Indicator for good daily trading performance?

[wxa7115]

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 

First of all whatever profits you are having it cannot be considered unfair, those people that say it have never risked a dollar in their lives, you are taking a risk and the bigger the risk the better the payout, people see others making millions and they only see the end result but they never see all the money, time, energy and planning that goes into getting those millions.

Second, you are making good profits already, if you can maintain that progress, something really difficult I must admit, then you will become wealthy over the long term, do not fall in the classic mistake of trying to chase more profits to accelerate the process only to make a mistake and cripple your account to the point that it is almost impossible to recover from it.

[Mpamaegbu]

I use Binance as it was recommended here

Binance is a nice place to start for beginners because it gives traders the confidence that their funds are safe. Nothing discourages the mind as uncertainty.

Trading is more efficient than holding, the more you trade, the more profit, that's mathematical view I see applicable now.

Hodling doesn't task one's brain on any rational or irrational moves to make while trading throws in all that. You're absolutely right. It's easier to grow tokens through trading but there is a high risk of also losing the token when price surges and never returns to the sold price. This is what scares a lot of people who tag themselves hodlers. Otherwise, nothing stops a hodler from offloading once he observers a dip ahead and then rebuys later. But it's a twist and the hodler may not be able to regain the opportunity. Of course, everyone likes for the quantity of whatever token/coins they have to increase in quantity too but it isn't an easy thing to do.

[Kelvinid]

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

Not bad, and actually to say you that you are lucky to have that profit every day while the others are struggles to earn a few sats in trading. You are already on the right track, you can improve that in the future if you will keep that strategy.

If you are adding more into your capital, expect your profit to grow because that also a factor. Big capital, big gains but it also has a huge risk. But for you that have already the system used and have an effective strategy, it is no longer be a problem. You only need to stay on track and avoid too much greed.

[New.in.trading]

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 

One week is nothing. Imagine you play golf for one week. And its surprisingly easy. try to do that longterm to compete with the Tiger Woods of this earth, and soon you will learn what it means to be a golf player. You can basically use every other sport or activity and replace it with golf in the previous sentence.

The hard part is when you don't make money. When you have a loss. And another one. Once the third loss in a row is there, you will be down to the floor. You probably end up doing one of those "I will get everything back with this one perfect trade and lose even more.

Why is trading BTCUSD so easy these days? Because it has a nice trend. go back in the charts, when the price was between 6 and 10k. Going back and forth... That destroyed many traders I know. I wish you all the best.

Imho, if you do 1% a day, and can keep on doing this, it's amazing. that sums up to 250% a year, actually more once you include compounded interest. you will soon learn in case you could continue like this, in one year you should be a millionaire. Then again... Why is not everybody a millionaire?

I wish you all the best in your journey, for me, even 2-3% a week is considered a good week. A month with 10% is a great month.

[blckhawk]

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'd say you really have talent on trading and you even find it easy when others struggling on their trades. Anyway, 1-2% profit is good and you even managed to get profit in every single day, that is a good start. It seems you are on a good track and I hope you can maintain it. But bear in mind just stick to your strategies or plan and avoid being greedy.

Trading is more efficient than holding, the more you trade, the more profit, that's mathematical view I see applicable now.

It still depends on your performance though because let's say you were trading a lot but it is not certain you will always win, there will be a time you will lose, and that will be deducted from your total profit. Trading was also more exposed to the risk. While HOLD will sure take a lot of time for you to get a decent amount of profit but it will be at low risk. So if we will analyze, aren't they will yield the same outcome. Yes, it would not have the same amount of profit but the gap wouldn't be that far.

[bassbity]

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

in fact you can earn more than 2%, if you trade spot within 1 minute, using fast style trading. although it has a big risk. well that's the risk, but you don't worry, you can master it a little bit if you really actively trade daily. gradually you will understand every movement of each crypto, because you trade daily, then you will get used to the movements from day to day.

[bitgolden]

First of all whatever profits you are having it cannot be considered unfair, those people that say it have never risked a dollar in their lives, you are taking a risk and the bigger the risk the better the payout, people see others making millions and they only see the end result but they never see all the money, time, energy and planning that goes into getting those millions.

Second, you are making good profits already, if you can maintain that progress, something really difficult I must admit, then you will become wealthy over the long term, do not fall in the classic mistake of trying to chase more profits to accelerate the process only to make a mistake and cripple your account to the point that it is almost impossible to recover from it.

