Quote from: benalexis12 on June 22, 2024, 03:24:22 PM

Quote from: Cryptmuster on June 22, 2024, 08:12:33 AM

Quote from: d3nz on June 22, 2024, 06:07:13 AM

Actually, having a trading knowledge is cool but it really depends on the skills and experience. That's why it's really hard just to rely on your trading knowledge but if you don't have the experience then you will just lose your money.

And traders will be profitable if they are earning $100+ a day if they are doing future trading, and on spot trader it would be $500 - 1000 a month

It is very difficult to calculate the trader’s profit for the period, if this is medium -term trade, then you should forget about such concepts as earnings in a month. Long -term or medium -term transactions can last months, and you have no guarantees that they will be profitable. Only after the closing of transactions, you can calculate the profit, and if you want to divide it by the number of months, to understand what average profit you received in a month. In trading, making money is not easy, and this requires a lot of practice and experience.

It's really hard to make a profit in times like this where the market doesn't move much, especially if you're spot-based. Although if you base your profit on futures trading, the price of bitcoin is not that volatile. But you should always have an understanding of futures trading.

And if you ever do the futures trade, don't ever try to trade in other crypto's; instead, just focus on BTCUSDT so that you are at least safe, but on the spot instead of trading, hold and DCA, that's my advice.

On a consolidating market on which you dont really know on where prices could potentially go then this is something which is really that hard to make out some position whether it would really be a long or short position
due to the market on which it is thato n unsure state. This is why some people would really be waiting until to make up some wick on a certain candle whether going up or down and would really be taking it as a signal for them to make that entry. Handling yourself into this unpredictable space isnt something that easy or something that you would really be able to make yourself that having some assurance about making profits.

This is why outcome and results would really be that determining on how well you are on making up your positions and decisions. Also, luck factor would really be that also significant on this regard.
You cant really be just that totally relying with luck on which of course it would be basing up on the TA+FA that you've been using. It is really just that to hard for you to have those considerations
on assuming that it would really be that 100% precise.