Cryptocurrency Q&A
How much money do you need to make 100 dollars a day day trading?
How much money do you need to make 100 dollars a day day trading?
Rosalia
Sun Sep 22 2024
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6 answers
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I'm curious, for someone looking to make $100 a day through day trading, what kind of capital investment would be necessary? Is it a significant amount or is it something that can be achieved with a modest starting point? Also, how much volatility in the market would one have to anticipate and account for to maintain that daily profit goal consistently?
6 answers
Andrea
Tue Sep 24 2024
Trading activity should be focused on quality over quantity, with traders aiming for a few profitable trades each week rather than constant, small transactions.
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MysticChaser
Tue Sep 24 2024
Achieving consistent daily profits of $100 in the cryptocurrency market typically requires a larger initial investment. A realistic starting point for many traders is around $4,000 to $5,000.
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MysticStorm
Tue Sep 24 2024
This amount allows for a more diverse portfolio and a cushion to absorb potential losses, increasing the chances of reaching the daily target.
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Valentina
Tue Sep 24 2024
However, it's important to note that generating $100 daily doesn't happen overnight. It involves strategic planning, market analysis, and patience.
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Andrea
Mon Sep 23 2024
By aiming for a total weekly profit of $500, traders can gradually build up their daily earnings over time.
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