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Viza
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$WIF
I always short till a coin is cheap enough to buy. Might be time to load up.
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WIF
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Viza
@viza
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$WIF where are all the people that said it was going to 2.3, 2.5, 3 yesterday? Thought so. Charlatans. Just trade in the known range and stop FOMO shooting yourself in the foot.
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$WIF I might laugh at people who buy now and complain later.
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$WIF the coin is trading in a range. Always make me laugh when charlatans try to say WIF will go to 2+ or 1.5.
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Win again.
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I tried a $50 challenge and here are the results after a month. Pretty simple strategy trading within known price ranges and trading for reversals. Tips for growing a small account: 1. Pick your coins. A significant part of my strategy is picking the right coins. For growing a small account quickly, you want to look for decent volatility memes. You can see the coins I traded for reference. I do not pick coins with a market cap under 200 million to keep myself safe from rug pulls and significant whale activity. Study these coins and figure out the kind of range it likes to trade in. For me my main coin is WIF which I've traded and watched since launch. I have a good baseline for how it likely moves. 2. Range trading. For a small account, you will likely be leveraged in any hopes of growing quickly. With that in mind, you want to take smart safe trades. If you notice a coin is trading back and forth in a 2-3% range, that's a good opportunity to take advantage of. You have a decently likelihood of revisiting said prices. 3. Leverage tapering. As your account size grows, take less risk and use less leverage. I transitioned from around 10x leverage in the beginning to now 2x. I prefer to trade in fixed position sizes as opposed to using the leverage meter in order to be more leverage disciplined. For example at 4k I might use 10k position size, and use the same size up till maybe 5-6k. Lastly, if you have no confidence in your trade playing out, don't trade. I am experienced so I have a stronger risk tolerance than most and it has paid off for me. This has only been possible by trusting my analysis and setting wide stop losses. I set them as wide as 20% since at later stages of the challenge I am trading with profits. No loss to my capital and my strategy is rock solid. Note that I have been trading for a long time so by no means is this easy.
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