In this article, we will lay out a reality that almost nobody tells you when you are new to trading crypto, and that becomes even more relevant when you do trading.
It's "obvious" to some, but surely most newcomers overlook this simple fact that I will reveal to you below: ๐ค๐
!!EL CAPITAL INICIAL!! ๐ฒ
Yes, you just read that correctly. The capital you start trading with is important in Trading to see more "visible" growth in your operations; if they are successful. ๐ฌ
Letโs analyze the following:
You run the same position (in this assumption) with different capitals and the same trading and performance range, in the case of a successful trade.
First Case: 1 USDC with responsible x3 leverage and that achieves 1.03% return.
Result: 0.01 USD Profit.
Now, keeping the same parameters for the following traded amounts, their results would be approximately like this:
Starting: With 10 USDC.
Result: 0.10 USD Profit.
Trader: With 100 USC.
Result: 1.03 USD
In all 3 cases, the price variation of $SOL was only 0.40 cents from $116.00 to $116.40, but each result was different; therefore, it makes sense to start with at least about 100 USD (net) to observe useful returns in successful trades; HOWEVER, without risking capital management, and in the same proportion you can lose capital if the market movement (chart) moves opposite to your position.๐
Reminder: The most important factor in both trading and investing (not confusing, but different), is Personal Research (DYOR) into what you are operating or investing in and how you are going to execute it.๐ฅธ
๐Extra Bonus:
-Analyze your Risk Profile-
Be aware that how much risk you can take is essential in this environment; if you have many responsibilities, in my personal opinion, the best thing is to follow a more conservative perspective. On the other hand, if you donโt have that many responsibilities yet and you have extra capital that youโre not afraid to lose, you can try this kind of options that trading provides.
Thatโs all for this post, which ended up turning into an article. ๐๐ปโโ๏ธ๐
If this information has really been useful to you, leave your comment to help more people on Binance. Also, you can follow me, give a like to help me grow, and only if you think itโs right, you can use the direct links of the coins mentioned here to make your trades; this will help me receive a small commission on your trade, and if you think itโs not enough to show your support, you can always explore the other options the platform offers to show your support. ๐๐ก
Att: @Lance_52
