Do you have any methods to do it? - page 3.

justdimin

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Quote from: Rupok on October 02, 2023, 07:40:28 AM

Trading really depends on experience. As trading is unpredictable it may not be possible to earn the amount you mentioned by trading daily. As there is profit loss in trading then you may face loss. But it may happen that you can earn more than the amount mentioned. There's really no way to say for sure.I personally like spot trading and sport trading can earn good amount of profit.But if the capital is more, the amount of profit is also more.

The more experience you gain, the bigger your capital should become. The logic is that if you are someone with a great trading experience then you should be making profit, and if you are making a profit that means you should be trading with more money, and if you trade with more money that means you should be making more profit. So that type of logic makes sure that someone with a lot of trading experience could end up making a lot of money, more than you can spend, because your capital will keep on growing.

Most wealthy people do not even spend money they have, they take a loan against the money they are using, which is even bigger return since that saves you from being taxed as well. So all in al, I would say it can be done, and it only requires you to constantly keep getting better.

_Hiloveua_

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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 around crypto for a long time, from what I know, you have a good understanding of one. So you hold some coins for better benefits. And you need good experience if you want to earn in spot trading. And I think that what you want to do will be very risky.

That's why my suggestion is that you just invest and sell as soon as the price rises by 12-20%. And I think it is better to stay away from spot trading.

TheSpiral

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Quote from: Uruhara on September 02, 2023, 02:53:11 AM

For someone who is skilled at trading on the market, such as daily traders, making profits every day seems to be possible. But the problem is that not everyone can become a reliable day trader. I am also studying to become a day trader. And yeah I'm still not proficient. I still have more to learn. Because each of me often messes up by leaving the analysis that I have made. But one thing that is certain in trading on the spot market is that we must have quite large capital if we want to easily get daily profits of up to $50 USD per day.

I have an acquaintance who is also a day trader. But he said that not every day he can get maximum profits.

If a person has keen interest and give time to trading to visualize the condition of market then there will be no problem in gaining profit on daily basis but if you don't give your precious time to understand and evaluate the strategies then there will be difficulty for attaining of your wishes.

If you are expert then you can also earn more than 100$ because it totally depends on your activeness and expertise and your money will also play an important role as your higher sum will offer you higher return.
I think that if a person is not well in experience then daily return is difficult for him and also there is a possibility that you will loss on daily basis.

benalexis12

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

In my experience, when I do day trading, usually on the spot, the amount I use is around 30 to 50 dollars. During the whole day, my time frame is only 1 hour and is often extended because there are no changes in movement. , so overall in 1 day it is around 2-3$, but depending on wild volatility, it can be higher than that.

So, I think that if 50$-100$ profit a day is a large amount you need to use in day trading, it depends on your skills and understanding of trading. That means it's not easy to earn that in one day just for my assessment.

Rupok

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Trading really depends on experience. As trading is unpredictable it may not be possible to earn the amount you mentioned by trading daily. As there is profit loss in trading then you may face loss. But it may happen that you can earn more than the amount mentioned. There's really no way to say for sure.I personally like spot trading and sport trading can earn good amount of profit.But if the capital is more, the amount of profit is also more.

lixer

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Quote from: Kelvinid on August 21, 2023, 05:26:43 PM

Quote from: Peanutswar on August 21, 2023, 07:11:45 AM

Based on your statement you've already got experience and in spot trading with large profits, $100 is not enough to catch up with those target demands, instead at least almost 500 to 1000$ just to manage the number of profits you want but with this price movement I guess you just need to keep aware with the market price currently the bitcoin is just sitting around of 26-30k USD now unlike before trying to break the 33-35k USD price. If you want to trade I guess 4H time frame is suitable for you and not into a 1D or 24H price movement.

Even if he has $500 - $1,000 it is too difficult to have a consistent way of earning every day, especially when the price suddenly drops just like these days. Because if that it happens that we spend all the capital and then the price drops, you can't do anything, you can't sell them and lose but really have to wait until the price rise again which makes you hold and waste many days without a profit. That is why I couldn't say that earning everyday is possible unless if we really have a huge capital as $1000 is not enough.

That's right, a higher capital would allow you to buy the dip after you have bought an asset and then sell them both when the price goes above the position where your first buying point was, this way, you won't waste any time since you will earn more profit for the time that the market could waste of yours. But, if you have a limited amount and you get stuck in a single trade, the market sometimes can take months and years to recover from a dip.

The bottom line is, it is possible to earn $50 to $100 but maybe not every single day. You might earn $30 today, $70 tomorrow, and then there might be a gap of a few days before you get some profit again. That is how trading works unless you are scalping for very small portions of profit which is more difficult to do.

