$BTC $HMSTR $SUI

Beginner's Guide to Earning $100 Daily from Spot Trading 💸

1️⃣ Set a Clear Profit Target: Aim for a daily profit of $100. Consider multiple trades to reach this target, such as: 4 trades of $25 each 2 trades of $50 each.

2️⃣ Initial Capital Requirements: Start with a minimum of $10,000 for conservative trading

If your capital is lower, be ready for higher risks and smaller profits.

3️⃣ Choose the Right Assets: Focus on well-established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) 📈. These assets tend to have more stable price movements, making them easier to trade.

4️⃣ Trading Approaches:

- Day Trading: Execute short-term trades, holding positions for minutes to hours

- Scalping: Engage in numerous small trades, targeting profits of $10 to $25 each

- Breakout Trading: Trade when an asset's price breaks through key support or resistance levels .

- Swing Trading: Hold positions for a day or two to capitalize on short-term trends.

5️⃣ Use Essential Technical Analysis:

- Moving Averages: Identify market trends

- Relative Strength Index (RSI): Determine if an asset is overbought or oversold

- Bollinger Bands: Gauge price volatility to anticipate potential price movements.

6️⃣ Risk Management: Limit your risk to 1-2% of your trading capital per position

. Utilize stop-loss and take-profit orders to safeguard your investments.

7️⃣ Stay Informed: Monitor market news and events that could impact asset prices .

Set up alerts to receive real-time updates on significant developments.

8️⃣ Diversify Your Portfolio: Avoid concentrating your investments in a single asset .

Spread your trades across different cryptocurrencies to mitigate risk.

9️⃣ Record and Review Your Trades: Maintain a trading journal to track your performance .

Identify patterns and make improvements to your strategy.

0️⃣ Calculate Your Daily Profit Plan: If you start with $5,000 and aim for a 2% return: 2% of $5,000 = $100 .

Achieve this by making 3 trades, targeting $33 profit per trade.

#bitcoin☀️