I make the claim that everyone who says that they can make 1% return a day is a liar, does not understand basic math, or confuses one time successful speculation with repeatable, long term trading.
1% return compounded PER DAY, means an annual return of 3700%! Even if no compounding is used, the annual return is still 370%.
Star traders can perhaps achieve a 20% annual return in regular markets (stocks, commodities, less in FX). Given the market imperfection in crypto currencies increases this number somewhat, but the lack of risk management products biases the risk / return profile.
Only with speculation is it possible to achieve 370% or 3700% annual returns, but not on a repeatable basis. And speculation is NOT what successful traders do. Furthermore, 1% return per day, every single day without fail, is IMPOSSIBLE to achieve.
Anyone who claims otherwise should do a backtesting on several different periods. And anyone who does not just claim to achieve such a return, but truly manages to do so, would not post here anyway, but enjoy his wealth on his yacht or his personal tropical island.
Yes, correct.
1% isnt possible every day. A one time successful speculation in a unstable crypto market might lead to somewhat of a high income, but an annual return of 3700% or 370%, just by trading like that, and earning 1% every day for all time without fail isnt possible.
You cannot aim for an absolute percent increase just like that, you need to depend on your skills, and your capital is a very big factor when you consider %, because 1% of a less capital might be easily achievable, but 1% of a large capital without fail is definitely not possible to earn.