Hey my Binance Family😍!!!
Today I thought about sharing a secret with. 😆
Before I share, please kindly go to the comment box to answer this survey question-Do you wish to be a profitable trader?
Having done that now; let's jump into the details....
I am confident that you will find this article very interesting and beneficial to you, if your answer is YES!
My secret is the Fixed Percentage Profit Trading Model.
Am sure that many of you will find this MODEL very profitable because it is achievable.
However the metrics to succeed with this kind of trading requires great discipline and Patience, Research and Strong will to succeed.
What is the Fixed Percentage Profit Trading Model?
It is a trading model or a trading template based on a fixed Take profit percentage model per trades. It requires that you start with a certain margin as required and earn a fixed percentage profit per trade and that profit is added to your margin to follow the same percentage principle over again continuously.
It carries the concept of fixed profit compounding as you trade with a percentage profit as target per trade.
Here is a sample photo of what it looks like with a starting margin of $10 using a fixed 25% fixed profit as target per trade.
While it seems to good to be true, The truth is it is 💯 possible, but it requires patience, experience, good research to pick out tokens that allow up to 25% either on #binancefutures or on #Spot.
I am sure you are itching to ask questions about issues like what if you loose a trade, it's not possible, sentiments will criple it and losing psychology and all those important metrics to consider!
I came prepared to answer all those!!!
Like I mentioned at the onset, it requires patience, research, resilience, the strong will to carry on, discipline and all the important values that every trader must have to be profitable.
Mainwhile the trading model itself also takes into consideration that losses can come in, so losses are capped at below 25%, so a Stop Loss (SL) of 10 - 25% is strongly recommended. This means that you must never lose a trade above that threshold.
Also note that while 25% is the fixed profit to earn per trade, you can earn above that, but must secure 25% first and your next trade must follow the procedure of adding 25% of previous margin as highlighted in the image shared in this article.
This means that whatever extra slippage or profit asides the 25% secured from the trade will remain as extra to cater for your losses, trading fees and even funding fees if you decide to use leverage to achieve your results, which is faster and most preferable by the way.
So in principle, you must first book 25% profit per trade, and if you decide to let the trade run for how long and whatever percentage u finally book, as long as it doesn't eat into the booked profits or margin, which also requires moving your SL(stop loss) into BE.(break even). While the extra profits booked is reserved for the trading bad day losses and other expenses levied on your account.
Now to the issues about psychology.
Think about this trading model as a way to train and discipline your trading psychology. Every trader must be able to train himself to learn that trading is a very risky business that means you must make losses as well as profits.
Like every other business, when your profits outweigh your losses, then you are profitable!
If you train your trading psychology to be "air tight and fire resistant", it will guide against, greed, impatience, indiscipline, over leverage and you will use the time to bother over a messed up psychology to find a better trading idea or a sniper entry
To me, just like the #gridtrading or #DCA that takes into cognisance that market volatility can move prices lower or opposite our bias and makes room for them, every trader must allow room for his trading psychology to believe that he will make losses and as long as those losses are far lesser than his profits, He will be successful.
Now let's talk about how to achieve Success using this trading model.
How to achieve Successful Results?
To be candid, there is no success formula or established model to achieve results. However I can share two tips with you that will work for you as long as you use them.
Tip 1: Don't Over leverage.
Just because you want to get a fast 25%, doesn't mean to "throw caution out of the window" especially when you're leveraging.
Remember that, if a token moves:
0.5%, that's 25% on 50x leverage,
1%, that's 25% on 25x leverage,
2.5%, that's 25% on 10x leverage,
5%, that's 25% on 5x leverage,
So it's up to you to choose the type of leverage that your trading psychology favours, but always remember that Over leverage will kill you someday, whether today or tomorrow, it's only a question of when not if.
High leverage is like fighting with a Shortgun without checking how many bullets you gave left.
You may shoot it once, twice, thrice or even four times times to kill the enemy, and you successfully kill them, but when you want to shoot to kill the last enemy, it hits you that your bullet is finished and your enemy kills you instead!
Get loaded aright! Don't ever Overleverage.
Tip 2: Choose Good Trading Pairs.
A good research about trading pairs on the FX market or Crypto market will show you tokens that are characterised by 2-3% movement at certain grids like support, resistance, liquidity sweep, etc. So you will need to bury your heart into that research to fill up your watchlist with the right trading pairs that can do the magic.
Ordinarily low cap tokens like $CFX can easily achieve 1-3% without leverage, so it wouldn't hurt to run a very low leverage like 3-5x with them. And for big cap coins Like #BTC, #BNB, $ETH , even with a 5-10x leverage.
You can make a 25% profit more than once a day only trading $BTC along grids.
So once again, it's up to you to choose the right trading pairs to get the right results.
So here is my secret trading strategy and I hope to soon start a 30 days trading challenge using a 10$ margin to trade this Fixed Percentage Profit Trading Strategy.
Please feel free to drop your comments in the box, if you will be interested to Join the challenge when it commences; also share your ideas as to how to track, if you will need to join a group on Whatsap or telegram to track your progress etc.
Keep following me for these updates, tips and guide on how to make your trading career more profitable in the crypto market.
Pompey Fintech Academy loves you.🥰🥰
