Averaging Concept in CryptoCurrency Trading
Hello, Traders, I hope you all are doing well and earning huge profits.
Today i will be sharing some information on the averaging concept that can be used in trading to overcome loss and gain profit.
Suppose if you are willing to buy a coin such as SBD as we all are familiar with it and you are willing to spend about 500$.
My advice will be not to invest the whole amount at a time, break it into smaller amounts and then buy.
Suppose you invest 125$ at once at price 56k (Buy 1) and then the price dips to 52K then buy again investing 125$
(Buy 2) and when it will go back to 56k sell both your buys or hold for more profits. If you sell at (Buy 1 then you will gain profit from Buy 2 and no loss from Buy 1.
Just in case After Buy 2 it dips back again upto 48k then buy again with 125$ (Buy 3) and so forth and when the price comes back to Buy 1 you can sell all your buys or hold for more profit. You will gain profit from Buy 2 and Buy 3 and no loss for Buy 1.
wow nice tips for holding
Thanks. Follow and stay tuned for more updates
already done
Great
Great post!! I loved it!!
Thanks
@originalworks
The @OriginalWorks bot has determined this post by @pratyush149 to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!