Mastering Live Crypto Trading: Earning $8,347 in Just One Week with the 10x Strategy

Following the Math: A Week of Live Day Trading

In this video, the trader takes us through his entire week of live day trading, showcasing his exact trading process, indicators, and strategies that allow him to make one to three thousand dollars per day. He also mentions that he usually risks $500 per trade but has increased it to $1000 per trade this week in an attempt to make three to four thousand dollars per trade. The goal is to have a five-figure week and demonstrate how others can achieve similar results without needing a large amount of capital.

Understanding the Trading Process

The trader starts by explaining the system he uses for crypto trading, specifically on the BuyBit platform. He mentions that BuyBit allows for high leverage, meaning that even with a small initial investment, traders can access a larger amount of equity. He demonstrates how to identify potential trades by looking for trend breaks and wave counts using specific tools and indicators.

Executing Trades

The trader walks us through the process of setting up trades, including determining entry and stop-loss levels, calculating risk-reward ratios, and using leverage to maximize potential profits. He emphasizes the importance of following the rules of the system and having a safe amount of cash in the trading account. He also mentions the possibility of making money when crypto prices go down, highlighting the versatility of the trading strategies.

Tracking Trades and Managing Risk

The trader provides updates on the trades throughout the week, showing how they progress and how he adjusts his stop-loss levels to minimize risk and secure profits. He emphasizes the importance of staying vigilant and making decisions based on the market’s movements. He also mentions the possibility of taking multiple trades per day, showcasing the potential for consistent profits.

The Power of Compound Interest

The trader explains the compound interest potential of the trading system, using a hypothetical example of starting with a $1000 account. He demonstrates how, with an average monthly profit of $20, the account can grow to almost $9000 in one year, $80,000 in two years, and potentially much more with continued growth. He encourages traders to join the trading community and take advantage of the system’s profit potential.

The Inevitrade Incubator and Trading Opportunities

The trader introduces the Inevitrade Incubator, a platform that offers promotions, giveaways, and bonuses for traders. He mentions the opportunity to trade various market instruments, including forex, commodities, and cryptocurrencies, and encourages traders to explore the platform and provide feedback. He also highlights the availability of free trade alerts and the educational resources provided in the trading community.

Weekly Profit Analysis

The trader concludes the article by providing an analysis of the weekly profits. He shares the results of the trades taken throughout the week, including wins and losses, and calculates the total profit of $8300. He acknowledges that the goal was to reach $10,000 but emphasizes the significant profits achieved and the potential for even higher earnings with continued trading.

Frequently Asked Questions

1. What is the recommended starting capital for day trading?

The trader suggests starting with a small amount, such as $1000, and using leverage to access larger equity. This allows for potential profits even with a small initial investment.

2. How often should I take trades?

The trader recommends taking trades based on the signals and opportunities provided by the trading system. It is possible to take multiple trades per day, depending on market conditions and individual preferences.

3. How do I manage risk in day trading?

Managing risk is crucial in day trading. The trader advises setting stop-loss levels to limit potential losses and adjusting them as the trade progresses. It is also important to follow the rules of the trading system and have a safe amount of cash in the trading account.

4. Can I make money when crypto prices go down?

Yes, the trader explains that it is possible to make money when crypto prices go down by taking short positions. Learning the skills and strategies taught in the trading system allows traders to profit from both upward and downward price movements.

5. How can I join the trading community and access trade alerts?

To join the trading community and access trade alerts, traders can visit the Discord channel mentioned in the article. There, they can find introduction videos and information on how to take advantage of the trading resources and opportunities available.

6. What is the potential for profit using the trading system?

The trader demonstrates the potential for significant profits using the trading system, with hypothetical examples showing the growth of a $1000 account to almost $9000 in one year, $80,000 in two years, and potentially more with continued trading and account growth.

7. How can I learn the trading strategies taught in the system?

Traders can learn the trading strategies taught in the system by joining the trading community and accessing the educational resources provided. The Discord channel mentioned in the article offers tutorials, trade alerts, and a supportive community of traders.