I'm a trend-following speculator because I need money quickly.
My trading strategy over the past month has been:
- Buy a small amount
- If the price rises a little, take profit right away (I only use 1% of my capital per trade with 50x leverage. When the price rises a little, I only need to make 50% on the trade—that is, if the price moves in the right direction by 1%, I'll close the trade.)
- If the price drops, I'll add more capital to average down
- Then, if the price rises, I only need to make 50% again before taking profit
*** In particular, I only buy, because when you sell, the market can easily sweep you out
*** Many investors will think this is a waste of time, because they prefer to accumulate until they make a lot of profit on each coin. The risk of adding more capital is quite high, so the profits need to be worth it.
This is just my personal opinion. I found it effective, so I'm sharing it.
And there's one coin I've been losing money on over the past day or two that you might want to look into and consider speculating on, since the downward momentum seems to be fading and it may recover.
Thanks everyone for reading!!!
My trading strategy over the past month has been:
- Buy a small amount
- If the price rises a little, take profit right away (I only use 1% of my capital per trade with 50x leverage. When the price rises a little, I only need to make 50% on the trade—that is, if the price moves in the right direction by 1%, I'll close the trade.)
- If the price drops, I'll add more capital to average down
- Then, if the price rises, I only need to make 50% again before taking profit
*** In particular, I only buy, because when you sell, the market can easily sweep you out
*** Many investors will think this is a waste of time, because they prefer to accumulate until they make a lot of profit on each coin. The risk of adding more capital is quite high, so the profits need to be worth it.
This is just my personal opinion. I found it effective, so I'm sharing it.
And there's one coin I've been losing money on over the past day or two that you might want to look into and consider speculating on, since the downward momentum seems to be fading and it may recover.
Thanks everyone for reading!!!
