How to Make $100 a Day Trading Crypto ? 🤔
I have been trading crypto currencies on Binance for a few months now.
As a beginner, I can tell you that it has been a roller coaster of super crazy highs and even more super crazy lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days.
At times I have managed to multiply my money 400% in a week and then proceeded to lose all these gains the next because of the high volatility of cryptos.
I am not a major crypto hodler simply because I cannot afford to. I do not have extra money that I can put there to sit around as I wait months or years even for it to rise and for me to watch it go through these crazy highs and lows. Money is super tight especially in the second year of a global pandemic. And I need my money to be circulating in and out of a venture for it to best benefit me and my situation right now.
For these reasons, I needed a strategy that could best suit me. And after some experience, I came up with this one.
I trade my crypto on Binance. After a few months of interacting with the platform, I noticed that at least 50 different trading pairs manage a 10 - 20% rise daily. Some even go to crazy highs of 800% in one day on some occasions! Some selected few manage 100% rises while others do between 40% and 80%.
My focus at this point is usually on the ones that rise 10 -20 % daily as they are the regular occurrences and the purpose of this story. This strategy applies only to spot trading.
The strategy
Scenario 1
If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.