Uruhara

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

For someone who is skilled at trading on the market, such as daily traders, making profits every day seems to be possible. But the problem is that not everyone can become a reliable day trader. I am also studying to become a day trader. And yeah I'm still not proficient. I still have more to learn. Because each of me often messes up by leaving the analysis that I have made. But one thing that is certain in trading on the spot market is that we must have quite large capital if we want to easily get daily profits of up to $50 USD per day.

I have an acquaintance who is also a day trader. But he said that not every day he can get maximum profits.

Dzwaafu11

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

Do you have the amount that can generate this profit for you daily? And can you afford to lose the amount of that money because, to get this kind of profit a day in trading, you must get a huge amount of capital before you can get the kind of profit you mention, and don't forget that it will also be at higher risk, However, I think you should keep greed to one side and focus, then invest the amount you can afford to lose. Don’t say you must get this money daily. Because for me, this profit you are talking about will be impossible to get from trading, as you said, daily.

Quote from: Bushdark on August 21, 2023, 01:09:21 PM

It is very obvious that many persons want to make money from trading but the problem is that they don't know how to trade. For one to be able to get this skill, it is very important for them to learn because anything that involves finance should not be taken for granted.

Exactly what is affecting some people in trading, especially the newcomers, is that most of them jump in without much knowledge about it; they only hear that they can make money from trading, and they forget the risk that is involved until they start and start losing their funds. Having knowledge about where you are putting your lifesaving money is very important, and you know some of these people only hear about trading or see some of their friends or relatives doing it instead of learning they didn't, and start which is very bad because they won’t get anything from trading if they continue.

wxa7115

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Quote from: Altryist on September 01, 2023, 08:33:10 AM

Quote from: Bushdark on August 30, 2023, 03:12:44 PM

There is a big difference between trading and investing which people need to understand although we can make quick profits from trading if we know what we are doing. Investing is all about choosing the right coin project and using you money to buy the coin waiting for when it will be launched before you can take you money from it.

Those would under more about tracing would see that it is very different from each other. You can make quick profits from investment if you put you money in a good promising project and waiting for when the market is going to appreciate before selling the holding.

Often the reality is that trading also takes a very long time before you start making money. Your trading path cannot consist only of profitable transactions, there will also be unprofitable ones, and perhaps even long-term investment can ultimately bring better results than trading. Although at first glance it may seem that trading is fast money, it is not.

And this is true in almost any industry too, I mean if suddenly you decided to become your own boss and you create your own business then it is likely that your business will remain unprofitable for months or even a year, with this in mind anyone that wants to become a trader needs to consider the very real possibility they are going to suffer many losses at the early stages of their trading career.

However many traders do not think in this way, get surprised when things do not go according to their plan and get discouraged by it, to the point many stop trading and try to find another activity from which they could obtain profits.

MURONDI

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

Method:
- I Learn about trading assets and strategies.
- I use technical and fundamental analysis.
- I Develop a clear trading plan with entry and exit points.

Risk management:
- I Set a stop-loss order.
- I Limit each trade to a small percentage of capital (e.g. 1-2%).
- I Diversified portfolio.
- I control my emotions and stick to the plan.
- Be aware of market hours.

Remember, trading involves volatility, and there are no guarantees. Start small, practice, and consult an expert if necessary.

Altryist

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Quote from: Bushdark on August 30, 2023, 03:12:44 PM

There is a big difference between trading and investing which people need to understand although we can make quick profits from trading if we know what we are doing. Investing is all about choosing the right coin project and using you money to buy the coin waiting for when it will be launched before you can take you money from it.

Those would under more about tracing would see that it is very different from each other. You can make quick profits from investment if you put you money in a good promising project and waiting for when the market is going to appreciate before selling the holding.

Often the reality is that trading also takes a very long time before you start making money. Your trading path cannot consist only of profitable transactions, there will also be unprofitable ones, and perhaps even long-term investment can ultimately bring better results than trading. Although at first glance it may seem that trading is fast money, it is not.

promise444c5

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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 totally but there's a saying "don't trade what you can't afford to lose " those that brought that up aren't crazy because even if you give it to an expert or you an expert in analysing . Your probability will always be 4.5/5 at the highest the remaining 0.5 can make you loose you might be confident and not expecting any loss but luck goes against one sometime. So my advice, can you afford to lose that capital if not you will have issues with your emotions even after placing your trade which might even make you optout at an unripe level

Japinat

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Quote from: Yamifoud on August 13, 2023, 08:34:54 PM

Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

That seems possible and the only thing you can do is to;
- enough capital ( $1,000 or more)
- effective strategy
- knowledge and skills ( TA is part of it)

Though you are not new in the crypto market, however, never underestimate trading. What I could suggest to you OP is to focus first on learning trading stuff and start with a little amount until such time that you can say yourselves that you are totally ready for this thing.

