My name is Pooja Kumari, and I want to share how I made 1 lakh dollars trading on Binance. It didn’t happen instantly, but with the right strategies and learning along the way, I reached this milestone. Here’s how:
1. Start Small and Learn
I began by investing a small amount, just a few hundred dollars, into Bitcoin and some altcoins. I focused on understanding the basics—watching tutorials, reading articles, and engaging with crypto communities to learn the ropes.
2. Diversify and Use Technical Analysis
Instead of putting all my money into one coin, I spread my investments across Bitcoin and altcoins with strong potential. Binance offered a wide range of cryptocurrencies, which helped reduce risk. I also learned technical analysis—studying charts and using key levels like support and resistance to make informed decisions.
3. Dollar-Cost Averaging (DCA) and Risk Management
I practiced dollar-cost averaging (DCA), investing a fixed amount each month. This strategy helped me avoid emotional decisions and allowed me to accumulate more coins over time. I also focused on risk management—never investing more than I could afford to lose and using stop-loss orders to protect my investments.
4. Stay Patient and Take Profits
The crypto market is volatile, so staying updated on trends and news was important. I stayed patient during market downturns, knowing the market often rebounds. I also made it a habit to take profits when my investments grew, locking in gains rather than waiting for the market to peak.
My breakthrough came when I found a promising altcoin and invested more heavily in it. The coin’s price shot up quickly, and my portfolio grew significantly, helping me reach 1 lakh dollars.
By using a combination of strategies, learning, and patience, I achieved my goal. If you’re starting out in crypto, remember to diversify, manage your risk, and stay disciplined.