Here's how I did it and my trading plans. I am still new to this "future trade" so expect some weird stuff.
💠 I usually invest 10% of my wallet on a coin. 💠 My usual leverage is 5x/10x 💠 I use high leverage on coins that I am comfortable with or 80% sure about the trajectory. 💠 After starting a trade I share it in square.
Now the most important part. I turned 20$ into 130$. Did I earn anything? - No
This money is not in my hand. It’s all in my wallet. I will do one bad trade and there will be nothing left. So, what's the solution?
🍁 I withdraw a percentage of my money. - Each month I want to withdraw 1/3 of my wallet. I have already done it once. When my wallet reached 120$, I withdrew 40$.
Afterwards, I had 80$ left in my wallet. And now I have turned that 80$ into 100$. I still have 13 more days in this month.
So if I can turn this 100$ into 150$ then I can withdraw 50$ next month and I would still have 100$ in my wallet.
As you can see, I am both earning and increasing my capital.
⚠️ Now you might ask, what if you don't make enough money in a month? - The answer is simple. If I am not making money in here then I should stop. If I can't make any profit for a month, there would be no point in trading anymore.
So, that's how I trade. Feel free to share your thoughts on this. Both positive and negative feedbacks are welcome.
Steady growth & reached 100$. I have done it 4 times in a row. I withdraw the money afterwards.
I usually go for small profit. My calls are usually correct but I still don’t trade with high leverage. Cause 1 bad call and all the hard work will go in vain.
Putting SL has helped me a lot. There were times when I couldn’t read the trajectory properly but SL saved me from big loss. I used to put TP as well but nowadays I am using it less as I usually stop the trade by myself when in profit.
Scalping goes a long way. I started both of these trades few hours ago. Did better than expected. I have two more open positions. It’s better to find a coin, look at it’s trajectory for few days then enter. TP/SL helps if you use it properly.
$0G will probably go down more. So, I might open another trade on it.
This is the 4th time I have done it. There were ups & downs. Lots of good trades & some bad trades as well but did it once again.
I usually withdraw whenever I need money. So I have to start from scratch again. Let's see how far I can go this time. Probably till the end of this month.
$SOMI was a bad entry for me. I was looking at a big loss at one point. But I was making money through other coins so my liquidity was going high each day.
After waiting for 11 days I closed the trade almost where I started. More than happy with the situation.
#SOMIUSDT might reach 0.6 but I am not waiting anymore.
$FORM I have been holding this coin for a few days now. Finally closed the position. The price might go down till 2.5! Will open another position in the future if the downtrend continues.
$SAPIEN has been on my favourite list for two weeks now. Missed the opportunity to enter at the perfect time. So I scalped a bit.
Myx is getting a huge pump today. Already over 160%. I tried going short once but my SL triggered. I am glad that I used SL, otherwise I might have gotten liquidated.
Going short is a mistake rn. First of all the price is still going up. Secondly the Funding Fee is over 1% per hour. So, it’s a risky move.