Post
Topic
Board Trading Discussion
Re: How to maintain profitability in crypto trading
by
Franctoshi
on 11/05/2023, 13:12:53 UTC
3) Increase your capital: if you want to maintain profits in your crypto trading, you need to work hard to increase your capital so that it will help you to buy huge amount of coins that will help you to maintain your regular profits in the market.

sometimes increasing capital in trading is also a form of the greed of traders who are unable to manage assets properly.
with more capital, one might expect more profits to come. but I would prefer to use fixed capital with profits that will always be split. for example, if you want to trade with a capital of $ 5k, then whatever profit you get from trading would be better to save or allocate for something else. and continue to trade with the fixed capital you have.

Increasing capital would depend on the amount of your income which you want to risk in the market, if one does it due to the fact that you want to make more profits and thereby risking more than what you are supposed to put or what you can afford to lose, then greed has come into place which is not good. For me to be profitable you need to decipline yourself in trading decisions, take profits when due and to play safe ensure that your initial capital is withdrawn if doubled to remove emotions, apply DCA method of trading as it pays off a lot.