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?
When you buy a coin and hold it long-term, you must be considered a holder. And when an investor buys a coin and just waits for some profit and sells that coin again quickly, it is called day trading. Since you bought some coins and kept them in your wallet for a long time, it can definitely be considered holding. It is possible to make $50-100 daily profit from spot trading but you must start trading with a budget of $5k or more and be an expert in trading. However, you will not get regular profit guarantee