Indicator for good daily trading performance?

[btcb3g1nn3r]

Hello guys,

I'm quite a beginner in crypto and I have about one week of trading.
I find trading quite easy, I managed to learn from my mistakes and observed different market patterns.

My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders

I created a poll if you don't want to share your experience, in case you suggest new options, please let me know.

I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair 

[vk279]

Hello guys,

I'm quite a beginner in crypto and I have about one week of trading.
I find trading quite easy, I managed to learn from my mistakes and observed different market patterns.

My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders

I created a poll if you don't want to share your experience, in case you suggest new options, please let me know.

I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair 

I am not an expert trader and neither I trade cryptos yet but I think 1-2 % is excellent profit.  If you can make 1% on a consistent basis and increase your position size as you go, you will be super rich .
If you don't mind me asking, what broker do you use for trading cryptos?

[btcb3g1nn3r]

I use Binance as it was recommended here

[Indymoney]

Hello guys,

I'm quite a beginner in crypto and I have about one week of trading.
I find trading quite easy, I managed to learn from my mistakes and observed different market patterns.

My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders

I created a poll if you don't want to share your experience, in case you suggest new options, please let me know.

I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair 

You are doing good job and its very good for beginner as you are taking profit 1 - 2% daily but good thing is you need to be cool mind and keep your straitgy working because any bad slump can hurt you just invest which you can afford to lost never keep all eggs in one basket because its also never been good idea enjoy your trading and keep post here about your adventur and expereince because many others also can take something from this all.

[Lanatsa]

~Snip~

It doesn't matter if you do gain 1-2% daily because anything that is green would be considered to be a good indication that you are indeed doing well.

Im amazed that you had been doing this for a short span of time and saying that it is just easy? Not all would really be having those kind of words because trading is never been easy.

Just continue on what you are doing and making profits is the main goal or target which you are still constantly been doing.

[GreatArkansas]

This may be useful or can easily to get for some daily traders or full-time traders, but it is still applicable if you just get the average.
For OP, I am glad your keep tracking your trades and assessing your win rate, this method may help you to become more skilled trader and responsible too. By this method also will help you for risk management.
Here's quick tip, you can maintain that win rate for daily, minimize risk, maximize profits.

[iv4n]

I don't trade every day, my trades are mid and long term more, so I am just checking my orders from time to time and make new ones, so I can't exactly calculate what's my daily average! But I voted foo option 3 between 2-5%, I think I am somewhere around those numbers!
We all see what's happening with the price last weeks! Now the profit that we're booking are higher, a lot higher! Now all indicators are going crazy, and this is the second time for me to see this, the first time it was in 2017!
If you are good with 1-2% continue with that, you are not far from anyone as long as you are making profit! There're no experts, there are people who make a lot of money, but they have a nice bankroll! So build your bankroll and continue with trading that brings you profit, slowly and steady build your capital and 1-2% will be higher and higher over time! I wish you luck and profit!

[btcb3g1nn3r]

Cryptocurrency trading is easy job but making profits consistently in trading is not possible, if you consider yourself making 2% profits everyday then it is 60% for a month and 720% per annum even when there is no bullish trend on the market. Now say, Do you actually think it is possible to make such returns?

IMO better keep the margin like 5 to 7% per month which itself a huge when we compare with traditional investment.

I'm new hence I open this topic to get feedback... from my calculation with 1% per day profit you can get 100% of your ROI in about 70days. I'll post here once I'm reaching that so we'll see if your annual calculation for some individuals can be true

[btcb3g1nn3r]

Trading is more efficient than holding, the more you trade, the more profit, that's mathematical view I see applicable now.
Assuming the BTC will go down and you don't have any stop loss limit set to convert to stable coin/fiat how you can secure your profit from holding?

[milewilda]

Good to know that you are making profits now but remember these are the best ever days of cryptocurrencies so you no need to actually trade now because simply holding may give you 5% return in terms of fiat value so if you are making 1% return in fiat value then you are actually reducing the profits you are supposed to make. Try to concentrate on increasing the crypto holdings and calculate profits against BTC.

Wouldnt  matter if he would particularly wait for those right days because you can actually get involved on everyday basis without minding if whats the current  trend.As long theres volatility
then that would be the most important thing for you to make profits.As long as it moves then you can possibly make money and its really good to know that he do able to make gains
in spite of that situation.@OP, dont get not to be contented because not all are really having that kind of gains from time to time.We do even struggle to be sustainable on getting profits
and just be grateful that you are doing well against with the market and not all are really having that kind of capability when it comes to trading.

