Making £100 a Day Trading Crypto: The Harsh Reality

robot
Abstract generation in progress

I’ve spent years chasing that elusive “stable income” from crypto trading, and let me tell you - the £100 daily target is both simple and utterly deceptive.

Why £100? Because we’re all bloody dreamers

We all fancy the idea of making £3,000 monthly from our laptops, don’t we? Enough to tell your boss to sod off eventually. But here’s what nobody tells you: it’s technically possible but brutally difficult. I’ve seen more accounts get wiped than succeed.

What you ACTUALLY need before starting

  • Capital: You need £2,000-£5,000 minimum. Anyone promising results with less is taking the piss.
  • A trading platform: Any major platform will do, they’re all taking your money one way or another.
  • Risk management: I try to stick to 1-2% per trade but always end up risking more when I’m down. Don’t be me.
  • Trading strategy: You’ll likely develop five different ones before finding something that doesn’t completely fail.

Trading methods that MIGHT earn you £100 daily

Day Trading

I spend hours glued to charts trying to profit from tiny movements. It’s exhausting, frankly. When BTC moves 2% and I catch it right, that’s £100 on a £5,000 position. When I’m wrong (often), it’s beans on toast for dinner.

Scalping

This is madness - dozens of tiny trades hoping for 0.2-0.5% gains each time. I’ve tried it. My nerves are shot, and my profit/loss ratio is questionable. Only for the truly obsessed or possibly unhinged.

Swing Trading

Less stressful but requires patience I don’t have. Bought SOL at £160, watched it drop to £150, panicked, sold, then watched it climb to £180 the next day. The story of my trading life.

Leverage Trading

Pure gambling dressed in financial clothes. I once turned £500 into £1,500 using 5x leverage… then lost £2,000 the next day. The house always wins eventually.

A typical trading day (in my dreams)

Starting with £2,500:

  • Trade 1: +1.5% = £37.50
  • Trade 2: +1.2% = £30
  • Trade 3: +1.3% = £32.50 = £100 profit

Reality? One bad trade, and I’m chasing losses all day.

Tools you’ll need

  • TradingView - where I draw fancy lines that the market promptly ignores
  • Trading platform app - for making panic trades while on the toilet
  • CoinMarketCap - to torture myself with what I could’ve bought
  • Trading bots - if you fancy automating your losses

The truth no one admits

Some days I’m up £200. Other days I’m down £300. This isn’t a stable income; it’s sophisticated gambling. The market doesn’t care about your £100 daily target.

Final thoughts

Making £100 daily trading crypto is possible, but treat it like a proper job, not a get-rich scheme. Most days I make less, some days more, many days nothing. And I’m still not sure if I’ve beaten index investing over the long run.

#TradingReality #CryptoGambling #MarketMadness #TradingStruggles #PortfolioRollercoaster

BTC-0,69%
SOL0,24%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)