What do you think is a good sustainable % to make from day trading?

[thecodebear]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

[exstasie]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

It depends on a few things, one of which is how profitable you are. Some traders and trading systems are simply better than others. In fact, most traders will lose their money right off the bat. So are we assuming you're a decent trader employing good risk management, or what?

Strong bull trends like 2017 or early 2019 are extremely profitable and easy to trade. Range markets and corrections (the majority of the time) are much less so. Trading BTCUSD full time will considerably cut into long term % profits just for that reason.

I generally avoid scalping and any kind of intraday trades. Too high variance, too stressful, less profitable. Focusing on higher time frames and riding more powerful trends will yield higher profitability than scalping. I honestly can't even fathom thinking about trading in terms of daily profits.

Given so many factors, it's hard to be precise. 10-40% monthly (over the long term) is attainable but again, most traders will instead lose money. This study of the Brazilian equities markets says 97% of day traders lose money. Bitcoin might not be so far off from that.

[thecodebear]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

It depends on a few things, one of which is how profitable you are. Some traders and trading systems are simply better than others. In fact, most traders will lose their money right off the bat. So are we assuming you're a decent trader employing good risk management, or what?

Strong bull trends like 2017 or early 2019 are extremely profitable and easy to trade. Range markets and corrections (the majority of the time) are much less so. Trading BTCUSD full time will considerably cut into long term % profits just for that reason.

I generally avoid scalping and any kind of intraday trades. Too high variance, too stressful, less profitable. Focusing on higher time frames and riding more powerful trends will yield higher profitability than scalping. I honestly can't even fathom thinking about trading in terms of daily profits.

Given so many factors, it's hard to be precise. 10-40% monthly (over the long term) is attainable but again, most traders will instead lose money. This study of the Brazilian equities markets says 97% of day traders lose money. Bitcoin might not be so far off from that.

I'm well acquainted with losing money haha. But at times I've taken advantage of profits from uptrends and got a bunch of profits out. I agree with the going for longer term trades. Starting this year out I pretty much put 2/3 of my trading stash into a long term trade that I expect to be hit at some point later this year, and 1/3 of the stash I'm just day trading here and there so I can take profits every once in a while instead of just waiting for some really long trade. I used to think 1% per day was possible, but then I'd always get stuck in a trade eventually as the price plummets and sell for an overall loss after averaging 1% or better for a while. I've never used stop-losses. Maybe I should try that, but the market is so volatile I figure it's just as likely stop-losses will be hit and then the price goes up and I take a loss when I could have gotten a gain. Haha.

Anyways, now I'm gonna shoot for just like a third of one percent a day I think on my smaller daily-or-so trading stash. So I can have some trading fun while waiting for the next major bull swing. It's fun to be like hey I made $20-or-whatever today for doing nothing (at times during day trading I've make hundreds of even low four digits per day, but that never lasts long of course and I'm pretty much always too greedy and then get all that money caught in a day trade when the price drops severely and lose those profits).

Anyway as just kind of curious for day traders out there, who has made money and over long term through ups and downs what sort of percent gains/day or per month are people able to achieve? And do people take profits out immediately to realize it, or do they compound up day trades. I've found that taking the money out of the market after a trade is preferable, otherwise I am almost guaranteed to lose those profits on a later trade.

[gabmen]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

Well with the way btc moves, i think 1 to 2% daily should be a decent amount if you're day trading. Bitcoin isn't moving that much and yeah, it goes up and down a few hundred dollars, but if you want to be at least the safest, and i think this doesn't apply just to btc, less than 5% profit a day would already be a good haul. Most of us don't even get to break even at the end of the day.

[panganib999]

Since you're going for daily, a minimum of 1% should be enough. You wouldn't really want to lose much because of a single trade, and since your looking to do this in the long term, that much should be quite enough. I'd advise you to separate some money though. Invest some of them for day trading, and convert the others to the coin you want for a long-term investment. That way, you have both avenues secured, and if the coin ever grows to reach greater heights, you'd be making much more profit. This requires a larger capital though, so be careful with budget management.

[Savemore]

There is no specific percentage that you can earn from day trading. The price of bitcoin is so volatile so the prices are always changing and there is no specific amount that you can earn every day. I'm trading bitcoin but not everyday because there is only trading setups that I keep using and it always depends on the current price action.

[Furious 7]

There is no percentage that we get in daily trading because it is not certain and can not be ascertained, sometimes only a maximum of 5% if market conditions are like but when the market is bullrun then it can be more than expected so it is very fluctuating so it cannot be relied on how much acquisition of bitcoin / USDT trading that we get every day.

