Making $200 a day in crypto trading consistently requires a disciplined approach, proper strategy, and risk management. While there are no guarantees in the volatile world of crypto, here's one potential method that could help you achieve your goal. Scalping is one strategy that many traders use to earn daily profits by making multiple small trades.

Simple Scalping Strategy to Make $200/Day in Crypto Trading
1. Choose the Right Platform
Use a reliable and well-established crypto exchange with low fees, such as Binance, Kraken, or Coinbase Pro, so that your profits from small trades are not eaten up by high transaction fees.

Make sure the exchange offers high liquidity (trading volume), which ensures fast execution of orders.

2. Select Liquid Cryptocurrencies
Focus on highly liquid coins like Bitcoin (BTC), Ethereum (ETH), or popular altcoins like Binance Coin (BNB) and Solana (SOL). These cryptocurrencies tend to have large daily trading volumes and narrower spreads, which are ideal for scalping.

3. Use Technical Analysis (TA)
Learn and use technical analysis tools to identify short-term price movements. You'll need to look at:

Candlestick Patterns: Learn how to read candlestick charts for signals.

Support and Resistance Levels: Identify price levels where the asset tends to reverse direction (support) or face selling pressure (resistance).

Moving Averages (MA): Use short-term moving averages (such as 5-minute or 15-minute charts) to find trends and entry/exit points.

RSI (Relative Strength Index): This helps determine if the market is overbought or oversold, signaling potential reversals.

4. Trade Smaller Time Frames
Scalping focuses on very short-term price movements, often on the 5-minute or 15-minute charts. You can enter and exit positions quickly to capture small price movements (a few percentage points per trade).

Set up your chart to analyze real-time data and constantly monitor for opportunities.

5. Set Up Tight Stop-Loss and Take-Profit Levels
A critical part of a scalping strategy is risk management. Always set a tight stop-loss (usually 1-2% away from your entry point) and a take-profit level (aiming for 1-3% profit).

For example, if you invest $1,000 in a trade, aiming for a 2% return would mean targeting a $20 profit per trade. To make $200/day, you'd need to complete 10 such trades.

6. Risk Management: Don't Over-Leverage
Crypto trading can be risky, especially if you use leverage. Stick to using low leverage or no leverage at all to avoid catastrophic losses. Trading on leverage increases both the potential profit and the risk of significant loss.

Never risk more than 1-2% of your total capital on a single trade. That way, even if you make several mistakes in a day, your capital is protected.

7. Trade During Volatile Hours
The crypto market operates 24/7, but certain times during the day see more volatility and trading volume. Typically, late US hours to early morning (Eastern Time) and European market opening hours bring more trading action and price swings.

Avoid trading in slow markets when volatility is low, as the price movements may be insufficient for scalping.

8. Monitor News and Sentiment
Keep an eye on market news and social sentiment. Major announcements or events can cause sudden price movements, which can be either opportunities or risks. For instance, news about regulatory changes, new partnerships, or adoption of crypto by mainstream companies can cause prices to spike or crash.

9. Automate with Bots (Optional)
For those who want to automate part of the process, crypto trading bots can execute scalping strategies based on pre-defined criteria. Some popular bots include 3Commas, HaasOnline, and Cryptohopper. These bots can execute trades on your behalf and follow your scalping strategy while you monitor or rest.

Example of a Scalping Trade:
You buy Bitcoin (BTC) for $30,000 using $1,000.

Set your target profit at 1% ($300) and your stop-loss at 1% below the entry price ($300).

The price of Bitcoin rises to $30,300, and you sell, making a $10 profit.

Repeat the process 10 times per day to hit your target of $200/day.

Important Tips:
Stay Consistent: Scalping works best when you remain consistent with your strategy. Even small profits, when compounded, can add up over time.

Use Risk-Reward Ratio: Aim for a minimum of 2:1 risk/reward ratio (for every $1 you risk, aim to make at least $2).

Adapt to Market Conditions: Crypto markets are highly volatile. Adjust your trading strategy based on market conditions to avoid losing streaks.

Key Takeaways:
Patience and discipline are critical in crypto trading. Don't get greedy and avoid chasing the market.

Make sure to optimize your trading fees and choose coins that offer high liquidity for quick execution.

Always practice risk management and start small before scaling your trading volume.

By following these steps and staying consistent, you could potentially earn $200/day or more in crypto trading. However, it's important to remember that all trading involves risk, and past performance is not an indicator of future results. Always be cautious and trade responsibly!