Hi guys,
Few days ago I bumped into a youtube video that promotes this idea that if you invest $1000 in trading cryptocurrency, only aim at 1% profit per trade, with 2 trades like this per day in one year you will end up with $million in your pocket (compound interest). Now this person also mentioned 1% per trade is doable since looking at top 20 coins in coinmarketcap they all can increase at least 1 percent per day. This idea kinda blows my mind but at the same time I'm having too many questions in my head hopefully you can help me to clarify:
1. Is 2 trades per day with 1% profit per trade consistently in 365 days feasible?
2. There will be one point when I reach hundreds of thousands of dollars, how can I process that big load money in one trade, I mean is there any exchange out there that accept order in that big amount?
3. What kind of trading fee on exchange I should take into account for each of my trade?
Thanks again for all you help