Making money is subjective...and presently, i have a limit I can use to trade...for now $500...if I make a 10% profit from that, that's $50. And after an accumulation to maybe $100, it goes straight to my naira bank account. The best temptation to lose all when you are still gaining experience is using one's total money to trade. From May, starting from Pepe run and the meme season, till now, profit is $400...and that's 300k. And there are bills to pay, man.

Yes, I trade with a small amount to *understand*, to test, and to know if I have mastered certain things because I recently switched from long term to weekly trading. After all, I have made some calls on coins on this thread that I was mostly right...that means if i have huge capital to invest, it is possible to make good profits. When I am ready to trade with 750k ($1000), I know when to start. No one wants to be in a position where he loses all and can't pay rent, groceries, etc because of investment go wrong...don't pray it for my enemy.

*The best way to test yourself if you will make it in a bull run is in a bear market. If one can make a good decision in a bear market that you don't lose much profits in it, the probability is high that you will retain more of your profits in a bull run.

doyin01:


If you are still making money ,then the 1000$ capital should have been raised all these while that you said you are making money.. .if no 1000$ capital to start trading..then you have not made money...

seanwilliam:
Tbh, at this stage I’m having doubt if anyone here is making gain from this shît

80% of people don't make money in this sh1t.

doyin01:


If you are still making money ,then the 1000$ capital should have been raised all these while that you said you are making money.. .if no 1000$ capital to start trading..then you have not made money...

Toor, them go gree?

twosquare:
The best trading stategies are swing trading and position trading.

If you want to make it in the next bull run, then position trading is for you...similar to a long term investor. You start accumulating now before the ship sails...

twosquare:
Making money is subjective...and presently, i have a limit I can use to trade...for now $500...if I make a 10% profit from that, that's $50. And after an accumulation to maybe $100, it goes straight to my naira bank account. The best temptation to lose all when you are still gaining experience is using one's total money to trade. From May, starting from Pepe run and the meme season, till now, profit is $400...and that's 300k. And there are bills to pay, man.

Yes, I trade with a small amount to *understand*, to test, and to know if I have mastered certain things because I recently switched from long term to weekly trading. After all, I have made some calls on coins on this thread that I was mostly right...that means if i have huge capital to invest, it is possible to make good profits. When I am ready to trade with 750k ($1000), I know when to start. No one wants to be in a position where he loses all and can't pay rent, groceries, etc because of investment go wrong...don't pray it for my enemy.

Huna try

twosquare:
^^ I've made money, lost money (mostly profits), and still making money...the best way to lose money is to be a day trader. You will hear am well. Except you are ready as a serial trader, monkey trading, jumping from one coin to another to take profits....it is a shuttle down to zero.

*my issue now is having good capital. To make good profits starts from $1000 above...$10k is ideal. but $1k is a start.

twosquare:
Making money is subjective...and presently, i have a limit I can use to trade...for now $500...if I make a 10% profit from that, that's $50. And after an accumulation to maybe $100, it goes straight to my naira bank account. The best temptation to lose all when you are still gaining experience is using one's total money to trade. From May, starting from Pepe run and the meme season, till now, profit is $400...and that's 300k. And there are bills to pay, man.

Yes, I trade with a small amount to *understand*, to test, and to know if I have mastered certain things because I recently switched from long term to weekly trading. After all, I have made some calls on coins on this thread that I was mostly right...that means if i have huge capital to invest, it is possible to make good profits. When I am ready to trade with 750k ($1000), I know when to start. No one wants to be in a position where he loses all and can't pay rent, groceries, etc because of investment go wrong...don't pray it for my enemy.

*The best way to test yourself if you will make it in a bull run is in a bear market. If one can make a good decision in a bear market that you don't lose much profits in it, the probability is high that you will retain more of your profits in a bull run.

Ogaa Twosquare, there is no in-between oo. You are either making profit or you are not.
if we stared trading since January till now and we have not doubled or tripled that money. We are just surviving and not making profit.

I think that to breakeven is to double your money and profit is when you breakeven after pulling the capital, so from 1.5x.

I am not counting all the time we invested in analyzing and looking at our screens.

100% agree with your last point there. If after all this suffering we have not learned to retain money, then....


UPDATE
Assuming I bought something for 5k and then it dip to 1k, if i sold it for 1.5k and tripled it in PEPE, I am still not in profit.

My bro....profit is profit...that is why i said it is subjective...what is profit to me may not be to you or a whale for that matter. Even if it is 5$ increase from 100, making it $105, it is still profit...but when you get $95, it is loss right?

