An intelligent and smart Hive user is one who understands different kinds of strategies, adopts them and acts on them. Simply identifying yourself as a content writer or just a Hive investor is not enough.
We are living in a time where inflation is at its peak and unemployment is rising everywhere. If we look at global statistics unemployment is increasing worldwide which is clearly an alarming situation.
In such conditions a good investor or an active online user who wants to earn should think about different strategies, keep an eye on various markets and try to diversify their investments. They should use techniques and methods that minimize losses while maximizing profits. The time you spend online should not be wasted and this is the sign of a smart user.
Today I will discuss a strategy that is working for me and you might get interested. It is a very simple and effective strategy. Before explaining it I think its important to discuss its key points
Now gold and silver trading has recently been listed on Binance and we are seeing a massive trading volume around 1 billion which shows increasing interest in metal trading.
The strategy is very simple. You need to trade these two metals using a hedge mindset.
Before that its important to understand that you will need 10 accounts for this strategy. This may sound difficult but its actually manageable and I am doing this.
On Binance you can create one main account and up to 5 subaccounts (total 6 accounts).
For the remaining accounts you can take help from a trusted friend or family member to create 4 more. This way you will have a total of 10 accounts. Thats the main part of this strategy.
You will deposit equal amounts into each account. For example
If you have $1000 total each account will have $100.
You only need to determine whether the market is bullish or bearish that help you to open your trade.
If the market is bullish
Use 40% of the amount to long silver
Use 60% to short gold
Then wait. The price interaction between gold and silver will eventually balance out and generate profit.
Lets say,
If you earn 1% profit on $100 that is $1
As soon as you gain $1–$2 profit close the trade
If instead you face a $2 loss, what to do?
Move to the second account and repeat the same strategy
If needed, continue to the third, fourth, and further layers
Do not worry about increasing losses because gold and silver are correlated assets. Their prices generally move together although sometimes one moves faster than the other creating a temporary spread of around 4-5%.
Since you have 10 layers (accounts), you can keep entering positions at different levels and benefit from these spreads.
When the spread starts to close..
If silver caused losses earlier its recovery combined with golds movement will generate strong profits
This can result in a significant overall gain
I personally tested this strategy for one month and earned around 10%–12% profit.
The price movement of the metals are not dependent on Bitcoin. Whether Bitcoin pumps or dumps it does not directly affect metals. Gold and silver are independent and considered safer assets.
If you understand this strategy you can benefit greatly.
If you don’t understand any part feel free to ask. I will clear your confusion.
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.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
