AI Summary
This video explains a simple strategy for making money trading Bitcoin on Binance by buying low and selling high using limit orders. The creator shares a personal example of earning $128 profit in one day and emphasizes the importance of dollar-cost averaging and not going all in.
Chapters
Buy low, sell high to make profit. The creator suggests picking Bitcoin as a safer option.
Bitcoin dropped from $21k to $16k (25% in two days) due to the FTX issue.
Set multiple limit buy orders at different price levels (e.g., $19k, $18k, $17k, $16k, $15k) with $1,000 each. Sell each batch when price rises $1,000.
Bought 0.064 BTC at $16,000 for $1,025 on Nov 9. Sold at $18,000 for $1,153, net profit $128.
Only trade coins you believe in long-term. Don't sell investments bought at higher prices; wait for recovery.
Don't invest all at once. Spread capital across multiple price levels to buy dips.
Advanced traders can wait for oversold conditions to buy at the bottom. Beginners can use limit orders.
Write down purchase price and time to know when to sell for profit. Avoid buying high and selling low.
The video presents a straightforward limit order strategy for trading Bitcoin on Binance, emphasizing dollar-cost averaging and long-term belief in the asset. The creator claims to have made $128 profit in one day using this method.
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70% Legit"The title promises making money trading Binance spot, and the video delivers a basic strategy with a profit example, though it's not a guaranteed method."
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Tutorial Checklist
Study Flashcards (7)
What is the basic principle of trading according to the video?
easy
Click to reveal answer
What is the basic principle of trading according to the video?
Buy low, sell high to make profit.
00:27
How much did Bitcoin drop in two days due to the FTX issue?
medium
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How much did Bitcoin drop in two days due to the FTX issue?
From $21k to $16k, a 25% drop.
00:42
What is the strategy for setting limit buy orders?
medium
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What is the strategy for setting limit buy orders?
Set multiple limit buy orders at different price levels (e.g., $19k, $18k, $17k, $16k, $15k) with equal amounts (e.g., $1,000 each).
01:10
What was the net profit from the example trade?
medium
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What was the net profit from the example trade?
$128 profit (bought at $16k for $1,025, sold at $18k for $1,153).
04:15
What two pieces of advice does the creator give for trading?
easy
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What two pieces of advice does the creator give for trading?
Only trade coins you believe in long-term and don't go all in.
08:22
What is dollar-cost averaging according to the video?
medium
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What is dollar-cost averaging according to the video?
Spreading capital across multiple price levels to buy dips, not investing all at once.
05:26
Why is it important to write down purchase price and time?
easy
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Why is it important to write down purchase price and time?
To know when to sell for profit and avoid buying high and selling low.
07:06
💡 Key Takeaways
Buy Low, Sell High
Core trading principle explained simply.
00:27Limit Order Ladder Strategy
Practical technique for buying dips with multiple orders.
01:10Proof of $128 Profit
Real trade example demonstrating the strategy.
03:27Dollar-Cost Averaging
Key risk management principle for volatile assets.
