How to make $100 daily from spot trading with a clear and uncomplicated plan?
Do you aspire to turn trading skill into a steady income? Here’s a practical approach without exaggeration or empty promises:
1. Set a specific and achievable goal
Keep a clear number in mind: $100 daily. Break it down into small trades – for example, 2 trades of $50 or 4 trades of $25. A clear goal makes the difference.
2. The right capital is key
Having $10,000 or more gives you a higher safety margin. Trading with a smaller amount? No problem, just stick to precision and discipline in every trade.
3. Don’t waste your time with dead currencies
Focus on currencies with high movement and liquidity like $BTC $XRP and $BNB . Quiet currencies may waste your time.
4. Choose a strategy that fits your personality
Day trading: Quick movements within the same day.
Scalping: Small, recurring profits.
Breakouts: Focus on moments of breaking resistance/support.
Swing: Profit from larger movements over two days or more.
5. Don’t clutter the chart with tools
Use simple and effective tools:
Moving averages to determine the trend
RSI to identify buying or selling opportunities
Bollinger Bands to anticipate moments of price explosion
6. Define your risks precisely
Don’t risk more than 1-2% of your capital in a single trade. Have $10,000? Then the maximum loss is $100-200. Don’t forget stop loss and take profit.
7. Follow influential news
Reports, updates, and rumors can change the market in an instant. Use platforms like CoinMarketCal and follow professional influencers for a time advantage.
8. Don’t rely on just one currency
Distribute your trades across multiple assets for greater opportunities and reduced risks.
9. Write everything down
Keep a daily trading record. Monitor your performance, learn from your mistakes, and continuously develop your strategy.
10. Make $100 a daily habit
Let’s say you have $5,000. If you earn 2% daily, you’re achieving your goal. 3 successful trades of $33 each are enough. The secret? Commitment, not greed.
