White-collar job or work for money till crypto is in decline mode. Bounties can't really give you a living, man! So, stop depending on them and change your mindset! Was crypto there during the times when "Bill Gates" and "Warren Buffett" were creating their own history? Not saying anything against crypto, but then, if you want to make it everyday, you need to work for it everyday. Even your "buy low, sell high" strategy would work, but it depends on your entry and exit points, so following a few good people could help you out in that case.


Quote
What were your successfully trades like?
How to do it consistently...

I can't answer you first one as I don't prefer to, but about doing it consistently - nobody in this world can profit continuously and losses are good to teach you your mistakes. Another thing to remember: Buy when there's blood on the streets (but DYOR even before getting into a coin that's dropped down even 100 times, because chances are, it could gain at least 2-3x even 5x in few months 99%, and it could also drop further continuing the downside struggle due to non-use of that coin or any specific reasons and let's keep it 1% chance to happen, but still; sometimes 1% could blow your expectations as well).

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January 17, 2019, 11:57:23 AM
 #68

Well at this moment we can't say what will be the next market condition at this past days ethereum Get pump up and now it Goes down and Back to dumped again. But 15$-30$ is a huge earning for daily but it depends also in your funds raised.

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January 17, 2019, 12:02:49 PM
 #69

15-30$ is an achievable daily goal but it all depends on the balance you are working with. I am doing a challenge myself. I am aiming a daily goal of 1%. So if you want to make 15-30$ daily I would advice you at least have 3000$ to work with.
Are you consistently successful with your target of daily 1% profit making ? I just want to know what are the pairs you are trading and what exact strategies you are following. Because as far as I have heard, losses are inevitable in trading and making consistent profits will be a very big challenge for all level of traders regardless of their experience and knowledge.

When I was into day trading, I got stuck many times in between negative markets and unable to have enough profits. For a 30 days of time, I just made $200 of net profits which is coming down to less than $7 per day. My capital was around $1000. Probably you are right with your calculation of needed capital along with 1% profits per day.

You can follow my thread here https://bitcointalk.org/index.php?topic=5088423.0 I started with 100$ in the challenge and after 20 trading days my balance is grown to 175$.

And you act like 200$ net profits on 1000$ is 'only 200$' . I think this results are great and also almost 1% daily. People and mostly newbies have to much expectations of the crypto industry. Due to many investment scams a lot of people relate crypto with an easy money machine that brings 3-5 or even more % daily. But you are on the good way. Making 20% profits in 30 days is really great. Find something else that brings you 7$ daily on a 1000$ capital. On a saving account you even do not receive 7$ in a full year on 1000$. In Belgium for example you receive 0.25% YEARLY!!!

Signature for rent. Your signature will be displayed an entire year in one of my threads that is visited 200+ times daily
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January 17, 2019, 01:02:25 PM
 #70

Making a profitable trade of $15 to $30 daily is quite achievable in the present market condition this can be done with a good trading strategy and a sound money management provided that the start up capital is >=$4000 profits can be made irrespective of the market situation or conditions.
- Theory and calculations always make us feel that making $15 to $30 a day in trading with this condition is possible but if we start to participate in reality, we will have other thoughts on this issue because everything in reality will not be like what we calculate, we can have enough skills, good management and possess a suitable amount of capital but fluctuations and unusual things from the market can always defeat us, even make us fall into great losses. This is something I often see in this market, so I rarely set goals every day, the goal only makes me easy to make mistakes and failures.


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