Bitcoin Forum

Hi folks

I was active for more than 3 months on this forum because I was too focusing on trading and making research on the cryptocurrency market. The market is extremely insane. People are making money everywhere, from shit coin to main coin, especially from gaming token. Axie infinity, MyNeighborAlice, .. and tons of new games such as Plant vs undead, Meeb. All of them have been increased for days

Anyway, today I will share my story about how lucky I was in late JULY. I have been a trader for years (maybe 1 or 2 I guess) but I swear to god, It is hard for me maintain a steadily and persistent income. I can only make money when there is a good time when I can make a whole bunch in a short month. Early July, when Axie climbs from $2 to $20, I figure a type of chart which exist in m1 to make money. It was a magnificent pattern because of the high RR (1:5 to 1:10) and winning chance (About 50% chance). And after a few days of experiment, I started trading seriously with the new techniques and it brought me an outstanding profit: $200 to $20000 in less than a month

Sadly, late , I can not maintain my performance. And the "Holy Grail" does not work more than 50% of time anymore. Thus, I have to change the strategy in order to protect my fund, I do not want to become out of control and lose everything. I withdrew $10000 and gave at to my mom. It is a big amount of money to my family because of covid-19 preventing us from getting a job. However, it is hard to maintain the winning attitude after several lost. It is where my emotions jump in and roll me like a Roller coaster. Unsurprisingly, in the next month, my income drop and I threw away more than $5000. At the moment, I have stopped trading. It is the best to relax for a few days after having a long streak of loss. And my hunch tell me to share the story here

That's my story

Here is the graph of income in percentage and dollar:

https://i.imgur.com/et8kFfA.png

I have to admit that im a terrible trader who is still struggle in controlling my emotions. If I cant fix this issue, I believe I will become a successful trader who has persistent income every months. My trading career is just begun. I will keep learning and practicing.

I hope that you guys will have a great income with cryptocurrency because the bull already moves. But remember, always cashout your money every time you have a big profit. Why? Because money management is the important key. And you will never know when there is an another crash

Yeah I think a lot of beginners Charts look like this. You might be just a good risk management strategy away from making quite good profits though.

Can $10000 sustain your family for quite a while? If so, I'd spend that time experimenting with whatever's left doing maybe smaller trades (eg with 10% - but not with a full amount).

Yeah, I am working with a small amount of money. And indeed it is a beginners charts hahaha. My years of experience cant help me to maintain my emotions. The only thing I good at is recognizing chart patterns. I was good with forex where I could manage to earn $50 weekly. I guess I have to start again with my old money management way which I used in forex

Very inspiring, actually I started to invest 50usd and bought AXS too at 19usd it doubled my investment but the bad thing is i didnt hold. Now that I have $100 from my balance I started invested it on DOGE and ETH.

Looking and analyzing the coin is the best strategy and best technique i can say in trading through which most of the traders can get help for making an investment in some coins by checking their graph. But the main thing is buying and selling limit as what it can affect your trading badly or even can give traders much benefit as well.

Well, that is good for you --would mine share with us and tell us what strategies you have used in trading?
I have been witnessed different people^[traders] saying that they are have profited a lot in trading on this current bull market. Perhaps that is the reason why you get profited from your trading activity because of the situation that the market price continued increasing and luckily. An inspiring story from you but this does not mean everyone will do the same as yours.

As long you do make profits then that what matter most.When i do talk about missed opportunities of having more profits just because i didnt held that long then it would be lots but i dont really make
myself get stressed and move on because profits what do matter most and dont ask for more if you do missed out on making more because that would just create some stress and would make out
some possible mistakes in the future if you do consider on holding a little bit more before selling because each situation wouldnt really be the same as always.
So timing is something lit if you do ask me.

A nice experience you have there. Not pressuring yourself to continue more after a loss. It's good to have a break sometimes. And the best part, cashing out the money you earned because everything is not "just to hold your coins for long".

Your skills got enhanced and improve because you have a goal, especially that everyone is struggling in the pandemic. I like your risk management for diversifying several eggs in different baskets. That's not simple to maintain in the long run.

I know you don't need any advice. Just good luck in your future trading activity and hope all is well.

Wow that was really a good profit, I really don't think you're a terrible trader since if you are a terrible trader you won't make your $200 to $20000 well I am really impressed with your performance and honestly it inspires me to do the same I have more than $200 right now and I hope I would be able to make profit at least half of what you have accomplished. I think I would sometimes take higher risk in order to have a higher income but of course I will not make any hasty decision.

