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?
You want to make a change, right? and you want to try to earn trading 50-100 dollars a day, right? That earnings is possible, but it depends on the level of knowledge you have in the trading op. In my experience, if you trade a large amount of money in one day in trading, it is possible in futures, perpetual, margin and derivative, and even spot.
But like I told you, that depends on the knowledge you have in trading. The question is, is the trading operation deep? because if it's just basic, I think that's enough to get the earnings target you want. Also, for your information, there is no fixed amount of profit in trading.