Quote from: DVlog on Today at 07:25:00 PM

Quote from: justdimin on Today at 06:04:45 PM

Quote from: Rupok on October 02, 2023, 12:40:28 PM

Trading really depends on experience. As trading is unpredictable it may not be possible to earn the amount you mentioned by trading daily. As there is profit loss in trading then you may face loss. But it may happen that you can earn more than the amount mentioned. There's really no way to say for sure.I personally like spot trading and sport trading can earn good amount of profit.But if the capital is more, the amount of profit is also more.

The more experience you gain, the bigger your capital should become. The logic is that if you are someone with a great trading experience then you should be making profit, and if you are making a profit that means you should be trading with more money, and if you trade with more money that means you should be making more profit. So that type of logic makes sure that someone with a lot of trading experience could end up making a lot of money, more than you can spend, because your capital will keep on growing.

Most wealthy people do not even spend money they have, they take a loan against the money they are using, which is even bigger return since that saves you from being taxed as well. So all in al, I would say it can be done, and it only requires you to constantly keep getting better.

I think we should be more careful about managing our funds for trading. Without proper money management no matter how great or experienced a trader you are there could be a big loss waiting for you. The market changes drastically in crypto so money management can protect your portfolio from every kind of risk. It can eliminate the risk of damage from emotional decision making as well.

Anything does involved on having in need of capital then of course you would really be always needing that management on which it would really be that relevant and crucial into this field and this is something that you should really be considerate on doing so or else then you would really be likely on ending up on getting those huge losses just because you dont set out those risks limits on which
it is really that something that needed to be considered specially on touching up this space or whatever investment or businesses or trading you are dealing of with. Basing up on stated on op
which is intending to make out 50 to 100 bucks per day? Yes its possible but depends on how good your are on your trades + the amount that you do make out such position.
Its understandable that on the time that you do set out lisk risk trades then you would really be needing that huge amount of money which needs only getting a small % of those
total amount on your position which might hit up those target of yours but the question is, do you have that kind of capital?