jeha2015
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November 05, 2023, 01:51:43 PM |
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when traders evaluate the losses they experience, it will grow their skills and experience in the next trade. for beginners I just want to suggest trying a little and upgrading your skills more. Because losses cannot be avoided, then properly manage the finances that will be used for trading. Experience is important, but don't be too ambitious to pursue your own experience. because experience can also be gained from other people without having to experience it yourself. asking lots of questions and listening to advice is a great start for any beginner looking to progress in crypto trading.
Yes, every trading experience is very important, not only from your own experience but also from the experience of friends or other people, because the risk of trading is very large, so if we are able to take lessons from experience then we can minimize losses. Actually trading is not difficult but very, very difficult, it takes years of learning technical analysis, risk, good money management, controlling emotions and greed. These are the things that are needed to be able to generate profits. Without years of dedication like that, it is very difficult to make consistent profits. So apart from experience, mentality is the key. That's the importance of backtesting the method so that we know better what the probability of the method is. How many losses, how many profits all refer to data. When the momentum comes, we no longer doubt because there is a data reference.
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goaldigger
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November 05, 2023, 02:10:01 PM |
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My opinion on this is that:
Don't pressure yourself, don't set a certain amount that you should earn in a day, I mean, be more realistic about what you could earn in a day, especially if when you're a newbie. Don't set too much expectations on yourself yet to avoid disappoinment because you don't need negative energy on your trading journey.
Be happy on whatever you could earn per day, stop comparing your earnings to someone's who's been in trading world for a long time already, that would only keep you in a box and you won't grow if you keep comparing yourself to other successful traders in a bad way.
This is a good advise to focus on your own timeline and on your own target, honestly setting up your target everyday and hitting it is not easy, you're just putting too much pressure on yourself and if you didn't make it for sure you'll be more stressed. For beginners you have to be more realistic and don't ever think, keep on trading the right way and learn along the way, this is trading there should be no rush because you can have that good profit in the long run as long as you manage to be more of a responsible gambler.
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Dickiy
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November 05, 2023, 03:01:49 PM |
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My opinion on this is that:
Don't pressure yourself, don't set a certain amount that you should earn in a day, I mean, be more realistic about what you could earn in a day, especially if when you're a newbie. Don't set too much expectations on yourself yet to avoid disappoinment because you don't need negative energy on your trading journey.
Be happy on whatever you could earn per day, stop comparing your earnings to someone's who's been in trading world for a long time already, that would only keep you in a box and you won't grow if you keep comparing yourself to other successful traders in a bad way.
This is a good advise to focus on your own timeline and on your own target, honestly setting up your target everyday and hitting it is not easy, you're just putting too much pressure on yourself and if you didn't make it for sure you'll be more stressed. For beginners you have to be more realistic and don't ever think, keep on trading the right way and learn along the way, this is trading there should be no rush because you can have that good profit in the long run as long as you manage to be more of a responsible gambler. That's right, basically don't push too hard for something that is beyond your ability or maybe too difficult with your beginner's condition with the limitations you have in the world of trading. Therefore for the initial stage we must get to know ourselves, see whether this profession is suitable or not for us, and if you feel that you have a fit in this field then start by building the best plan according to you, adjust your daily target to your ability, do not overdo it by always applying greed because on the other hand this is a fairly risky activity, therefore by adjusting your target then you can also adjust in terms of risk. Trading is not as easy as turning the palm of the hand, there are indeed quite tantalizing profit opportunities but it is not uncommon for us to have difficulty in achieving them, therefore if we really feel unable then it is better not to force it, it is better to rest and continue tomorrow. If you force it then obviously you will experience pressure and maybe stress, therefore we as traders must have good risk management and emotional management, because if you don't have all of that then it is very possible when you are in an emotional state because you can't reach your daily target you will do something out of plan and it will have a bad impact on your trading journey, instead of making a profit but what happens is reversed, and maybe even MC. That is what is feared and we must have preparation as one of the precautions so that it does not happen.
