Believe me if your strategy is better in any investment plan or trading style and you make your plan carefully after thinking properly then that trade will never give you a loss because you have come with a proper plan, strategy and risk management. So, here the risk of loss becomes very low.
Especially this content is for my friends who are interested in trading or who make investments from which they keep getting good profit gains in the short term so you must read it until the end.
The market has become bearish these days and Bitcoin is moving towards its correction, which is taking all the crypto coins including metals, down with it.
If I talk about silver my investment there is still continuing. If we look at its all-time high price it was at $120 and now it is around $59 which has gone down by almost 50 percent. And according to the small time frame it is still available at a very discounted price.
1ST LAYER INVESTED DIRECTLY
So, what is my strategy? I have brought two layers into the investment at this time. I want to make a total investment of four layers and I do not have any long term planning here. I want to exit this investment by doing buy and sell swing trades. my per layer amount is $500.
My first investment was at $61 where it was acting as a strong support. I thought that if I invest there then there is a huge bounce expected, $63.5 will be the next target which will give me an easy 3–4 percent profit.
And in my next plan I have decided that I will trigger a futures grid bot strategy. As soon as it starts making a few candles at the next support meaning when it enters the consolidation phase I will run a futures grid from there. This means I will run the second layer, which is my second $500.
What will happen from this is that my first direct $500 investment will be excellent for giving me direct profit.
Now if from here the market converts into an extreme bearish market then the futures grid that I have set from the price level of $59.5 up to $53—what will this bot continuously do?
It will keep buying for me in small layers and as the market continues moving upward, it will keep selling it. This means it is a type of automated system and it will keep generating income for me which will allow my loss from the first layer to gradually recover from here.
FUTURE BOT GRID STARTED
Now in this case, understand that if its price touches $53 what will I do? I will close this grid and hold it and from my third layer which is another $500 third layer, I will run another grid. And this time the range will be from $53 to $50 because $50 is a very strong support and there is a very good chance of a comeback from there.
And my fourth layer will be at the time when it enters an extreme bearish zone which has a very low chance. If it falls below $50 as well then I will set a new range level for it at $45–$50.
If I calculate the overall average my average price will be around $52. This means my $2,000 investment will be buying at $52 so with only an 8–10 percent recovery, my price will come back to break-even.
This is only in an extreme bad case. Otherwise at very strong support levels, my effort will be to keep exiting from here.
So I have recently set up a futures grid. If the price goes upward, my first layer will keep giving me profit and if the price falls downward my DCA layer investment will start (Win win situation). At the same time, the grid profit generated by the grid bot trading will also keep coming to me which is a source of passive income.
If you also adopt this kind of strategy then surely you will get profit from this market, even though a very bearish market is going on at this time.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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