That is the real problem with those type of situations, only seeing the end result. For example very recently there is this GME stock and reddit situation right? There is this guy who invested 50k into gamestop back in early 2019 and he has been holding it forever and keeps buying calls with his profits and he has a long thats forever basically without a time end, and he turned his 50k into 35+ million dollars. Now when someone says 50k to 35 million dollars people think that it is luck, or it is just as easy to do that if they bought some as well.

There are so many people who buy GME now and they hope to get rich from it as well just like how user "deepfuckingvalue" did, but the reality is that this dude figured out that this coin would go up a lot waaaaaay before anyone did, and figuring that out and putting 50k on it 2 years before anyone else did is a marvelous move that nobody else could have done. Hence they see the 35 million and they think they could do that too but in reality very few people have the talent and courage.

[dezoel]

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 

1 to 5% daily is not a bad one, you can be making good amount of money with this percentage. Although I don’t think that trading is as easy as you have stated in your last paragraph, I have still seen people who are struggling with it despite that they have learnt all that they are meant to learn, but they still can’t find a way to make good profit, while there are those who are making profit to the extent they have decided that trading will become their day job and they even go ahead to quit their jobs from offices.

To achieve something you have got to commit time, hard work and lots of money, if not it’s going to be a waste. So, if you’re able to be getting 1% or 2%, that’s good, in a month you round up with 30% to 60%.

[dunfida]

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 

1-2% daily isnt really a bad figure but it wont really be that something worth of if you do have small capital yet those profits wont really be that significant for you to mind off
but if you are still on the process of learning and tending to gain constant earnings into those percentages then its up to you if you do decide to make your capital even way
more bigger to feel of that 1-2% then its up to you but be sure that you are aware on the risk equaled to it and also, dont just limit nor stop on getting those profits
in daily basis, try to increase it even way more higher but this wont really be a simple one.It takes time and patience for you to reach out that extent.

[fahmimajannat]

1/2% is not bad.
Every profit is good untill you are facing losses. The long you trade the more you learn.
Never take your losses as a failure instead take as leasson.
Many new ideas will come up to your mind day by day. If you can implement these ideas in reality your ROI will  increase gradually.

[Wexnident]

I'd actually say that those are pretty good. Most traders actually end up even or even lose out by 1-2% most of the time imo, a person who profits all the time seems to be quite the trader and is staring at the market candles all the time. There's also luck involved ngl, but hey, I wouldn't diss on your effort through the use of saying your profit was due to luck.

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%...

Glad that you had a profit after a month. I'd suggest taking a break since having such positive results may end up in you going overboard at times and may end up in you losing everything all at once. Maybe try a demo account, and widen your portfolio for your real money and try out strategies with the demo account.

[zanezane]

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

That is not an expert trader then, it is more of a coward trader that doesn't have the guts to risk even if he knows that he/she can beat the market. Yes, you can get a steady profit but where is the fun in that, are you really alright with just getting 2% when there are opportunities that you could have get a 10 or a higher percent. I would say that an expert trader is not someone that only has a consistent performance but someone that also sees the opportunity as to when will he/she get a big profit, so in essence, an expert trader should be a mixture of opportunist, smart, and consistent.

[gabbie2010]

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 

Good performance for a start in your trading journey however consistency in making profits will ensure your success in a long run although some losses will be incurred a long however your money management coupled with your trading strategy which I believed has a good risk to reward ratio will bail you out of your losses and if you can compound your profits then in a long run you will earn massive profits, there is a thread here link; https://bitcointalk.org/index.php?topic=5308896.0 which can motivates other traders the OP is aiming to make a profit of $80000 from an initial investment of $100 for trading this year.

[XZERO1]

For me it's more close to 2-5% on average lately but it wasn't anything close to this on bear markets that we had before, so if you just started trading in this green market, then don't get overexcited and manage your risk properly by using stop-loss and take-profit whether you're trading altcoins or Bitcoin, because you never know when the whole market is going to turn red and start correcting which is inevitable in any market for a healthy price action.

It's really easy to make money in this market and if you look at the daily USD/USDT chart for any altcoin or even Bitcoin you will see that it was mostly just upward movement with very small corrections, and that means you can not just go wrong in this market and even if one/two day/s you happened to be in red, there's a very good chance if you wait it will come back up.

