Is it possible and be real with me to Make a $100 a day trading Cryptocurrency yes today I interview Crypto Trader my financial friend I want To learn how to trade as I continue my Journey what's a simple method to make a $100 a day trading cryptocurrency as a Beginner to learn how to trade crypto And win is this even possible we start By going over the basics you put a stop Loss right above this line so that way What is a stop loss how to make the most Money with the least risk something That's a little bit less risky that I Love doing and even what are the risks But this is dangerous most people will Lose money be sure to follow along on Exchange partner Marx this is actually Something that's really cool about Marx Register with code altcoin and claim up To $110,000 in bonuses link down below But this just provides you even more Safety than a lot of other ways of Trading click the like button to support Me and let's start my financial friend With your background sure yeah so um I Was very interested in finance right out Of college because I was studying to be Uh an anesthesiologist I got done with All my classes uh actually had like a 3.97 and then decided I didn't want to Do it anymore because I didn't want to Go back to school uh for seven or 10 More years so I got really into Finance
Because I wasn't going to be making 200 $300,000 a year coming out of college Dove into early retirement um started Investing heavily during the pandemic Funneling almost everything I could to Paying off debts and then over to Investments and then got really Interesting crypto around 2020 can anybody trade or how did you Learn how to trade yeah so I mean Everyone can trade a lot of people lose Money trading I think it's because Naturally people get greedy like it's It's difficult not to get greedy because You're gonna make more money just like People investing in general in crypto Like you put money in then you make Money and then you put more money in and Then you make more money and it keeps on Going great then at the very Peak you're Probably putting the most money into the Market your first cycle and then the Market dumps and that can happen even Quicker um with leverage trading because You can have little jumps and uh values And you can get wiped out so it's very Hard to fight your own psychology but I Think you know if if you don't get too Greedy just like in the crypto Market in General you can come out a winner in Leverage trading but this is dangerous Most people will lose money so I think Most people will because most people Just like I said will get greedy but the
People that do it well and you don't Have to start with a lot like I I have a Small small portion of my portfolio in It it helps me work on ta it helps me Not get greedy in general like on the Rest of my portfolio and just in general Like it takes a little while first of All to even know what crypto is right And to learn crypto it takes even more Time to learn how to use leverage Correctly um how it's used you know People use it to hedge their main Portfolio so if you know you own 10 Bitcoin maybe you want like A you have some uncertainty over some Event maybe you want to go short the Market with a very small amount just to Hedge in case the market goes down then You can profit from that or maybe you Want access to even better returns with Part of your portfolio so there there Are different things to learn that take Some time but generally I think a lot of People uh could do well if they just Stick to it for a little while Well this series is all part of me and My journey and learning how to trade Long short the market so if you would Like where do I even begin where would I Start first of all you need to Understand what Leverage is which quite Simply it's just getting access to more Capital than you have so if you have $100 and you use 5x leverage you can get
Access to $500 right for example and it Allows you to lever up so that that Doesn't come risk-free you can't lose More than that $100 for example on this Trade that we're talking about but it's Not free money right so the thought Process is if Bitcoin goes up let's say 20% and you're on a 5x leverage well you Make 100% return but then if it goes Down 20% Then you lose that $100 so it Doesn't have to go to zero just like Like if you actually held the Bitcoin it Would have to go down to zero for you to Have zero dollars worth of bitcoin so There's extra risk um so first off you Just need to know what that is Second of all you should know this Should not be your entire portfolio Because even if you make uh three four Good trades like eventually you you're Going to have a trade that goes the Wrong way and if you don't have stop Losses even if you have stop losses Sometimes you can risk uh a good amount Of the amount that you're trading or you Can lose that amount um it's kind of Like a car I think of it like a car Where cars can be super useful it you Know kind of suck if you didn't have a Car because it helps you get to where You want to go faster but just like a Car like you need training to be able to Drive a car um not everyone's great at Driving either and the difference is
