💹A simple but very practical cryptocurrency trading solution:💹
1. Divide the funds on hand into five equal parts. For example, if you have 10,000 dollars, divide it into five parts and use 2,000 dollars for each transaction.
2. Use one fund to buy one currency at the current price.
3. If the price of the currency drops by 10%, buy another one.
4. When the price of the currency rises by 10%, sell one share.
5. Repeat the above steps until all funds have been used up or all coins have been sold.
Under this strategy, once you buy, you don't have to worry even if the price drops, because we will continue to buy when the price drops. In fact, if all five funds are used up, the price of the currency has at least fallen by nearly 50%. Unless there is a market waterfall, the price of the currency will not fall so fast. From the perspective of income, each sale of funds can bring a 10% profit. Taking a total fund of 100,000 as an example, if 20,000 is used each time, then each sale will earn 2,000 yuan.
However, this strategy also has some problems. The 10% fluctuation is relatively large, which may make it difficult to complete transactions, so it takes longer to wait. This will affect the efficiency of fund use, because the funds may be idle for a long time or occupied by individual coins.
However, this problem can be solved by reducing the volatility. For example, you can choose to buy a currency with high stability and choose Binance financial products to invest when your funds are idle. This way, you can get extra income while waiting for the currency price to change.
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