Trading Tips For Newbies (Lesson 2)
Topic: How I Turned $500 Into $3,000 In Less Than 2 Weeks & How You Can Replicate Same.
To rise to the peak of your trading ambition, you'll definitely have to pass through thick & thin to get you there. And that's the exact thing I experienced at the onset of my trading career which has made me whom I'm today.
Today, I know that I trade like a PRO. And you too can replicate same with constant practice.
In today's lesson we gonna look at how I turned $500 into $3k in less than 2weeks of active trading & the lessons you can learn from it to make you a better trader.
During the 2021 bull season, I analysed one token called XBN & realized it's scam-free with the right social signal and has the potential to spike. So, I didn't delay, instead I quickly entered a short term trade involving this token (XBN) with just $500.
At the time it was trading at about $0.2, so I had approximately 2,500 XBN tokens.
What I did next is that I patiently waited for this token to rise within a week or 2 to see how high it would go. It gradually rallied to $0.5, then to $1 & it crossed to even $1.4+ within a week & some few days but as soon as it reached $1.2, I liquidated it & secured an easy $3,000!
How happy I was that day to have made this cool profit of $2,500 in less than 2 weeks of swing trading! 😉🙌😁💰💰
From that day till now, the experience I had with this single winning trade has booted my morale that short term trading is a cool means of making some descent profit and you too can replicate same. This conviction is also one reason why I'm pushing some trading signals here free of charge.
With today's lesson, you can learn that while entering my trading signals, if your trading capital is a good amount & you can spare like $500, $1k, or $5k & above, it'll be ideal for you to lock higher gains like I did or accumulate USDT profits in bits as opposed to utilizing a relatively small trading capital like $100 or less.
Additionally, you can learn that in every trade patience is key in securing a higher profit.