Actually i start trading with small account as well like you, and yes at first it's to difficult but after i've learn all the useful strategies that can help me to increase my win rate, all becomes well and until now i can still use it. And yes there's a times that i want to stop my journey also because of some mistakes and losses in trading, but i never give up to make research in order to answer all my mistakes. look where i am now I'm still enjoying my day while trading and waiting for opportunity to gain profits..  ;D

Quick tips: always follow what's trending to assure there's a good return after all.. Lol by the way not a strategy but a technique for me in my opinion to increase win rate especially if you have small capital to trade.. It's a good idea to roll up your money..

It's all depends upon the experience and also some time luck, the more you have experience, the more you will get to success, this is the only key and i think most of the traders get help from this analyzing chart which is quit beneficial for us as well as other traders. And secondly always keep patience in trading.

At least you take some and use some funds to do another trade.

Well, nothing wrong with that with only one month from 200$ to 20,000$ is already a great achievement. Even you lose the 10,000$ but based on the initial amount you are using still in the winning situation. No matter how much profit you're, a good trader is not always looks at how much profit they're made but is always from ended the trade with profit.

All trading is future trade ?

That is the key factor that makes trading cryptocurrency a very demanding job but when it hit it hits big, the same strategy that you use 100 times that you have tested over and over again, as soon as you put it to work
you start losing, the point is that the market is volatile and requires you to be up to your game and adoptable. and rethinking your strategies on every loss.

This is very interesting . What you say is very true my friend. Money management is the main thing . Indeed, humans are never satisfied. I should have done the same thing when I had a big profit, I should not be so thirsty for profit anymore. But because of my ambition I lost part of my profit. But since then I have learned a lot, that self-control is very important. And relax when our money has been collected.

Yes, all trading is future trade. Leverage is from 20x - 50x depends on how well the market is

I agree. Still working on new method for a long run rather than just a month like this. I can easily apply compound interest to increase my profit, too

Well done. Small amount of money always make me confident. I guess it is because I was holding a big amount of money so that I was not able to keep up with the plan

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Thanks everyone. It is good to hear your opinion. And have you collect any coin yet? Yesterday was a masacre to anyone buying cryptocurrency. And now it is a good time to buy great coin with cheap prices

This might look rude to you but you were just too lucky to have found a couple of multi-baggers during the bull run, Bull run is actually an excellent time to make money in the crypto market but what happens with new traders is that they lose all the money they have earned in the bull run immediately after the bull run gets over. I have experienced two bull runs and in the first one, I made this mistake while in the second one was fortunate enough to get out on time. There are two options you have in such a scenario, first is to either wait for another bull run just like the previous one to make longs once again and earn money, the second option is to create a new strategy which works in this market scenario too, try the strategy out with just a few 100$ and then ensure you don't put in all your money into trades at once, only when you are confident that this strategy works, go in trading with this strategy with all your capital.

Well, on Youtube I saw a person who every day makes between 500EUR to 2000EUR only investing 500EUR, that the worst days can only make 400EUR, and his strategy is very simple, it consists only of looking for NFT game projects, searching and being in the whitelist or presale, after that buy, after going to the market wait to sell at least in the 2nd or 3rd green candle, because the price tends to fall, then when it falls, buy again and thus find a way to play at least 1 week to put your money in farming, and withdraw quickly, is actually a strategy that is not bad, but it does have its great risk.

Great work indeed brother, but there are certain cases we didn't know about the market and we can't say anything we can expect about it only, there are many other situations like the market dump we have to be suffer there from a lot of loss even we are not ready for it. And another thing I must tell you is the market which is volatile.

That’s indeed a great journey and quite motivating.
And I really appreciate the choosing of perfect coin and perfect time.
Same too happened with many people who had hold the Dogecoin before the doge booms up.
They might have also made good profits from a small amount.
So at last it’s all about great timing, luck and good choice of coins.
Really op well done.

to make it a 100x increase, I think it's only easy for new projects, where the price is still cheap and easy to manipulate, but it is directly proportional to the risk, therefore we must dare to take risks by investing in potential new altcoins, so we must analyze it carefully first. And when the target is reached, I suggest you to leave the market immediately, don't let greed dominate us

I disagree here. If you are doing trading, identifying alone the trading pair you trading for just being a "new project", will not work. There are a lot of things to consider when trading,  especially if you are in a quality exchange in which most of the listed trading pairs there are quality and already not "new projects".

