I Earned $200 in Just 2 Days!

For the record, this article is not to brag but only to share this achievement and to document every small victory that I get when it comes to my spot trading journey. I'll probably write more about them in the coming days if the market continues to be in my favor so expect that some of my articles will just be about trading. Perhaps, you will be fed up reading the same topic from me so I'll totally understand if you will stop reading and interacting with my articles.

Before, I would usually avoid the cryptocurrency market, especially when the prices of the cryptos that I am holding are just dumping and in bloody red. I wouldn't dare to touch my holdings and do any kind of trade, whether it's just to buy a token that I want to hold for a long-term investment or to sell a coin that I feel will dump even more. I thought that during the bear market, I wouldn't be able to earn any profit since the prices are just too low making it impossible to make favorable gains and profits.

But after doing some spot trading for almost a month now and getting to make remarkable gains based on my standard even during the bear market, I have proven to myself that I can still make money and gain profit even if the prices of the coins now are way too low compared to their prices during the bull run. I realized that there is nothing to worry about if you intend to be in the crypto-verse for a long time and that there is still an opportunity to earn even with the state of the crypto market now.

Yesterday, I have shared how I earned "$100 Trading Profit in 1 Day!" with the four successful trades that I got to make last June 10, 2022. Today, I'm going to share again how I made another $100 trading profit in one day, yesterday, June 11, 2022, making me earn a total of $200 profits in just 2 days of trading.

For others, that $200 profit is probably nothing to be happy about, but for me who is living in a third-world country, I consider it huge money already where it is equivalent to 10,600 pesos and it can cover more than a month of expenses already. So it is just but a normal reaction if I am delighted to talk about it.

My trading rule and strategy are simple. "Buy Low, Sell High". But because I don't have to buy anything anymore since I'm just using my crypto holdings as my capital, all I have to do is "Sell High, Buy Back Lower" to secure my potential profits. And here are the five successful trades I made yesterday.

The first trade that I made yesterday afternoon was with BNB where I sold 6 BNB at the price of $290 each and I got to buy them back at the price of $288.5 each, which made me gain a decent $9 profit. For me, that was already a good trade and profit but because my goal was to make at least $20 profit in a day just by trading, I opted to make another trade.

And the second trade that I did was to sell 13 BCH at the price of $164 and after my sell order was filled, I immediately set a buy-back order for 13 BCH at the price of $160. With this trade, I got to secure an amazing $52 profit, which was the biggest profit I got to book that day.

The last 3 trades I did was to make a sell limit order for 3 of my different crypto holdings, where I got to sell my 6 BNB at the price of $280 each, 220 CAKE at the price of $4.13, and 13 BCH at the price of $162. I decided to sell almost everything last night because I had a hunch that Bitcoin will dump at around $28K, which will drag down the prices of these coins. And I'm glad that I did because my suspicion really happened.

After the sell limit orders that I made were filled, I immediately set a buyback order for my crypto holdings. I actually made a lot of changes regarding the prices because I was uncertain if my buyback orders will be filled or not as they seemed to be too low compared to the prices where I got to sell them.

In the end, I got to buy my 13 BCH back at the price of $161, which made me earn an additional $13 profit. The 6 BNB I sold were also bought back at the price of $277 each which gave me a decent $18 profit. And the last buy order for 220 CAKE at the price of $4.091 was also filled which also gave me an $8.58 profit.

In total, I got to earn a $100.58 profit for these 5 different successful trades.

If before, I would feel worried when I see that the prices of these cryptos are dumping and in bloody red. Now, although I still feel a little uneasy about it, my anxiousness has been lessened knowing that there will be a rainbow after this storm and that I can still get to make a profit out of it if I continue trading them. And although the prices now are lower than my buyback prices, I don't feel any regret since I still got to make a favorable profit already.

So cheers to more successful trades! 🎉