Is making 5% per day a realistic goal? How much do good crypto traders make?

Is making 5% per day a realistic goal? How much do good crypto traders make?

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>Is making 5% per day a realistic goal
no

>How much do good crypto traders make?
no

more like 2% user

Very realistic if you look within the top 250 you can quite easily hit 5-10% a day if you know what to look for.

5% a day is possible with shitcoin trading or using high leverage on blue chip cryptos. But then you get JUSTed for 50% out of nowhere and you're below where you started. Then you become an increasingly degenerate and desperate gambler, trying to make back your losses and making bad decisions until you are poor again

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No. There is plenty of research proving that traders under perform buy-and-hold over 95% of the time. Do fundamental research until you are absolutely sure about your investment, find a good entry, dollar cost average in, and hold.

Thats why you should always be trying to gain sats not $

But how do I grown my position if I don't have much money to put in? I'm a student poorfag and I can afford like $100 a month at best.

it's pointless even trying to make it by daytrading if $100 is all you have user. your best bet are low cap shitcoins that might or might not do 2x or even 5x

you can get just'd just as easily in sats as you can in fiat user

DOLLAR COST AVERAGE. Every month put $100 into bitcoin, regardless of price. You won't buy the bottom, but you also won't buy the top. If you are fundamentally bullish on bitcoin, this is what you should do. Also, everything accept bitcoin is a shitcoin

so much this
doesnt make any sense

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500% a day or BTFO

what if I am extremely bearish on bitcoin and bearish on crypto as a whole? how should I make money?

If you need to ask the question it's not even realistic for you to make any profit longterm. You'll lose your shit gambling. Brainlets stay away.

DOLLAR COST AVERAGE. Every month put $100 into shorting bitcoin, regardless of price. You won't sell the top, but you also won't sell the bottom. If you are fundamentally bearish on bitcoin, this is what you should do.

>falling for the sats meme
>muh satoshi
>muh global currency

This is one of the few things where "if you have to ask the answer is no" isn't a meme

Most people don't beat 8% a year consistently. Are you better at investing than most investors?

Its a good way to find out if god favors you or not

>protip: the fact youre here tells me he doesnt.

If you could make 5% every day, you could turn 1000 usd into 54 billion in 1 year user.

Not realistic at all. It takes a major bull run for that to happen (such as getting into crypto in early 2017 and riding the waves and selling the top). This won't be possible this year unless we enter another major bull run.

So what is realistic? A good trader can expect to make 1% per day. This is counting days where you may go down 1%, but up 2% the next day, and so on. Some days you might make as much as10% on your account, these are called week makers (they make up your week of daily 1% gains). I had such a day last week when LTC went to $184.

A starting bankroll of $10,000 would turn into about $100,000 in a year using the 1% rule. Even more if you got a big bull run like 2017. Times like now where the trend is more choppy and uncertain, the gains can be a bit harder to earn. Obviously the bigger your starting bankroll, the faster your results.

Keep in mind most people lose when trying to day trade. Only ten percent of traders perform better than the market. It takes a lot of research, discipline, bankroll management, and TA to give you a slight statistical edge. Of course you can yolo into a shitcoin, but I'm assuming you want something that's a bit more proven/safe that manages your risk.

Look up the kelly criterion for a good jumping off point, it's good training wheels for bankroll management in crypto (or trading in general).