A well planned patient trading can be profitable

[Gozie51]

Again, some trade order may be highly profitable above the suppose daily target which is used to support your losses or days that you didn't profit up to the daily target.

Yes I already said it there.

A trader can support his bad trading day with what he made extra on another trading day. So the point is not to be determined to always hit a daily target because if the mindset is built that way, the trader will only be forcing himself into the market at even times that he is not suppose to be there because his eyes is on set target. He will end up losing and starts to chase the loses, that will change his trading strategy, more loses is what will become his experience.

You did not understand me. You can go through what you posted that I quoted if you want to understand me. You posted that aiming for profit daily is risky, that is what I quoted, that I am referring to average profit. Example is total monthly profit divided by 30 or total annual profit divided by 365 days.

It is alright buddy, I believe we are saying same thing. But my view is that the target of daily percentage in profit may not be realistic because of down time. In trading, there is always such days that you don't make profit and you have rightly analysed it by either monthly or annually on average. That is cool. But what I have said is to depend solely that one must make a certain amount of profit daily might be an unrealistic target.

[Inwestour]

It is alright buddy, I believe we are saying same thing. But my view is that the target of daily percentage in profit may not be realistic because of down time. In trading, there is always such days that you don't make profit and you have rightly analysed it by either monthly or annually on average. That is cool. But what I have said is to depend solely that one must make a certain amount of profit daily might be an unrealistic target.

I think you can calculate your monthly profit later by taking the results for six months, or at least half a year, and dividing them by six. That way, you can get a more or less accurate average result, but if you want to evaluate your results after each month, I think the results will vary too much, so keeping track of them this way isn’t entirely accurate. Although everyone does it in whatever way works best for them. Maybe there are traders who are able to trade profitably every month.

[TheUltraElite]

2x return monthly? See possibility is always there but realistically speaking, the chances are low.

Of course one might end up buying some random asset and it rises such that the trader sells it to realize a 2x profit. But at what cost?

The market does not determine who is going to make money today or in 30days. It is not like a mill churning out flour every day. It is a speculative market and one needs to the seize the correct time and price at both buying and selling.

[danherbias07]

If we have an amount set to make a profit per day, I think it could go wrong. Imagine if you are losing and trying to force a profit just to meet your quota. That can become a real problem, and it could waste a lot of time for the trader.

I think there should be a bracket on the daily or weekly profit, and it should not be set at an amount that is nearly impossible to make. Slow and steady is good, but being satisfied with what you have for the day can also be a good strategy. I can remember being almost unable to sleep because I used the strategy of taking profits daily, which is very stressful. That's when I realized trading is not a joke and it should carefully be planned.

[henmark]

He could be right but he needs to know the way and understand how to achieve it. No matter how much profit he want, he must have skills because that will determine you can make a profit or not. Without skills, he will difficult to profit and he might loses.

We can have a certain target we want but we should be realistic seeing how big the chance to profit so we don't feels hard. I prefer to take any profit I can instead waiting for days to take the profit even if the profit is bigger. I want to turn out the money so I can increases it through trading so taking any profit will be good for me and more realistic.

Before even setting that target, we need to have a strategy. Once we have the strategy, we can make informed decisions and calculate real world target. Target should be something realistic and not just because we want to double the money. Initial target should never be doubling your money. I can think about 10% per month if trading with proper risk management and well tested strategies. 10% profit per month is good if compared to other sources.

Planning is what will take most of the time and one can only generate profit if they can afford to spend this time. Trading is not meant for hasty profits. We are only going to lose if we expect quick profits.

[Donk1]

​I don't know for everyone but I like to bring up the fact that the market doesn't really care if you have $100 or $100,000 if your analysis ended up being wrong, or you entered the market too soon or too late. Maybe perhaps waiting for an impulse and you enter with a buy only for the market to make a little consolidation and then retest before it sells. And let's say this happens about 5x or even more in a month do you really think you can amount to your estimate in a month? So yeah it's not about patience, it's about the market. You might have all the patience in the world and still end up with losses. That said if someone was to tell you that they can double your $100 into $200 every single month you will almost certainly think it's too good to be true .That's my point doubling $100 to $200. $3 a day might feel small because yeah it's just $3, but when it comes to trading, making 90% to 100% every month requires taking big risks. That’s why most times one bad trade can just end up wiping a traders account...well that's all...

