In the next post, I will talk about the rule of 3, and depending on the amount you have to start with, you can earn more than 1 salary a month on Binance.
The tips apply to all amounts: 10 dollars, 100 dollars, 1,000 dollars, 10 thousand.
What you need to understand is that this is a percentage rule, you MUST adhere to this rule.
You can choose 1%, 2% or 3%, the goal of the post is the number 3.
What is the rule of 3 and how to apply it?
The rule of 3 is a percentage number that we will use in all transactions.
For example, I have 10 thousand dollars to invest, I will not invest all 10 thousand in one cryptocurrency, but distribute them across 50 or 100 cryptocurrencies.
Why 50 or 100? Because the chance of losing money is much lower than when investing in one.
So, if I have 10 thousand dollars, I will make 100 purchases of 100 dollars each in different cryptocurrencies.
And when to sell?
The sale will be made when the price increases by 3%, which is the rule.
For example, you bought for 100 dollars, 3% of 100 dollars is 3 dollars, so when the price reaches 103 dollars, you sell.
In some cases, the price may rise to 105 dollars, 107 dollars — it's normal sometimes, if that happens, just sell, don't wait for an increase because the market fluctuates, it goes up and down.
Don't sell below 1%, why?
Binance charges an extremely SMALL fee for buying and selling compared to other platforms.
How much do they take?
0.075% of the amount.
If I calculate 0.075% of 100 dollars, that is 7 and a half cents (0.075 dollars).
Thus, when buying for 100 dollars and selling for 103 dollars, the fees will amount to almost 16 cents for both transactions.
But what if I buy for 100 dollars, and the price starts to fall?
The first advice is to wait, because the market is volatile, it goes up and down... However, if the price drops significantly, for example to 50 dollars, with profits from other trades, you will buy again at 50, and leave it in the account, sooner or later it will rise.
I recommend buying $SHIB $HUMA $PEPE
