9thsky (OP)
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February 08, 2021, 03:50:05 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
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jackg
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https://bit.ly/387FXHi lightning theory
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February 08, 2021, 04:07:06 PM |
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If you're fairly average or risk averse. I'd use an example of doing 2 trades and make 2% on both a week. Reinvesting profits would make you ~$1700 on your $10k over the month.
It might be useful to paper trade for a few trades and also determine how risky they are before entering. Youd likely want a stop loss so that your loss is no more than double the potential profit you'd make.
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mk4
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February 08, 2021, 04:48:41 PM |
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Trading in it's entirety(not only with bitcoin and cryptocurrencies) is one of those ways of making money whereas you have unlimited upside, but at the same time, the downside is unlimited as well. Yes, even with only $10,000. Leverage is a "wonderful" thing that could either make you rich or could make you homeless in no time.
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shield132
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February 08, 2021, 04:58:45 PM |
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It depends on a lot of things, you could make a lot of profit and also, you could even lose your capital. Let's start: Imagine you bought DOGE coin immediately once Elon Musk tweeted that it's the best coin to invest in. You could easily profit at least 500% of your capital, i.e. you would turn $1000 into $5000. Then, if you have bought a FUN token, you would profit 20%, i.e. you would turn $5000 into $6000. Then, if you would read a news about how Tesla invested money in bitcoins and would buy them today some hours ago at 38K USD and sell them even right now, you would profit at least 12%, i.e. your $6000 would be $6720.
But I guess you didn't do any of this. Personally, I didn't bought DOGE coin but bought fun token, got 20% profit and bought bitcoins today when price was 38K and got good profit. I wouldn't say that I am smart in trading, no, it's not a thing that I do, I just sometimes trade and when I trade, I just try to catch good moments, not every moment.
So, today was a great and lucky day for me.
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bittraffic
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February 08, 2021, 05:00:38 PM |
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Just enjoy the bull market by buying cheap coins and then wait. You will profit when you only do on BTC/USDT that is for sure. It could be a lot or less than $50. This is already good than losing your money on Leverage trading. Once the market goes against your bet price, it amplifies your loss and its a very harsh market.
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sheenshane
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February 08, 2021, 05:36:46 PM |
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It's totally different if you're a full-time trader compared to investment for the long term. You're very lucky if you bought Bitcoin back then when the price was $6k, it will be folded so many times your profit.
That's good enough to play the market with, you can choose different cheap altcoins to invest but of course, it's more likely risky than holding your Bitcoin and wait until when it will be doubled the price.
A bull market is the true happiness of most holders but if you're planning to invest, it might need perfect timing because every now and then, there will be a short correction.
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South Park
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February 08, 2021, 05:37:13 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
The problem is that we do not know what you mean by realistically, everything will depend on the risk level that you are willing to accept, obviously the bigger the risk the bigger the reward but this will also increase the size of your losses, and there are systems in which a single loss can be devastating, I will say that with a very low risk strategy and using no leverage earning 30% per year is possible with bitcoin, and if you are patient this is more than enough to make you wealthy over the long term.
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milewilda
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February 08, 2021, 06:13:36 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
Lots of things should be consider it first before seeing on how much profit you would make. -Amount that you had risk up on said position -The time you did make out sell or even buying some -How well you do trade and setting % take profit or having that stop loss. Everything isnt guaranteed when you do trade.I cant imagine nor presume on how much money you do make on monthly basis on having that 10k capital into your hands because it will definitely vary on how well you do trade as i mentioned earlier.
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dimonstration
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February 08, 2021, 09:36:21 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
Even you set amount it doesn’t guarantee that there will be profit if it will only be in BTC, most traders earn by trading their money in btc to other altcoins to another, it’s risky but that’s how others really able to earn since BTC is not always going up, maybe now the status shows potential for more growth but it can still affect some factor along the way. It will be better to really learn how to trade, try it first with less money just for the part of studying how to really trade and by that time only we can determine how to earn when we really know how to trade.
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Murpheus
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February 08, 2021, 09:46:20 PM |
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It all boils down to 2 things.....
1. Risk appetite: if you are risking 10% of your entire capital on one trade, you are probably going to make more than someone who risk just 2%.... there's a downside to that, as it will only take 10 loosing trades to wipe out your account... there's no room for recovery.... advice living to fight another day is the key to successful trading.
2. Frequency of trading: let's say your strategy gives a 1:2 risk to reward ratio, if each time you win you get $20 and each time you lose, you lose $10...... and your winning rate is 50%... it will take you a hundred trades to make you $500.... I hope you find that helpful
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Danslip
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February 08, 2021, 09:58:53 PM Last edit: February 09, 2021, 12:44:44 AM by Danslip |
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A higher volatility means more fluctuations on the profit-loss sheet, it is hard to make money for long term trading. Short term trading is more profitable to trade in volatile markets, just catching 15 minute small trends on lower timeframes can boost the balance. Taking 1:2 risky trades will lead to %10 per month profit for short term trading, in my opinion. Short term trading carries the most risks, be careful if you don't know what you are doing in trading volatile crypto markets.
