How to Earn $50~$100 Daily from Spot Trading
Simple and Practical Guide
Set Clear Goals
Aim to earn $100 each day. You can split it into 4 trades with a profit of $25 or 2 trades with $50.
Choose Starting Capital
It is advisable to start with $10 for safer trading. Less capital means higher risk.
Choose Wisely
Focus on Bitcoin or Ethereum, assets with high trading volume and frequent volatility.
Follow Trading Strategies
Scalping: Many small trades with profits from $10 to $25.
Breakout Trading: Focus on volatility when the price breaks through important levels.
Swing Trading: Hold positions from 1–2 days in a strong trend.
Use Technical Analysis
Use moving averages to detect trends, RSI to determine overbought/sold conditions, and Bollinger Bands to check volatility.
Manage Risk
Do not risk more than 1–2% of capital on a single trade. With $10, limit risk to $100-$200 and always use stop-loss orders.
Stay Updated
Keep track of cryptocurrency news to stay ahead of the market. Use alerts and reliable sources.
Diversify Trades
Do not put all your money into one coin. Allocate investments across multiple assets to reduce risk.
Keep a Trading Journal
Record every trade. Evaluate performance to understand what works and improve strategies.
Sample Profit Plan
With $5 and a target of 2% profit, execute 3 trades with a profit of about $33 per trade to reach the target of $100.