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Author Topic: Do you have any methods to do it?  (Read 1062 times)
fauzan Ichsan
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August 10, 2023, 06:51:27 AM
 #21

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
depending on the amount of capital you use for trading, if $ 50 - $ 100 is a 1% profit from the capital you use, then this can be said to be reasonable, day trading is something complicated in my opinion, but if you want to do day trading, I suggest not to be result oriented in mathematical calculations, because the level of risk is higher than investment, it can happen that we lose capital because we are reckless in trading which is not as easy as we think

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August 10, 2023, 11:17:55 AM
 #22

Daily income from day trading is possible if you know how to analyze the market and become an expert in trading. But to make $50-$100 daily profit from spot you need to trade at least with $5000. Otherwise you will not be able to make such earning daily but crypto trading never guarantees profit so no one can guarantee that you will make profit every day.  You can lose a single day and the losses can be big. However, crypto trading requires the ability to take risks
It is normal to trade profit and loss. But there is no guarantee that you will get $50-$100 daily income from spot trade. Some days there will be profit and some days there will be loss. But if you can analyze the market and trade, the loss will be very small. But all of us  Time has to take risk. If we don't have risk, then we can't do anything in life. If we have to stick to the right work at the right time, then we can be successful.
There are many people who earn thousands of dollars daily from spot trading and they invest huge amount of dollars for it. so the more money you invest, the more your profit and loss will be. But whatever you do, you must take risks.  But poor people and middle class family members are afraid to take risks.  So it appears that the rich get richer and the poor always remain poor. So if you want to gain in life, taking risk is mandatory


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August 10, 2023, 11:36:20 AM
 #23

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
What do you mean every day? If you mean to liquidate buying and selling orders within 24 hours, then the possibility of achieving a profit of one dollar per day is mentioned according to the investments that you make (from $ 100 to $ 1000), and it may reach 10 to $ 30 if the amount is $ 5000 to $ 10,000.
All of this depends on your plan, but I recommend that you diversify investment methods. For example, a long-term investment for two years will bring you a good return. If you divide this return by the amount of two years, it may be 1-10 dollars, depending on your capital.

So 1 to 10 dollars on an almost daily basis is possible and not an impossible task, but the low risks are the problem because as traders you have to learn how to deal with the loss more than the profit.

Start with a dollar per day trading, and you will reach $10 in a short time, but be careful not to treat it as an income, like a job, but rather as an investment.

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August 10, 2023, 11:40:25 AM
 #24

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

It's possible if I'm not mistaken, but difficult to do. You really need to have a lot of experience to be able to earn that kind of money, specially in a bear market. So you just don't need the money to begin with, but a lot of time in your hand to be in front of your machine to see the price movement and you also have the technical knowledge to read those lines and take advantage of it. But in any case, why not just target small profits in the beginning and see how it goes for you. You just don't know, maybe you start small and then become successful later.

R


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August 10, 2023, 12:08:31 PM
 #25

Daily income from day trading is possible if you know how to analyze the market and become an expert in trading. But to make $50-$100 daily profit from spot you need to trade at least with $5000. Otherwise you will not be able to make such earning daily but crypto trading never guarantees profit so no one can guarantee that you will make profit every day.  You can lose a single day and the losses can be big. However, crypto trading requires the ability to take risks
It is normal to trade profit and loss. But there is no guarantee that you will get $50-$100 daily income from spot trade. Some days there will be profit and some days there will be loss. But if you can analyze the market and trade, the loss will be very small. But all of us  Time has to take risk. If we don't have risk, then we can't do anything in life. If we have to stick to the right work at the right time, then we can be successful.
There are many people who earn thousands of dollars daily from spot trading and they invest huge amount of dollars for it. so the more money you invest, the more your profit and loss will be. But whatever you do, you must take risks.  But poor people and middle class family members are afraid to take risks.  So it appears that the rich get richer and the poor always remain poor. So if you want to gain in life, taking risk is mandatory

