Topic: How I turn my $200 to $20000 - page 2. (Read 599 times)
You are awesome. I used to think like you but couldn't do it. I traded like a robot, in the end I failed
I would love to cash a good profit when I have the chance to sell my holdings, but taking a quick profit is very difficult to achieve when you don't have a good coins. We must make sure to buy the promising asset that could provide to that assurance, but trading your $200 needs enough time to grow sustainably. Long term holding is very important in order to achieve all those goals instead of playing with day trading which is so risky.
Opinions can be different and that is a natural thing, because we have definite conclusions based on what we experience. at least know from those who may have experience to be used as a reference. all if it's for good it's fine to do.I agree with your analysis that trading with $200 obviously takes a long time, to get to the very best point. because we know that almost all coins are quite high in price at this time so a large amount of funds is needed. especially if as you say to hold on and perhaps invest, there is clearly no benefit to be received from the work.
I actually agree to trade, even though the risk is quite large but the possibility of being able to reach the point of profit that is worth it will be achieved. you really have to be patient and don't panic quickly when you trade and don't be greedy, let it be from the beginning with a small value until we are able to find a gap to be able to trade well.
Hi folks
I was active for more than 3 months on this forum because I was too focusing on trading and making research on the cryptocurrency market. The market is extremely insane. People are making money everywhere, from shit coin to main coin, especially from gaming token. Axie infinity, MyNeighborAlice, .. and tons of new games such as Plant vs undead, Meeb. All of them have been increased for days
Anyway, today I will share my story about how lucky I was in late JULY. I have been a trader for years (maybe 1 or 2 I guess) but I swear to god, It is hard for me maintain a steadily and persistent income. I can only make money when there is a good time when I can make a whole bunch in a short month. Early July, when Axie climbs from $2 to $20, I figure a type of chart which exist in m1 to make money. It was a magnificent pattern because of the high RR (1:5 to 1:10) and winning chance (About 50% chance). And after a few days of experiment, I started trading seriously with the new techniques and it brought me an outstanding profit: $200 to $20000 in less than a month
Sadly, late , I can not maintain my performance. And the "Holy Grail" does not work more than 50% of time anymore. Thus, I have to change the strategy in order to protect my fund, I do not want to become out of control and lose everything. I withdrew $10000 and gave at to my mom. It is a big amount of money to my family because of covid-19 preventing us from getting a job. However, it is hard to maintain the winning attitude after several lost. It is where my emotions jump in and roll me like a Roller coaster. Unsurprisingly, in the next month, my income drop and I threw away more than $5000. At the moment, I have stopped trading. It is the best to relax for a few days after having a long streak of loss. And my hunch tell me to share the story here
That's my story
Your story is quite common in this market with the difference that yours has a happy ending, people like you which are trading and investing in all of these new coins are bound to hit a few home runs once in a while, however the vast majority of the traders that get profits like yours end up squandering their money by wanting to recreate their past success, so even if you lost 5k you gave 10k to your mom and I suppose you still have the other 5k, so you did extremely well, be happy with yourself and instead keep the remaining 5k as money you can use on other projects that catch your attention in the future. I was active for more than 3 months on this forum because I was too focusing on trading and making research on the cryptocurrency market. The market is extremely insane. People are making money everywhere, from shit coin to main coin, especially from gaming token. Axie infinity, MyNeighborAlice, .. and tons of new games such as Plant vs undead, Meeb. All of them have been increased for days
Anyway, today I will share my story about how lucky I was in late JULY. I have been a trader for years (maybe 1 or 2 I guess) but I swear to god, It is hard for me maintain a steadily and persistent income. I can only make money when there is a good time when I can make a whole bunch in a short month. Early July, when Axie climbs from $2 to $20, I figure a type of chart which exist in m1 to make money. It was a magnificent pattern because of the high RR (1:5 to 1:10) and winning chance (About 50% chance). And after a few days of experiment, I started trading seriously with the new techniques and it brought me an outstanding profit: $200 to $20000 in less than a month
Sadly, late , I can not maintain my performance. And the "Holy Grail" does not work more than 50% of time anymore. Thus, I have to change the strategy in order to protect my fund, I do not want to become out of control and lose everything. I withdrew $10000 and gave at to my mom. It is a big amount of money to my family because of covid-19 preventing us from getting a job. However, it is hard to maintain the winning attitude after several lost. It is where my emotions jump in and roll me like a Roller coaster. Unsurprisingly, in the next month, my income drop and I threw away more than $5000. At the moment, I have stopped trading. It is the best to relax for a few days after having a long streak of loss. And my hunch tell me to share the story here
That's my story
I had using the same planning for my trading, I had started with an amount of 100$ at the first, then i didn't no which coins should be buy and how the risk management works in trading and how much it is beneficial for a trader to take control of it, but now I know most of the things about crypto and trading and make by trading to a level.
