I choose only those currencies, I find reliable. For me those are BTC and ETH. And I do only long positions. I am satisfied with one deal, which is opened and closed within one day. The percentage I look for is in the range of 1.3%-1.6%. No more. However, I understand that a day candle could be more than this, I choose not to take unnecessary risks. From my experience, 1.3%-1.6% growth happens every day, no matter which market it is today. I analyse when is the right moment to enter and open position with the goal of 1.3%-1.6%. I do it every day. In a month period I plan to have from 39% to 48%, if every day is successful. However, I am fully aware that every single day of a month cannot be as profitable as I with, sometimes I even close orders with loss. That is why I calculate, that at least 2/3 of a month should be as I plan. That is how I earn at least from 26% to 32% of my deposit in a month. This is all I earn for a living, actually. I have been trading for 2.5 years.
You must have had a lot of losses last two years. BTC and ETH prices were mostly falling. How did you manage to find the right moment to open a long position every day? Yes, in BTC/USD chart, height of many day candles is more than 1.3 %. But the height is calculated as the difference between the top price of the day and the bottom price of the day. And on many days, the bottom was after the top. So even if I’d buy the very bottom, it wouldn’t necessary mean that a 1.3% increase could follow. Vice versa, during the bear market its probability is not so high.
Finally, I got a feedback! Thank you! I already started disappointing that nobody cares about replies to the questions they asked themselves in the first place.
Actually, my losses were not that catastrophic. Of course, I had them and still have them from time to time, however generally I always find myself in a plus. I don`t say I always know when the right moment for opening a position is, but I try to find one everyday using technical indicators. And I guess I have succeeded in this, because I chose not so high percentage of a profit which satisfies me. And also as I said before, my calculations suppose that not all 30 or 31 days of a month will be profitable. But I try to make such at least 20 days. And I succeed so far. I believe that doing such trading can lead me to my goal, which is financial freedom and possibility not to work as an employee.
