How To Grow $100 To $10,000 Trading Crypto In 2023 | 100x Strategy

so we've all heard the saying it takes money to make money but the beautiful part about cryptocurrency trading is that you really don't need that much Capital at all to be able to grow a small account and create a massive income machine for yourself if you know how to do it properly so today in this video I'm going to use my seven years experience as a full-time day trader and I'm going to show you exactly how I would take a hundred dollar account and grow it into a ten thousand dollar account okay I'm going to show you how to get access to Capital I'm going to show you the exact strategy that I would use to safely grow your account okay I'm going to show you a system that you can start using today to actually take these trades and I'm going to show you case studies of the trades that I take with my core team of traders to be able to make three to five thousand dollars per week trade in cryptocurrency so if that sounds good to you and that's your goal make sure you hit the like button on this video subscribe to the channel if you like trading and investing check us out on Discord and on Instagram okay we have a whole amazing trading community so the biggest barrier to entry for most people starting their trading journey is the amount of money that they have in their account okay so I'm to show you right now how you can take a hundred dollar account and be able to use ten thousand dollars worth of capital to safely take these trades I'm partnered up with buy bitbive it's probably the best cryptocurrency trading exchange out there that's why we partnered with them okay they offer us up to 125 x leverage on some pairs you can see right here on certain pairs we only go up to about 50. this is probably the single most important thing to understand when you're getting into trading without this you're going to lose money I promise you so just make sure you pay attention to this part right here okay so for example with my trades I'm risking 500 per trade in attempts to make anywhere from fifteen hundred to two thousand dollars per trade but say we're working with a hundred dollar account okay that means at ten percent we're risking ten dollars per trade but now we need to figure out how many coins we need to buy in order to only risk ten dollars okay so leaving systems aside for a second let's say we wanted to buy apecoin at this level put our stop loss down at this level meaning that if we're wrong and it continues moving down we're selling our position and that we want to take profit at this level what we want to do is find the difference between these values and that's going to give us .057 then we're going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we're going to divide it by the difference between the entry and the stop okay and that's going to give us the amount of tokens that we need to buy in order to risk only ten dollars okay if we're just going in with 250 coins or a thousand coins we're never going to be able to dial in our risk reward and you're going to absolutely screw yourself so make sure that you're not doing that you need to have that set dollar amount okay so that means that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount of coins and multiply it by the entry price which is this level here okay so in this case we're going to take 175 coins multiplied by 3.35 and that's going to give us 587 dollars then we need to be able to get into this position when we're using leverage the only thing it's changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to use okay because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account which makes it impossible okay so let's go over to buy bit here let's say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open up our leverage okay and you're gonna get this warning that the liquidation is high okay as long as you're quantifying you're entering your exit and you're risking that ten dollars you are safe and you're doing the right thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this leverage capability is changing nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or higher is going to be automatically entered to win a hundred dollars per week we're picking three winners a week okay we're trying to give the fees that we're collecting from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would recommend using when growing a small account okay so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 up to 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is super important is everyone has a psychological threshold when it comes to how much money they're comfortable risking if I'm looking at losing 500 like this 500 500 where I lose three trades in a row I don't care who you are or what the math says you're going to start feeling a little bit emotional about the trades and that's something that you really want to avoid until you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that's too much for you okay you can walk that back down to fifty dollars per trade pick that fixed amount once you want to preserve your capital and just pick a goal per day on the money that you want to make once you get up to a comfortable threshold where it's fitting your income goals so for me personally you know I like to make three that three to five thousand dollars per week so I'm using you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I'll increase it you know a couple years from now move up to a thousand try to make three to five thousand per trade and try to double my income okay so let's get into the bread and butter of the actual trading this is a system that I've been trading the markets with for the past couple months that have absolutely been nailing trades with I'm gonna show you one of the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find an area where I have a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our beginning wave one first pullback is two largest waves up to three pullback is four and then the high is five and the way we can try to find the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I'm gonna click here click back here and then find my factor of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and go up to the high of one if our price action comes down through the 61.8 or lower we're going to want to Target the 261.8 range okay and you can see right here we got three four reacted five came up and then we got our consolidation