Six months ago I started trading cryptocurrencies, I studied and learned about trading analysis, how to read the charts, follow the news, etc. I started only with $120 because I didn’t want to lose money learning.
I am a quick-learner, at least that’s what I thought; in one month, I turned my U$120 into U$4800. You can imagine how I felt. When I started to multiply my income so fast I thought I had discovered a gold mine.
But, in less than one week, I lost my earnings of U$4800. I went back to $0 in my trading account. One week later, I deposited $1,000 of my own money; I lost them too.
Easy! The crypto market is quite new. It has barely $300 billion in market cap and that makes it very easy to manipulate for people with big amounts of money. So, you can make your analysis and interpret how is the chart going to behave but even when 90% of the most advanced traders think “Bitcoin price or any other cryptocurrency price” will go up, it could go down because of the market manipulation.
When that happens a lot of people lose money. This is not forex or stocks where the charts behave according to the entire global economy; the crypto market is a little baby that big moms with a lot of candies can manipulate easily. If you add emotions to the equation, it’s even worse.
Then, after losing U$5,800, I started with $100 again. This time I was not willing to lose; I applied what I learned, I became emotionless and I applied a different trading strategy. Today, I have 12.6718 BTC.
What Did I Do?
I cracked the system legally. I know it sounds like a movie but in fact, I found the way to trade cryptocurrency without any risk or at least a very low one.
Let me explain before you get all skeptical!
When you trade, there are two possible scenarios: the price will go UP or DOWN, right?
Just up or down. Nothing else! So, if you can bet for both options, then you will win for sure, or at least you won’t lose.
I want you to pay attention here because I will share with you how to make money trading with an extremely low-risk of losing money.
Before starting, I want to remind you that money is energy.
When you lose money is because your energy is not aligned with the energy of money… and when you find a way to make money is because you are attracting it.
If you are reading this, it’s for a reason and you should remove any energetical resistance before taking action.
The easiest way to know if you are ready to act on making some money is if you feel good. If you feel good, go for it; if you don’t feel very good, if you feel fear, anxiety, anger or any emotion that it’s not good then wait until you feel good.
Once you start making money, remember it’s like energy! You give and receive energy.
In the same way, you give money and receive money; that’s why I’m going to share with you my strategy and for your own financial benefit if you start making money with my strategy you should send me a donation (even if it’s only $1), because in that way you keep the money flow: giving and receiving.
So, How Can You Do It Too?
There is a very good platform to trade cryptocurrencies that allows you to use leverage.
BitMex allows you to trade futures contracts of some important cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Cardano, and Ripple.
Trading futures contracts means you can make money by shorting (selling) or longing (buying) positions on the price of those cryptocurrencies; this is beautiful because even if the market is bearish (price tends to go down) you can still make money in the same way that if it’s bullish (price tends to go up).
As I said before, if you bet for both positions (short/sell and long/buy) at the same time with the same price and one of those positions rockets; then you will make a good profit without losing money.
BitMex allows you to use leverage for trading, the higher the leverage you use the higher the risk because leverage means you are using the money of the company to trade.
If you use 10x leverage, it means you are investing 10 times the money you are using but you will lose it if the price moves 10% in opposite direction to the one you are investing (because 10% with a 10x leverage is 100% which is the percentage of your original investment).
What Do You Need To Start?
You can start right now if you have this:
- A Bitcoin Wallet with Bitcoins (minimum U$20 in Bitcoin). You can buy Bitcoins here
- Two BitMex accounts (Free). You can open them here
- One Trading View account (Free). You can open it here
Once you have everything, the first step is to send from your wallet, 50% of your Bitcoin to one of your BitMex accounts and the other 50% to the other account. Check the BitMex support if you need help.
Visit your Trading View account and choose your best option to trade from the cryptocurrencies available on BitMex: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Cardano, or Ripple.
Follow this example and feel free to use any amount of investment you want:
You have U$100 in BTC. You open two BitMex accounts (BitMex doesn’t have restrictions about opening more than one account per user).