05:26Full Transcript
[00:00] hey guys today I'm going to show you how you can make money trading binance support all right so to make money on buying sport is very easy guys all you have to do is go to trade and then you can
[00:12] buy coins I would suggest you to pick Bitcoin which is much safer now here's I make 128 dollar profit guys so what I did yesterday was that I put a
[00:27] net okay so here's how I do it I bought Bitcoin at low price and sell it at a high price that's how trading Works in a nutshell you buy low you sell high and that's how you make profit So Yesterday Bitcoin was crashing a few
[00:42] days ago because of you know the ftt issue and FTX you can see Bitcoin just went down like crazy from literally 21k to like 16k you can see here it went
[00:57] down by 25 in two days which is crazy guys so what I did is that I said buy order okay a limit by order I told binance
[01:10] that I want to buy Bitcoin and maybe if it dropped to 19k you can see here 19k I will set a buy order so so let's say I have 5 000 cash I will
[01:25] put 1000 each per 1000 drop okay let's say I have five thousand dollar cash I will set a limit buy order and 19k 18K 17K 16k and 15K in case it dropped to
[01:39] 15K so if Bitcoin dropped to 15K if it dropped right here and I buy everything one thousand dollar one thousand dollar one thousand dollar if it goes up let's say if you go up to 16k
[01:54] I will sell the one thousand dollar that I bought at 15K okay if it goes out again to 70k I will sell my my 1K that I bought at 16k I will sell it okay at 17K and on and on and on
[02:09] so this is how you can you know trade and make money quickly with trading Bitcoin and that what I did so I will show you here you can actually set in it here you can see limit
[02:26] okay you can certainly meet Market Market is the price right now so you can execute the bike immediately but if you set limit or you can set the price maybe I want to buy Bitcoin at 15K let's say I put 15 000
[02:43] then the amount so the amount here is usdt I'll put one thousand and I'll press on buy BTC so you can see we have an open order if we hit that 15 000
[02:59] dollar if let's say Bitcoin maybe someday dropped to 15K uh this limit order will be triggered and then I will have one thousand dollar Bitcoin
[03:12] okay at 15K so if you go up to 16k I will sell it all right what if we go down well you just have to wait for the next you know bull market so that's the strategy guys and I will show
[03:27] you the proof uh here's the order history you can see here in November 9th I bought 0.064 of Bitcoin at 16 000 okay at bitcoin price 16 000. you can see I
[03:44] bought one thousand twenty five dollars so write down somewhere so one zero two five okay so I bought Bitcoin with 10.25
[03:59] and then when it goes up to eighteen thousand you can see right there at the top I sell it okay you can see this is limit cell you can also limit sell it you can see I sell it for one one five three so
[04:15] what's my profit one one five three okay I sell it at 1153 then minus zero to five so I make a net profit of 128
[04:31] all right so that's how easy it is for you to make profit trading Bitcoin only trade coin that you personally believe in guys for the long term if you
[04:44] let's say if you really believe in Bitcoin and you want to invest it long term there is nothing to lose right if even let's say you know I even bought
[04:56] Bitcoin at 18K and 19k so the price right now is at 17K my 18K and 19k I don't sell it okay the investment that I put in this at the top
[05:10] I don't sell it I just wait when Bitcoin go up so the moral of the story here don't waste your money at the top okay don't just invest all in have some money to do dollar cost
[05:26] averaging okay to buy at the bottom as well even right now I still have cash to let's say it'd be going dropped to 10K I can still have money to buy loan you know that I can sell high so if let's say you have only one thousand dollars
[05:42] put 200 here 200 here 200 200 200 so you don't lose your ammunition guys you know it's like going to war you don't waste your
[05:57] ammunition on enemy in one enemy right you gotta prepare some animation for other enemies so that's my whole strategy to uh to buy low and sell hi guys okay if you can read the chart it's it's even
[06:14] better you know you can wait until the chat is like very oversold and then you can buy at the bottom that's even better you can if you can read the chat but for
[06:27] most beginners they don't even know how to read a child so I'm going to show you how to kind of limit cell here you can go to trade again you can select the coin right there the Market
[06:39] and then if you want to set a limit cell you can click here sell and then you can set a limit cell Maybe I'll show you an example
[06:51] maybe 20 23k right and then you can up and then the amount of Bitcoin that you want to sell
[07:06] if you don't have Bitcoin yet obviously you cannot sell make sure you have Bitcoin and then you must write down guys okay here's the tips you must write down uh when you buy your Bitcoin and also what's your
[07:21] price when you buy it when you bought it what's the price okay so that you know what price that you can make profit don't buy high and sell low you will lose money so make sure you write down uh the time you buy it and the price
[07:37] that you you bought it okay so I don't know maybe I will sell like 0.1 for example I'm going to show you an example here and then press on Cell BTC so you will see they will have another open order
[07:52] and this is called limit cell so that's basically how it works so easy on cancel here and it will be canceled
[08:06] and right now binders have zero trading fees on BTC pair which is awesome and yeah that's how I make 128 dollar profit in just one day guys okay again
[08:22] I'll make sure the coin that you want to invest is the coin that you want to hold long term and also don't go all in those are two pieces of advice that I can give although this is not Financial advice guys I'm just sharing what I'm doing and
[08:37] hopefully this can help you a little bit if you like this video make sure to like it and subscribe if you are a little bit Advanced you can watch my other videos how to use mod to trade on binance futures