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uswa56
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November 05, 2023, 03:12:51 PM |
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My opinion on this is that:
Don't pressure yourself, don't set a certain amount that you should earn in a day, I mean, be more realistic about what you could earn in a day, especially if when you're a newbie. Don't set too much expectations on yourself yet to avoid disappoinment because you don't need negative energy on your trading journey.
Be happy on whatever you could earn per day, stop comparing your earnings to someone's who's been in trading world for a long time already, that would only keep you in a box and you won't grow if you keep comparing yourself to other successful traders in a bad way.
This is a good advise to focus on your own timeline and on your own target, honestly setting up your target everyday and hitting it is not easy, you're just putting too much pressure on yourself and if you didn't make it for sure you'll be more stressed. For beginners you have to be more realistic and don't ever think, keep on trading the right way and learn along the way, this is trading there should be no rush because you can have that good profit in the long run as long as you manage to be more of a responsible gambler. Being in a hurry will ruin your trade. There are several things you should avoid when trading, one of which is not being too aggressive or rushing. However, setting a daily trading strategy is quite realistic, but the profits cannot be targeted too high, usually people who use a day trading strategy will only take a small profit with a percentage that corresponds to the capital they have. There are various trading strategies, and we can use any of them but of course they come with different levels of probability and risk. I once tried trading with a daily profit target, it was quite risky and I decided not to apply that strategy again.
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Fara Chan
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November 05, 2023, 03:22:45 PM |
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This is a good advise to focus on your own timeline and on your own target, honestly setting up your target everyday and hitting it is not easy, you're just putting too much pressure on yourself and if you didn't make it for sure you'll be more stressed. For beginners you have to be more realistic and don't ever think, keep on trading the right way and learn along the way, this is trading there should be no rush because you can have that good profit in the long run as long as you manage to be more of a responsible gambler.
I also agree more with continuing to trade in the right way while learning deeply to find out new knowledge which is considered important in order to have a more realistic mind. Because there is no easy way to gain profits in any case other than continuing to carry out the process correctly and diligently, apart from that, beginners also have to be really prepared for conditions that are sometimes very uncertain with the targets they have set. But with no intention of stopping and continuing to do it, any beginner will also get profits according to what he is targeting.
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Fuso.hp
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November 05, 2023, 04:12:32 PM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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redsun114
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November 06, 2023, 12:38:21 PM |
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Earning daily income by trading actually depends on a person's money. You will get profit according to the amount of money you can invest in the trade.
The amount of profits one can earn depends on the capital, and earning depends on the knowledge and experience of the trader and whether they can manage to make successful trades or not. But, unfortunately not an each and every day is a same day which means you may book 50% profits today and may book 40% loss tomorrow. So, calculating profits for a day is absolutely not meaningless in my opinion. Moreover, an experienced person will never face loss
That's not true. Even experts in the market and technical and fundamental analysis tend to incur losses sometimes, the main thing is to recover those losses which is possible if you can make a few successful trades after a losing trade. Basically if we want to make daily income by trading first of all it is important to have good knowledge about trading and then having funds is most important.
Yep, both of these are the basic requirements. Have your capital ready first, and then gain the necessary knowledge about how you can use that capital effectively. Any trading you do is risky, so you have to take risk if you want to earn daily.
No risk, no reward, as they say.
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Inwestour
Legendary
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Activity: 1092
Merit: 1032
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November 06, 2023, 03:02:53 PM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
I also tend to calculate my profit per month, it’s more convenient. There is some kind of habit in this, like paying a salary every month, perhaps that’s why it’s more convenient. But if I try to separate the earnings from trading and from my main job, then what I manage to earn from trading is significantly lower than the income I receive from my main job. Therefore, I devote significantly less time to trading than to work, but it is worth saying that I started trying to trade relatively recently, so perhaps this is why my results are not as good as I would like.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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wxa7115
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November 09, 2023, 03:59:01 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
I also tend to calculate my profit per month, it’s more convenient. There is some kind of habit in this, like paying a salary every month, perhaps that’s why it’s more convenient. But if I try to separate the earnings from trading and from my main job, then what I manage to earn from trading is significantly lower than the income I receive from my main job. Therefore, I devote significantly less time to trading than to work, but it is worth saying that I started trying to trade relatively recently, so perhaps this is why my results are not as good as I would like. It makes sense that at the beginning of your journey your results are not as good as you would expect, however at such stages any profits you may be getting are good enough since the majority of the traders face losses instead. And once you improve further your trading strategy, your understanding of the markets improves and the money you can dedicate to trading increases, then your results should improve dramatically, unfortunately this also means you will have to work two jobs, but the additional income is without a doubt worth it.
