To make $500 daily with a $3,000 balance, you’d need a low-risk strategy with disciplined execution. Here’s a structured approach to achieve this:

1. Target Profit and Risk Per Trade

• Daily Goal: $500 = 16.67% of $3,000.

• Risk Management:

• Use a 2:1 reward-to-risk ratio for trades.

• Risk no more than 1-2% of your capital per trade ($30–$60).

This means aiming for $150-$300 per successful trade, requiring 2–3 successful trades daily.

2. Trade Strategy

Here are low-risk strategies you can use:

A. Scalping (Short-Term Trading)

• Focus on small, quick trades on Bitcoin’s 1-minute or 5-minute charts.

• How:

1. Trade during high volatility periods (e.g., when the U.S. or EU market is open).

2. Use key indicators:

• Bollinger Bands: Buy at the lower band, sell at the upper band.

• RSI (Relative Strength Index): Buy when RSI < 30, sell when RSI > 70.

• VWAP (Volume-Weighted Average Price): Trade in the direction of the trend above or below VWAP.

3. Set a tight stop-loss (e.g., $50-$100 below entry).

B. Day Trading (1-2 Trades a Day)

• Trade using Bitcoin’s 15-minute or 1-hour chart for larger, more reliable moves.

• How:

1. Use support/resistance levels:

• Identify key support and resistance zones (e.g., $96,000 as support, $98,000 as resistance).

2. Combine indicators:

• MACD: Look for crossovers (bullish or bearish) to enter trades.

• RSI: Avoid overbought/oversold zones.

3. Take partial profits at $200–$300, move stop-loss to breakeven, and let the rest ride.

C. Grid Trading (Automated)

• Use Binance’s Grid Trading Bot to automate low-risk trades.

• How:

1. Set a range (e.g., $95,500–$98,500).

2. Profit from price fluctuations within this range.

3. Adjust grid levels to increase profitability in volatile conditions.

3. Risk Management

To reduce risk:

1. Use Stop-Losses: Set a stop-loss for every trade to limit losses.

2. Position Sizing:

• Only risk 10%–20% of your balance per trade ($300–$600).

• With 5x leverage, this means controlling $1,500–$3,000 per trade.