Do you have any methods to do it? - page 4.

KingsDen

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Quote from: bitgolden on August 22, 2023, 12:53:04 AM

Quote from: KingsDen on August 21, 2023, 10:26:41 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.

awik p

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Quote from: bitgolden on August 22, 2023, 12:53:04 AM

Quote from: KingsDen on August 21, 2023, 10:26:41 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.

Experiments on new strategies are indeed needed to enrich the trading strategy system, so that later we can find out market situations and conditions so that we can use the right strategy system for that. However, it is better to sort accounts from different trading strategies, so that we can monitor the advantages and disadvantages of the system used. after that we can target how much profit from each system is used, along with we can also calculate the level of risk, and that is a consequence

peter0425

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Quote from: DVlog on August 09, 2023, 10:12:36 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.

this is something really hard and risky mate , but once you manage to understand and made your way up? surely you will become more than a winner from your day trading and of course Holding.

Quote

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?

actually you must tell us how much capital you need to use? because don't expect that amount to earn when you only have few bucks of capital .

but sometimes try use stop loss for more functional and safe trading.

bitgolden

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Quote from: KingsDen on August 21, 2023, 10:26:41 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.

taufik123

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Quote from: Kelvinid on August 21, 2023, 06:26:43 PM

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.

$1000 is actually enough, only how can we do financial management to divide this money as the main trade and set it aside as a reserve?
Maybe use 30% first, The profit is indeed small, but if it is done continuously it will produce a pretty good profit.

Consistent or not depends on how a trader can read charts and perform analysis, because that must be the main capital.
If you only have instinct, then forget about consistent income.

Futures trading can also be a place to double money for those who already understand.
$1000 can even be $2000 or even $10,000, just how to do a good analysis and strategy, Nothing is impossible, but it takes learning.

Kelvinid

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Quote from: Peanutswar on August 21, 2023, 08:11:45 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.

Fatunad

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Quote from: Distinctin on August 21, 2023, 03:04:47 PM

Quote from: DVlog on August 09, 2023, 10:12:36 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?

Day trading is indeed more risky and more challenging than long term trading. Because even pros and veteran traders in this type of trading still end up losing no matter how good they are in analyzing the market. However, despite of how risky day trading is, there are still who make outstanding profits from it but if you mean getting a daily fixed income out from day trading, I doubt you can actually do it. Day trading is way more unpredictable. You think you can take advantage on the daily trading market, but in reality everything that seems easy path end up even more scary and risky. The reason why I don’t encourage day trading especially for those who have never established years of experience trading in the market.

Only a few could really be able to get that skill in speaking about daytrading and the rest would really be going after for swing trades or long term trades which we know that most of people would really be sticking on holding that a particular period of time on which it is really that something very common. This is why to those people who do able to sustain that short term or day trade are the ones who do able to sees out those possibility on making profits in short time but the level of risks is higher though and this is something that you would really be needing up to mind on and not all people could really be able to afford on dealing up with something like this specially on active manner in terms of dealing with volatility. $50-100 a day on spot on a very less risky manner would really be needing that huge capital for you to be able to have
these kind of gains which is something that you are targeting but of course the risks is there since market is really that totally unpredictable and despite on having that low odds or getting few % of your spot position
wont assure that you would be able to make profits on that single day.

Distinctin

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Quote from: DVlog on August 09, 2023, 10:12:36 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?

Day trading is indeed more risky and more challenging than long term trading. Because even pros and veteran traders in this type of trading still end up losing no matter how good they are in analyzing the market. However, despite of how risky day trading is, there are still who make outstanding profits from it but if you mean getting a daily fixed income out from day trading, I doubt you can actually do it. Day trading is way more unpredictable. You think you can take advantage on the daily trading market, but in reality everything that seems easy path end up even more scary and risky. The reason why I don’t encourage day trading especially for those who have never established years of experience trading in the market.

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Quote from: Peanutswar on August 21, 2023, 08:11:45 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.

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.

Op is already an investor which is the same like someone trading in the spot market and now he want to go fully into trading which is a good move and risky too. The cryptocurrency market especially for the future traders is quite risky because of market volatility and anyone that donet understand the market or trade against the market trend would be ready to eat up loses.

KingsDen

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Hello Leo! You can still win.

Quote from: DVlog on August 09, 2023, 10:12:36 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?

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.

xSkylarx

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Quote from: jeraldskie11 on August 19, 2023, 06:24:52 PM

Quote from: sulendra12 on August 19, 2023, 05:58:33 PM

Quote from: DVlog on August 09, 2023, 10:12:36 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?

You do need not a small amount of capital to start with first. Pretty sure there are tons of YouTube videos talking about this, especially scalping or day trading.

I've tried it quite a lot, although I don't trade everyday because the lack of time but it generates a pretty decent profit with small amount of capital to start with. You might want to check that out.

There is no set amount of funds required to begin trading. It is entirely up to you how much money you can afford to put into your account. You must be careful not to all in your capital, especially if you are trading futures and hoping for a high ROI every trade. However, making $50 every day with such a small sum is unrealistic. Find a strategy or plan that will allow your capital to survive in the long run, regardless of how tiny the profit is.

