I published a post last month talking about my plan to throw $20 into a spot trading account to see how I would get on. I had a couple of rules for myself starting off.
- Not to become partial to a token.
- Do not go near Futures.
I love a good short sell but rule 2 made me promise that I would not go near this method. With the markets ranging in 2022, I had a good bit of success starting the end of July , I managed to claw through the dirt of the first $100 and end 2023 with $149 profit. I proceeded into January hoping to keep going on my journey to my first goal of $250. My profit from January was $120 which was nearly all I had made during the 6 months before this. So by end of January I had $260 in the pot going into February. However right at the end of January into February things were looking a little bit bearish. I started off February really bad , buying $MANTA , $JUP , $SLP and $JASMY and lost $20. I also started looking at staking these new airdrop coins for future airdrops, a strategy that many crypto enthusiasts were making a lot of money on. Stakers of $TIA received $MANTA and $DYM , two coins that mooned straight after release so people were getting free money. I decided to take $100 to stake $TIA and $DYM in one of my wallets which left me back at around $160 for trading. I kind of said to myself, shit ain't happening at the moment so put the funds made to work elsewhere. Things started picking up again mid February and I made it my mission to get back that $100 that I put into $TIA and $DYM. Two or three coins were becoming my favourites to trade with their volatility but also the fact that they were solid projects and the trajectory was good in the 4h technical analysis. $JASMY , $DYM became go to coins to ride the bullish wave however I got done a couple of times when I purchased Siacoin after it dumped. I was expecting it to go up after the dump of 25% but it dumped another 25% which the whole crypto community got caught out with. I waited for a while to see if it would recover but there were other tokens that were flying that I decided to jump on the back of. Memecoins. PEPE and MEME were flying it so I jumped on the back of PEPE to rescue February. I made $15 on the last day of February to make sure I broke even for the month (excluding the withdrawal). So I head into March after having a slow January and February. Bitcoin is going for its ATH and after it reaches this then Alts will follow suit and this is where we make that other step up and reach the $500 hopefully. The opening days in March have been very profitable and I have hit my $400 cum already so I hope by the end of March I have broken the $500 profit. In these type of markets patience is the key. If you have a dip then there is a good chance it will come back up again so I just hold for a few days to see how it reacts. I have not really traded with funding rates in February which is a mistake for me so I must go back to this. Also I would never buy MEME coins when they are pumping. I wait for the dump and ride the wave again but this is risky business and I feel I will get stung soon. The coin of the month for me is $JASMY . It's the Japanese cryptocurrency and its only 2 cent to buy. This has been going up and down in a wave since last month so I am riding this all the way up and making good gains off them.
Source
Two Hot Tips
A friend of mine who would be into finding gems gave me $QUBIC and $OSAK to buy. Qubic is the brain child of IOTA founders going in a new direction. $OSAK is a memecoin with a mad community. So mad that he thinks it could be the next $PEPE. Also seeing the $PEPE is mooning , the original PEPE is $PEPESOL and people are thinking that this will moon as well. Kind of like ETH Classic but with shitcoins. Any way I am over 500% profit in $QUBIC already so it worked out well here.
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