LIVE$$W $CVC $REI Attention to all new and small spot traders - Here are some tips to help consistently earn money in your daily trades.
Follow these suggestions for a week. If you fail to achieve a weekly profit of more than 10-15%
it might be wise to reconsider your spot trading strategy and consider investment trading instead
pls understand that no one will dictate when to buy or sell. Often, decisions need to be made promptly without waiting for updates from others
To succeed in the trading you must learn to analyze independently
Regarding which coins to trade, you have two options
Option one
1.Create a favorites list of 5 coins and monitor their performance over 1 week.
2. After this period, you'll grasp the low and high points of each coin, then you to plan your trades accordingly. Only utilize 50% of your total spot trading amount.
3.Aim profit of 2-3% per trade and exit promptly.
4.Limit yourself to a max of two trading sessions per day.
5.Purchase coins at low prices and sell when they reach your target, but ensure to sell if the investment drops by 3-4%.
Option two
1. Select the top 3 coins from the daily gainers list.
2. try specific time slots, recommended based my time zone(Singapore Time (SGT))
a. 6:00 AM to 6:45 AM
b. 12:45 PM to 1:10 PM
c. 4:00 PM to 4:20 PM
d. 8:00 PM to 8:45 PM
e. 11:45 PM to 12:25 AM
3. Adjust these times according to your time zone.
4. If you achieve a profit of 2-3%, exit promptly. limit yourself to a maximum of five sessions per day to avoid emotional decisions leading to losses.
5. If you encounter losses within the specified time slots, sell once you hit a 3-4% loss to mitigate further losses.
6. Start with 25% of your total investment amount for the first ten trading sessions. Then, gradually increase it to 50%.
7. Before logging out of the trading platform, convert your coins to stable coins like USDT to ensure peace of mind during off-trading hours.
8. Trade a maximum of five days a week to maintain emotional balance and mental clarity.
Stay tuned for more tips 🙃
