Crypto assets

[AndreasMccann]

I’m new here on the forum and just stumbled across this discussion, and wow, you’ve raised some strong points. The idea of mandatory medical NS is interesting, but I wonder if it would really help fix the deeper issues, like how undervalued and overworked nurses are. It seems like a Band-Aid on a broken system, you know?

[Tellugodu]

Since yesterday, I’ve started trading Bitcoin with an initial amount of $1,000. My strategy is straightforward: I place a limit order to buy $1,000 worth of Bitcoin if its price drops by 1%. Once the order is executed, I immediately place a sell order at a 1% higher price, aiming for a 1% profit per successful trade. As I grow more comfortable with the process, I plan to gradually increase the amount I invest. Do you see any cons in doing this? 
Note: I don’t incur any brokerage fees since I work for a crypto exchange and it’s a benefit they offer. CC : @Naaperushiva @csrcsr @Konebhar6

[Bendapudi_english]

4 minutes ago, Tellugodu said:

Since yesterday, I’ve started trading Bitcoin with an initial amount of $1,000. My strategy is straightforward: I place a limit order to buy $1,000 worth of Bitcoin if its price drops by 1%. Once the order is executed, I immediately place a sell order at a 1% higher price, aiming for a 1% profit per successful trade. As I grow more comfortable with the process, I plan to gradually increase the amount I invest. Do you see any cons in doing this? 
Note: I don’t incur any brokerage fees since I work for a crypto exchange and it’s a benefit they offer. CC : @Naaperushiva @csrcsr @Konebhar6

Once buy chesinaka if it goes 5% down what will you do anna, are you putting 100% of account or just a percentage 

[Tellugodu]

Just now, Bendapudi_english said:

Once buy order petinaka if it goes 5% down what will you do anna, are you putting 100% of account or just a percentage 

If the price drops 5% after the buy order is executed, I will Hold and wait for the price to recover. In crypto because of its volatility, I think it does not take much time to get to the price point I purchased. As for the capital allocation, I’m not putting 100% of my account into a single trade. I’m starting with a fixed amount ($1,000) and will scale up gradually as I feel more confident. That’s the reason I only keep 1k into this trading account.