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Author Topic: Trading with profitability  (Read 470 times)
Oshosondy (OP)
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March 03, 2023, 08:00:19 AM
 #41

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?
I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.
It is really a low margin ratio that is used, but better than high margin with low amount of money. I understand your point though, you mean I can still increase the margin ratio a little to get a better profit, going 2x margin for bitcoin is not bad though. But we should know that the more the margin ratio that we use, the more the emotion can lead us the wrong way.

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March 03, 2023, 02:50:39 PM
 #42

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.
That 5 dollars per day is actually pretty good when you consider how quickly you could grow. If you make about 0.5% per day, that means on 100th day you would have 500 dollars more, and that's not even counting exponentially, that 0.5 will become 7.5 dollars, and in another 100 days you would have 2250, and in another 100 days that would be 3300+ dollars, as you can see even before the year runs out, even if we just restock it every 100 days, it is already 3x for you and then we have another 65 days left for the year, which would make it 4k+ and 4x profit as well.

That's what we need to consider when we are making these type of investments, small but consistent profits matter more than quick returns.

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March 04, 2023, 12:17:09 AM
 #43

I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Not using leverage is best at spot market, but at the spot market, we can't make a profit when the market downturn. But honestly, my money is not that much Maybe the max is $400 for now. and yes I do trade altcoin as well with $400 maybe entry $10-$20 with lev is good right?

Anyway, are you sometimes to hold your futures trading for a couple of days, Swing Trader ?

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March 05, 2023, 06:18:15 PM
 #44

I think everyone has different approach and they may do something with it. But mine is basically just understanding that it's not going to be a simple thing so I try to avoid thinking in simple terms as well. It's not really a solution to just focus on what you can trade and how you can trade, but it is important to realize if you can trade or even if you should even trade or not.

Because there are times when trading is riskier than others, and investment is better during those periods, when you calculate ALL these together, it turns out that it's not an easy thing to make a profit, many people jump into trading without considering half of these at least.

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March 05, 2023, 08:29:19 PM
 #45

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.

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March 05, 2023, 09:27:08 PM
 #46

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.

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.
If I am a trader with $1000 capital the profit that I'll be expecting in a month will be around 20-30% on my overall capital which means a profit of around 200-300$ per month. For this if you breakdown daily profit should be around 8-10$ per day but the problem is that all days are not consistent as you might lose money on a few days and make more on a few so better to take monthly targets. But yes try to achieve them by staying by your rules don't overtrade just to meet the target as it can backfire pretty easily.
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March 05, 2023, 10:55:03 PM
 #47

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.
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March 05, 2023, 11:50:05 PM
 #48

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.
There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.

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March 06, 2023, 01:48:31 AM
 #49

There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.
Unlike to small accounts with modest lotsizes, which usually result in liquidation, higher capital yields significant gains. Particularly when the market is volatile, we should manage our trading accounts and know what to do and the things to permanently remove from our minds. Our primary goal is to hold positions in trading that generate enormous profits. There is unquestionably only happiness when a trade reaches our target price for the day. Some traders will close their accounts for the day right away, while others will try to enter another set of trades despite the fact that there is an 80% chance that they will result in losses.

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March 06, 2023, 05:29:25 AM
 #50

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.
That 5 dollars per day is actually pretty good when you consider how quickly you could grow. If you make about 0.5% per day, that means on 100th day you would have 500 dollars more, and that's not even counting exponentially, that 0.5 will become 7.5 dollars, and in another 100 days you would have 2250, and in another 100 days that would be 3300+ dollars, as you can see even before the year runs out, even if we just restock it every 100 days, it is already 3x for you and then we have another 65 days left for the year, which would make it 4k+ and 4x profit as well.

That's what we need to consider when we are making these type of investments, small but consistent profits matter more than quick returns.
Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.

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March 06, 2023, 02:13:29 PM
 #51

There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.
Unlike to small accounts with modest lotsizes, which usually result in liquidation, higher capital yields significant gains. Particularly when the market is volatile, we should manage our trading accounts and know what to do and the things to permanently remove from our minds. Our primary goal is to hold positions in trading that generate enormous profits. There is unquestionably only happiness when a trade reaches our target price for the day. Some traders will close their accounts for the day right away, while others will try to enter another set of trades despite the fact that there is an 80% chance that they will result in losses.
for those who can understand what to do, then they can survive in the trade. but for those who are controlled by emotions, they will be mired in the destruction of their trading. trading is not just profit or loss, but how we plan a healthy portfolio to run. if this can be done, then our emotions will be stable enough to face a volatile market, because in the future there will be various kinds of market conditions to be addressed properly, in order to achieve targets like the previous portfolio

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March 06, 2023, 07:57:08 PM
 #52

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.
Yes, it's a fact that even if you've got a higher capital it doesn't give you a ticket to guarantee your profit. It is giving you the survivability to stay longer as you trade but if you're no good it's possible that it will be wasted and be gone.
The higher a trader aims for more profit, the riskier they take that path because you'll be doing things so that you can achieve that expected profit as you trade. But the better way is to trade casually and don't aim for any amount or if you do, don't expect a lot and just keep on trading until you think that you can fairly reach those high targets you set. But always remember, set realistic goals in trading.