Here you just lose your money if you Make one mistake um and in a car maybe You get a ticket or something like that Um or you know you can get it fixed at The shop so you have to be careful you Have to understand what you're doing Start with like a small small amount Maybe $100 right and then you have to You also have to know what crypto is Which a lot of people you know maybe Have my audience does we do okay cool Then you have to find an exchange right You need to figure out some exchange That you like I personally like Marx um A couple things to know there's no kyc You don't need a VPN which is um Interesting for a couple different Reasons some people don't want everyone To know how much crypto they have and They don't want you know they don't want Exchanges to know how much crypto they Have in an exchange even so they don't Ask for your personal information you Give them an email a password check Their terms and conditions you can sign Up for an account um they have been Around through the last bare Market it's Got a simple layout a lot of exchanges Copy and paste everything like there's Like a specific format this isn't a copy And paste and um there's only like five Tabs across the top so you don't have 40 Different uh drop- down menus that have Different options it keeps things simple
And they're doing an airdrop right now Which is pretty cool they're giving away Up to $5,000 of Casa but honestly you Can use other exchanges too but I I just Like this one um and then you actually Have to have a strategy which you know We can talk about that's the toughest Part that's what I want just the the Basic level let's start there strategy To trade if you would let's flip the Charts show me Marx and show me like Where do I begin so this is what the U Layout looks like right you have trade Copy trading convert so you can sweep Some cryptos into other cryptos your Wallet and referral so really simple This is your chart powered by trading View which is nice trading terminal here Positions down here order book I think What a lot of people try to do right Away uh they're like okay well CPI is Coming out today I'm going to try to Trade that CPI comes in well it's going To push up the price of Bitcoin I think That's a mistake because you know a lot Of times when we get big news the market Actually shifts the opposite way that You'd expect like the CPI came in at Expectations or a little bit lower so You think okay well that's good that Means the economy is good and we Actually like fell down and then we went Back up um and a lot of people I think Try to play that kind of news right um
However I think like a really easy way To set up an account and to like just Start thinking or start taking advantage Of news is like you set up your account Fund it you would go into the wallet hit Deposit and then you can fund it uh Through various cryptos and then Literally if you don't want to trade if You're just learning right away you can Have the account set up and then if There's some big piece of news that Happens that's not expected right let's Say Elon says I just bought $100 million Worth of bitcoin or Tesla starts buying Or something something that's not Scheduled and you see that news like you Have the notifications on okay you go Put a in like not something that's Expected where everyone's watching it so There's a ton of volatility up and down You see good news or bad news right away You come in here you're trading Bitcoin On this chart so you can shift it to Bitcoin ethereum salana I personally Like to trade Bitcoin because I think It's just more liquid it's less volatile Uh it's more distributed in general so You know there's not with some whale That holds 80% of the supply or Something like that and then you pick Your collateral so this is actually Something that's really cool about Marx You can use all different forms of Collateral a lot of people just use usdt
Or maybe Bitcoin on other exchanges but Here we'll actually get in the advanc Section or in the advanced strategy why This is so useful but like I have salana Selected so I have salana as my Underlying collateral for a Bitcoin Trade Uh you can use a limit order Market Order stop market uh we'll just go down Here let's say again you see Elon Musk Say I just bought a billion dollars Worth of bitcoin you don't want to get Like crazy risky you put on a 5x you you pick out how large you want The order to be so on 5x leverage uh if It's 5,000 usdt that means I'm putting Up $1,000 worth of collateral um 5,000 USD and then put your limit price so if I wanted to buy it like right now I'd Probably just do a market order if I Want to catch it just on a little Wick Down which I probably wouldn't if I was Trying to do something right off uh the News you could just put in the limit Order then hit byong and then open your Position so that's one strategy just Kind of walking you through how this is Set up another strategy might be um you Just play resistance and support and This is what a lot of people do over Time like this one is probably the Easiest thing to come back to time and Again you don't have to wait for some Big piece of news you can just play this
