Aim for 1% profit every day.
Why would I ignore 20% gains and instead focus on 1% gains? There are two reasons.
The first reason is that 1% is manageable. Most cryptocurrencies are moving up and down by 1% every hour. The wild bull runs are hard to find, hard to time properly, and easy to go in the opposite direction where you lose a lot.
If you learn certain patterns and indicators, it is possible to consistently achieve 1-2% gains. Those gains are only exciting if you understand how far they can get you.
That brings me to the second reason that I only aim for 1% per day.
I’ll make much more money in the long term. Let’s run the numbers. Say you start your trading career with a $1,000 investment. If you trade every day using patterns and indicators that yield 1% profit per day, you’ll earn $37,783 after one year.
After 2 years you’ll earn $1,427,587.
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