Topic: Do you have any methods to do it? - page 5. (Read 1131 times)

You are right that the rate of profit in spot trading is very low compared to futures trading. Even a small amount of money can earn good profits in futures trading. It is not difficult to earn $100  a day in futures trading, but on the other hand, one wrong trade-up can lose all the capital. Future trading does not only require money, it also requires a lot of experience and knowledge. Therefore, futures trading should not be taken lightly. I personally prefer spot trading over futures trading. Here capital is more secure as compared to futures trading. In spot trading there is room for error correction, whereas in futures trading there is no room for error. However, in spot trading, a good amount of money will be needed to earn a $100 on a daily basis.Entry timing is also very important in spot trading, a good entry can give a good profit.

Maybe yes? if only you have a huge amount that invested? or maybe you are doing arbitraging it is either of the too. Spot trading is not so risky if you know what you are investing, getting 50$-100$ with minimal amount only is very possible in futures but the thing is that is riskier  than in spot as always, you should learn the basic first , don't go all in in futures if you don't even try to do spot.

If the question is such, then it can be achieved. But for me personally, I don't prioritize that, because what I'm doing now is just investing for the future.
You are right, to get 50-100 profits every day consistently it requires a large capital and it should also be noted that we must trade on the right coins.
That will be very difficult to do, especially if we are targeting consistent profits every day. And keep in mind, spot is one-way only (not 2-way), which means we can only take profits on the rise.

50$-100$ in spot trading? Yes, but I guess you need at least $10,000 or even more to achieve that. Do you have that amount? If yes then maybe try it.

I might not be a good trader, but profits in spot trading is very slow compare to futures trading. I mean if you really want to generate a "DAILY" income from trading then trading in futures is the way because you always have a chance to earn even higher than $100 as long as you have the money, you have the knowledge, and you have the courage because yes profits there are very easy especially if you did a good entry, but your chances of losing there is way higher than the spot market, and you might get liquidated easily by just entering at a wrong time, and not having a stop-loss.

Overall, that's achievable if you have the money, and the knowledge. If you want to go trade solely on spot then you need huge amount of money to achieve that daily profits. Good luck OP .

Do you think it will bring more profits to you more than the huge amount of incomes you are receiving from your holding? because many traders that applied this method in their trading missed so many incomes in their trading because to get $100 in day trading is very difficult in this season since the price of cryptocurrency is decreasing evey day in the market.  You need to understand that cryptocurrency price is unpredictable which the market price can dump through out a day or  two days and you will not achieve $50 or $60 income from your day trading. You can try day trading since you said you want to try day trading, but don't try with huge amount of capital so that you will not regret when you start experiencing negative results at the end.

Switching from a HODL investor to day trading is a big step and should make sure that is really something you want to do. In case you have enough time and capital at hand to fully focus on day trading than there is no real problem. How big is your starting portfolio? To make 50-100 USD in trading per day is going to be hard, because we making profits continuously every day might not occur when you first start out with as a day trader. Also 100 USD a day, means making 3k USD per month. For such kind of profits, you need to have some decent bankroll beforehand. Let's say you can make 5-10% returns per months than you would need between 30k-60k USD as your initial bankroll to start trading with. It's important to have healthy return expectations for your trading strategies, that is why it should be in relation to your overall portfolio value. The best methods for me are technical analysis, use one or two crypto coins that you are already familiar with and look at the chart analysis tools to identify trends. Once you get used to all these different indicators you can start building a trading strategy on the most reliable ones. 

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.

It's also because there are a lot of people on the internet spreading some things about trading, where they intend to lure these new people telling that, they will make easy money on trading, just to gain some commissions or sell their courses.
What OP needs is impossible to achieve especially if you are new, you need more time to do it, more learning, and more experience needed. And I believe it will not be always profitable day, there could be some bad days.

You can earn from day trading but not in a consistent daily basis. You should know that day trading demands a lot of risk and full attention on the market, so if you are starting to day trade, perhaps you will incur some inevitable losses that you can’t get rid of. Furthermore, you should know that even if you got a big capital for day trading, that is not enough to guarantee you daily profits, because in reality, day trading can be highly profits but its also another way to lose your money quickly so never expect a lot from day trading. Better to focus on long term trading instead.

There is nothing wrong in having a target in mind when you are trading on a daily basis with a specific capital but pushing your limits to reach that target will surely make you take steps that you shouldn't take. A trader needs to be cautious about every move they make because a single mistake can make you lose your capital or get it stuck in a trade that you can't close very quickly, and then you will need to just sit and wait for the market to let you close that trade and release your capital.

Earning $50 shouldn't be a big issue if someone has good enough capital that they can use to make multiple trades per day with only a small percentage of profits but if you have a limited capital and your knowledge isn't enough to make you have multiple trades per day with a good success rate.

Day trading can be a source of high potential profits but it can also be possible that it could be a source of  high financial loss. That’s why a lot prefer to trade at a long term than to day trade which most of the time, these day traders incur more losses rather than seeing possible gains. So my point is, never expect to earn daily profits from day trading. No matter how skilled you are as a trader, the fact that the market is highly volatile, gives you rare chances to be in profits and earn decent income.

