Series: Trading Crypto for a Simple 1 Percent Gain (Rinse and Repeat)
Take 100.00 and gain 1 percent over and over again.
I am going to have some fun. I am going to try (keyword) to gain 1 percent over and over again (including losses). Let’s trade Solana (SOL) and I will try to turn 100.00 into 150.00 and then try other coins all in the name of fun.
The goal is to have fun and not stress so I will use Robinhood Crypto. Remember I only risk what I can afford to lose.
I sent 105.00 USD to Robinhood.
The Tools and the Rules
Use Robinhood Crypto
Use Koinly.io as my tax app.
Rinse and Repeat.
No Shorting
No timelines
Profit taking 1% every time.
Let’s Do this…..
I like the entry point (4 hour chart).
A little bit of a dip. Let’s buy.
Let’s now add to my tax software Koinly.
And now let’s set up a sale at 1%. A 1% gain is roughly $24.66. I will set up the sell order. Let’s see how long it takes to make 1%. Remember if I can make 1% of $100.00, I can make 1% of 10,000.00 (Yikes).
Stay Tuned!
The 1% Club
Update: 4.18.23.
I earned my first 1%. Let’s track our trade using Koinly.io.
Here is a link to save some money if you are interested in Koinly. You can also read a review below.
Here is what my transaction now looks like in Koinly.
Let’s now track in a table below. We will call it the 1% Club.