[bitcampaign]

5% is better, but unfortunately not every day to get the price of bitcoin to go up like that with a few percent profit, but I don't use big capital so I better hold it for a little longer about 1 month to get a few percent profit instead of spending time every day for only a few percent of profit that is not comparable to my capital

[MI6]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

Maybe 5 - 8% i think 10% will harder to get. For day trading i think we should make regular profit daily and it is hard to make higher target. Maybe instead of day trading, with bitcoin price now maybe mid or long term trading will be fit for us. As long we can get profit more than our usual day trading will be better.

[Wexnident]

Setting a goal of 5% per day should be quite good. Achieving it isn't a requirement, but getting at least that much every day should bring you quite  some profit, especially if you want to do this in the long term. Just that, Breaking even should be your first priority before trying to achieve a profit of 5%. Although I know that some days, it would be quite difficult to achieve such a feat, it's good enough to set an achievable goal not far from the requirement of breaking even.

There is no specific percentage that you can earn from day trading. The price of bitcoin is so volatile so the prices are always changing and there is no specific amount that you can earn every day. I'm trading bitcoin but not everyday because there is only trading setups that I keep using and it always depends on the current price action.

Still, an assumed percentage should give the OP or others a goal to work for, albeit a vague or sometimes inaccurate one. Creating a stable goal would make sense for the long term, making your planning a lot easier tbh.

[BTCGOLD]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

I think an average of 2% -3% per day in long run should be a very good result. However, manual trading has no chance with robots. Professional traders play on algorithms that can do even several transactions per second. By hand, no one can win with them on the market.

[el kaka22]

You can't make a % profit every single day, that is not sustainable to begin with, nobody can make a profit every single day. If you make even 0.1% profit per day that is 36.5% per year and that is not sustainable at all. You can make 36.5% a year as a whole however do not expect it to come every single day.

If you look at it more in the monthly way that could be more realistic, still not consistent because each month is different but if you could actually pull of on average 5%-10% monthly that would be superb and would be profitable in the end, that is at least possible, that is the highest realistic number btw, if you consider anything above that becomes unrealistic. However, more average and realistic is about 15%-20% per year, which is quite doable, average, and definitely realistic.

[btccashacc]

I think 1% - 5% or maybe more if the market is in a good situation but honestly, it's really difficult to achieve it because the market situation can be different from time to time, sometimes we earn profit sometimes we lose. The point is generating profit, it doesn't matter how small the profit is, if we calculate the profit we get every day, we may get a lot. I personally don't set any goals, even though my profit is just a little I'll be grateful.

[figmentofmyass]

You can't make a % profit every single day, that is not sustainable to begin with, nobody can make a profit every single day.

he means averaged out over a long period of time. any day trader is obviously gonna have losing days. average daily profit is just a way of analyzing progress and estimating the effect of compounded gains.

I used to think 1% per day was possible, but then I'd always get stuck in a trade eventually as the price plummets and sell for an overall loss after averaging 1% or better for a while.

1% a day is tough to sustain, particularly if you are restricting your trades to BTC/USD. sometimes the best trade is no trade. when the markets are choppy and there's no strong trend to piggyback on, you don't wanna be forcing trades just to sustain your profit goals. you'll end up doing the opposite.

I've never used stop-losses. Maybe I should try that, but the market is so volatile I figure it's just as likely stop-losses will be hit and then the price goes up and I take a loss when I could have gotten a gain. Haha.

stop runs are all part of the game. there are certainly those times. the key there is to reenter those setups again even after getting your stops run, which is something many traders can't handle psychologically.

but consider the alternative scenario, which happens often: the downtrend sustains and a few weeks later you're bagholding with a horrible drawdown. then you're doubly screwed because not only are you sitting on huge unrealized losses that will be hard to recover from, but your capital stays locked into a bad trade when you should be putting it into a winning trade.

i would never trade without stop losses. it's the only way to keep losses small. you gotta keep losses small and let your winners run.

[thecodebear]

I'm surprised to see people saying like 3, 5, 8 percent per day! Like yeah that is achievable while Bitcoin is going up. But it'd take the best trader in history to make that through the whole range of market situations! I would think 1%/day would be extremely good long term. If you're compounding that is doubling your money every 70 days.

If people think making multiple percent a day long term is good, either you are filthy rich now or you're not thinking this through.

[thecodebear]

You can't make a % profit every single day, that is not sustainable to begin with, nobody can make a profit every single day.

he means averaged out over a long period of time. any day trader is obviously gonna have losing days. average daily profit is just a way of analyzing progress and estimating the effect of compounded gains.

I used to think 1% per day was possible, but then I'd always get stuck in a trade eventually as the price plummets and sell for an overall loss after averaging 1% or better for a while.

