Crocodile hunting strategy

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2021-06-24 04:52:02

As someone who has quite a bit of experience in both loss and profit in investing in trading coins, CHK shares it again for those of you who are just starting out who do not understand trading coins, or have been trading for a long time but are still losing money. . With Trade Coin experience, we will show you how to use the Predator Alligator Strategy to trade.

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What is the predatory alligator strategy in trading coin?

The predatory crocodile strategy is:

  • A practice variation of the strategy using USDT as the unit of conversion.
  • If you have mastered the use of BTC as a conversion unit, you can always apply it.
  • The essence of this strategy is to thoroughly research the coin before making a buying decision.
  • The decision to buy a coin should be based on the facts of the coin: technology, functionality, large market cap, large daily trading volume, and price history.

Steps to take

Step 1 – Buy USDT via Remitano.

  • Let’s say you have successfully purchased and 1000 USDT in your Binance exchange wallet.
  • If you do not know how to use VND to buy USDT, please read the tutorial again.

Step 2 – Watch and wait.

Why did CHK separate ‘watch and wait’ into a separate step? Because to trade successfully, you need time to research carefully before making a decision. The choice of coin should be based on actual grounds.

Some practical bases you can use to narrow the buy zone:

  • Carefully study the coin: is the coin at the top or not, is it a foundation coin itself, is it a junk coin?
  • Large market capitalization
  • Large daily trading volume
  • Price history

Example: You already have 1000 USDT in your wallet, and plan to use it to trade NEO.

You base on the fact that the price history of NEO to decide the right time to buy:

Its peak is $185. In a recent week, the price was only around $100 – $130. Thus, you should place an order to buy NEO at 100 USDT. The lower the price, the safer the investment, and the more advantageous it is to place an order in the expected sell zone.

Step 3 – Conduct the transaction to buy coins.

  • When you see the right time, use 1000 USDT in your account wallet to buy your favorite coin on Binance.com

Let’s say you bring this 1000 USDT to buy NEO. Each NEO coin costs $100. So, you now have 10 NEO coins in your account wallet.

Step 4 – Conduct the transaction to sell the coin.

When you see the right time to sell, you make a decision and proceed to sell the coin you bought on Binance.com

  • The right time to sell is the time when you reach the expected profit.
  • Example: If you expect a 10% profit, you will place an order to sell NEO at $110 and earn 1100 USDT.

This is where you see the USDT increase. You have successfully traded.

Step 5 – Take Profit on USDT.

  • If you want to trade again, leave USDT in your account wallet.
  • If you want to stop trading, withdraw money to VND, then sell USTD on Remitano or to friends.

Note: Binance withdrawal fee is 9.6 USDT, minimum amount is 100 USDT.

In summary, this whole article CHK just wants to emphasize to you the following things:

  • Using USDT as a unit of conversion is very important, to see how much profit or loss is.
  • The decision to buy coins must be based on factual grounds.
  • There are many reputable exchanges that support coin pairs using USDT. For example: Huobi.pro, Kucoin.com.
  • This strategy should be successfully applied about 10 times before applying the strategy of using BTC as a unit of conversion.

Conclude

CHK has just shared with you how to use the predatory alligator strategy in a series of articles on Trade Coin experience. Hope this article has brought you useful information. If you have any questions, please leave us a message.

WARNING: Investing in financial products carries a lot of risk that may not be suitable for some investors. Therefore, please consider carefully and control yourself before making any decisions made up of the contents of this website. Also you can JOIN our DISCUSSION GROUP to discuss more about what you are interested in.

#Crocodile #hunting #strategy

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