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?
Since you have been in cryptocurrency for years and have a good understanding of the market. Since you have experience in cryptocurrencies, you know how risky trading is. Whether you can earn $50 to $100 per day with Spot trading will depend on your complete trading skills. I don't use trading method to increase investment, I hold investment in my crypto investment until profit is coming from it. If you choose trading to innovate in the field of investment, you need to be very patient, gain a lot of knowledge. I mean if you have extra money which you don't mind losing then with that amount you engage in trading.