Quote from: Woodie on Today at 04:24:06 PM

Quote from: DVlog on August 09, 2023, 02:12:36 PM

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.

Yep you are a hodler and seems you are invested in alts too which is a good strategy when it comes to spreading risk

Quote from: DVlog on August 09, 2023, 02:12:36 PM

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

With the few years of trading I have to my name, I would discourage anybody trading with an intention of generating a daily profit as this could lead to revenge trading the second you record a loss , and knowing that you can not win on every day best to target a 5-20% ROI depending on account size.

Quote from: DVlog on August 09, 2023, 02:12:36 PM

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?

Very much possible but this depends on account size, and your skill to read chart's as this will give you a better standing on whether to buy or sell the market.

Thanks for your advice. Yeah I know sometimes it can lead to revenge trading when traders record a loss. But I have a money management strategy that is helping me to exclude this emotional behavior from my trading activity. I don't care about the outcome of the trade when I have a working money management strategy. I always stick to my strategy and consider lost trades as a learning lesson.