Chasing massive daily gains is a trap, honestly. That's how you end up using stupid use and blowing your account. So let me ask something real: are you trading blind without any annual target at all? And if you hit a losing streak after a few weeks, do you still try to hit that yearly number by year end? Has anyone actually done it?
I aim for like 200 bucks a month, which sounds tiny to most people here lol.
But real talk, if we're talking yearly returns that's gotta be spot trading, not futures. Once I buy something on an exchange I move it cold wallet pretty quick. If it pumps 50-100% I'll pull my initial investment and then keep stacking. That's my move.
This is spot on. The fastest way to get rekt is setting daily or weekly targets. It doesn't just push you toward use, it makes you revenge trade when you're down trying to hit that number instead of actually thinking. Bad analysis, bad entries, repeat. I stopped doing that and it changed everything for me.
Bitcoin doesn't work on yearly cycles though. Look at the actual data BTC hits new ATHs every four years, not yearly. Same logic applies to altcoins. If you're thinking annually you're probably gonna get frustrated holding through a bear phase when you should be stacking. Think in four-year blocks instead.
My approach is simple: 10% of capital is my target, but it can be more. I buy alts that have cooled off, move them to a personal wallet, sometimes leave them on exchange to wait. Not sexy but it works for me and I sleep better at night knowing my stuff isn't on some platform.
Exactly. Lower annual targets = actual trading plan that doesn't blow up. Some shitcoins don't have proper wallets so you're stuck on exchange, but I just buy BTC instead and self-custody it. The big cap alts are fine too, but yeah, self-custody is the move.
Most exchanges have stop loss on spot now though, even trailing stops and stuff. Why not use them? Feels like leaving money on the table if you don't have proper risk management set up. Just saying.
Think he means something like ETH or SOL that's actually volatile. So if SOL crashed from 250 to 10 and you had stops, you'd get liquidated, then buy again, stops hit again... it's a grind. DCA is probably smarter for him because if you hold those years they bounce back hard. SOL proved that.
Nah, I don't do targets. How am I supposed to predict what the year will give me? If I'm down a few weeks I'm focused on recovery, not chasing some number. Does anyone actually set yearly targets and stick to them? Feels unrealistic when you can't control what happens in the markets.
I tried targets before and it just made me emotional, felt like gambling. Now I focus on risk-reward ratio and position sizing instead. That's the real skill. Chasing a number made me make stupid decisions I regret. Better to play the odds than the goal.
Wait, you're calculating profit in coins? I track everything in stablecoins, USDT or USDC. That's actual money. You can't eat coins. I sell to book profits in stables and increase my dollar amount, not the coin count. Unless you mean you're trying to accumulate more BTC which... yeah, you just keep buying more.
I set targets before each trade, know exactly where I expect the market to go and how many coins I'll get. Daily targets of 10-20% but not annual ones. Market does what it does, I'm just along for the ride.
You can tell good traders from bad ones by how they handle losses. Take two traders with same capital: one does tons of futures and spot trades in a year but ends down 10%, the other does few spot holds and only loses 5%. Second guy is the real trader because he limits damage.
People make money daily or monthly but it depends how they're structured. Futures is risky as hell, especially with use. Beginners should stick to spot until they know what they're doing. That's just common sense.
My target is 20-30% growth but honestly 10-15% is fine too. Compound that over time and it adds up. Treat it like a fund or staking, not like you need to hit it every year. Some years you're up, some you're down. That's just how it works.
I set profit targets like 5-10% on coins depending on the moment. If something drops hard I might push it to 10% to make up the loss. Short term trading means you gotta cut losses if you're not gonna hold long term. A lot of people don't get that.
30% annually is realistic for crypto, way more than stocks. If you're not hitting at least 30% you're basically losing when you factor in risk. You can get 15% just keeping money in a bank account, so why risk trading for less?
Any serious business has a plan, and trading is no different. Goals for the week, month, year matter. You won't always hit them but you need them. Successful traders failed tons before they figured it out. That's just part of the game.
Big daily gains usually mean too much risk, which means losses. Real traders want steady growth, not lottery tickets. Yearly targets are good but gotta be flexible because markets aren't robots. Manage risk and stay consistent, that's what actually works.
No serious trader wings it. You need percentage targets for the week, month, year and you track them. That's how you know if you're actually improving or just getting lucky. And yeah, high use is how you go broke, so don't.