1. Set Realistic Profit Goals
Aim for a daily profit of $100. Break it down into achievable targets: aim for four trades of $25 each or two trades of $50.
2. Determine Capital Needs
Begin with at least $10,000 to trade securely. If your starting capital is lower, be prepared to take on greater risks to reach your daily goal.
3. Select the Right Assets
Focus on high-volume cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) for smoother trades with minimal price fluctuations.
4. Adopt Effective Trading Strategies
• Day Trading: Execute short-term trades, holding positions for minutes or hours.
• Scalping: Make numerous small trades, targeting profits of $10 to $25 each.
• Breakout Trading: Capitalize on price movements beyond significant levels.
• ⁠Swing Trading: Hold trades for 1-2 days when a trend is strong.
5. Employ Basic Technical Analysis
• Moving Averages: Help identify trends.
• ⁠Relative Strength Index (RSI): Indicates whether an asset is overbought or oversold.
• Bollinger Bands: Assess market volatility.
6. Practice Risk Management
Limit your risk to 1-2% of your capital per trade. For example, with $10,000, only risk $100-$200 per trade. Always use stop-loss orders to safeguard your funds and take-profit orders to lock in gains.
7. Stay Updated
Keep an eye on the market, news, and events that could affect prices. Utilize alerts or news aggregators for real-time information.
8. Diversify Your Investments
Don’t put all your funds into a single asset. Spread your trades across various cryptocurrencies to mitigate risk.

9. Monitor Your Performance
Maintain a simple trading log to evaluate your trades and pinpoint areas for improvement.

10. Daily Profit Strategy
If you start with $5,000 and target a 2% return:
2% of $5,000 = $100.
Make three trades, aiming for a profit of $33 each.
By following this structured approach with discipline and sound risk management, you can work towards earning $100 daily from spot trading.

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