From the first day I entered the world of cryptocurrencies, I wanted to take advantage of day trading as an opportunity to generate extra income. I thought it was easy, but over time and with learning, I understood that success in trading requires knowledge, patience, and a clear plan.
I started on the Binance platform with just $50, and I was working on pairs like BTC/USDT and SOL/USDT. I used the platform's tools like:
TradingView for technical analysis
Stop-Limit Orders to protect capital.
The advantage of Spot Grid Trading when the market is volatile.
The most important thing I learned from day trading:
1. Controlling Emotions: Greed and fear can destroy any trade.
2. Commitment to the Plan: You must have a strategy and not change it based on mood.
3. Capital Management: I have never entered a trade with more than 10% of my account.
4. Continuous Learning: Every day the market teaches me something new, and Binance has excellent educational resources.
I lost in some trades and won in others, but the most important thing is that I became more financially aware, and I have a daily source of income – even if it's small – through trading.
If you're still thinking about starting, I advise you to start small, learn a lot, and use Binance because it really makes everything easier for you.