How to Earn $100 Every Day from Spot Trading: A Simple & Effective Guide
1. Set Realistic Profit Goals
Target: $100/day.
Strategy: Break it down into smaller parts. Aim for 4 trades with a profit of $25 each, or 2 trades with $50.
2. Required Capital
Start with at least $10,000 for safer trading.
If you have less, you must accept higher risks to achieve $100.
3. Choose the Right Assets
Trade popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) that have high volume and price movement.
This ensures quick entry and exit without major price changes.
4. Trading Strategies
Day Trading: Short-term trades that last a few minutes or hours.
Scalping: Make several small trades of $10-$25 each.
Breakout Trading: Trade when the price breaks key levels.
Swing Trading: Hold trades for 1-2 days if the market trend is strong.
5. Use Simple Technical Analysis
Use basic tools such as:
Moving Averages: To see trends.
RSI: To find out if a coin is oversold or overbought.
Bollinger Bands: To measure volatility.
6. Risk Management
Never risk more than 1-2% of your capital on any trade.
Example: With $10,000, risk $100-$200 per trade.
Use stop-loss to protect your capital and take-profit to lock in profits.
7. Stay Updated
Keep an eye on the market, news, and any updates that could affect prices.
Use alerts or news aggregators for quick updates.
8. Diversify Your Trades
Donโt bet everything on one coin. Spread your trades across several different cryptocurrencies.
9. Track Your Progress
Maintain a simple log of your trades to see what works and where you can improve.
10. Simple Daily Profit Plan
If you have $5,000 and want to achieve a 2% return:
2% of $5,000 = $100.
