How I turn my $200 to $20000

[GreatArkansas]

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,
(....)

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.

[1714293505]

1714293505

[Ruvi2000sew]

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.

[ScamViruS]

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

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.

[tvplus006]

...That's my story...

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.

[Shasha80]

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.

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.

[Raflesia]

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.

[Eureka_07]

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
<snip>

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.

[Woodie]

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.

[seleme]

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.

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!

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.

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.

[Slow death]

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

[crzy]

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.

[kramchers]

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.

[Dr.Osh]

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.

[Kong Hey Pakboy]

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

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.

[worle1bm]

I'm impress to those traders who always have the strategies and make money out of it, its good that you turn your small capital into a big one now start planning on how to spend that money and how you can sustain the momentum with you and remember we can't always win in trading so better to secure some profit now. I've seen the AXS gone so crazy since late in June until now, and maybe it can go further we can't tell but if reach the over bought level that could be an exit sign for you, TAYOR!

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.

[Chato1977]

Hi folks


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

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.

[davis196]

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.

[XCANA]

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.

[XCANA]

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.

Those are life changing events when you get that amount of money. That is 1 in a milion event. Going x5 is for me more then enough in crypto and with time rising the capital.

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.

[Fatunad]

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.

Those are life changing events when you get that amount of money. That is 1 in a milion event. Going x5 is for me more then enough in crypto and with time rising the capital.

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.