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Author Topic: Can we do 15 - 30$+ per day by trading successfully in these market conditions?  (Read 757 times)
davinchi
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January 13, 2019, 03:37:52 PM
Merited by Ewinsane (3), Pursuer (1)
 #41

It is rarely ever a good idea to try to make money all the time. There is no way and no human in this world that could make money constantly, look at warren buffet, he is the best investor in the whole world and check out his yearly paper where you can see his past performances as well, he had years he lost money instead of making money as well which means even tough in the long run he is successful he is just another human who can't make money out of thin air and loses when the market crashes.

It means for 15-30 dollars a day you would need to be a magician, of course you can make that much money some days but there will be days where you lose that much money and maybe even more, however if you hang in there and continue there is a chance of making profit in the long term.
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January 13, 2019, 03:44:06 PM
 #42

It depends mate if you have a large amount of money as well to risk on this kind of market condition because that's the only solution especially when it comes obtaining big profits per day which is doing "day trading" .But it's only for experts i think IMO 'cause it's very risky because of being so volatile of the market.  which for me it could be better unless if you have tools that can give you a specific time for example * when to dump and pump * just to avoid risky situation.
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January 13, 2019, 06:09:44 PM
 #43

You can make much more as a day trader. It depends on your capital. But you can have millions of dollars and you will still lose all your funds if you don't know how to manage your risk and take intuitive trades. Remember that trading is not a game. There are a lot of sharks and OGs in the market who can't wait to take your money, including me. muahahaha Grin
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January 13, 2019, 06:23:38 PM
 #44

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
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January 14, 2019, 02:47:07 AM
 #45

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.

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January 14, 2019, 03:56:14 AM
 #46

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...


Everything is possible but in this situation trying is better than waiting. Meaning I suggest you to try because we don't know how good you are and the only person who know is you. Gamble is different from trading because gamble need luck and trading need everything you have. If looks too hard leave the market for now, find another activity such as blog, fb ads or others.

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January 14, 2019, 01:48:40 PM
 #47

It means for 15-30 dollars a day you would need to be a magician, of course you can make that much money some days but there will be days where you lose that much money and maybe even more, however if you hang in there and continue there is a chance of making profit in the long term.
Yes, making of $15 to $30 will be possible after having long experience with crypto trading but definitely not in the beginning days itself. Only with the help of some miracle, some people may get that much profits on daily basis but the actual is mixing of profits and losses  happening for most of the traders. People are not ready to focus on learning and becoming a professional trader but they are simply targeting how much profit they want to have on everyday. Trading is not simple as we do dreaming.

Everything is possible but in this situation trying is better than waiting. Meaning I suggest you to try because we don't know how good you are and the only person who know is you.
But should not trade blindly. Even for trying, he should prepare himself so that he will be capable of handling the situation better. Even for trying, some people are losing big money and I do not want that to happen for OP too.
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January 14, 2019, 05:41:09 PM
 #48

You can make much more as a day trader. It depends on your capital. But you can have millions of dollars and you will still lose all your funds if you don't know how to manage your risk and take intuitive trades. Remember that trading is not a game. There are a lot of sharks and OGs in the market who can't wait to take your money, including me. muahahaha Grin
The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.

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January 14, 2019, 06:51:51 PM
Last edit: January 15, 2019, 09:15:44 PM by Whosdaddy
 #49

The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.

People who are in the beginning days must not look for making daily profits because overall profit on monthly basis itself must be a very good performance for them. $30 per day will be possible for professional traders and for high-volume traders still there will be no guarantee even for them to get that on each and every day.
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January 15, 2019, 02:48:33 AM
 #50

The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.
personally i will calculate the ration between risk and reward if i am to take $15-$30 in a days.is it contain higher risk or not.as we know crypto market was not good in this moment.its become risky .

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January 15, 2019, 08:59:30 AM
 #51

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...

That is just too easy to do and if you have a lot of capital you can do more than just that. It will also depend on the way you trade a market like this one.
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January 15, 2019, 12:48:21 PM
 #52

The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.
Its not a discouragement but rather a warning which is indeed true.Losses is high depending on how you do trade basing with your skills and knowledge into it.We know the market is really very unpredictable.
Losses is inevitable but you can reduce it up as you go. Preparing yourself for losses is a must because if you dont prepare you would just discourage and frustrate yourself on how this market works.
Consistent profits is possible but only on the very slimmest chances for traders to reach out this scenario.

