„Take your profit“

You probably heard and read this often. It means to cash out gains from your assets that has rallied from the time you purchased it.

Surely it will benefit an individual but will also affect the market especially if big gains are taken out.

But if you‘re not a whale like me, taking small profits is a way to earn.

The chart below shows a steep dip and then an abrupt rise on #BTC earlier - in an ideal world, we could have clicked „sell“ as it starts the downward trail and then „buy“ as it goes up. But if you‘re not knowledgeable about charts and candles, it can be dangerous (for your assets).

I managed to take some profit while nervously watching the chart rise as I clicked buy instead of sell during the decline. 😳🥹😩

I didn‘t do it on Binance though, I use another app called Xtrend (go to link to join and get credits you can use to trade : https://xtrendspeed.com/s/bAzqMj - you need the referral to get credits).

Xtrend does trading differently than Binance, and you even see your earnings or losses on the order page. See second photo, this was when I was trying the app at first using a small capital and trading small lots. (It‘s somehow like Metatrader but has a different interface.)

What I like about Xtrend - 1. you get extra credits when you deposit money 2. if you lose in a trade, you get back the lost amount in credits so you can trade again - you can withdraw the profits when using credits but it doesn‘t deduct anything from the losses.

Comment below if you would like to learn how to use Xtrend.

#Write2Earn