Doge Short Bull Market - Trading Experience
I tried to trade doge on Kucoin. It has been a week since I tried to accumulate small assets in doge. My observation and trading action made me a small profit. I hope I will accumulate higher assets in the next few weeks.
Doge coin is one of the highest trading volume assets in Kucoin. I pair my doge with USD. Why do I choose doge to usd? The trading pair has more than $ 150 million in trading volume. The movement of the trading is very fast. You can see the difference when you trade in low trading volume and high trading volume.
In minutes, you can lose or profit. If you do not stay and watch the market movement, you may lose in minutes. This time, while I am writing, the doge is showing the bull market. The market is green with thick volume. The highest price is $0.279198 and the lowest price is $0.24514.
Short bull
In my opinion, when I want to trade, I should trade one asset. Why should I choose one asset? Because I will know better the movement of the market. I can predict the price change in minutes. I can grab a little profit and repeat the action many times. I am sure if I had high trading asset, I could make a great profit in one week of trading. That's OK, I am learning to make short profits from the short bull market.
My strategy is to peg my trading asset to USD. I started with USD and will end in USD. I began to trade by watching the short-time movement. When the price touches the lowest price in an hour. I will buy the doge. I waited a few minutes before the market moved. My experience is that, in the short term, the price will climb up to the ATH of the hour. Then, I sell my doge to gain a small profit. I relax and wait for the market to move. In a few minutes, the price will lower. I buy the doge again at the lowest price of the hour, then sell it again at the highest price of the hour.
When I want to close my trading activities, I will keep my asset in USD because when you are not on the monitor, you will not see the price movement. When I get to sleep and wake up in the morning, the price has changed. That is why securing asset in USD. It will lock your asset. In this case, I sometimes miss the opportunity to earn a huge profit when the doge price jumps sharply. However, my portfolio of my USD asset is growing in my trading account.
Conclusion
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Trade only one asset
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Peg your asset to USD
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Observe the market daily, and hourly
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Your USD portfolio must grow
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Lock your asset in USD when you are off. Thanks for reading my trading tips. I hope you can take advantage of them and I hope you have more tricks too to share. I will learn profitable trading lessons from all of you.
