Here's a concise guide to earning $100 daily from spot trading, focusing on essential strategies and practices for beginner to professional:

1. Set a Clear Profit Target

Professionally, a $100 daily target requires disciplined planning. Traders should break down this target into manageable trades, e.g., 4 trades of $25 or 2 trades of $50 each.

2. Capital Requirements

For consistent gains, starting with a capital of $10,000 is recommended. Smaller capital increases risk and reduces potential returns. Professional traders typically aim for 1-2% gains per trade while managing losses effectively.

3. Asset Selection

Experienced traders focus on liquid, well-established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) due to their predictable price movements. These assets are favored because they minimize volatility-related risks.

4. Trading Approaches

Professionals employ various strategies:

  • Day Trading: Short-term trades lasting minutes to hours, capitalizing on small price movements.

  • Scalping: Involves numerous trades targeting minimal profits per trade ($10–$25).

  • Breakout Trading: Captures profits when assets break key support/resistance levels.

  • Swing Trading: Holding positions for a few days to capitalize on trends.

5. Technical Analysis

Effective use of technical tools like:

  • Moving Averages: Identifies trends to determine buy/sell decisions.

  • RSI: Detects overbought or oversold conditions.

  • Bollinger Bands: Tracks volatility to anticipate market movements.

6. Risk Management

Professional traders limit risk exposure to 1-2% per trade. For instance, with $10,000, risks should be kept between $100 and $200. Proper use of stop-loss and take-profit orders is critical to protect capital and secure profits.

7. Staying Informed

Professionals track news and market trends in real-time. Market-moving events can drastically influence asset prices, so staying updated and setting alerts is essential for timely decision-making.

8. Portfolio Diversification

Professional traders never concentrate all funds in one asset. Diversification across different cryptocurrencies minimizes the risk of market volatility affecting the entire portfolio.

9. Record and Review

Maintaining a detailed trading journal helps professionals identify trading patterns, refine strategies, and ensure continuous learning.

10. Profit Calculation

For a capital of $5,000, targeting a 2% return per day can be achieved through 3 trades of approximately $33 profit each. This structured plan ensures realistic targets are met consistently.

Conclusion: For professionals aiming to achieve consistent daily profits, spot trading requires thorough planning, disciplined execution, risk management, and constant market monitoring. Following these strategies can help build a sustainable income stream while minimizing potential losses.