If you want to learn about the basics of trading, please read my previous post: Trading On StormGain.
You can download the app here.
This time, I want to share with you more about my journey in trading on StormGain! This is to encourage everyone to learn the basics of trading crypto. Whether you have a little to zero knowledge about it, don't lose hope as there are lots of tutorials about trading (though I have never seen one) that will help you understand its basic, as well as its strategies on how to earn and what to avoid in order not to lose it all.
I will also show you some samples of the most crucial trade I've ever done. So far, I've reached my highest earning today. Keep reading to find out more.
I first traded crypto last October 8 but lost almost half of it. However, that didn't stop me from doing it all again. On November 13, I started it again, and since then, I am super loving it.
I have a total of 12 successful tradings so far. Last night was surprisingly the best as in less than 5 minutes, I had reached $8 in profit. Sadly, I tried to wait for a little while as I was hoping to see $10 instead. But it didn't happen, and instead, it slowly declining. Still, I waited patiently hoping to see an improvement.
Then, the worst came, and I see negative, from -1 to -12 (the highest possible loss ever in my trading journey so far). That means I could have lost a huge amount if it didn't stop from declining. By the way, I started trading around 11 or 12 pm and closed it at around 7 in the morning. I stopped when it finally reached $10 (though I only received $8).
Check out the graph below. The green means profits, while white means losses. It was the most crucial trading ever, but I still got it in the end.
Trading, for me, is quite very addicting. The fact that you could earn by simply analyzing the numbers in a short time. This is more fun than posting pictures on other social media that pays for your original content as $1 takes a lot of time and effort. In trading, however, it only takes a little of your time but required enough knowledge though. Still, it is fun for me.
In just 4 days since I trade again, I have gained a total profit of $23+. Now, my bank has $43.90 ($10.12 from what mining and the other $10+ was the money, which I deposited on October 8).
I'm aiming to reach $100 before withdrawing them to my wallet. Let's see how long will it takes before I could reach my goal.
The main goal in trading is to BUY LOW, SELL HIGH. That's why it is important to learn when to buy and sell. Please read my previous post here. If you buy while the price is still high, chances are, you won't feel the profit much or you could lose a lot. So always buy when the price is low.
When you trade, you can either be a little greedy or be contented with a little profit. Although I did say in my previous post not to apply the, "Nah, I won't sell it yet", or you might lose the possible highest profit and end up settling for less; but I think you should apply this one. I've learned that if you want to earn more, you have to push yourself a little more.
Here's what I noticed, when it reaches its lowest peak and bounce back after, it could bounce real good. So when you see your profit reaches to $1, don't hit the closeout button yet as it can still go high up to $10. You can then settle around $6 if you want.
In my first 11 tradings, I was afraid to take the risk, so whenever I see my profit to $2, I'd close the trade right away and secured a little amount. But last night, I decided to go further, and I was surprised to see that I could earn up to $8.
So when you trade, try to be a little greedy sometimes, just don't be too greedy. Just enough to earn something more from your usual earnings.
Just remember, when you trade, always keep an eye on it, so it's easy for you to hit that button when you see something good. And, don't get panic when you see a negative 5 up as it will bounce back again. Just don't activate the Stop Loss, as it will automatically end your trade once it sees that you're losing, and you will indeed lose.
Here are some of my trading history for your reference.
What I used in trading is the money I earned from mining. And the $10, which I deposited, I exchanged it to Tether along with the money from mining.
Hope you'll find this article useful for your future trading career.
Download the app here.
**All photos are mine.
I really appreciate it . Love this article . Stay home and stay safe