I turned $50 into $37,000 by buying and selling coins in the current phase, how? 👇
The market is clearly in an uptrend, but have you really made a profit from it?
If you strictly follow the principles below, you can definitely increase your chances of making money from the market:
1️⃣. Choose a coin before buying:🪙
Don't rush to buy any coin. The first thing you need to do is to research thoroughly to find truly promising projects.
2️⃣. Invest from a small capital and manage DCA (dollar-cost averaging):💵
Split your investment capital, for example, with $1,000, you can divide it into 5-10 parts. When the coin price drops by 15-20%, start DCAing each part to optimize your entry point.
3️⃣. Even small profits should be taken wisely:🌹
When profits reach 10%-20%, consider taking back your principal and keeping the profit. If the price continues to rise, the profit will generate additional profit. If the price drops, you still preserve your capital and the profit you've taken.
4️⃣. Repeat the investment cycle:🪙
Continue to apply the DCA strategy for subsequent cycles to reduce risk and optimize profits.
=> By persistently adhering to these principles, you will build a solid investment strategy in a volatile market.
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