Trading in the crypto market can be exciting, especially when you start small and smart. I recently made my first trade with Dogecoin (DOGE) on Binance, and here’s how it went.
🔹The Setup:
I decided to invest $10 in DOGE. I placed a limit buy order at $0.17361, which means I set the system to buy only if the price dropped to that level. Fortunately, it did! I successfully bought around 57.94 DOGE coins.
🔹The Goal:
My next move was to sell at $0.19, setting another limit sell order to automatically take profit when the price rises.
🔹 What I Learned:
Limit orders help control your entry and exit points without needing to monitor the chart 24/7.
Even with a small amount like $10, you can generate profits if your strategy is clear.
Patience is key. Your order may take hours or days to fill, depending on the market.
Current Status:
At the time of writing, my DOGE is still in the wallet, and the price is slightly below my target. But I’m holding until it reaches my sell point. Once that happens, I’m expecting nearly $1 profit after fees, which is a ~10% gain—not bad for a beginner!
💡 Tip for New Traders:
Start small, use limit orders, and never panic during price dips. Learn the process and grow with it. Every successful trader once started with their first $10 too!
Would you like to follow my trading journey? Stay tuned as I share more strategies and results on M.Square!
#CryptoJourney #SmartTradingStrategies
