RE: BTC almost $4,000!!! Will it hit $6,000 or more? Where do I take profits on my Free coins?

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BTC almost $4,000!!! Will it hit $6,000 or more? Where do I take profits on my Free coins?

in trading •  7 years ago 

thats an impossible question.. Its always different.. sometimes I make 10% on a trade and sometimes I make 250%.. its all over the place.. what I can tell you is, I dont even set any type of goals.. I just make sure each trade has very very high odds.. and I dont worry about return on investment, or how much I make for the week or month..
Think of it this way: lets say you have $500 to start, and on your first trade your buying $50 worth of XYZ coin and you make a great 10% trade profit of $5.. awesome!! but now are you going to start to focus your attention on how much you can expect to make each week? (5 x 20trades =$100 per week if every trade is perfectly the same) $100 a week seems like alot of work for nothing... However if you just focus on really trading awesome, following rules, buying at the right spots.. then in 6 months you will be sitting on a balance of 5,000-20,000 and you wont believe how fast it grows.. then in a year, you may have $50,000 in your account and you will still be making the same trades, just with an extra few zeros attached.
With a market like cryptos your account can ballon so fast..

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True ;) thanks for answer.