As easy as it is to think about day trading, it is more difficult to continuously extract positive results from the market. Because no strategy in the market is effective for a long time, the strategy that will generate you profit, at some point that strategy will work against you and lead you to big losses. So it is not right to expect anything certain from day trading. Because the market will not always react in your favor so that the market will make you more aggressive.

I have seen many traders who were doing well in long trades but they got greedy and got burned in day trading. So whatever you do, it would be a good idea to think it through, because there is a lot of risk involved in day trading, and emotions get involved the most in day trading.

Since you have not had much success in long-term investing, you can make some changes in your plan to create opportunities for success. Since you didn't get the expected profit by investing in top coins so I suggest you don't sell your investments right now and be patient for some more time surely something better is waiting for you. If you have enough money left over from investing in top local coins, you can run your own trading activities in the short term. Although you may not be able to make the amount of profit you mentioned in regular trading, you can do well in regular trading as you already have an understanding of the market. By applying adequate understanding of the market, you take trades at the right time every day and hope you can achieve in that trading.

I don't see spot trading as the way forward for you haven held your crypto for this long. Crypto is on the way to break the world into financial freedom soon.
Going into spot trading might be your option but not a wise one for me reason that it involves losses, you might start losing it when you've waited this long already. Please keep holding your crypto in no time you're going to be glad for holding it this far...

the usual thing in the minds of most people, where to go and what was asked in detail at the beginning was the amount of return from daily trading. I think that is the wrong thing, because you have to have a lot of knowledge in daily trading and that knowledge is obtained from our flying hours, our experience in trading. I think for beginners being able to maintain their capital in just 3 months is good, because if we target early profits, usually our psychology will be disrupted, because we are chasing targets, while trading must be done as comfortably as possible

Depends on how you would be doing it and depending on how you would really be able to make out some good decisions specially that we are dealing with a very volatile market on which it would really be just that normal

that you would really be that struggling and would really be having a tough time considering that we are really that facing up a random market which does have that random movement on which it is really needing that kind of approach which would really be having that good awareness about your actions and sufficient experience on this volatile space. Yes, you can really make money out of those movements but same as you said that not all would really be having that 1BTC which they can outright make it as a trading capital and most people would really be having less which it is really that possible though. In speaking about getting 50 or 100 bucks per day is possible because a single movement could cause whether a loss or a gain. Just like on what others suggestion that it would be better on sticking with Spot trading rather than on futures on which you can still
make out some recovery just incase your position goes south or the price would be opposing with your entry. You could really be still having the chance to recover.

This is why on the answer of this kind or type of question would definitely vary because there are methods and ways but it would be all according into your own analysis and experience on dealing with the market and
of course with the help of your capital which would really be determining about on potential gains and losses that you might be able to get.

Anyone who give you advice that day trading is an easy task, I kid you that they are making joke on you because they are leading you astray to a point of no return. This is very easy during the bull run, it's very easy to earn more than $50 to $100 depending on the size of your trades and the type of coin you are trading, bull market is the type of market you can pull anything and goes your way without much in technical analysis but in time like this of the bear market, you will have more to lose with this type of thinking, there is probability of losing everything with out making a dollar at the end of every 24 hours you have in the mind.

Here is what I will gift you for free, don't project the amount you will make in trades, the focus should be based on to only profit and try possible best to avoid loss, if you do this, you will make more than that amount with proper risk management and good coin, some days you will make a lot, some you may make little and sometimes, nothing at all and when you combine them on monthly and divide the profit by 30 days, you will make roughly that amount, provided that you are very good at trading.

But the risk and reward ratio is significantly higher in this case. Is this really worth investing 30k for 100$ profit in one week? If it was like there isn't any possibility of taking a loss then we can consider this method. I think 30k worth of assets will bring more than 100$ in a week if I stake it in maker dao or some other reputable platform. Perhaps grid trading will be better to achieve this goal.

It will be easy to get if the market is in a bullish market position. But for now, I don't think it's easy because there is no guarantee you can earn $50-$100 every day. Often to get $ 10, we have to wait until a few days, that's also if we are lucky to get the right coins. But it may be possible if your capital is very large and you only choose bitcoin trading over altcoins, where altcoin trading will be more risky to go up or down deeper.

If you want to earn $50-$100, maybe you can try to trade futures with capital above $100. Maybe you still have a chance to get the above benefits. But futures trading is very risky and it is better not to try it if your trading or analytical skills are not sufficient.

It is achievable especially if you have funds to use aside from having the knowledge in the market.
However, there's no guarantee that you can earn such amount in every trade you execute.
Let us give a simple scenario here, if you look at btc the other day -
it increased to more than 30k, but if you bought it at about $29200 and you have 1 BTC, selling it at 30k, you already earned $800.
But it is just a simple logic and not everybody can buy 1 BTC at one go. But what I'm showing is that the probability of earning $50-100 in spot trading is very possible, depending on your cards here.