Quote from: Woodie on Today at 08:47:59 PM

Quote from: Heyui67 on April 28, 2024, 01:52:58 AM

I have good knowledge with crypto future
I get signals from groups on telegram

But i got idea to make profit daily

I choose some coins potential raise and open long positions on them and hold

For day until i get profit.. Is this good idea or let me know if there better idea

Funny thing about trading is that people use all kinds of strategies, even the so called obsolete ones such as RSI trading, Bollinger bands, support and resistance etc all work for someone that has mastered them..so if you have a winning formula that brings you daily profit then don't change it!!! Like the saying goes, "of it ain't broke don't fix it!"

But personally I wouldn't be going for the daily profit targets because this puts so much pressure on your psychological such that should you have a losing trade this now turns to revenge trading then your risk management rules are thrown out of the window before you know it you lose more than you planned for.. so daily targets are a no for me...slow and steady wins the race!!!

All strategy work, but refinement of such is what puts you in a very profitable position. I don't doubt you calling those strategy obsolete though as far as you get paid it yours not mine.
But the question is for how long are we going to move from one strategy to another?

In a simple word, OP need to study.

Daily targets or not, ensure you're getting paid, and make every move to advance in this journey.