1. Choice of Assets: Select liquid cryptocurrencies with good volatility. Popular pairs like BTC/FDUSD and ETH/FDUSD are commonly chosen.
2. Technical Analysis: Use technical indicators, such as moving averages, RSI and MACD, to identify trends and entry/exit points.
3. Risk Management: Set limits for daily losses and use stop-loss orders to protect your investments.
4. Exit Strategy: Set clear daily profit goals (in your case, 1.8%) and exit trades when you reach that goal.
5. Diversification: Don't put all your resources in a single asset. Spread your investment to reduce the impact of adverse moves.
6. Constant Monitoring: Be prepared to adjust your strategy based on market conditions. Flexibility is essential.
7. Trading Hours: Focus on times of greatest market liquidity and volatility, generally during the London and New York sessions.
Remember that even with a solid strategy, success in day trading is not guaranteed, and it is essential to be prepared to accept losses.
Furthermore, the time dedicated to trading must be managed with balance to avoid fatigue and impulsive decisions.
A Small Example here below of minimum daily profit:
500$ x (per hour) ---> 0.30% = 1.5$
โข (per day/6 h) ---> 1.8% = 9$
โข (per week/6 days) ---> 10.8% = 54$
โข (per month/4 weeks) ---> 43.2% = 216$
You can make more profit than that. However, first get into the habit of following the strategies to the letter and practice with small goals.
Bom Trading.
$BTC $ETH $FDUSD