The problem between poor people or people in the middle class and rich people is that even the rich people will invest in trading; they don't have any problems at all and can easily put money in, but to poor people it is difficult because first they don't have money, and if they do, there are more priorities like food or their needs, and there is no extra for them. Also, taking risks is like having one foot in the grave because let's say you force yourself to invest, and if you lose, you don't have to,, you'll starve. That is really the sad truth, and poor people like us are really having a hard time earning money, but we do really like to invest, but our financial capability can't.
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August 10, 2023, 03:16:28 PM
Merited by Aanuoluwatofunmi (2), Majestic-milf (1), Lida93 (1)
 #26

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

It's possible but it depends on the capital you'll be willing to invest into trading bitcoin or any other altcoins of your interest. You can't have a trading capital of only $100 or $500 and be expecting to make profits of $50 - $100. You'll need higher capital so when you make 1% -5% based on the market movement you can get a decent profits. The cryptocurency market is dull as  we're in a bear market and the market isn't moving bullish to give high returns daily.

Looking at the market and the percentage increase, only a few projects gets upto 10% daily increase and let say you're trading that project, it means you have to invest a minimum of $1000 in the project to make a 5% - 10% increase that'll give you $50 - $100 on your capital.

R


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August 10, 2023, 03:53:49 PM
 #27

I would imagine that in order to generate such amounts per day, you would need a decent amount to start with. Do you have that?

But assuming that you do, the market is very volatile. You can't simply use a grid bot, or follow a certain strategy and expect money to keep flowing. So if you don't know what you're doing, daytrading is probably something you should stay away from.

I have funds to start with and i saw there are people who are earning a good amount of money from spot trading. Forget about day trading, is that even possible to generate 100$ weekly from spot trading with minimal risk? I would like to know how many among us generating this type of figure from the crypto market and what methods they are using to do that. Also how they manage their risk and reward ratio.
There are people that do make money from spot trading actually, but what works for someone else might not work for you as those persons must have overtime mastered their respective strategy they using which doesn't mean they didn't had some losses in the forgoing. And might not be able to catch up in managing the risk the way they do. So why not stick to what's working well for you with a minimal loss stead of seeking out for multiple recommendations that you may get confused with.

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August 10, 2023, 03:57:25 PM
 #28

Is that even possible to earn 50$-100$ every day with spot trading?
Yes, this is very possible, some traders can even earn more, all depends on skills and strategy.

If yes then what methods you are using and how do you manage your risk?
To stay making profits from spot trading, the strategy that everyone uses cannot be the same and does always remain unchanged. Theses strategy are always changing and even if you were told now how they do it, the strategy may not be effective in maybe the nest three months and then you begin to loose because you do not know how to observe the market and form strategies on your own.

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August 10, 2023, 04:24:03 PM
 #29

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

If you research then many people earn more than that in spot trading every day. You can easily make that much profit daily if you invest and risk big amount. If you have proper knowledge on the market and the coins, then definitely by choosing the right coin and price, you can make good amount of money. The trick that basically works here is that, buy when the price is down and sell when the price is up. Now when the price will go down or up, it will take lot of research and analysis.

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August 10, 2023, 04:58:26 PM
 #30

If the question is whether it is possible or not, then yes it is certainly possible.
How it works out in reality is another matter. Because now the market is not very stable and it is not so easy to trade and earn money.
Also, a lot depends on how much money you have and what abilities, knowledge, skills you have, it is also important what experience you have.
If you have good experience in investing to trade long distance, then it is not certain that day trading will bring you more money. Where someone has earned, there is always someone who has lost. If you are making good money now, then it may not be worth changing this strategy to a less reliable and more nervous one.

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August 10, 2023, 04:58:45 PM
 #31

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
What do you mean every day? If you mean to liquidate buying and selling orders within 24 hours, then the possibility of achieving a profit of one dollar per day is mentioned according to the investments that you make (from $ 100 to $ 1000), and it may reach 10 to $ 30 if the amount is $ 5000 to $ 10,000.
All of this depends on your plan, but I recommend that you diversify investment methods. For example, a long-term investment for two years will bring you a good return. If you divide this return by the amount of two years, it may be 1-10 dollars, depending on your capital.