Btw as what OP said, risk management is a must, key for becoming a successful trader.

Great effort, brother, but there are certain things we don't know about the market and can't predict, and there are many more circumstances, such as the market dump, when we have to suffer a lot of losses even though we aren't prepared. Another issue I should mention is the market's volatility.

If you can trade in the right way then you can make profit from any coin. You always have to maintain risk management, one of your profitable trades can lead to losses if your risk management is not right. Investing in new coins is definitely risky if the market situation is not good.

But the market situation was on an up trend when he traded, this coin has got more extra benefits due to the market uptrend. So when a coin is listed on the largest exchange, you should also have an idea about the demand for that coin.

In any case, you will remain a hero for your family, as you have replenished the budget by 10 thousand dollars, which is a lot of money for an ordinary family. I know many stories about how the money earned was lost very quickly by such traders who believed that the cryptocurrency and the casino are one and the same. I am sure that after you analyze your trading, you will earn even more profit for your family.

Many lessons can be learned from the trading experience of others, because we really need to learn a lot in order to become a successful trader.
I agree the selection of coins is very important to be able to make a profit when trading, because the wrong choice of coins for trading can
make us experience losses. So it is necessary to do research and analysis to be able to determine which coins are good for trading, because even
with small capital if we manage to choose potential coins, it can make us generate large profits. Because sometimes some coins will pump very high,
and if that happens, immediately take profit. Good traders know when to enter and exit the market.

If you want to change your profit to be bigger, it can even be 100x, try to invest in shitcoin because as far as I know if you choose the right shitcoin, the increase will be more than 100x. heavy and you have to master and choose a more viable shitcoin project in your opinion.
Because for me it will be very difficult if you want to change the capital of your title to 20k because you have to have great skills to start this one.

But believe me you have to be able to manage your finances, don't be influenced by things that are not certain, it's clear that you already know how a safe investment will be much better.

The reason why you've been able to profit a lot on your early days as trader is that you were at the right time, congrats to that! I guess you're referring to the coin of Mavis' named AXS, as of writing this post, its price is at $64.42 and it peaked at $94.67 (binance rate). Just imagine how much you could have now if you hold it a little more longer. But it's fine profit is profit, and you had big profit from your $200.

Very inspiring way to get around the investment fears of crypto, and that price movement of $2 to $20 within a short period of time is insane mate. This really reminds me of the days of the ICO were we could buy really cheap coins and wait for the coin to get listed on a much bigger exchange and once this was done price usually was bullish after that... but now the game has kind of changed with how we can invest in high probable altcoins, we really have to research to find such gems that can grow 10X in a short time.

There are thousands of ways to master yourself and control your emotions, better to keep applying rules on your trading plan. Never chase your losses, cut it while you can, and don't be greedy if you are in profit. Trading can be your full-time job or another way to accumulate passive income.  Never go to chase your losses, there will be other opportunities another day, just stick to your own trading plan no matter what.  The chances are big to make a profit for pro traders, be one of them! Best of luck!

I also remember those good old days, it was easy to catch 10x right after the market listing on the exchange. Pre-sale prices were below 3x of the usual price and we were in profit even if market listing gonna happen in a year. Bullish markets were predictable and as you mentioned some gem altcoins were going up to 20x in a day.

from what I see you didn't transform $200 and, $20,000 doing day trading, what you did was you were lucky to have found a project where you invested $200 and that same project had a big increase capable of transforming your $200 at $20,000, that's buy and hodl, when you tried to day trade you lost $5000. and that's what I'm realizing. well my advice would be for you to practice trading with a small amount and continue to invest in projects that can give you returns similar to what you got

This is also my understanding and he’s so lucky to have that project, but it looks like trading is still not for him because of his losses. Anyway, profit is still profit and this could be consider as trading it just that, its a long term trade. I got a few lucky project as well and it made a good profit to me, buying and holding a good project can alway be profitable and turning $200 to $20k is already a big achievement in cryptomarket.