Right. Level up your trading skills first before you can say you’re now ready to take a bigger risk in trading. Although spot trading can possibly achieve daily decent profits, but it greatly depends on the trader’s experience and expertise as well. Some can trade and end up with significant profits, while others have the passion to trade but still end up losing. That’s why improve your trading stuffs first, and start trading with a minimal amount and let’s see if you can bear the losses.

Gallar

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

I want to try day trading methods to generate a daily income from the spot market.

What I know from the spot market, it's as simple as just buying, holding and selling. So if you want to earn daily income from the spot market. You just need to make those trades consistently. Whether it is consistent in terms of time or in terms of market analysis. Because to get a daily income from trading crypto on the spot market, to be honest, for me personally it's quite difficult, especially if you want to get a sizable income. Therefore consistency is very necessary in spot (daily) trading.

Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

Certainly can. But to get profit every day, I think it is very difficult. Because this is trading, and logically trading means the income will not be certain. Apart from that, what you also have to consider is the matter of capital. Because capital has a big influence on the size of your income in crypto trading. Because the greater the capital used, the greater the possibility of getting a sizable income. Then what must be considered again is the crypto that will be targeted. Because each cryptocurrency has different price movements. So try to choose a cryptocurrency that has high price volatility or one that has a high market capitalization.

joker1313

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Quote from: DVlog on August 09, 2023, 09:12:36 AM

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?

yea with a bigger capital like 10k, you can easily make that much . but make sure to keep your stop losses at point. with crypto in spot you can always hold the coins if anything goes south . so all the best to you

dunfida

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Quote from: Bushdark on August 30, 2023, 03:12:44 PM

Quote from: savetheFORUM on August 30, 2023, 09:04:26 AM

Quote from: Peanutswar on August 21, 2023, 07:11:45 AM

Based on your statement you've already got experience and in spot trading with large profits, $100 is not enough to catch up with those target demands, instead at least almost 500 to 1000$ just to manage the number of profits you want but with this price movement I guess you just need to keep aware with the market price currently the bitcoin is just sitting around of 26-30k USD now unlike before trying to break the 33-35k USD price. If you want to trade I guess 4H time frame is suitable for you and not into a 1D or 24H price movement.

If he did, why would he create the thread? The experience he have is not in trading but it was investing and the profit he got here is only decent. Decent doesn't always mean large, so 100 dollars might be a good amount for him.

This isn't only about the money but he said that he want to try something new. Don't demand large amounts for now because like I said earlier, he is still a newbie on it. In trading or investing, it is important to be aware about the price action. BTC price might be lower than last time but as long as volatility is still there, it is still possible for us to earn a profit on it. Also, BTC can recover and it can exceed $33k-$35k later on.

There is a big difference between trading and investing which people need to understand although we can make quick profits from trading if we know what we are doing. Investing is all about choosing the right coin project and using you money to buy the coin waiting for when it will be launched before you can take you money from it.

Those would under more about tracing would see that it is very different from each other. You can make quick profits from investment if you put you money in a good promising project and waiting for when the market is going to appreciate before selling the holding.

Trading or investing, it would really be sharing up with the same goal or target on which on how to make profits or make money.It do really varies or differ when it comes on how its been done but in overall it is really just that the same. If we so speak about getting that $50-$100 a day then it is really that something that would really be easy specially if you do have that small capital but if you have bigger then for sure you would definitely be seeing this as peanuts but of course using up that bigger capital would really be putting you up on so much risks that you wont really be that even able to avoid on total wreck or huge negatives on the time that
the market would really be opposing basing up on what you had predicted or assuming out. Methods and ways could really vary on each individual on which it would really be just that right that you should really
be needing to adjust and make yourself stick on ways or methods on which you do seem that you could really be able to do so.

Bushdark

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Quote from: savetheFORUM on August 30, 2023, 09:04:26 AM

Quote from: Peanutswar on August 21, 2023, 07:11:45 AM

Based on your statement you've already got experience and in spot trading with large profits, $100 is not enough to catch up with those target demands, instead at least almost 500 to 1000$ just to manage the number of profits you want but with this price movement I guess you just need to keep aware with the market price currently the bitcoin is just sitting around of 26-30k USD now unlike before trying to break the 33-35k USD price. If you want to trade I guess 4H time frame is suitable for you and not into a 1D or 24H price movement.

