What is a realistic profit margin for trading with a small account?
Asked 3 years ago
I don't have a lot of capital to invest at the moment, so this past month, after learning how to conduct my own trading analysis, I opened a futures contract. I want to keep reinvesting the profits I make from trading crypto to grow the account until I can skim the cream off the top. Today I worked out the percentage profit margin I got so far (less than 1%), and I must say I was sorely disappointed. I want to set a profit target for the end of the month, but judging by my previous disappointment, I'm not sure if I would be realistic enough. All pointers would be greatly appreciated. Thanks!
Philip Burns
Saturday, August 06, 2022
Seeing that you're a beginner in crypto trading, my honest recommendation would be to take it slow and aim for slow & steady profits. There really isn't a precise number you should look for, but you should primarily focus on learning how to capitalize on opportunities. The size of your account isn't necessarily a problem.
In fact, I believe that you should get a demo account and test the waters that way. If you can think of a solid strategy while trading with your demo account, chances are, you'll be able to profit from that the same strategy on your real account, even though it's much smaller.
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