How to maintain profitability in crypto trading

[Latviand]

Trading always carries an inherent risk so it's safe to assume that it's not 100% guarantee that you're going to maintain a profitability, losses will be inevitable but they can be mitigated by being disciplined, adapting to what's trending on the market, developing a trading plan, doing technical or fundamental analysis. You also need to continue educating yourself, there's a sea of information out there for you to dive in.

[1715459532]

1715459532

[1715459532]

1715459532

[1715459532]

1715459532

[Mauser]

HERE ARE SOME WAYS TO MAINTAIN PROFITABILITY IN CRYPTO TRADING:
1) Decrease your waste : if you want to maintain constant profits in your trading, you must reduce some special time you spend in some activities that will distract your attention in crypto trading because, crypto trading need constant attention so that you will not miss your profits at the moment.

That's an interesting concept to focus on time management to have free time every week to focus on trading. I would expect that most people here on the forum are doing crypto trading in their spare time and have a full time job that consumes most of their time each day. That is why I mostly focus on the weekends on my investment portfolio. Depending on your family duties you might be able to spend 1-2 hours in the evening on cryptos. It makes a lot of sense to evaluate our daily tasks and categorise them into necessary, important and waste. If we can cut down on some activities that don't provide any benefits for us it's already a win.

[Gallar]

I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

Maintaining profitability in crypto trading is indeed something that traders in crypto must continue to maintain and continue to earn. Because it is certain, all traders will always want to get profits. But in reality, to get continuous profits in trading in crypto, it is indeed not an easy thing. Because it takes long experience, has mastered all trading techniques (in crypto), and requires totality in carrying it out. But all of these methods also don't always guarantee you can get profits all the time, because you need to remember, this is buying and selling, and when buying and selling you will always experience losses and profits. Because that's how the reality is. Meanwhile, all of the methods that you mentioned, there is nothing wrong with them, but all of these methods only minimize to avoid losses. And it cannot be guaranteed that by carrying out all of these methods, you will continue to benefit continuously.

[libert19]

Your points are not what I expected. Stop losses, preserving your capital, going only a few percent of your portfolio in each trade, not shying away from taking loss — is what maintains profitability. Taking care of physical/mental health counts too, neglecting these two will cause you to have poor decision-making.

[wajik-tempe]

I'll add few other tips :

Use stop-loss orders, which are an important tool for risk management in cryptocurrency trading. They assist you in limiting potential losses by automatically selling your assets if their value falls below a specific threshold. Stop-loss orders allow you to preserve your capital and avoid big losses.

Keep up with the latest news and trends in the cryptocurrency market to make educated trading decisions. Keep up to date on regulatory changes, new initiatives, and technical improvements that may have an influence on the value of various cryptocurrencies.

[jaberwock]

Based on my trading experience, stick to your trading plan if you want to consistently make successful trades. You know your strategy is effective, so why not stick with it? However, it is not always easy to continue because your emotions will be affected if you suffer a loss. The more losses you get, the more likely it is that your emotions will suffer. So, for me, the best way to be consistent in trading is to maintain your emotion and avoid trading when you are emotional.

I thought your strategy is already effective? So why get depressed on a single or twice loss when the third, fourth and so on attempt is now going to be successful? More losses can occur if our strategy is not perfect but instead of putting your self down, you must use that energy and time to formulate another strategy.

Consistency helps but obviously we must only be consistent on the positive things. Before we trade, it's important to have other sources of income so that we will not force our selves to trade even though we are in a bad shape or we are emotional. I think that was the reason on why some are losing more in trading so let's not judge those people quickly.

[LastKiss]

~snip~

I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

I will suggest that those traders to be not become greedy in take a decision in trading since our greediness can make our profit from 50% to -50% in a short time. We need to have a clear mindset to do an analysis of the market. Also choosing the correct asset is crucial too since there are a lot of crypto become scams after a few months or a few years, Bitcoin will be the best option for this.

[jeraldskie11]

Based on my trading experience, stick to your trading plan if you want to consistently make successful trades. You know your strategy is effective, so why not stick with it? However, it is not always easy to continue because your emotions will be affected if you suffer a loss. The more losses you get, the more likely it is that your emotions will suffer. So, for me, the best way to be consistent in trading is to maintain your emotion and avoid trading when you are emotional.

I thought your strategy is already effective? So why get depressed on a single or twice loss when the third, fourth and so on attempt is now going to be successful? More losses can occur if our strategy is not perfect but instead of putting your self down, you must use that energy and time to formulate another strategy.

