Hello to all my dear CNLOVERS, today I bring you the following article, in which I present my ideas and clarify "they are not financial recommendations of any kind" it is just so that you can get an idea and let's learn together.
Today's phrase is the following and I quote Warren Buffet said "Follow the rules. Buy low and sell high." (American billionaire investor and businessman).
To understand today's idea I will explain the pros of the types of investments I use and why. I talk to you about Spot and Futures.
SPOT: is where you buy fractional shares as your assets. Thus becoming owners of that small fraction of action translated into cryptocurrency.
FUTURES: is where you buy a contract with the cryptocurrency in question to acquire profits and you do not acquire the action as such.
Simple, I use Spot when I want to hold a cryptocurrency for the long term to benefit from its rise and futures I use it to day trade volatile cryptocurrencies.
It should be noted that I always use futures Isolated and with a maximum leverage of x10. (If you are new to this it is the most recommended).
These two strategies are of very different usefulness, but they operate the same market and this is the point I want to get to today. In Futures and Spot there are the famous grids where people configure a bot to practically do self-trading and not spend all day in front of the screen (all this and I REPEAT with a previous study). This with a "Profit and Loss" margin in order to know when approximately a cryptocurrency rises or falls since the candles tend to have a pattern resulting from the executed grid. It should also be noted that this is susceptible to change depending on the market.
Last but not least, it is not always trading time. This, for example, since the bitcoin halving is approaching, it is an excellent time to trade and obtain a good % profit.
With this we conclude today's idea, I hope the information I shared in this article has been useful to you, remember that this information is based on what I have learned, it is not financial advice or anything similar. I have been learning this from a set of reliable sources and investors with good status in the world of cryptocurrency.
Remember that this information was provided by CriptoNachito, if the information was useful to you and you liked it, do not forget to leave your like, share and only if you like send a donation.
Have a nice night, says goodbye to your humble servant CriptoNachito ☀️