If he did, why would he create the thread? The experience he have is not in trading but it was investing and the profit he got here is only decent. Decent doesn't always mean large, so 100 dollars might be a good amount for him.

This isn't only about the money but he said that he want to try something new. Don't demand large amounts for now because like I said earlier, he is still a newbie on it. In trading or investing, it is important to be aware about the price action. BTC price might be lower than last time but as long as volatility is still there, it is still possible for us to earn a profit on it. Also, BTC can recover and it can exceed $33k-$35k later on.

There is a big difference between trading and investing which people need to understand although we can make quick profits from trading if we know what we are doing. Investing is all about choosing the right coin project and using you money to buy the coin waiting for when it will be launched before you can take you money from it.

Those would under more about tracing would see that it is very different from each other. You can make quick profits from investment if you put you money in a good promising project and waiting for when the market is going to appreciate before selling the holding.

savetheFORUM

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Quote from: Peanutswar on August 21, 2023, 07:11:45 AM

Based on your statement you've already got experience and in spot trading with large profits, $100 is not enough to catch up with those target demands, instead at least almost 500 to 1000$ just to manage the number of profits you want but with this price movement I guess you just need to keep aware with the market price currently the bitcoin is just sitting around of 26-30k USD now unlike before trying to break the 33-35k USD price. If you want to trade I guess 4H time frame is suitable for you and not into a 1D or 24H price movement.

If he did, why would he create the thread? The experience he have is not in trading but it was investing and the profit he got here is only decent. Decent doesn't always mean large, so 100 dollars might be a good amount for him.

This isn't only about the money but he said that he want to try something new. Don't demand large amounts for now because like I said earlier, he is still a newbie on it. In trading or investing, it is important to be aware about the price action. BTC price might be lower than last time but as long as volatility is still there, it is still possible for us to earn a profit on it. Also, BTC can recover and it can exceed $33k-$35k later on.

wxa7115

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Quote from: bitgolden on August 21, 2023, 11:53:04 PM

I think people do not like to do the same thing over and over again, there could be some issues regarding that for sure. I think it is going to be quite important to just keep it fresh and change some stuff and check new stuff as well. That doesn't mean you need to forget about the old method, if you are making money with it then you will keep using it, if you are not making any money with it then you are not going to end up doing anything.

Just constantly think about either leaving that aside, or going back to that based on your research. People just simply like to check new strategies and that is something understandable, I do not see anything weird about it, I do that too and check out new strategies just in case.

While doing the same over and over again is without a doubt boring, I really think people have the wrong idea that their jobs should be fun and something they want to do.

Now there is a handful of individuals that love their job and as such they do not feel they have worked a single day of their lives, but they are an exception, the rest of us needs to do things we find boring or that we do not even like in order to earn a living, and if someone out there has a good strategy to trade the markets which earns them money but that is boring to use then they need to overcome those feelings and trade with that strategy anyway, as there a great deal of traders out there which would love to be on their position since they cannot earn a dollar on the markets despite their best efforts.

KingsDen

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Quote from: bitgolden on August 21, 2023, 11:53:04 PM

Quote from: KingsDen on August 21, 2023, 09:26:41 AM

If the method you are using is working for you, why trying spot trading. Then, if you fell you want to try spot trading why not start it moderately or with a small capital and see how it works before you target yourself.
Having a daily target of 50$ - $100 is disastrous and it will set you up to distress such that you will not be able to control your emotions.
One other thing to consider is that you didn't regard loses, when you average the loses you will encounter and consider the anticipated profits, you will be able to land on a more realistic target. Don't forget that for you to have big profits, you must have big funds or higher leveraging risk. So, it will be nice to start up small and increase later.

I think people do not like to do the same thing over and over again, there could be some issues regarding that for sure. I think it is going to be quite important to just keep it fresh and change some stuff and check new stuff as well. That doesn't mean you need to forget about the old method, if you are making money with it then you will keep using it, if you are not making any money with it then you are not going to end up doing anything.

Just constantly think about either leaving that aside, or going back to that based on your research. People just simply like to check new strategies and that is something understandable, I do not see anything weird about it, I do that too and check out new strategies just in case.

The idea of people not wanting to do a particular thing for a long time comes to play when that becomes boring and does not produce the desired result. The result I mean is money, if you are doing a static job but getting big pay from it, you can never be bored of the work unless you have already gotten enough money for yourself. Funny enough no money is enough for an insatiable human nature.

Then, if anyone have to try out another thing apart from what they have been doing consistently, they need to start up little by little. So, Op needs to start trading without target and if he can be able to make $50 daily for 5 days, he can use that as his target.

Topic: Do you have any methods to do it? - page 3. (Read 1145 times)