amazing profit from a trade

[gre123]

hey guys, i just wanted to share with you an awesome trade i made today.
it felt like fishing, i put out the request at night so if the price would reach my limit price it would automatically buy.
i honestly didnt think that it would reach my price but it did, and i woke up to beautiful profits.
https://imgur.com/a/KbGoDfz

its the 11 dollar profit trade , its not much of a money but you can see that its 939% ROI which is pretty decent and my account was 8usd prior to this trade and now its 19.50, which is really amazing for me.
it was a very satisfying trade, hope you like it

[CristianOff]

In terms of ROI, GOOD JOB and congratulations.

In terms of risk management, JESUS CHRIST, you would never do that with $20,000 account 

What was your leverage?
Related to PrimeXBT, is it like normal brokerages platform where you can lose more than you deposit?
What made you think that the price would reach your point? Was it technical analysis or pure luck?

[boyptc]

That 939% within a day!

A huge profit honestly if you have a higher amount but that's it. The same with trading, still trade only what you can afford to lose.

Congrats with that achievement.

[zackchyi]

No need to mention the issue of money a lot / the key is to follow the trend from above + trendy, play safe at a certain level of signing quarter. You should restrain when you follow the trend of 1 trend. will be profitable.It is important to keep the capital.

[UserU]

Related to PrimeXBT, is it like normal brokerages platform where you can lose more than you deposit?

Yes, according to the Fees page

All investments involve risk, losses may exceed the principal invested.

[CristianOff]

Related to PrimeXBT, is it like normal brokerages platform where you can lose more than you deposit?

Yes, according to the Fees page

All investments involve risk, losses may exceed the principal invested.

Then at this point it's better to use bitmex / binance and not risk someone coming after you for
being involuntarily -$10,000 overnight. The "losses may exceed investment" scheme can be
abused and involves HIGHLY relying on the exchange that they will close your position.

[gre123]

In terms of ROI, GOOD JOB and congratulations.

In terms of risk management, JESUS CHRIST, you would never do that with $20,000 account 

What was your leverage?
Related to PrimeXBT, is it like normal brokerages platform where you can lose more than you deposit?
What made you think that the price would reach your point? Was it technical analysis or pure luck?

Hey thanks,  yeah id never do that with a 20000 account. i started this account with 5 dollars and using 1 percent of 5 bucks is like nothing, so i kinda had no choice but to use 10 percent of my margin to grow my capital so thats why the risk management turned out the way it did.  i traded forex and my leverage was x1000, i traded amount 2000 NZD/usd.
I analyzed the prices, previous weeks low and saw that the price was close to it so i decided to place a limit order close to previous weeks low and the next day i sold close to weeks high.
I analyzed the hourly, 30 mins, 4 hours, weekly chart. and i used the macd and rsi indicator. so i guess wasnt pure luck.
i think its  possible to lose more than you deposit but you wont lose much because the website automatically closes ur trades once your account margin finishes up, my account became -3 dollars at one point and all my trades were closed automatically by the website.

Congratulations on the big profit in one day, and yes, you still have another chance to make another profit because the market is still running well until now. But you need to be careful because the market can change anytime, so you need to analyze more to get another profit.

But I am not familiar with PrimeXBT because I use Bitmex or Binance

Hey thanks dude, yeah it made my day. so im taking the time off trading to cherish this achievement and one thing im worried about is that if its possible to make a living out of day trading, i mean thats dream. if i could have a stable income, it would be great...

That 939% within a day!

A huge profit honestly if you have a higher amount but that's it. The same with trading, still trade only what you can afford to lose.

Congrats with that achievement.

yeah i learnt that the hard way, we should trade only with amounts we're comfortable with as things might get red and out of hand lol.

[ethereumhunter]

Congratulations on the big profit in one day, and yes, you still have another chance to make another profit because the market is still running well until now. But you need to be careful because the market can change anytime, so you need to analyze more to get another profit.

But I am not familiar with PrimeXBT because I use Bitmex or Binance

Hey thanks dude, yeah it made my day. so im taking the time off trading to cherish this achievement and one thing im worried about is that if its possible to make a living out of day trading, i mean thats dream. if i could have a stable income, it would be great...

Yes, of course, you can make a living out of day trading, but there are many things that you need to learn. You cannot get a stable income, but your income will vary depending on how good you trade. I know a few of my friends who use trading as their jobs, and they learn some analysis, learning about how to analyze the charts, and else. They can make a profit from that so I am sure you can do that too.

