A nooby trader

So this is the story of me trading free assets on a trading website/app.

I am pretty much new to trading. Matter of fact, I just started today 😅

Most of my friends already encouraged me with trading assets and all, since it would make me more profit (this is still negotiable if you are successful with all your current trades and how much you are currently trading) and I then realized that it could still take away more if you aren't cautious enough or you just go and go 😅.

I'm currently using stormgain for this.

You can visit app.stormgain.com

Stormgain (for those who are not yet familiar with it) is a platform that offers exchange 💱 and trading crypto assets. It has a feature (pretty much an advantage to those who doesn't have much funds to deposit on trading platforms) that enables a user to "mine BTC/bitcoin" (not quite sure if my term is right). Well, thing is, on your dashboard, it'll show you the equivalent amount in BTC/Bitcoin then after withdrawing mined btc, it'll be converted automatically to USDT. 😅

Going over to "More" at your lower right, here's what you'll see.

You can see the option to mine free bitcoins. Also, the "Standard" word refers to what type of user are you. Since I have not deposited any amount on my account, I am considered a standard or the free user. Most likely to have no perks on trading or depositing amounts.

Stormgain used to give 1000 satoshis per 4hr cycle, but since btc's value have rised to the moon (char) ~17-20k$ they changed it to 455 satoshis, I think it's the equivalent of the previous 1000 satoshis.

So as you can see, for free users/standard users, there is no required trading volume, daily income is 0.0003 BTC (that is if you complete 6 cycles of activating your miner) so approximately, you can mine the minimum threshold of 10$ worth of BTC within a month (less than)

Moving on, you can mine your btc/usdt every 4 hrs (you need to reactivate your mining) until you are able to mine at least 10 USDT (equivalent to ~0.00062157 BTC as per typing this article) you can then withdraw it.

NOTE: withdrawing mined asset doesn't allow you to directly withdraw it onto external wallets, FAQs says it'll be deposited to your trading wallet (under USDT, ofcourse), that is within 24-72 hrs

**Patience is the key, guys! 😊

All mined funds are available to use for trading only. Any profit you earn may then be exchanged or withdrawn. (Stromgain)

Yup, again, YOU CAN ONLY WITHDRAW/EXCHANGE THE PROFITS YOU GAIN THROUGH TRADING. 😊

Also, after being able to trade 10.16 USDT (from mined BTC on stormgain) i was able to exhaust more than 4$ on profits. 😅 Yay for a first time trader.

You can also track your trades under the obviously Trade button/option 😊

Some tips:

1. Do not go trading if your internet connection (WiFi) or data connection is slow. Why? As per my experience, it doesn't show the actual value of the crypto you plan to trade. It shows delay which results to wrong open trades.

2. Be keen to flow and high and lows of the crypto you plan to trade.

3. Don't rush! If you do, you'll end up losing 😅 trading is kind of a waiting game. You need patience. Haha unless you are good at predicting crypto flows 😅

4. Follow your gut (well, as per experience, when I felt like I had to close it, I just did, then it went down🔻😂)

5. What I did is that, while I was in the process of mining my BTC, I used to check on cryto value often to check on which asset/currency would be best for trading or at least where I would earn some profits.

6. Take note (well at least) of the assets where you find it more comfortable to trade your valuable USDT 😂

7. DO NOT BE GREEDY!

Anyway, if you are hesitant to leave your trades open for long hours and worry you may lose all your valuable assets, you can opt to close trade when it reaches certain amount of gain or loss. 👍

~ edited: (for additional information regarding deposits and withdrawals on stormgain

In Photos: information on deposit fees/withdrawal fees on available crypto currencies you can withdraw your earnings from trading on stormgain

This would be all for now!

For me, this is a good opportunity for beginners to discover trading. Especially if you do plan to trade assets 😊

I hope this would help beginners like me. 😅

DISCLAIMER: all that is written in this articles is plain opinion of a beginner trader (me) you can opt to follow it (or at least take the advice) or not.😊 To those professional traders out there who might bump into this article you can also share your knowledge on trading and give more advice for us beginners and maybe correct parts of this article where you find it probably to applicable or wrong in the trading world. 😊

THANKS FOR SPARING YOUR TIME READING MY ARTICLE FOR TODAY! HAPPY TRADING!