I do this way then no risk and i earn good

256 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

This is day trading. Example of scalping is to open a position at maybe when the price dropped to $52000 and you close the position at $52200 in a way that bitcoin increases with 1 to 5 minutes or less than an hour to make the profit. But if you wait for hours to like a day or two days, that is day trading.

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