What’s up guys!! Today I’m going to be showing you if it’s actually possible to make a full-time income trading, swing trading or day trading on Binance.
Now, this article going to be breaking down the numbers a little bit on what you’re going to have to be making per trade the dollar amount and also the percentage profit, to in fact make a full-time income just trading on violence every day not, even including weekends.
So, before we get into the article if you were interested in taking trading a bit more seriously, I do have my bitcoin blueprint which is the first link in the description of the above video.
It’s going to run you through pretty much the ATC on how you can make a full-time income trading with cryptocurrency. The second link in the description, you’re gonna get 10 free training videos some of them are from the Bitcoin blueprint one or two and others are just previous videos that are really great content, just jump on the second link and it’s gonna take you to this page and then you’ll get to the videos down here which you can see there.
Make a full-time income day trading on Binance?
So yeah, can you make a full-time income trading with crypto in 2018? Well, I’m going to kind of answer that question a bit earlier. Yes, you can.
It’s not 100 percent easy to do but yes you can definitely do it. It’s possible. So I want to give you a bit of an example of the harsh truth.
Don’t take anything I say as financial advice. Don’t risk any money of yours based on what I say. Just use it for entertainment purposes only as trading is very risky.
While there are great rewards there are also losses that you can make as well. Unfortunately, be careful and only trade with money that you can afford to lose. Or crypto-only trade with crypto that you can afford to lose. So let’s break down the numbers.
So, how much do I have to make per day profit to make a full-time income? What percentage do I have to make each trade to make a full-time income? Well, I’m going to give you that example right now.
Let’s look at some examples
So I’m going to be taking a pretty much, I don’t I’m not sure of his minimum wage in the US. It may be maybe around a minimum wage of around $1500 per month. That’s one month not including weekends.
So it’s going to be 22 working days, therefore, weekends in a month, two day weekends that’s eight days. Let’s assume 30 days in a month just for easy math.
So, we’ve got $1500 we want to make in a month. As I said before this is not a crazy amount of money. Yes, you can live on it maybe if you’re a college student or you just got out of college it could be pretty useful for you.
Or maybe she just wanted to trade on a few days, a few of your off days you could definitely use these principles and tactics to definitely do that.
So $1500 a month divided by 22 working days in the month equals $68 per working day. Now $68 per working day. What does that break down to?
Well, it’s a bit obvious but the larger amount you’re trading with, the less percentage profit you’re going to have to make.
For example, if you’re trading with a million bucks you’re obviously going to have to make less profit than if you’re trading with one dollar. That’s just basic principles, that are not very hard to understand. So let’s run into some examples.
So if we are trading with $500, this is it’s not a small amount of money but it’s definitely not a huge amount of money. It’s pretty affordable for most people to maybe save 500 bucks or maybe they have it spare or maybe they got into bitcoin Barkin last year this time last year. So they got a bit of BTC to play with.
And this isn’t just this isn’t USD I’m talking about, I’m just talking while I am talking about USD but I’m talking about it in relation to crypto. So 500 dollars’ worth of a theorem, 500 dollars’ worth of bitcoin whatever it may be of the pair you want to trade BTC a theorem even neo or USD t something like that.
So $500 in cash or not cash but 500 dollars in bitcoin a theorem or whatever you like. So you need to make a 13.6% profit per trade per working day. That means, every day Monday through Friday you’d have to make one trade or maybe two trades if you’re a beginner.
I don’t recommend doing more than one trading day as you can get a bit overwhelmed and you can over trade days a big pig phenomenon that happens. So 13.6% profit per day per trade per working day, sounds pretty attainable but let’s increase the amount we trade with and it gets a little interesting.
So if you’re trading with $1000 you’d need to make 6.8% per day profit. And that’s basically per working day.
That would be to make 1500 bucks per month. So if you were, in fact, able to do that in about 20 days maybe about 15 working days you’d, in fact, double your money. Yes, I know saying it sounds very easy doing it is another thing.
How I go from $1000 and how a profit with each day? So it’s definitely possible.
Now we’re getting into. It’s kind of a lot of money to be trading with but with 5000 dollars this is where it starts to get interesting. You’d only need to make a 1.3% profit per trade per working day.
Now, how many of you guys wake up in the morning and check your block folio and you see it’s gone up by 1 percent. You’re like it’s only 1 percent. It doesn’t really matter.
But if you’re trading that 1 percent, if you’re trading with high enough volume that could make you 60 to 100 dollars per day. So it’s pretty interesting stuff.
Finally, if any of you guys out there are ballers and you want to trade with 10k, you’d only have to make a 0.68% profit. This isn’t 68% or 6.8%. This is 0.68%. So, not even 1 percent profit per day left around half a percent profit per day.
