MultiversX Tracker is Live!

How to make money during the bullrun.

All Cryptocurrencies

by COINS NEWS 94 Views

I'm going to teach everyone how to make money. Whether or not you decide to listen is on you, but my strategy has been effective for me and allowed me some pretty sweet gains these past few years. I'm going to use Suku for this example, but it works on many other low supply, low marketcap coins such as SKL, ASM, SPX, LCX, LRC, and ONDO to name a few. And yes, I invest in those projects myself, as well as many others.

Deposit money. Buy USDC if possible.

Search Suku, add to favorites.

Switch to Advanced Trade mode.

Set buy orders exactly like this -

1000 at .1300 1000 at .1290 1000 at .1280 and so on.

To secure better buy ins, you can also do -

500 at .1300 500 at .1295 500 at .1290 and so on.

Once you buys go thru, do the reverse. Set sell orders like this -

1000 at .1600 1000 at .1610 1000 at .1620 and so on

To secure better sell offs, you can also do -

500 at .1600 500 at .1605 500 at .1610 and so on.

Now you just wait for the price to drop to buy back in, or you switch to a coin that's in the red or hasn't pumped yet. Rinse and repeat.

For the strategy to work best, it is recommended to have 3 "bags". One bag is used for quick pumps to make quick money. For example, if you bought 1000 at .13 and sold at .14, that's a quick $10 (minus the miniscule penny fees using Advanced Trade). The other bag is used to sell in the event the coin has an unexpected crazy price increase (50% or more). At that point, you gradually start selling but in smaller increments. Instead of 500 or 1000 at a time, opt for 100 at a time. Finally, the last bag is held for the long term when the bull run actually begins, and things start exploding.

It is important to note several things. First off, be mindful that every that goes up, must come down. Consolidation is bound to happen at any point, so don't be afraid to take profits, whether $10 or $100, it's more than what you started with. Second, it is important to have funds on hand in the event of a bloodbath sell off. Never do lump sums unless you're planning to hold long term. 25% of total money should be in USDC or USDT on stand buy in that event. DCA would be optimal (if possible). Plan your purchases accordingly and never after a huge pump.

Last but not least, and I can't stress this enough, but never let greed get the better of you and keep your expectations realistic. No, LRC is never going to get to $10, but $3 - $5 is definitely more reasonable. On the flipside, don't lowball yourself on trades. Low marketcap coins have the tendency to do crazy unexpected dips. For example, I set buy orders for Skale at .10 during this recent drop, and it ended up going down to .086. While no one can anticipate anything, it's better to be prepared for the "what if" scanario than to curse yourself out later.

Follow these rules at your own risk and accord, and you'll be making some guaranteed profits.

submitted by /u/Man-Tax
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments