Unveiling the Exclusive Crypto Trading Strategy Employed by Seasoned Traders Today!
**Removing the Dollar: A Game-Changing Strategy for Crypto Trading**
*Subtitle: How to Build a Profitable Portfolio and Achieve Long-Term Success*
Introduction
In the world of cryptocurrency trading, it’s easy to get caught up in the obsession with the dollar value of your investments. However, by shifting your mindset and focusing on building a portfolio that generates real value, you can achieve long-term success and financial freedom. In this article, we will explore a game-changing strategy that removes the dollar from your trading mindset and helps you build a profitable portfolio. By following this strategy, you can take your crypto journey to the next level and achieve the life you truly desire.
The Importance of Removing the Dollar
When it comes to crypto trading, many people are fixated on buying bitcoin at the right time and making profits in dollars. While this is important, it’s not the only thing that matters. By constantly worrying about the dollar value of your investments, you limit your potential for growth and miss out on opportunities to build real wealth. Instead, it’s crucial to shift your focus to the currency you truly want to build: Bitcoin or ethereum.
Building a Profitable Portfolio
To build a profitable portfolio, you need to understand the different businesses you can create within the crypto market. Just like in the traditional business world, you can have multiple businesses that serve different purposes and generate different types of income. In the crypto world, these businesses can be categorized into three main types: spot accounts, margin accounts, and leverage accounts.
Spot Accounts: The Foundation of Your Portfolio
Spot accounts are the foundation of your portfolio. They are the accounts where you hold your cryptocurrencies and make spot trades. To start building your portfolio, you can open a spot account with an exchange and deposit a certain amount of money, such as $1,000. The goal of spot accounts is to generate consistent profits and grow your initial investment.
Margin Accounts: Leveraging Your Profits
Margin accounts allow you to trade with borrowed funds, also known as leverage. By using leverage, you can amplify your profits and take advantage of market movements. When you make profits in your spot account, a portion of those profits can be transferred to your margin account to increase your trading power. This allows you to take larger positions and potentially make even greater profits.
Leverage Accounts: Maximizing Your Trading Potential
Leverage accounts are similar to margin accounts, but they offer even higher leverage ratios. With a leverage account, you can trade with significantly more funds than you actually have, multiplying your potential profits. As with margin accounts, a portion of your profits from spot trading can be transferred to your leverage account to increase your trading power.
The Splitting System: Fueling Your Businesses
To ensure the growth and sustainability of your businesses, it’s important to implement a splitting system. This system allows you to allocate your profits to different areas of your portfolio, ensuring that each business receives the necessary funding to thrive. Here’s how the splitting system works:
1. Spot Account: 60% of profits stay in the spot account to compound and grow your initial investment.
2. Margin Account: 25% of profits go to the margin account, which serves as a backup fund for your spot account and allows you to take advantage of leverage trading opportunities.
3. Leverage Account: 15% of profits go to the leverage account, which provides additional trading power and the potential for higher returns.
By implementing this splitting system, you create an ecosystem that fuels the growth of your businesses and ensures that each business has the necessary resources to succeed.
The Power of Trading Pairs
In addition to the splitting system, another powerful strategy is trading pairs. Instead of focusing solely on the dollar value of your investments, you can trade one cryptocurrency for another to maximize your profits. For example, you can trade Ethereum for Bitcoin or vice versa, depending on which currency is expected to outperform the other. By trading pairs, you can increase your holdings of the currency you want to build, whether it’s Bitcoin or Ethereum.
To trade pairs, you can use the pairing options available on cryptocurrency exchanges. These pairing options allow you to trade one cryptocurrency for another without having to convert to dollars. By focusing on trading pairs, you remove the dollar from your trading mindset and shift your focus to building your desired currency.
Conclusion
In conclusion, removing the dollar from your trading mindset and implementing a splitting system can make a huge difference in your crypto trading journey. By focusing on building profitable businesses, trading pairs, and allocating profits to different areas of your portfolio, you can achieve long-term success and financial freedom. Remember, it’s not just about making dollars, but about building real value and wealth. So, start thinking differently, remove the dollar from your brain, and watch your businesses thrive.
Frequently Asked Questions (FAQs)
1. What is the splitting system in crypto trading?
The splitting system is a strategy that allows you to allocate your profits to different areas of your portfolio. It involves dividing your profits between spot accounts, margin accounts, and leverage accounts to fuel the growth of your businesses.
2. How does trading pairs work in crypto trading?
Trading pairs involves trading one cryptocurrency for another without converting to dollars. By focusing on trading pairs, you can increase your holdings of the currency you want to build, such as Bitcoin or Ethereum.
3. How can I implement a splitting system in my crypto trading?
To implement a splitting system, you need to allocate a percentage of your profits to each area of your portfolio. For example, you can allocate 60% of profits to your spot account, 25% to your margin account, and 15% to your leverage account. This ensures that each business receives the necessary funding to thrive.
4. Can I trade pairs on any cryptocurrency exchange?
Yes, most cryptocurrency exchanges offer pairing options that allow you to trade one cryptocurrency for another. You can choose the pairing options that suit your trading strategy and goals.
5. How often should I review and adjust my splitting system?
It’s important to regularly review and adjust your splitting system based on your trading performance and market conditions. You can choose to review and adjust your system monthly or quarterly, depending on your trading frequency and goals.
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We welcome u too Sheldon
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Sheldon 😍
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