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2231964 No.2231964 [Reply] [Original]

>if my strategy is, increase my value by 1% at the end of the day on average, with daily trading, every single day, then I can x37 my original value 1 year later
is this a legit strategy?

>> No.2231999

What happens if you fuck up one day?

>> No.2232006

>>2231964
No. Because that could just as well swing the other direction with -1% a day, due to the volatility of the market. If you strive for 5% and watch the market carefully for signs of a dump, you can jump out of a coin before you make a loss. That said, don't jump into a coin that has had a huge increase already, you are probably buying at the ATH. Look at the coin's ATH in his existence, figure out if it can surpass that, wether it has any right to surpass that and decide if it is worth it.

>> No.2232032

>>2231964
yes it's called compound interest

>> No.2232049
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2232049

>>2231999
He does his pic

>> No.2232052

>>2231964
What happens if one day your down 1% and the next day your down 2% and the next day you break even and the next day your up 1% but the next day you lose 2%? Then what?

>> No.2232234

>>2232052
You are shit at trading

>> No.2232264

>>2231964
1% a day by trading is VERY little considering huge risks you take

Might as well just quit crypto and do something else that would be more reliable

With crypto, you have to aim higher than 1%

>> No.2232338

>>2232264
3700% gain yearly is very little?

>> No.2232351

>>2232338
In a market where coins are doing 1000%+ anywhere from one month to one week to even one day, yes it is very little.

>> No.2232355
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2232355

>>2232264
>1% a day by trading is VERY little

>tfw newcoiners make 20% on their first day and claim it's super easy.
>just repeat every day :^)
>796443200000000000000000000% p.a.

>> No.2232434

>>2232351
so turning $5,000 into $185,000 in only 12 months is considered little gain?

>> No.2232597
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2232597

>>2232434
It's more a question of volatility than % which is what we're all trying to tell you. You can aim for 1%/day but a strategy like that almost guarantees you'll miss a few moon missions where a coin shoots up 1000%+
At the same time, most days in crypto see 20%+ swings with any one asset so you could very well not make your 1% profit. In the end, a bad/emotional trader can end up stacking multiple losses or sitting on paper losses while missing or catching only 1% of moonmissions. It's a recipe for disaster. That said, if you're a turbo autist who sees stock charts like the matrix, it could work for you.

>> No.2233461

>>2232434
It's only because you see the crypto market like this that you can even talk like that. Trading relies on volatility, but that volatility works against you as well. All the best traders I've read about study and learn for years and they can't pull off something like that consistently. That's goldman sachs level or pure luck, and if you're posting here it's going to be luck and not goldman sachs skill level trading.