[CristianOff]

Yes, of course, you can make a living out of day trading, but there are many things that you need to learn. You cannot get a stable income, but your income will vary depending on how good you trade. I know a few of my friends who use trading as their jobs, and they learn some analysis, learning about how to analyze the charts, and else. They can make a profit from that so I am sure you can do that too.

It's very popular in London as well (London can trade during the day on asian,european and american markets)

I would add to your comment that anyone who wants to day trade should:

• Start paper trading (you call your trades and write them down on paper) => you do this for 1-6 months to test different strategies, etc.
• Start with a capital of at least $25,000 (this will allow you to make decent profits with low risk margins)

Obviously you can also start with $5,000 - $10,000 to play it safe but this has one risk: you will get greedy and risk more to make what you
think is "normal income" so you will lose more.

[gre123]

Hey guys thanks for the information, i actually have saved just 200 dollars and thats what im planning to trade with, the thing is like you said it tempts one to risk more for a normal income. that is what im learning to do manage risks and keep my emotions in check to grow my capital little by little...
so glad to know that its possible to make a living out of it. as I was browsing the net i read some articles that most day trades lose over the long run but i deeply hope that its not true and that one can make a living out of it...

[UserU]

Obviously you can also start with $5,000 - $10,000 to play it safe but this has one risk: you will get greedy and risk more to make what you
think is "normal income" so you will lose more.

It actually boils down to self-discipline. Even if one starts with 100 or 1 grand, if he/ she can't control or stand the minor losses, things won't pan out well.

[gre123]

yeah, actually prior to this account ive had an 8 usd account which i built up till 18.50 then i lost 3 usd on a trade, i quickly bought again thinking that prices wont possibly drop further, they did and i lost the rest of my balance on another trade, i didnt set a stop loss cuz i didnt believe it would drop further and drop further it did and i got really pissed off,

so i deposited another 12 usd to retrieve my losses and i lost that 12 dollars as well by a little margin.

 the prices would stop dropping further right when i was wiped out and they went higher later, much higher and if i hadnt lost all my balance it would make a 200 usd profit, i guess i learnt this the hard way, self discipline is very important in trading. i still have a longg way to goo...

i recently made a 3 usd trade on crude which was a loss, what i did was i closed my browser and stayed away from the computer , and then when things cooled off a bit i made a 2 usd profit trading the day after, and the day after that i made the huge 11 usd profit which was awesome.

now when i made that 3 usd trade on crude, had i placed another desperate trade in hopes to recover my losses (which i was very tempted to do so) i wouldve probably lost the rest of my balance but i controlled myself this time and the losses were indeed retrieved...
what i mean is its very important to control those wild emotions...

[UserU]

yeah, actually prior to this account ive had an 8 usd account which i built up till 18.50 then i lost 3 usd on a trade, i quickly bought again thinking that prices wont possibly drop further, they did and i lost the rest of my balance on another trade, i didnt set a stop loss cuz i didnt believe it would drop further and drop further it did and i got really pissed off,

so i deposited another 12 usd to retrieve my losses and i lost that 12 dollars as well by a little margin.

 the prices would stop dropping further right when i was wiped out and they went higher later, much higher and if i hadnt lost all my balance it would make a 200 usd profit, i guess i learnt this the hard way, self discipline is very important in trading. i still have a longg way to goo...

i recently made a 3 usd trade on crude which was a loss, what i did was i closed my browser and stayed away from the computer , and then when things cooled off a bit i made a 2 usd profit trading the day after, and the day after that i made the huge 11 usd profit which was awesome.

now when i made that 3 usd trade on crude, had i placed another desperate trade in hopes to recover my losses (which i was very tempted to do so) i wouldve probably lost the rest of my balance but i controlled myself this time and the losses were indeed retrieved...
what i mean is its very important to control those wild emotions...

You're not alone, I had my fair share of losses too. The nagging feeling of to wating to let go off a losing position because you always thought it would rebound and the next thing you knew, stop loss triggered.

[ethereumhunter]

According to statistics, 95% of traders are not profitable ...
A profitable trader is a person who regularly trades in plus. Such transactions are extremely rare.

That is right. They don't learn about how the market moves, so they panic if something happens at the market. If someone can trade carefully and he always analyze before the trade, I think he can make a profit more than the other traders. And maybe, that person will have a chance to get the profit daily. That will need more skills to get daily profit because we need to analyze the market deeper than usual.

