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30396317 No.30396317 [Reply] [Original]

I want to make 10% profit/day day trading alts (say, top 50).
I want to just day trade 1-2 hours/day as that’s the most I can afford. And I want to do 10% as I assume that’s a steady/safe profit I can achieve 100% of the days in which I’ll dt.
I was thinking that the best thing I can do is to make market with 1% profit/trade. So in 10 trades I’d achieve my goal every day with a bunch of coins that are a bit more volatile.
Do you think this is feasible? Should I try another strategy? I’m already investing in some small cap coins that will probably moon in 1 year, but I also want to secure some gains each day by dting. Each 10 days one could at least double their money doing this.
Yesterday the thread got deleted for some reason.

>> No.30396395

>>30396317
>Each 10 days one could at least double their money doing this
why isnt everybody a millionaire yet then?

>> No.30396421

>>30396317
You are a fool. Can’t wait to take your money.

>> No.30396489

>>30396317
10% daily gains are not possible,put a little money in and see for yourself ,chances are you will lose it

>> No.30396687

>>30396317
Aim for 1% a day anon, that's an easier target. Keep in mind you won't hit your target every day, especially at the beginning.

t. starting out and not hitting my 1% target every day

>> No.30396860

>>30396489
I’ll try with $100
Now that I wrote this, 3-5% seems more possible.
>>30396421
It is just a thought for now

>> No.30397202

You buy something on a dip and it double dips never getting above your buy in price. How do you get your 10%?

>> No.30397246

>>30396687
Ahhh, I see.
1%/day doesn’t sound too bad. In how many hours of dt per day and what strategy?
Maybe with an automated strategy, one could reach 3-4%/24h. Which is very very good.

>> No.30397348

>>30396317
You missed your chance to do this back in November/December with BTC. Shit is way too volatile now.

>> No.30397420

>>30397246
You just went from 10% a day being easy to 3% being 'very good'. Are you 12 or just retarded?

>> No.30397516

>>30396317
Stock market has trading hours for people with 1-2 hours to day trade.
Alt coins are 24/7. While they follow btc mostly there are pumps here and there. You miss the window and it is gone. A dip out of no where? buying time. but only being 1-2 hours means you most likely missed it.

>> No.30397609

>>30397246
I'm going for scalps, I mostly look at the 1 minute chart and 3m/5m/8m/15m, I'm also a wagecuck so I only have like 3-4 hours a day.

Generally speaking in 1-2 hours I'm already around the 1% mark, either positive or negative. Once I'm at that point I generally walk away as I realize I'm either super excited or tilted.

I mostly trade highly volatile alts with big enough volume and draw meme lines on support and resistance areas and trade breakouts or pullbacks, with RSI, MACD and EMAs to help me get a vibe of the market.

>> No.30397715

>>30396317
Holy shit, I laughed hard here. You are waaaay out of your depth. If you consistently did 2%/day, 250 days/year starting with $100, in 6 years you would have 800 trillion dollars.
Tell us your name, so we can watch out for the richest man in history.

>> No.30397735
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30397735

>>30396317
>just 10% per day bro!
Lmao, you will total your account in no time

>> No.30397792

>>30397246
You are better off just hodling the money, your returns will be more or less the same even if you daytraded perfectly without using bots, not to mention tax issues if you are an Americuck

>> No.30397847

>>30396317
newfag detected
lower your expectations, reddit friend

>> No.30398412

I dont know anon. You cant really plan it out like this and the more expectations you set the more irrational you will be.
Personally I paid a (personally) heavy price by liquidating 1.1k dollars with high leverage. My first one resulted in an impressive (considering my capital) 300 dollars profit, then I lost it and kept on trying to make it come back with higher and higher leverages. Went to zero balance. I decided to be smarter next time, deposited 600 dollars. Lost 350 on leverage again (net 1.1k loss).
Meanwhile however practically all of my traditional trades have been very profitable so I've been trying to be much more cautious. I avoid leverage unless I'm thoroughly convinced by the charts that it will go my way (no 50-50). If i do use it, then under 20x, but more like under 10x.
So like this I went from 300 to 340, to 375, to 415 and now 500-530 in about 5 days. Im happy but you have to keep a cool head, dont FOMO, look at the 1-4 hour charts, tether up when needed, invest in the right coins.

>> No.30398537

>>30398412
also today with the 415 to 500s is blessed as BTC pumped over 50k and I long leveraged BNB, as it usually follows and TA magic fated it to pump as well.