I sincerely suggest everyone go to the cryptocurrency world; I traded from 50,000 to 20,000,000! Thank you for these experiences! 1. It's very important to manage your funds well, for example, if you have 100,000 USDT, divide it into 5-6 parts, and use 20,000 USDT for each trade. 2. Use one part of the funds to buy a cryptocurrency at the current price. 3. If the price drops by 10%, buy another part. 4. When the price increases by 10%, sell a part. 5. Repeat the above steps until all funds are used up or all coins are sold. This…
I sincerely suggest everyone go to the cryptocurrency world; I traded from 50,000 to 20,000,000! Thank you for these experiences!
1. It's very important to manage your funds well, for example, if you have 100,000 USDT, divide it into 5-6 parts, and use 20,000 USDT for each trade.
2. Use one part of the funds to buy a cryptocurrency at the current price.
3. If the price drops by 10%, buy another part.
4. When the price increases by 10%, sell a part.
5. Repeat the above steps until all funds are used up or all coins are sold.
With this strategy, once you buy in, you don't have to worry even if the price drops, because when the price drops, we will continue to buy.
In fact, if all five parts of the funds are used up, the price has at least dropped by nearly 50%. Unless faced with a major market crash, the price won't drop so quickly. From a profit perspective, every time you sell, the funds can bring a 10% profit.
For example, with a total capital of 100,000, if you use 20,000 each time, then each sale will yield a profit of 2,000.
However, this strategy also has certain issues.
A 10% fluctuation is relatively large, which may make it difficult for trades to be executed, thus requiring a longer waiting time. This will affect the efficiency of fund usage, as funds may remain idle for long periods or be occupied by individual cryptocurrencies.
However, this problem can be solved by reducing the fluctuation range.
For example, you can choose to buy more stable cryptocurrencies and invest in Binance wealth management products during idle fund periods. This way, you can earn additional income while waiting for price changes.
I have been in the cryptocurrency world for a full 10 years now; in the first three years, I lost over 700,000 of my 1,000,000 capital!
The account began to turn profitable; by combining short and medium-term operations, I no longer blindly rushed in and out but planned the account well; combining short and medium-term is the best compounding! Later, I turned the remaining 300,000 into over 45,700,000!
If you don't plan to leave the cryptocurrency world in the next three years and are determined to treat trading as a second career, you must read these 10 iron rules; they are practical tips for trading to support a family, and I recommend saving them!
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