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Author Topic: [HELP] I need help and advice  (Read 580 times)
D3m1r4wanti (OP)
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May 26, 2019, 04:06:33 PM
 #1

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.
akamit
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May 26, 2019, 04:23:13 PM
 #2

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.
Crypto trading is not an easy way of income unless you have earned enough knowledge about it. You need to have knowledge of fundamental, technical, sentimental analysis.
If I'm not wrong then you want fixed 10% profit a day and that's quite impossible for everyday gain... It's like someday you may gain 10% and sometimes less or more.

If you want to trade in USD market then Bitfiinex, coinbase, bitstamp can be good, there are more.
For alt market trading currently Binance which I will recommend because it's a high volume exchange.

The coins you should trade is the thing you should find out with your own research and that will make you a pro trader someday.
carter34
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May 26, 2019, 04:59:19 PM
 #3

I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.

A 10% profit might not be realistic everyday. So you don't need to put your stake high because it can be dangerous.

Again, I'm not sure your profit goal has anything to do with exchanger.

The coins you should trade is the thing you should find out with your own research and that will make you a pro trader someday.

My suggestion is bitcoin because of its volatility.
davis196
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May 26, 2019, 05:38:12 PM
 #4

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.

This is a totally wrong mindset.You can't have a "guaranteed" 10% daily profit,now matter what you are going.
Your first trading capital is only for testing purposes and for gaining experience.You will eventually lose it,but don't give up.

Bitcoin_Arena
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May 26, 2019, 07:09:24 PM
 #5

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.

First before you get into serious trading you need to learn the basics and then technical analysis, Risk management etc. You also need to read about different experience from different people so that you can get a clear picture of what trading is all about. Youtube and pother online blogs are quite resourceful.

In trading, daily profit is not guaranteed. Sometimes you can get 10%. Other times you lose 20%. So you need to be psychologically prepared.

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May 26, 2019, 08:45:40 PM
 #6

I suggest you trade in Binance or Bittrex exchangers, buy coins that are down and have high volume, it will be profitable in the short term, but the 10% profit per day is very large, don't be greedy
damsix
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May 26, 2019, 09:42:16 PM
 #7

-
Ethereum is very strong in price trust, community or speed in transactions.
Then you are very right because you dare to trade with Ethereum when compared to dead coins.

I have a trick to trading with the FIAT Ethereum pair. This is my trick to trading since getting to know cryptocurrency.
Because I trade Ethereum every day it can only take profits of around 1-2% with a capital of 4 Ethereum. So, to calculate monthly profits (don't lose because of this fast daily trading) it can reach 30%.


Maybe you will be a little confused by the price because I give a picture with the writing Ethereum pair Indonesian Rupiah,but I'm sure you understand the Buy and Sell numbers.

*This is the trick I trade and it will definitely be different again the instincts trade with you, so follow your conscience and courage to trade*.


Good Luck !

pixie85
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May 26, 2019, 09:56:39 PM
 #8

10% a day is almost impossible. You think that 10% a day of 300 dollars is not much because it's just 30 dollars a day and most people earn more from trading or they earn more at work but if anyone could be earning 10% a day on their investment and had 10 BTC that would make them earn 1 BTC per day every day. They would be millionaires in 1 year. It's not that simple.

You can earn 10% a month without problems but asking for a consistent 10% a day is too greedy!
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May 26, 2019, 10:31:43 PM
 #9

Why do you feel self-mistrust?
You need to tell yourself you have a good skill in trading and you still want to make more profit from trading.
All you need to do is try to analyze any coins you want to trade.
May I ask you, on what exchanges you already registered?
I think you can try with your local exchanges so you can get a profit in your local fiat too.
But I think you should lower your profit goals every day, but you can do over and over in every trading.
Maybe you can make it 3% in one-time trade, but you can do it for more than 5 times in a day with the same coins so you can get more profit.
But you need to have more skills to analyze the coin/ethereum because sometimes, the price won't always follow with what you want, so be careful.

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May 26, 2019, 10:53:36 PM
 #10

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
no wonder you lack of "self-confidence" in trading... you want a 10% daily profit Shocked
to gain 10% profit every day is a very difficult task to do, maybe even impossible to achieve
that means you aim for 300% profit (quadrupled your money) in a month, 3650% (36x of your capital in profit) a year Shocked Shocked

where is the right exchanger and what coins should I trade. please help and advice.
before you are looking for the right exchanger and target coin for the reason of liquidity, trade volume and frequency,
first you need to figure out the ultimate technique Tongue on how to possibly make a 10% daily profit

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May 27, 2019, 12:54:21 AM
 #11

Compounding interest is a powerful thing. Even 1% daily amounts to quite a significant amount of gains after a year. Try to aim for a lower percentage daily gains, and if you ever feel extremely uncomfortable about the markets on a particular day and/or don't know where things are going, wait until things calm down and until you know what to do again.

