How to turn 3000 into 3 million through cryptocurrency trading!
1. It's very important to manage all funds with proper allocation, very important!!! For example, if you have 10,000 USDT, split it into 5-6 portions, using only 2000 USDT for each trade.
2. Take out one portion of USDT for spot trading.
3. If the coin price drops by 10%, buy another portion.
4. When the coin price rises by 10%, sell one portion.
5. Repeat the above until all USDT is used or sold out.
With this strategy, even if the coin price drops after buying, there's no need to worry because we will continue to buy when the price drops.
In reality, if all five portions of funds are used, the coin price has likely dropped by nearly 50%. Unless there’s a major crash, the price won’t drop that quickly. However, based on three years of market trends, the likelihood of a major crash is very small. From a profit perspective, each portion sold can yield a 10% profit.
For example, with a total capital of 100,000, if 20,000 is used each time, each sale will yield a profit of 2,000.
However, this strategy also has its flaws.
A 10% price fluctuation is quite large, which may make trades harder to execute and increase waiting time costs significantly.
During this time, you cannot engage in other trades.
But!!! This issue can be resolved by reducing the fluctuation range.
For instance, you can choose to buy more stable cryptocurrencies and invest in Binance wealth management products when your funds are idle. This way, you can earn additional income while waiting for price fluctuations.