I understand your point but if I'm waiting for a substantial amount to gain before I sell, I may never be able to gather much. For 2 days now, the little scraps I gathered is around $30 gain...small, yes, but if I can repeat that feat every 2 days in a week, that's $30 x 6 = $180 (N135k)...135k every week for 3 weeks is 405k. I deliberately removed the 4th week. Know that these are just postulations...and don't tell me someone in this present day Nigeria with 405k won't do much despite our currency devaluation.

I just want you to see the big picture...people don't celebrate little wins and that little drops make an ocean. If we all on this thread are waiting for a big profit before we call it profit, then we will all wait for God knows when till the market clears us all out.

Chikacha:


Ogaa Twosquare, there is no in-between oo. You are either making profit or you are not.
if we stared trading since January till now and we have not doubled or tripled that money. We are just surviving and not making profit.

I think that to breakeven is to double your money and profit is when you breakeven after pulling the capital, so from 1.5x.

I am not counting all the time we invested in analyzing and looking at our screens.

100% agree with your last point there. If after all this suffering we have not learned to retain money, then....


UPDATE
Assuming I bought something for 5k and then it dip to 1k, if i sold it for 1.5k and tripled it in PEPE, I am still not in profit.

twosquare:
Making money is subjective...and presently, i have a limit I can use to trade...for now $500... if I make a 10% profit from that, that's $50. And after an accumulation to maybe $100, it goes straight to my naira bank account. The best temptation to lose all when you are still gaining experience is using one's total money to trade. From May, starting from Pepe run and the meme season, till now, profit is $400...and that's 300k. And there are bills to pay, man.

Yes, I trade with a small amount to *understand*, to test, and to know if I have mastered certain things because I recently switched from long term to weekly trading. After all, I have made some calls on coins on this thread that I was mostly right...that means if I have huge capital to invest, it is possible to make good profits. When I am ready to trade with 750k ($1000), I know when to start. No one wants to be in a position where he loses all and can't pay rent, groceries, etc because of investment go wrong...don't pray it for my enemy.

*The best way to test yourself if you will make it in a bull run is in a bear market. If one can make a good decision in a bear market that you don't lose much profits in it, the probability is high that you will retain more of your profits in a bull run.

Quote me when you are certain and not dealing with probabilities.....nothing like "if "..

Because the crypto market is filled with *ifs*... you don't believe it? Then you have not learnt...

Anyone who is still saying *certainty* in the crypto market doesn't know what he.she is saying...quote me anywhere.

doyin01:

Quote me when you are certain and not dealing with probabilities.....nothing like "if "..

charly20:
CFX at .3000 may not be bad to pick up.

.500 looks like a decent exit.

Called it, executed it.

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twosquare:
My bro....profit is profit...that is why i said it is subjective...what is profit to me may not be to you or a whale for that matter. Even if it is 5$ increase from 100, making it $105, it is still profit...but when you get $95, it is loss right?

I understand your point but if I'm waiting for a substantial amount to gain before I sell, I may never be able to gather much. For 2 days now, the little scraps I gathered is around $30 gain...small, yes, but if I can repeat that feat every 2 days in a week, that's $30 x 6 = $180 (N135k)...135k every week for 3 weeks is 405k. I deliberately removed the 4th week. Know that these are just postulations...and don't tell me someone in this present day Nigeria with 405k won't do much despite our currency devaluation.

I just want you to see the big picture...people don't celebrate little wins and that little drops make an ocean. If we all on this thread are waiting for a big profit before we call it profit, then we will all wait for God knows when till the market clears us all out.

I am not against micro trading and profit, I absolutely get your point. But the real deal is that with that micro trading if we have not made our 1.5 till now it is just hanging on and not profit.

Yes, I agree that profit is subjective especially if you have a business or you are a corporation but no matter how subjective and flexible people are, they still come down to profit reconciliation. You reconcile your time, energy, and expenses, including opportunity cost! (na only God fit help us for that one).

405k is a lot of money for a month but at what cost and how consistent. If the time that we put into making 405k is eating into our consistent income, it becomes a loss. Hence, if profit for you is having cash at hand, then you are good but if profit for you is generational wealth, don't even think about balancing things because na heart break.

I have decided not to mention the wearing and tearing of emotions on our bodies.

Remember, whenever you trade, if it dips and you add more money to average down, when next you sell you must account for that extra DCA before calling the profit. At this rate, only people saying they made profit are in profit while the most of us keep wondering why we don't.

I will respond to the last sentence...it depends on your intention anyway. Of course, if it dips, I hate hearing buy the dips, and it dips further, where will you find the money to buy another? That is why I said it is important to know the intention. Buy the dips are sweet for long term investors, then people with a lot of capital who knows it will probably be in profit 6 months down the line or a year.

