Post # 2 of loss recovery journey.
Greetings and Assalamualaikum Fellow Traders.
In my last post I shared that I lost my entire investment of $2000 trading crypto on Binance within 2 months and hoped to recover this amount by the end of the year.
At that time I had $270, and by the end of the year I aim to have at least $2500. (Loss recovery and some profit to account the profit I could have gotten in stocks / mutual fund etc).
It has been about 5 days since then, and I'm glad to share that I have made good progress. Although I aimed for $5-$10 a day, but did much better than I imagined. My portfolio is now about $460. (An increase of 70%) (The picture shows 550 but I borrowed $90 for trading ). So about $2000 more to go ๐ .
The last 3 days were exceptionally great.
Hope you guys are doing good as well.
Just a few tips for new traders:
1. Be careful with leverage (keep it to 5x or 10x max) or avoid future trading altogether.
2. Better to stay with spot trading (Buy near 24 hour low number and place sell order at about half of 24 hour max. or 2-3% profit). Steady profits are better than losses in pursuit of quick riches.
Good luck.