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How to make $99,000+ Per Year Trading Crypto with FREE Tools
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*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*
Strategy overview:
The basic strategy is to compound leveraged profits to grow your overall pot to $50,000.
This means risking 1% of your pot to gain 2% on each trade. Growing your account as you accumulate wins.
From there, you can then risk 1% of 50,000 to gain 2%. Which would be $500 to gain $1000. This means you only have to do a few successful trades per week to hit your $99,000 per year target.
To find these trades you want to trade a large-cap asset like Bitcoin, as its price will be more resilient, and you want to use a Bollinger Band strategy.
This is where you use three indicators:
#1 - Bollinger Band
#2 - 500 EMA
#3 - Money Flow Index
These indicators will help you find short or long trades. Shorts are when the price is below the EMA. Longs are for when the price is above it.
Shorts rules:
- Prepare to enter a trade when the price gets outside of the Bollinger bands
- When the price escapes the top and closes back inside the Bollinger band, prepare to enter your short
- When the price enters back inside the Bollinger band, this is where you want to enter a short
- Make sure the MFI is overbought first
- Prepare to exit when the price reaches the center moving average
- Put your stop loss above the most recent high
Long rules:
- Prepare to enter a trade when the price gets outside of the Bollinger bands
- When price escapes the bottom and closes back inside the Bollinger band, prepare to enter your long
- When the price enters back inside the Bollinger band, this is where you want to enter a long
- Make sure the MFI is oversold first
- Prepare to exit when the price reaches the center moving average
- Put your stop loss above the most recent low
Once you have a trade that meets your rules put it through on an exchange of your choice!
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