Topic: Do you have any methods to do it? - page 7. (Read 1131 times)

Yes, this is very possible, some traders can even earn more, all depends on skills and strategy.

To stay making profits from spot trading, the strategy that everyone uses cannot be the same and does always remain unchanged. Theses strategy are always changing and even if you were told now how they do it, the strategy may not be effective in maybe the nest three months and then you begin to loose because you do not know how to observe the market and form strategies on your own.

There are people that do make money from spot trading actually, but what works for someone else might not work for you as those persons must have overtime mastered their respective strategy they using which doesn't mean they didn't had some losses in the forgoing. And might not be able to catch up in managing the risk the way they do. So why not stick to what's working well for you with a minimal loss stead of seeking out for multiple recommendations that you may get confused with.

It's possible but it depends on the capital you'll be willing to invest into trading bitcoin or any other altcoins of your interest. You can't have a trading capital of only $100 or $500 and be expecting to make profits of $50 - $100. You'll need higher capital so when you make 1% -5% based on the market movement you can get a decent profits. The cryptocurency market is dull as  we're in a bear market and the market isn't moving bullish to give high returns daily.

Looking at the market and the percentage increase, only a few projects gets upto 10% daily increase and let say you're trading that project, it means you have to invest a minimum of $1000 in the project to make a 5% - 10% increase that'll give you $50 - $100 on your capital.

The problem between poor people or people in the middle class and rich people is that even the rich people will invest in trading; they don't have any problems at all and can easily put money in, but to poor people it is difficult because first they don't have money, and if they do, there are more priorities like food or their needs, and there is no extra for them. Also, taking risks is like having one foot in the grave because let's say you force yourself to invest, and if you lose, you don't have to,, you'll starve. That is really the sad truth, and poor people like us are really having a hard time earning money, but we do really like to invest, but our financial capability can't.

It's possible if I'm not mistaken, but difficult to do. You really need to have a lot of experience to be able to earn that kind of money, specially in a bear market. So you just don't need the money to begin with, but a lot of time in your hand to be in front of your machine to see the price movement and you also have the technical knowledge to read those lines and take advantage of it. But in any case, why not just target small profits in the beginning and see how it goes for you. You just don't know, maybe you start small and then become successful later.

What do you mean every day? If you mean to liquidate buying and selling orders within 24 hours, then the possibility of achieving a profit of one dollar per day is mentioned according to the investments that you make (from $ 100 to $ 1000), and it may reach 10 to $ 30 if the amount is $ 5000 to $ 10,000.
All of this depends on your plan, but I recommend that you diversify investment methods. For example, a long-term investment for two years will bring you a good return. If you divide this return by the amount of two years, it may be 1-10 dollars, depending on your capital.

So 1 to 10 dollars on an almost daily basis is possible and not an impossible task, but the low risks are the problem because as traders you have to learn how to deal with the loss more than the profit.

Start with a dollar per day trading, and you will reach $10 in a short time, but be careful not to treat it as an income, like a job, but rather as an investment.

There are many people who earn thousands of dollars daily from spot trading and they invest huge amount of dollars for it. so the more money you invest, the more your profit and loss will be. But whatever you do, you must take risks.  But poor people and middle class family members are afraid to take risks.  So it appears that the rich get richer and the poor always remain poor. So if you want to gain in life, taking risk is mandatory

depending on the amount of capital you use for trading, if $ 50 - $ 100 is a 1% profit from the capital you use, then this can be said to be reasonable, day trading is something complicated in my opinion, but if you want to do day trading, I suggest not to be result oriented in mathematical calculations, because the level of risk is higher than investment, it can happen that we lose capital because we are reckless in trading which is not as easy as we think

Getting a hundred per day is tough even if you are a pro at day trading. Remember that day trading would mean more and more intensive monitoring of prices over 24hr. Most professional day traders use bot to get that data and a lot of sleepless nights will occur. It is a toll on your physical and mental health. I don't recommend day trading to a person who is already a holder.

However I can suggest you to try dummy trading with a day trading mindset and see whether you are comfortable with it.

It is normal to trade profit and loss. But there is no guarantee that you will get $50-$100 daily income from spot trade. Some days there will be profit and some days there will be loss. But if you can analyze the market and trade, the loss will be very small. But all of us  Time has to take risk. If we don't have risk, then we can't do anything in life. If we have to stick to the right work at the right time, then we can be successful.

I am very surprising if you only got profit from holding altcoins so far and did not get any loss with them.

Not all altcoins even they are top altcoins will help you gaining profit by holding. Many top altcoins lost their prices from all time highs and never recovered to their all time highs, not yet mention that they failed to make new all time highs. More serious, they die with time so holding altcoins can cause losses, serious losses, not only profit. By that I mean you are very good investor if you only got profit from altcoins.

Trading is not a game for all and most of traders have losses from trading. Do you really think you can belong to minority of traders and will be able to get profit from trading?

