Trading with profitability

[kamvreto]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

[dansus021]

I think newbie traders like me or who have a minimum amount of money will start to do trade futures or Contract Trading with leverage is very high risk and if we don't know what we doing its ended up like you have said continuing losing.

I want the target daily to be around 10$ or 70$ per week it's pretty much more than enough. and i usually only use 10-20x leverage and a max 35x.

But what is your trade startegy

[Wind_FURY]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

[Findingnemo]

As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.

[Johnyz]

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

Don't have my daily target profit but I have set my target for the whole Month since there are times that I cannot trade for a day due to some reason and by doing this, it gives me more time to analyze and more time to achieve my goal without making any pressure everyday. Its better to have your target profit for a longer period because you cannot make profit in trading everyday, there are time that you will be forced to sell at your cut loss price and you have to accept that fact. 10% profit for the whole month is ok for me, as long as I'm consistent on doing this.

[kamvreto]

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

it's just nonsense when we talk about "daily profit" consistent with day trading, when psychology can't be controlled and to panic, and lack of capital. Being consistent will not be easy, it requires more knowledge, not just basic trading knowledge. consistent daily profits will be more difficult than just holding for the long term. Must have consideration, which strategy is really suitable in order to produce maximum profits.

[GreatArkansas]

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?
(...)

Risk management comes here. If I were in your situation, I will always use the 10% rule. This means for every trade you open, it is must less than or a maximum of 10% of your capital/available balance is the size of your trade every time.
And about the risk: reward ration, I am always doing some always 2 or above on that.

[Wind_FURY]

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

it's just nonsense when we talk about "daily profit" consistent with day trading, when psychology can't be controlled and to panic, and lack of capital. Being consistent will not be easy, it requires more knowledge, not just basic trading knowledge. consistent daily profits will be more difficult than just holding for the long term. Must have consideration, which strategy is really suitable in order to produce maximum profits.

Day-trading, swing-trading, long-term trend trading, or even HODLing! NONE of these different trading strategies will give ANY user "daily profit"/"daily paper profit" because of the volatility and the unpredictability of the market. There will always, ALWAYS, be draw-downs in our investment portfolios.

[bettercrypto]

       I do what I do when I'm doing trading I use a time frame let's say every 30mins when within 30 mins I see that I have a profit and at least 5-10% I will go down and then I will sell 30 mins again when it arrives 30 mins and the target extends such an interval again until the percentage profit target is reached.

This is just how I often do and sometimes every 4 hours this way I can help me somehow do my day trading here in Crypto Space

[savetheFORUM]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

[summonerrk]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

No one knows where the cryptocurrency price will go tomorrow. But in any case, trading within a day, or even a week is the best way to reset your deposit. It is best to either try to determine the bottoms and tops, and accordingly buy and sell on them.
But better to HODL.

[lixer]

As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.

These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.

[Oshosondy]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

Bitcoin is good in long term, especially after a significant bear market, I agree with that but I do not agree that bitcoin is not good for trading, it is good for trading, even some traders consider it better than altcoins. I understand you though, you mean that altcoins with good marketcap are also still more volatile, which means it can help in making profit but the more can also be the losses, especially the highly volatile ones. What I am just saying is that bitcoin is good both for long term and short term trading.

I want the target daily to be around 10$ or 70$ per week it's pretty much more than enough. and i usually only use 10-20x leverage and a max 35x.

But what is your trade startegy

Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

Day-trading, swing-trading, long-term trend trading, or even HODLing! NONE of these different trading strategies will give ANY user "daily profit"/"daily paper profit" because of the volatility and the unpredictability of the market. There will always, ALWAYS, be draw-downs in our investment portfolios.

Holding and swing trading are not meant for day profit. Scalping and day trading are the ones that can give daily profit. If I get you correctly, you mean that if someone is trading, there are bad days too? I agree with that, but it should be in a way that the good days are more.

[Wind_FURY]

day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.

It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

They also could just be those trolls, like the trolls in the forum, who like to take advantage of newbies and plebs like us. They want us to be under their influence, and to manipulate us, making us question the truth which we already know. That's called gaslighting, and it's working very effectively in the forum, because I noticed that there are other people who have started to defend the posts of one "special" troll in BitcoinTalk.

[Obari]

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

Trading is a very interesting business to be in and I see trading more as fun rather than a very serious business and this has been one strategy that has helped me from trading with emotions

I trade synthetic indices using DerivGo app and it's been an amazing journey and definitely with $1000 I'm assuring a $20 effortless profit daily without having to stress the account so bad.
$1000 is a great capital to step into a trade with and I would advice you use the least volatility with a $20 stop loss and a $10 take profit will serve more profit.
Good luck

[Findingnemo]

As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.

These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.

3% isn't tiny even 1% because long term traditional investors know how much returns they can get per annum which is around 7 to 10% on average but here we are talking about one day which is 365% if someone manages to achieve 1% every day but my point is its not really possible in reality and that is why day trading is risky so don't be attracted with the return rate since we also need to consider the risk-reward ratio.

[michellee]

Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.

[Marvell1]

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

Don't have my daily target profit but I have set my target for the whole Month since there are times that I cannot trade for a day due to some reason and by doing this, it gives me more time to analyze and more time to achieve my goal without making any pressure everyday. Its better to have your target profit for a longer period because you cannot make profit in trading everyday, there are time that you will be forced to sell at your cut loss price and you have to accept that fact. 10% profit for the whole month is ok for me, as long as I'm consistent on doing this.

Agree, setting a daily target is too much pressure for us because we won't always win, there will be days when we just know to stop loss and stop loss. The monthly goal is reasonable, and with the 10% goal being a coveted success, I'm really surprised when someone says their goal is 3%-5% per day. Honestly, trading so easily won't have many people losing money and having to find an outside job, I am also trading forex and my goal of 10% per month is a huge profit for me.

[dansus021]

Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

That is very small leverage but I think you have a good point, a high leverage means a high risk most of my trading community used x10 and max x25. But also if are you using small leverage you need a bigger capital ? How much is your trade deposit and percentage per entry?

[Flexystar]

One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.

Leverage trading would be easy in the far more stable market but not in the volatile market like bitcoin or pick any other altcoin. Except stabelcoins, however it is next to impossible to take out any profits from the Stablecoins with leveraging strategy. In leverage where you can open the position higher than the amount you have placed isn't the thing of crypto trading really.

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Though I have some what average experience with this one, I would not fall for greedy trap and would consider myself OK with profits up to 20-50 dollars every day. The profits should not be taken as continuous revenue, because I will also have to consider the losses sometimes. It can not be lucky day all the time. We loose as well!

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

With intraday, I think easy 10-20 USD, considering it has heavy volatility all the time.