Is it possible to earn 1 million by trading cryptocurrencies?

The answer is yes, but you need to use the right strategy.

Let me share with you a simple yet very practical trading strategy that I have been using:

1. Divide your available funds into five equal parts. If you have 10,000, split it into five parts, using 2,000 for each trade.

2. Use one part of the funds to buy a cryptocurrency at the current price.

3. If the price of the cryptocurrency drops by 10%, buy another part.

4. When the price rises by 10%, sell one part.

5. Repeat the above steps until all funds are used up or all cryptocurrencies are sold.

Under this strategy, once you buy, you don't have to worry even if the price drops, because when the price falls, we will continue to buy. In fact, if all five parts of the funds are used, the price has already dropped by nearly 50%. Unless there is a market crash, the price will not drop that quickly.

From a profit perspective, each time you sell, you can achieve a profit of 10%. Taking 100,000 total funds as an example, if you use 20,000 each time, you will earn 2,000 in profit every time you sell.

However, this strategy also has certain issues. A 10% fluctuation is relatively large, which may make it difficult to execute trades, thus requiring a longer waiting time. This can affect the efficiency of fund usage because the funds may remain idle for a long time or be continuously occupied by certain cryptocurrencies.

However, this issue can be resolved by narrowing the fluctuation range. For example, you can choose to buy cryptocurrencies with high stability and invest in Binance wealth management products when funds are idle. This way, you can earn additional profits while waiting for price movements.

Daily trading, continuous profits. For friends who are confused and want to recover their losses, let's strategize together.