I just realized that if you start with just $1000, and you manage to increase your stack by 2% every day (cumulatively) for a year, by the end of the year you'll have $1,377,408.29
I want to learn trading, and I'm mostly looking at crypto. What's the best strategy to achieve this? How difficult is it to make a 2% profit per day on average for 1 year straight? Is it even possible?
fuck off troll, you're not this stupid, right?
wow, congrats on having a handle on 7th grade math
>just increase your stack by 2% daily
wow its so easy!
yea i just use a bot for that, started in 2008 and now i have 47 billion
I think it can be done, but it will require a lot of effort and discipline on your part.
These guys are just upset because they're bagholders. You're absolutely right, op. All you have to do is buy on days that go up and short on days that go down.
>you only need to 2x your investment 20 times in a row to turn 1$ into 1,048,576$
That is pretty much just as likely as your case.
you literally described a ponzi scheme return
Bitconnect was offering 1% interest daily
Congrats user. You have cracked the code for entering into the whale club. Remember us when you're filthy rich
yeah, im sorry, he's right you know. It's that easy, just read some stuff on the internet and you only have to make 1 or 2 % every day to make it. One year of hard work, but it pays off.
Maybe I am
I'm not expecting it to be easy, I'm only curious how would a skilled trader go about it, what kind of knowledge it would take
Like, what's the average daily profit for an experienced day trader?
spare any change?
Depends on the account size but a professional trader could take away thousands of dollars on an average day.
about 6% a day. It's very simple if you aren't dumb. I don't bag hold. I trade, and I trade really well. I've been approached by investment banks, really.
Based
My bots are tweaked up to 3%. I own a few solar systems now
you could use 50x leverage that way you only gotta increase it by 0.04% a day, easyy.
>6%
Doesn't seem like a sustainable rate 2bh but ok
Can you recommend any books on the subject?
>i make 6% per day
nice, just became a quadrillionaire in a year
by my 7th grade calculations you are a meanie 2bh
any got rich from bitcoin liza yet?
Why only increase the stack by 2%? Trade a bit more and you can make 5% a day, so you will get to your million dollars much quicker.If you're advanced then just aim for 10% a day, you'll reach your goal even faster. Don't attempt 20% a day for long though, that's impossible to achieve.
That return you've calculated is if you played your entire stack everyone.
Even on high volume exchanges scalpers normally only use a 10k stack.
I feel like I'm being mocked but I'm not 100% sure
traders dont think in daily profit
you dont need knowledge you need experience and find opportunities and know about market relations. You need a cheap broker and mange your taxes well or else you will lose in the long run. You dont aim for "being right", you aim for making money, meaning that even if you have a 40%win to 60% lose ratio you should still be making cash. And you must like to watch your money burn and be okay with it. (its not)
I'm just fucking with you m8, 5-10%/month (on average) is probably much more realistic in crypto if you're just day/swing trading on bitmex or binance or something. And that's if you're very good and have strong quantitative skills or some other form of edge. And this has a HUGE amount of risk as well, biggest one is the currency (BTC) moving against you and evaporating any gains and another one is counterparty.
You're going to have variance, it's just part of the game.
Oh boy. Here we go. 6% profit? Bullshit. You get taxed on every trade. Every. Single. Trade. And since you "don't bag hold", you're paying even more in taxes.
So, smart guy, after you calculate all your taxes and withdrawal fees, you're not making 6% every day.
Even if you were making 1% daily, one "bad" day will completely ruin your whole month.
Day trading just isn't profitable anymore.
And I can't say if you're trolling or not so I'll drop some hints. Yes, your math is right with 2% a day you'll get to whatever gains you calculated. But the premise of being able to consistently achieve 2% a day is already flawed, a streak of those days for over a year is way too unlikely to ever make that happen.
If someone had a strategy to make that work he'd be the richest person on earth pretty soon. And if you look at the return rate of the biggest and most successful index funds, trading companies or whatever there is you will see that 2% a day isn't even a wet dream to them because it is so undoable.
In fatmerica maybe cuck
>paying taxes
lmao
Also, as mentioned, you don't want to be using your whole stack especially on these volatile shitcoins. Whenever you wager over ~10% of your stack (this depends on the win ratio of your strategy), your risk of ruin goes up DRASTICALLY. So it's much better to risk only 1%-5% of your stack on a trade.
So, considering this and current volatility, I don't think you'll be making 100% ROE on 1% of stack risked a day. And the more highly leveraged you are to make this 100% ROE with flatlining volatility, the more likely you lose that 1% instead.
This is called inflation. Since the 1700s a french jewish family did this and hijacked the world. If there is 500+ trillion in world monetary supply(usd) where the fuck is it all? Congrats OP, only 300 years behind the early starters :)
someone's gain is another man's loss.
what makes you think you will be on the gaining side?
what a fucking loser mentality you have man.
>2% profit per day
The fucking brainlets on this board.
Might as well play the lottery.
you could trade on abcc.commwhere you get for 0.1% trading fee AT coins which generate passive income or you can sell. compared to binance or other exchanges where you will lose on trading fees. then try to buy low sell high and aim for 2% daily.
>paying taxes
>on every trade
imagine being this cucked
that's called the pareto principle
most people lose their stack and get REKT even after studying TA and doing (biased) FA
What makes anyone here think they're so special?
Ah the bitconnect way.
There is a reason people call them meme lines. If it wasn't so controlled and manipulated it would be more possible.