Experience this for a month.
-My number of followers is not high, but if you have been consulting my posts frequently, I would really like you to tell me: am I providing value to your journey, or am I just wasting your time and mine? This entry is the type you shouldn't overlook. I ask you to read it in its entirety, especially if you have tried various strategies, followed false experts, and now feel fatigued and contemplating quitting trading.
Consider that trading is not limited only to charts or sophisticated patterns. Approximately 60% of this activity is psychological, 20% involves chart analysis, and the rest is based on fundamental understanding. However, where many of us fail is in the lack of personal research. We tend to get carried away by the hype of a cryptocurrency and act without discernment.
Let me be honest: many popular cryptocurrencies will not perform well this altcoin season. Speculation is not synonymous with profits. The next mistake lies in starting trades without an established plan. There is a lack of a concrete entry point and a clear exit. Sometimes, the trade turns positive, but we do not capitalize on the profits. Then, it turns negative again, leaving us watching without being able to act.
And then there is the fear of missing opportunities: the desire to generate quick profits. We invest all our funds, and when the price drops, we have no resources to adjust our average cost. That’s where things can go wrong.
What is the next step you should take?
Honestly, few will follow my recommendations. However, if you commit to trying for a month, you will notice the difference. Personally, I make between 5 and 7 trades in a month, focusing on quality and the highest profits. Alhamdulillah, this approach has worked for me.
If you have 300 dollars, you shouldn't enter more than one trade at the same time. Limit yourself to investing only 120 dollars in that trade. Does that sound strange? Let me explain. If the trade drops in value, you'll be happy because you will still have capital to adjust your entry and reduce your costs: you'll maintain control. If the trade goes up, great: you'll already be in the profit zone. This is what I want to convey by suggesting to play in both directions. If you want to know my DCA strategy, feel free to ask me in the comments. I haven't included it here to avoid making the post too lengthy and confusing.
Always set your take profit (TP) before entering a trade. If you reach your TP, sell. Don't chase greed. It only takes one wrong trade to destroy months of hard work and patience.
If you have 500 dollars, you can consider entering 2 trades with 250 dollars (125 dollars each). Set aside 250 dollars, but do not apply DCA on both if they start to lose value. Focus on one trade. Close that one securely and then attend to the second. If you average both and both get stuck, you will face difficulties.
If you have 1000 dollars, divide it into three parts: 250 dollars for long-term cryptocurrencies. Do not apply the DCA strategy to these. They should be kept in another exchange or wallet. Do not check them frequently. Just forget about their existence for a few months.
250 dollars for more stable cryptocurrencies. These are coins from solid projects that have dropped due to releases or selling pressure. Examples are: BMT, Layer, BEL. Buy them only after they reach appropriate prices. Don't get carried away by FOMO. Wait 1-2 weeks if necessary.
500 dollars for daily trading. When you make profits, it will boost your confidence and energy. And one last recommendation: set a plan to withdraw profits. If you keep increasing your portfolio without ever withdrawing money, you will not experience success. One day, all your hard-earned money could go back into the market.
Remember: every time you make 100 dollars from daily trading, whether in a day, a week, or a month, withdraw 30 dollars to your bank account. Invest 30 dollars in stable coins. Keep 40 dollars in my daily trading fund. This approach can be applied to profits of 1000 dollars as well as profits of 10 dollars. It will help you grow while keeping you safe.
I am convinced that I have shared a comprehensive trading strategy, but I also recognize that it can be complicated to adopt. Nevertheless, if you have any concerns, feel free to ask.
And if this is your first visit: I am Aamir, originally from Pakistan. I do not offer courses. I do not belong to a paid group or community. My goal is only to support new traders who are starting from the ground up and looking to advance. If you value this type of content, feel free to follow. Your comments will determine my next post.
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