Yes š„° A best check list provide all friends and describe about spot fees.
Ed Bermingham W62c
--
If your goal is to earn $10 profit from $100 in Binance spot trading, that means youāre aiming for a 10% return on your capital.
1. Understand the Math
$10 profit on $100 = 10% gain
In trading terms:
If you buy a coin at $1.00, you need to sell it at $1.10 (ignoring fees) to get 10%.
Binance spot trading fees are around 0.1% per trade, so in reality you need slightly more than 10.1% in price movement.
2. Practical Approach
A. Choose High-Volume Coins
Stick to top coins like BTC, ETH, BNB, SOL ā lower risk of manipulation and better liquidity.
Avoid very low-volume altcoins unless you know the risks (they can spike but also crash fast).
B. Use Short-Term Price Movements
Look for coins that move 2ā5% daily (you may need 2ā3 successful trades to reach your target).
Example:
Buy when RSI (Relative Strength Index) is oversold (~30).
Sell when RSI is overbought (~70).
C. Avoid All-in Bets
Risk 2ā5% of your $100 per trade to reduce the chance of big losses.
This means it might take several trades to make $10.
3. Example Trade Plan
Capital: $100
Trade 1: $25 into SOL at $100 ā sells at $103 (+3%) ā profit ~$0.75 after fees.
Trade 2: Repeat with other coins showing upward momentum.
After 10ā12 small trades, you can hit $10 safely.
4. Key Tips
Use Stop-Loss Orders (e.g., -2% max loss per trade).
Donāt FOMO (chasing pumps often leads to losses).
Watch Binance Spot Gainers/Losers list for volatility.
Keep a trading journal to track what works.
If you want, I can make you a step-by-step $100-to-$110 spot trading strategy with coin selection rules, entry/exit signals, and profit targets so itās more like a checklist you follow. Would you like me to make that? #ETHRally #CreatorPad #BTCReclaims120K #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
1
0
Explore the latest crypto news
ā”ļø Be a part of the latests discussions in crypto