Like every day you can go to different Time frames let's just look at like the Big picture here and you can ignore These lines these are just different Positions set up um over time but Obviously we've hit this like this level Of resistance several times and it's not Perfect but you can see like we get Rejected right before we get rejected Right before we get rejected right after It right before it and you know in Theory if we moved back up a lot of People might think that we would get Rejected again especially like if we're At a key level 70,000 uh we're hitting this line maybe There's some resistance there so maybe You want to short the market super Simple do the same thing just short so You're betting that the Market's going To go down and then maybe you want to Put a stop loss maybe we break right Through it and we go to Valhalla and We're super happy and bitcoin's at 100,000 you could put a stop- loss right Above this line so that way what is a Stop loss yeah so it just essentially is Like um an order the exchange to close Your position at a certain price so on I Think it's a little bit easier from the Long side to understand it let's say I Went long um on a Position at 57,8 15 I was like oh if it breaks you
Know 57,000 it invalidates whatever you Know whatever I'm seeing on the chart Like we go below a line of support I can Put in a stop loss I can just add it Here and it essentially means that at Let's say 56,2 if we go below that it will close My position so I don't risk the entire Position every time I make a trade I Could be down 1% or 5% or something or Maybe I'm already in the profit by a ton Maybe I'm already up 50% and I just want To lock in that profit of maybe 40% you can set the stop loss you can Also set a uh take profit as well so if I get 100% gain I'm just going to out to Trade completely or partially you can do That too uh those are just some things That a lot of Traders use over time it Allows you to control your position a Little bit better so that is another Thing that you can do so you can play The support and resistance whether you Know you're trying to short the market Or like here this was a really I thought Kind of obvious one all this fear was in The market we had gone from 70,000 all The way to 48,000 48,900 really fast uh a lot of Liquidation happening but we had so much Support and resistance around this level And we had more in this level so like Support resistance right we got rejected Here at 48,000 which was like a key
Level from the previous Market there are Several points like right around 48,000 Where we got rejected so we're falling Down right we're falling down really Fast I figured we'd have um some support Here we'd actually bounce off this level This key level a lot of people thinking This was a pretty good price to buy in And that's almost essentially exactly What happened we were within a couple Hundred doll of where we got rejected Here we bounced off this level I put the Position in at 49,500 and then we just spiked right Back up now you know if you get too Aggressive you could say well we bounced Off 53,500 before we're going to do it again And then you put in like a super Aggressive long position 100x long so if We go down 1% then you lose your Position and then you know again trying To fight that uh trying to fight that That psychology of be being too greedy Um you could have gotten liquidated There but generally uh you know this Isn't 100% all the time you're not going To make money on every trade so maybe You do get liquidated I know some people That will like open another position and Another pos position until they hit the Bottom so that that's another strategy Um so support and resistance makes total Sense to me as as indicators to use uh
Or visuals to use What's one more indicator that you think Really works is really Effective yeah so there's there's Obviously just something really easy Which is the fear and greed Index right If we've fallen down for a long time the Market gets really fearful and you can See it you can see it in YouTube views Like there's so many different ways to Measure it but like when people Generally get very disheartened when They're worried about the market when They're considering just selling you Know like internally that might be a Good time to buy one thing that I like To do if I'm leveraging uh if I'm using Leverage in those kinds of markets Obviously you can just dollar cost Average that's great for the long term Something that's a little bit less risky That I love doing is let's say we've Fallen down significantly so like from Here 70,000 down to 50,000 or 49,000 We're down 30% we've already taken a big Drop we've seen res uh support a couple Times maybe you want to do something That I like doing which is a low Leverage long so instead of like a lot Of people will do 20x 10x especially if We're looking at like a short time frame Maybe Bitcoin only moves a couple $100 if you're looking more macro maybe You want to put in a 5x leverage so just
Breaking down the numbers on that let's Say we're at 50,000 and you go on 5x Leverage Bitcoin would have to fall to About $40,000 for you to get liquidated Now that provides you a lot of uh a lot Of room if we keep on falling down so Even if we don't catch at 49,000 and we Go through like all this Previous uh you know support resistance No one wants to Buy maybe we bounce off like 40,500 or Something and then we keep moving up so It gives you a lot more a lot less risk Um and you can hold it for a long time Like I've done this some of these from When black when Black Rock was uh Approving the ETF I've had some Positions open for that long where just Like 3x or 5x on salana on bitcoin and It really lowers your risk of Liquidation and you can just keep it Open for a long time and ride it up Write it down um and again I I like Doing this when there's fear in the Market because generally that means We've already taken quite a drop and Then that provides you even more padding And safety obviously if we're going into Another bare market and Bitcoin goes Down to 20,000 like Leverage trading is Risky if you're going long that's also a Way to make money if you're shorting but Like In some scenarios there's just not much