Consistency helps but obviously we must only be consistent on the positive things. Before we trade, it's important to have other sources of income so that we will not force our selves to trade even though we are in a bad shape or we are emotional. I think that was the reason on why some are losing more in trading so let's not judge those people quickly.

Just because you get stress because of two or three loses doesn't mean your strategy is not effective. I have learned a many strategies and I have two mentors. There are some people in my batch who are profitable already and there are not profitable as well, but they are using the same strategy. Do you think that those who are not profitable their strategy is not effective? I think it's not. For me, we have different execution in the market and our emotion will affect our execution that's why we don't have the same execution even though we have the same strategy.

[kelonmusk]

Probably I agree with the three ways you mentioned to maintain profitability in crypto trading. Decreasing waste and conducting market research are both important to ensure you don't miss out on any potential profits.

And of course, increasing your capital can help you buy more coins and maintain regular profits in the market.

So, I think it's also important to note that there are other factors that can affect profitability in crypto trading. For example, emotions can play a big role in decision making and can lead to impulsive trades that may not be profitable in the long run.

Important to have a solid trading plan and stick to it. Additionally, it's important to stay up to date on any news or announcements in the crypto world that could affect the market.

[LogitechMouse]

~
I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

I'm no professional trader, but between those 3 things that you said, the third one is the only part where I agree on it.

For the first one, so you are saying that I will focus more on crypto trading, and will not do anything outside of that, my profits will be constant? Are you sure about that? Do you mean constant is 100% win rate because if that's the case then I don't think that would be healthy for a trader to focus most of his time on trading. I mean we have other things to do outside trading as well. Focusing on trading might increase your chances of getting profit, but it will not guarantee you that you will get profits every time.

For the 2nd one, I'm trading as well (but not that much), and I didn't conduct any market research at all. Why would you conduct a market research if the only thing that I'm trading is Bitcoin, and some coins that are supported in futures trading in Binance. I mean do you need to do market research every time you make trades? I don't think so.

The 3rd one is the one that I will agree with one condition. If you know that you are profiting in trading, then that's the time that you will increase your capital. I mean why increase your capital if you are just a newbie in trading?

Now to answer the question of OP, this is just base on my experience, and coming from an average trader who are earning just enough to pay some bills here. How to maintain profitability in crypto trading? Just learn how to read charts. That's what I'm doing, and so far, I'm profitable with trading. I'm not an expert in crypto trading, and I'm only using 3-4 indicators whenever I'm trading, but it works FOR ME. Take note that what works for me might not work for anyone.

[benalexis12]

In increasing your capital, I somewhat believe in that, because if you have a deep understanding of trading and know the tools to use in actual trading, it is not unlikely that you will actually get a daily profit. And that is one of the advantages of having a large capital according to what I have seen and observed.
Because if it's just a small capital, it will appear in the end that the profit will be a bit slow and don't expect it to be big either. Then it also depends on the movement and demand of the coin as far as I know.

[Stable090]

3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

We all know if you increase your capital, then you will be able to increase the amount of coin which you will be able to buy, but you might increase your capital and you might not be making much capital compare to someone that’s using capital that’s not up to your own. Before you can be making enough money, then you will have to invest reasonable amount of money, but I believe everything is not just about money always, learn to do your analysis well or you might not still be making enough money even with much capital which you invested, you might even be losing your money. If your analysis is right, then you will be making reasonable amount of money.

[Sanitough]

To have a good win rate maintain your consistency make a trade when you are fully prepared and ready this is all about the market price so all of your knowledge and learning can be applied with your trade this depends on your profit having a proper execution of your trades makes you more easier to make a green portfolio.

Trade in your expertise don't trade by just depends on other people make your own signals and analyzation for your trades.

Just trade when you’re at your best. Sometimes, we tend to get carried away by greed and resort into instant trading, without knowing that the market could be your worst enemy if you trade without prior knowledge and experience in the market. Trading is a game of chance and luck, but more likely it’s a game of skills and experiences. The reason why we don’t need to rush in trading, only trade when you think you’re already capable to make profits, and not just trading with trial and error.

[sana54210]

Proper planning, proper execution (following your plans), proper mindset and proper risk management are the key to maintain profitability in trading. A lot of traders misunderstand that they think they only need to know how to trade and ignore the other areas like planning, how they should think when they are trading, managing their expectations and also how much they will allocate. Maintaining profitability is very hard thing to do and you need a lot of experiences just to do it, if you will take a look of the data about it; you will find out that only 5% are consistent winners in the market and the rest of 95% are the people who are maintaining their title of losers because they ignore the other areas of trading.