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ReiMomo
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February 08, 2021, 09:59:39 PM |
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~snip~ Everything isnt guaranteed when you do trade.I cant imagine nor presume on how much money you do make on monthly basis on having that 10k capital into your hands because it will definitely vary on how well you do trade as i mentioned earlier.
Exactly and you have a good point, aside from those posts above are right. Profit will not have a guarantee that it will have while you are in trading, it is always exposed to risk, and that will I guess the reason why there are too many traders I have known who quit in trading because they experience a massive loss due to lack of knowledge. So there's no way to determine your profit because as what OP said, bitcoin is very volatile and OP was right about this.
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agustina2
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February 08, 2021, 10:14:16 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
There's no specific profit you can get within a month. Everything has a chance, 100%, and -100%. Crypto-market is too volatile that even how strong a current bull run is, it can crash the next day. Why not just focus on a strategy that will make your trades gives you good profits without thinking of what will be your profit in a month. You will just stress yourself if you expect too much.
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chaser15
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February 08, 2021, 10:19:12 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
Like I said in the other thread, don't set a target profit for a month as we can't calculate it. We can't just say an example figure here as we have different ways to trades. Doing full time, you should get a good profit whether the market is good or bad. Just do your best to make winning trades regularly. BTC is currently on a big pump right now so if that continues, you can bet you have a good profit within one month of trading even just by holding. What are your plans? Day-trade or just holding? Even you are doing full time, there will be a time that you will hold mostly at a time.
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2double0
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February 08, 2021, 10:35:16 PM |
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One of a very few traders know the power of holding, and when it comes to futures trading, I came to know a trader who did 20x in just one day when XRP broke down from its high this year. Leverage was high but that trader managed to short it from an area where it was bound to break down from. If you can find such trades in btc which looks highly possible, you can also make at least 100% profit on your investment monthly with low risk strategy.
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goaldigger
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February 08, 2021, 10:49:05 PM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
Depends on your trading skills I guess but since the market is on the uptrend and its more good to trade right now, considering your capital you can easily take profit of $1000 a month. This can be your lowest profit, and if you are into trading and wants to do a full time trade then expect to double your money on a short period of time.
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Wexnident
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February 08, 2021, 11:48:04 PM |
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I don't think there's a limit, even realistically speaking tbh. Trading is quite similar to gambling in how you can go rich or go home in just a single instance of an event, and you can't even manipulate the process of the event hence most of the time it's just up to luck. Even if you only start a set amount, it's still quite possible to profit quite a lot in a month depending on how your trading goes. I'd actually think it's a lot more easier to just say that you could lose your entire budget in a month in trading rather than calculate how much profit you can get on trading.
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romero121
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February 08, 2021, 11:55:21 PM |
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We can't have a precise calculation on the revenue through trading for the following reasons.
1. The trading revenue depends upon the capital investment. 2. Market fluctuation of the asset that's been chosen for trading. 3. The market is manipulative, so predictions can be outlawed. 4. Some state it as gambling, but here we can minimise the loss which isn't possible with gambling. 5. Experience to trade during the uptrend and downtrend of the market.
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New.in.trading
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February 09, 2021, 11:21:00 AM |
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If doing it full time, starting from let's say $10,000 to play with, and btc being in between the same volatility now and how it was about a year ago when it was at around 6k..what could you net a month, realistically?
I would go with a percentage of your Account. Short term: with high risk: more than 50% is possible Long term: with serious money management rules and not more than 1 or 2 trades a day, I'say 10-30% a month is more than good. Sounds like its not much, but do the math to see where you are in 3-4 years if you can continuously make 10-15% a month, trading BTCUSD.
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el kaka22
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February 09, 2021, 05:29:40 PM |
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I would go with a percentage of your Account. Short term: with high risk: more than 50% is possible Long term: with serious money management rules and not more than 1 or 2 trades a day, I'say 10-30% a month is more than good. Sounds like its not much, but do the math to see where you are in 3-4 years if you can continuously make 10-15% a month, trading BTCUSD. I know that you are "new in trading" and you have been around for few months only, but those are not realistic numbers at all, you have to know that. Sure since October we have been in a bull run so making 10-50% type of returns monthly were possible, you could definitely reach those numbers in these last months, but that is not really the case in most situations, only in bull markets. It means if you are not in a bull market, doesn't need to even be a bear market, you will end up losing a lot of money, and if it is in bear market you are going to end up losing even more money, at least with the way you think. You have to realize there is no "sustainable" amount of money you could make per month, in crypto you sometimes make 100%+ profit a month and sometimes you lose 50% of your money, and all could happen in blink of an eye, that is why I think you should probably realize that going into high risk stuff is not sustainable in the long term.
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