How to 100x your portfolio?
Everyone in crypto comes with Lambo dreams, To-The-Moon mentality, riches of the Wild West and /or creation of generational wealth.
Well, crypto can actually do all of that, but there has to be a method to this madness. If with a solid fundamental plan in mind and knowing the worth of Compounding your gains, you will be on your way to creating that crypto wealth.
100x gains and how?
- 50 trades
- 10% profits per trade
- 100X your portfolio
This entire plan serves two very important points:
- Patience – sticking to your plan and TRADING the plan; not behaving like it’s a casino table.
- Power of Compounding – Albert Einstein referred to it as the “eighth wonder”
The Rules of the game:
The whole point of this trading plan is to use discipline and follow your laid out rules; something most people entering crypto completely ignore. Crypto is NOT a “Get-rich-quick-scheme”.
There will be times your particular coin will not be pumping, but remain in sideway consolidation, which is alright. Don’t keep jumping from asset-to-asset. You will end up making super heavy losses that will compound itself and you will be left with a portfolio with 0 capital. We are trying to play a long-term game with strict rules, short-term vision will be punished by the market.
So let us calculate the 10% per trade magic:
Portfolio starting balance: ₹10,000
10 trades: ₹23,570
20 trades: ₹61,210
33 trades: ₹2,11,310
40 trades: ₹4,11,790
46 trades: ₹7,29,510
50 trades: ₹9,81,990
So basically sticking to this rule and given enough time, you have managed to turn ₹10,000 to almost ₹9,81,990. That’s a whooping 98.19x of your portfolio.
This is a SPOT ONLY method we are talking about, so liquidation risk is 0 and Risk:Reward ratio is super-high.
What about STOP-LOSS?
Always keep a SL of 9% after the initial 5 trades. This will make sure that your gains are preserved and you move back only 1 trade in your overall 50 trade journey. Also, the next 10% win will have you back at break-even; resulting in preservation of capital as well as your compounded gain remaining intact.
Key-Pointers to keep you ahead in the game:
- Learn how to analyse charts at 4H / 12H / 1D time-frames
- Identify Support:Resistance of the asset to understand volatility and time your entry accordingly.
Do research the projects you are investing in, don’t just throw darts with a blindfold on and get REKT.
This entire approach requires a lot of dedication and discipline. Emotional trading and panic selling is the worst kind of trading, so always trade like a BOT. Have a plan of action and be super confident about your approach.
A huge thank you to CoinDCX for giving me this opportunity to write such a detailed report and be a part of the #CoinDCXpathbreaker program, enabling me to share such knowledge with everyone in the crypto space