I was inspired by ate @bmjc98 about her trading journey on StormGain. Reading her first two articles about her journey on trading and mining on that app inspired me to also start my trading journey again. Although I am not going to use the same trading app as hers, I also want to document and share my trading journey on this platform.
I first discovered and used Binance when I was only 17 years old when I was still in Grade 12 because of a certain coin that I worked on to get called XRB also known as NANO Coin at the moment. Just a little trivia and melodrama story about me and this coin, XRB "almost" made me a young Millionaire, but because of greed and thinking that my money can make it to 5 Million instead of having only 1 Million, that opportunity of becoming a young rich woman didn't push through. I know some of you might not believe this story, but it did happen. I was holding 800 XRB back then, and XRB reached almost $30 for each coin by December 2017. I held the coin thinking that it can reach as high as $50 each, instead, it went down the drain. Yes, that was my biggest regret in life.
Moving on, before transferring my funds to Binance, I was first using HitBTC as my main trading platform because that is what I use when I sell some of the coins I am holding. I am actually not trading, I am just merely selling coins when I feel like it or when I need some money.
So I decided to focus trading on Binance now because I find it easier to navigate plus there are a lot of perks if you are holding their own crypto coin, which is the Binance Coin or BNB.
I know most of you already know what Binance is, but for those who do not know yet, Binance is a cryptocurrency exchange that provides a platform for trading different cryptocurrencies. Binance is also the largest cryptocurrency exchange in the world in terms of the trading volume.
Before I take off my journey in trading on Binance, I had to set some Crypto Goals first. I find these goals quite impossible as I am not a good trader, I was only a "low-risk" investor, but who knows I might achieve these goals.
So here are some of my goals in trading cryptocurrencies on Binance:
1 BCH- I wanted to just buy this whole Bitcoin Cash coin to cross this one out of my goals, but that would be cheating already. Haha!
1,000 XRP- I actually love XRP in terms of low transaction fees and the fast transaction when transferring it from one wallet to another. I don't exactly know why I listed this as one of my goals but let it be. Aha!
10 BNB- I really like the benefits of holding BNB on Binance. So I am putting this as one of my goals too. Who knows I might increase this goal because I see a bright future for this coin.
0.05 BTC- Well who doesn't love Bitcoin? It's the father of all cryptocurrencies.
I don't really know why I set these goals because I feel like I'd end up buying them. But I hope not. I hope I will be able to achieve and earn them through trading.
As of the moment, I have 15,800 pesos in my wallet. I deposited this amount using XRP from Coins.ph to Binance. I'm not so confident with this new venture, but may God guide me with this one. Aha!
These are the coins I am currently holding right now. My more than 5 BNB are currently staked on the BNB Vault, which is also the reason why I have HARD and UNFI coins in my wallet. I actually planned to buy 1 whole BCH before the fork to get the BCHA airdrop coin but I ran out of balance. I wanted to buy this morning too when the price went to 233 dollars, but I was hesitant because I thought the price would drop more. Lol
That's it. There's nothing more to talk about because I am still yet to try how to have a successful trade. Because to be honest, I had a lot of failed trades in the past that cost me thousands of money. It's easy to shrug it off with an excuse that the money didn't come from my own pocket anyway, but money lost is still money lost, and that hurts. Haha!
Good luck to me! Cheers to a successful trading journey.
...and you will also help the author collect more tips.
Grabe sayang yung una Lodi, milyon na yun. Anyway, diko pa Alam magtrade sa binance kaya basa basa Muna ako mga tips gaya nitong article mo. Diko magets TA ng mga masters sa trading, laging may post sa fb group na nasalihan ko diko mahuli teknik kung pano magbasa para maiwasan ang pagkatalo sa pagbenta at pagbili.