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How to achieve $100 a day from spot trading with a clear plan and without complications?
Do you aspire to turn trading skills into a steady income? Here’s a practical approach without exaggeration or empty promises:
1. Set a specific and achievable goal
Keep a clear number in mind: $100 a day. Break it down into small trades – for example, 2 trades of $50 or 4 trades of $25. A clear goal makes a difference.
2. The right capital is key
Having $10,000 or more gives you a higher margin of safety. Trading with a smaller amount? That's okay, just stick to precision and discipline in every trade.
3. Don’t waste your time with dead coins
Focus on currencies with high movement and liquidity like $BTC, $XRP, and $BNB. Quiet currencies may waste your time without benefit.
4. Choose a strategy that fits your personality
Day trading: Quick movements within the same day.
Scalping: Small, repeated profits.
Breakouts: Focus on moments of breaking resistance/support.
Swing: Profit from larger movements over two days or more.
5. Don’t overload the chart with tools
Use simple and effective tools:
Moving averages to determine the trend
RSI to identify buying or selling opportunities
Bollinger Bands to predict moments of price explosion
6. Accurately define your risks
Do not risk more than 1-2% of your capital in a single trade. Do you have $10,000? Then the maximum loss is $100-200. Don’t forget to set stop-loss and take-profit.
7. Follow influential news
Reports, updates, and rumors can change the market in an instant. Use platforms like CoinMarketCal and follow professional influencers for a time advantage.
8. Don’t rely on only one coin
Distribute your trades among multiple assets for greater opportunities and reduced risks.
9. Write everything down
Keep a daily trading log. Monitor your performance, learn from your mistakes, and continuously develop your strategy.
10. Make $100 a daily habit
Let’s say you have $5,000. If you earn 2% daily, you are achieving your goal. 3 successful trades of $33 each are enough. The secret? Commitment, not greed.