Now, for us in an economy which is not hourly, nor no much jobs (it is still tolerable for those in the first-world economies), I will only recommend being conservative.

Now, for everyone on this thread...I don't know the exchange people use. If you use MEXC for instance, it is limited in some features, compared to Binance. I know DCA you mentioned, and I realised you kinda like it as you mention it on this thread often, but not for me. Binance for instance, offers trailing stop. So, you can use it to minimise your loss and lock in profits rather than DCA. You can also use it to buy dips more than anticipated.

And to avoid DCA, you've got to be conservative. Don't HODL (except you are long-term)...study the antecedent of the coin you are trading and look at the data of the price for some weeks...[b]Check the highs and lows [/b]for the two weeks or more, so you are certain you are not buying high when it is doing 10% or 20, and they dump on you. Sure, bad news happen which can make things go awry, but most times, things are a bit stable.

As volatile as crypto is, there are coins even that are "kings of volatility" in the same space...Solana for instance, Bitcoin, Meme coins, etc, and may be slow in response. As tempting as Solana is now at $19, i can't buy it coz of its antecedents of losing too much unlike some coins...

Micro trading may recover some of your losses...

THIS IS JUST MY OPINION...NOT FINANCIAL ADVICE.

Chikacha:


I am not against micro trading and profit, I absolutely get your point. But the real deal is that with that micro trading if we have not made our 1.5 till now it is just hanging on and not profit.

Yes, I agree that profit is subjective especially if you have a business or you are a corporation but no matter how subjective and flexible people are, they still come down to profit reconciliation. You reconcile your time, energy, and expenses, including opportunity cost! (na only God fit help us for that one).

405k is a lot of money for a month but at what cost and how consistent. If the time that we put into making 405k is eating into our consistent income, it becomes a loss. Hence, if profit for you is having cash at hand, then you are good but if profit for you is generational wealth, don't even think about balancing things because na heart break.

I have decided not to mention the wearing and tearing of emotions on our bodies.

Remember, whenever you trade, if it dips and you add more money to average down, when next you sell you must account for that extra DCA before calling the profit. At this rate, only people saying they made profit are in profit while the most of us keep wondering why we don't.

twosquare:
I will respond to the last sentence...it depends on your intention anyway. Of course, if it dips, [b]I hate hearing buy the dips, and it dips further.
Micro trading may recover some of your losses...

THIS IS JUST MY OPINION...NOT FINANCIAL ADVICE.

No, but that is what I am saying to you cause my stable income is much better than crypto. At least for now.
I cannot leave that for crypto micro trading. It cannot be profitable.

$NEO is a good coin to watch...best for trading...Chinese narrative...the ethereum of China...

No o...you don't have to leave it when the target is streams of income..automate your trade...micro can be weekly or biweekly, depending on the capital.

if you have time, you can study what Binance has to offer on trading bots. They have a service like that...

Chikacha:


No, but that is what I am saying to you cause my stable income is much better than crypto. At least for now.
I cannot leave that for crypto micro trading. It cannot be profitable.

twosquare:
My bro....profit is profit...that is why i said it is subjective...what is profit to me may not be to you or a whale for that matter. Even if it is 5$ increase from 100, making it $105, it is still profit...but when you get $95, it is loss right?

I understand your point but if I'm waiting for a substantial amount to gain before I sell, I may never be able to gather much. For 2 days now, the little scraps I gathered is around $30 gain...small, yes, but if I can repeat that feat every 2 days in a week, that's $30 x 6 = $180 (N135k)...135k every week for 3 weeks is 405k. I deliberately removed the 4th week. Know that these are just postulations...and don't tell me someone in this present day Nigeria with 405k won't do much despite our currency devaluation.

I just want you to see the big picture...people don't celebrate little wins and that little drops make an ocean. If we all on this thread are waiting for a big profit before we call it profit, then we will all wait for God knows when till the market clears us all out.

Your idea of trading coincide with mine, before I used to look at the money gain in trading, wrong. Now I look at the percentage gain. If I can make 2% profit on 100$ consistently then believe me it is just a matter of time before I become a multi millionaire.

My people ,please open your eyes well ooooo..do not fall for another deflover 3.0...The same pattern..the same motivational speaking...the same "I am making ".."the same format...

Based on experience on this thread , it made me realize that When someone is asked a simple question , and they respond back with epistles and epistles ,Then just know they are up to something

It is left for you to shine your eyes and do not allow yourself to fall for sweet mouth ..empty barrels makes the loudest noise., those that are truly making money from the crypto market will not make so much noise about it.

