How to earn $100 daily from spot trading: A simple and effective guide
1. Set a realistic profit target
Goal: $100 daily.
Strategy: Break the order into several stages. Try 4 trades with a profit of $25 each, or 2 trades with a profit of $50.
2. Required capital
Start with at least $10,000 for safer trading.
If you have less capital, you will have to take higher risks to reach $100.
3. Choose the right assets
Trade popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) with high volume and price movement.
This ensures quick entry and exit without significant price changes.
4. Trading strategy
Day trading: Short-term trades that last for a few minutes or hours.
Rapid speculation: Make several small trades with profits ranging from $10 to $25 each.
Breakout trading: Trade when the price breaks through key levels.
Swing trading: Keep the trade open for a day or two if the market trend is strong.
5. Use simple technical analysis
Use basic tools such as:
Moving averages: Immediate trends.
Relative strength index: Find out if the coin is oversold or overbought.
Bollinger Bands: Measure volatility.
6. Risk management
Never risk more than 1-2% of your capital on any trade.
Example: With $10,000, risk between $100 and $200 on each trade.
Use a stop-loss order to protect your capital, and a take-profit order to secure profits.
7. Stay informed
Monitor the market, news, and any updates that may move prices.
Use alerts or news aggregators for quick updates.
8. Diversify your trades
Don't bet all your money on one coin. Spread your trades across several different cryptocurrencies.
9. Track your progress
Keep a simple record of your trades to see what works and what you can improve.
10. Simple daily profit plan
If you have $5,000 and want a 2% return:
2% of $5,000 = $100.
Complete 3 trades aiming for a profit of $33 each.
With this simple approach, discipline, and good risk management, you can work on earning $100 daily from spot trading$ETH $BTC $USDT
