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The Ultimate Guide: Achieving $100 Daily Trading Cryptocurrency in 2023 (Complete Strategy)

Craig Percoco
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Introduction

Over the past week, I’ve taken a total of seven trades and have been able to generate over four thousand dollars in profit. In this article, I will be sharing the exact strategies I use to take these trades. Whether you’re a beginner or an experienced trader, these strategies can help you make consistent gains in the crypto market. Before we dive into the strategies, let’s go over the things you’ll need to get started.

What You’ll Need

1. A dedicated trading account on an active trading crypto exchange: I recommend using BuyBit for its great coin selection, high leverage, and user-friendly interface. However, most exchanges that offer futures trading should work fine.

2. Separate your active trading account from your investing account: It’s important to keep your trading funds separate from your long-term investments to avoid confusion and potential losses.

3. Trading view charting software: This free software provides powerful charting tools and analysis capabilities. I recommend using the desktop version for speed and workflow purposes.

4. A way to track your trades: Tracking your trades is crucial for measuring your performance and identifying areas for improvement. I will provide a link to my personal Excel trade tracker for download.

5. Disclaimer: Remember that nothing in this video is financial advice. Always understand the risks associated with trading and investing before making any decisions.

The 35A Strategy

The strategy I will be covering is called the 35A strategy. It’s a system I’ve developed over the past year to make consistent profits in the crypto market. The goal of this strategy is to make gradual gains and compound your size over time. It focuses on mastering the fundamentals and applying the same strategies to scale your profit goals.

Step 1: Selecting the Cryptocurrency

The first step is to select the cryptocurrency you want to trade. Create a master list of cryptocurrencies with good price action and narrow it down to a trading list. For example, let’s select ethereum against USD on a 15-minute frequency.

Step 2: Establishing a Five-Wave Pattern

Next, we want to establish a five-wave pattern on the chart. This pattern consists of a start of the trend, wave one, wave two, wave three, wave four, and wave five. There are rules to follow, such as wave two not exceeding the low of wave one and wave four being slightly more complex than wave two.

Step 3: Adding Confirmation with Fibonacci

To confirm the five-wave pattern, we use Fibonacci retracement and extension levels. By measuring the distance between the first wave and applying multiples of the golden ratio, we can predict important levels on the chart. This helps us identify potential reversal points and enter the trade.

Step 4: Setting Up Entry, Stop Loss, and Profit Targets

Once we have confirmation of the five-wave pattern, we can set up our entry, stop loss, and profit targets. We use trendlines and Fibonacci retracement levels to determine these points. The entry is usually at the 61.8% Fibonacci level, the stop loss is placed just outside the previous low, and the profit targets are set at the 161.8% and 261.8% Fibonacci levels.

Step 5: Trade Management

After entering the trade, it’s important to practice trade management. This involves systematically taking profits as the price moves in your favor to reduce risk and lock in profits. You can set profit targets at different Fibonacci levels and adjust your stop loss accordingly.

Trade Tracking and Improvement

To track your trades and improve your performance, it’s essential to keep a record of your trades. Use a trade tracker to log your trades, including entry, exit, profit, and loss. Analyze your trades regularly to identify patterns, strengths, and weaknesses. This data will help you refine your strategies and make better trading decisions in the future.

Frequently Asked Questions

Q: Is trading crypto risky?

A: Like any form of trading, crypto trading carries risks. It’s important to understand the market, have a trading plan, and manage your risk effectively. With the right strategies and knowledge, you can minimize risks and increase your chances of success.

Q: How do I calculate position size?

A: To calculate position size, you need to determine the amount of money you’re willing to risk on a trade. Divide your risk amount by the difference between your entry and stop loss price. This will give you the position size in terms of the cryptocurrency you’re trading.

Q: How can I increase my position size?

A: Increasing position size should be done gradually and based on your trading performance. It’s recommended to increase size during losing streaks rather than winning streaks to avoid psychological pressure. Always ensure you have a solid trading plan and risk management strategy in place.

Q: How can I improve my trading performance?

A: To improve your trading performance, analyze your trades regularly, identify patterns, and learn from your mistakes. Keep a trading journal, track your trades, and review your strategies. Continuously educate yourself, stay updated with market trends, and seek guidance from experienced traders.

Conclusion

Trading crypto can be a profitable venture if approached with the right strategies and mindset. The 35A strategy, combined with proper risk management and trade tracking, can help you make consistent gains in the market. Remember to always stay informed, practice discipline, and continuously improve your trading skills.

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29 Comments

  8. Creating wealth & gaining financial freedom isn’t as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. crypto Investing is the only true way to earn a great income and staying wealthy forever… We are in the era of Web3 and that's the era of financial freedom if you embrace it

  9. I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

  10. I'VE HAD A LOT OF LOSSES IN MY TRADING … I'M TRADING WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED … CAN ANYONE HELP ME OR AT LEAST TELL ME WHAT I'M DOING WRONG?

  13. It's okay if they don't agree with this type of investing, many of us do agree. I have 20 positions in high growth stocks. I'm getting 15 dividend pay checks, however I'm up 125 % this year. over $850k this yr, good dividend paying portfolio, although I use an F.A so buy as much as you can and wait for the rebound. Only the brave gets rewarded in these times!

  14. The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now,how do you guys still make so much….?

  16. the best crypto trader i know , im doing paper trading with your strategy on matic perp and i made 20% without any leverage ,
    its ligit strategy and my knowledge in elliot waves helped me to undertand mr criag more .

  17. 📌 Nice video, love how you take your time to educate your viewers. You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing. Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income, all thanks to Mr Alex Gomez

  18. Craig – just stumbled on your vids, I’m hooked. However, with US regs thanks to SEC, what do you use to trade with leverage or comparable these days? Please advise, thanks and keep it up!

  19. Thank for the update… <I will advise traders, especially newbies, to have an orientation of the market before getting involved. I must say trading offers more benefits than just holding, thanks to Rolando Eric for always keeping me ahead of the trend, so glad I started his program

  20. ByBit is not available in USA, Florida. Please suggest a trading exchange, (broker) that will work for me In Florida. So far NONE of the trading exchanges you have suggested in your videos are available to me! Thank you!!!

  25. Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

  26. Thank for the update… <I will advise traders, especially newbies, to have an orientation of the market before getting involved. I must say trading offers more benefits than just holding, thanks to Rolando Eric for always keeping me ahead of the trend, so glad I started his program

  27. Como entusiasta de investimentos, muitas vezes me pergunto como os investidores de alto nível conseguem se tornar milionários investindo. Estou com mais de US$ 545 mil de patrimônio líquido proveniente da venda de uma casa e não tenho certeza para onde ir a partir daqui. É um bom momento para comprar ações ou devo esperar por outra oportunidade?

  28. Day trading is where the pulse of the market truly comes alive! Every moment presents a new opportunity, and for those with the passion and precision, the rewards can be monumental. It's not just about quick trades, but about harnessing the power of the market in real-time. Dive in, seize the moment, and let every trade be a step towards achieving your financial dreams,I've personally benefited from following Alex Gomez’s trading tactics, amassing 23 bitcoins in a short seven weeks period of day trading , which speaks volumes about his expertise in the market..

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