$50 or $100 profit from spot trading is possible but it depends on your trading capital. If you have a trading capital like $50,000, it is an easy target. If your trading capital is only $100 or $500, it is a very impossible target.

@OP, Yes, it is very possible; you can even earn more than that, just up to the amount that @MK4 stated, but what you must know is that in trading, your profit is not always certain because the crypto market can really be very volatile and could go against your predicted price, which can result in a loss on your investment. Another thing to consider is how much you are willing to risk, because that will actually also determine the level of your profit, because in Investment, the higher your Invested amount, the higher your profit. Since you said you want to trade sports on CEX, let me give you an example.

Example: Yesterday, Bitcoin went from $29,300 to $30k+, so let's assume you had $58,600 in fiat and you bought two pieces of Bitcoin at $29,300 each, held it for some hours until it got to $30,120, and sold at that price. Your profit would have been $1,640 just yesterday.

Assuming you had $117,200 and invested in 4 bitcoins, your profit would have been double what is stated above in one day.

Also, if you are dealing with an altcoin, perhaps the price for one of those coins is just $0.21, and you bought 60,000 pieces of the coin for $12,600. Then, let's say the price of the coin just moved from $0.21 to $0.23, then your profit would be $1200; that's just one day's profit.

I have only calculated the profit side of the market, but assuming the market goes against you, then you would have some loss on your investment.

So, my point is that you can make even more than $50 in a day, depending on how much you are willing to risk.

$50 per day would require a decently sized capital, which means that you should be accustomed to risking your money. Are you up for that challenge? I used to make approximately $40 to $50 per trade with a capital of approximately $500 to $600, which is about 8% to 10% profit depending on the amount I invested and the occasion, of course. See the keyword I used, per trade. I wasn't conducting transactions on a daily basis; it depended on the market situation and how everything was performing. I'd usually buy BTC, ETH, XLM, or some other coin, hold it for a few hours to a few days at most, and then proceed to sell it. Most of my trades were successful and I never suffered any major losses, but I decided to stop because it was way too time-consuming and stressful.

It's possible, but it's very risky, and it will require a huge amount of capital for you to be able to achieve that with minimum risk. If you have a huge amount of capital, then there is a possibility for you to earn up to $50, at least, by day trading. Let's say you have up to $100,000 in stable coins. You can choose a few coins from the market, either BTC, Eth, or BNB.

With the current market condition, you can see the price is floating constantly, which means you can take the risk of buying every single hour and selling back even if it's $1–$5 added to your purchase. Before you can do that for about 3 times on different coins, you will be able to raise that. But there is also the possibility that if you purchase and wait for the price to go up a bit, it might turn against you, so you will definitely have to be considerate when you choose to enter the market.

This definitely depends on the capital without a doubt. We haven't seen OP say what his capital is, but if we are talking about like a million dollars then of course its possible and if we are talking about 100 dollars then its of course not possible. Yes the amount per day matters, but what matters most is the capital. Someone who has 100 dollars will not double it per day, and someone who has 1 million dollars could make one investment, and can make 36.5k a year, just hold bitcoin, even in a few days with a bit of increase that can happen easily. So as you can see, the "possibility" of it depends on the capital, the greater the capital the greater the chance.

Hmm, it's quite simple to explain the method a day trader can easily make a 1% to 3% profit from a good market trend. Remember 1% to 3% can be higher if you are in aggressive bull rally up to 5%. To make 100$ to 50$ you need to have enough capital investment to meet your requirement in the 2% or 3% profit = to the 50$ t 100$.

There is no need for rocket science or unknown strategies simply follow your analysis keep an eye on the market development and be careful while taking trades with prevention measures.

I'm not successful in it but based on what I am reading from the other successful traders, they're into the charts actually and applying most of the methods that you probably know and how they read it. There's no secret or exemption to what they're applying to their trades. I know that you've got already some experience on how it goes but you really need to make a trial and error run for your trades. Test every possible method that you know and see to it on which of them is the most applicable and working to you, you'll see that on which is the most effective when you've made some wins.

The amount of capital to start a trading is not really the issue because if you know your charts and analysis you can gradually build your capital to the range where your $50/$100 daily target will not cause panic on your account but the major issue is doing it to work that out. You are a hodler and obviously you don't know anything in trading like you didn't say that. Asking what method is a misplaced question because it is assumed that you don't know any method yourself. So the first you need to do is to learn a bit of trading and come back to ask questions. There are some information here, google, YouTube and many others that you can stay with and gradually things as the trading terminologies, techniques will start sinking in to you.

Daily income from day trading is possible if you know how to analyze the market and become an expert in trading. But to make $50-$100 daily profit from spot you need to trade at least with $5000. Otherwise you will not be able to make such earning daily but crypto trading never guarantees profit so no one can guarantee that you will make profit every day.  You can lose a single day and the losses can be big. However, crypto trading requires the ability to take risks

Mate you can earn as low as $1 per day to as high as $999,999 per day; just like how sky is also the limit when in business. It’s just going to depend on how good you actually are and how much money you’re willing to risk.