Is 5% daily in crypto trading possible?

[Dydot]

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

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[akamit]

I wish to seek your opinion from your experience (especially those that trade cryptos) in this. I know a lot of people trade cryptos daily. Is 5% daily profit actually possible?

This is not a question to ask the community, it is the question for yourself only.
Just ask yourself, are you an expert trader or not? Are you able to analyze the market accurately or not? Are you able to take the risk or not?

5% daily is possible if you are an experience trader. But 30 days in a row may not be possible, sometimes you may get negative result. So always prepare yourself about it.

Sometimes I did, and sometimes I failed. Check your ability.. Good Luck!

[saif.shaikha]

Expecting 5% daily return in crypto is too much. It is true that the crypto market is very volatile however it is very difficult to predict the movement of any coin, even if one call goes wrong it can lead to substantial losses. However, if you are good in identifying the entry and exit points you can make good money in the ups and downs of the crypto.

[huzurkan]

it is possible but i think not always. You earn 10 days but you lose one day and all goes. you can not always win.

[jets567]

Yeah, i mean this a very small amount specially on very big and% expert traders. I mean i believe some of them are setting 20% of their portfolio as their daily gain. But i believe this depends on how long and your expertise when it comes to trading. But for 5% is not bad, profit is profit anyway.

[blue_id69]

I can make 5% losing in a day, even more. Like seriously im not good with trading stuff. But there this one friend of mine can make 2until 6% profit a day,the point of trading is you not a panicers. who buy when expensive and sell it while cheap  

Yeah, i mean this a very small amount specially on very big and% expert traders. I mean i believe some of them are setting 20% of their portfolio as their daily gain. But i believe this depends on how long and your expertise when it comes to trading. But for 5% is not bad, profit is profit anyway.

Is that even possible ? the one who can make 20% daily profit must be some kind of big whales who can manipulated market price.

[TradeCrypto]

Day trading more or less like gambling day trading completely based on pump and dumpers without any reason so its dangerous i have done initially some days get profit but major went loss . So i could suggest stay away from day trading.

[clrpod]

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Maybe with small amounts yes, with larger amounts probably not, 5% a day would be an absolutely monumental return if you were to achieve that consistently over a year or so.

[skan]

yeah 5% is not a huge thing in my opinion. it will take alot of research and looking at charts of many coins to see which one is going up at that day. i was doing it daily and it was working but then it just gets draining and so i just hodl now, even though i see the daily profits i can take.

[blue_id69]

Nope, cant. i mean i cant do that. i dont know someone else. my advice is, stay away from day trading if you not an expert and know wich coin to sell or buy, never be a FOMO guys and end up losing money.

[bitcoinking11]

In my opinion, It is very much possible, If you have got a lot of altcoins (around 20) in your portfolio. It is also true that you can't win always, sometimes you can gain profit and sometimes you have to suffer losses. To be successful, quite an effort is required, you have to follow charts of a lot of coins every hour.

[jacafbiz]

It is possible on average for 5 to 10 days but you need to be an experience trader and be very discipline, is not that most trader don't make profit but they lose most of it to over trading and greed, some even lose more by chasing their money

[Dmitry_K]

As you can see, sometimes the currency grows or falls much more than 5% and theoretically you can earn even 20-30% per day. But you need to remember that the risk is also very large and if you do not choose the right direction, you can lose some money.

[Apriand]

5% daily? If only for 3-5 days in a row its possible (although not easy) But for 30 days or more in a row, i think almost impossible. Because sometime market going slowly (not much up or down) or sometime all crypto price dump hard, and very difficult to get profit when that happen. Good if you have daily target for your trading profit, but don't be greedy.

[nguyentrongdai]

5% very hard. i think 1-3% daily is reasonable

[richan]

It is possible to make 5 to even 20 % in crypto trading in some days but is not possible to make it a consistent daily. Because every coins that goes up comes down and to trade on any coins that will make you 5% every day is hard to come by.

[Kitobe]

Why not?
Create yourself a trading bot and do arbitrage. With this current market fluctuation, it is possible to create that amount of daily profit.

[uszaty43]

It is possible as long as you can control your own trading and your strategies.

If you are going to trade only because you want to make between 1% and 5%, you are going to lose a lot of money, remember that this is very unpredictable.

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

[GFE]

I wish to seek your opinion. From your experience (especially those that trade cryptos), Is 5% daily profit actually possible?

Yes, it is possible if market is stable. During big criptocurrency pumps and dumps (for ex. BTC) you shouldn't trade

[Emperor of Man]

It is possible, but I personally don't like daytrading. Many people claim to be good daytraders, but in the end they mostly get beaten by their uncontrolled feelings of fear or greed and lose everything.

For me, it has always been hodl. This is a better strategy with better results.