Analyzing a coin in the chart is the one that I most like, but the problem is until now I don't have that skills yet, I think out of 100% its only 30% for now, there's a lot of things in which I need to learn and to understand more here in cryptocurrency. I wish I can do that as well just like what the others did to grow their assets here via trading.

it's a very good thing for you, and your decision is very right to withdraw $100000 of your profits. however, since early 2021, a lot of people have benefited from crypto, in fact the biggest one I think is what is earned from holding Dogecoin. although I also get a profit that is not as big as you, but I think right now there is quite a lot of potential for low-priced coins to be very high, because of that meme coin is one of the most popular this year.
Currently, coin games like Axie, MyNeighborAlice, and others are trending again. to be honest I'm also trying to make a profit out of it. well, congratulations to you for making so much profit. after all, we are all also trying to get that big of an advantage. Well, I'm also currently holding some popular coins and hoping to make tens of thousands of dollars in profit this year.

In a way though, OP did turn the 200 to 20k still, it's still a win plus doing only trading won't get you anywhere especially if you're not really good at it, OP decided to risk diversification and it did pay off.

There were lot of coins which went from bottom levels to their ATH in this peak season and those traders who have setup trade analysis and strategies for the investment like the @OP have benefited themselves with these.His story is inspiring that how he turn out to be a successful trader starting from $200 only and converting it to the big capital with all the loss also but still recovering out of it which is motivational for others.The traders need to learn to be patient and make plans in the market recovery phase to counter the losses.

Not only when we gain Big profit actually consider withdrawing when you gain 50% though risk taker will not believe on that because they need more than that like you, but of course you only become lucky just like that.

Playing around with NFT games like Axie Infinity and shitcoins isn't crypto trading.This seems more like gambling.
You caught a big price bubble with Axie,that's great,but you had to cashout and leave with the profits at the right moment.I assume that you had luck.Many traders forget about luck and think that they have talent and skills,but the truth is that their first major success was only luck(or being in the right place at the right moment,without expecting this to happening and without a plan).Buying a token right before it's price explodes is just luck,if you ask me.
Losing money and learning from your mistakes is actually more important,than making gigantic short term profits(at least in the long run),when it comes to crypto trading.

Good to that you actually said that you were lucky to have made that profit from $200-$20000 and not necessarily you are an expert in trading crypto currency that you can advise other if am not mistaking. How I wish I could make such an amount from trading crypto, though I usually see such movement from $3 to as high as $16.5 within a day or two but was late to enter.

Though remember that x5 in the growth of the coins you are holding will still depends on the quantity of the coins in question you are holding. This is because if you are just little amount of the coins even if it reaches x10 you will still not be more than enough for in my opinion.

Sometimes on when luck is really somewhat needed on times on where we do risk up on low cap coins because reaching x5 or even more is something that you could really see with those coins
which we know that this is something risky but we do know on what are those things that it could bring if we had done it right and also sharing up some methods or analysis isnt bad
but doesnt mean that following them would assure that you would experience on what they had experienced, its just a wrong mindset or anticipating to have.

There is also the fact that sometimes you can hit gold with one thing that you are trading. I once made 3k dollars from a 40 dollar investment by just buying something I did not even have any hope for, and ended up making a very decent return in the long run. Don't get me wrong I am not a great trader or something like that, I just got lucky and that seems to be the key to my success at that point.

This is why I believe we should strive for consistency and not for getting lucky once in a while but we should not ignore them neither. This is exactly the reason why I have tiny amounts in so many things, because what if I get lucky with one of them? That would be a big profit in the long run.

luck is of course clearly followed by hard work and analyzing and continuously monitoring the movements that occur and so that they can immediately carry out executions. so if it's too late, it can be ascertained that you will not receive maximum results. it takes a lot of patience to be able to do things as they happen, and you have experienced things too late so that the moment is lost. but keep going because there will be another moment.

to experience the incident clearly requires sacrifices that are measurable so that they will receive maximum results. because it can't be missed without a good intention. so the results cannot deceive the situation at all, which has been done well.

it's true that we will look at the quantity side, because all will calculate the results from how much we do for trading. because how many times we expect results, but the amount we bet is small, then we can be sure the results are also not perfect. all indeed there must be a continuity that occurs to achieve the best.

You hit great achievement, Congratulations. If someone is not lucky then such a big profit is not really so easy to make less than one month.
I had an investment with MyNeighborAlice token but it was my sad story I lost 800$ in the first day when listing on binance.

