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Author Topic: to be able to get a large profit in today's trading is very difficult!  (Read 1864 times)
joeperry
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January 17, 2020, 02:20:48 PM
 #141

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
Best tip i can give is to study different trading strategies or study more about reading the market charts it seems that you have a problem in predicting coin behavior it's natural for the coin to go down for a couple of days or weeks you should also consider what type of trader are you, day trader, swing trader, etc. another suggestion is to go back to basic you can also find free resources such as forex trading courses since forex market reading and crypto have the same concepts and i think you can apply it to the cryptocurrency market as well.

Be observant as well try to look for patterns on the market.

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January 17, 2020, 02:48:59 PM
 #142

I assume volatility hurts many of us here, just recently I moved from bitcoin to another coin for example and that coin didn't skyrocketed like all the other coins, it is in a better situation right now then it was when I moved so I am technically in "profit" right now but that doesn't change the fact that I could have been in a bigger profit if I stayed in bitcoin, or moved to another coin that went up even higher.

People only look at their profits and losses but reality is you also have the "missed profits" thing that nobody cares about and that is the biggest loss of them all. You going from 1000 dollars to 1100 dollars is not really a profit if you could have went from 1000 dollars to 2000 dollars but missed that out for the 100 dollars you made, that looks like a profit but in reality is not.

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January 17, 2020, 03:39:52 PM
 #143

It is difficult and this is why most people lose their money and the few that know what they are doing take everyone elses money. 

This is why I shifted to more long term trading so that I don't have to worry about the daily or weekly volatility.
You did really good because in long term trading we feel more safe than other things, lose and profit both will happen in trading so we should learn from our mistakes and don’t try trading as a short cut to get rich faster. Trading is based on patience and knowledge so do both and better spend for long term trading if you are new and inexperienced in trading
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January 17, 2020, 04:11:45 PM
 #144

You did not name the coins you choose to trade. I think your main problem is precisely this.
Surely you are looking for coins focusing on their growth potential or focusing on the likely fall of a coin in the future, usually in the short term.
Personally, I will recommend that you trade only Bitcoin, and open only long transactions until you get used to it and completely understand the market.

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Maslate
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January 17, 2020, 04:14:47 PM
 #145

I would not advise trading altcoins, since their price chart is absolutely unpredictable. Unless only top coins. It is better to trade those instruments that have the greatest capitalization. But in this case, the daily profit will not be as large as we would like.

You should start setting your mind that altcoins season will not gonna return these days and that small profits that you gain is already good enough especially if you can have it consitently. If you dream of having bigger profits in trading, focus more on the different strategies in trading wherein you can still make profits even if the market value is not that totally high.
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January 17, 2020, 04:38:55 PM
 #146

in trading you will not always get large profits, I prefer small profits but the circulation of funds continues to spin compared to large profits but uncertain. You need to know that the market can change at any time, so think again if you want to look for excessive profits.

 
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sisule
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January 17, 2020, 05:04:13 PM
 #147

in trading you will not always get large profits, I prefer small profits but the circulation of funds continues to spin compared to large profits but uncertain. You need to know that the market can change at any time, so think again if you want to look for excessive profits.
Better get small profit continue every day when trading than you want to earn higher profit but waiting more than one or two months because could give bad effect with your source income at the future, you always have looking other job how to get daily earning and have money every day with you make long term trading way.
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January 17, 2020, 08:59:42 PM
 #148

Why it's so hard if you want to sell or carry on a long-term basis. So long so uncertainty occurs and the price fluctuates from time to time, you will benefit from it. Don't presume the market will always show green colours because it can not happen. The most important thing about this is just that you know the right time to buy and sell money. The price of altcoins was linked to the price of Bitcoin and it's almost the same trend.

 
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dark08
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January 17, 2020, 10:33:16 PM
 #149

Too bad to say it's not like the market before. May we see that prices continue to rise beforehand, but unfortunately it's in a long run that we all struggle and this time we can't even have any bullishness. And you're right, it's really hard to make a profit, but we can still do it if we determine all our power to it. Trading will also affect what coins we will be trading / holding, and if we use those less fortunate coins, we can really think of becoming profitable because they have more potential to grow..


