BEGINNER'S GUIDE TO MAKING $100 DAILY FROM SPOT TRADING! đ„đ€đ
Want to hit that sweet $100 daily profit?
Spot trading is your path if you play it right.
Hereâs a step-by-step strategy to start making consistent gains:
âą 1. Set Your Daily Profit Target
Break it down: aim for 4 trades at $25 or 2 trades at $50. Steady wins add up, so you donât need to chase huge gains in one go.
âą 2. Start with Enough Capital
For a safer ride, $10,000 is a solid start. Smaller budget? Be ready for smaller profits and higher risks as you build your account.
âą 3. Trade the Big Players
Stick with the top dogs like Bitcoin (BTC) and Ethereum (ETH). These giants are more predictable and stable compared to smaller coins.
âą 4. Find Your Trading Style
Everyoneâs got a unique trading vibe. Whether youâre into quick day trading, scalping, or holding positions for a few days (swing trading), find what works for you.
âą 5. Learn Technical Analysis
Master key indicators like Moving Averages, RSI, and Bollinger Bands to understand the market and make informed decisions.
âą 6. Use Risk Management
Only risk 1-2% of your capital per trade. For a $10k account, thatâs $100-$200 max. Also, lock in those profits with stop-loss and take-profit orders.
âą 7. Stay Updated
Crypto news drives the market. Stay informed about regulatory changes, tech updates, and big events that could impact your assets.
âą 8. Diversify Your Trades
Spread your investments across different coins to minimize risks and increase your chances of steady profits.
âą 9. Track Your Trades
Keep a journal to review your trades, learn from mistakes, and improve your strategy over time.
âą 10. Hit Your Daily Goal
With a $5,000 account, aim for a 2% return. Thatâs $100 a day, which you can split into multiple small trades like 4 at $25 each. Stay flexible and consistent!
Final Thoughts: Spot trading isnât a quick-money game. Itâs all about patience, practice, and discipline. Stick to these strategies, refine them, and watch your profits grow.
Ready to start earning that $100 a day?
Letâs get trading!đđ€đ
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