You are right; it is impossible to earn $50 daily if your capital is just $10. You can earn it if the market is in your favor, but it is not always. Those who earn that amount daily have thousands of dollars in capital, and it doesn't mean that they didn't lose; the risk is high, but the reward is also high. In trading, it is not really stable to earn that amount; there are days that you can get that or double it, and there are days you'll lose, so it is better to not rely on it. Also, just as a suggestion, as you've been into trading for a couple of years, try to achieve $20 daily if you can before aiming higher.

Peanutswar

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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.

_BlackStar

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It is possible to earn $50 - $100 per day - but of course you need to have a sufficient budget to start with.
Either way, there are some useful methods to employ as the best way to make a profit - but there's always the risk that it might work against you.

Day trading is what I mean - but not many traders are able to maintain consistent profits and they are only left with losses in the long term. It could be that all the profits you made in a month are used up in a day due to unforeseen circumstances - so it's better to avoid it than to get too excited.

crwth

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Having that much daily would give you so much freedom in things you might want to do. It's doable if you are trading with the right capital and being consistent with your trades and not so much looking at the short term but a long-term thing, and that's one that you can do if you are serious about it. The important thing in trading is deciding when you will take your losses. I think having to decide to cut it and not be affected by the emotions that you have is challenging whether or not you are pushing the trade. That's why bots are great when it comes to these things.

wxa7115

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Quote from: DVlog on August 09, 2023, 10:12:36 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?

Assuming you are looking for 100 dollars per day that translates in 36k dollars in a single year, now can that be achieved? I think is possible but your starting capital will should reach at least 100k, and even then there is no way to be sure you will obtain those profits in a consistent way.

For example you could start your journey with a few losses and you could lose money for months before you could see brighter days and achieve the profits that you are looking for, in fact I will say those drawdown periods are what kills traders at the end, as after months of losses they cannot endure it anymore, take a dumb risk and then lose enough money that makes a recovery impossible.

Bitcoin_people

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Quote from: DVlog on August 09, 2023, 10:12:36 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 are a wise trader and you have enough patience that's why you invest and hold your local cryptos. Basically crypto trading is a matter of patience, if you are patient you can definitely succeed once in a while but if you lose patience you will never succeed. But as a wise trader you can earn good money daily by trading but you must be a bit experienced in it only then it is possible. If you do spot trading it is possible to earn $50/$100 dollars per day but you must invest a good amount of money here. Although this trade takes a lot of ricks but if you are trading from a position where you can see the desire to profit start from there. Although there is volatility in the market but you have to suffer this volatility some times and many times you can make good amount of profit. In that case, you must do a good analysis of the market before starting the trade, which will lead you to the constant search for income.

jeraldskie11

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Quote from: sulendra12 on August 19, 2023, 05:58:33 PM

Quote from: DVlog on August 09, 2023, 10:12:36 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?

You do need not a small amount of capital to start with first. Pretty sure there are tons of YouTube videos talking about this, especially scalping or day trading.

I've tried it quite a lot, although I don't trade everyday because the lack of time but it generates a pretty decent profit with small amount of capital to start with. You might want to check that out.

There is no set amount of funds required to begin trading. It is entirely up to you how much money you can afford to put into your account. You must be careful not to all in your capital, especially if you are trading futures and hoping for a high ROI every trade. However, making $50 every day with such a small sum is unrealistic. Find a strategy or plan that will allow your capital to survive in the long run, regardless of how tiny the profit is.

sulendra12

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Quote from: DVlog on August 09, 2023, 10:12:36 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?

You do need not a small amount of capital to start with first. Pretty sure there are tons of YouTube videos talking about this, especially scalping or day trading.

I've tried it quite a lot, although I don't trade everyday because the lack of time but it generates a pretty decent profit with small amount of capital to start with. You might want to check that out.

Mayor of ogba

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Quote from: DVlog on August 09, 2023, 10:12:36 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?

Making $50-$100 daily on spot trading is not an easy thing to do. Before you can make such profit daily you must have a huge capital, you can't buy a token for $10 and expect to get $50 profit from it. All I can tell you is that if you do not have any strategy that will guide you on that just stick with holding. Like people we say if you don't hold you will not be rich.

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Quote from: Kasabus on August 14, 2023, 05:54:04 PM

I don’t see it wrong to explore day trading at some point, but what makes it wrong is to expect daily profits like $50 or $100 as you’ll find it hard to make it happen especially if you are not used in doing high risk day trading. Even successful day traders cannot guarantee profits daily, so how much more for a beginner day trader like you.

You know my suggestion is, you can try to do day trying but never set a fixed amount for your profits. Otherwise, you’ll end up in frustration. Also, know that day trading requires bigger capital, at least you’re aware about it.

Good point here, i could remember i had this mentality back then but end up not meeting up because truth to be told trading is difficult to even make $5 in the market now take a whole lot of patient, just like am trying to grow a small account on forex with lot size of 0.01 , now imagine the low risk lot size volume Huh

meaning a trade needs to move 50 pips for me to make $5 in the market. And if we look the financial market deeply with all the whole stuff happening in the world at the moment trade hardly play out to your direction, which you cant even hold a trade till next day due to BROKERS manipulation to HUNT your STOPS.

Topic: Do you have any methods to do it? - page 4. (Read 1068 times)