Everyone can make $100 a day with crypto, where you try to buy at low and sell at high, that is not the right way to trade cryptocurrency.
Now our goal is how to earn $100 a day, Does anyone think, it’s possible to earn? Yes, it is possible.
Here are some simple steps to follow:
Learn the Basics
First, you should understand how the crypto market works — prices go up and down based on market demand, news, and trends. For example, if Bitcoin or Ethereum is in high demand, its price rises. You can buy when it’s low and sell when it’s high to make a profit.
Follow Market Trends
Always keep an eye on the market, You see certain coins like Bitcoin, always get more expensive after some good news. you can buy that coin before the news, then sell it after the price goes up and make some gains.
Use Trading Tools
There are some apps and a global cryptocurrency exchange to help you better, tools like stop loss. Then use crypto websites like Trading View Page, Coinmarketcap, Coingecko, and Crypto Bubble.
Start Small
You don’t have to invest a lot of money. Start your trading with a small amount of money.
How to make $100 a day:
you need to follow some smart strategies and be careful.
Here are a few ideas:
1. Day Trading:
If you’re thinking about what day trading means, buying and selling cryptocurrencies within the same day, trying to make a quick profit.
⦁ You have $1,000
⦁ you should make a profit: 1.5% profit ($15 per trade)
⦁ If you do this 7 times a day, you could make $105.
Sure! Here’s a simpler breakdown of the main strategies for trading cryptocurrency, along with additional examples:
2. Scalping
Scalping is making many small trades throughout the day to take advantage of small price changes. You make a small profit on each trade, but you need to do it frequently.
⦁ You have $5,00
⦁ you should make a profit: 0.3% profit ($1.50 per trade)
⦁ If you do this 67 times a day, you could make $100.
3. Swing Trading
Swing trading is a longer-term strategy. You hold on to your crypto for days or even weeks, have to wait for when the price goes up and get the profit.
⦁ You have $2,000
⦁ If the price of something you bought goes up by 5%, you make $100.
4. Arbitrage
Arbitrage is buying cryptocurrency on one exchange (where it’s cheaper) and selling it on another (where it’s more expensive) to make a profit.
⦁ You have $1,000.
⦁ You find a place selling something for less and another place selling it for more. If you do this 7 times, making $15 each time, you get $105.
5. Copy Trading
Copy trading is when you follow the trades of experienced traders. You let them do the work, and you copy their trades to make money.
⦁ You have $2,500.
⦁ If the person you’re copying makes a 4% profit, you also make $100.
6. Bot Trading
Bot trading involves using automated software to trade for you. The bot follows a set of rules and makes trades 24/7 without you having to watch the market constantly.
⦁ You have $1,000.
⦁ You set the robot to make 1% on every trade, and it makes 10 trades for you in a day. That’s $100!
Managing risks is about protecting your money and making sure that losses don’t hurt you too much.
Here’s a simpler breakdown of the tips and some examples:
Position sizing: Don’t invest much money in a single trade. For example, if you have $1000, use $10–20$ on one trade. This way you when the market goes down, don’t lose too much, still most of the money on your hand.
Diversification: Spread your investment in different coins. For example, if you invest money in Bitcoin, if the market moves Doward, you lose everything, so, you should invest in different cryptos, if one loses value other can give profit.
Stop-loss orders: This is like a safety net. for example, If you buy a coin at $100, you can set a stop-loss at $90. If the price falls to 90$, it automatically sells, so you don’t lose more than $10. It helps protect your money if the market turns against you.
Conclusion:
Making $100 a day by trading crypto (like Bitcoin) is possible, but it’s like playing a smart game with money. You need a good plan, be careful with risks, and choose the right way to trade.
Some people trade every day (day trading), some hold for a few days or weeks (swing trading), and some even use robots (bots) to help them trade.
Reference: Make $100 a day training Cryptocurrency.