Two square has been objective as to his trading pattern and it's been cool with him. The rest of you shading him, work out ur own way of making money in crypto too, . Ainikan se lon bayin ja.

Keep quoting and hyping yourself with alt monikers....the format is casted..

Good morning all. I am a DATA VENDOR. I sell for all networks as low as 280 Naira per gig. You can bargain for better price depending on volume. O81 three eight 7 two 55 three eight

Alaye, me I no get ur time.

lrman:
Keep quoting and hyping yourself with alt monikers....the format is casted..

SeePerson92:
Alaye, me I no get ur time.

See guilty conscience...they did not mention any moniker or your moniker ......but you already feel they are talking to you.. it could have been directed to anybody...so why do you feel personally attacked even when you were not mentioned ?? Yeye..you were not even quoted...smh...awon ole jati jati

Bobo, you are so disillusioned, you wrote back after my statement up there , so I don't need rocket science to know who you are referring to. I thought you said , you be investigator. You should have checked my Profile and that of two square. If Nairaland is the only place you seem to be relevant, bro there is more to life. quote author=lrman post=123412813]

See guilty conscience...they did not mention any moniker or your moniker ......but you already feel they are talking to you.. it could have been directed to anybody...so why do you feel personally attacked even when you were not mentioned ?? Yeye..you were not even quoted...smh...awon ole jati jati[/quote]

SeePerson92:
Bobo, you are so disillusioned, you wrote back after my statement up there , so I don't need rocket science to know who you are referring to. I thought you said , you be investigator. You should have checked my Profile and that of two square. If Nairaland is the only place you seem to be relevant, bro there is more to life. quote author=lrman post=123412813]

See guilty conscience...they did not mention any moniker or your moniker ......but you already feel they are talking to you.. it could have been directed to anybody...so why do you feel personally attacked even when you were not mentioned ?? Yeye..you were not even quoted...smh...awon ole jati jati

Going by your logic...any comment on a thread that follows another comment is directed at the previous person?? You must be dumb

The post said "keep quoting yourself and hyping yourself "...so are you quoting yourself and hyping yourself with alt monikers ?? Why do you feel personally attacked....are you guilty?? Why exactly are you crying more than the bereaved ??

Na guilty conscience dey worry you....are you a thief looking for 100$ capital like your fellow mad man called deflover ?? So why do you keep feeling attacked when you were not quoted or mentioned...are you the only one on this thread??

Why are others not feeling attacked but only YOU keep feeling attacked !!!!!!!Awon eleribu...thieves...

Today na Sunday, I no fit dey drag keyboard warrior with you, you logically made ur first comment because, I consented to Two square reasoning on his trading methodology which people have been quoting for wrong reasons.

Happy Sunday bro. Peace unto you.

lrman:


Going by your logic...any comment on a thread that follows another comment is directed at the previous person?? You must be dumb

The post said "keep quoting yourself and hyping yourself "...so are you quoting yourself and hyping yourself with alt monikers ?? Why do you feel personally attacked....are you guilty?? Why exactly are you crying more than the bereaved ??

Na guilty conscience dey worry you....are you a thief looking for 100$ capital like your fellow mad man called deflover ?? So why do you keep feeling attacked when you were not quoted or mentioned...are you the only one on this thread?? Awon eleribu...thieves...

SeePerson92:
Today na Sunday, I no fit dey drag keyboard warrior with you, you logically made ur first comment because, I consented to Two square reasoning on his trading methodology which people have been quoting for wrong reasons.

Happy Sunday bro. Peace unto you.

Shut up ole jati jati..your guilty conscience is just bothering you...whether two square or four square..were you the only one on this thread that consented to his reasoning or whatever you call it?? So why is it that it is only YOU that feel attacked ??

When we say never trust anybody 100% including me ,when we say life can happen to anyone and make them dissappear at any moment, when we say do not fall for sweet mouth of "I am making money bla bla " , when we say a reliable person today can become unreliable tomorrow.. they will reply us with epistles and say ehn we are jealous, we are this, we are that...until life happens or until they get scammed..

Just on this thread alone , more than three people have been accused and guilty of scam including deflover...and you expect people to fold their hands and watch you scam others like some people have done previously ?? You must be sick in the head..

Wo, ma binu, no guilt conscience kankan dey bother me, jeje mi ni wo wa, I no dey chop anything wey hard pass banana. I come in PEACE..

lrman:


Shut up ole jati jati..your guilty conscience is just bothering you...whether two square or four square..were you the only one on this thread that consented to his reasoning or whatever you call it?? So why is it that it is only YOU that feel attacked ??