Do you trade $BTC or participate in a trading tournament but unsure about your strategy? Every trader is searching for the formula for victory - some focus on stability, while others embrace volatility. But which approaches are proving most effective?
💡 Let’s break it down using a real-world example - the International Crypto Trading Cup by WhiteBIT. This large-scale, live-streamed competition brings together top traders from around the world to showcase their skills in a high-stakes global challenge.
After speaking with other traders, we concluded that one of the most effective strategies is scalping – making short-term trades by capitalizing on small price fluctuations.🤔 The main advantage of scalping is the quick accumulation of P&L through frequent trades.🔥 By using this approach, trading #MemeCoins, I increased my P&L to 75.94%.
📍 However, despite these strong returns, I haven’t reached the top positions yet because trade volume also plays a critical role in the rankings. The current leader, sub_ictc25_craven_ripple #0118, has a 42.68% P&L but a much higher trade volume of $35073.04, giving him a significant advantage.
‼️ The qualifier for the International Crypto Trading Cup ends on April 7, so there’s still plenty of time to secure a spot in the top rankings.
Using leverage is an effective way to accumulate large trading volumes, even with limited capital. However, it's important to manage risks, as large positions can lead to significant losses if the market moves against you.
✅ After analyzing my experience and observing the leaders of the tournament, as well as considering the general principles of effective trading, I can conclude that the formula for victory looks like this:
Scalping + High-Volatility Coins + Use of Leverage + Risk Management.
☝️ It’s important to always conduct your own research!
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