So 1 to 10 dollars on an almost daily basis is possible and not an impossible task, but the low risks are the problem because as traders you have to learn how to deal with the loss more than the profit.

Start with a dollar per day trading, and you will reach $10 in a short time, but be careful not to treat it as an income, like a job, but rather as an investment.

I already have a portfolio of long-term investments plan. I usually do not touch those coins until they reach their targets. I just want to try something new and think about day trading methods to get some daily income. I do not mind following a weekly trading strategy to earn 100$ on a weekly basis. But i need to know about how to manage my risk of investment.

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August 10, 2023, 07:41:14 PM
 #32

I have funds to start with and i saw there are people who are earning a good amount of money from spot trading. Forget about day trading, is that even possible to generate 100$ weekly from spot trading with minimal risk?
Spot trading is one of the trades that is often used and utilized by many crypto trading circles. Spot trading is only aimed at and focuses on falling and rising prices. My current assessment is the spot trading method, maybe you can just choose Bitcoin, if you want to earn well, $ 100 or more in a matter of weeks, I think you can easily get it, if you have 1-2 Bitcoin capital.

For example:
The price of Bitcoin on August 9, Bitcoin is trading at the lowest price of $ 29,376.80 within 24 hours Bitcoin has risen to a level of $ 29,561.49, so here you will definitely get a profit of $ 184, that is if you have 1 BTC in funds.

OP, if you want to see the process: Data historis Bitcoin., you can see it, it will accompany your spot trading process by days and weeks.

R


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August 10, 2023, 08:27:33 PM
 #33

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
Majority of traders will really be having that kind of target on earning on everyday whether it would be lesser that with 50 or 100 bucks that you are targeting because everything would really be varying the trading capital

or amount position that you had set out. Yes, i could say that it is really that indeed possible but its not something that wont really be so simple that anyone could easily achieve. If you are really that having the plans on making some day trade then you should really be having that realistic approach on things on which trying out to learn on a gradual phase and not on the rush way because this is where mistakes do usually start to kick in
if you do have that kind of impression on which its not really that realistic at all. There's no method to fast pace up on learning trading because everything goes in line with the proper dealing and the experience
that you would be able to obtain along the way.

Never ever put up into your mind that you would really be able to handle out this market volatileness in a short time.Even lets say that you are profitable in holding but doesnt mean that you are really that good
or capable on making day trades. You will really be needed to start up from scratch.

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August 10, 2023, 08:50:46 PM
 #34

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
This could be.
However, it may require higher, more consistent, and more frequent efforts to monitor the market. So you can post positions more often and then take profits. Usually, if you use the spot market, the profit will be smaller, but it doesn't matter as long as you have high capital. This is enough to take profits several times on several coins, so don't just focus on one coin or token. Btw, if you want big enough profits like that every day, of course the capital used is also high enough to be able to realize it more quickly.

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August 10, 2023, 09:47:00 PM
 #35

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
I cannot give you the assurance to earn that certain amount within a day. First, the market is highly volatile, sometimes the price is up, sometimes it drops too low. So you can decide to keep day trading, but you can’t expect that it will always yield good profits. Even professional day traders lose at some point, which means day trading is not just all about how good you are as a trader, but it’s always like how often the market favor your trades. If you trade when the market is in a negative shape, probably your trades too will definitely be in bad shape, especially if luck is not on your side.

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August 10, 2023, 10:21:07 PM
 #36

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

Well in my honest opinion that would depend on the amount capital that you are going to use in a day trading activity. It is because in my experienced withe amount of 20$ as my capital start-up I only gained 1-.1.5$ it depends on the crypto you are using it.

now if you're gonna start with 100$ capital you could possibly earn daily around 5-10$ or more it depends on the timeframe your gonna do. Meaning, that amount needs a large amount of capital to achieve it.



