I traded from 50,000 to 20 million! Thankful for these experiences! 1. It is very important to manage your funds well, for example, if you have 100,000 USDT, divide it into 5-6 portions and use 20,000 USDT for each trade. 2. Use a portion of funds to buy a cryptocurrency at the current price. 3. If the price drops by 10%, buy another portion. 4. Sell one portion when the price rises by 10%. 5. Repeat the above steps until all funds are used up or all coins are sold. This...
I sincerely suggest everyone go to the cryptocurrency space; I traded from 50,000 to 20 million! Thankful for these experiences!
1. It is very important to manage your funds well, for example, if you have 100,000 USDT, divide it into 5-6 portions and use 20,000 USDT for each trade.
2. Use a portion of funds to buy a cryptocurrency at the current price.
3. If the price drops by 10%, buy another portion.
4. Sell one portion when the price rises by 10%.
5. Repeat the above steps until all funds are used up or all coins are sold.
Under this strategy, once you buy, you do not need to worry even if the price drops, because when the price drops, we will continue to buy.
In fact, if all five portions of funds are used up, the price has at least dropped by nearly 50%.
Unless there is a market crash, the price will not drop that quickly. From the perspective of returns, each time you sell, the funds can bring a 10% profit.
Taking 100,000 total funds as an example, if you use 20,000 each time, then each sale will yield a profit of 2,000.
However, this strategy also has certain issues.
A 10% fluctuation is relatively large and may make trades difficult to execute, which means you may need to wait longer. This affects the efficiency of fund usage because funds may remain idle for a long time or be occupied by individual cryptocurrencies.
However, this issue can be solved by reducing the fluctuation range.
For example, you can choose to buy a stable cryptocurrency and invest in Binance wealth management products while your funds are idle. This way, you can earn extra income while waiting for price fluctuations.
I have been in the cryptocurrency space for a full 10 years now, and in the first three years, I lost over 700,000 from a principal of 1 million!
The account starts to turn positive; combining short and medium-term operations is no longer a blind fast in and out, but rather planning for the account. A combination of short and medium-term is the best for compound interest! The remaining 300,000 turned into over 45.7 million now!
If you do not plan to leave the cryptocurrency space for the next three years and are determined to make trading your second career, you must read these 10 rules. They are practical tips for making a living from trading; it is recommended to save!
The method has already been told to you!!
If you still don't know how to operate the layout!!
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