First of all, this article is not to brag but only to share how happy I am about this small achievement that I have attained through spot trading in Binance. Although it might seem like nothing to others, to me, it's already a great accomplishment that serves as my motivation and keeps the fire burning for me to continue my trading journey.
Just like what I have been talking about in my previous articles "As a Small-Time Trader" and "Trading Bitcoin Cash on Binance Exchange", I have been trading my crypto holdings on Binance to take advantage of them while waiting for their prices to pump back up again since it will probably take a while for the market to recover and for the bull run to resume.
I also decided to be active in spot trading as another side hustle for me because I need to have an additional source of income as I've Got 16 Piglets to Feed, which is basically eating up all of my funds now. Also, my Bitcoin Cash earnings from blogging on read.cash and making short posts on noise.cash is no longer that much compared to how much I was earning before and I don't want to just rely on them anymore. I know others don't like speculations but because I'm such an overthinker, I take this as a sign that the funds are already drying up so if they won't lessen the daily spending, then it will just shorten the lifespan of both of the platforms that we love.
Anyway, just like what I have shared yesterday in my article "Cashing Out $200 Trading Profits for my Fiat Goals", I have documented there how much have I earned so far in less than a month of actively spot trading cryptos on Binance.
And because I cashed out and sold the 205 BUSD profits that I accumulated, I only have 200 BUSD profit left in my wallet. And today, I'm happy to share that from only 200 BUSD left, I already have 300 BUSD again, which means I got to earn $100 Trading Profit in 1 Day, yesterday, June 10, 2022.
And here are the 4 successful trades that I got to make from yesterday afternoon until I got to sleep last night.
The first crypto that I traded was BNB and I sold 6 BNB at the price of $290 each, and I got to buy my holdings back at the price of $289.6, which means that I got to make a $2.40 profit from this trade. It's probably not that remarkable for experts but for me, every cent counts.
The second trade that I made was with my BCH holdings, where I sold all of my 26 BCH at the price of $175 each, and I got to buy everything back at the price of $173, making me earn a decent $52 profit and this is the biggest profit I have earned so far in my spot trading journey. This was quite a nerve-wracking trade as I have this uneasy feeling that the market might not be in my favor but it turned out it was and it became a successful trade.
After buying all of my BCH back, I made another trade with half of my BCH and I got to sell 13 BCH at the price of $174.5 to $174.77, which was a mistake on my part because I was supposed to set a sell limit order at the price of $175. My sell order was executed immediately, and I got to acquire less than a $2 trading fee for it. One of the reasons why I prefer trading using the BUSD pair is to get rid of the trading fee so this was really a mistake. But, I'm glad I got to buy back my BCH at the price of $173 each, which made me earn around $23 profit from this trade.
And the last trade that I made was with my BNB holdings where I sold all of my 6 BNB again at the price of $290 each. I was a little bit awful when I saw that the BNB price kept pumping until it reached $298 and I thought I lost the opportunity to make a bigger profit from this trade already and that I won't be able to buy back my holdings anymore. However, all is still well because I got to buy back my BNB at the price of $285.9 making me earn a good $24.6 profit.
As of this writing, the crypto market is in deep again and the prices of BCH and BNB are still bloody red. However, I believe that we can still make a good trading profit from the bear market, especially when we know how to control our emotions so I hope I get to control mine today and make a good profit again.
Cheers to more profits to come! 🎉
$100 a day is awesome, you are amazing sis :)