I turn $11 into $80 in a single day with crypto trading, you'd need a high-risk, high-reward strategy since it requires a return of over 600% in a very short period. Here are some strategies to consider, though they carry significant risk:
1. Leverage Trading
Use leverage on platforms like Binance Futures, where you can trade with up to 20x or 50x leverage.
Example: With 10x leverage, you’re essentially trading with $110. A price move of just 7% in your favor could net you a 70% return. However, be cautious: if the trade moves 10% against you, you could lose your initial amount.
2. Low-Cap Altcoin Swings
Some very low-cap altcoins can have huge price swings in a single day, sometimes even several hundred percent. By identifying low-cap coins that are gaining momentum, you might capture large gains.
You’d need to watch for coins on smaller exchanges with recent activity or announcements, but you'd want to avoid coins with low liquidity, as they could prevent you from cashing out at the right time.
3. Scalping High-Volatility Coins
Look for highly volatile coins and make multiple small trades throughout the day. Coins with high intraday swings (such as those with big news or recent developments) provide opportunities to buy and sell quickly.
Example: Look for quick 1-2% moves multiple times. With about 30-40 successful scalps, you could theoretically reach your goal.
4. Participating in Airdrops or Quick Listings
Some new coins listed on exchanges experience rapid price rises on the first day. You could potentially buy at listing, ride the first spike, and cash out.
Example: Look for newly listed tokens on Binance or KuCoin that have major backing, as these tend to get attention quickly.
Final Thoughts
While any of these methods could potentially work, the risks are extremely high. Crypto markets are unpredictable, and a return from $11 to $80 in a single day is very challenging to achieve consistently.
