How to make 1 million with 3000 through cryptocurrency trading!
1. Properly manage your funds with diversified positions, it's very important!!! For example, if you have 10,000 USDT, divide it into 5-6 parts, using only 2,000 USDT for each trade.
2. Take out one portion of USDT for spot trading.
3. If the price drops by 10%, buy another portion.
4. When the price rises by 10%, sell one portion.
5. Repeat the above until all USDT is used up or all is sold out.
According to this strategy, even if the price drops after buying, there’s no need to worry because we will continue to buy as the price drops.
In fact, if all five parts of your funds are used up, the price would have likely dropped by nearly 50% at least.
Unless there's a major crash, the price won’t drop 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 you sell, you can gain a profit of 10%.
Taking an example of 100,000 total funds, if you use 20,000 each time, then each sale will yield a profit of 2,000.
However, this strategy also has its flaws.
A 10% fluctuation range is quite large, which may lead to trades not being executed easily, increasing waiting time costs significantly.
During this period, you cannot engage in other trades.
But!!! This issue can be resolved by narrowing the fluctuation range.
For example, you could choose to buy more stable cryptocurrencies and invest in Binance's financial products while funds are idle. This way, you can earn additional profits while waiting for price fluctuations.