On a bear trend its really hard to make a good profit but since we already starting to rise up again you can make a good money all you need is a good strategy that will suite to your trading behavior.
But on other scenario you have a point the market are now difference  wayback when the bullrun are too popular.

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January 18, 2020, 01:01:21 AM
 #150

Too bad to say it's not like the market before. May we see that prices continue to rise beforehand, but unfortunately it's in a long run that we all struggle and this time we can't even have any bullishness. And you're right, it's really hard to make a profit, but we can still do it if we determine all our power to it. Trading will also affect what coins we will be trading / holding, and if we use those less fortunate coins, we can really think of becoming profitable because they have more potential to grow..


On a bear trend its really hard to make a good profit but since we already starting to rise up again you can make a good money all you need is a good strategy that will suite to your trading behavior.
But on other scenario you have a point the market are now difference  wayback when the bullrun are too popular.
The market is already on a way back to $10k or more this year. If we never give-up holding our coins until now, I think we end up our hard days being unprofitable. Looking forward that this year is gonna be fruitful and meaningful to everyone who suffers big losses in the past days and their patients have been paid off.


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January 18, 2020, 03:58:04 AM
 #151

I would not advise trading altcoins, since their price chart is absolutely unpredictable. Unless only top coins. It is better to trade those instruments that have the greatest capitalization. But in this case, the daily profit will not be as large as we would like.

You should start setting your mind that altcoins season will not gonna return these days and that small profits that you gain is already good enough especially if you can have it consitently. If you dream of having bigger profits in trading, focus more on the different strategies in trading wherein you can still make profits even if the market value is not that totally high.

As more money starts to come into the market, more people will start investing in some of the smaller coins. So, they're probably going to return to doing well again at some point. Also, you're right about taking small profits. If you can take even 1% profits, that's just fine. It really does add up over time. Just look and see what happens when you compound 1% interest daily.

 
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January 18, 2020, 07:29:19 AM
 #152

It seems like day trading does not currently support altcoin traders, and you are not alone. the strategy that I use now is medium and long term trading, this is all I do to anticipate an unstable market situation. it's better to defend than to attack without limits.
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January 18, 2020, 05:33:47 PM
 #153

What exactly makes you so sure this won't be the case in the future as well? Maybe those .000001 drops you get from faucets now could be worth something in 10 years? Also, the market has a lot to do with this. It's a lot easier to profit on a trade whenever you're in a bull market and the price is going up. You basically just hold as long as you want during these markets. Can't really screw it up.  There's a lot less room for mistakes during a bear market. Hold too long and you could be screwed.
I do not really use my time to try to get money from faucets but those that do complain that now it is impossible to withdraw the money that they had accumulated from faucets and that those faucets ask from them to deposit some bitcoin in their account so it seems that faucets have become scams as well, the only way in which the story could repeat itself is if you could find a faucet that give you altcoins and then that altcoin went up in value in a very significant way and you sold those coins for a very high price.
Fauceting is already a trash thing completely and i dont see a reason why would people do still continue to engage on tings.
For exploring matters then its understandable but making it as a source of income the better not to try yet you would just waste up your time.
When we do talk about large profit on trading? Its possible but it depends totally on how good you are and also on how much money you do
risk in (big position) or either doing leverage (not suggested).The wrong thing here is that people are hurrying too much on making big money
because they do saw from other traders without even realizing that getting profits does really need time and patience and experience.
I think the same, faucets are a waste of time I was just answering a question but I have the very same thoughts as you, and when it comes to trading while your skills are without a doubt really important at the same time people really do not put any kind of attention to their emotional control which is critical because most people take decisions based on their emotions and not on what they see in the market and that is a big problem if you want to become a profitable trader.
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January 19, 2020, 10:23:46 AM
 #154

It seems like day trading does not currently support altcoin traders, and you are not alone. the strategy that I use now is medium and long term trading, this is all I do to anticipate an unstable market situation. it's better to defend than to attack without limits.
You can use Bitcoins in daily trading to get small benefits. Altcoin is currently not very stable because of fraud cases but Bitcoin is safe and secure, you only need to be patient and learn from others and your experiences. More and more Practice in daily trading will also bring improvements in you.  Due to the short term nature of daily trading the fear of lose in case of dumps will also not be a cause of constant tension for you.

