How to Make $200 Every Day Trading Cryptocurrency

Making $200 a day trading cryptocurrency is possible, but it requires strategy, discipline, capital, and risk management. Crypto is volatile, and while gains can be high, so can losses. Here’s a step-by-step guide to help you understand what it takes:

1. Start With Sufficient Capital

To realistically aim for $200/day, you’ll likely need:

$2,000–$10,000 for day trading
With a 2–10% daily gain, that’s $40–$1,000 potential profit
The higher your capital, the lower your risk-per-trade needed to hit $200

2. Choose Your Trading Style

Different strategies suit different personalities and market conditions:

Scalping: Dozens of small trades in minutes/hours (fast-paced)
Day Trading: In-and-out within a day; technical patterns are key
Swing Trading: Holding trades for days/weeks (less screen time)

For $200/day, day trading is the most common approach.

3. Use Proven Tools

Charting: TradingView
Exchanges: Binance, Bybit, Coinbase Pro, Kraken
Bots (optional): 3Commas, Pionex, or self-coded bots (if you’re techy)

4. Develop a Trading Strategy

Example: Breakout Trading

Identify tight consolidations or triangle patterns
Set entries just above resistance and stop-loss below support
Use risk-reward ratio of at least 1:2

Or: RSI + MACD + Trendline Confluence – trade only when all align.

5. Practice Risk Management

Never risk more than 1–2% of capital per trade
Use stop-losses religiously
Have a clear profit target – walk away once you hit $200

6. Train Like a Pro

Use paper trading to test strategies
Log every trade: what went right/wrong
Analyze winning/losing streaks
Read books like “Trading in the Zone” by Mark Douglas

7. Be Consistent

You won’t make $200 every day at first. Some days you’ll lose, others you’ll gain more than $200. What matters is averaging it out over time.

BONUS TIP: Low-Cap Gems or Leverage?

You can also trade low market cap coins with big volatility or use leverage (like 5x–10x), but this increases risk significantly.
Avoid leverage until you're consistently profitable on spot trading.