Good trading luck is something we all need, without that we are basically just moving based on our instincts. You can read charts, you can check patterns, you can read what people are saying, you can follow influencers but none of that would matter if you do not have any luck at all. You have to have some luck in order to end up with a profit in the long run. I personally believe that (and OP mentioned) that this was a bit based on luck as well.

Hopefully OP gets more and more lucky in the future, I hope that everyone gets more lucky in the future, with luck we can all make a good profit. I try to minimize the requirement for luck as little as possible, and that happens when I go long term, if you decide not to sell for a decade, the need for luck drops significantly, because in long term bitcoin is a great asset to hold for a big return.

it is not depend to lucky only, trading skill was needed to generate profits from market. lucky was temporary benefit but remember if we still depend on lucky we could not survive for long time. for those could growth their investment it was difficult effort and need alot sacrifice .

The thing is that the crypto market is very volatile and when the market pumps it certainly give out profits to got in earlier.
This is when many people think they are good traders but the truth is that they have got the profits due to uptrend in the crypto prices.
Then when the down trend begins they realize that they are not so good at trading because they are unable to sustain their profits.
This has happened with many of us including myself. But OP I appreciate you to share your story and it's a good move to take out profits at the right time.
Withdrawing the $10k was the best thing you did. Learn more trading by studying the TA and then try different strategies again.
Never sell at a loss because the market always recovers. Keep investing but not in shitcoins.

From 200$ to $20000 quite a big profit your earn. I am very curious to know what are you doing when you are seeing that your fund already rise twice, three x, even 10x bigger than the capital? I mean how actually you control your emotion and keep holding the coin till 100X. I can not do that to be honest. Some how if I see the fund is risen already 1-2x I immediately cashed out. lol

Same here a $500 is enough for me to take profit and close my position, I will assume he did it via spot trading and he managed to buy the dip from previous months or last year, and when he checked later it already pump. In a leverage trading if you started at $200 and saw a pump later its very tempted to tp at $1k - $2k profit.

Interesting story. I wish there were more such stories, because, by and large, bull run always allows you to make money especially on new trends.
Alas, not everyone was smart enough and sagacious enough to add two and two.

Great traders are self-disciplined people and masters of emotion control. There is no doubt that this is a necessary condition for traders.

Even you are unable to control your emotions, you did very well, trading a $200 initial investment to $20,000 is not an easy feat to achieve. There are people who have been trading for years more than you have been here in trading, like you said, but they have not been able to make this much with a little amount.

For some people, before you can achieve a profit that is as high as this you will have to invest a huge amount of capital to even get close. Trading is all about dedication and patience, because you never know when your luck will shine. As you keep having patience and dedicating your time and working hard, you can just come across a strategy that will push you forward.

As I read the statement of your experienced recently in doing trading in the cryptocurrency, I can considered you as one of the good traders here in this industry. Yeah, it is true the recently the price of market volume in the axie infinity was certainly dropped in the marker so far. and you were right also in the things you temporarily stopped for awhile in doing trade activity, you need to calm down and take a rest, so that you can think normal and not to become hysterical in terms of your emotions when you faced losses most of the time. I think, you need to control your emotions, have a self-discipline, be calm whatever may happens in the market price whether it goes down rapidly. If you apply all these you can think normally and can create a nice strategy for it. 

And learning the specific coins that you want to trade with is very important. Don't go blind when you trade coins. Not very many can really have their luck in trading. I believe the OP got his tricks on how to increase his funds. And you should not rely on hearsay but your own capability here. Read and learn more. There's no miracle. His hard work paid off. And he can always use those tricks in his trading journey.

I would love to cash a good profit when I have the chance to sell my holdings, but taking a quick profit is very difficult to achieve when you don't have a good coins. We must make sure to buy the promising asset that could provide to that assurance, but trading your $200 needs enough time to grow sustainably. Long term holding is very important in order to achieve all those goals instead of playing with day trading which is so risky.

hallo good night :)

Looking and analyzing the coin is the best strategy and best technique i can say in trading through which most of the traders can get help for making an investment in some coins by checking their graph. But the main thing is buying and selling limit as what it can affect your trading badly or even can give traders much benefit as well.

I think there is no end to the knowledge of this market. To be profitable here, you really need to strengthen the mentality of many people around you and their judgment on the market. I am a little tired and tortured, but I don't want to leave here. Let's continue learning, I will first learn to control my mentality.

