August Trading Challenge: $1,000 to $10,000
đ Swing Trading Strategy & Tips đ
Hey there! Welcome to our swing trading challenge. Here's how we'll approach it:
1. Trading Style:
Weâll 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:
Weâll 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 đ 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 isnât just about profits; itâs about enjoying the process too! Expect daily updates on our trades. Let's keep it exciting! đ
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? đš
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 đ " Bsjoebiden " đ to discover the next top coin on Binance with potential 5-30x returns in 6-8 months.
Enable notifications đ and have a great day! đ„
Bsjoebiden