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Kelvinid
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March 06, 2023, 09:52:16 PM
 #53

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.
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March 06, 2023, 10:02:56 PM
 #54

A large amount of capital for me is always needed for trading because sometimes the market movement is just the slow price movement that's why scalpers always grab the opportunity to make a position still unless you make a huge leverage just to make a small wins it's too much risky move.
I guess ideal of you gain profit at least a 20% of your capital every day still a winning day.

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March 07, 2023, 09:46:35 AM
 #55

Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.
Possible and likely are not the same things. I agree that it is possible, it is also possible to make 100 dollars per day with 1000 dollars as well, you just need to make 10% and that is "possible" but is it likely? I do not think so.

Someone new making 4x return in a single year with 1000 dollars is also possible but it is not likely. Don't get me wrong, I am not saying that it won't happen, or never happened or never will happen, I am sure someone will eventually do it, or maybe even did it, but just because one out of thousand tries happened to be a success, doesn't mean that will also be you. I would say having some more realistic expectations could be better.

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March 07, 2023, 06:41:46 PM
 #56

It is a good profit standard sets by using 1000$ to earn 5$ in a day trading. Of course, using another altcoin might be too much of a risk. Bitcoin is good and its volatility is extremely low compared to these other coins and its dominance is nothing bad to be talked about. A 10% profit is indeed a go for me too.

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March 07, 2023, 06:53:38 PM
 #57

Using $ 1000 to make $5 per day is possible especially with the added ability and expertise in analyzing. It will probably make our profits even bigger. And our choice of trading also is not just one or two coins. We can trade more coins which will provide an opportunity to make additional profits.

If we only calculate the potential profit that we can get, it might be easy but the implementation might not be possible unless we want to take the time to learn more about trading and can improve our trading skills.
Possible and likely are not the same things. I agree that it is possible, it is also possible to make 100 dollars per day with 1000 dollars as well, you just need to make 10% and that is "possible" but is it likely? I do not think so.

Someone new making 4x return in a single year with 1000 dollars is also possible but it is not likely. Don't get me wrong, I am not saying that it won't happen, or never happened or never will happen, I am sure someone will eventually do it, or maybe even did it, but just because one out of thousand tries happened to be a success, doesn't mean that will also be you. I would say having some more realistic expectations could be better.
And this is what people do not get, as soon as you mention averages and probabilities they begin to talk about how this one person they know got what they wanted despite the odds, and they think why the same should not happen to them? And when I am told that I just shut up and let them do whatever they want as I know they do not understand my arguments at all and they will do whatever they want, even if this means they will have to learn the hard way why going against the probabilities is such a bad idea.
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March 07, 2023, 07:19:37 PM
 #58

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.
It's possible for bitcoin but you have to go it with the leverage type of trading and as I know, not that many would like to be in there because of how risky it is to do that.
But having a little target every time we trade will also help because it wouldn't force us to reach some quite huge amount that we have to make within the day.
It's easier to be on that shoe than to be trying hard trading and then you won't meet that expectation of reaching that target being a trader. You don't have to be hard on yourself but just be profitable, whether it's not so high or just middle income as a trader, that's already a good thing as you progress more and soon you'll take more risk depending on your take and assessment of yourself.

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March 07, 2023, 08:16:40 PM
 #59

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This is indeed enough and with the volatility of Bitcoin, we can't expect a huge profit unlike when we are trading altcoins but the risks is too high.
Because as I compared to my friend who is using altcoins can make more than $10 a day if the market is good which means that the hype that these altcoins have could possibly make you earn more and this is quite impossible for Bitcoin. Well, of course, many traders use Bitcoin for safe play and if we are still learning, this is suitable pair to use.
It's possible for bitcoin but you have to go it with the leverage type of trading and as I know, not that many would like to be in there because of how risky it is to do that.
But having a little target every time we trade will also help because it wouldn't force us to reach some quite huge amount that we have to make within the day.
It's easier to be on that shoe than to be trying hard trading and then you won't meet that expectation of reaching that target being a trader. You don't have to be hard on yourself but just be profitable, whether it's not so high or just middle income as a trader, that's already a good thing as you progress more and soon you'll take more risk depending on your take and assessment of yourself.
When it comes on trading up bitcoin or trying out to snip out even on little movements then when it comes to spot then profits cant really be felt much unlike when you tend to higher up the leverage then this is where
you do able to felt out the profits but we know that not all or really that not suggetible on going into higher leverage if you are just still new on trading field. Stick with spot and its better to make yourself that
mastered out on staying up this area before you do consider out on touching up leverage/futures trading. Profit would really be basing up on how well you do make up trades.It doesnt matter
on which one you are involving into as long you do have done your part then this what matter the most.

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March 07, 2023, 08:26:01 PM
 #60

$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
$5 to $10 is what some really good traders would make even before they get out of bed in the morning, though this is really a good strategy, I highly doubt if a serious day trader would be able to continue to stick to this type of plan for a long time, i mean with much discipline, a serious day trader, even after having made this amount easily could one day be tempted to try to make more money since there is still very much time and opportunity in the market.
I am not speculating though, this is something I've experience before, and sad to say that, this was how ended up making some huge loses in trading, at the time though.

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