I traded cryptocurrencies and earned $85,000 from just $4,500 in one year. š
After many ups and downs, hereās what Iāve learned about trading:
Trading Tips š 1. Divide Your Funds š°: Split your money into 5 parts. Only use 1/5 at a time. ā¢ Set a stop loss of 10 points. If youāre wrong, youāll lose only 2% of your total funds. ā¢ If youāre wrong 5 times, youāll lose 10% max. ā¢ If youāre right, aim for a profit of more than 10 points.
2. Follow the Trend š: ā¢ In a downward trend, donāt rush to buy. ā¢ In an upward trend, every dip is a golden chance to buy.
3. Avoid Short-Term Spikes š: ā¢ Coins that surge quickly often drop just as fast. Donāt gamble on them. 4. Use MACD Signals š: ā¢ A golden cross below the 0-axis = strong buy signal. ā¢ A dead cross above the 0-axis = time to sell.
5. Donāt Cover Losses š«: ā¢ Never add more money to a losing trade. ā¢ Add funds only when youāre making a profit. 6. Watch Volume and Price š: ā¢ Big volume + low prices = a potential breakout. 7. Stick to Upward Trends š: ā¢ Trade only coins moving up. ā¢ Use these moving averages: ā¢ 3-day line = short-term rise. ā¢ 30-day line = medium-term rise. ā¢ 84-day line = big wave rise. ā¢ 120-day line = long-term rise. 8. Review Your Trades š: ā¢ Check if the coinās direction has changed. ā¢ Analyze your strategy and improve. Simple rules, big results! š
Some Quick trades in Bullish Market
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