How I Achieved a 72% Gain in PEOPLEUSD Trading

In this article, I’ll share my recent success with trading PEOPLEUSD, where I managed to gain over 72% profit. This simple yet calculated trade is a great example of how persistence, analysis, and the right tools can bring profitable outcomes in cryptocurrency trading.

Entry and Setup

• Entry Price: $0.05932

• Mark Price (current): $0.06147

• Notional Value: $12.29

• Margin Used: $0.59

I entered the trade with a clear risk management strategy. By keeping the margin low and using proper leverage, I limited my downside while leaving room for potential gains.

Trading Strategy

1. Market Analysis:

Before entering this trade, I analyzed the historical price action of PEOPLEUSD, identifying a support zone around $0.05814. This gave me confidence to go long at $0.05932, expecting an upward bounce.

2. Risk Management:

I calculated the liquidation price to ensure it was far from the support level. My estimated liquidation price was $0.05785, ensuring that I had enough buffer if the market turned volatile.

3. Auto Top-up Disabled:

I kept the auto top-up feature off to prevent unnecessary losses and let the trade manage itself based on my initial margin.

4. Exit Planning:

As the price approached $0.06147, I monitored the charts to look for resistance levels and prepared to lock in my gains.

Results and Insights

• Unrealized Profit: $0.42

• Percentage Gain: 72.71%

This gain was possible because of:

• Timing: Entering at a strategic price level.

• Patience: Waiting for the market to move in my favor.

• Control: Using minimal margin and avoiding emotional decisions.

Key Takeaways for Traders

1. Do Your Research: Always analyze market trends before entering a trade.

2. Manage Your Risks: Keep your margin low and set stop-loss levels to avoid liquidation.

3. Stay Disciplined: Avoid over-leveraging and let your trades play out as planned.

4. Focus on Long-Term Learning: Each trade, whether successful or not, is a learning experience.

This trade is a reminder that small, calculated decisions can lead to significant gains in cryptocurrency trading. With the right approach, consistent profits are achievable.