 
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Hypnosis00
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January 19, 2020, 10:34:59 AM
 #155

It seems like day trading does not currently support altcoin traders, and you are not alone. the strategy that I use now is medium and long term trading, this is all I do to anticipate an unstable market situation. it's better to defend than to attack without limits.
You can use Bitcoins in daily trading to get small benefits. Altcoin is currently not very stable because of fraud cases but Bitcoin is safe and secure, you only need to be patient and learn from others and your experiences. More and more Practice in daily trading will also bring improvements in you.  Due to the short term nature of daily trading the fear of lose in case of dumps will also not be a cause of constant tension for you.
Altcoins won't give any assurance regarding market returns. Even those coins belong to the top 10 still struggling hard to recover and how much difficulties for the unrecognized coins. Its something we need to accept that altcoins haven't meant to make their way to a bullish again. If ever we gonna see some price incline but I couldn't think that all altcoins will have it. Investors will still be picky in altcoins rather than of considering Bitcoin alone.


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BigBos
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January 19, 2020, 11:27:36 AM
 #156

this proves that all that is needed is patience. if you hold a few coins before 2020, you have benefited from it. for examples like bitcoin, ethereum, LTC, XRP, BCH, BHC SV, and many more, don't you just have to hold back a little longer to make a profit from it? Well, information is important, but I think this year has good information to hold assets.
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January 19, 2020, 02:36:12 PM
 #157

Just because we were able to make money in these last 2 weeks do not forget the hard times we have been through.

Looking here in the past few days people have been talking about how its not that hard to make money from the crypto world and how in 2019 we had a great bull run as well (even bigger than current one) and we could have made money, that is not the reality for people who also bought in during the bull run and lost money, so do not consider yourself lucky just yet.

Whoever buys at the top will always be doomed to lose money, whoever buys from the bottom will make money, those two different people will never understand each other at all. Of course, we are in a good situation right now, hopefully it will continue like this and we will break the 20k eventually but when we do, do not forget the old days where many people lost money.

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Cacingkemi
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January 19, 2020, 03:03:00 PM
 #158

this proves that all that is needed is patience. if you hold a few coins before 2020, you have benefited from it. for examples like bitcoin, ethereum, LTC, XRP, BCH, BHC SV, and many more, don't you just have to hold back a little longer to make a profit from it? Well, information is important, but I think this year has good information to hold assets.

but what the OP is talking about is how to make a profit in day trading when the market situation tends to decrease more often. everyone will certainly apply patience in long-term trading, because that is the main key to being able to target the benefits to be gained
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January 19, 2020, 03:48:48 PM
 #159

this proves that all that is needed is patience. if you hold a few coins before 2020, you have benefited from it. for examples like bitcoin, ethereum, LTC, XRP, BCH, BHC SV, and many more, don't you just have to hold back a little longer to make a profit from it? Well, information is important, but I think this year has good information to hold assets.

but what the OP is talking about is how to make a profit in day trading when the market situation tends to decrease more often. everyone will certainly apply patience in long-term trading, because that is the main key to being able to target the benefits to be gained
when talking about daily trade, OP alright that is difficult to take profit when the market condition tends to decrease more of then. but there is not options if the price of coins decrease you should to hold your coins and its mean you can take your daily profit then to be patience for long time. for me if the market conditions tend to decrease more often better to earn profit from another ways like signture campaign, airdrop campaign etc than trading

 
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January 19, 2020, 04:38:53 PM
 #160

Well, it is not easy to make a huge profit in a short term even when you are a professional in this field. Unfortunately, the majority of traders especially the newbies are impatient. We all obviously want to earn a significant profit but without learning and  strategy you will get nothing.
Furhtermore, the two keys of success in trading is the patience and the risk, if you play always  safe then you will barely make a profit .
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