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.
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Making £100 a Day Trading Crypto: The Harsh Reality
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
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:
Reality? One bad trade, and I’m chasing losses all day.
Tools you’ll need
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