Earn $100 a Day with Spot Trading
1. Define Daily Target
Set a concrete goal: make $100 per day. This can be split into a few smaller trades—for example, two trades with $50 each or four trades with $25 profit each.
2. Know Your Starting Balance
A recommended starting capital is around $10,000, allowing for safer and lower-risk trades. With smaller amounts, you’ll need to be more aggressive to hit the $100 goal.
3. Pick Liquid and Volatile Coins
Stick with top movers like Bitcoin (BTC) and Ethereum (ETH). Their high volume and predictable price swings make them great for quick trades.
4. Apply a Proven Trading Method
Scalping: Do several fast trades targeting $10–$30 profit each.
Breakout Strategy: Watch for strong price movements when a coin breaks through a support/resistance level.
Swing Trading: Hold positions for 1–2 days to ride trends, especially in volatile markets.
5. Master the Basics of Technical Analysis
Use tools like:
Moving Averages (MA) for trend direction
RSI (Relative Strength Index) for overbought/oversold conditions
Bollinger Bands to spot volatility shifts
6. Always Manage Risk
Never risk more than 1–2% of your capital on any trade. For example, with $10,000, keep risk between $100 and $200 per trade. Use stop-loss and take-profit orders to protect your capital.
7. Stay Informed
Monitor breaking news and crypto updates that influence market sentiment. Use alert tools and trading apps to stay ahead of sudden movements.
8. Don’t Go All-In on One Coin
Avoid putting your full capital into a single asset. Diversify among 2–3 solid coins to reduce risk.
9. Track Your Trades
Maintain a trading journal where you log entries, exits, wins, and losses. This helps refine your strategy and recognize your strengths.
10. Example Profit Plan
Let’s say you have $5,000. Aiming for a 2% return daily gives you your $100 goal. That might mean doing three trades that return about $33 each.
$BTC With the right strategy, discipline, and risk control, $100 a day from spot trading is an achievable target.