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@bmjc98 edited

Trading On StormGain

**StormGain** is an app that makes cryptocurrency exchange simple, fast, and accessible to everyone. You can read more about this app here. https://read.cash/@bmjc98/5-mining-apps-you-might-want-to-try-0b1b58f4 Download the app **here**. https://app.stormgain.com/friend/BNS16843226 I've been using this app for quite some time now when a friend of mine recommended this to me. After my first investment of $10 (plus a fee), I immediately tried its trading feature; however, it didn't go well as anticipated. I was quite upset, so I made a promise to only trade again once I've already gained enough knowledge in trading. Luckily, this app has a Demo account that lets you trade without actually investing anything. It allows you to do pretend trading to give you an idea of how things work. I tried it many times and learned so many things from it. But I did not trade right away coz the money that I first invested (from $10 down to $6) wasn't enough for trading yet. I also had to wait for my earnings from mining coz that's the only way I could trade again. (coz I have no intention of investing again) After a month of mining, I finally reached $10. 12. Initially, I wanted to withdraw it, but it was under Tether and not Bitcoin, so I got confused about how to send it to my coinsph or coinbase wallet. And then last night, I decided to try the trading again. I was reluctant at first, but at the same time, excited. And guess what? For the first time, I gained a profit finally! In just less than 24 hours, I already gained $10.34 after 8 successful tradings.

Now, I'm going to share with you my trading journey. I know I'm not in the right position to write an article about this, but I thought it would be great to share your little knowledge with people (expert or not), and let's wait for what they have to say about it. But if you are new to trading and been planning to try it yourself, then this could be useful for you. (I hope) Since I'm using StormGain, then let's focus on this app first. You can either invest $10 or mine first, but I suggest you do the latter. While waiting, you can also try the Demo account and learn how trading works. Assuming you have already earned $10 from it, and you are ready to trade, then go to TRADING and choose BTCUSDT. Here are the things you need to know: **Graph** When you click the BTCUSDT, you'll see a graph and a lot of numbers. I honestly don't bother the other numbers on that page, but I make sure to focus on the graph and the current value of the BTC. In the upper section, you'll see the current value, and the highest and lowest value of BTC for the past 24 hours. Those are, for me, the most important stuff that you need to learn. They are essential as they help you determine whether it's time to buy or sell.

**When to buy?** In my strategy (correct me if I'm wrong), I only buy when the value reaches the lowest current value of BTC. As I write this, the current value of BTC is around $15,896.08 with the highest at $16,357.83 and **the lowest is $15, 752.66** for the past 24 hours. Buy at the lowest value because when you do, once the value is going up again, there's a possibility that you could earn a lot. By the way, my highest profit so far is +1.7279 USDT. **When to sell?** Let's say you buy at $15, 752.66, and you're wondering when to sell it. You can sell it as long as you gain profit, or you see that the numbers turn into green. Red, by the way, is an indication that you're losing. There are instances that you see that you start losing (for example, the value is -5.6004 USDT), DON'T GET PANIC! Just wait till it bounces back again, and you'll start seeing a profit. **What's the most important thing in trading?** After my first failure, I made sure that when I have an active trade, **I ALWAYS keep an eye on it**. Meaning, don't take things for granted, especially when it comes to the graph. So when things go on your terms, you could easily hit the sell button and gain profits from it. If you don't, chances are, you could have missed the highest potential profit you could get on that trade. In my first attempt before, I did not check the graph at all. I hit the buy button, then sleep. I checked on it the next morning, noticed a few buttons, such as *Take Profit* and *Stop Loss* buttons, and then decided to turn them on. After a few minutes, I got notified that I lost on my first attempt, and left me $6+.

I could have earned if only I monitored the graph, and if only I did not activate the *Stop Loss.* **What to avoid?** Don't turn on the *Stop Loss* button. When you do, once your trading starts to lose, it will automatically end your trade, and that's it. You lose! However, if you don't use it, and your trading starts to lose, you can just wait for some time as it will eventually start to gain. You'll just have to be more patient about it. This afternoon, my 7th trading took me an hour or so to finally gain a profit. It was really low, but I just waited. In the end, I gained +1.6987 USDT. If by any chance, I activated the *Stop Loss* feature, I could have lost a lot up to -$5. So, don't activate it.

You can, however, activate the Take Profit, but for me, it's quite useless. Unless you trade and you didn't monitor the graph, then perhaps you could turn it on. But then again, **YOU REALLY NEED TO MONITOR THE GRAPH AT ALL TIMES WHEN AN ACTIVE TRADE IS ON.** **Is trading risky?** Yes. Risky in the sense that if you try it without the proper knowledge, you could lose everything. So when you trade, especially invest, make sure that you are ready to lose anything. Again, when you trade, always keep an eye on the graph. And don't be too ambitious like, *"Nah, I'm not going to sell it yet coz I want to earn more"*; when you do, you might miss the opportunity of getting the possible highest profit on that trade and end up settling for less. Update: I'm not sure about the fees, but here is something I noticed in every trading I make. My last trading reached at +2 plus, but upon checking my wallet, it was only +1.6004. The minimum cash out for USDT is $50 with fixed withdrawal fee of $5 commission, plus .01% extra charge.

Again, I'm just a beginner, so if you think there's something else that I need to know, please let me know. And if you have an article that you think I should read first, I'd be happy to read it. Please do provide the link, though, so I can easily find them. Download the app **here**. https://app.stormgain.com/friend/BNS16843226 `**All photos are mine, except for the last two screenshots.`

7¢

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