How to consistently make $100 a day from spot trading - no noise, just a solid plan.
Do you want to turn your trades into daily income? Let us simplify the way:
1. Set a clear goal.
Aim for $100 daily. Break it down into manageable wins: 4 trades earning $25 each, or 2 earning $50.
2. Use appropriate capital.
Having $10,000 or more makes the journey smoother and less risky. If you are trading with less, focus on precise entries and strict risk management.
3. Trade coins that actually move.
Stick to pairs with high trading volume like Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), and BNB ($BNB). Avoid illiquid or slow-moving coins.
4. Choose a trading style that suits you.
Day trading: entering and exiting on the same day.
Scalping: quick trades to make $10-25.
Breakouts: enter when the price breaks key levels.
Swing trades: wait a day or two when the trend is in your favor.
5. Keep the chart simple.
Use the fundamentals:
Moving averages to spot trends.
Relative Strength Index (RSI) for overbought/oversold levels.
Bollinger Bands for breakout opportunities.
6. Manage risk like a pro.
Do not risk more than 1-2% on each trade. With $10,000, that would be a maximum of $100-200. Always use stop losses and take profits.
7. Stay updated on news.
News moves markets. Use tools like CoinMarketCal and follow reliable traders on Twitter to react early.
8. Don't put everything on one coin.
Type across multiple settings to increase the chances of success.
9. Track your progress.
Keep a trading journal - log your entries, exits, and mindset. Review weekly to adjust your strategy.
10. Make that $100 with discipline.
For example: $5000 × 2% = $100/day. Aim for 3 trades to profit around $33 each. Be consistent, and the accumulation will take care of itself.