[lienfaye]

Well congrats for the profit. Having a successful trades whether its a small or big profit doesnt matter because the fact that you earn its an achievement already.

now when i made that 3 usd trade on crude, had i placed another desperate trade in hopes to recover my losses (which i was very tempted to do so) i wouldve probably lost the rest of my balance but i controlled myself this time and the losses were indeed retrieved...
what i mean is its very important to control those wild emotions...

Yes we need to control our emotions, dont decide base on what you feel. Analyze the situation to have a judgement what decision is best for your trade.

[gre123]

Well congrats for the profit. Having a successful trades whether its a small or big profit doesnt matter because the fact that you earn its an achievement already.

now when i made that 3 usd trade on crude, had i placed another desperate trade in hopes to recover my losses (which i was very tempted to do so) i wouldve probably lost the rest of my balance but i controlled myself this time and the losses were indeed retrieved...
what i mean is its very important to control those wild emotions...

Yes we need to control our emotions, dont decide base on what you feel. Analyze the situation to have a judgement what decision is best for your trade.

thanks for your kind words, yeah im still learning and have a lot left to learn.

[cheater detector]

Wow very great buddy! It's pretty high profit as a trader, usually trader only earn a bit but continuously. What's your strategy and analysis to make that's huge profit? Kindly sharing the tips, maybe I can get it next time after learn from your strategy

[royserpa]

In terms of ROI, GOOD JOB and congratulations.

In terms of risk management, JESUS CHRIST, you would never do that with $20,000 account 

What was your leverage?
Related to PrimeXBT, is it like normal brokerages platform where you can lose more than you deposit?
What made you think that the price would reach your point? Was it technical analysis or pure luck?

I would do $20k trades if I had billions lying around haha

[Fahim2005]

Get Real-Time Data Straight From The Two Largest Stock Exchanges, NYSE and NASDAQ. Trade Major Company Stocks with an Experienced, Trustworthy Broker. Free Technical Analysis. Ultimate Risk Protection. Award Winning Broker. Learn to Trade.
The Forex Daily Profits trading Robot is built to make money, no matter which way the market turns.

In just 12 months, a $200 investment has become $740.38, just by trading micro lots (0.01).

The Advantages Of Forex Daily Profits are Obvious:

1. Low Startup: You can start with as low as $200 for a micro lot account

2. Low Risk : Your maximum risk is only about $100. This max risk remains the same, even if your rolled up profits grow over time. This means, the risk value does not increase, and the profits that you are making are for you to take home.

3. BONUS #1 : You get a FREE Email Expert worth $14.99. Whenever any order gets closed, it will automatically send out an email or SMS to you with all the details.

4. BONUS #2 : If you order today, you also get a FREE Visual Fibonacci Indicator worth $14.99, that can automatically help you see visually where the reversals are going to happen in the future.

5. 30 day Money Back Guarantee : If you're unsatisfied in ANY way, we'll give 100% of your money back! No questions asked. No results to show. Just ask for the money back, and we will give it back. We are able to provide this promise, only because we are that confident with the software. Serious traders take serious decisions. Are you really ready to make your share of money from the market
Treading is about 999% profit
Its realy awesome
  

[gre123]

Wow very great buddy! It's pretty high profit as a trader, usually trader only earn a bit but continuously. What's your strategy and analysis to make that's huge profit? Kindly sharing the tips, maybe I can get it next time after learn from your strategy

hey thanks dude , i tried selling at weeks low. i thought that it wouldnt possibly get lower than that point (but i couldve been wrong)
https://imgur.com/a/BtH2llr

and i later sold at 5989, not the weeks high but still a good profit (around here) https://imgur.com/a/RYh2ziC ( i also analyzed support and resistance levels)

now im aiming to sell at 61460 and have set my stop loss at 61950 , its a bit risky as prices are recovering above 50 percent of the decline from the corona virus (i read somewhere that if the prices finish above 50 percent of the decline, it would be a bullish sign and that almost all of the crashes from the last century till now, those of them that continued to be bearish didnt recover above 50 percent retracement of the decline)
 (SOURCE: https://www.dailyforex.com/forex-articles/2020/04/is-the-stock-market-crash-of-2020-over/136355)
its getting back to where it used to be during march and im thinking if the prices i set will act as support or get rejected, what im doing is a bit risky i think... id like to know your thoughts.... what do you guys think?? i think we are at a very critical point