All of those things you pointed out requires some experience and to be fair skill. Not everyone does it, because not everyone is aware that they should have them, and the ones who do not all of them can do it, or learned how to do it. The worst kind of trader is the one who knows what they should do, and too lazy to do it and instead look for a shortcut, like check out signals or influencers.

Just realize that you have to end up with something much better when the time comes and you should be doing a better job with learning, do not be lazy and if you know what you should do then go and learn how to do it. All those shortcuts people are looking for will only give them short term success and long term loss, or maybe even loss directly from the start as well since it is not a good way to trade.

[Twentyonepaylots]

~snip~

I know, there are some professional traders who will like to add to this topic to help people over there so that there will be progress in constant profits making, your opinion is highly welcome.

I will suggest that those traders to be not become greedy in take a decision in trading since our greediness can make our profit from 50% to -50% in a short time. We need to have a clear mindset to do an analysis of the market. Also choosing the correct asset is crucial too since there are a lot of crypto become scams after a few months or a few years, Bitcoin will be the best option for this.

Agree with these since in trading, emotions are at high stake and if we let those emotions to take us, it will result to us being greedy and just really wanting to earn without proper planning. Everything goes into proper planning before you go on trading such as knowing really what you are investing to so that you can study its market and assess how profitable it can be. Also, you should plan how to handle different emotion and situation since these things can be of big factor and effect in the decisions that we do in trading. So, to maintain profitability in trading you should continually seek for better plan and do something to make it work best for you to achieve greater success in trading.

[GreatArkansas]

(..........)
3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

I don't really agree here, you don't need to increase your capital. You can just even preserve your capital, and do proper risk management. Protect your capital at all costs, like always do have stop losses. Always think that not most of the time is a good to trade, sometimes you need to wait for better trade entry.

[BitDane]

2) Conduct market research: For you to maintain constant profits in your crypto trading, you need to be active in carrying out your personal research daily to know the season we are in the market either bulling season which is the best season every traders want to be swimming in profits making all the time or bearing season which is the season Many traders use to hold their coins very well not to miss their profits.

For me this is the most essential in maintaining profitability in cryptocurrency sphere.  Not only this will save us from unnecessary losses, it will also give us advantage in knowing the possible trend of the ventures we are dealing with.  Doing market research enable us to mitigate risk involved in certain ventures, it will also lead us to have a well sound decision because of the information we have in hand.

Not only that researching the market also enable us to know about the current trend of the market and it also enable us market that is about to phase out so we can avoid investing on it or sell our holdings if we have them.

[Botnake]

If you're already profitable and you just want to maintain it, you don't need to increase your capital unless your goal is to increase your profits.

The risk doesn't change and it's even gonna be bigger when you add some more capital in it. And when you're having some bad beats with your trades, it's okay to take a break.

And adding with the first tip, it's okay to be distracted when you're no longer productive and profitable. You really need to find some other things for you to release that tension and stress from trading.

Even when you’re profitable with crypto trading, that does not mean that your whole life will just focus on it. Life is not just all about money making, you have to balance your work and pleasure so your life won’t be totally boring in the end. And in case of increasing your capital to maintain profits, I have to disagree with it. Large capital does not guarantee large profits too. However, it’s more certain that trading large amount of capital also comes with losing huge amount of money.

[Viscore]

You can't maintain the profitability in trading, because sometimes your losses are more than your winnings and it could be the other way around too. Trading is about luck and how good your probability is, because that's how you're gonna increase your chances of making profit every single trade you're gonna make. Maybe you could have 70-80 percent of making your profit stable but not 100%.

True. There’s no guarantee that trading will be 100% profitable because you are dealing with a very unpredictable market, that even pros in trading also end up losing when the market condition does not favor their trades anymore. Although there’s high chances of making profits if you have better experiences in trading, but you can’t assure that trading will always be profitable. It’s a matter of losing and winning actually, and those who only trade for greed and profits will never achieve being profitable in the end.

[ShowOff]

I don't really agree here, you don't need to increase your capital. You can just even preserve your capital, and do proper risk management. Protect your capital at all costs, like always do have stop losses. Always think that not most of the time is a good to trade, sometimes you need to wait for better trade entry.

An accumulation strategy by placing an additional budget to trade without selling assets beforehand may seem a good one to consider. The intent is clear, but it's not the only way to maintain profitability.

Growing capital and maintaining profitability is very difficult when the market is as volatile as it is without an additional budget, but I agree that sometimes traders don't need to push to get in if the market is so volatile. I've been practicing the strategy, it can recoup your capital losses from falling prices when the recovery occurs, but may not be suitable for those who have no other income for a extra budget.