I had using the same planning for my trading, I had started with an amount of 100$ at the first, then i didn't no which coins should be buy and how the risk management works in trading and how much it is beneficial for a trader to take control of it, but now I know most of the things about crypto and trading and make by trading to a level.

Your story is quite common in this market with the difference that yours has a happy ending, people like you which are trading and investing in all of these new coins are bound to hit a few home runs once in a while, however the vast majority of the traders that get profits like yours end up squandering their money by wanting to recreate their past success, so even if you lost 5k you gave 10k to your mom and I suppose you still have the other 5k, so you did extremely well, be happy with yourself and instead keep the remaining 5k as money you can use on other projects that catch your attention in the future.

Opinions can be different and that is a natural thing, because we have definite conclusions based on what we experience. at least know from those who may have experience to be used as a reference. all if it's for good it's fine to do.

I agree with your analysis that trading with $200 obviously takes a long time, to get to the very best point. because we know that almost all coins are quite high in price at this time so a large amount of funds is needed. especially if as you say to hold on and perhaps invest, there is clearly no benefit to be received from the work.

I actually agree to trade, even though the risk is quite large but the possibility of being able to reach the point of profit that is worth it will be achieved. you really have to be patient and don't panic quickly when you trade and don't be greedy, let it be from the beginning with a small value until we are able to find a gap to be able to trade well.

You are awesome. I used to think like you but couldn't do it. I traded like a robot, in the end I failed

Right now, it's excellent trend as many investors doing things like this because they feel much better and satisfied with experiment's like this instead of doing jobs or having stuff which give them headache I was watching few social media groups were too many youths are involved in this, and they have some good profit as their own strategy.

Many lessons can be learned from these trading experiments and small capital never been hurt because we have very long way to go in life, just keep eye on market and have your own research for solid and use case projects because sometime scam projects can hurt very badly.

Great inspiration. And its a 100x profit from your initial investment. There are lot of peoples that do not have big investment but they have great professional skills that's why they earned lot of money with a small investment. And you are one of those person that turned their small investment into a big profit. I did not know how you make this profit but its a great achievement.

Yes, that is a big story from him and I guess he could not imagine that he could make a big profit from trading. I am sure he will have the other opportunity in the future, especially if he can improve his skills be better than before. It is a good lesson not to give up on what we believe in achieving our goals. Hopefully, this year we can come back to make a big profit again and continue to work in crypto as usual. I am sure in the next bull run, we will have another good story from crypto.

Well, it was time to see some positive and inspirational trading stories here... this is definitely that! Someone who makes x100 with trading in 3 months deserves congratulations definitely!

It's possible, we know it's possible and some people are achieving it! I couldn't find myself in short (daily) trades, somehow I was doing everything wrong, and that leads to losses... Now I am profitable with mid and long-term trades, but I don't chase for a big profit, I am just looking to survive and to have more crypto in the future!

Honestly, this is a very inspiring story...

this year was a great year, I also earned thousands of dollars from trading this year but unfortunately, I made a mistake and put all my funds in defi. I admit I was greedy because I put all my money in a newly emerging defi project without first analyzing it, more than 70% of my assets value disappeared from the defi.

Hold is Gold, i heard this, but i never hold any coin for long time and for this reason stil i couldn’t  increase my portfolio, you not hold AXS and lost a good profit from it, it has same with me.   

I checked OP's post history and he is not a noob neither, dude is a good trader. I mean of course everyone has great days and horrible days and obviously this was probably one of his better days. I do not mean like he could do this all the time, but he looks like a smart person who knows what they are doing so I assume that it wasn't like some dumb newbie lucky that he made this profit, he was ready for some stuff.

At the end of the day, if you study hard and become a good trader, you increase the possibility of you making some profit, and if you do that hardcore then you are going to profit from it in the long term as well. I am not an amazing trader, but I work hard to learn more so that the possibility of me trading to make this kind of return becomes possible, without working hard then you will not even have that chance at all.

It's a big inspiration for me.
Trading is risky but if we do the right thing, strategy, and emotions, trading will really make us many profits. Many people also have proven this.
I personally also have enjoyed some profits from trading. But it is not as big as yours. Turning $200 only to $20000 is a big profit. We know that it may be not easy for you moreover at the beginning. However, we also know that some people may be inspired by you, but some only focus on the profits, not the process that you have done.
Good, really great inspiration.

