My Amazing 47.89% PNL On Binance

This data was gathered when BCH was at $1,465.85, Tuesday at 6:22 in the morning. This means it could be lower or higher by the time I publish it.

I don't know how long I've been using Binance but based on the transaction history, I had my first deposit on the 1st day of January 2020. It was a dogecoin I earned from using a certain app.

I only got my first BCH transaction after 9 days. Since then, every time I gain profits from HODLing BCH and when swapping to USDT isn't possible on Bitcoin.com wallet, I send everything to my Binance account. After 133 transactions, from January 10 - May 7, I got a total of $1,626.94, all are profits from different wallets.

As I've said, I have a current capital of $1,626.94, which is all from my different wallets, and I managed to grow it by doing Spot Trading.

Honestly, on the first try, it was an epic failure. I knew the concept was to Buy Low, Sell High but the problem was, I didn't monitor everything. I didn't track my orders: when I bought it, how much did I buy it, and at what price should I sell it. These things are really important if you do Spot Trading.

I'm good at tracking, but for some reason, I failed on this one. This means that on my first several tries, I wasn't doing it right. I probably had more losses than profits. The first several attempts were a mess!

There were times that I had multiple orders and when the price of BCH was dumping, instead of waiting for my sell orders to hit, I would adjust the sell price (without checking the transaction history) till I set a sell order lower than the original price.

For example, I bought BCH at $1000 and was supposed to sell at $1010. But when BCH dumps and is already at $900, I would panic and adjust the sell price to $910 just to hit the price.

I know, I know, I was stupid and dumb. Lol. I wasn't paying attention to that Buy Low, Sell High rule. Not to mention that it happened several times till I realized I wasn't earning or gaining from it. I was losing every time I tried Spot Trading.

I also got confused during those times because I kept buying BCH and didn't know when to sell if you have multiple orders, or how to take the profit. Those things added up to my confusion and frustration.

And so, I stopped. I didn't ask any of my club fam about it coz it was too embarrassing. I didn't know what to say and sometimes, it's hard to admit that you were wrong. But then, I finally got the courage to ask because I really wanted to learn how to do Spot Trading the right and effective way.

And so I asked @Eybyoung about it. She then wrote an article to help the noobs like me understand it fully: How to Buy & Sell (Spot Trading). Really, thanks to her that it helped me a lot. So to those who are planning to try Spot Trading, be sure to check out her article, as well as @Jane's. I read Jane's article first, but I thought I understood everything until I had my first order.

So after reading @Eybyoung's article, I started doing it again, and little by little, I started seeing progress. That's the time that I feel confident again. I'm not a risk-taker when doing Spot Trading. I seldom get FOMO.

And now, after all those epic failure attempts I had before and doing it all over again, I have now gained 47.89% PnL. This is a combination of BCH price as most of my BCH were bought under $1500 and, of course, from Spot Trading. Now, I have a profit of $786.80 or 47.89%.

Take note: These are NOT all BCH as I bought a few coins that hopefully could help me gain more BCH.

So for Binance alone, I have a total of 1.52BCH. If I would include all my BCH from my Bitcoin.com, I could have 3BCH by now. However, some of my wallets there are meant for personal use, which means I can't include them in my portfolio.

Closing thoughts

All thanks to Bitcoin Cash and our two favorite platforms for giving me this huge opportunity. I never thought I could save such an amount in just a few months. Also, thank you all for your undying support by reading and sharing your thoughts about my articles and, of course, for all your upvotes.

Without you all, none of these could happen. I wouldn't be able to earn such an amount and save more. This gives me hope that I could possibly become a millionaire in the future. Of course, only if God permits this to happen.