Seemingly hope is returning after the depressing episode of the two months market correction, which resulted in many losses that plunged many investors into debt. But it is possible to make $600 monthly in crypto.

Though the future looks promising, the reality is different for beginners.

The market can mess someone mental health up if the person jumps into it without understanding the dynamics of the market, technical analysis and price action.

Without mastering Technical analysis and price action, the market will dash your expectations.

I have my not too good experience like six months I wasn’t making any profit.

I was pilling up losses; I nearly give up because it doesn’t make sense at that time.

Well, along the line, I developed a strategy that saved me and turned my investment around.

With the strategy, I made a 200% return on investment.

I achieve this feat without knowing how to interpret the chart or use any technical indicators.

Interestingly the strategy worked for my friends, so in this article, I will share how anyone can make at least $600 monthly using the same strategy, which I called *“**Scheme Trading strategy**”*.

Though, along the path, you may need to optimize your results by learning price action and technical indicators.

*Okay, here is the strategy.*

The process is simple to buy low and sell high.

The average price gain of cryptocurrency is between the 15% — 47% range.

In a worst-case scenario, at least seven assets will likely have a price increase that falls within this range.

With this in mind, what you need to do next is to create a system that enables you to quickly glance through the market to identify the top gainers and top losers.

The reality is the top gainers will likely be the next day top losers because the investors will sell off to take profit; this selling pressure will cause the market to have a minor correction on average falls between 20% — 30% loss.

Sometimes the market might bounce back immediately, without a prolonged accumulation stage.

But the norm is, if an asset price increase, the price will decrease then slip into the accumulation stage that might last for two days or more before breaking out to regain the price lost or further move downwards.

Now, I believe you have a basic understanding of the market dynamics.

To get started, select asset pairs that have a high market cap and high trading volume; most especially assets that its’ trading volume exceeds the circulating supply.

These classes of assets offer the best trading rewards.

Then favourite these assets on whatever exchange you are using to trade.

When you are through with this, set the list to show the top gainers on the top, while the Top losers will be at the bottom.

Now here is how to implement the strategy.

*Trade Timing:*

The best time to execute this trade is during the Asia trading session, which starts from 12.30 Am to 9.30 Am. The peak time to capture the best opportunity is 2.30 Am.

*The number of Trade Entries:*

Then depending on your trading capital, you might have more than five trade entries daily.

Or choose the most promising opportunity in terms of the price discount; what I mean by price discount is the percentage of the price loss.

*Trade Execution:*

First, we will discuss:

- How to enter the trade
- How to set your stop-loss
- And how to set your profit Target

Trade Entry:

When you see an asset falling, what you have to do is to look at the chart on a four-hour Timeframe to identify the All-Time high price for the day.

After this, calculate at what price the price will fall when it lost 30% of its value.

Here is what I mean: assuming the asset highest price for the day is $13.560.

If this asset loses 30%, the price level will be:

$13.560/100 x 30%

= $4.068

So, if the asset loss 30%, the price level will be: $13.560 — $4.068

= $9.492 (this is the entry price level).

Place a buy limit order to buy the asset if it falls to that level. Be mindful that it will take some time for the price to reach the price. So patience is the key to getting winning trades.

Don’t allow fear of missing out (FOMO) make you to short change yourself.

If you place ten trades, at least six Trades will close, while four might not close.

While browsing your favourites, and you come across an asset(s) that has already lost 30% of its price, all you need is to look for a strong support level on a one-hour Timeframe.

Then Place a buy limit order at this price level.

Another way to do this apart from using 30% is to use Technical indicators.

The best technical indicators are; Average True Range, Relative Strength Index, 200 Moving Average and Pivot point standard.

Using Technical indicators and market structure will give you the best result.

How to define your Stop loss:

As a trader, your topmost priority is survival first before making a profit.

So immediately you enter a Trade next thing to do is to set your stop loss.

Although many traders do the opposite by setting take profit rather than the Stop loss.

There are many ways to determine your stop; you can use Chart stops, Time stops, Volatility stops, Percentage stops, and Moving Average Stops.

The best for this strategy is to combine Chart stops and Volatility stops.

But we won’t use them because it requires that you know technical indicators and Price Action.

Because of this, we will stick with the Time stops and percentage stops.

Here we will use 1% Rule stops.

It means you have to risk 1% of your trading capital.

Here is what I mean maybe your trading account is $1000.

Calculate the 1% of your Trading capital and minus it from the point you entered the trade.

If the entry price level is $9.492 to set your Stops do this math:

$1000/100 x 1

; 1 x 1 = 10

; $9.492–10

= $0.592 (this is your stop loss)

What this means is, if the trade goes against you are willing to lose $62.36

It is better to lose $62.36.57 of your capital than to be trapped in the trade because of opportunity cost risk.

I will explain this later.

How to determine which price level you will sell the assets and make a profit:

There are many ways to determine your Target profit level.

You may use a technical indicator like the Average True Range and Pivot Point Standard.

Or may decide to sell at the supply level if you know how the supply and demand zone work.

Also, you can use market structure to determine the level.

