How much can you make per day trading crypto with a $5,000 budget?
I started investing in cryptocurrency with a bank of $ 1,300. I distributed the amount as follows:
20% - Stable currencies;
20% - IEO and ICO;
20% - Weekly trading;
20% - Daily trading;
20% - Long-term investments;
By the end of the summer of 2022, the amount of the bank was $ 4,100.
At the end of January, I started making my first profits. Here's an overview of my strategy this year:
I made the first investment in early April; its primary goal was to make $ 10,000 from $ 1,000 in a few months with minimal control. Today is June 30, and I've made only $ 3,650 due to high volatility.
My brother started trading crypto at the beginning of December. Before that, I taught him everything I knew. He came in with a bank of $ 4800. Today his bank exceeded $ 25,600 because he painstakingly calculates his every move and keeps up with the latest news.
The average income per month that I withdraw does not exceed 2000/3000 dollars per month. It depends on my needs.
The cryptocurrency market is not an easy way to earn money, it's constantly changing, and you need to change along with it, try new strategies, hone your skills and take risks.
The algorithm for scaling profits is about the same for everyone:
You distribute the bank - Increase the capital - Redistribute the bank - Add investments - Increase trading volumes - Increase the sources of cash flows, etc.
Anyone who wisely approaches this type of trading quickly understands what strategies work and how to implement them. But there are a massive number of things that you need to pay attention to. I get my tips from the EasyTrade platform.
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