(Crypto News 2021)

How I made $1300 profit from just $130 in 3 months Trading Crypto?

For anyone who has been in Crypto space for sometime knows , making 10x in crypto is not very unusual . Having a good strategy and patience can pay really well in crypto . I have learnt it first hand , and using this experience of almost 5 years , I was able to adapt to a strategy that paid me well for the time it did. Following are some of the “rules” that helped me achieve this .

1. Control over emotions / Not getting too excited->

Years and years of experience in trading helped in this , i.e. not to get emotions involved in the market . I knew when to close the trade , knew when to open the trade and I abided by it . I had a STOP LOSS . Also I had a plan of my own rather than just entering market based on emotions whenever there is movement .

No matter how well one coin is performing , If it’s time to get out , I got out , instead of watching it further go up or down . Always had a bracket trade (with target) and never an open-ended position . If we depend/wait on market for too long , it can take a turn quickly which is not in our favour (what are the chances ? 50–50 😏).

2. Limit Daily Number of Trades / DO NOT Overtrade

This one goes hand in hand with the first one . One of the major strategies in making consistent profits was knowing when to stop trading for the day. Having a limit daily , after a certain profit , stop trading .

There will come days when -> you take multiple trades , all in your favour , you feel like It’s your lucky day . What happens next ? You take few other trades trying to make your day even bigger , but as It turns out , slowly you lose all profit you just earned that day , and then to get it back , you lose even more . CAUTION -> Remember point#1 .

Hence , Keep a daily limit on your trades and profit earned . You’ll be surprised to see how rewarding consistency and patience can be even with small profits .

I used to trade around 3–4 positions making ($3 to $4 each) , and my daily target was to get a profit of $13 (10% return) . I know this does not seem like a huge amount of money but with consistency everyday , that made upto $400/month , which wasn’t bad for me based on the money I invested .

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