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gabbie2010
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November 09, 2023, 06:44:07 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
Truly as a trader you can't have a fix amount of profit daily this is based on the fact that each traded pair might have different exit, a trade can be close early before reaching it target possibly if a reversal is detected or trade not moving as planned all these factors would make it difficult to have a fix rate daily profit, market has no respect for anybody and there are days a trader would breakeven i.e loses equal profits earned that day therefore having a mindset set of earning a fix profits daily is quite difficult, it might be implemented in forex trading but difficult in crypto trading, I knew this is common with new traders thinking that such idea is very realistic until they started live trading before they realize how difficult implementing the idea.
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EarnOnVictor
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November 09, 2023, 08:21:11 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
I also tend to calculate my profit per month, it’s more convenient. There is some kind of habit in this, like paying a salary every month, perhaps that’s why it’s more convenient. But if I try to separate the earnings from trading and from my main job, then what I manage to earn from trading is significantly lower than the income I receive from my main job. Therefore, I devote significantly less time to trading than to work, but it is worth saying that I started trying to trade relatively recently, so perhaps this is why my results are not as good as I would like. It makes sense that at the beginning of your journey your results are not as good as you would expect, however at such stages any profits you may be getting are good enough since the majority of the traders face losses instead. And once you improve further your trading strategy, your understanding of the markets improves and the money you can dedicate to trading increases, then your results should improve dramatically, unfortunately this also means you will have to work two jobs, but the additional income is without a doubt worth it. I don't think there is one peculiar stress in training on how to trade, it's going to be an added advantage, and since it's practical, it's a workover to traders who are pleased to do it. I can't say I can point to a burdensome time in my trading career when it comes to training, it was a regular daily lifestyle at that time and nothing could be easier than it. The joy that one would make more money alone is enough to lessen the burden but one must be sure that they are learning and training in what is important. The issue is that the problem of many traders is not what they are training for and this is highly unfortunate as no matter how much they train if it's not the source of their error, it would still amount to a futile effort. Based on what I've noticed also, the problem being faced by most traders is how to manage their money and risks and have a stable psychology as they are patient with whatever they resolve to do. By this, I believe every trader would be able to minimize losses and still tangibly earn something reasonable consistently.
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macson
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November 09, 2023, 09:18:22 AM Last edit: November 09, 2023, 10:41:00 AM by macson |
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I dont know where to begin and i have tried looking for someone to talk to regarding this. its really silly questions. Im going to just put it out here. hopefully someone can give me some clarity.
1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter.
i'm here just giving a little opinion about leverage trading that i know, if we talk about profit then trading using leverage can give you quick profits, even more than 1%, it's just that the risk of you losing your money quickly is also big, so i'm here gives a percentage of profit and loss in leverage trading that is 50:50. You have to be careful and careful when entering the market, don't forget to always use risk management, well risk management is a very important thing that all traders, both beginners and seniors must have. 2. In a normal trade when you buy a certain coin means there is someone else selling on the opposite end. does this rule apply the same for Futures ? Say im going to put in $1000 Long on coin X . does that mean it will only fill if there is someone Shorting the same coin at the same leverage at the same value of $1000?
This is a wrong understanding, if you go to a big exchange like Binance, they have liquidity in their assets and apart from liquidity, exchange have lots of traders who trade there then when you put $1000 (buy or sell) then the liquidity and also the money combination of the trader others will be processed to fulfill your request, even if you trade on DEX.