You can do if the Market's going to go Down 80% you're probably going to get Wrecked as a long Trader but this just Provides you even more safety than a lot Of other ways of trading is there an Indicator on here though like in the Indicator tab that you personally use is It like volume or moving averages or Like I just want to know how you do it Yeah I mean I keep it really simple most Of it is support and resistance 90% of What I do is support and resistance Probably another 10% is like I said just Low leverage long-term trading and then You know if I can hear news or something Great but yeah uh I keep it I keep it Really simple with Indicators is it possible and be real With me to make a $100 a day trading Cryptocurrency yes I mean a lot of it Just comes down to like how big is your How big is your portfolio right I'm not Going to sit here and say you can make 1% a day every single day like there There's no guru that's always right There's no guru that's going to uh give You trading signals that will always be Correct keep in mind all that's delayed Too and this is a quick moving market so You can do it I mean when you come again When it comes back down to it like how Big is your portfolio if you have $10,000 in your uh leverage trading Portfolio you're not going to make $100
A day at least maybe maybe you will for A while and then you'll start losing uh Just if you're going for 30% gain every single month you're not Going to hit it now maybe at is out to That because maybe you know you getting At a good time or we just move up like This is the time to be leverage trading Is in a bull market um you can take Advantage of the chop a little bit but Then when we do have an inevitable 10 20 $30,000 move on bitcoin like you can Make 10,000% profit or 5,000% profit a Th000 and that could like technically Get you $100 a day if you average it out But I wouldn't be coming in here saying I need to hit a certain number I'd come Into it just like normal investing like How do I get the best risk to return Ratio and not get greedy trying to get Some arbitrary Number that makes sense flip the camera Back on us if you would I I I really Appreciate you taking the time I guess Just inmation we're going to do an Advanced guide too this is beginner Level Basics which is is exactly what I Wanted but just like final thoughts for The trading Community yeah so start with A low amount like don't come in here With 50% of your portfolio thinking I'm Just going to go 100x leverage when I See CPI coming well uh or coming at a Good number like start slow understand
What this is because you'll make Mistakes the difference is if you make Mistakes buying Bitcoin maybe you buy at The wrong price hopefully you don't send It to the wrong address or something Like that but you buy at the wrong price And you're still holding a great asset For the long term here if you make a Mistake and you try to get too Aggressive you can lose your hard-earned Cash or your hard-earned crypto so start Slow scale up try try to learn a lot and Yeah I would I would approach it in that Way not get too Greedy and why tell me why this is a Mistake or why this is bad thinking or Maybe this is good thinking if I think Bitcoin today is 59 something th000 if I Think yes maybe it goes to 45 maybe it Goes to 40 but in the next 12 18 months I think it's going past alltime highs up To potentially 100K why not enter along Right out any dips like why not do such A long-term time Horizon damn I'm making This long for the next 12 months is that Good or bad thinking yeah I mean you can Definitely do that that's kind of what I Was talking about with going lower Leverage obviously if you're at like 50x Just the general volatility um you would Need Bitcoin to go down $1,000 for you To get liquidated so that one make sense Lower leverage it might make sense like I plan on doing that for the whole Bor
And there influencers that you probably Know YouTubers that have positions open From the bare market and they keep them Going um I think that's definitely Possible keep in mind there are some Fees too like just keeping the position Open about every 24 hours there's a Small funding fee it it depends on um How leverage you are but I don't think It's enough to off like to make it not Worth it it's just something that adds Up so if we went sideways for a year you Lose some fees to funding um so that's Something to consider there's always Some cost in that way but it's pretty Negligible when Bitcoin moves at all Like if it moves up so I definitely plan On keeping some positions open the Entire bull run my financial friend you You're dropping videos crypto videos Every single day links for your channel Are down below thank you man yeah thanks For having me on