You’d have to make $1500 per month if you’re trading with 10k. Maybe you don’t. $1500 a month isn’t too appealing or attractive to you.
Nevertheless, it is very doable. Going to show you in a second how you can actually potentially do something like this but do keep in mind you may not profit every single working day.
So back to where I said, you’re going to have to profit every day for 22 working days maybe not every day you’d profit. And that’s just realistic guys. Not every day is going to be profit.
For example, if you saw my last video I, in fact, called it I a show I showed you how I entered the trade around here and then, in fact, like two hours maybe after the video maybe three hours after the video went out I was talking about Tron T-Rex about how it’s such a great kind of opportunity to get into right now.
Is not financial advice guys I’m just taking you over around about here a little bit above the 24-hour lows but that’s fine.
That the signals are looking great. It’s not oversold. It’s not overbought but it’s looking like it is in a great position is hugging that bottom bull in Japan. And I said OK this could be a good thing to trade right now. Definitely good talking to trade right now.
We can see the bulge a bunch of pretty much compressing narrowing. And usually when that happens and we can see the link with the RSI, we can, in fact, go ahead and pretty much guess that it’s going to have a small pump or the price is going to increase.
So, one of the ways how you can easily make a little bit of money trading each day, as I said before in the slide let’s say we have a thousand bucks so a thousand bucks you’d have to make 6.8% profit, five thousand have to make one point three.
Let’s just go ahead and say we’re going to make a 5% profit. Maybe you’re trading with like 2000 bucks something like that. Well, you have to do just go up here and Binance makes sure you’re on the advanced trading and just basically go in 24-hour change.
This is really basic stuff. If you want more advanced stuff I’ve definitely got it on my bitcoin blueprint. So you want to just come on here and in fact, go on the 24-hour change. Now, why is a 24-hour change important? Well if the coin or the token has had a lot of a percentage change, bit up or down in the last 24 hours, this shows that it’s a little bit volatile.
Well, you know in years case quite a lot while volatile increasing of 27 percent but we can pretty much go ahead and take one of these coins that has a decent amount of volume depending on how much you’re trading with you you’re going to want to have a couple hundred Bitcoin minimum volume, if you don’t want to get your bitcoin stock in there.
And another way you can, in fact, go ahead and make profit trading is by in fact-finding coins or tokens. They’ve only made a small percentage profit over 24 hours but they’ve got good volume.
For example, let’s say the storm and guys when I’m looking at currency or token I don’t care about the name, I don’t care about anything, else I just care about the volume on the 24 hours and taking a look at the charts.
So taking a look at storm, I probably wouldn’t get in on this just because it had a huge pump. I want to do a bit more research.
On it’s around 70 to one. We are now 41. Yeah, I probably wouldn’t get on this right now.
It doesn’t look bad because we’re down at the pretty much the low for the last 24 hours and the M.A. looks OK. I’d want to see the bull on Japan so we can just quickly go ahead and check that on. You could maybe scalp like a few percent profits on this but if you want bigger gains I’d look for something else.
So, let’s have a look down here. I’m just kind of walking you guys through what I would do when I’m going ahead and trading. So here we can see a theory. Let’s go on any m axiom. Let’s go ahead and take a look at this. Pull this up and get a bit of an indication of what’s going on if we could maybe scout a few percent profits on this.
So you’re taking a look at XCM this does, in fact, look pretty interesting. You can see here that all reside down here is pretty much below. It’s like below 10. Anyway, that’s for the show.
It’s hoping the bottom Ballinger band we can see on our chart and we’re pretty much at lows for the last, we’re pretty close to lows the last 24 hours pretty much. We can see it hugging the bottom bowl on your bond.
I want to go ahead and take a look at the moving average so we can see that any m has in fact only gone up or gone down around zero point zero six percent in the last 24 hours.
We see we did have a lot of support around here at thirty three hundred stories we did test a breakout at around thirty-four fifty Satoshi.
So we could, in fact, take we could, in fact, go down to this support level here at around 3000 which could definitely be durable or we could go ahead and set new highs or in fact test this high here at around thirty-four hundred.
So what I would do is go ahead and buy some of this may be right now?.I’m not telling you to do it, I’m not going to personally do it, that I’m not a huge fan of trading live Asia’s extra pressure you don’t need when you’re trading, so you could, in fact, go ahead and buy some of this right now.
Maybe yes, I would look to sell at around thirty four eighty nine something like that never sell on even numbers like thirty five hundred because that’s what a lot of people are going to be setting their sell orders so I wouldn’t do that and you can maybe set a stop loss for around a few percents may be down here like 31 seventy for something like that.
That will work out fine and maybe you could scalp a few percent maybe 2 to 3 to 5 percent profit on that.
So that’s basically what you can do guys. I hope you found it useful