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Litzki1990
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November 09, 2023, 10:36:07 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
It is difficult for a trader to say exactly how much his daily income is. Most of the traders may not calculate how much their daily income is, but if a certain trader is asked, then if that trader tries to calculate his daily income, it may still be wrong. Because every day is not the same income, every day will not only profit but will lose money by trading. Instead of focusing on how much money we made trading each day, we should focus on how much we can earn each day. We have to think about trading in such a way that losses can be avoided while trading. One day loss and one day profit if we trade like this but we will never understand the profit of trading. Even if the income is relatively low, the amount of income must be continued only then we can reach an accurate figure at the end of the month.
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HONDACD125
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November 09, 2023, 08:29:54 PM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
I think every trader should keep track of profit and loss in trading and almost all traders keep track of this.The main reason for this is that if you don't keep track of your profits, or estimate your losses, how will you know your trading success rate?A decrease or increase in the amount of capital held by him tells him whether he is making a loss or making a profit. So I think every trader should look at his profits after a certain period of time, and he should monitor the trades taken, because our goal is to make a profit. You’re right about trading where we make profits and losses, but that doesn’t mean we shouldn’t count our profits and losses. In any business, profit and loss is always calculated after each business is bought and sold.
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mirakal
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November 09, 2023, 11:42:21 PM |
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(....) 1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter. (....)
It is possible but just expect there are some days that are not good, so be careful, expect the unexpected. 1% profit in a day or hours is already good because if you sum it up and make it consistent you can be a profitable trade by just that. So just focus and be consistent, proper risk management because expect that you will have some losses on some days. Even more than 1% could be possible as long as you know how to win your trades, and you are smart enough to deal with the market volatility. But if you are just in the process of knowing how to trade, then do not expect even a single profit because majority of the beginners often lose than gain good profits. Trading is not easy and you might be more exposed to a lot of losses at first before you can make significant gains. That's the reason why only few have chose to continue trading, because they can't bear seeing themselves in frequent losses. However, if you already have sufficient experience in trading, then its more expected that you will be more capable to make decent profits than make consistent losses. Trading is dealt through knowledge, skills, and working strategies and the only thing you can achieve that is through frequent trading experience.
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shinratensei_
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November 10, 2023, 12:16:49 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
Truly as a trader you can't have a fix amount of profit daily this is based on the fact that each traded pair might have different exit, a trade can be close early before reaching it target possibly if a reversal is detected or trade not moving as planned all these factors would make it difficult to have a fix rate daily profit, market has no respect for anybody and there are days a trader would breakeven i.e loses equal profits earned that day therefore having a mindset set of earning a fix profits daily is quite difficult, it might be implemented in forex trading but difficult in crypto trading, I knew this is common with new traders thinking that such idea is very realistic until they started live trading before they realize how difficult implementing the idea. I would even to to some extent to say that anyone that saying they have fixed trading from cryptocurrency trading and consistently gettingt that profit everyday is a bit delusional, i've experienced being a trader for quite long time and its all about watching the current circumstance of the market, if the market is already so bullish that making entry is risky, i would avoid it altogether just wait until correction therefore skipping few days already even weeks, that alone already make consistent daily profit impossible. I don't know about how other people that claims having consistent daily profit could even score profit consistently when the market is so abstract, maybe they have good future premonition but honestly i think its just a lie for the purpose of overly inflating their own self worth, after all consistent daily profit, just simply impossible in my book, even for the smartest trader out there.
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milewilda
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November 10, 2023, 01:16:14 AM |
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(....) 1. Is it possible to make 1% on a trade within a short time frame as in a few hours or a day ? Would that also inturn mean that you would make 10% on futures with a 10x leverage? I would like to elaborate more on this i just simply dont know where to begin. It would be nice if i could have a conversation with someone who has experience on the matter. (....)
