I started to trade in cryptocurrencies at the age of 24 and earned my first pot of gold of 3 million yuan in my life!

How excited I was. To be honest, it opened the door to my new world in the crypto circle.

I personally tested the method and expressed it in words for reference:

A simple but very practical crypto trading strategy I have been using:

1. Divide the funds on hand into five equal parts. If you have 10,000 yuan, divide it into five parts, and use 2,000 yuan for each transaction.

2. Use one fund to buy a currency at the current price.

3. If the price of the currency drops by 10%, buy another one.

4. When the price of the currency rises by 10%, sell one.

5. Repeat the above steps until all the funds are used up or all the coins are sold. Under this strategy, once you buy, you don’t have to worry even if the price of the currency falls, because we will continue to buy when the price of the currency falls.

In fact, if all five funds are used up, the price of the currency has at least fallen by nearly 50%. Unless there is a waterfall in the market, the price of the currency will not fall so fast. From the perspective of income, each sale of funds can bring a 10% profit.

Taking a total fund of 100,000 as an example, if 20,000 is used each time, then each sale will earn 2,000 yuan. However, this strategy also has certain problems.

The 10% fluctuation range is relatively large, which may make it difficult to complete the transaction, so it takes longer to wait.

This will affect the efficiency of fund use, because the funds may be idle for a long time or occupied by individual coins. However, this problem can be solved by reducing the fluctuation range.

For example, you can choose to buy a currency with high stability, and choose Binance's financial products for investment when the funds are idle. This way, you can get extra income while waiting for the currency price to change.