1% a day is tough to sustain, particularly if you are restricting your trades to BTC/USD. sometimes the best trade is no trade. when the markets are choppy and there's no strong trend to piggyback on, you don't wanna be forcing trades just to sustain your profit goals. you'll end up doing the opposite.

I've never used stop-losses. Maybe I should try that, but the market is so volatile I figure it's just as likely stop-losses will be hit and then the price goes up and I take a loss when I could have gotten a gain. Haha.

stop runs are all part of the game. there are certainly those times. the key there is to reenter those setups again even after getting your stops run, which is something many traders can't handle psychologically.

but consider the alternative scenario, which happens often: the downtrend sustains and a few weeks later you're bagholding with a horrible drawdown. then you're doubly screwed because not only are you sitting on huge unrealized losses that will be hard to recover from, but your capital stays locked into a bad trade when you should be putting it into a winning trade.

i would never trade without stop losses. it's the only way to keep losses small. you gotta keep losses small and let your winners run.

I have definitely been guilty in the past of continuing trades and realized that sometimes the best trade is no trade...very hard to know when that is the case though.
And yes I have plenty of experience watching my trade plummet many percent and trying to figure out i I should get out of it and trade at the new lower level with what is now a smaller stash, or stay in it in case it rises. Somehow no matter which one of those I choose I often pick the wrong one haha.

I think perhaps a good strategy is to never put more than one trade in at the same money level (and to of course split your stash up into multiple trades). Like if you bought at 8000 and the price went up some but didn't hit your sell number, then goes back down to around 8000, don't buy in a second time at that level, because if the price goes back up you are still making money with the trade you already started, and if the price goes down more you want to have money set aside for that and not end up with multiple trades at the same starting point just because of volatility over time.

Also chasing profits is a sure way to lose money. When you've made a lot of money as the price goes up, its easy to think you can keep trading at the current level but at some point price is gonna turn around downwards and trades will get stuck and you'll lose what you made - this is when no trade is better, or better yet don't just trade because you have cash waiting, only trade when you feel like there is a clear set up. Don't trade because you can and are chasing profits. I guess that is where stop losses come in also.

Another strategy I am no implementing is always take profits off the table once a trade is complete. Yeah compounding is amazing but it is wayyyy to easy to lose money in a bad trade after a string of good trades. I now get any profit made out of their so I don't end up back at square one after a long time. You want to realize your gains, not leave them out their to eventually disappear.

Anyway, enough ramblings from me tonight.

[hello_good_sir]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

Probably not too far from what you'd get from simply holding bitcoin.

Unless, of course, you have some kind of proven strategy or trading bot (and I'm not talking about random Telegram signals, I'm talking about bots like Gunbot that actually has somewhat of a track record and you can program in your own strategies). But even then, I think that you're limited by the volatility of the market overall, because even shorting BTC requires at least some level of market volatility to make it worthwhile.

So no, I wouldn't put a numerical figure on it. But extravagant gains would require extravagant circumstances and strategy to be sustainable in the long run.

[milewilda]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

It would vary because not all traders do succeed when it comes to day trade.Each person do have its own target when it comes to profits 1%- 5% per day or even more, depending on your capacity and skills when it comes to trade.Talking about sustainable? theres no such thing because not all day you would be profitable so it wont really give fixed numbers.The answer of this question doesnt have a fix number and the thing here is that you do end up a day in greens.

[michellee]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

That will depend on how much initial money you used in trading. If you can buy 1 bitcoin, then I think your percentage can be bigger than if you used small money. For example, if you have $8500, then you can buy more than 1 bitcoin, but I suggest you buy 1 bitcoin and hold the rest of the money for backup money. Then with 1 bitcoin that you buy at $8140 ( for example ), you can follow the price moves, and if the price can increase more than $8300 on that day, you can sell it instantly.

The next day, if bitcoin still at $8300, you can wait for a while until the price is down, but it is not guaranteed if the price can go down below $8300 and back to $8140 again. Maybe the price will down at $8220 or another price, so you can try to repurchase 1 bitcoin.

So by that small description, you can see that the percentage will vary every day because bitcoin prices will always be up and down every day. If you don't have a lot of money to buy 1 bitcoin, you can buy with any money you have, and if the price can increase for more than $50-$100, you can sell it without waiting for another high price because that will not always go up for more unless the pump is happening in that time.

[tokeweed]

If you day trade Bitcoin/USD, through ups and downs in the market, what do you think is a good percentage of your total trading stash to make on a daily basis over a long period of time?

You just can't say.  Expect a lot of swings and there def will be times when you lose for longer stretches than anticipated.  

All you can do is manage your losses well (keep 'em small) and let the wins sort themselves out (depending on volatility).