Can you make a million in the cryptocurrency market in one year?
The answer is yes.
I want to share with you a simple yet very practical trading strategy that I have been using:
1. Divide your available funds into five equal parts. If you have 10,000, split it into five parts, using 2,000 for each trade.
2. Use one portion of your funds to buy a cryptocurrency at the current price.
3. If the price drops by 10%, buy another portion.
4. When the price rises by 10%, sell one portion.
5. Repeat the above steps until all funds are used or all cryptocurrencies are sold.
With this strategy, once you buy, you don’t have to worry even if the price drops, because when the price drops, we will continue to buy. In fact, if all five portions of funds are used up, the price has likely dropped by nearly 50%. Unless there is a major market crash, the price won’t drop that quickly.
From a profit perspective, each time you sell, you can gain a 10% profit. For example, with a total fund of 100,000, if you use 20,000 each time, each sale will yield a profit of 2,000.
However, this strategy also has certain issues. A 10% price fluctuation is relatively large, which may lead to difficulties in executing trades, thus requiring a longer waiting time. This can affect the efficiency of fund usage, as funds may remain idle for long periods or be tied up in a particular cryptocurrency.
However, this issue can be addressed by narrowing the fluctuation range. For example, you can choose to buy cryptocurrencies with high stability and invest in Binance financial products when funds are idle. This way, you can earn additional income while waiting for price changes.
One trade made 8,000 USDT. Follow Brother Jie, and eat nine meals a day! Whether you earn more or less is up to you, but I only give this opportunity once. If you want to get on board, hurry up! Don't wait until others have made their profits and then regret it!
The market doesn’t wait for anyone; hesitation means missing out!