I think there is no end to the knowledge of this market. To be profitable here, you really need to strengthen the mentality of many people around you and their judgment on the market. I am a little tired and tortured, but I don't want to leave here. Let's continue learning, I will first learn to control my mentality.
hallo good night 
Looking and analyzing the coin is the best strategy and best technique i can say in trading through which most of the traders can get help for making an investment in some coins by checking their graph. But the main thing is buying and selling limit as what it can affect your trading badly or even can give traders much benefit as well.
Looking and analyzing the coin is the best strategy and best technique i can say in trading through which most of the traders can get help for making an investment in some coins by checking their graph. But the main thing is buying and selling limit as what it can affect your trading badly or even can give traders much benefit as well.
I would love to cash a good profit when I have the chance to sell my holdings, but taking a quick profit is very difficult to achieve when you don't have a good coins. We must make sure to buy the promising asset that could provide to that assurance, but trading your $200 needs enough time to grow sustainably. Long term holding is very important in order to achieve all those goals instead of playing with day trading which is so risky.
Even you are unable to control your emotions, you did very well, trading a $200 initial investment to $20,000 is not an easy feat to achieve. There are people who have been trading for years more than you have been here in trading, like you said, but they have not been able to make this much with a little amount.
For some people, before you can achieve a profit that is as high as this you will have to invest a huge amount of capital to even get close. Trading is all about dedication and patience, because you never know when your luck will shine. As you keep having patience and dedicating your time and working hard, you can just come across a strategy that will push you forward.
And learning the specific coins that you want to trade with is very important. Don't go blind when you trade coins. Not very many can really have their luck in trading. I believe the OP got his tricks on how to increase his funds. And you should not rely on hearsay but your own capability here. Read and learn more. There's no miracle. His hard work paid off. And he can always use those tricks in his trading journey.
As I read the statement of your experienced recently in doing trading in the cryptocurrency, I can considered you as one of the good traders here in this industry. Yeah, it is true the recently the price of market volume in the axie infinity was certainly dropped in the marker so far. and you were right also in the things you temporarily stopped for awhile in doing trade activity, you need to calm down and take a rest, so that you can think normal and not to become hysterical in terms of your emotions when you faced losses most of the time. I think, you need to control your emotions, have a self-discipline, be calm whatever may happens in the market price whether it goes down rapidly. If you apply all these you can think normally and can create a nice strategy for it.
I have to admit that im a terrible trader who is still struggle in controlling my emotions. If I cant fix this issue, I believe I will become a successful trader who has persistent income every months. My trading career is just begun. I will keep learning and practicing.
I hope that you guys will have a great income with cryptocurrency because the bull already moves. But remember, always cashout your money every time you have a big profit. Why? Because money management is the important key. And you will never know when there is an another crash
Even you are unable to control your emotions, you did very well, trading a $200 initial investment to $20,000 is not an easy feat to achieve. There are people who have been trading for years more than you have been here in trading, like you said, but they have not been able to make this much with a little amount.I hope that you guys will have a great income with cryptocurrency because the bull already moves. But remember, always cashout your money every time you have a big profit. Why? Because money management is the important key. And you will never know when there is an another crash
For some people, before you can achieve a profit that is as high as this you will have to invest a huge amount of capital to even get close. Trading is all about dedication and patience, because you never know when your luck will shine. As you keep having patience and dedicating your time and working hard, you can just come across a strategy that will push you forward.
Great traders are self-disciplined people and masters of emotion control. There is no doubt that this is a necessary condition for traders.
Interesting story. I wish there were more such stories, because, by and large, bull run always allows you to make money especially on new trends.
Alas, not everyone was smart enough and sagacious enough to add two and two.
Alas, not everyone was smart enough and sagacious enough to add two and two.
From 200$ to $20000 quite a big profit your earn. I am very curious to know what are you doing when you are seeing that your fund already rise twice, three x, even 10x bigger than the capital? I mean how actually you control your emotion and keep holding the coin till 100X. I can not do that to be honest. Some how if I see the fund is risen already 1-2x I immediately cashed out. lol
Same here a $500 is enough for me to take profit and close my position, I will assume he did it via spot trading and he managed to buy the dip from previous months or last year, and when he checked later it already pump. In a leverage trading if you started at $200 and saw a pump later its very tempted to tp at $1k - $2k profit. legendary
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From 200$ to $20000 quite a big profit your earn. I am very curious to know what are you doing when you are seeing that your fund already rise twice, three x, even 10x bigger than the capital? I mean how actually you control your emotion and keep holding the coin till 100X. I can not do that to be honest. Some how if I see the fund is risen already 1-2x I immediately cashed out. lol
The thing is that the crypto market is very volatile and when the market pumps it certainly give out profits to got in earlier.
