How can you make money in a bear market even if you are an amteur?

The other day I was privileged to stumble upon a lucrative post of making money even in the bear market by @finguru. It was a good read and trust me, when you get to know some convincing ways to make money when bear is awake, you shouldn’t dare to overlook it— neither did I. Go to his post to enlighten yourself with some awesome money making tricks if you find yourself fit in blogging.

Now, I was intrigued by his motivation and secret tricks but here, I want to add some. While his ways requires no investment but your time and brain, I will talk about a more conventional way to make money during the bear season.

For those, who are in hive for a considerable period, I believe they have accumulated a substantial stake if not millions. If you haven’t powered up all hive accumulated or sold it to get some cash, why don’t you start trading— even if you have only a few , let’s say $100. Now, I am sure you have heard people saying you need a good amount to shine in trading; but no, you can do it with as low as $50 or close; however, the more you have the more profit you will make with every trade. I am doing it and already made some profit. So, I know how it works but remember, this is not financial advice.

So, how to make money using the lowest of asset you have. That’s what I will try to highlight based on my personal experience. Please note that, trading is different from investing. And the majority of us, at least me, used to think them as the same.

Anyway, to start with the process, head to Binance. Perhaps you all have account there and already know the basic functionalities. So, I will be straight.

Suppose, you have 200 hive there, which is roughly $120 or around. First sell them to get some USDT or BUSD. Now, closely look at the market trend of Hive— it is holding good and the trading volume is quite decent. That means, the market is still moving despite the bear effect.

mobile ss

See those green and red candles? In recent times, they are following a stable pattern, which is, they are moving between $0.52 to $0.56. Although they are moving beyond the range, but this is the most common pattern we are observing on Binance. And they are following an average time period, which is 3-4 days— the price is going down to $0.52 or around and rising back to $0.56 or so after 3-4 days or such.

If you make the purchase at the lowest and sell them at the highest of that range, you are making an easy profit— although very little but it’s better to have something than nothing at all. Let’s say you are making $1 per trade, it will be $30 after a month. Although it looks very insignificant but I know there are people, to whom $30 is a big deal. And for newbies like me, it’s satisfactory before we learn to handle a porfolio worth thousands of dollars.

If you have time to look at the chart all day, you can trade multiple times a day in short range, making small profits everytime which will sum up to a reasonable amount at the end of the day or month. Now, the range is changeable, and so is the period. Just remember, the price changes in every few days.You have to look at the recent trends and select the comfortable fluctuation to avoid potential risks of losing money. The reason I stated only about Hive is that it is doing good and remaining almost in a stable zone for days after days. So, if luck favours, you can continue making tiny but sure profits everyday until the price suddenly drops, going below your purchasing price. If it goes high, that’s some big money you will be making, right?

I had this misconception that trading is only for big fishes with thousands of dollars. But one of my seniors enlightened me with the process and I have made $40 in the last 14 days utilising $250 BUSD following this simple tricks. And it doesn’t require me to look at the chart the whole day, I place a buy order, and when it’s done, I place the sell order— that’s how I am doing it. And I don’t go for big profit, only a fraction of cents and perfect timing is what making my effort fruitful.

Once again, remember, there is risk and I think loosing this small portfolio during the process is okay as this will make you a visionary trader over time. As I am not a pro trader, not even close, feel free to ignore what I have said so far.