Indicator for good daily trading performance?

[Sayeds56]

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.           

True. As a beginner if you don't lose in trading and maintain your invested capital even that is fine. This is my learning from my long experience of trading in Stocks, Commodities , Forex and crypto currencies. Beginner's should learn Technical Indicators before they jump in any trading activities. I use MACD, RSI and Moving averages Indicators to make entry and exit. I found them very useful trading Tools.

[1714951086]

1714951086

[MIner1448]

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 

An indicator of good day trading is the high volatility of coins, this is the brightest indicator for entering trades and fixing profits on the exchange. Everything else fades into the background, without volatility there will be no profit.

[shield132]

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 

Hah, you are right, money is made in nothing. In reality, new product isn't created in trading, you just sit at home on your computer and buy low - sell high and enormous amount of money is made. But it's as risky as easy it looks.
Don't feel confident because you profited, be as cautious as you were before, the more confident you are in trading, the more riskier your become and there is a high chance that you'll end up bad. When you'll see a 5% decline in capital or even more, more likely you'll do risky movements. Always be extra cautious!

[pragna]

an indicator to determine where you enter a coin when the price is low or when it is collapsing, because if you enter when the price indicator is green it will make you lose money, while for daily trading the profit you can get at least 10% of the total capital you use is very good, trading trains your patience to get a lot of profit.

I think this is good comments for you. Yes indicator is not everything at all. Sometimes indicator gives us wrong information so that market can turn suddenly. But your daily profit good or bad depends on how much money had you invested into market. If you invested very small money 1% or 5% can not be good though its very taff to get more. But if you invest big amount your 1% will be benefited. So its fully up to you.

[wxa7115]

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.

That is the only conclusion that I find myself for the results that we find in the poll, people are using leverage not realizing how dangerous it is, using leverage when the market is going up makes it seem as if you are a genius because you're earning a lot of money and it seems as if the profits are never going to end but then the market inevitably makes a move against you, and it doesn't even need to be a crash if you're using leverage any significant correction is going to be the equivalent of a crash and then they lose money.

And if they just lost some of their capital then whatever risk that they took will be fine as they will still have profits, the problem is that as soon as the market turns against them they lose everything that they had because they were using a very high leverage without any stop loss and they get destroyed by the market.

[Quidat]

an indicator to determine where you enter a coin when the price is low or when it is collapsing, because if you enter when the price indicator is green it will make you lose money, while for daily trading the profit you can get at least 10% of the total capital you use is very good, trading trains your patience to get a lot of profit.

I think this is good comments for you. Yes indicator is not everything at all. Sometimes indicator gives us wrong information so that market can turn suddenly. But your daily profit good or bad depends on how much money had you invested into market. If you invested very small money 1% or 5% can not be good though its very taff to get more. But if you invest big amount your 1% will be benefited. So its fully up to you.

No indicator would really be giving out that precise results  or could predict on when to get out and on when to get in but this is much better that have no basis at all.
When it comes to gain talks then percentage gains will be really significant basing up on how much money you had invested in and as you mentioned
1% gain on having big capital or allocated is much better rather than on 5-10% when you do just put up a small one but well it doesnt matter
because gain is a gain but if you do really like for it to be felt on significant then you would really be needing to invest more into your position.

[pixie85]

If you can hold a daily performance of even 1% you're an excellent trader. That would mean a 30% monthly gain, which is ridiculously high. Most professional traders who deal with wealthy clients or corporations can't promise something like that on yearly basis. If your brokerage gives you 20% a year you're doing great.

So, don't be greedy. Even 10% a month is great. Just note that 30% a month in a bull market where holders can make it without lifting a finger is nothing special

[darewaller]

I think this is good comments for you. Yes indicator is not everything at all. Sometimes indicator gives us wrong information so that market can turn suddenly. But your daily profit good or bad depends on how much money had you invested into market. If you invested very small money 1% or 5% can not be good though its very taff to get more. But if you invest big amount your 1% will be benefited. So its fully up to you.

Actually 1% is really good because if someone is constantly earning 1% daily that basically means you can double your capital within 3 months which is quite amazing to think about. In an year that means 16x your money, if compounded earnings, which is really crazy to think off.

One thing you need to always analyze is that the earnings from trading are happening because of your decisions instead of luck because there is a big bull run market saw this year so I am not sure if 1% earnings reflect your ability to trade or just the luck you had during the bull run which the crypto market saw in recent times.

[AakZaki]

do not consider what you are doing right now is very easy. Trading is not that simple. There will be many obstacles that will keep you on your toes. Currently the market is still in good shape so the altcoin has reached its new ATH and is still in an uptrand. You have to be alert when the Downtrend has arrived. being a daily trader must be vigilant and must be precise to buy and sell there must be a target that must be achieved.

[acdc]

Previously I was not a good person in day-to-day trading so I often opted to keep it long. However, in recent times, when the market has developed very well, sometimes I also participate in daily trading. There are some days when I can make 1-2% profit, some days I get higher profit but not much.

[darthflux]

Well, 1% for me is okay. We should not be greedy for getting some profits. It may lead us to huge losses if we keep grasping for profit. But if we want to earn much more than 1%,  we could use some trading algorithms like Mudrex for us to have better trading strategies.

[wxa7115]

If you can hold a daily performance of even 1% you're an excellent trader. That would mean a 30% monthly gain, which is ridiculously high. Most professional traders who deal with wealthy clients or corporations can't promise something like that on yearly basis. If your brokerage gives you 20% a year you're doing great.

So, don't be greedy. Even 10% a month is great. Just note that 30% a month in a bull market where holders can make it without lifting a finger is nothing special

That is precisely the issue, many people come to this market thinking they can get huge profits, and they can, but how likely it is they will actually get those profits? Even 20% per year in traditional markets is huge, anyone that can do that could command hundreds of millions of dollars and could get investors knocking at his door 24/7 for those kind of gains.

This market can offer even bigger profits than that but it is not something that can be sustained year per year and the issue is that when people see this they decide to use leverage, and while this can increase their profits this also increases their losses and when the loss comes to happen they are completely unprepared and the hit their capital receives is so big that no matter what they do from now on it will be impossible for them to ever recover the capital they have lost.