August Trading Challenge: $1,000 to $10,000
🚀 Swing Trading Strategy & Tips 🚀
Hey there! Welcome to our swing trading challenge. Here's how we'll approach it:
1. Trading Style:
We’ll focus on trades that last between 1-10 days, using the 4-hour (4H) timeframe. This helps us catch trends while avoiding unnecessary noise.
2. Leverage:
We’ll be using 10-20x leverage, which amplifies both potential profits and risks. Keep a cool head and stay disciplined!
3. Take Profits:
- TP1: The first target is where the price might encounter support or resistance.
- TP2: The second target is more ambitious, aiming for where the trend could potentially exhaust.
4. Stop Loss Strategy:
Once TP1 is hit, immediately move your stop loss to the entry point. This locks in your gains and ensures that if the market turns, you exit without a loss.
5. Notifications:
Make sure your chat notifications are ON 🔔 so you don't miss any real-time trade updates.
6. For Smaller Bankrolls:
- If you can't start with $1,000, no worries! Start with $100 or $500.
- Use the same leverage and maintain the same percentage of your bankroll per trade. Consistency is key!
7. Daily Updates & Fun:
This challenge isn’t just about profits; it’s about enjoying the process too! Expect daily updates on our trades. Let's keep it exciting! 🎉
If you have any questions or need clarification, feel free to ask in the chat. Discipline and staying informed are our best allies in this game.
Next Step? 🚨
I'll share the next coin name and buy/sell range on CoinMarketCap (CMC).
How to Find It:
1. Download the Coinmarket app from the Play Store or App Store.
2. Search for 👉 " Bsjoebiden " 👈 to discover the next top coin on Binance with potential 5-30x returns in 6-8 months.
Enable notifications 🔔 and have a great day! 🥂
@Bsjoebiden