Hey Traders! A Stock trader grew his stock trading account from a $1,500 start-up capital to currently $14,000,000 (Fourteen Million Dollars) in 11 Years as of the time of writing this post.
The question is! Can a CRYPTOCURRENCY trader achieve the same financial growth over the same period of time trading the various CRYPTOCURRENCY Assets on the BINANCE exchange?
Leave your comments below!
So the stock trader said that what led to his amazing success was minimizing his losses and maximizing his profits.
He also said that he resisted the urge of having any sort of emotional affection for the stocks he traded.
Meaning if the stock price dipped back down to his stop-loss price, he will immediately sell the stock at a loss, and if the stock price bounces up by 10% to 20% or more, he will sell the stock in profit.
He said, small gains add up over time. And in 11 years, he grew his stock trading account from $1,500 to $14,000,000 (fourteen million Dollars).
So how can we replicate this result in the CRYPTOCURRENCY market?
If you have an idea of how a retail CRYPTOCURRENCY trader can replicate this result, drop your comments below.
But before I show you my personal idea of how to replicate this result as a CRYPTOCURRENCY trader!
Note that you cannot replicate this amazing financial result by being a CRYPTOCURRENCY investor, who only believe in buying and holding CRYPTOCURRENCY Assets and hoping they will rise very soon.
Only a good CRYPTOCURRENCY loser can replicate this stock trader’s success.
The question is! How can a CRYPTOCURRENCY trader minimize losses and maximize profit?
Here’s how to do it!
First you have to believe that CRYPTOCURRENCIES are only trading vehicles to make more money or lose small money. Holding and hoping is not allowed if you want to make millions Dollars.
Secondly, you need to have a trading signal tool that can precisely tell you when to trade short or long. Of course you should already know that there are two ways to trade CRYPTOCURRENCIES which is short or long.
And the best free signal tool that can correctly tell you when to trade long or short is the almighty BITCOIN market price.
Thirdly, you need to have a consistently profitable trading strategy that supports at least a profit-loss ratio of 6:1.
Let me know the Profit-loss ratio of your trading strategy below.
And finally you need to have an entry condition in place before you can jump right into buying any CRYPTOCURRENCY Asset.
For example before I buy any CRYPTOCURRENCY on the BINANCE Exchange, the price action of the CRYPTOCURRENCY must form a two green candlesticks between my stop-loss price and my entry price.
And once I see that price action has done what my trading strategy likes, I will buy the coin and if the coin fails to continue an up trend moves , I will sell the coin at a loss.
And I will not hold any grudge against the Coin for failing to perform well.
Instead I will trade the Coin again if it moves in sync with my strategy.
So traders! I believe you can replicate the result of the stock trader above following the 4 steps I just touched on in this post.
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