If you're aiming to make $100 a day trading crypto, short-term strategies like day trading or scalping could be the most effective. Here are some key steps to consider: 👇👇👇
- Choose a Liquid Market: Focus on trading popular assets like Bitcoin or Ethereum, where high trading volume ensures quick buying and selling opportunities.
- Create a Solid Trading Plan: Use technical indicators such as moving averages, RSI, and key support/resistance levels to determine the best entry and exit points.
- Practice Effective Risk Management: Only allocate 1-2% of your capital to each trade, and always use stop-loss orders to minimize potential losses.
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