How to Make $100 Per Day on a $2000 Investment: A Guide
Imagine turning a $2000 investment into a daily income of $100 or more. This is perfectly possible with the right strategy and a bit of patience. In this guide, we'll explore two strategies that can help you achieve this goal: Price Action Day Trading and Cryptocurrency Investment.
Price Action Day Trading
Day trading, particularly through the Price Action Day Trading strategy, can be a lucrative endeavor. However, it requires a significant amount of practice and experience to become proficient. Here's a breakdown of how you can start:
Step 1: Understand the Strategy
The Price Action Day Trading strategy focuses on analyzing market patterns without relying on complex indicators. Instead, traders observe how the market moves in patterns of two, essentially looking for opportunities to enter trades based on the natural flow of the market.
Step 2: Choose Your Market
For this strategy, the SP 500 Futures market is a popular choice. Each contract is worth $50 per point, and you can aim to make 2-5 trades a day, with each trade capturing just 1 point. By trading 1 contract, you could aim for daily earnings of $100 to $250.
Step 3: Scale Up
To increase your earnings, you can scale up by trading more contracts. For instance, trading 20 contracts would result in daily earnings of $2000 to $5000. Keep in mind that this requires a higher level of experience and a greater risk tolerance.
Step 4: Learn from Experts
To get started, you can follow some experienced traders. For instance, Michael Chin is known for making upwards of $500 daily, while Mack at PATsTrading has been trading for 20 years and earns upwards of $4000 per day. Additionally, Al Brooks, the creator of this strategy, offers detailed insights through his YouTube videos and books.
Cryptocurrency Investment
Cryptocurrencies offer a unique investment opportunity with substantial potential rewards. Regularly earning a profit from your investment can be achieved through strategic trading. Here's a brief overview:
Step 1: Research and Knowledge
Understanding the mechanics of cryptocurrencies is crucial. Platforms like InvestmentBinaryBitcoin on Instagram can provide detailed information and guidance to help you get started.
Step 2: Pick the Right Platform
Choose a reliable trading platform that offers regular profit payouts. Some platforms may allow you to earn a profit every 3 days, compounding your returns over time.
Step 3: Execute Your Trades
Cryptocurrency trading involves making regular trades. By executing these trades at the right times, you can ensure consistent and regular profits. Remember, the key is consistency and knowledge of the market trends.
Conclusion
Both Price Action Day Trading and Cryptocurrency Investment offer pathways to achieving daily earnings well above $100 on a $2000 investment. While both strategies require dedication and learning, the potential rewards make them worthwhile pursuits.
If you're interested in learning more or want to start your journey, feel free to send a direct message to me. Stay safe, and God bless. Have a wonderful weekend!