Short term trading
Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. Today, the topic I want to short term trading.
Today I will discuss how you can profit by trading in the cryptomarket. Think about one thing, suppose you enter the crypto market with 100 down coins and do a short trade, then you can see that you are losing between 50 and 60 coins. As Bitcoin bullrun continues in the cryptomarket (Bitcoin is currently at $70k) down coins are currently doing well. That means we have to watch the cryptomarket to see if the price of Bitcoin is going up or down. As many big coins as Bitcoin follow, you have to keep an eye on those coins.
I will suggest you a simple and convenient way to trade. First thing you need to do is to trade in Bitcoin, second is to trade in Ethereum, then third is to trade in BNB and finally you will trade in a coin that is much more expensive. showing volatize or not following btc. When you can see that the coin is pumping a little or the company is increasing the volume, you will trade in those coins. Now talk about how to do and when to do? How do you handle these issues? How to trade volatile coins? All you need to do to do this is to see when the coin will pump. But you don't know when exactly the coin will pump. But after pumping the coin will definitely go down. So after dumping the thing you need to focus on is where the next support of the coin is. When you can see the coin's support.
It is getting close, just then you will buy the coin. But most of the time you will see the coin going up before it reaches the support, so you have to buy the coin a little earlier. Than (there is a lot of certainty) from here you will see the coin going up even a little bit, (even if it is one percent) up. So the coin What you need to do after pumping, you go directly to the cell option, after going to the cell option you use the OCU. You have to put a stop loss at exactly the price you bought. You can put 5% or 10% here, take profit or whatever you want, it will depend on the coin (according to the coin potential). By doing this you will see that you will not have any possibility of loss.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
Upvoted! Thank you for supporting witness @jswit.
Basically there are two types of trading. Short term trading is one of them. I like this. But you have to take good coin for getting good profit. If you know that, this coin will give profits soon then you can invest in this coin. Thanks for this post.
Choosing the right coin is an important aspect of short term trading. Often the crypto market follows the mother coin Bitcoin, but there are coins that sometimes move in the opposite direction of Bitcoin. We should be careful in this regard. And so the best coin for short term is Bitcoin. There are also many other coins that are suitable for short term trading.
Very nicely discussed in detail about short term trading, which is very appreciated, keep sharing more good posts like this, keep it up.
Of course, you have to follow Bitcoin to trade, because Bitcoin raises every coin, and if we want to trade short, we must trade carefully and with a lot of information. Can never be traded suddenly. Many important discussions.
Short time trading brought temporary profit, I think long term trading is most profitable. Thanks for sharing about it
You have written well here in your article, carefully explaining short term trading, please do well to continue in your fine effort to keep sharing quality content
Day by day this trading is becoming very popular but anyone who has a little understanding and experience about it can earn a lot of money from it and it is very important for us. Which can easily make our dream come true. Thank you for sharing such a beautiful thing with all of us.
You have presented an excellent post on short term trade. Sundar gave a suggestion in the middle. Actually we have very less chance of losing if we trade on these coins BTC, ETH, BNB. Thanks for sharing such a helpful post.