The only drawback of the methods I mentioned above is that you need to have basic knowledge of Technical analysis and Price Action.

Not many people know how to use Technical indicators and Price Action.

So, we will use the percentage method.

As a beginner; you can use this method without knowing how to use Price Action and Technical Analysis.

We will use the same method we used to determine the entry-level what you have to do is to calculate a 25% price increase from your point of entry.

Here is how to do the math:

Point of entry: $9.492, right?

$9.492/100

= $0.09492

$0.09492 x 25%

= $2.373

; $2.373 + 9.492

= $11.865 (this is the point you sell the asset)

If you sell the asset at this price you will make $1,250.

So, you Risk: $62.36 to make $250

Now let’s talk about money management.

Money management boils down to trade execution, Trade Management, Risk management and profit maximization.

In crypto trading, there are factors that determine your profitability.

These factors are leveraged position (futures or margin trading), the units of the assets you bought and the number of trade entries, efficient trade management and the winning Rate of the trading strategy you are using.

If you put all these together perfectly, you will be making reasonable constant profits daily.

Okay, let’s try to put the mix together here.

Note, I will not discuss leveraged position here because this strategy is for Spot trading.

So don’t adapt it for future trading or margin trading.

Now let’s look at the first factor, which is units of the assets bought.

Assuming the price of the asset you want to buy is $9.492.

If you invest 1000 dollars in this asset, you will get 105.351 units filled.

Here is how to do the math.

1000 ÷ 9.492 = 105.35 units filled.

And if you sell this asset at the price level: $11.865, you will make $1,250

Your return on Investment: $1250- $1000

= $250

In a situation, your stops close, which implies the trade goes against you.

You will lose $62.36

This is how to do the math:

$0.592 (your stop loss level) x 105.36 (filled units)

= $62.37

I believe you have seen the profit potentials, right.

We will move a bit further to discuss: the Number of trade Entries.

The number of Trade entries; emphasis the benefit of risk diversification in financial market trading.

That is assuming you have $1000 available to trade, rather than using all the money to invest in one asset.

You diversify and use it to open ten positions.

Here is how this factor affects your profit:

First scenario:

If you use $1000 to open one trade.

The probability of the trade is 50:50.

In this situation, it becomes a thing of luck or gambling if you are not well-grounded in using technical analysis and Price action.

Even for professional traders, this is not the best-case scenario.

Assuming your entry point is $9.492.

If you opened the position using 1000 dollars, you would get 105.35 units filled.

So if you sell at $11.865, you will make $250 profits ($1250).

On the flip side, if the trade goes against you would lose $62.37

Keep this at the back of your mind.

Seemingly, this looks appealing, but as a beginner, you need to play safe.

Especially, if you will use our **“ Scheme Trading Strategy workbook”**

*to make $600 monthly you need to diversify to avoid opportunity cost risk, which may occur if you miss the trade or get trapped in the trade.*

When you diversify your risk you can easily control the outcome by optimizing the strategy.

But when it is 50:50, your ability to control the outcome becomes slim.

Second Scenario:

You selected ten different assets and have calculated the entry points.

Assuming the assets have different entry prices as follow;

So, with the 1000 dollars, you diversify the investment equally amongst these assets, meaning you invest $100 in each Asset.

In this case, the units filled with each asset will be as follow:

Now, let’s work out the potential profits based on a 25% price increase and losses based on the 1% Rule.

Here is where it gets interesting if you look at it from the point of winning Rate of this strategy, which is 60:40 meaning there’s a high probability that if a trader uses this strategy, the trader will likely have six wins weekly and lose four trades.

In terms of monetary gain, it implies that weekly the trader will make $149.94.

While the trader will lose: $4 that’s 40% of the trade.

**Trade management and profit optimization:**

The reality is, the market has its psychology.

Perhaps it won’t always go the way you want it to go.

It would react based on the current market cycle and prevailing sentiment.

If not, it will likely move into the accumulation stage: a sideways trend before it rallies and starts trending again.

And the accumulation stage might last three days or more days before the price will breakout to trend either upward or downward.

So, for efficient trade management, you have to leave the trade open for eight days maximum.

If the trade Stop loss didn’t trigger, you might have to exit the position after eight days.

Applying this tactic will enable you to optimize your profit by minimizing risk due to opportunity costs.

Time and number of the trade entries play a vital role when it comes to profit optimization.

If you effectively manage your trade, there are chances you will be making 600 Dollars as your monthly profit.

Would you like to try out this strategy?

If it interests you, we have a Special scheme trading strategy workbook that will help you maximize your profit.

The Strategy workbook (Excel Spreadsheet) contains the list of high yielding coins pairs to trade and a video tutorial on how to use this strategy to make $600 monthly.

Also, the workbook comes with a technical analysis Mini-course video tutorial; after watching the video, the knowledge you will gain will help you increase your winning rate to 75%: 25%.

**The workbook cost only $12.55**

To place your order click, on the link: **SUBSCRIBE**

Also, I have a Telegram group where I teach people crypto Trading and investment free.

To join the group,** click the link**

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