[btcb3g1nn3r]

I was really curious about others' performance (I like challenges, I like contests) for me this is just a new hobby now. It could be just beginner's luck, we'll see.

[ChrisPop]

I hope you are not trading with real money. If you are, withdraw them immediately and start trading on a demo account for the next 3-6 months, but treat those funds as if they were yours (real).
You might be on a winning streak if you're trading only for a week. This is the most dangerous state of the mind - being euphoric and thinking you are making money like a money printing machine.

I don't contest your skills, you might be a natural - but you would be the first one haha. Trading is anything, but not easy, especially for a beginner.

[vk279]

I would say keep trading with Real money but keep your position sizing small.  Demo trading doesn't help much as you won't learn anything without "skin in the game"

[logfiles]

I am not a regular daily trader. I mostly trade futures when there's a bullish/bearish trend. Volatility seems up at such time and therefore its' easier to make profits for even small price changes.

On 5x leverage, I do make  more than 10%of my position value in a matter of minutes or hours and i call it a day with just a 2% price change in an asset. For 10x, I just look for at least 1% asset price change

[crzy]

I was really curious about others' performance (I like challenges, I like contests) for me this is just a new hobby now. It could be just beginner's luck, we'll see.

Well there’s no competition in the market and you only need to focus on improving yourself in trading because this market is too volatile to relax. I make at least 5-10% monthly and this is my goal since I don’t trade everyday and only execute my trade when I see opportunities. Have a good strategy mate, and stay focus on your own goal just don’t mind other traders because we all have our own different trading plan.

[jostorres]

Cryptocurrency trading is easy job but making profits consistently in trading is not possible, if you consider yourself making 2% profits everyday then it is 60% for a month and 720% per annum even when there is no bullish trend on the market. Now say, Do you actually think it is possible to make such returns?

IMO better keep the margin like 5 to 7% per month which itself a huge when we compare with traditional investment.

I'm new hence I open this topic to get feedback... from my calculation with 1% per day profit you can get 100% of your ROI in about 70days. I'll post here once I'm reaching that so we'll see if your annual calculation for some individuals can be true

If you are new, I would advise you to not get hung up on numbers, because you can't always get the same numbers. Just like others said, the best you can do is hope for a good return, and just let it be. Nobody in the world makes a sustainable income from this, sometimes I make 10% return, sometimes I lose money, it is never the same amount every single day.

Now that we know some days are profitable and some days are loss, we have to take a look at averages, because you may make money on averages and if by the end of the month if you have 30% return you can say 1% average right? Well, that is not how it works, because some months are better than others as well, hell some years are better than others, and this is not an overnight success deal neither, we are not talking about making money in a month and getting rich. So long story short, just do what you can do, try to make a profit, but do not get hung up on numbers.

[btcb3g1nn3r]

I was quite enthusiastic after my first week of trading, now I have one month, my profit is 21% (monthly), is it good? is it bad comparing to your own performance?
I made mistakes, I'm curious if there is still place to do other type of mistakes in the future I am about to discover
I hate when I type the wrong buying or selling price for my orders
The most painful mistake was that I waited for less than 200USDT increase before filling my selling BTC order when BTC reached ~40k then dropped by 20%...

[TheGreatPython]

I was quite enthusiastic after my first week of trading, now I have one month, my profit is 21% (monthly), is it good? is it bad comparing to your own performance?
I made mistakes, I'm curious if there is still place to do other type of mistakes in the future I am about to discover
I hate when I type the wrong buying or selling price for my orders
The most painful mistake was that I waited for less than 200USDT increase before filling my selling BTC order when BTC reached ~40k then dropped by 20%...

It’s good that you’re able to make profit easily from trading, it’s not the case with other traders, it’s difficult for other traders here and a lot of them are losing their money. If you’re really making around 1 to 2 percent every day as you have said here, that means by the end of every month you will be having like thirty percent and up to sixty percent, that’s really good, and depending on how much you’re really using for this trading you’re going to be cashing out if it’s big money.

Anyway, however you’re doing it, it’s good, never forget the risks and keep doing your great job. I don’t really make that much and I am not steady into day trading.

[crdmoney]

An expert trader doesn't mean that they made 10 % per day or so , an expert trader mean 1-2% per day but months or years of consistency like that

[maxreish]

It always depends, you see our goal  of 2 to 5% profit a day will be hit easily for today but since market is so tricky therr are times that we made a profit today but will be deficit and loss tomorrow. My point here is having a % profit in a day always depends on how many times you wanted to achieve it. Sometimes we tend to set amount percentage but still wanted more.

On the other hand, a profit target set is a great practice where in a trader will have a target goal that should be reach in trading. As a tradee, it is always good to properly exit with good profits.