7 Steps to Make an Extra $100 a Day Day Trading Bitcoin Using Coinbase

Day trading Bitcoin offers a great opportunity to make an extra $100 a day, but it requires a disciplined approach and a solid understanding of market trends. By maintaining a $100 balance in your Coinbase account, monitoring the market every 30 minutes, and executing quick trades, you can achieve this goal. Here’s a step-by-step guide on how to get started:

Step 1: Download the Coinbase App

First, download the Coinbase app from the App Store or Google Play Store. Coinbase is a reliable and user-friendly platform that allows you to trade Bitcoin and other cryptocurrencies with ease. Create an account if you haven’t already and complete the necessary verification steps.

Step 2: Fund Your Account with $100

Deposit $100 into your Coinbase account. This amount will be your working capital for day trading. The key to this strategy is to maintain a $100 balance at all times, using only the profits you make from price fluctuations to increase your earnings.

Step 3: Study the Market

Before you start trading, take some time to study the Bitcoin market. Look at the historical data, current trends, and factors that influence Bitcoin prices. Understanding these elements will help you make informed decisions and improve your chances of success.

Step 4: Set Alerts for Price Changes

To stay on top of the market, set up price alerts in the Coinbase app. These alerts will notify you when Bitcoin reaches certain price points, allowing you to act quickly. This is crucial because day trading requires you to be responsive to even small price changes.

Step 5: Check the Market Every 30 Minutes

Day trading is all about timing. Check the Bitcoin market every 30 minutes to monitor price fluctuations. If you notice the price has increased, it's time to sell the amount that exceeds your $100 base balance. For example, if your balance has grown to $120, sell $20 worth of Bitcoin to lock in your profits.

Step 6: Execute Quick Trades

When you spot an opportunity to sell at a profit, sell fast! The goal is to capitalize on small, consistent gains rather than waiting for a big payout. Sell off any profits above your $100 base balance to make your extra $100 a day.

Step 7: Reinvest Profits and Repeat

After selling, reinvest your earnings back into Bitcoin while maintaining your $100 base balance. Continue monitoring the market and executing trades throughout the day. With discipline and consistency, you can make an extra $100 daily.

Day trading Bitcoin requires careful attention and quick decision-making, but by following these 7 steps, you can make an extra $100 a day. Download the Coinbase app, start with $100, and use this strategy to grow your earnings one trade at a time.