HOW TO MAKE $100 PER DAY FROM TRADING: SIMPLE AND EFFECTIVE GUIDE 😱😱🚀🚀
1. Set a Realistic Profit Goal Aim to make $100 a day. Break it down: Try 4 trades of $25 each or 2 trades of $50 each.
2. Capital Requirements Start with at least $10,000 to trade more safely. If you have less, you will need to take on more risk to reach your $100 target.
3. Choose the right asset Focus on high volume cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) to ensure smooth trading with minimal price fluctuations.
4. Trading strategy
Day Trading: Make short term trades, holding for a few minutes or hours.
Scalping: Make many small trades with profits from $10 to $25.
Breakout Trading: Trade when price breaks through important levels.
Trend Trading: Hold the trade for 1-2 days if the trend is strong.
5. Use Basic Technical Analysis
Moving Average: Identify the trend.
RSI: Determines whether an asset is oversold or overbought.
Bollinger Bands: Measures volatility.
6. Risk Management Limit your risk to 1-2% of your capital per trade. For example, with $10,000, risk only $100-200 per trade. Use stop-loss orders to protect your money and take-profit orders to secure profits.
7. Stay informed Keep track of markets, news and events that can impact prices. Use alerts or news aggregators for real-time updates.
8. Diversify your trading Avoid investing all your money in one asset. Spread your trades across different cryptocurrencies.
9. Track your performance Keep a simple journal to analyze your trades and identify areas for improvement.
10. Daily Profit Plan If you have $5,000 and the goal is 2% profit:
2% of $5,000 = $100.
Make 3 trades, profit target is $33 per trade.
By applying this simple method along with discipline and effective risk management, you can make $100 per day from spot trading.