Post
Topic
Board Trading Discussion
Re: My day trading plan
by
pooya87
on 04/09/2017, 05:11:48 UTC
- 300 $ start money
- buying  and selling coins from top ten: btc, eth, ltc,mnr,...
- taking small profits: 1 or 2$
- daily goal is 5 to 10$
- 20 profitable days a month
- work myself up to 3000$
1-2$ profit on $300 means 0.33%-0.66% profit and you have to also consider the trading fees you pay. they are usually 0.2% per trade and can eat through your profit easily.

it is good to have plans like this though. specially with a small amount of profit but i would like to propose 2 changes:
1. choose other altcoins too, don't just stick to coins that are on top. specially find those that give good profit. like for example Komodo that was pumped yesterday.
2. choose a little bit higher profit %. something like 1 to 5 percent is better in my opinion.

Quote
Then (I'm not in a hurry), With those 3000$ I want to make between 1000 and 2000$ a month (daily profits between 50 and 100$, 20 good days a month).

Is this reasonable?
yes it is. if you keep it small and reasonable while taking small risks until you gain more experience and confidence to improve your results.