It is possible but just expect there are some days that are not good, so be careful, expect the unexpected. 1% profit in a day or hours is already good because if you sum it up and make it consistent you can be a profitable trade by just that. So just focus and be consistent, proper risk management because expect that you will have some losses on some days. Even more than 1% could be possible as long as you know how to win your trades, and you are smart enough to deal with the market volatility. But if you are just in the process of knowing how to trade, then do not expect even a single profit because majority of the beginners often lose than gain good profits. Trading is not easy and you might be more exposed to a lot of losses at first before you can make significant gains. That's the reason why only few have chose to continue trading, because they can't bear seeing themselves in frequent losses. However, if you already have sufficient experience in trading, then its more expected that you will be more capable to make decent profits than make consistent losses. Trading is dealt through knowledge, skills, and working strategies and the only thing you can achieve that is through frequent trading experience. 1% might not sound to be that much but this is something that would really be that so hard for you to be able to make yourself do sustain or maintain such % on which there's no way that you could really be able to make that on everyday but if you are that someone who could be able to make balance in between profit and losses and able to survive and sustain then i could say that you are really that to be considered to be a good trader on which not all would really be able to achieve or attain such skill on which it would really be just that not that not everyone do really survive or could really be able to obtain such skills. It would really be taking up some time for you to be able to make yourself that goes or reach out this kind of point or situation. Earning could really be determined on how well you are doing trading and other investment steps here on this space.If you do find your capital to be completely that gradually growing then it do simply shows that you are really that doing well. Just a reminder that you shouldnt really make things in a hurry because this would really be that resulting into such mistake and this is something that should be put up in mind that everything should be dealt up on a gradual basis and not really just in one go. If you do force up yourself then you are really that bound into committing tons of mistakes.
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KiaKia
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November 10, 2023, 09:14:03 AM |
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Stay away from futures trading, you should aim for that 1% gain from spot trading, it's easier and less risky, compare to stupid leverage that could ruin you fast, I learned a lot when I started trading futures, I even decided to copy some traders online and I still lose my money either ways.
One percent gain per trade is very easy in spot trading, go for the popular assets like BNB or ETH using spot trading, buy low and sell high, and sometimes you will make more than one percent in a single trade, trading is more satisfying for new traders if their target is very low.
This will expose you to more knowledge as time goes on about trading and you can slowly start trying more risky side of trading like leverage and futures.
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arwin100
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 09:44:13 AM |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
It is difficult for a trader to say exactly how much his daily income is. Most of the traders may not calculate how much their daily income is, but if a certain trader is asked, then if that trader tries to calculate his daily income, it may still be wrong. Because every day is not the same income, every day will not only profit but will lose money by trading. Instead of focusing on how much money we made trading each day, we should focus on how much we can earn each day. We have to think about trading in such a way that losses can be avoided while trading. One day loss and one day profit if we trade like this but we will never understand the profit of trading. Even if the income is relatively low, the amount of income must be continued only then we can reach an accurate figure at the end of the month. Exactly since not everyday we can gain the same result that's why its difficult to say the exact figure since we are not sure on what percentage or amount will come to our trading wallets. Also we are not sure if we can really earn since in trading not everyday we are happy with the result since there are instances that we lost on our trade due to some down movement of the market so with this any figures that we think enough for us to quit and try our luck on next trade is really fine. The one important thing we need to think is how we can avoid to lose or minimize our losses since if we focus to learn such thing for sure we became more good trader which can possible earn something on each trades we made. Thinking always for profit is not actually a bad think but we should consider some unwanted situations so that profit taking will be realistic to us.
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Awaklara
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 11:07:19 AM |
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Stay away from futures trading, you should aim for that 1% gain from spot trading, it's easier and less risky, compare to stupid leverage that could ruin you fast, I learned a lot when I started trading futures, I even decided to copy some traders online and I still lose my money either ways.
One percent gain per trade is very easy in spot trading, go for the popular assets like BNB or ETH using spot trading, buy low and sell high, and sometimes you will make more than one percent in a single trade, trading is more satisfying for new traders if their target is very low.
This will expose you to more knowledge as time goes on about trading and you can slowly start trying more risky side of trading like leverage and futures.
Traders prefer futures trading to generate daily profits because they can earn more from the leverage they use when opening trading positions. that's what they think instead of trading spot. The risk of increasing leverage in futures trading will also increase the risk of trading. If it doesn't match the predicted movement, everything will be gone in a short time. I am not prohibiting or saying that futures trading is detrimental. Those who understand future trading can make a profit. although not always, they still try for daily profits.
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