I am not saying you need a million dollars to start trading. You don’t need $1M to start trading, but you need some capital because trading is about multiplying what you already have, not creating money from nothing.
If you have $100 and want to make $1,000 every month, you will probably take much more risk than someone trading with $1,000 or $10,000.
More risk can give you bigger returns, but it can also wipe you out faster.
Your target and your risk decide how much capital you really need. Sink it in.
Benjin
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How much do you think is a good amount to start trading
I feel sorry to say this, but you can’t enter crypto with $1 and start acting like a day trader, chasing every trade.
First, how are you expecting to make big money when your whole capital is $1?
Before trying to multiply your capital, you need to build some capital first. Get a job, freelance, learn a skill, do small online work, sell something, or use legit airdrops and reward programs.
Even saving $5–$10 every day can slowly give you something to work with.
You want to play “Wolf of Wall Street” with $1? Okay bro 😂
Yes, you can get lucky and 1000x $1 on a memecoin, but that’s mostly pure gambling. DYOR.
A drop to $62–63K without strong spot selling panic, while funding remains low, means there isn’t enough long positioning to fuel a major distribution.
I see this as a liquidity reset, not the start of a new leg down.
$PORTAL I wanted to open a short on $PORTAL but it doesn’t seem like a right thing to do now and this is because, the exact move PORTAL is displaying now has happened twice before.
On the Chart, You will see that after Pumping, $PORTAL dipped a bit and pumped again, then it repeated it again, this time around creating another high and dipping again.
Basically, Portal has been creating Higher Highs and higher lows so shorting right now is not a smart thing because What PORTAL is trying to do now is create another Higher low, before you short, wait for PORTAL to break the previous higher low.