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/biz/ - Business & Finance

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6963621 No.6963621 [Reply] [Original]

If you're impatient and want to see progress. Is it profitable if you just set buy and sell orders aiming for a 5% gain per trade, counting the fees?..

>> No.6963670

>>6963621
SAGE

>> No.6963760

>>6963621
why did no one else think of this?

>> No.6963850

>>6963621
Only if you're sure you'll make the 5%.

>> No.6963882

>>6963621
5 SCOOPS

>> No.6963947

>>6963621
This guy deserved to die for not sponsoring Jason Genova

>> No.6964131

assuming you dont fuck up you need 15 trades to double your money

depends on your accuracity and trades/day

>> No.6964184

>>6963621
It was working well for me until I realized I lose 20% every 5 trade or so

>> No.6965029
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6965029

I've been aiming at 1% gains twice a day 20 days a month. They are pretty safe bets, and by the end of the month I get 40%+ in gains. I'm not making 100K a year, but it's been enough to replace wagecuckery.

>> No.6965827

>>6965029
You're making 40% gains a month and aren't making 100k a year? You would have only had to start with 2k to make over 100k in a year.

>> No.6965889

>>6965827
he probably isnt compounding it
I do 100% a month then take out the profits and start over with the original trade balance.. so its pretty much the same amount of money each month

>> No.6966413

>>6965889
Blatant LARP. If you were consistently making 100% gains a month you would be making millions, not taking out the profits. $1000 would be 4 mill in a year.

>> No.6966619

>>6966413
agreed. Does this actually work on binance?

>> No.6966675
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6966675

>>6963621
Maybe in a bull market it's a good tactic. Unless you have bots or are very good I can't see you consistently making successful 5% trades in this market.