This is when many people think they are good traders but the truth is that they have got the profits due to uptrend in the crypto prices.
Then when the down trend begins they realize that they are not so good at trading because they are unable to sustain their profits.
This has happened with many of us including myself. But OP I appreciate you to share your story and it's a good move to take out profits at the right time.
Withdrawing the $10k was the best thing you did. Learn more trading by studying the TA and then try different strategies again.
Never sell at a loss because the market always recovers. Keep investing but not in shitcoins.
This is when many people think they are good traders but the truth is that they have got the profits due to uptrend in the crypto prices.
Then when the down trend begins they realize that they are not so good at trading because they are unable to sustain their profits.
This has happened with many of us including myself. But OP I appreciate you to share your story and it's a good move to take out profits at the right time.
Withdrawing the $10k was the best thing you did. Learn more trading by studying the TA and then try different strategies again.
Never sell at a loss because the market always recovers. Keep investing but not in shitcoins.
You hit great achievement, Congratulations. If someone is not lucky then such a big profit is not really so easy to make less than one month.
I had an investment with MyNeighborAlice token but it was my sad story I lost 800$ in the first day when listing on binance.
it is not depend to lucky only, trading skill was needed to generate profits from market. lucky was temporary benefit but remember if we still depend on lucky we could not survive for long time. for those could growth their investment it was difficult effort and need alot sacrifice . I had an investment with MyNeighborAlice token but it was my sad story I lost 800$ in the first day when listing on binance.
Good trading luck is something we all need, without that we are basically just moving based on our instincts. You can read charts, you can check patterns, you can read what people are saying, you can follow influencers but none of that would matter if you do not have any luck at all. You have to have some luck in order to end up with a profit in the long run. I personally believe that (and OP mentioned) that this was a bit based on luck as well.
Hopefully OP gets more and more lucky in the future, I hope that everyone gets more lucky in the future, with luck we can all make a good profit. I try to minimize the requirement for luck as little as possible, and that happens when I go long term, if you decide not to sell for a decade, the need for luck drops significantly, because in long term bitcoin is a great asset to hold for a big return.
Hopefully OP gets more and more lucky in the future, I hope that everyone gets more lucky in the future, with luck we can all make a good profit. I try to minimize the requirement for luck as little as possible, and that happens when I go long term, if you decide not to sell for a decade, the need for luck drops significantly, because in long term bitcoin is a great asset to hold for a big return.
You hit great achievement, Congratulations. If someone is not lucky then such a big profit is not really so easy to make less than one month.
I had an investment with MyNeighborAlice token but it was my sad story I lost 800$ in the first day when listing on binance.
I had an investment with MyNeighborAlice token but it was my sad story I lost 800$ in the first day when listing on binance.
Good to that you actually said that you were lucky to have made that profit from $200-$20000 and not necessarily you are an expert in trading crypto currency that you can advise other if am not mistaking. How I wish I could make such an amount from trading crypto, though I usually see such movement from $3 to as high as $16.5 within a day or two but was late to enter.
luck is of course clearly followed by hard work and analyzing and continuously monitoring the movements that occur and so that they can immediately carry out executions. so if it's too late, it can be ascertained that you will not receive maximum results. it takes a lot of patience to be able to do things as they happen, and you have experienced things too late so that the moment is lost. but keep going because there will be another moment.Those are life changing events when you get that amount of money. That is 1 in a milion event. Going x5 is for me more then enough in crypto and with time rising the capital.
to experience the incident clearly requires sacrifices that are measurable so that they will receive maximum results. because it can't be missed without a good intention. so the results cannot deceive the situation at all, which has been done well.Though remember that x5 in the growth of the coins you are holding will still depends on the quantity of the coins in question you are holding. This is because if you are just little amount of the coins even if it reaches x10 you will still not be more than enough for in my opinion.
it's true that we will look at the quantity side, because all will calculate the results from how much we do for trading. because how many times we expect results, but the amount we bet is small, then we can be sure the results are also not perfect. all indeed there must be a continuity that occurs to achieve the best. 
There is also the fact that sometimes you can hit gold with one thing that you are trading. I once made 3k dollars from a 40 dollar investment by just buying something I did not even have any hope for, and ended up making a very decent return in the long run. Don't get me wrong I am not a great trader or something like that, I just got lucky and that seems to be the key to my success at that point.
This is why I believe we should strive for consistency and not for getting lucky once in a while but we should not ignore them neither. This is exactly the reason why I have tiny amounts in so many things, because what if I get lucky with one of them? That would be a big profit in the long run.
This is why I believe we should strive for consistency and not for getting lucky once in a while but we should not ignore them neither. This is exactly the reason why I have tiny amounts in so many things, because what if I get lucky with one of them? That would be a big profit in the long run.
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