It simply means that trading is really hard and risky. And we can never expect that it all be in good and profiting but losses are somewhat a part of it due to the volatility of the market we all have to experience this from time to time. Seeing no assurance from trading, even we are an expert, been in trading for so many years but can't say that it all gonna be fined. We can't make it perfectly and sometimes we been influence by our emotions which is mostly one reason for our failure.

just like those of you who have been in the trading world for a long time but still can't think that trading is easy, especially for those of us who are still beginners. but I think that big profits can be achieved by going through the process, and we should not assume that trading will make big profits in a short time

When the market is in bullring, its very easier to make some quick profits and rust me, you don't really need more of technicalities to make some profits, just follow the hype and swing some Buy and Sell, ams you are good to go.
There are lot of opportunities in crypto trading as long as Bitcoin doesn't misbehave, if you are very good in getting information on Binance exchange, you will make quick money before a coin explode.

The down side of this is that when the coin want to make corrections, it sometimes looks like a disaster and you will heavily loose if not have which has happened already to Op but it's a blessing you made $10k for your family.

We come to trading for a profit and that is our main goal but we can't assume that it will work smoothly even you have a so-called process. Knowledge, skills, capital, and strategies, these things couldn't give us the assurance to succeed because out of those things that are merely hard to control is our emotions which are a barrier to our success.

Even old-timers traders had never stop from learning and adopting the market situation and this must be applied for the newcomers as well. Perhaps, there is no way to stop from doing this as it was a vital thing to do.

There are strategies to reach the OP's goals but it is not an easy journey.
He may even lost the $200 before gaining sufficient experience to battle his quest here.
That is, if he will not give up. As he starts to go up, don't use all the funds in one coin.
Diversifying is one strategy to minimize losses. Gaining tips along the way will also help in choosing the good path in trading.
It may not only take 200 bucks to reach his goal but if he will continue, he may even gain more than what he is aiming for.

That's right there's no need for any technicality when someone is holding during the bull run. But I totally disagree with you that it's easier to make quick profits in a bull run. If things are that easy then why there are still lots of traders burned during the bull runs? When the market is in a bull run, people have no choice but to hug the high price. They are forced to buy at the top and sometimes the results are not that good.

It's even more comfortable to buy and sell during the bear run instead of a bull run.

It really matters how we brought our life in real trading. It was very easy to speak but somewhat difficult when you are in actual trading, that is the fact. I can really say that I can do this and this at the very beginning but once on the on-set, it may change at all and mostly out of the plan. This is the reason why we mostly lose from trading and only a few are able to succeed because they stick to the plan and focus.
It found this to happen due to the volatility of the market and sometimes we lose control of our emotions which leads to failure and losses.

actually you are not wrong, anyone will multiply the funds obtained to be even more profitable. but we already know that in trading it is not always profitable and you experience that. but it's normal if one time to anticipate but not relax to keep trying because the trade is still going on.

I may disagree that hold is the best move, because in trading profit and loss equal opportunities we will get. because by holding back, we will not be able to develop again, even though we do need to be developed, so it is not wrong to continue trading. once again good analysis and need to be patient and not greedy, must also play a role in trading.

This year for more than 40% of months, we had bearish trend hence making profits from trading is not depending on the trend of the markets but absolutely depending on your skills. We must need experience and skills to make profits regardless of where the market is heading. Probably in bullish trend if we adopt long term holding way of trading then we may make easier profits but I guess that must be out of context here as we are taking about active trading and not about holding.

I do not think so. I like I mentioned above, if you are skilled enough then you will be able to make consistent profits on all types of markets which include sideways trend as well.

Indeed, it won't matter which market season is going on if anyone well skilled to spot current trends/hype of the market. As crypto market's having any kind of trends whether it's bull or bear season, so anyone can make profits by taking advantage of those for their own trading. Also, grid trading is more useful with stop-loss while sideways movement is happening, IMO.

In fact, this is very cool! I would like as many traders as possible to go this way, getting a positive result.

When it comes to profitability then this would always matter on traders capacity or skills because this isnt something you could really make out even if you do tend to copy out someones strategy.

Lots of factors could really affect your profitability and when it comes to decision making then this will really be different to each other.You could really turn out your 200 bucks to 20k if youve done it well.

Compounding profits might be the way or method on here or slow accumulation.This is the beauty or chance that trading could give.