EDITED IN CANVA
Hello everyone. How are you doing, and how is your life going? I hope you are all well and enjoying your lives with your loved ones. This is the third post in which I discuss the strategy grid's mechanism, benefits, and other features. Today I'm back with another post to discuss some additional features of Spot Grid Trading and how you can earn a good passive income using this technique. As we all know, BTC has been steadily declining over the last six months, which is a very concerning situation.
Many people are struggling after their investment; some are unsure whether to invest intraday or with cash. However, I believe that now is the best time to begin grid trading, which will allow you to earn while the bot handles your trades automatically. One advantage of grid trading is that your trade executes at all points and you receive all single and minor profits. The bot executes your trade while you simply observe what is going on in the market. One of the best features of grid strategy is the elimination of the need to manage your trade.
Another feature that Binance has implemented for its users is the addition of a time period in the auto grid trade. You have three time period options: 7D, 30D, and 180D. After selecting a time period, you will be limited to that time frame, and when your time period expires, all of your trades will be automatically closed. It is a very useful feature where you can guess the market and set your time frame accordingly. Similarly, if you find some bad news and want to continue your grid trade, you select the 7D option and your trade is closed after that time period.
Another useful feature is that it displays all of the details of your trade, as shown in the image. My trade is still active, and I have a profit percentage of 2.72% after only 10 days and 9 hours. This is one of the best APRs I've obtained through this grid trade strategy. I simply chose the lower range of 0.3 to 0.64 (HIVE), and the bot automatically buys and sells for me, earning me a profit. I chose HIVE because it has more spikes and I make a good profit after each spike.
The other feature is the detail of your trade, such as the timing and duration of your trade, as well as the profit or loss percentage. As you can see in the image, I made my trade on August 17, 2022, at 05:37 PM. Another three options are to edit our trade during the grid strategy, which allows you to change your profit taking and set your stoploss. You can close your trade at any time by clicking the close button, and all of your assets will be converted to USDT. You can also share your trade on any social media platform that displays the Annual Yield.
These are the best features of the Spot Grid Strategy provided by Binance. This is a kind of passive income and specially for those who dont have time to manage their trades by just creating to auto grid trade and earn regular income. Its my effort to bring forwards features of grid trading and help other users to earn money. I wish you people have learnt alot about this strategy and let me know if you are interested with. If the post is informative and helpful then dont forget to reblog which will help reach my post to many other users.
