1. Set Achievable Profit Targets
Aim for $100 per day by breaking it down—either 4 trades with $25 profit each or 2 trades with $50 each.
2. Starting Capital
Ideally, begin with $10,000 for lower-risk trading. With less capital, you’ll need to accept higher risk to reach your daily goal.
3. Choose the Right Cryptocurrencies
Focus on high-liquidity coins like Bitcoin (BTC) or Ethereum (ETH) that show strong price movements for easy entry and exit.
4. Trading Methods
Day Trading: Short trades held for minutes to a few hours.
Scalping: Multiple quick trades earning $10–$25 each.
Breakout Trading: Enter trades when price breaks major support or resistance.
Swing Trading: Hold positions for 1–2 days during strong trends.
5. Basic Technical Tools
Use simple indicators like:
Moving Averages to identify trends.
RSI (Relative Strength Index) to find overbought or oversold conditions.
Bollinger Bands to assess market volatility.
6. Risk Control
Only risk 1–2% of your capital per trade.
Example: With $10,000, that’s a $100–$200 risk limit.
Always use stop-losses and take-profit levels to protect gains and minimize losses.
7. Stay Informed
Monitor the latest crypto news and market updates.
Set alerts or use reliable news sources to stay ahead of major price movements.
8. Diversify Your Portfolio
Don’t trade just one coin—spread your trades across a few different assets to reduce risk.
9. Track Your Performance
Maintain a trade journal to evaluate your strategies and identify areas for improvement.
10. Daily Profit Example
If you have $5,000 and aim for a 2% return, that’s $100/day.
Plan for 3 trades with $33 profit each to hit your target
With consistent discipline, sound strategy, and strong risk management, you can work toward earning $100 daily through spot trading #BinanceAlphaAlert #BTCRebound #BinanceSquareFamily #Alex_king