[Yorubek]

I don't even know if I can profit daily, I don't have fixed target, do people really have fixed target for the month? if I'm profitable then I'm profitable, no daily target because I can't be sure I always make profit and trying to achieve target will make me trade in haste which isn't good for me.
I trade and I reconcile the result by the end of the month and see how much I gained from my capital for the entire month and take it, no target.

I have seen a trader before that have a daily target but it is a very small amount of money to what he has. This guy is earning at least $50 daily but having more than $10000 in his trading account. There was a time that I wanted to try $1000 to be earning $5 daily, but as little as it was to me, I lost money so much to the point that I quit trading. Daily target is very dangerous but you can have annual target. Anyone that is trading and do not make money, the person should stop. Trading is very risky.

Trading with the hope of making a certain amount of money daily is very risky, making money depends entirely on the market and the market will not always be in a profitable place, the market is constantly changing. Trading is truly a very risky business because one wrong move of yours will put you in loss, so always be careful and understand the volatility of the market and control your emotions which will be able to reduce your loss. Therefore, it is reasonable to prevent people from deciding to trade with the hope of making a certain amount of money daily.

[hafiztalha]

Trading is risky and no matter how you try to reduce the risk associated with it, it is even becoming even more scarier. As for the case of this your friend, what you need to understand is that having a daily target could really spoil everything and you may still need to consider losses that comes while trading. One thing we should understand is that you can’t be winning everyday, you will definitely face losses which you can’t escape as a trader. The daily target for a deposit of $100 is relatively looking small in my own opinion, so having same target may not still be bad but an overall monthly target should be what is targeted more than targeting daily. It gives you the liberty to also manage your well while also having an overall monthly target advantage in the long term.

It's true that losses are unavoidable and are a part of trading. I don't think the question is whether our daily target is big or small. The real thing is treating that target as must achievable goal. This leads the trader to take unnecessary trades. And the same goes for the monthly target, if he is too focused on reaching the fixed number. If the market is not looking good and forcing trades to meet the target will make it worse. Unnecessary losses. In general, targets are good, but they shouldn't control the decisions making of every trade. The main point should be on having a good strategy, good risk management and waiting for a perfect time to trade, rather than buying because we want to meet our target.

[Issa56]

Someone and I were discussing about trading, he told me what some other traders have told me before. I told him it is the reason he is losing while trading. He wants to double his money within a month. Is this possible? Yes, but the probability of losing is very high.

Most traders now are just always after money, most of them are just looking for ways to multiply their money, and they believe that they can easily achieve that through trading, but if you are desperate to make money from trading, you might just end up losing everything which you are trading with. When trading, you have to be patient, take your time to figure things out, and you shouldn’t even think you will be able to multiply your money within a short period of time.

You have $100 to trade but you want to earn $3 from it every day to make it $100 monthly. That looks small, but when you begin to trade, you will understand that it is not easy to achieve that. Are you achieving it?

Trading is not that easy the way people think. You might be trading with $100, and you going to find it difficult to make $1 daily, some people will say it’s a small amount of money, and they can achieve that, but immediately you start trading, things will just turn against you, and you might even be losing the $100 which you started trading with.

[boyptc]

Trading is not meant for hasty profits. We are only going to lose if we expect quick profits.

Actually it is.

That's why there's the futures and that's what they mostly like to do because the money there is quick. But at the same time, money losing there is quicker.

So they are free to choose either to go with spot or futures and whichever is the choice to make for themselves, they have to plan everything well.

Only holders don't expect to profit in the short term.

[Dareo]

That said if someone was to tell you that they can double your $100 into $200 every single month you will almost certainly think it's too good to be true .That's my point doubling $100 to $200. $3 a day might feel small because yeah it's just $3, but when it comes to trading, making 90% to 100% every month requires taking big risks. That’s why most times one bad trade can just end up wiping a traders account...well that's all...

