Week 2 Spot Trading Strategy

So last week I decided to jump on the inleo bandwagon and support a great platform. I never know what to write about finance so I decided to do an experiment of spot trading from $20 to see how much I would make. I was always quite good at spot trading because I am patient and stubborn. Slowly slowly catchy monkey is my motto and in crypto what generally happens in trending markets is that if the price goes down, it goes back up again soon after which is time to profit or get out of a trade. All the other strategies such as options trading , margin trading , and futures were losing me money so I decided enough was enough. I put a DO NOT ENTER sign in my Futures wallet and decided to jump on the more relaxed form of trading which was spot. After showing all my trades since August in part 1 I had made it up from €20 initial investment to the dizzy heights of $290 USTD. The €20 to €100 was a wily old battle of trials and errors but I finally his the $100 mark. Yes I could have put more principal in to give me a fighting chance but I promised myself I was only going to put in $20 into it so when I do make it I can boast to everybody that I started with nothing.

https://www.tradingview.com/x/Xml0k9dX ALT/USDT

With €290 in the coffers last week I started using a strategy of dividing this capital by 3. So if one loser token went south , the other 2 would go north and I could absorb the bad one into an overall profit. This had been working well for me until all three coins went south so the plan went out the window and I was back down at the $240 beating badly and demotivated. Over the years I have always struggled to get past the $300 mark. It's like a football team not winning a cup. It gets ingrained in your mind and this affects your strategy. I was never going to get over it.
But at this stage in my spot career I began noticing that it is all about the airdropping tokens now. TIA for example that airdropped MANTA. ALT coin is another one. All these moe foes were flying it as soon as the were launched. I tell you a little lie here. They flew after the initial sell off. So my strategy was to buy in at launch to whatever I could get in at. Normally this does not work but over the last week it has. When volume starts waning sell. Then wait for the sell off which always happens. When we are back down then buy again.
So I did this on MANTA and ALT this week and last week and my profits soared. Now I think these tokens will drop a bit again but the 4 hour candles are on a specific upward trade line which is not breaking yet so I am not sure how far these tokens can go to. Not only have these trades got me to $300 this week but they have got me to $400 and my profits are finally starting to look decent. $20 profits are coming into play now. MANTA on the 22nd Jan and Alt on the 28th Jan were trades over $25 profits.

So I am current waiting on Sleepless AI to start pumping. I am in early here and the graph looks good so its a waiting game and the token has been threatening to pump for 2 days now and still has not. An old timer is my next trade. IOTA. This token brings me back as it was my first ever big win alt in crypto when it rocketed from less than a half a cent to 7 cent in 2017 and I made a mint. So it is back again now threatening a pump again. And my last trade I am currently on is RLC which is a little gem of mine riding the peak and trough wave and bringing me in decent profits. For some reason I was on NMR and wasn't quite happy with how it was trading so I went back to safe waters with RLC. Wait until you see and mark my words. NMR will moon today after I sold. But those are the breaks. I try not to have any penchant for any specific tokens but MANTA, ALT , TIA and RLC are after looking after me so far but when I sell up , I tend not to go back to a token until the next day.

So there we have it. Just about at the $400. Onwards and upwards. Slowly making it to the first big milestone of $500. See you all next week Leo friends.