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August 10, 2023, 10:27:04 PM
 #37

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

Well in my honest opinion that would depend on the amount capital that you are going to use in a day trading activity. It is because in my experienced withe amount of 20$ as my capital start-up I only gained 1-.1.5$ it depends on the crypto you are using it.

now if you're gonna start with 100$ capital you could possibly earn daily around 5-10$ or more it depends on the timeframe your gonna do. Meaning, that amount needs a large amount of capital to achieve it.
Yes, it would really be depending on the capital that you would be using and i agree on most points that there's no such thing about guarantee on getting that $50+ more profit in a single day because everything would

really vary on how good you would be making out some trading or efficient would it be because not all would really be having the same skills and knowledge towards trading on which it would really be just that normal that
it would really be different to each other. This is why answering up this question is never been that easy because its situational and something that cant really be known or would really be able to precisely predict on what would be the numbers.There are really just that people who are really that trying out to achieve something which its not really that been able to know on what are the exact numbers.

Profitability would really vary on how well you do trade because not all would really be that good on doing so. Some might be profitable and some might really be that losing up money.
This is why it would be situational.

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August 10, 2023, 11:34:19 PM
 #38

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
Day trading is not the same as spot trading. Because you cannot utilize leverage in spot trading, a 1% increase in price will result in a 1% increase in profit. So, in order to make that much profit per day, your starting capital should be $10,000. However, there is no guarantee that the price will move in the desired direction. Before you begin trading, I recommend that you first learn how to trade because it is not as simple as you believe. You must have a good mindset, a trading plan, and risk management skills.

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August 11, 2023, 05:41:52 AM
Merited by Noctis Connor (4)
 #39

I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now i want to try something different. I want to try day trading methods to generate a daily income from the spot market.

Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?

I started from spot trading before and I could say that it will be hard to earn $50-$100 a day on it since there's no leverage so you can't actually make a lot from it. regarding the profit the price of buy/sell in spot is different for example the price when you buy the coin is 1.18 when the price go up for 1.5 and you sell it its so little that you can't notice it. For me spot trading is more like for long term investment since your funds won't be liquidated. Day traders usually trade in futures there's a Stop loss and Take profit that you can set. its very risky because you can burn your funds if you don't know what's the cons of being a day trader. In short leverage use your funds as a collateral, you're basically borrowing from the trading platform that you're using.

Let me give you some background regarding futures trading, I'm just explaining this because you want to know how does day trading really works. Spot trading is not the same as Day Trading (Futures Trading)
Example of Futures Trading:
If you put some leverage for example 5x you're basically borrowing from the trading platform which I said earlier, so they're multiplying your position by 5. for every $1 of your own funds/capital you are borrowing additional $4 to trade with a total position size of $5.
If you buy long and the price go down(it goes short) your loss is 5 times bigger, if you traded with $1 position because you borrow $4 in x5 leverage.
But If you buy long and the price goes up instead you will gain 5 times bigger. Futures Trading is very risky as you know you're basically gambling and guessing how will the price behave will it go down or go up. Be careful trading if you don't want to face a lot of money. DYOR there's a lot of tutorial out there internet is free. You can learn a lot watching other traders do.

Good luck and hope you gain a lot of knowledge from this one.
Fuso.hp
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August 11, 2023, 08:29:57 AM
 #40

It is difficult to say for certain that it is possible to earn the amount of money you mentioned by trading every day. Because you may have profit or loss due to market volatility, you have to accept it and then do day trading. I don't think daily trading is very useful because in trading you can't say for sure that you will profit every day, maybe two days you trade well and two days you profit but next day you will see that the market is slightly different as you buy coins. At that point you have no choice but to wait because you will definitely not lose your money and sell your coins. Even if you get the amount of profit you mentioned daily, you will have to trade with a lot of money, and you will also have to do monthly profit and loss calculations. If you calculate profit and loss monthly, you will understand whether your daily trading is making profit or loss.

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