Exactly the market doesn't care about how much money is there in the pocket, and making an wrong entry means you will surely be losing everything. New traders enter the market thinking that making a profit of only $3 per day using $100 does not matter. However, they do not understand that after one month, the profits become equivalent to a hundred percent return. It is only through taking high leverage or high risk that you can make this huge target. At the very same time, any movement in the market can result in losses of the entire account.

[LogitechMouse]

Don't we think a daily target is risky and that is why many traders are losing.

It does not mean you should target profit daily, that may be very hard to do. You will do the average of it. There are some days that you may not want to trade also. The average will be used to calculate the daily profit.

I think I answered this on the other forum already, so I'll just share my experience with regards to the bolded text because there was a point where I think that way.

I still remember back then where I already set a daily profit with my $100. If I remember correctly, that was around  $3-5$, and I know that it's too high considering that it's daily, but we know how much money we can make with leverage, right? Well there are some days where I achieve it, but there are times where I'm ending the day with a loss, and since I want to achieve that daily goal, there were times where I'm overtrading and I'm ending up with more losses. This was a lesson for me, and I adjusted some of my rules.

Now instead of daily target profit, I already made it a weekly one, and I made it in a way that it's achievable at least, and I don't care anymore if I don't reach that weekly target profit. We know that in trading, profits isn't consistent, so it would be better if you will have just a low target weekly or even monthly profit. That'll compound in the long run anyway.

[The Cryptovator]

You have $100 to trade but you want to earn $3 from it every day to make it $100 monthly. That looks small, but when you begin to trade, you will understand that it is not easy to achieve that. Are you achieving it?

I prefer 5x annually. That means from $100, you need to make a profit or $1.1 daily. But I also like 2x which is $0.55 profit daily. Which means patience and using low amount of money to trade.

Do you think he is right but not just understand how to make 2x return monthly?

Probably you are both wrong. How do you believe you can make profits every day? This isn’t a Ponzi scheme or investment scheme from which you may earn on a daily basis. There is no fixed income system; you have to trade or hold if you have earned money from the crypto.

The price would fall anytime; you have to trade based on your own strategy. Not by daily target, the target you have to make based on the market conditions. If Bitcoin pumps today and makes money, then it will dump tomorrow. However, each of us may have different strategies; for me, I like holding rather than day trading. At least mid-term trading.

[ObeyKnock]

This isn't a Ponzi scheme or investment scheme from which you may earn on a daily basis. There is no fixed income system; you have to trade or hold if you have earned money from the crypto.

What this goal assumes is a false premise of predictability in the market. The proposed daily return goal is 1.1%.

In what has been the “quiet”est year in BTC’s history (2025), it’s daily volatility was on average 2.24%, which is more than double of this goal. Just two weeks ago BTC saw a ~5% single day decrease on the convergence of the Clarity Act rejection and Fed decision.

Trying to hit a consistent daily target that’s lower than the asset’s daily volatility is pure luck of the draw. It’s a crapshoot hoping the volatility happens to be in your favour that particular day.

[Oshosondy]

You have $100 to trade but you want to earn $3 from it every day to make it $100 monthly. That looks small, but when you begin to trade, you will understand that it is not easy to achieve that. Are you achieving it?

I prefer 5x annually. That means from $100, you need to make a profit or $1.1 daily. But I also like 2x which is $0.55 profit daily. Which means patience and using low amount of money to trade.

Do you think he is right but not just understand how to make 2x return monthly?

Probably you are both wrong. How do you believe you can make profits every day? This isn’t a Ponzi scheme or investment scheme from which you may earn on a daily basis. There is no fixed income system; you have to trade or hold if you have earned money from the crypto.

Some of you did not get me right. This is part of my post:

The daily profit that I mean is totally monthly profit divided by 30 or total annual profit divided by 365.

