dougskyes

60-30-10 Rule for Amateur Traders.

Below is a strategic method that can be applied to trading, especially for those who prefer to work with coins with a lower unit value (altcoins) to accumulate more units:

1. Strategic Choice of Coins
• Selection: Prefer coins with a low unit value, but with good market volume.
• Diversification: Do not concentrate everything on a single coin; diversify among the best opportunities.

2. Chart Analysis
• Use charts from longer periods to understand the general trend:
• 1 month: Identify the macro trend (up, down or sideways).
• 3 days: Evaluate intermediate movements.
• 1 day and 1 hour: Refine the entry and observe the most recent behavior.

3. Entry Strategy
• Start a purchase after confirming a clear trend (example: resistance breakout).
• Set your goals before starting.

4. Partial Exit with the 60-30-10 Rule
• When you reach the first target, take 60% of your profits to protect your capital.
• With the second target, take 30% and secure more profit.
• Keep 10% if you believe the movement will continue.

5. Tools and Discipline
• Use the moving averages already configured on Binance (example: 7, 25 and 99).
• ​​Avoid news and fear: Focus on strategy. News can cause unnecessary emotional bias.

XRP Case in 2018

If you had applied this rule to XRP in 2018, buying before the historic rally, your final position would have grown significantly. XRP rose from lows to a high of approximately $$ 3.84 in early 2018.
Example:
• Purchased 10,000 XRP at $$ 0.25: Initial investment of $$ 2,500.
• At the all-time high, you would have approximately $$ 38,400, and following the rule:
• Withdrew $$ 23,040 with the 60%.
• Withdrew another $$ 11,520 with the 30%.
• Kept 1,000 XRP, which could still appreciate.

Good luck next time 😝

Why is it that exactly at the moment I buy the currency, it starts its free fall, and that in consecutive purchases, it doesn't seem to be by chance?

#TRUMP Hey guys, what do you think of my wallet?