The cryptocurrency market has grown from a few thousand to 1 million. To succeed in the crypto space, remember the following points! $FHE
1. Divide your available funds into five equal parts. For example, if you have 10,000 dollars, split it into five parts and use 2,000 dollars for each trade.
2. Use one part of the funds to buy a cryptocurrency at the current price.
3. If the price of the cryptocurrency drops by 10%, buy another part.
4. When the price of the cryptocurrency rises by 10%, sell one part.
5. Repeat the above steps until all funds are used up or all cryptocurrencies are sold.
With this strategy, once you buy in, you need not worry even if the price drops, because when the price falls, we will continue to buy.
In fact, if all five parts of the funds are used up, the price has at least dropped by nearly 50%. Unless there is a major market crash, the price will not drop that quickly. From a profit perspective, each time you sell, you can gain a profit of 10%.
For example, with a total fund of 100,000, if you use 20,000 each time, you will earn 2,000 yuan in profit with each sale.
However, this strategy also has certain issues. A 10% fluctuation is relatively large and may lead to trades not being executed easily, requiring a longer waiting time. This can affect the efficiency of fund usage, as the funds may remain idle for a long time or be occupied by individual cryptocurrencies.
However, this issue can be solved by narrowing the fluctuation range. For example, one can choose to buy cryptocurrencies with high stability and invest in Binance financial products during idle fund periods. This way, you can earn extra income while waiting for price changes.