example of how to earn $10 daily in ETH spot trading with a $300 balance, assuming ETH’s price is $2,400:
Step-by-Step Example:
Capital: $300
ETH Price: $2,400
With $300, you can buy 0.125 ETH ($300 ÷ $2,400).
Trade Scenario:
Buy 0.125 ETH at $2,400 = $300.
You wait for the price to increase by 1%.
In this case, the ETH price will rise by $24.
New ETH Price: $2,424 (after a 1% increase).
Sell ETH at $2,424:0.125 ETH × $2,424 = $303.
Net Profit:$303 (after selling) - $300 (initial investment) = $3 profit.
To Make $10 Daily:
Since a 1% price movement gives you a $3 profit, you would need to make 3 or 4 similar trades during the day to hit your $10 goal.
Key Considerations:
Watch for volatility: ETH can fluctuate by 1% multiple times a day, so you can place multiple trades.
Set entry and exit points: Use limit orders to buy and sell at the right time to hit your 1% target.