Hi all, long time follower and creeper, first post!
I used to be a pure HODLer, but after going from $37,000 worth of ICX to a now meager $22,000ish (aprox). I thought I needed to lock in my gains next time these moves go parabolic again. That said… I was inspired by a few posts here, where someone was talking about trying for a 1% trade a day.
So I looked at a compound interest calculator and put in $10,000… So at 1% daily interest I’d be a millionaire in under 600 days or something… So I got to thinking… If I make 1.5% on every swing trade… (.5% to cover the transaction fee) Wouldnt each swing constitute a day? Meaning… it would take me 600 trades to be a millionaire, not counting interest from natural growth of holdings… Math people… am I missing something??? Please lemme know if I am…
Percentages are cut off, but lowest swing is like 1.2% amd Highest is 5.56%
Anyways, here’s 9 trades for today… took 4 hours. (This was mostly ICX, IOTA, BNB and Ripple).
Thanks for reading!