Update About My Binance Trading Journey

About 3 or 4 days ago, I published an article about the start of my trading journey on Binance with the title "My Binance Trading Journey Starts Now".

I have received comments sending their good luck messages to me, and I am truly grateful for your message of encouragement. On the other hand, I also have read some comments asking for my guidance on how to start trading.

And for that, I would like to reiterate that I am not in the right position to give advice or even guide someone to start trading as I am yet to learn how to actually have a successful trade. I think I have made it clear that I am still a newbie in Trading and I don't have enough knowledge about it. But if you will follow my journey, maybe you will be able to learn a thing or two from me.

"Buy Low, Sell High."

For now, this is the only advice I can give because that's how trading actually works. You need to buy a coin at a lower price, and sell it at a higher price for you to generate or earn profit from trading. If you happen to do that, then congratulations, you just had your first successful trade.

Some have also advised me to start learning how to read charts and candlesticks but I am still confused about how to do it. However, I will make sure to find time to know the basics by learning how to read charts.

To all the newbies like me who are also interested to start trading but don't know how or where to start, I can only give you this cliche advice. Follow professional traders and learn from them. Watch YouTube vlogs, or read related articles about how to start trading. If you are ready to take the risk in trading, always remember to only invest the amount of money that you can afford to lose.

I have been in the cryptocurrency world for more than 3 years now, and I admit that I still haven't learned my lessons. I am still in the process of learning how to control my emotions because I realized that my emotions have been the main reason why I keep having failed trades.

Anyway, this article is just an update for my Binance Trading Journey. Or simply an update about the coins I am currently holding on Binance.

Last time, the total value on my overview account only had 15,848.83 pesos. But as of this moment, it already has 16,959.01 pesos. If I were to do the Math, I already generated 1,100 pesos profit.

However, that amount is not yet considered as profit. It is only a virtual profit. If I were to convert my coins now into a stable coin, maybe it will become a real profit already. If you get what I mean. 😂

So these are the coins I currently have on my Portfolio. I converted or sold some of my BCH into USDT hoping to buy some BCH again at a lower price to increase the amount of BCH I already have. After all, that is the main purpose of why I am trading, which is to accumulate more crypto coins for long-term holding.

Again, my BNB coins are put into the launch pool of Binance, which is also the reason I have some UNFI and HARD tokens or coins. I got these for free because of the staking benefits of having BNB Coins on this trading platform.

The BCHA, which I guess all of you already know, came from the hard fork that happened last November 15, 2020. I am planning to hold it and see where this coin will go. I hope it will also prosper like the other coins from hard forks.

As you can see, I really haven't tried trading yet. I only tried once that is when I sold some of my BCH. Hopefully, I will be able to try to have some trades when my schedule is cleared up. Because just like ate bmjc98 said, you need to pay close attention to your open trades to be successful with it.

Lastly, what I love about Binance is this new update about the Daily PNL or Profit And Loss Statement. As you can see, I have more days where I earned losses than profits. But my losses didn't actually affect my balance since I didn't touch any of my coins that time.

That's it. I have nothing to say anymore. So I'll end it here. Again, good luck to me.

If you are planning to start trading in Binance, KINDLY USE THIS LINK.