The 1% Rule
Before I start writing this article, I want to make it clear that this is not a suggestion or financial advice; it is just the method that works best for me in the crypto market, due to its high volatility.
We are all in this market seeking profitability; after all, a crypto is not a real asset (like a property or other material goods), and its value is based only on speculation, meaning:
- High demand = high prices.
With that in mind, I decided not to become a holder of any crypto, as besides being something intangible, I am not patient enough to wait months or years for a coin to appreciate by 20%, 50%.
The method I use to trade crypto is quite simple:
I aim to earn 1% per day, that’s it!! Seems small, right? But let's do some calculations:
- If you invest $1k, and manage to profit 1% per day, if in a year you achieve 300%, you will have $4,000; if you keep doing the same, in 5 years you will have $1M.
- If you start with $10k, in 4 years you will have $2.5M.
Join in, choose the investment of the day, buy, take your profit, and exit. Don’t wait for the ATH as the market is unpredictable and can turn at any second, ruining your past gains.
It seems simple, but in reality, it requires a lot of discipline. Greed is the ruin of many in this market, so don’t be greedy; be consistent, as that is the only way you will achieve real profits in the long run.
Stop dreaming and waiting for the next unicorn ($BTC ) because there won't be another; focus on profitability!
