1. Patience is Key:Trading isn't a one-day game; it's like nurturing a business—allow it to grow steadily.
2. Consistency Over Quick Wins:Avoid the urge to win big in a single day; it's about maintaining a consistent approach.
3. Size Your Trades Sensibly:With $100, allocate $10 per trade; this keeps your risk manageable and sustainable.
4. Diversify, Don't Overtrade:Open 4-6 trades daily to spread risk, but never overextend yourself.
5. Stop Loss and Cross Margin:Always use stop loss orders and consider cross margin to safeguard your investments; poor money management, not money, leads to losses. #etf#xrp#BTC$XRP $BTC
How to make INR 5000 daily by investing INR 50,000
To make INR 5000 daily by investing INR 50,000, you will need to generate a daily return of 10%. Here is a possible breakdown:
1. Choose the right trading pair. 2. Use leverage carefully, starting with 10x leverage. 3. Use technical indicators to identify trading opportunities, such as MACD, Volume, and RSI. 4. Follow the news to stay up-to-date on the latest developments. 5. Be patient and trade responsibly.
Here is an example of a trade setup:
* Enter a long position with 10x leverage if MACD line crosses above signal line, there is a spike in volume, and RSI is oversold. * If the price of Hive Steps increases by 10%, your profits will be multiplied by 10.
It is important to note that this is just an example and there is no guarantee of profits. Crypto futures trading is a very risky investment and you should only invest money that you can afford to lose.
Here are some additional tips:
* Do your research and start small. * Use stop-loss orders and take profits regularly.
Please trade carefully and responsibly. #etf#xrp#BTC$BTC $XRP