While browsing local publications, I increasingly come across articles with such headlines, which probably frustrates me more than amuses, as the post is clearly not intended for professionals. Given the market volatility and many other factors, the task of earning from $100 to $1000 in a month, especially without risk, equates more to going to a casino than a reasonable decision. (However, this does not assert that it is impossible) But I wouldn't advise it.
So, we've figured out that this sounds implausible in the realities of most, now the question arises: how to earn on this exchange!?
1) First of all - you need to determine how much money you are willing to load onto the exchange that you would not mind parting with (sounds quite unrealistic already, doesn’t it?). But...
..This does not mean that you are loading them in one go, but rather that you are freeing yourself from distractions, such as: (unpaid bills, car maintenance costs, apartment rent, debts to neighbors... you get it, right?) Conclusion: You should not need the money you are trading with!
Having figured out the key factor (money allocation), let's move on..
2) Well, I loaded $1000 that I don't mind losing - what's next?
Load into meme coins with 50X leverage! 😂 🙄 just kidding..
After you have loaded the money, you need to set a goal for yourself.
How much do you want to earn from this $1000? This is important because the goal will steer you away from making mistakes, tilt state, and FOMO. (Many profitable positions of traders went into the negative for this reason, but this probably doesn't fit into this context)
3) After figuring out your desires, you will embark on a long journey from novice to a mature connoisseur of numbers, news, analysis, and all your monitors..
In general, here is the table, use it wisely, but first double-check my data, (not that I doubt it) this will be your first lesson!
why Ethereum specifically, I will post a bit later and add a similar table for another promising (in my opinion) coin if you find that interesting.
*Long position table $ETH with different entry points, margin, and liquidation price, as well as a hypothetical scenario of a 70% price drop.
Balance: $10,000
Entry Price: (of the coin itself): $900
Initial amount: $550
Position (20x): $11,000
Starting liquidation price: ~$110
Liquidation in scenario (-70%, over approximately 6 months): $136
Profit upon reaching $8000: (Personally, I'm expecting no less than) $86,678
Balance: $10,000
Entry Price: $1500Initial amount: $550
Position (20x): $11,000Starting liquidation price: ~$137
Liquidation in scenario (-70%, over approximately 6 months): $227Profit upon reaching $8000: $47,666
Balance: $10,000
Entry Price: $2000Initial amount: $550
Position (20x): $11,000Starting liquidation price: $182.55
Liquidation in scenario (-70%, over approximately 6 months): $303Profit upon reaching $8000: $32,406
Balance: $8000
Entry Price: $900Initial amount: $443.90
Position (20x): $8,878Starting liquidation price: ~$119
Liquidation in scenario (-70%, over approximately 6 months): $144Profit upon reaching $8000: $70,087
Balance: $8000
Entry Price: $1500
Initial amount: $443.90
Position (20x): $8,878Starting liquidation price: ~$149
Liquidation in scenario (-70%, over approximately 6 months): $240Profit upon reaching $8000: $38,423
Balance: $8000
Entry Price: $2000
Initial amount: $443.90
Position (20x): $8,878Starting liquidation price: $198.59
Liquidation in scenario (-70%, over approximately 6 months): $319
Profit upon reaching $8000: $26,614Balance: $5000
Entry Price: $900Initial amount: $277.45
Position (20x): $5,549Starting liquidation price: ~$119
Liquidation in scenario (-70%, over approximately 6 months): $144
Profit upon reaching $8000: $43,804
Balance: $5000
Entry Price: $1500Initial amount: $277.45
Position (20x): $5,549Starting liquidation price: ~$149
Liquidation in scenario (-70%, over approximately 6 months): $241
Profit upon reaching $8000: $24,014
Balance: $5000
Entry Price: $2000Initial amount: $277.45
Position (20x): $5,549Starting liquidation price: $198.34
Liquidation in scenario (-70%, over approximately 6 months): $320
Profit upon reaching $8000: $16,634Balance: $3000
Entry Price: $900Initial amount: $166.47
Position (20x): $3,329.40Starting liquidation price: ~$118
Liquidation in scenario (-70%, over approximately 6 months): $144
Profit upon reaching $8000: $26,282Balance: $3000
Entry Price: $1500Initial amount: $166.47
Position (20x): $3,329.40Starting liquidation price: ~$148
Liquidation in scenario (-70%, over approximately 6 months): $241
Profit upon reaching $8000: $14,408Balance: $3000
Entry Price: $2000Initial amount: $166.47
Position (20x): $3,329.40Starting liquidation price: $197.91
Liquidation in scenario (-70%, over approximately 6 months): $320
Profit upon reaching $8000: $9,980Balance: $1000
Entry Price: $900Initial amount: $55.49
Position (20x): $1,109.80Starting liquidation price: ~$117
Liquidation in scenario (-70%, over approximately 6 months): $144
Profit upon reaching $8000: $8,765Balance: $1000
Entry Price: $1500Initial amount: $55.49
Position (20x): $1,109.80Starting liquidation price: ~$147
Liquidation in scenario (-70%, over approximately 6 months): $241
Profit upon reaching $8000: $4,771Balance: $1000
Entry Price: $1500Initial amount: $55.49
Position (20x): $1,109.80Starting liquidation price: $195.73
Liquidation in scenario (-70%, over approximately 6 months): $321
Profit upon reaching $8000: $3,282Balance: $500
Entry Price: $900Initial amount: $27.75
Position (20x): $555Starting liquidation price: ~$117
Liquidation in scenario (-70%, over approximately 6 months): $143
Profit upon reaching $8000: $4,385Balance: $500
Entry Price: $1500Initial amount: $27.75
Position (20x): $555Starting liquidation price: ~$147
Liquidation in scenario (-70%, over approximately 6 months): $241
Profit upon reaching $8000: $2,385Balance: $500
Entry Price: $2000Initial amount: $27.75
Position (20x): $555Starting liquidation price: $195.73
Liquidation in scenario (-70%, over approximately 6 months): $318
Profit upon reaching $8000: $1,641
Balance: $100
Entry Price: $900Initial amount: $5.55
Position (20x): $111Starting liquidation price: ~$110
Liquidation in scenario (-70%, over approximately 6 months): $144
Profit upon reaching $8000: $877
Balance: $100
Entry Price: $1500Initial amount: $5.55
Position (20x): $111Starting liquidation price: ~$137
Liquidation in scenario (-70%, over approximately 6 months): $242
Profit upon reaching $8000: $477Balance: $100
Entry Price: $2000Initial amount: $5.55
Position (20x): $111Starting liquidation price: $182.55
Liquidation in scenario (-70%, over approximately 6 months): $322
Profit upon reaching $8000: $328