From 30,000 to 10,000,000 in crypto! Thanks to the master 🤝
1. It's crucial to manage all funds with proper allocation. For example, if you have 100,000 USDT, divide it into 5-6 portions, using only 20,000 USDT for each trade.
2. Take out one portion 💰 for spot trading.
3. If the coin price drops by 10%, buy another portion.
4. When the coin price rises by 10%, sell one portion.
5. Repeat the above until 💰 is fully used up or all sold out.
According to this strategy, even if the coin price drops after buying, there's no need to worry because we will continue to buy when the price drops.
In reality, if all five portions of funds are used up, the coin price would have dropped at least nearly 50%.
Unless there's a major crash, the coin price won't fall that quickly. However, based on three years of market trends, the probability of a major crash is very low. From a profit perspective, each time the funds are sold, a 10% profit can be made.
For example, with a total fund of 100,000, if 20,000 is used each time, then each time sold will yield a profit of 2,000.
However, this strategy has its flaws; a 10% fluctuation is relatively large, which may make trades harder to execute, increasing the waiting time cost significantly.
During this period, you cannot engage in other trades.
But!!! This issue can be resolved by reducing the fluctuation range.
For instance, you can choose to buy stable cryptocurrencies and invest in Binance wealth management products while waiting for price changes. This way, you can earn additional income while waiting for market movements.
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