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9 Rules of Crypto Trading That Helped One Trader Go from $1k to $46k in Less Than a Year

Traders Magazine Online News, June 21, 2018

Ken Li

No, the successful trader is not me. Iíve gotten lucky a few times and Iím still refining and trying out strategies; on the other hand, Iím part of communities of people who trade on a daily basis to grow their portfolios, and while some of the results can be attributed to luck, a majority of it is based on fundamentals, good habits, and experience.

One of those groups Iíve joined recently is Pure Investments, where I met Miles. Pure Investments is a Discord channel where people interested in trading come to chat about cryptocurrency, market trends, the latest news, and other off-topic interests. Iíve been part of their community since late 2017, and have learned a lot from not just the analysts on the team, but also from the community as a whole.

Please note that Pure Investments, nor any other groups I participate in or actively contribute to, are not pump-and-dump groups, they are legitimate communities of cryptocurrency enthusiasts and traders. I WOULD NEVER join or give any pump-and-dump groups the time of day, nor would I ever recommend standing within 50 meters of one unless you like the smell of your own burning flesh. The reasons why are numerous and off-topic. You can DM me on Twitter or comment below if you want more detail.

The Result of Good Habits

Miles is the co-founder of Pure Investments. In May 2017, he started off by playing with $1,000, which he accumulated through saving 10% of his paychecks for a while. Today, he is at $46,000; i.e., he grew his portfolio by 46x in less than a year.

Similarly, after starting Pure Investments back in September 2017, Miles got one of his first community members, who goes by the pseudonym SP on the Discord channel. When SP started, he put in $40,000. By January 2018, he had over $1 million (today itís ~$800k due to the recent Bitcoin crash).

While markets like cryptocurrency are extremely volatile and all investors are subject to its price fluctuation including Miles, SP, myself, and you, good habits will help mitigate the losses and maximize profits.

Nine Rules of Crypto Trading

Please note that none of this is investment advice. Invest at your own risk!

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