That's mainly why I think the best time to start trading is not in bull market for beginners, trading on bear market makes it just too easy for you to trade in this market since you've seen the worst that could happen while trading carelessly, but then again it makes you extra careful at all times that could be bad on bull market(missing out on profits/risky trading opportunities) and could be good on bear market(because it's way too unlikely to find good trading opportunities then).

[ethereumhunter]

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 guess my daily performance in trading below 1%. I do not use daily trading, but I see the market move first before I trade. If the market can move good, and I got the feeling to trade, I will enter the market, but I do not use too big money, as I do not have many trading skills. So if my daily performance can reach 0.5%, that will no problem for me. After all, monthly, I guess that percentage can be bigger, and if the market can moves stable with up and down in the price, I think my profit will be enough for me.

[Sled]

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 tell you now that you are doing so well. I've found that you have such passion for trading and that a 1-week trading experience gives you many things to learn and able to correct mistakes. This is an indication that you will succeed, but there is one thing that you need to win is to control your emotions. This is the hardest thing to do and this is also the common reason why many traders had fails.

If you got a stable daily profit at 1-2%, you are exactly moving far day by day.

[TinaK]

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 well doing performance in trading so you can actively doing the same job, you will understand the further tricks of trading. I am not a day trader and I have good experience in trading platform, so I am always plan for midterm trading and I know to stop the loss in everyday. But If you want to know about the active indicator you must join some active telegram groups that is more convenient to play the trading.

[Betaj00]

I want to tell you thst as a beginner if you make daily 1-2% form you crypto trading then as my opinion it is very good profit for you. I think you achieved a very good knowledge about crypto currency trading, becouse without any proper knowledge nobody can't make daily good amount from crypto trading.           

[wxa7115]

First of all whatever profits you are having it cannot be considered unfair, those people that say it have never risked a dollar in their lives, you are taking a risk and the bigger the risk the better the payout, people see others making millions and they only see the end result but they never see all the money, time, energy and planning that goes into getting those millions.

Second, you are making good profits already, if you can maintain that progress, something really difficult I must admit, then you will become wealthy over the long term, do not fall in the classic mistake of trying to chase more profits to accelerate the process only to make a mistake and cripple your account to the point that it is almost impossible to recover from it.

That is the real problem with those type of situations, only seeing the end result. For example very recently there is this GME stock and reddit situation right? There is this guy who invested 50k into gamestop back in early 2019 and he has been holding it forever and keeps buying calls with his profits and he has a long thats forever basically without a time end, and he turned his 50k into 35+ million dollars. Now when someone says 50k to 35 million dollars people think that it is luck, or it is just as easy to do that if they bought some as well.

There are so many people who buy GME now and they hope to get rich from it as well just like how user "deepfuckingvalue" did, but the reality is that this dude figured out that this coin would go up a lot waaaaaay before anyone did, and figuring that out and putting 50k on it 2 years before anyone else did is a marvelous move that nobody else could have done. Hence they see the 35 million and they think they could do that too but in reality very few people have the talent and courage.

While I was aware of the gamestop drama that has been all over the Internet I was not aware of this person in particular but it makes sense as the same is happening in this market, people are complaining they have to pay 38k for one single bitcoin when others had the opportunity to buy it when it was worth less than a dollar and they think it is unfair those people get those kind of profits.

But what they do not get is that those people invested in bitcoin when almost no one knew what it was and it was not clear if it will succeed or not, when at this time I think it is obvious bitcoin will in fact be valuable for decades to come and it is going to be one of the strongest currencies of the world so it is obvious they should not get the anywhere close to the same profits.

[adaseb]

1-2% is great and if you can do this everyday you would be a billionaire in no time pretty much. The key is to be consistent. I looked at the poll and apparently tons of people make between 2-4% per day which tell me one thing. People are way over-leveraging themselves or they are new traders who started to trade in the last 3 months.

What people don't realise is that markets are usually not this easy to trade. You can buy anything these days , whether its crypto, btc, alt, stocks and chances are you will make money. However eventually the markets might get choppy and that is when most people are cleaned out. The worse are choppy markets, even in bear markets you can make money however most people end up losing everything during sideways trading where its difficult to get a sense of short term direction.