in here okay so the next thing that I want to do is once I've confirmed that my wave 5 is here and we get a pullback to this region is I wanted to click a trend off of the high of three right here down to the low of a this is going to Give Me A Channel Of price action to follow okay then I'm just going to clone this up by right clicking on it put this at the high of five right here and I click at my high of five down to the low of a and then I'm going to set my entry to you get short a lot of people don't know that you can take the short side of markets but basically I want the price to go down and that's going to allow me to make money as well okay so if I want to get short in on the 61.8 level here I'm going to put my stop loss to get out of the position just over my five here and this profit Target is going to be to be determined for the moment okay so if I play this forward price action comes up gets me filled in this level so now I'm short okay and the way you do this on buy bit okay see this sell short button that we have this instance we wanted to get short at 41 cents okay so the next thing that I'm going to do is find my position size okay so I'm going to take 0.411 subtract that by my stop loss value at 0.4203 that's going to give me this value take my 10 risk and then divide it by that value to get my unit amount for a ten dollar risk on this trade okay so that means I need a thousand xrp tokens with my 10x leverage it's gonna cost me 37 I can crank this up to 50 hit confirm okay so now you can see my Capital requirement for this trade is going to be eight dollars and I put my stop loss at that point four two level and then I would just hit open short position and that's going to make it so that when this price trades back down to this level or wherever my profit Target is I'm going to make money on the position going down okay you can trade both sides of this Market this system works in both directions okay so if I play this forward you can see price comes down once you see the a level break or at least touch like that so we have price moving down boom we have a break we can start setting our profit Target and the way we do that is we go over here we go into our Trend based FIB extension I'm going to click at the high of B down to the low of a and then back up to this level here okay so what I want to do is drive Fibonacci off of this overall trend up to my high here and you can see here's where my 61.8 is and see how this is matching up perfectly with the 2618 projection off of our a b that's going to give us our projection for c for a profit Target okay and I did this in real time in my Vlog so I'm not just looking after the fact and knowing that it happened I literally showed it in real time because this stuff always works Fibonacci is the answer to life it's the Key of Life okay so make sure that you learn Fibonacci if you learn nothing else from this okay so you can see price is trading forward comes back retests our Trend a bit and then overnight we get a massive dump off in price low is broken see where this bottom forms right here and then we get our exact profit Target hit okay and then this ends up trading back up and coming up higher okay so you can see how if you're only risking ten dollars on this you would have already made forty one dollars in profit on this trade you can see by that ratio right in that box right there so even if you're wrong like more than half of the time okay if you're making a one to four risk reward you're gonna break even being right twenty percent of the time okay if you're right 30 of the time you're profitable forty percent fifty percent and so on you can use this table with your trades to figure out how much money you're going to make over time with your system okay so you really don't need to worry about always being right you just need to make sure that you're setting up these trades properly and in conjunction with the proper sizing and the rules that I set up there's no reason why you can't take a hundred dollar account and trade that up to a thousand five thousand ten thousand and continue growing till you get to that comfortable range okay and if we look one of our students recently was able to take our training take all the things that we're basically talking about in this video right here was able to lock in twenty six hundred dollars on his first trade okay and then he was closing out all sorts of crazy profits and you can see he did give us a little bit of shout out there which is amazing people here know what they're doing bought the course seven days ago and is already making crazy Bank like this so there's a lot of misinformation there's a lot of people who don't know what they're doing these are the types of things that you need to learn and this is how you're going to scale your account up and that being said if you made it to this period in the video it means you're very committed if you've been following our Channel you know we have a little joke going on with Pellegrino because I tried to partner with Lacroix they didn't let me and now you know I started plugging Pellegrino because I love Pellegrino if you comment Pellegrino in the description I'm going to be giving to two people full access to our entire Suite of training which is valued at right around a thousand dollars all you have to do is comment Pellegrino something that you liked about the video join our Discord and in about a week or two I'm going to be announcing two winners also I don't have a paid partnership with them but kind of a running joke that I'm trying to get one so we'll see what happens but anyways guys I hope this video was helpful for you if you're still here make sure you hit the like button make sure you subscribe to the channel if you like trading and investing and you appreciated this but until next time guys I will see you all in the next video foreign

Channel: Craig Percoco

Views: 792,581

Keywords: crypto arbitrage trading, trading crypto, xrp, crypto futures trading, how to make money online, swing trading crypto, how to make money online 2022, crypto day trading, crypto trading strategies, crypto trading strategy, side hustle, best side hustles, online jobs, work from home jobs, ways to make money online, passive income, how to make money online 2023, jobs that pay 10k a month, how to make money fast online, passive income ideas 2023, crypto, bitcoin analysis, ethereum

Id: -UJHObtnp5A

Length: 11min 38sec (698 seconds)

Published: Wed Dec 28 2022