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January 15, 2019, 01:13:23 PM
 #53

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
I think day trading is pretty stressful as the traders would need to keep a constant lookout on the trading market, I would rather choose to get a full time job in real life instead of sitting in front of my personal computer for long period of time to do day trading and hoping to earn the amount of $15 to $30 USD everyday. In my opinion, the income from day trading would not be sustainable in the long term.

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January 15, 2019, 03:33:51 PM
 #54

The risk in trading is really so high so it means that losses are inevitable. You can make money but it is more hard than you think. The price of most of cryptocurrencies are always changing so the price is really unpredictable.
OP is targeting daily big profits but you are discouraging him by stating losses. I meant to say making up to $30 might be possible for few traders but they might have got enough experience before doing so. Yes, anything may be possible through trading but you need to be completely prepared for that. Otherwise losses will be the final event.

you can't talk in numbers like $30, $50,... you must talk in percentages because $50 can be a 0.1% profit on a large amount of investment or it can be a 200% profit on a small amount of investment. and obviously the former is easier than the later. and when you speak of risks, including the percentages makes it more meaningful because the first one despite earning a small percentage is taking a bigger risk because of the bigger investment.

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January 15, 2019, 03:40:55 PM
 #55

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
I think day trading is pretty stressful as the traders would need to keep a constant lookout on the trading market, I would rather choose to get a full time job in real life instead of sitting in front of my personal computer for long period of time to do day trading and hoping to earn the amount of $15 to $30 USD everyday. In my opinion, the income from day trading would not be sustainable in the long term.
Literally it will suck our life,so better earn from a day jo and start investing on the crypto currencies in long term which can give decent profits with the bull run begins.But if still someone want to day trade then they should have some other kind of passive investments to surive the bear market.









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detector
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January 15, 2019, 04:07:06 PM
 #56

I think it can do more because cryptocurrency is volatile but remember when you can earn , you can also loss.
That's the trading law !

And cryptocurrency law far more cruel than ordinary stock trading !
djkyno
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January 15, 2019, 04:54:46 PM
 #57

Making 15 - 30$+ per day by trading nowadays is really very hard, if not impossible. Even in the normal market condition, it is not possible to make a daily guaranteed profit by trading, because there is always a risk of losing some trades.
Actually, the possibility is even lower, because the whole crypto market is still down.
BitHodler
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January 15, 2019, 09:57:34 PM
 #58

Actually, the possibility is even lower, because the whole crypto market is still down.
The crypto market being down, and further going down, is only a problem for noobs because the only thing they do is buy in and wait for the price to shoot up, which it hasn't been doing for over a year. It's a bear market after all....

There are enough platforms available allowing you to short almost every top tier crypto currency, so the decline we went through and so many people complain about could have been extremely profitable if you shorted.

I would say that it's too risky to still be short on the market and that it is better to stay out, at least for now. It wouldn't surprise me if we tank below the $3000 mark, but in the same way it wouldn't surprise me if we bottomed out already.

BSV is not the real Bcash. Bcash is the real Bcash.
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January 16, 2019, 05:41:19 PM
Last edit: January 17, 2019, 03:42:22 PM by wuvdoll
 #59

The crypto market being down, and further going down, is only a problem for noobs because the only thing they do is buy in and wait for the price to shoot up, which it hasn't been doing for over a year. It's a bear market after all....

There are enough platforms available allowing you to short almost every top tier crypto currency, so the decline we went through and so many people complain about could have been extremely profitable if you shorted.

I would say that it's too risky to still be short on the market and that it is better to stay out, at least for now. It wouldn't surprise me if we tank below the $3000 mark, but in the same way it wouldn't surprise me if we bottomed out already.
Most probably we have passed the bear markets and now we are into sustaining phase where short term trading will be profitable for a skilled trader hence making $30 will be possible given that how quicker the trader will be on reading the charts and indicators to make decisions on entering and for profit booking.

In my experience we never should target for daily profits. This is kind of gambling because we are chasing some profits on daily basis. Instead of that we should work hard for accurate technical analyses then profits will come into our hand on its own way and  we never need to bother about how much profits that we are going to make on daily basis. It means you may book some profits for some days and no profits for some other days but overall you will be making more than $30 also in average at the end of month.
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January 16, 2019, 05:44:55 PM
 #60

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.

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