People are becoming a millionaire every year, every day, every second while you are working at a job, $30/hr. Isn't crazy? What is their secret? People always want to know how they accumulate their wealth, correct? yes, they do. Many of secrets in trading are already well known to the public if you do a little be of research. I guarantee you that you would be able to find out easily, however, application of that is the key to expand your money to double, triple and even quadruple.
Truthfully, the reason behind many people are still afraid to step out of comfort zone and not start having a journey to become a millionaire is due to the lack of confidence in applying a secret, not having a discipline to apply a secret at the right time and not applying a proven method at the right place. I would like to talk about psychological factors on a different page but I would like to talk about one of a proven methods of trading. This can be used for long-term and short-term trading when you want to know when to come in.(Buy) As a matter of fact, this is the most recent heat up topic people can jump into, cryptocurrency. I made tons of money here!!
I do have many portfolios in cryptocurrency that gave me over $150,000 in six months including bitcoin, litecoin, and the others. Today's topic is XRP (Ripple) I was able to notice the pattern of the chart and decided to come in. My expectation was to wait for a couple of months because I did expect to see a breakout soon. Then it did. Actually, I waited for a couple of weeks, then easily double my income since applied this method, SYMMETRICAL TRIANGLE trading. As you can see in the image of the chart, XRP/USD.
I realized the completion of a triangle drawn on the chart around November. That's when I jumped in. However, I lost money right after that because of FAKEOUT (many people expect to break out but on the other hand, some people took an advantage of the move and sold it right away) at the end of November 2017, then it dropped significantly. I know some people may freak out and get out of the market right away. HOLD ON. This is the best opportunity you can ever have to increase your capital. How? Here it is. You keep putting money into it then bring down the cost of dollar average(by the way, this is another secret(technique) as much as you could in the beginning of December, then wait for a breakout.....
BINGO!!It took me a few weeks to see the movement I predicted but it took only one day to make nearly $5,000. My principal was only $2,000 or less when I came in. This is how I did. My screenshots of the portfolio explained well.
Before the break-out, BE PATIENT!!
BUY MOMENTUM, EXCITEMENT!!
2nd day break-out , HEAT UP!!
NOW you can start thinking about selling it. I WOULD if I were you.