I do this way then no risk and i earn good

262 viewsGeneral Discussions

I do this way then no risk and i earn good

What i do is i choose altcoins like eth,sol,ltc,trx…and other main altcoins.
I choose the coin wich is lowest from other coins or i think the price quite low.

Then i start simply just buying that coin dca everyday until i have left 40%-50% USDT or USDC so when i have only 50%-60% left USD then i start to find exit point and sell it.
Even If i sell with little profit i have more USD so i can buy more coins and getting bigger money.

My method to trade is to check USD and coin ratio so to make sure i don’t run out of cash.

Little example: initial Investment 100$ i see that ETH price low so i’ll buy everyday without much thinking about it with 2$-3$ DCA – in 10 days i have reached about 30$ in coin so the Critical point and i start to be coutious when to sell the little profit i could make it i’ll sell it.
So i sell for 5% profit wich is small but secure so it’s 1.5$ about so total amount i have for next coin to do same trading 100$+1.5$= 101.5$ so the 1.5$
It’s just example off course do this with bigger money.
Off course one coin at the time once coin done i’ll choose another wich price look like it’s low to me.

adrian ondachchi Answered question August 12, 2024
0

Scalping means you buy and sell a coin or open and close a position within minutes. It is a very risky type of trading.

What the OP explained is different. It is called averaging. It is one of the good ways a trader can make money. But the time to make each average is very important. If done wrongly, it may later still lead to lose or opening of the position for a long time.

Scalping are for hurry traders while averaging are for patient traders.

Isuru MS Answered question August 12, 2024
0
You are viewing 1 out of 3 answers, click here to view all answers.