I think this article is informative!

𝟏. 𝐒𝐞𝐭 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐆𝐨𝐚𝐥𝐬
• To Make $10,000 a year, you need to generate around $27.40 per day consistently. Break your target down into monthly or weekly milestones to track your progress and adjust your strategy.
𝟐. 𝐒𝐭𝐚𝐫𝐭 𝐰𝐢𝐭𝐡 𝐀𝐝𝐞𝐪𝐮𝐚𝐭𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥
• The amount you can earn depends on your initial capital. For example, with a $5,000 trading capital, a 20% annual return would yield $1,000, so you’d need to achieve a higher return or have a larger capital to meet your goal. Risk management plays a key role in preserving and growing your capital.
𝟑. 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐋𝐢𝐪𝐮𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭𝐬
• Choose high-volume trading pairs (like BTC/USDT, ETH/USDT) on platforms such as Binance, Coinbase, or Kraken. Liquid markets ensure tighter spreads and better price execution.
𝟒. 𝐃𝐞𝐯𝐞𝐥𝐨𝐩 𝐚 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲
• Swing Trading: Buy low, sell high over a few days or weeks.
• Day Trading: Buy and sell within a single day.
• Trend Trading: Follow longer-term market trends.
Make sure to use technical indicators like moving averages, RSI, and support/resistance levels to refine your strategy.
𝟓. 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
• Learn to read charts and identify trends to make informed decisions. Tools like TradingView offer customizable indicators to help analyze market movements and trends.
𝟔. 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭
• Protect your capital with the 1% rule, which limits the risk per trade to 1-2% of your total capital. This ensures that even after a losing streak, you still have sufficient funds to continue trading.
𝟕. 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐟𝐢𝐭𝐬
• Reinvest your profits to increase your account size over time. By compounding your returns, your profits grow faster as your capital increases.
𝟖. 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲 𝐘𝐨𝐮𝐫 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨
• Trade different assets such as Bitcoin, Ethereum, and other altcoins to spread risk. If one market underperforms, others may perform better.
𝟗. 𝐒𝐭𝐚𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝
• Keep up with crypto news and market analysis to understand macro trends, regulation changes, or sudden volatility. Use tools like CoinMarketCap or CoinGecko to stay updated.
𝟏𝟎. 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐁𝐨𝐭𝐬
• If you’re not able to monitor the markets all day, consider using automated trading bots. These bots can help execute your strategy 24/7, ensuring you never miss an opportunity.
By implementing these strategies consistently and staying disciplined, you could work toward achieving $10,000 yearly from spot trading.
#DODOEmpowersMemeIssuance #CATIonBinance
$DODO

$CATI