You send U$50 to one of your accounts in BitMex and U$50 to the other one. Then, let’s suppose the BTC price is U$6700 and after your trading analysis, you and many other traders think the BTC price will go up in the next few days.
You open a position to BUY/LONG BTC at the price of U$6700 with a leverage of 10x in one of your BitMex accounts; then you go to your other account and open a position to SELL/SHORT BTC at the same price of U$6700 with a leverage of 10x.
Then, since you are more convinced that the price must go up you will set a CLOSE POSITION in the account where you have the SELL/SHORT position opened; you will set the closing position when the price goes down 10% or you can simply copy the “Liquidation Price” of your Buy/Long position (that means when the price reaches U$6030); in this way, if the price goes down 10% ($6,030) you will lose your investment in the account with the BUY/LONG position opened but at the same time, you will automatically recover it with the SELL/SHORT position closed.
In other words, now both positions in both accounts are closed. The buy/long position because the price reached 10% loss (which means 100% with a 10x leverage) and the sell/short position because you set to close the position and take profit automatically when the price reached 10% profit (which means 100% with 10x leverage).
Then you repeat the steps again with the new price, in our example, it would be U$6,030.
Eventually, the price will go up. When it goes up more than 10% you will lose the SELL/SHORT position but at that moment you already recovered it in the BUY/LONG position and now you just have to keep the buy/long position open as long as you consider convenient. The price could go up 15%, 20%, 100% you never know but that’s your decision to take depending on how greedy you want to be.
In my case, I take a decision depending on the cryptocurrency I am trading and in the analysis I made. In BTC I would take profit with 15% to 20% (with the leverage of 10x you are having a profit of 150% to 200%). Because of the money lost in the sell/short position, anything above 10% (100% with 10x leverage) is a profit. If I am trading other coins like Cardano, Ripple or Bitcoin Cash, depending on the analysis I would take profit between 20% to 40% (with leverage 10x is 200% to 400% profit).
As you can see, I am betting on the only two possible options for the price to go, but I always have one option that is my favorite and the other one is just a parachute.
Eventually, my favorite option will skyrocket and I will make a profit from that.
Is There Any Risk?
Yes, but it’s very low and it could only happen if you are not cautious.
If the price for the example goes up 15% and you decide not to take profit because you expect it will go higher but because the market manipulation goes down again by 15% then you will lose both positions and all your investment.
But this could only happen if you don’t check your trading positions every day and if you don’t make a trading analysis. I recommend you to use this website to make your trading analysis and/or to find advice, resources, and information about trading: Trading View
If you make a trading analysis, then you and other traders publish that the price is going up and then it starts to go up all the way more than 10% is very unlikely it will suddenly drop 10% again; so you track the price and try to close the position as high as you think the price will go up without using your EMOTIONS, only your BRAIN.
Your emotion will say: “We are getting a lot of money, hold and don’t close it yet” but then you can lose it.
While your brain will say: “we just made 50% (150%-100%=50% with leverage) but it’s better than nothing, let’s close it now and follow the strategy to minimize risks”.
It will seem you are making money slowly but you are not because you are using 10x leverage; that means if you use $100 to trade is like using $1,000 with the leverage. Every 10% profit is $100. If the price of your crypto rallies, it could easily reach 60% to 100% price movement; which means $600 to $1000 with a $100 original investment.
Did You Get It? Don’t Be Greedy
I hope you get it. I want to remind you that this is not financial advice, I am not a financial adviser but I have been using this strategy for a few months and so far it’s working beautifully.
Don’t forget about giving and receiving energy. Don’t be greedy and if you think this strategy is useful for you, send me a donation (any amount is welcome) and attract the sense of abundance to allow the energy of money to flow through your pockets.
Keeping money only for you in a greedy way without being grateful will only block your energy and your money income. Don’t do that to your bank account just to save a couple of bucks.
Your donations will be appreciated on this
If you want to minimize the risk, even more, go for the long term without leverage (1x). In this way, you are playing safe.
Please do your research first. This is not financial advice.