There's also no best coin or exchange to trade on. There's profit to be found in trading any of the major cryptocurrencies, and on any exchange (I personally primarily trade XBTUSD on Bitmex), you just have to find a good, working strategy and execute it. That's something most people struggle with, because it's extremely hard to find good strategies, but when you find one, keep it a secret and use it to your advantage as much as possible.
Reid
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May 27, 2019, 01:30:25 AM
 #12

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.

What?!!!
10 percent everyday? So that will be like $20 a day?
Wow. Just wow. Better just go look for a day job than relying your income with trading.
It is a risky move. You cannot just lose every minute of your life with waiting for that profit to come.

You cannot do it. I am telling you straight by now so that you wont expect anything. With that kind of character you will just lose your capital and you will get broke. It aint that easy.
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May 27, 2019, 02:41:00 AM
 #13

What do you want to hear from all of us? Building your self confidence is one of a key to make a good move in trading a 10% profit per day is a huge amount maybe reduce your target per day 2% to 5% is enought since the price movement of altcoin are unpredictable. Dont expect to much by doing trading because you cannot earn a huge profit by short period of time this is not a scenario of trade now earn lambo.

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May 27, 2019, 03:34:21 AM
 #14

and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,

My opinion is you have to look into that thing that makes you have self-mistrust as you put it.
Could your mistrust be because of your trading plan, if it is not profiting you then change it. Look for a plan that will work for you and build your confidence on it.
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May 27, 2019, 05:59:40 AM
 #15

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.
It's very possible to have 10% profit a day in this green market, to be the best you need to choose market with high volume. I will suggest to use Binance, their trading activity is very active and a lot coins are available to trade. If you are not really sure which coin will be pumped in short time, then you could spread your capital into 3 portion. If you are sure a coin would be pumped hard on same day, then you just need to buy that coin to maximize your profit.

If you think it's hard for a coin to get pumped more than 10% a day, then just play ping-pong with few volatile coins.

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May 27, 2019, 06:47:18 AM
 #16

I suggest you trade in Binance or Bittrex exchangers, buy coins that are down and have high volume, it will be profitable in the short term, but the 10% profit per day is very large, don't be greedy

With the starting amount op have said it is really difficult to earn that profit daily. It will take many trades to reach that amount of profit. Also there is no fixed profit in trading, experts know this and bigger profit means bigger risks.  Someone new to trading should not expect a fixed income. Crypto market is really volatile.
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May 27, 2019, 07:51:13 AM
 #17

Stop dreaming, 10% every is not gonna happen.
Try to re evaluate your plan, and be contented with small profit as long as it's consistent, that's you being realistic.

Last thing, it's not about a certain exchange that could give you profit, it's your action that would dictate your future.

In short, you need to be a smart trader in order to be profitable, but honestly forget that 10% profit daily.
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May 27, 2019, 08:28:15 AM
 #18

Well, that is very impossible to gain 10% daily in trading, even though how experts you are on analysis it may get a failure to achieve that target daily. But as what had OP said 1 ETH is just enough capital to start in choosing a good coin to pick in trading. Anyway, self-mistrust is not necessarily on trading if you have this it's better for you to stop for a while. Trading is needed more self-confidence, more risk to pursue a high chance to get huge profit.
Binance, Bittrex, and Kucoin are the best exchange for me but before you have to deposit please read the terms and condition.

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May 27, 2019, 11:05:20 AM
 #19

I really need advice, I am a crypto currency trader and I, feel the self-mistrust that is happening to me now.

so that self-confidence makes me pause in trading, and now I want to ask you for your opinion,
I have a capital of about 1 ethereum and I want a 10% profit every day from the trade that I do.
where is the right exchanger and what coins should I trade. please help and advice.
To get that from ethereum in a day is quite impossible because as of now, the market of ethereum is less volatile, although we are already in uptrend but ethereum doesn’t have much move on a daily basis to get you that.

If the market was volatile, you should be able to really get that if you are scalp trading, because I doubt if one move of ethereum can get to 10% at once per day, but if you consider the number of times it goes low and high in a day, with scalping, you should be able to get that when market is volatile, but for now, I would advise you trade bitcoin on exchanges like binance that has the lowest trading fee and largest trading volumes.
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May 27, 2019, 11:41:00 AM
 #20

It is a wise decision to stop trading when you are in doubt.  It is very difficult to trade with a 100% condition what more with a doubted mind.  I won't say that 10% is impossible to reach but it is really very slim to reach that gain.  If you are day trading, you need to focus on your trades, mostly you need bot for this. Have a good bot setup and look for coins that have a huge volume and support but have huge price gap between buy wall and sell wall.  This mean you will be jumping coin and token everyday.  It is not impossible to hit 10% in a day but the problem would be the consistency and the availability of trading pair that you can exploit.  This kind of approach have more risk than the ordinary approach so I would suggest that it is better to lower your profit target.

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