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Author Topic: Do you have any methods to do it?  (Read 1063 times)
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March 30, 2024, 02:31:06 PM
 #141

As you say you have been in trading for quite some time and are quite proficient.  So I would say if you feel you have enough understanding of both technical analysis and psychology then you can do day trading.  Day trading can only be done by those who are very proficient and skilled in trading and many people are also making a lot of profit from day trading.  But if you have little knowledge about trading and if you feel weak then day trading is not for you, you should invest in long term trading.  Long term trading is very profitable and many people do it.  And I myself believe in long term trading.


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March 30, 2024, 05:22:35 PM
 #142

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?
When you buy a coin and hold it long-term, you must be considered a holder. And when an investor buys a coin and just waits for some profit and sells that coin again quickly, it is called day trading. Since you bought some coins and kept them in your wallet for a long time, it can definitely be considered holding. It is possible to make $50-100 daily profit from spot trading but you must start trading with a budget of $5k or more and be an expert in trading. However, you will not get regular profit guarantee



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March 30, 2024, 08:30:23 PM
 #143

Today, traders in stocks or forex are mostly traders among them who are switching to crypto or bitcoin and holding bitcoin and top altcoins because of the bull run that is coming. That is the truth.
There are legit traders who focus on one market and dont move to others recklessly and then there are showoff traders who talk big and dip their hands into non-crypto trading and eventually bring their burnt out faces back to crypto.

Indeed, no one speculative market trading is superior, all have their own pros and cons. But if one person is well versed in a certain type of market, they should keep themselves limited to that one only. However getting a fixed or close to fixed amount every day or month is near impossible because trading is not like a job that pays you a fixed salary. Sometimes you get a good profit sometimes you dont and hence the mindset should be like that only.
I believe that one should always keep learning something new but one should not experiment on anything without learning. I agree with you that trading is not like a job in which one gets a fixed income. I know a lot of people who make a lot of profit in day trading because they have mastery over their work and their market research is huge. They have learned very well when to invest, in which coins, and when to close our trades.

Trading is not a child's play in which anyone can experiment and become successful. I can say that if we understand the market well, we can benefit a lot from it, but this can only be possible if we work hard ourselves, do our research, and do not follow what everyone else says.

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March 31, 2024, 05:35:40 AM
 #144

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 would say no at first because spot trading can earn you $50 to $100 per day. Maybe you are very experienced with crypto trading but no matter how experienced you are you can get hurt anytime due to market volatility. Some times it is seen that even experienced traders are affected just because of the volatility of the market. So many people including us are not so experienced that we can earn 50 to 100 dollars per day through trading.

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March 31, 2024, 06:11:13 AM
 #145

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?
Since you have been in cryptocurrency for years and have a good understanding of the market. Since you have experience in cryptocurrencies, you know how risky trading is. Whether you can earn $50 to $100 per day with Spot trading will depend on your complete trading skills. I don't use trading method to increase investment, I hold investment in my crypto investment until profit is coming from it. If you choose trading to innovate in the field of investment, you need to be very patient, gain a lot of knowledge. I mean if you have extra money which you don't mind losing then with that amount you engage in trading.

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April 02, 2024, 04:44:32 PM
 #146

When you buy a coin and hold it long-term, you must be considered a holder. And when an investor buys a coin and just waits for some profit and sells that coin again quickly, it is called day trading. Since you bought some coins and kept them in your wallet for a long time, it can definitely be considered holding. It is possible to make $50-100 daily profit from spot trading but you must start trading with a budget of $5k or more and be an expert in trading. However, you will not get regular profit guarantee

Profit in trading is not definite so if someone think that they will earn exact bound amount from day trading then they will be wrong because even expert loss some percentage in week or month and sometimes they will loss and sometimes they will win.

For trading one should be fully prepared with knowledge, experience and large amount of money because there is a greater chances that at starting trader will loss big amount so be prepared with large sum and greater knowledge.

May be if you get experience by trading for years then your chances of winning increases but still there is no contract that you will win on daily basis from each trade.



 

 

 

 

 

 


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April 02, 2024, 09:51:06 PM
 #147

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?
Since you have been in cryptocurrency for years and have a good understanding of the market. Since you have experience in cryptocurrencies, you know how risky trading is. Whether you can earn $50 to $100 per day with Spot trading will depend on your complete trading skills. I don't use trading method to increase investment, I hold investment in my crypto investment until profit is coming from it. If you choose trading to innovate in the field of investment, you need to be very patient, gain a lot of knowledge. I mean if you have extra money which you don't mind losing then with that amount you engage in trading.

Thus, trading everyday and earning even a minimum of $50 is very hard what more aiming to earn $100 a day, you can trade everyday yes, you can do day trading but remember you will not always have a win trade or gain profit from your trade, no matter how skillful or knowledgeable are you in trading you will still experience the lose trade, even experts in trading saying that trading is very hard as the currency or market is a very complex and volatile market, so anytime it can changes even you have an higher percentage of accuracy in your analysis or technical analysis everything could change because of the movements in the market youre trading, so maybe aim to atleast earn even small profit everyday, sont set a minimum profit because you will only end up chasing that and might experience more lose than profitable trade, anyway goodluck in your trading career, give some updates sometimes.

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April 02, 2024, 09:55:12 PM
 #148

Leverage is your key if you can't do it with a spot. But it's doable with spot but you have to start with huge capital which seems that it's hard to make it. I've tried to do it before but I can't because of capital of mine was less. If your goal is to do it on a daily basis then you might have hard time doing so. $10-$20 could be doable but you have to check the market at most times and you can imagine how much effort you need to do if you want more of it.



 

 

 

 

 

 


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April 18, 2024, 04:39:52 PM
 #149

Quote from: |MINER|
Day trading can only be done by those who are very proficient and skilled in trading and many people are also making a lot of profit from day trading.  But if you have little knowledge about trading and if you feel weak then day trading is not for you, you should invest in long term trading.  Long term trading is very profitable and many people do it.  And I myself believe in long term trading.
Day trading is good when you have the skills to carry out your training to become successful, but it require huge amount of money before you can earn big profits from it but those who don't have the skills always experience losses from their day trading.

The day trading need steady attention and anything that will make you not to pay attention,  it can result to loss because you need to reduce other business activities so that you can be focus to follow up your training to achieve profits.

I guess long term trading is more profitable than short term trading because when I started day trading in the past, I was earning profits all the time but since I increase my capital to switch to long term trading, I discovered that long term trading is profitable than short term trading.

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