It is not about making profit daily, it is about monthly or annual profit. I also stated that it is the average of 30 days for monthly profit and average of 365 days for annual profit.

It is not about making money from trading daily.

[#CapsLOck]

I believe that important number is not the profit target, it is the risk to get the profit. A trader can earn 2% in a day, but if he/she had to risk 5–10% of the account it would not be sustainable. I prefer to evaluate a strategy based on its risk to reward ratio, drawdown and performance for a significant amount of trades. If you trade a few short profitable trades, you can mislead yourself into thinking that this strategy has an edge, but, if you trade a large sample, then you get a better idea of whether this strategy has an edge or not. Capital protection is important so one has the time to be patient.

[As-Soon-As]

Do you think he is right but not just understand how to make 2x return monthly?

The daily profit that I mean is totally monthly profit divided by 30 or total annual profit divided by 365.

See, trading is very difficult, if the market research is not correct, then you have to face losses, it is not that you can always make profits. So you can do this type of trading by keeping a small amount of money as a benefit, many traders will rush to earn dividends every day, as a result, all those traders can quickly risk their capital. So, if you want to trade, you must avoid excessive greed, and you must take trading with timely and good market research.
Taking trading at the wrong time can lead to danger, so you should correct your mistake quickly and enter trading correctly. Then on average, you can keep the amount of dividends correct every day.

[M47AK16]

It is alright buddy, I believe we are saying same thing. But my view is that the target of daily percentage in profit may not be realistic because of down time. In trading, there is always such days that you don't make profit and you have rightly analysed it by either monthly or annually on average. That is cool. But what I have said is to depend solely that one must make a certain amount of profit daily might be an unrealistic target.

I think you can calculate your monthly profit later by taking the results for six months, or at least half a year, and dividing them by six. That way, you can get a more or less accurate average result, but if you want to evaluate your results after each month, I think the results will vary too much, so keeping track of them this way isn’t entirely accurate. Although everyone does it in whatever way works best for them. Maybe there are traders who are able to trade profitably every month.

Booking profits monthly is understandable. Seasoned traders are able to close 20+ trades within a month and it is kind of easy to evaluate profits from these 20 trades. Yes, as you said, everyone has different way that works best for them so we can't really expect them to follow our ways. If OP's friend wants to book profits daily, they can do it as long as they are able to book profits every single day without ending up in loss. A single loss is going to take us 2 steps back and might just make it more challenging to achieve the monthly target.

6 months is a bit long for me but I would calculate profit and loss every quarter which makes it easy for me to show profit/loss on books. My profit withdrawals would be quarterly and most of the times, I prefer reinvesting profits as well to gain compounding benefits.

[Asiska02]

Do you think he is right but not just understand how to make 2x return monthly?

If 2x return was something that is easy to get, many traders would have adopt that strategy and many of them will by now already profitable in trading. Flipping your deposited money into two is not an easy thing unless you’re gambling and not trading which also is very risky move and hard to achieve.

Investors wait for almost a complete cycle to have their investments doubled which still depends on the price they got to enter the market with. Trading is very difficult but with proper risk management, one can get to grow their account gradually and not aiming for unrealistic target that in fact can’t be achieved through normal day trading.

[Wiwo]

Do you think he is right but not just understand how to make 2x return monthly?

If 2x return was something that is easy to get, many traders would have adopt that strategy and many of them will by now already profitable in trading. Flipping your deposited money into two is not an easy thing unless you’re gambling and not trading which also is very risky move and hard to achieve.

Investors wait for almost a complete cycle to have their investments doubled which still depends on the price they got to enter the market with. Trading is very difficult but with proper risk management, one can get to grow their account gradually and not aiming for unrealistic target that in fact can’t be achieved through normal day trading.

In the cryptocurrency market nothing is certain, but sometimes acting based on clear strategy can bring you into profits or not accumulating loses at all, so for that we must acknowledge that both long term investors and day trader's face's the same risk of volatility, which can occur at any time.

Even waiting a full cycle does not guarantee investors 2x profits; anything can happen, as far as Bitcoin's price is concerned.