I have been trading crypto currencies on Binance for a few months now.
As a beginner, I can tell you that it has been a roller coaster of super crazy highs and even more super crazy lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days.
At times I have managed to multiply my money 400% in a week and then proceeded to lose all these gains the next because of the high volatility of cryptos.
I am not a major crypto hodler simply because I cannot afford to. I do not have extra money that I can put there to sit around as I wait months or years even for it to rise and for me to watch it go through these crazy highs and lows. Money is super tight especially in the second year of a global pandemic. And I need my money to be circulating in and out of a venture for it to best benefit me and my situation right now.
For these reasons, I needed a strategy that could best suit me. And after some experience, I came up with this one.
I trade my crypto on Binance. After a few months of interacting with the platform, I noticed that at least 50 different trading pairs manage a 10 - 20% rise daily. Some even go to crazy highs of 800% in one day on some occasions! Some selected few manage 100% rises while others do between 40% and 80%.
My focus at this point is usually on the ones that rise 10 -20 % daily as they are the regular occurrences and the purpose of this story. This strategy applies only to spot trading.
The strategy
Scenario 1
If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day. $BNB
THIS METHOD WILL HELP YOU EARN $100 EVERY WEEK FROM FUTURES TRADING.
This method will help you earn $100 every week from futures trading. This particular method will guide you on how to make $100 weekly with just $20 capital for trading. I have personally tried this method and it worked for me, so I believe it will work for you too.
Six things to consider before placing a trade:
1. Set goals.
2. Stay determined.
3. Set take profit and stop loss levels.
4. Only use 10x leverage.
5. After executing your trade, close the Binance app and check back later for your profits. Please note that watching your trade may tempt you to close it prematurely, so always follow these rules.
6. Let your take profit and stop loss levels automatically close your trade for you. That's why it's important to close the Binance app after executing the trade, so you won't be tempted to close the position yourself due to fear.
How to get started:
First, determine the amount you want to make in each trade. For example, if your trading capital is $20, the profit at which you should close your position is $2. Closing the trade at a $2 profit is recommended because, with a $20 capital, there is a 90% chance of making $2 without losing your money. Once you've made enough profit to increase your capital to $30, adjust your earnings to $3 per trade, which means closing your position at a $3 profit, and so on until you start making $10 per trade. Believe me, this method is the best and it doesn't fail.
I started my crypto journey with a small capital of $15, and using this method, I was able to multiply my capital within a few weeks.
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Learn How to Make $100 a Day Trading Cryptocurrency as a Beginner
Learn how to make $100 a day trading cryptocurrency by identifying potential buying opportunities on Coin Market Cap, using indicators like Bollinger Bands and RSI, and executing quick in-and-out trades.
Key insights
💰Trading altcoins can be a profitable way to make money, and there are techniques to find and trade them on platforms like Binance and Trading View.
💰Trading coins with a huge market cap and decent volume, such as Polkadot and Ontology, can be a great way to make money in cryptocurrency trading.
💰There are opportunities to make money in the cryptocurrency market, even during rough weeks where many coins are down in value.
📚The Bitcoin Blueprint offers a comprehensive guide to making money with cryptocurrency, including strategies for long-term investing and day trading.
📈The speaker recommends sorting by seven days on CoinMarketCap and checking which exchange has the highest volume for a particular cryptocurrency before making a trade.
📈The Bollinger Bands can be used to identify potential trading opportunities when the price touches the lower band and the RSI is below 30, indicating oversold conditions.
📈With enough capital and a disciplined approach, it's possible to make an average of $100 per day trading cryptocurrency.
💰Day trading can be a profitable way to make money in cryptocurrency, with potential gains of up to 8% in just 16 hours.
You may have encountered some extravagant forecasts circulating on social media regarding these figures. However, these projections appear more like wishful thinking than reliable predictions, resembling something a child might conjure up.
To those entering the crypto realm, heed this advice: Approach these ambitious predictions with caution. Achieving these price points by 2030 is a considerable stretch. Conduct thorough research before making any investment decisions.
Many newcomers in the crypto space often begin by investing in inactive coins and seeking advice later. Yet, this isn't the wisest approach. Educate yourself first—I speak from experience.
I share this guidance to help you navigate common pitfalls. If you've encountered similar hype, let's discuss it.
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🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
You may have encountered some extravagant forecasts circulating on social media regarding these figures. However, these projections appear more like wishful thinking than reliable predictions, resembling something a child might conjure up.
To those entering the crypto realm, heed this advice: Approach these ambitious predictions with caution. Achieving these price points by 2030 is a considerable stretch. Conduct thorough research before making any investment decisions.
Many newcomers in the crypto space often begin by investing in inactive coins and seeking advice later. Yet, this isn't the wisest approach. Educate yourself first—I speak from experience.
I share this guidance to help you navigate common pitfalls. If you've encountered similar hype, let's discuss it.
LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
Scalping is one of the quickest strategies used to make little gains in trading, is all about performing several buying and selling in minutes to take small profits repeatedly, which aims at accumulating more profits. But that's not where it ends and there is a catch to the bigger picture. If i should scalp with anybody, i will definitely take more profits than them and here is how in a practical way:
✍️ Analyse top gainers by 3am (UTC).
✍️ Compare top gainers on Binance with like 4 Cex to see if 2 or 3 Binance top gainers are there as a top gainer on other Cex.
✍️ Pick 3 and spread your investment.
✍️ Scalping is the strategy.
✍️ If you want to scalp each with $1000 then spilt the $1k into 10 places.
✍️ Buy with $100 first and you will see the price drop, keep doing DCA on every drop. Sell out when it climbs above your buying point. You can repeat the process several times to accumulate more gains.
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